FTSE 100 movers: Tesco leads after broker retains buy rating
3rd Oct 2013 14:59
In a research note issued this afternoon, analysts at Shore Capital have decided to retain their "buy" stance on shares of supermarket Tesco, despite the company's extremely poor results in Europe. What the broker most wants out of the firm are more cautious - and realistically achievable - foreca
Read moreSector movers: Miners track metals lower on US budget impasse
3rd Oct 2013 14:47
Continuing uncertainty surrounding US politics and falling metal prices weighed heavily on mining stocks on Thursday as investors shrugged off some improving economic data from China. The partial shutdown of the US government extended into its third straight day today as politicians continue to fai
Read moreLondon midday: Stocks edge higher as data offsets US shutdown
3rd Oct 2013 11:34
Markets were rangebound on Thursday as investors focused on mixed economic data as the US government shutdown extended into its third day. "With little contagion from across the pond, at least until markets open, European indices are a touch higher this morning aided and abetted by positive corpora
Read moreThursday broker round-up UPDATE
3rd Oct 2013 08:21
Alternative Networks: Westhouse Securities downgrades to neutral with a target price of 350p. ARM Holdings: Credit Suisse moves target price from 1030p to 1050p and reiterates an outperform rating. Burberry Group: JP Morgan raises target price from 1450p to 1550p reiterating a neutral rating. Car
Read moreBroker tips: Gold miners, Sainsbury, Domino's Pizza
2nd Oct 2013 12:13
Citigroup has downgraded its ratings for UK-listed precious metal miners Randgold Resources, Fresnillo and Polyus Gold, raising concerns over current pricing and valuations. In a research report on Wednesday, the US bank said: "We are bearish on gold and silver shares for two reasons: firstly, we a
Read moreLondon midday: ECB, political uncertainty in focus as stocks fall
2nd Oct 2013 11:27
The FTSE 100 suffered steep losses on Wednesday morning as buyers showed caution ahead of a policy decision in Europe, whilst political uncertainty in the US and Italy continues to erode risk appetite. The all-important European Central Bank (ECB) policy decision is due at 12:45 this afternoon, tho
Read moreBroker snap: Citi cuts ratings for Randgold, Fresnillo and Polyus
2nd Oct 2013 09:42
Citigroup has downgraded its ratings for UK-listed precious metal miners Randgold Resources, Fresnillo and Polyus Gold, raising concerns over current pricing and valuations. In a research report on Wednesday, the US bank said: "We are bearish on gold and silver shares for two reasons: firstly, we a
Read moreWednesday broker round-up UPDATE
2nd Oct 2013 08:02
Advanced Medical Solutions: N+1 Singer shifts target price from 84p to 90p and upgrades from sell to hold. Afren: Nomura lowers target price from 180p to 170p and retains a neutral rating. Aveva: Panmure Gordon raises target price from 2174p to 2374p and keeps a hold recommendation. Barclays: Soc
Read moreLondon close: Stocks finish flat as markets digest US shutdown, data
1st Oct 2013 16:25
Stocks in the UK finished broadly flat on Tuesday as investors gave a subdued reaction to the news of the first partial US government shutdown in 17 years. Indices across Europe and the States however edged higher today, with London's FTSE 100 bucking the trend given some sharp falls in the heavywe
Read moreFTSE 100 movers: easyJet climbs on Citigroup comments
1st Oct 2013 15:10
Budget airline easyJet was a high riser today after analysts at Citigroup said they expect full-year profits to be "near the upper-end of previous guidance". The company said in July that pre-tax profit would be between £450m to £480m; Citi's forecast is £474m. Shares in betting group William Hil
Read moreSector movers: Miners track metals lower after US shutdown
1st Oct 2013 15:06
Metals and mining stocks were falling sharply on Tuesday as a political stalemate in the US prompted a reduction in risk appetite. Meanwhile, falling commodity prices and gloomy comments on gold from ratings agency Fitch were also weighing on sentiment. The first partial government shutdown in 17
Read moreLondon close: Stocks at one-month low on looming US shutdown
30th Sep 2013 16:36
Stocks were firmly lower on Monday as risk appetite was reduced in the face of a looming partial shutdown of the US government after a weekend of no progress in Washington. Political instability in Italy also dampened the mood today as well as disappointing economic data from China, with falls in t
Read moreFTSE 100 movers: Miners weigh heavily after Chinese data disappoints
30th Sep 2013 14:19
Mining stocks declining sharply today on the back of the disappointing data from the world's top metals user, China. Fresnillo, Anglo American, Antofagasta, Glencore Xstrata and Rio Tinto were all falling sharply. China´s manufacturing sector purchasing managers´ index (PMI) for the month of Septe
Read moreLondon midday: Miners drag FTSE 100 to one-month low
30th Sep 2013 11:42
Concerns over a potential government shutdown in the US, political chaos in Italy and disappointing economic figures from China sparked steep falls on equity markets across Europe on Monday morning, with the FTSE 100 slipping to levels not seen in a month. The FTSE 100 was trading around 0.85% lowe
Read moreLondon open: US and Italian politics weigh on risk appetite
30th Sep 2013 08:44
Political uncertainty in the US and Italy along with disappointing economic figures from China weighed heavily on risk appetite on Monday morning with mining stocks bearing the brunt of the selling. The FTSE 100 opened around 0.8% lower at 6,458.29 in early trading; the last time it closed lower wa
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