London 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 moreBroker snap: Credit Suisse ups Domino´s Pizza to 'outperform'
31st Jan 2014 11:03
Shares of Domino´s Pizza were substantially undervalued versus its peers using the traditional metrics of fundamental analysis. That was the conclusion of the 'number crunchers' over at Credit Suisse, according to research distributed to clients on Friday. They began by explaining to them how the
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 moreDomino's Pizza appoints interim CEO
31st Jan 2014 08:01
Domino's Pizza Group said Senior Non-Executive Director David Wild will be acting as Chief Executive until a replacement for Lance Batchelor is found. Batchelor is stepping down as Chief Executive on March 16th and will work alongside Wild in handing over to a new successor. Wild will temporarily
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
Read moreFTSE 250 movers: Aveva lifted by UBS upgrade
8th Jan 2014 16:04
Aveva climbed strongly after UBS upgraded the software company from neutral to buy. It said it was "impressed with the performance in the core engineering and design business in the first half", and while doubtless cautious about other aspects of the group, UBS believes project lifecycles are long
Read moreBroker tips: Sainsbury, Burberry, Domino's, Air Partner
8th Jan 2014 12:08
Panmure Gordon has maintained its 'hold' rating for Sainsbury despite the supermarket group beating consensus forecasts with its third-quarter results. The stock trades at 11.3 times earnings and offers a 4.7% dividend yield which the broker admits isn't particularly demanding. "It is our favourite
Read moreBroker snap: Canaccord upgrades Domino's, but concerns remain
8th Jan 2014 10:35
Canaccord Genuity has lifted its recommendation for pizza delivery chain Domino's Pizza from 'sell' to 'hold' after a stronger sales performance in the fourth quarter. The target price for the stock has been raised from 480p to 500p. However, analyst Wayne Brown still voiced some concerns with the
Read moreDomino's Pizza says profits in line after tasty fourth quarter
8th Jan 2014 07:32
- FY profit in line with consensus - UK profits ahead but German losses weigh - New CEO recruitment process under way But for losses from its German arm, Domino's Pizza would have beaten analyst profit forecasts last year, which finished with an improved fourth quarter. In the UK, sales rose 12.2
Read moreMonday broker round-up UPDATE
9th Dec 2013 08:31
Alternative Networks: FinnCap takes target price from 390p to 430p and retains a buy recommendation. Investec ups target price from 390p to 440p maintaining a buy recommendation. Anite: Panmure Gordon shifts target price from 142p to 143p and keeps a buy recommendation. Canaccord Genuity upgrades f
Read moreLondon close: Stocks surge as strong US data offsets taper fears
6th Dec 2013 16:55
- FTSE 100 rebounds strongly on US jobs beat - Taper expectations brought forward - Oil, housing stocks provide a lift techMARK 2,670.64 +0.85% FTSE 100 6,551.99 +0.83% FTSE 250 15,317.05 +1.05% After falling to an eight-week low the previous session, the FTSE 100 rallied on Friday after a much be
Read moreFTSE 250 movers: Berkeley lifts housebuilders higher after strong results and guidance
6th Dec 2013 15:29
Housebuilder Berkeley Group surged on Friday after reporting a 19.2 per cent jump in first-half profits and saying that full-year earnings could come in at the top end of analysts' expectations due to an earlier-than-expected completion of one its housing schemes in London. The company said that th
Read moreBroker tips: AZ Electronics, Marks&Spencer, Domino´s
6th Dec 2013 12:52
AZ Electronics may on Thursday have agreed to be purchased by German outfit Merck KgaA. However, analysts at Numis believe the bid was unsolicited and unexpected. The purchase price represents a 53% premium to Wednesday´s closing price and is equivalent to a price-to-earnings multiple of 20.4 time
Read moreLondon midday: Markets bounce back ahead of US data
6th Dec 2013 11:31
- FTSE 100 rebounds from worst level in eight weeks - Oil, housing stocks provide a lift - Markets focus on non-farm payrolls ahead of Fed meeting techMARK 2,657.20 +0.34% FTSE 100 6,536.26 +0.58% FTSE 250 15,210.58 +0.35% Strong gains in oil and housing sectors were providing a lift in London on
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