London close: Stocks extend gains on quiet day
21st Jan 2013 16:36
With Wall Street closed for Martin Luther King Day on Monday, the UK stock market took advantage of low volumes to push London's benchmark index close to levels not seen in five years. "European stock markets benefitted from the lack of news, earnings and economic data released today with the major
Read moreSector movers: SABMiller, Diageo weigh on beverages sector
21st Jan 2013 15:07
Lager maker SABMiller was losing its fizz on Monday, dragging the UK beverages sector lower, a day ahead of its third-quarter trading update tomorrow. The company impressed the market with the release of its first-half results back in November and has seen its shares rise steadily over the festive
Read moreLondon midday: Markets edge higher on light volumes
21st Jan 2013 11:41
- Admiral leads Footsie higher - Wall Street closed for MLK Day - BoJ expected to announce stimulus; Eurogroup meet in Brussels Stock markets across Europe were making small gains on Monday morning with volumes said to be light in the absence of trading on Wall Street later on. "European equities
Read moreMonday broker round-up UPDATE
21st Jan 2013 07:02
Abbey Protection: Numis increases target price from 90p to 120p and upgrades to add. Admiral: Goldman Sachs upgrades to buy from neutral, raising its price target to 1500p from 1160p before. Aggreko: Bank of America lowers target price from 2700p to 1950p and downgrades to neutral. Anglo Americ
Read moreWednesday broker round-up UPDATE
16th Jan 2013 07:16
Anglo American: Goldman Sachs reduces target price from 1650p to 1500p and reiterates its sell recommendation. Antofagasta: Goldman Sachs ups target price from 1100p to 1120p and still recommends to sell. ARM Holdings: UBS increases target price from 750p to 900p, while downgrading to neutral. As
Read moreThursday broker round-up UPDATE
10th Jan 2013 07:10
Afren: Morgan Stanley takes target price from 215p to 220p and reiterates an overweight rating. Alent: Bank of America starts with a target price of 370p and a buy recommendation. Associated British Foods: Goldman Sachs moves its target price from 1160p to 1190p and maintains a sell rating. AVEVA
Read moreTuesday newspaper round-up: Diageo, British Gas, Banco de Valencia...
8th Jan 2013 07:00
Diageo's public offer to buy a stake in India's United Spirits is facing delays as it awaits regulatory approvals, it emerged yesterday. The drinks giant had agreed in November to pay 1.3 billion pounds for a 53.4 per cent stake in United Spirits under a two-stage process including a mandatory tende
Read moreDiageo delays tender offer, source says
7th Jan 2013 14:08
Shares in beverages giant Diageo dropped lower on Monday after reports that its mandatory share tender offer to acquire a further stake in Indian spirits group United Spirits has been delayed in the absence of regulatory approval from the relevant Indian authorities. According to Reuters, the repo
Read moreBroker tips: ITV, Diageo, Regus
21st Dec 2012 10:12
Panmure Gordon has said it foresees 'material upside' for terrestrial broadcaster ITV in the New Year, as it reiterated its 'buy' rating and 140p target price for the stock. The broker is anticipating a "very strong start" to the new financial year in terms of advertising growth. "We are well-know
Read moreBroker snap: Credit Suisse cuts forecasts for Diageo
21st Dec 2012 09:31
Credit Suisse has slashed its estimates for drinks giant and Guinness owner Diageo following the cancelled talks to acquire tequila group Jose Cuervo, but has retained its 'outperform' rating for the stock. "The termination of Diageo's negotiations with Jose Cuervo probably signals the end of their
Read moreBroker tips: Tullow, Diageo, Imagination Technologies
12th Dec 2012 12:35
Credit Suisse has downgraded its rating for oil giant Tullow from 'outperform' to 'neutral', saying that it may take some time for investor confidence to return. "While we admire TLW's ability to access acreage and its attractive exploration portfolio, where we see several 'big' opportunities to po
Read moreLondon midday: Stocks pull into the blue
12th Dec 2012 11:33
The FTSE 100 had pulled into positive territory by Wednesday lunchtime, extending its recent winning streak into its sixth day, but the mood was cautious ahead of the conclusion of the Federal Reserve policy meeting later today. The Federal Open Market Committee (FOMC) meeting is widely expected to
Read moreBroker snap: Nomura trims Diageo target after Cuervo deal dropped
12th Dec 2012 09:51
Nomura has cut its target price for drinks group Diageo following the cancelled talks with tequila maker Jose Cuervo, but has retained its 'buy' recommendation, saying that the deal was dropped for the right reasons. The company, which owns brands such as Johnnie Walker, Smirnoff and Guinness, reve
Read moreLondon open: Stocks flat ahead of Fed meeting
12th Dec 2012 08:23
The Footsie opened flat on Wednesday morning after hitting a nine-month high the day before, with investors showing caution ahead of the conclusion of the Federal Reserve policy meeting later today. The blue-chip index closed yesterday's session at 5,925, following five days of straight gains. The
Read moreWednesday broker round-up UPDATE
12th Dec 2012 07:25
AMEC: Credit Suisse reduces target price from 1300p to 1250p reiterating an outperform rating. Anglo American: Barclays upgrades to equal-weight with a target price of 1970p. Ashtead Group: Barclays raises target price from 352p to 434p and reiterates an overweight rating. ASOS: HSBC raises targe
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