Friday 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
Read moreStock Spirits says Polish tax hike to hit 2014 profits
28th Jan 2014 08:09
A hike in tax on strong alcohol in Poland is set to cut 2014 sales and profits at Central and Eastern European spirits producer Stock Spirits. Stock, which sells Keglevich Dry vodka, Tullamore D.E.W. Irish whiskey and Napoleon Ambassador brandy, said the 15% increase that came in on January 1st wou
Read moreTuesday broker round-up UPDATE
21st Jan 2014 08:17
BG Group: Credit Suisse ups target price from 1170p to 1200p, while leaving its underperform rating unchanged. BHP Billiton: UBS lowers target price from 2090p to 2060p, while its buy recommendation is kept. Diageo: UBS cuts target price from 2050p to 2000p maintaining a neutral rating. DP World
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