Sector Movers: Consumables lead FTSE 100 higher on a dire day for miners
2nd Apr 2015 11:45
Consumables related stocks kept the FTSE 100 firmly in the green on Thursday as miners endured a pummelling from investors. At 15:50 the FTSE 100 was trading up 0.38% or 25.69 points at 6835.19 led higher by food and beverage stocks. Coca Cola HBC (up 3.85%) and Marks & Spencer (up 3.68%) topped the
Read moreLondon close: UK stocks finish flat as markets pause at 15-year high
18th Feb 2015 16:29
Renewed optimism surrounding Greece gave market sentiment a boost on Wednesday, though stocks had erased gains by the close as investors took profits with the FTSE 100 near its all-time high. The Footsie finished the session down just 0.05 points at 6,898.08, retreating after hitting an intra-day hi
Read moreLondon midday: FTSE flat as UK stocks pause at 15-year high
18th Feb 2015 12:16
UK stocks had erased gains and were trading broadly flat by Wednesday lunchtime, though the FTSE 100 held just short of its all-time high on the back of hopes for Greece. The FTSE 100 was up just 0.04% at 6,900.77 by midday, having pulled back after reaching a high of 6,921.32 early on. The last ti
Read moreBroker tips: Tesco, Fresnillo, Coca-Cola HBC
18th Feb 2015 11:44
The appointment of Dixons Carphone chairman John Allan as the head of Tesco's board has been applauded by analysts at Shore Capital, who said it represented "another job completed in the repair of Tesco". The broker, which kept a 'hold' rating on the supermarket stock, said that Allan "has a disting
Read moreCredit Suisse cuts earnings forecasts for Coca-Cola HBC after weak results
18th Feb 2015 11:23
Credit Suisse has lowered its estimates for Coca-Cola HBC (CCH) after annual results from the drinks bottler missed City forecasts on Wednesday, highlighting continued challenges for the group this year. The bank maintained a 'neutral' rating for the stock with a 1,100p target price. The company re
Read moreLondon open: Greek hopes send FTSE to 15-year high as stocks near record levels
18th Feb 2015 08:46
UK stocks were trading at a 15-year high on Wednesday morning, nearing record levels on the back of hopes that Greece will bow into international pressure and request a bailout extension. The FTSE 100 was up 0.2% at 6,913 in early deals. The last time the index has closed above this level was on 30
Read moreCoca-Cola HBG volumes fizz but earnings dented by forex
18th Feb 2015 07:11
Coca-Cola HBC, the Greece-based drinks bottler, enjoyed improved volumes and lower sugar and oil costs in the final few months of the year but earnings were hit by worsening currency movements. With an improved performance in Russia, among other regions, volumes rose 0.8% to 485m cases in the fourth
Read moreLondon close: Stocks rise on Ukraine ceasefire, but gains modest
12th Feb 2015 17:13
UK stocks rose for the first time in five sessions on Thursday after a ceasefire was agreed in eastern Ukraine, though ongoing concerns about Greece and weak economic data from the States limited upside. Investors were also digesting comments from the Bank of England as it upgraded its UK growth for
Read moreFTSE 100 movers: Coca-cola fizzes up on Ukraine ceasefire, oil and gas lower
12th Feb 2015 14:31
Stocks exposed to Russia and Ukraine, such as Coca-Cola, rose strongly after a ceasefire was agreed between the two nations. The ceasefire will come into effect on Sunday and involves the withdrawal of heavy weapons from conflict areas. Mining group Rio Tinto gained as it pledged to return nearly $6
Read moreFTSE 100 movers: Retail sector boosted by data report while BT slides
18th Dec 2014 16:27
Retail firms received a boost on Thursday after data showed higher-than-expected UK retail sales. Sales rose 1.7% month-on-month in December, much better than the 0.3% consensus expectation. Drinks group SABMiller and supermarket giant Tesco were both advancing. Financial stocks were also rising in
Read moreFTSE 100 movers: Sainsbury hit by Kantar Worldpanel report
16th Dec 2014 14:36
Supermarket J Sainsbury fell on Tuesday after Kantar Worldpanel released a report revealing the group's sales fell 1.8% in the 12 weeks to 7 December while its market share fell. The Big Four grocers continue to be overshadowed by exceptionally strong growth from the discount end of the market, name
Read moreFTSE 100 movers: Unscheduled trading update hits supermarkets
9th Dec 2014 14:37
Tesco surprised the market with another profit warning, causing shares to plummet. The company said trading profit for the financial year ending February 2015 is not expected to exceed £1.4bn, compared with £3.315bn previously and analysts' forecasts, which ranged from £1.8bn to £2.2bn. Supermarket
Read moreMonday broker round-up UPDATE
17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read moreFriday broker round-up UPDATE
7th Nov 2014 09:44
AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra
Read moreLondon midday: UK retailers rise on Morrison results, but markets flat ahead of ECB
6th Nov 2014 11:44
The London stock market was more or less flat by Thursday lunchtime, erasing earlier losses after a well-received update from Morrison's boosted shares in the retail sector. However, upside was being limited ahead of a number of risk events expected before the weekend, including a European Central B
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