Broker tips: BT, Diageo, Shell...
31st Jan 2014 12:08
Broker Hargreaves Lansdown said BT was 'firing on all cylinders' after the telecoms company forecast annual earnings at the top end of expectations. The broker's Richard Hunter said broadband demand, a strong performance outside the UK and BT's new sport channels had combined to produce "an impress
Read moreLondon midday: Stocks sink after surprise dip in Eurozone inflation
31st Jan 2014 11:35
- BT lifts earnings outlook for full year - Eurozone CPI raises deflation risks - German retail sales fall - FTSE 100 down three per cent on the week techMARK 2,759.01 -0.77% FTSE 100 6,463.74 -1.14% FTSE 250 15,621.08 -0.51% After a subdued start, UK markets sank sharply into the red on Friday mo
Read moreFriday broker round-up UPDATE
31st Jan 2014 09:43
Aberdeen Asset Management: Berenberg cuts target price from 555p to 530p staying with its buy recommendation. Amlin: Canaccord Genuity moves target price from 420p to 430p reiterating a hold recommendation. ARM Holdings: Credit Suisse cuts target price from 1150p to 1100p and reiterates an outperf
Read moreLondon open: Markets lower ahead of Eurozone CPI, BT gains
31st Jan 2014 08:56
- BT lifts earnings outlook for full year - German retail sales fall, Eurozone CPI ahead - FTSE 100 down two per cent on the week techMARK 2,777.63 -0.10% FTSE 100 6,519.07 -0.30% FTSE 250 15,723.63 +0.14% UK markets were in the red for a third straight day on Friday despite strong gains for heavy
Read moreBroker snap: Goldman downgrades Diageo on EM slowdown
31st Jan 2014 08:56
Diageo's share price was under continued selling pressure on Friday with Goldman Sachs removing the stock from its 'conviction buy' list after a weak first half underwhelmed investors the day before. The bank downgraded the Guinness and Smirnoff maker to 'neutral', saying that the shares are now "f
Read moreLondon close: Diageo leads markets lower after choppy session
30th Jan 2014 17:00
- Diageo slumps after H1 miss, BSkyB jumps - Economic data comes in mixed - Fed cuts monthly asset purchases by 10bn dollars - Emerging-market volatility continues to weigh on sentiment techMARK 2,780.43 +0.45% FTSE 100 6,538.45 -0.09% FTSE 250 15,701.80 +0.09% UK markets finished slightly lower o
Read moreSector movers: Diageo drags beverage stocks lower on emerging-market concerns
30th Jan 2014 15:26
Drinks manufacturer Diageo was dragging the beverage sector into the red on Thursday as investors reacted negatively to the company's first-half results which missed analysts' expectations. The company, famous for its Johnnie Walker and Guinness brands, reported a 3% fall in volumes in the first ha
Read moreFTSE 100 movers: BSkyB jumps on strong H1 revenue
30th Jan 2014 14:15
Satellite broadcaster BSkyB was in the lead after an eight per cent rise in revenue in the first half, helped by strong growth in paid-for subscription products. The group said revenue in the six months to December 31st rose to £3.75bn as sales of paid-for subscription products rose 42% during the
Read moreBroker tips: Diageo, Sainsbury, Wood Group
30th Jan 2014 12:20
Canaccord Genuity has cut its target price for drinks group Diageo from 1,900p to 1,835p and kept a 'hold' rating, recommending investors to take a cautious view on near-term forecasts after a disappointing first-half report. "While those with a long term horizon may be sanguine about the organic s
Read moreLondon midday: Stocks hold on to losses as investors weigh Fed, data
30th Jan 2014 11:20
- FTSE 100 at lowest since December 18th - Fed continues to taper, cuts bond purchases by 10bn dollars - Chinese PMI confirms manufacturing contraction - Updates from blue chips come in mixed techMARK 2,760.98 -0.25% FTSE 100 6,524.90 -0.30% FTSE 250 15,650.01 -0.24% The Federal Reserve's decision
Read moreBroker snap: Canaccord cuts Diageo target after H1 miss
30th Jan 2014 10:28
Canaccord Genuity has cut its target price for drinks group Diageo from 1,900p to 1,835p and kept a 'hold' rating, recommending investors to take a cautious view on near-term forecasts after a disappointing first-half report. The company, famous for its Johnnie Walker and Guinness brands, reported
Read moreDiageo press conference - LIVE
30th Jan 2014 10:01
Press conference begins. 1200: Diageo Chief Executive Ivan Menezes says lower income consumers have been affected by economic uncertainty and that has particularly affected Smirnoff vodka sales. Diageo is planning a new marketing drive to strengthen the brand. 1210 Menezes: "Overall we remain caut
Read moreThursday broker round-up UPDATE
30th Jan 2014 09:06
Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan
Read moreLondon open: Stocks fall after Fed as investors await data-heavy session
30th Jan 2014 08:26
- FTSE 100 at lowest since December 18th - Fed continues to taper, cuts bond purchases by 10bn dollars - Chinese PMI confirms manufacturing contraction - Barrage of data out elsewhere techMARK 2,761.89 -0.22% FTSE 100 6,518.96 -0.39% FTSE 250 15,677.69 -0.07% UK equities got off to a poor start on
Read moreDiageo hit by emerging market weakness in H1 - UPDATE
30th Jan 2014 07:49
Johnnie Walker whisky and Smirnoff vodka group Diageo took a hit from weakness in emerging markets as it revealed a 1.8 per cent rise in global first half sales and plans to save 200m pounds a year by 2017. Diageo, which also makes Guinness, Ciroc and Bell's whisky, said sales in emerging markets c
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