FTSE 100 movers: Carnival lifted by strong results, airline stocks rebound
27th Mar 2015 13:12
Carnival topped the risers as strong first-quarter results prompted a lift in full year earnings guidance. It boasted that advance bookings for the remainder of 2015 were steaming ahead of the prior year and at higher prices. "We are experiencing an on-going improvement in underlying fundamentals ba
Read moreLondon close: FTSE ekes out new record despite Greek uncertainty
23rd Mar 2015 17:19
After a subdued start, the Footsie managed to edge higher to a new record on Monday though worries about Greece limited upside for London's stocks. The FTSE 100 finished the session up 0.22% at 7,037.67, surpassing the previous all-time closing high of 7,022.51 set on Friday. Stocks on the continen
Read moreMonday broker round-up
23rd Mar 2015 13:51
RBS: Nomura reiterates buy and lowers target to 350p from 370p. WPP: Westhouse Securities reiterates add lifts target to 1732p from 1577p. HSBC: Nomura reiterates neutral and shaves target to 590p. StanChart: JP Morgan upgrades to overweight. Citi reiterates buy and lifts target to 1300p from 1250
Read moreBroker tips: Standard Chartered, Carnival, Smith & Nephew, Weir
23rd Mar 2015 12:24
UK listed bank Standard Chartered has had its rating promoted to 'overweight' from 'neutral' at JPMorgan. The US bank said that although it is hesitant to change its view for the arrival of the new chief executive which has been a material positive, "we believe that last week's UK budget may lead th
Read moreLondon midday: FTSE fluctuates around 7,000 as Greek concerns weigh
23rd Mar 2015 11:42
UK stocks retreated slightly from a record high on Monday morning on the back of uncertainty in Greece, though decent gains from banking, oil and mining stocks were providing some support. The FTSE 100 was down 0.09% at 7,016 by midday, pulling back after setting a new all-time closing high of 7,022
Read moreCarnival shares drop after Deutsche Bank cuts stock to 'hold'
23rd Mar 2015 09:49
Carnival Corporation has had its rating cut to 'hold' from 'buy' over at Deutsche Bank on Monday, resulting in a 2% drop in the cruise company's share price. The stock was trading at 3133p in Morning trade. Deutsche Bank said while it expects the company's first-quarter trading update to demonstrat
Read moreFTSE 100 movers: GKN on top as target price lifted, travel stocks gain as oil prices fall
12th Jan 2015 12:46
Engineer GKN was given a boost by Credit Suisse which lifted its target price on the stock from 380p to 410p and reiterated an 'outperform' rating. The broker said: "Despite automotive accounting for around 59% of 2015 estimated group revenue, investor attention is often focused on the aerospace div
Read moreLondon close: UK stocks sink 2% on Greek exit fears, oil-price plunge
5th Jan 2015 16:45
Concerns about the Greek crisis and continuing downwards pressure on oil prices drove London's stock market 2% lower on Monday, with investors scaling back their appetite for risk ahead of a busy week. The FTSE 100 finished the session down 130.64 points at 6,417.16, its lowest close since 17 Decemb
Read moreFTSE 100 movers: Travel stocks gain, resource shares drop
5th Jan 2015 15:03
The travel sector was booming on Monday as oil prices continued to fall. Carnival, International Consolidated Airlines Group and EasyJet were among the best performing members of the FTSE 100. Randgold Resources and Fresnillo were on the rise as gold and silver prices increased. Gold was up for the
Read moreLondon midday: Resource stocks drag FTSE 100 into the red
5th Jan 2015 11:36
UK stocks were trading firmly in the red by Monday lunchtime despite a positive start, with shares in the oil and mining sectors providing a drag. London's FTSE 100 was down 0.9% at 6,489 by midday, dropping sharply after reaching a high of 6,576.74 early on. This week will be the first full tradin
Read moreLondon midday: UK stocks slip as Greek uncertainty hits sentiment
30th Dec 2014 11:19
Uncertainty in Athens and falling oil prices were weighing heavily on UK stocks on Tuesday, with London's FTSE 100 snapping an eight-day winning streak. The FTSE 100 was down 0.9% at 6,576.11 after hitting a three-week high the previous session. Greek politics were in focus for those traders return
Read moreBroker tips: Carnival, Countrywide, Circle Oil
22nd Dec 2014 11:33
Credit Suisse has reiterated its 'outperform' recommendation on cruise operator Carnival Corporation, saying that it is "maintain[ing a] positive view into 2015" after the company beat forecasts with its fourth-quarter results. Credit Suisse said: "We continue to see CCL shares as attractively value
Read moreCarnival on cruise control into 2015, says Credit Suisse
22nd Dec 2014 11:22
Credit Suisse has reiterated its 'outperform' recommendation on cruise operator Carnival Corporation, saying that it is "maintain[ing a] positive view into 2015". Carnival on Friday reported adjusted earnings per share of 27 cents for the fourth quarter ended 30 November, compared with just four cen
Read moreThursday preview: Carnival reports full-year results, UK retail sales, US jobless claims
17th Dec 2014 17:26
Carnival is a major beneficiary of the collapse in the price of oil, Numis said ahead of the cruise operator's annual results on Thursday. "If current fuel prices are broadly maintained, we estimate a bunker fuel cost saving of over $500m in full year (FY) 2015 and we recently increased our FY15 ear
Read moreLondon open: Stocks bounce off one-month low on Chinese stimulus hopes
10th Dec 2014 08:54
UK stocks edged higher on Wednesday after a steep sell-off sent the FTSE 100 to its lowest levels in more than a month. London's benchmark index was up 0.3% at 6,549 early on, after settling at 6,529.47 the previous day. Political uncertainty in Greece and concerns about lending in China hammered m
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