Friday broker round-up UPDATE
10th Oct 2014 09:42
British American Tobacco: Goldman Sachs reduces target price from 3530p to 3250p downgrading to sell. Brown (N) Group: UBS cuts target price from 490p to 445p leaving its buy recommendation unchanged. Diageo: Goldman Sachs reduces target price from 2030p to 1925p and keeps a neutral rating. Dixons
Read moreFTSE 250 movers: Miners lead upside as N Brown brings up the rear
9th Oct 2014 16:12
As on the top tier, mining stocks moved higher as a weaker dollar prompted a jump in gold and silver prices. Recruitment firm Hays has made a "good start" to the new financial year with like-for-like (LFL) net fees up 9% in the first quarter. Fees from temporary positions increased by 7% on a LFL ba
Read moreN+1 Singer reviews N Brown after profit warning
9th Oct 2014 12:21
N+1 Singer is taking another look at its stance on N Brown after mild weather forced the catalogue and online retailer to warn on annual profits, although the broker remained optimistic. N Brown, whose brands include Jacamo, Simply Be and Figleaves, on Thursday unveiled interim results matching lowe
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreLondon pre-open: FTSE set for strong start after Fed meeting minutes
9th Oct 2014 07:46
The FTSE is in line for a strong start following a positive reaction in the US to the minutes of the latest Federal Reserve meeting. City sources predict the FTSE 100 will open around 63 points higher than yesterday's close of 6,482.24. The gains also come after Aluminum producer Alcoa unofficially
Read moreN Brown lowers full-year profit guidance
9th Oct 2014 07:23
While interim results were in line with reduced expectations, clothing retailer N Brown lowered guidance for full-year profits after the second half started weakly due to mild weather. The board now expects the pre-tax profits of between £88m-£92m, before expected reorganisation costs of around £5m.
Read moreFTSE 250 movers: Ophir climbs after unveiling new gas discovery
16th Sep 2014 15:41
Africa-focused Ophir Energy rose after it announced a new gas discovery in block R which it says increases the value of its 80%-owned offshore Equatorial Guinea project. The Silenus East-1 well found a 67m gross gas column in the primary target with a high-quality reservoir in line with pre-drill ex
Read moreLondon midday: UK stocks near one-month low as retailers drop
16th Sep 2014 11:49
UK stocks were trading at levels not seen in nearly a month on Tuesday as a sharp drop in German economic confidence and disappointing data from China dampened sentiment. A profit warning from online fashion retailer ASOS and a disappointing updates from Thomas Cook, N Brown and Crest Nicholson were
Read moreN Brown H1 revenue down as retailer faces a "transitional year"
16th Sep 2014 10:54
The fashion retailer N Brown Group said on Tuesday that sales were down in the first half as it faces a “transitional year”. The home-shopping group, which operates online and through catalogues, said revenues decreased by 0.6% in the first six months of the year. In like-for-like basis
Read moreLondon open: UK stocks slip ahead of inflation data, Asos drops
16th Sep 2014 08:40
UK stocks opened in the red on Tuesday as investors continued to tread cautiously ahead of a Federal Open Market Committee (FOMC) decision and vote on Scottish independence. Investor appetite for risk was also limited ahead of some closely-watched economic data during the session, namely UK inflatio
Read moreLondon pre-open: Stocks to rise ahead of CPI data
16th Sep 2014 07:39
London-listed stocks are expected to open broadly higher on Tuesday as investors gear up for the latest UK inflation reading, German investor confidence and, later in the week, the Scottish referendum and a meeting of the Federal Open Market Committee (FOMC). City sources predict the FTSE 100 will o
Read moreThursday broker round-up UPDATE
28th Aug 2014 09:24
Antofagasta: Investec lowers target price from 720p to 719p and retains a sell recommendation. Arrow Global: Canaccord Genuity moves target price from 318p to 325p and keeps a buy recommendation. Numis downgrades from buy to add with a target price of 285p. Balfour Beatty: Berenberg moves target p
Read moreMorrisons names former Tesco exec as new Chairman
29th Jul 2014 07:29
Supermarket chain Wm Morrison has appointed Andrew Higginson as its new Chairman, he is due to replace Sir Ian Gibson when he retires next year. Higginson, a former Executive Director at Tesco for 15 years, currently chairs the boards of fellow retailers Poundland and N Brown and also stands as Sen
Read moreFTSE 250 movers: Retailers mostly higher as UK unemployment falls
16th Jul 2014 15:12
A number of retailers including Debenhams, N Brown, AO World and Home Retail were on the rise today as investors welcomed the latest UK economic data which showed a drop in unemployment. The UK jobless rate declined from 6.6% to 6.5% in the three months to May, the lowest since 2008, though wage gro
Read moreBroker tips: Rio Tinto, easyJet, N Brown
16th Jul 2014 12:19
Broker Liberum has repeated its 'sell' call on Rio Tinto despite admitting that the miner achieved a "solid" second quarter in terms of production. "Rio still looks vulnerable to us in the second half as the impact of sustained higher iron ore production hits the market, with consensus numbers refl
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