FTSE 100 movers: Bunzl dips on slower growth, miners extend losses
23rd Jun 2015 13:28
London markets continued to rebound on Tuesday, as better-than-expected economic data, positive broker sentiment and renewed optimism on Greek negotiations buoyed stocks. As of 14:15 BST, the FTSE 100 was trading 0.3% higher at 6,846. Distribution and outsourcing business Bunzl disappointed with a
Read moreLondon midday: Broker upgrades and data lift UK stocks as Greek hopes rise
23rd Jun 2015 12:05
Better-than-expected economic data and improving optimism surrounding Greece strengthened stock markets on Tuesday morning, with sentiment also lifted by a raft of broker upgrades. The FTSE 100 was trading 0.25% higher at 6,842.53 by midday with Sports Direct, Smith & Nephew, Johnson Matthey, Diageo
Read moreNomura upgrades Diageo to 'buy'
23rd Jun 2015 09:42
Nomura upgraded Diageo to 'buy' from 'neutral' and raised the target price to 2,180p from 1,930p. "Following recent meetings with the company, we are more confident that the 'bad news flow' for the company is abating and that a recovery in growth should become visible in full-year 2016," said Nomura
Read moreTuesday broker round-up
23rd Jun 2015 08:03
Acacia Mining: Morgan Stanley keeps at equalweight, raises target to 285p from 251p. BHP Billiton: Morgan Stanley stays at equalweight and lifts target to 1,250p from1,150p. Anglo American: Morgan Stanley reiterates underweight and lowers target to 850p from 920p. Antofagasta: Morgan Stanley still
Read moreLondon close: FTSE 100 drops to January lows on Greek uncertainty, traders await FOMC comments
17th Jun 2015 17:16
UK stocks fell for the fourth straight day on Wednesday with London's FTSE 100 finishing at its lowest level in five months as Greece continued to fight with creditors to secure a bailout deal. Investors were also showing caution ahead of the conclusion of a monetary policy meeting at the Federal Re
Read moreBroker tips: Easyjet, NMC Health, Diageo
15th Jun 2015 11:13
Shares in budget airline easyJet fell on Monday after RBC Capital Markets downgraded the stock to 'underperform' from 'outperform' and cut its price target to 1,500p from 2,000p, noting that its positive outlook for summer has proved incorrect. It said that easyJet's outlook metrics suggest a summer
Read moreRBC Capital upgrades Diageo to 'outperform' amid takeover rumours
15th Jun 2015 09:25
RBC Capital Markets lifted its forecast for British drinks business Diageo from 'underperform' to 'outperform' and raised the target price to 2,100p from 1,700p. RBC noted last week's rumours that private equity firm 3G Capital was eyeing up the business and said it doesn't matter whether the storie
Read moreTuesday tips round-up: SAB Miller, Diageo
9th Jun 2015 16:09
Reports that three Brazilian millionaires might be interested in making a bid for Diageo via their 3G investment vehicle may just be an attempt to force the hand of SAB Miller. Indeed, 3G holds a stake in AB InBev, over which 3G has influence. Then again, the report, although the sourcing was tenuou
Read moreDiageo upgraded to 'neutral' by Credit Suisse, but fundamentals still poor
9th Jun 2015 13:24
Credit Suisse upgraded Diageo to 'neutral' from 'underperform'. "With the shares having already gone below our target price (1,800p), and an increased speculative angle impacting the share price we raise our rating," it said, noting that fundamentals are still poor. Commenting on the weekend press
Read moreFTSE 100 movers: HSBC dips on cuts and closures, miners lower
9th Jun 2015 13:17
UK stocks were slightly lower on Tuesday, as fragile negotiations between Greece and its creditors weighed on investors' risk appetites. Sector-wise, industrial metals, oil and telecommunications stocks provided the biggest drag. As of 14:30 BST, the FTSE 100 was trading 0.16% lower at 6,779. HSBC
Read moreTuesday broker round-up
9th Jun 2015 07:52
Reed Elsevier: Barclays ups target price to 1,225p and lifts recommendation to overweight from equal-weight. HSBC Holdings: Investec reiterates hold and 620p target. Bernstein keeps target price at 650p. Goldman Sachs places estimates under review. Credit Suisse reiterates underperform and 580p targ
Read moreFTSE 100 movers: Diageo surges on bid speculation, miners lower
8th Jun 2015 13:49
UK stocks were trading slightly higher on Monday, led by strength in the telecommunications, construction and transport sectors. As of 15:15 BST, the FTSE 100 was trading 0.17% higher at 8,816. Diageo led the risers following media reports of bid interest over the weekend. 3G Capital, which is owne
Read moreDiageo upgraded to 'neutral' by JPMorgan Cazenove
8th Jun 2015 10:11
JPMorgan Cazenove upgraded Diageo to 'neutral' from 'underweight' and raised the target price to 1,900p from 1,700p, noting that the stock is down 4% year-to-date versus the European beverages sector up 10%. The upgrade coincides with press reports over the weekend suggesting that 3G Capital is mull
Read moreLondon open: Greek worries continue to weigh on stocks
8th Jun 2015 08:56
UK shares started the morning lower amid continuing uncertainty around Greece's future and on the heels of mixed foreign trade numbers overnight from China. As of 09:05 the Footsie was lower by 5.55 points to 6,799.02. Over the weekend, Greek Prime Minister Alexis Tsipras faced accusations from the
Read moreDiageo shares rally on takeover talks
8th Jun 2015 08:25
Diageo rallied 7% on Monday following media reports of bid interest over the weekend. 3G Capital, which is owned by Brazilian billionaire Jorge Paulo Lemann, is reportedly considering a takeover bid for the company. Citigroup said that although it's difficult to say whether the media reports are c
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