London open: Market extends losses on euro worries
24th Jul 2012 08:29
- Footsie continues to fall as Spanish yields rise - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Miners, banks provide a drag in London - Moody´s criticizes gradualist approach to crisis resolution - Goldman Sachs AM President calls for radical ECB action -BBC UK stocks edged
Read moreTuesday broker round-up
24th Jul 2012 08:15
Aberdeen Asset Management: Societe Generale upgrades to buy from hold. Aggreko: S&P Equity Research upgrades to buy. BT Group: Societe Generale raises target from 210p to 220p, hold rating kept. CareTech: Canaccord Genuity ups target from 166p to 194p, buy rating kept. Carpetright: Merchant Secu
Read moreCarpetright sales improve a touch
24th Jul 2012 07:13
Flooring retailer Carpetright said like-for-like sales in the UK improved 1.7%, as the wetter than usual weather encouraged shoppers into stores to pick up the latest deals in laminate flooring and beds. The group, which issued a string of profits warnings in the past year, said it continued to the
Read moreWednesday broker round-up
27th Jun 2012 09:20
Alliance Pharma: Investec downgrades from buy to hold, target slashed from 34p to 25p. APR Energy: Credit Suisse keeps outperform rating and 1,300p target. Aviva: Jefferies downgrades from buy to hold, target cut from 386p to 281p. Avanti Comms: Jefferies retains buy rating and 600p target. Brit
Read moreWednesday tips round-up: Stagecoach, Melrose, Carpetright
27th Jun 2012 06:59
In the Telegraph, Questor makes the case for Stagecoach, which owns the East Midlands and South West Trains franchises as well as a very large bus network. Broadly, train companies are suffering in the recession but buses are doing well and the North American Megabus gamble appears to be paying off.
Read moreTuesday broker round-up
26th Jun 2012 09:38
Advanced Medical Solutions: Peel Hunt upgrades to buy. Cairn Energy: UBS cuts target from 365p to 275p, neutral rating kept. Carnival: Jefferies maintains buy recommendation and 2,400p target. Carpetright: Peel Hunt keeps hold rating and 600p target. Cookson: Exane BNP Paribas cuts target from 7
Read moreCarpetright full year profit plunges
26th Jun 2012 07:22
Flooring retailer Carpetright posted a 76 per cent drop in full year underlying profit but said it is well positioned to deliver future profitable sales growth once consumer demand improves. Underlying pre-tax profit tumbled to £4m for the 52 weeks to 28 April 2012 from £16.9m in 2011. Pre-tax prof
Read moreLondon close: Markets rebound after steep losses
24th Apr 2012 16:43
- Global markets rebound after yesterday's losses - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove London's FTSE 100 index clawed its way back above the 5,700 level on Tuesday afternoon after a broadly stronger start on Wall Street. Europe's major benchmarks we
Read moreFTSE 250 movers: Redrow rockets on placing
24th Apr 2012 15:06
House builder Redrow rose after announcing a placing and open offer to raise nearly 80m pounds. It also said sales activity this year has been encouraging with its sales per site are the top end of the range for the sector, while like-for-like (LFL) reservations are ahead of last year. ?? Carpetrig
Read moreBroker tips: Man Group, AB Foods, Carpetright
24th Apr 2012 12:27
UBS has reiterated its buy recommendation for hedge fund manager Man Group, saying that the firm is a 'likely take-out candidate' and is on the 'UBS M and A Watch List'. "With Man Group shares having traded below 150p for a six-month period, we believe that a 50%+ premium bid offer to the current s
Read moreBroker snap: Prime Markets maintains sell rating on Carpetright
24th Apr 2012 12:10
Prime Markets has reiterated its sell rating for bed and flooring retailer Carpetright following the firm's profit warning on Tuesday morning. The level of bed sales in the UK has been below forecast in 2012 while sales in Europe have been soft, and the group now expects the full year underlying pr
Read moreLondon midday: Man Group provides a lift as stocks claw back
24th Apr 2012 11:42
- Footsie corrects after sell-off - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove UK stocks were making moderate gains by Tuesday lunchtime, rebounding after heavy losses the day before. US stock futures were pointing to a positive start on Wall Street ahead
Read moreTuesday broker round-up
24th Apr 2012 09:27
ARM Holdings: Nomura maintains neutral rating and 600p target. Associated British Foods: Nomura keeps buy stance and 1,325p target; Jefferies mains hold recommendation and 1,155p target. Barclays: Investec maintains buy rating and 240p target. BBA Aviation: Jefferies keeps buy rating and 250p tar
Read moreLondon open: Financials lead comeback following steep losses
24th Apr 2012 08:40
- Footsie rebounds after Monday's steep losses - Shell makes 220p-a-share offer for Cove - Capita drops after proposing placing The FTSE 100 was clawing its way back slowly on Tuesday morning, following yesterday's steep sell-off which saw London's benchmark lose nearly two per cent of its value on
Read moreCarpetright falls out of bed after profits warning
24th Apr 2012 07:41
The move by floor coverings retailer Carpetright into selling beds has proved less than successful so far, and along with weakness in its European operations has prompted a profits warning. The level of bed sales in the UK has been below forecast in 2012 while sales in Europe have been soft, and th
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