London midday: Markets in the red with BoE, Fed in focus
20th Nov 2013 11:33
- BoE voted unanimously on policy at last meeting - MPC attempts to play down rate-hike fears - Taper in focus ahead of FOMC minutes techMARK 2,627.20 -0.64% FTSE 100 6,670.70 -0.41% FTSE 250 15,181.39 -0.55% UK markets were trading in the red on Wednesday after the Bank of England expressed conce
Read moreBroker snap: Diageo positioning for 'significant' growth, says Numis
20th Nov 2013 11:06
Numis Securities has held on to its 'add' rating for Diageo following the company's Investor Day this week at which it reiterated its commitment to delivering on medium-term growth guidance. The drinks company maintained the forecasts first issued in August 2011 for: average annual organic top-line
Read moreWednesday broker round-up UPDATE
20th Nov 2013 08:46
Afren: Liberum Capital raises target price from 197p to 232p and maintains a buy recommendation. AstraZeneca: Berenberg cuts target price from 3472p to 3430p reiterating a hold recommendation. AVEVA Group: Liberum Capital reduces target price from 2350p to 2250p and keeps its hold recommendation.
Read moreLondon open: Investors turn cautious ahead of FOMC minutes
20th Nov 2013 08:19
- Bernanke comments in focus ahead of FOMC minutes - Telecom Plus buys back businesses from Npower - Diageo CEO warns of 'uncertain' global economy techMARK 2,637.85 -0.24% FTSE 100 6,687.39 -0.16% FTSE 250 15,243.72 -0.14% UK stocks declined on Wednesday as investors adopted a cautious approach a
Read moreFriday broker round-up UPDATE
15th Nov 2013 07:38
Amlin: Berenberg raises target price from 398p to 434p, but still recommends selling. Barclays cuts target price from 481p to 453p and retains an overweight rating. Antofagasta: Numis raises target price from 750p to 850p and reiterates a hold recommendation. AstraZeneca: Liberum Capital upgrades
Read moreTuesday broker round-up UPDATE
22nd Oct 2013 08:02
Aggreko: JP Morgan reduces target price from 1800p to 1620p reiterating a neutral rating. Alexander Mining: Northland Capital shifts target price from 6p to 8.10p and keeps a buy recommendation. APR Energy: JP Morgan increases target price from 1075p to 1150p and maintains an overweight rating. B
Read moreFriday broker round-up UPDATE
18th Oct 2013 11:47
Aggreko: Jefferies reduces target price from 2000p to 1500p downgrading to hold. Andor Technology: Investec ups target price from 410p to 460p and maintains a buy recommendation. APR Energy: Jefferies ups target price from 1125p to 1300p and upgrades to buy. Bellway: UBS raises target price from
Read moreLondon close: Stocks edge higher after late rally
17th Oct 2013 17:00
UK stocks erased losses on Thursday afternoon, finishing in positive territory for the sixth straight session, though the market gave a rather lacklustre reaction to the last-minute US deal to avert a debt default. Alastair McCaig, Market Analyst at IG, said: "Having jumped out the way of one oncom
Read moreSector movers: Beverage stocks rise as investors toast company results
17th Oct 2013 15:34
Well-received updates from rivals SABMiller, Diageo and Britvic gave the beverages sector a boost on Thursday. Brewing giant SABMiller, which owns several beer brands including Coors and Miller, was up 3.67% at 3,151.5p in afternoon trade after saying that strong volume growth at its African busine
Read moreFTSE 100 movers: BSkyB shares jump on strong revenues
17th Oct 2013 15:31
Satellite television and broadband group BSkyB surged after recording a strong rise in first-quarter revenues helped by an increase of 800,000 paid-for subscription products. However, profits were down after a step-up in Premier League costs. Brewing giant SABMiller gained after saying its first-ha
Read moreLondon midday: Markets retreat from four-week high on US concerns
17th Oct 2013 11:33
UK markets pulled back from a four-week high on Thursday as investors gave a mixed reaction to an 11th-hour deal on Capitol Hill to increase the debt ceiling and reopen the US government. Nevertheless, losses were trimmed by midday after UK retail sales rose by a better-than-expected 0.6% in Septem
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreLondon open: Markets underwhelmed by last-minute US deal
17th Oct 2013 08:37
Stocks slumped on Thursday morning as investors digested a last-minute deal in the States for a short-term increase in the debt ceiling to avert a default and reopen the government. Markets across Europe were registering moderate declines in early trading, with London's FTSE 100 pulling back from a
Read moreDiageo points out EM headwinds in first quarter
17th Oct 2013 07:38
- US spirits drives Q1 sales growth - Exchange rates to dent full-year profits - Emerging-market growth weakens Diageo, the drinks company behind Guinness stout and Smirnoff vodka, said that trading in the fiscal first quarter was resilient as strong growth in US spirits offset slowing growth in so
Read moreTuesday newspaper round-up: Debt ceiling, Chinese banks, small business
15th Oct 2013 07:18
Senate leaders were late on Monday closing in on a deal to reopen the federal government and avert a potentially catastrophic default on US borrowings. The deal, which has yet to be finalised, would raise the debt ceiling until early February, reopen the government until January and include a mechan
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