Wednesday broker round-up UPDATE
16th Jan 2013 07:16
Anglo American: Goldman Sachs reduces target price from 1650p to 1500p and reiterates its sell recommendation. Antofagasta: Goldman Sachs ups target price from 1100p to 1120p and still recommends to sell. ARM Holdings: UBS increases target price from 750p to 900p, while downgrading to neutral. As
Read moreSunday newspaper round-up: Marks&Spencer, Sterling, Vodafone
13th Jan 2013 18:41
Last week showed that the M&S riddle - whether the 81,000 person strong outfit will survive - remains unsolved. Over the crucial Christmas trading period sales of general merchandise were down 3.8 per cent ? much worse than the 1.5 per cent fall the market had expected. The nasty numbers were made w
Read moreFriday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
Read moreTuesday newspaper round-up: Diageo, British Gas, Banco de Valencia...
8th Jan 2013 07:00
Diageo's public offer to buy a stake in India's United Spirits is facing delays as it awaits regulatory approvals, it emerged yesterday. The drinks giant had agreed in November to pay 1.3 billion pounds for a 53.4 per cent stake in United Spirits under a two-stage process including a mandatory tende
Read moreFTSE 100 movers: Barclays leads risers as National Grid falls
7th Jan 2013 15:34
Banking giant Barclays was the high riser of the day after regulators eased rules on cash buffers, giving lenders more time and greater flexibility to comply with Basel III liquid coverage ratio requirements. Sector peers Lloyds and HSBC were also on the up. "Less strict liquidity rules should red
Read moreSunday newspaper round-up: RBS, Britain´s AAA, Centrica
6th Jan 2013 21:13
JC Flowers, headed by former Goldman Sachs banker Chris Flowers, is planning an ambitious move into the banking mainstream. It has teamed up with Apollo, one of the world´s largest buy-out houses, to bid for 316 Royal Bank of Scotland branches put back up for sale in October after a proposed deal wi
Read moreLondon close: Markets boosted by US jobs report
7th Dec 2012 16:28
- Jobs reports lifts markets, but gains modest - Bundebank cuts German growth estimates - ECB rate cut speculation increases The Footsie finished with slight gains on Friday afternoon as some better-than-expected jobs data from the US managed to outweigh concerns about Germany's economy. Stocks st
Read moreFTSE 100 movers: Defensive stocks lead risers
7th Dec 2012 15:27
Defensive stocks, such as those in the utilities, tobacco and pharmaceuticals categories, were performing well today, as they benefited from risk aversion which has put a dent in the mining sect this morning. Centrica, Imperial Tobacco and Shire were among the best performers. Polymetal was also p
Read moreLondon midday: Markets cautious ahead of US jobs report
7th Dec 2012 11:45
The FTSE 100 was trading within a tight range on Friday morning as caution set in ahead of the eagerly-anticipated US employment report later today. However, providing a drag on sentiment this morning was newsflow from Germany: the Bundesbank now expects just 0.4% growth in the economy next year, d
Read moreLondon close: US and Eurozone uncertainty keeps stocks flat
4th Dec 2012 16:50
- Democrats, Republicans wrangle over 'fiscal cliff' - Europe talks about bank supervisor - Defensives gain, resources fall The FTSE 100 swung between gains and losses for most of Tuesday's session to finish the day broadly flat as ongoing concerns about the US budget and developments in the Euroz
Read moreFTSE 100 movers: Shire leads defensive stocks higher
4th Dec 2012 15:34
Shire was leading the defensive stocks after investors exercised caution as budget uncertainty in the US continues to weigh on sentiment. British Gas owner Centrica rose after partner EDF Energy announced that it has extended the life of two UK power stations by seven years. Tesco was on investo
Read moreLondon midday: Tullow drops as Footsie edges higher
4th Dec 2012 11:38
UK stocks were making small gains by Tuesday lunchtime on the back of developments in the Eurozone, though the mood was cautious as budget uncertainty in the US continues to weigh on sentiment. The Ecofin is meeting today to agree to proposals on bank supervision and take stock of negotiations with
Read moreLondon open: Stocks flat on US budget uncertainty
4th Dec 2012 08:32
UK stock markets opened tentatively on Tuesday morning with concerns over the US economy back in the spotlight following yesterday's disappointing manufacturing data and increasing worries about the 'fiscal cliff'. The FTSE 100 finished broadly flat yesterday after the US Institute for Supply Manag
Read moreEDF Energy extends life of two UK power plants to 2023
4th Dec 2012 07:45
British Gas owner Centrica has welcomed the announcement by French power giant EDF Energy to extend the life of two UK power stations by seven years. Hinkley Point B power station in Somerset and Hunterston B in North Ayrshire will continue to generate until 2023, instead of 2016, EDF announced on
Read moreMonday broker round-up UPDATE
3rd Dec 2012 07:16
ARM Holdings: Exane BNP Paribas upgrades from neutral to buy. Ashtead Group: Bank of America starts with a target price of 460p and a buy recommendation. AstraZaneca: Berenberg raises target price from 3080p to 3100p; hold recommendation kept. Balfour Beatty: Investec reduces target price from 21
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