FTSE 100 movers: Tesco marked down by analysts
26th Feb 2014 14:35
Engineering solutions provider Weir soared to the top of the risers today after it posted an in-line set of full-year results, as a positive performance by the Minerals division helped to offset an otherwise "challenging" year for the group. Looking ahead, the company believes it will return to unde
Read moreWednesday broker round-up UPDATE
26th Feb 2014 08:54
Anglo Pacific: FinnCap cuts target price from 279p to 216p, downgrades to hold. Ashmore Group: UBS reduces target price from 405p to 355p, while leaving its buy recommendation unchanged. Jefferies cuts target price from 475p to 375p, while its buy recommendation is kept. Barclays lowers target pric
Read moreLondon open: FTSE in the red ahead of GDP data, ITV sinks
26th Feb 2014 08:27
- Stocks start lower, ITV falls despite strong results - German consumer confidence surprises on the upside - Weir, miners lead the gains techMARK 2,900.00 -0.11% FTSE 100 6,811.55 -0.28% FTSE 250 16,459.53 -0.41% UK stocks started today's session in negative territory, weighed by ex-dividends, a
Read moreLondon close: Miners drag FTSE into the red on concerns over China
25th Feb 2014 17:09
- Miners drag FTSE into red - Feb US consumer confidence falls - EU expects mild euro area recovery techMARK 2,903.08 -0.49% FTSE 100 6,830.50 -0.52% FTSE 250 16,527.88 -0.07% Stocks eased back from some of the session's earlier losses, but still ended the day on a downbeat note as miners weighed
Read moreFTSE 100 movers: CRH soars on 2014 outlook
25th Feb 2014 14:58
CRH climbed to the top of the leaderboard as it looked ahead to 2014, predicting it would be a year of profit growth. The gains came despite poor results in 2013, for which it blamed severe winter conditions and weaker trading in Europe. Comments from broker Jefferies, giving the stock a 'buy' ratin
Read moreSector movers: Construction stocks led higher by CRH
25th Feb 2014 14:29
Construction and material stocks were led higher by CRH after the Irish building material supplier said it expects modest growth in 2014. The company reported a drop in 2013 profits but sees an improvement this year as overall construction activity in Ireland is anticipated to pick up. "We expect
Read moreInvestec says GKN results 'solid'; recommendation under review
25th Feb 2014 12:40
Full-year results at auto parts maker GKN were "reassuringly solid", according to Investec, which has placed its recommendation under review. It said GKN's 2014 guidance looked "broadly consistent with where our forecasts are positioned, although there are headwinds including foreign exchange and d
Read moreN+1Singer highlights tough defence outlook after GKN warning
25th Feb 2014 11:04
A trader at N+1Singer highlighted more bad news in defence after engineer GKN said demand for military aerospace kit was likely to keep falling. GKN said military spending remained under pressure, largely driven by cutbacks throughout the USA and Europe, with the ramp-up of new programmes being del
Read moreTuesday broker round-up UPDATE
25th Feb 2014 08:40
African Barrick Gold: Canaccord Genuity raises target price from 205p to 315p and upgrades from hold to buy. Ashmore Group: Canaccord Genuity takes target price from 205p to 315p and downgrades from buy to hold. Associated British Foods: Jefferies increases target price from 2450p to 2600p retaini
Read moreLondon open: Sentiment hit by concerns about China
25th Feb 2014 08:39
- FTSE falls more than expected - China woes knock sentiment - German Q4 GDP as forecast techMARK 2,903.17 -0.49% FTSE 100 6,832.37 -0.49% FTSE 250 16,471.23 -0.41% The FTSE suffered a bigger-than-predicted decline in opening trade this morning, dragged by a poor performance on the Chinese stock m
Read moreLondon pre-open: Stocks to slide lower ahead of European data
25th Feb 2014 07:20
- FTSE to open 14 points lower - Focus on German Q4 GDP - Persimmon posts strong 2013 revenue UK stocks look set to largely ignore gains seen in both Asia and the US overnight to start the day's session in the red, as traders await data out from Germany and the European Commission. City sources pr
Read moreStrong automotive demand drives GKN annual profits higher
25th Feb 2014 07:00
Strong demand for car parts has driven annual sales and underlying profits higher at engineering group GKN, helping to offset a decline in the military aerospace market. GKN said a recovery in the North American automotive market and stronger than expected car and van production in China fuelled st
Read moreTuesday preview: Persimmon, CRH and GKN report full-year results
24th Feb 2014 14:51
Persimmon, CRH and GKN will be among the FTSE 350 companies out with annual results on Tuesday. Housebuilder Persimmon indicated in its January interims that it will post 16% volume growth, a 4% increase in the average sales price. Numis predicts earnings before interest and tax (EBIT) margins wi
Read moreFTSE 100 movers: Vodafone, Smith & Nephew rise as results beat forecasts
6th Feb 2014 12:51
Telecoms giant Vodafone gained on Thursday after third-quarter revenue declined by a less-than-expected 3.6 per cent. Chief Executive Vittorio Colao also said he was optimistic that sales trends would begin to improve. Medical equipment manufacturer Smith & Nephew also beat analysts' forecasts as i
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
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