Broker tips: Pub groups, Aviva, Debenhams
22nd Oct 2009 12:26
The decision by the Office of Fair Trading (OFT) not to investigate the beer tie which forces pub tenants to buy their beer from their landlords has prompted a surge in the share prices of the pub groups, and this presents a good opportunity to reduce exposure to cash-strapped Enterprise Inns, Charl
Read moreLondon midday: Footsie off worst but still lower
22nd Oct 2009 12:12
Footsie is off its worst but is still showing hefty falls as miners and insurers lead the market lower. Platinum miner Lonmin has again unsettled the mining sector as it saw a 20% decline in production of the precious metal in the fourth quarter after having to shut down mines for safety reasons an
Read moreBroker snap: Enterprise still a sell, despite OFT verdict
22nd Oct 2009 11:44
The decision by the Office of Fair Trading (OFT) not to investigate the beer tie which forces pub tenants to buy their beer from their landlords has prompted a surge in the share prices of the pub groups, and this presents a good opportunity to reduce exposure to cash-strapped Enterprise Inns, Charl
Read moreLondon close: Footsie dips into the red
23rd Sep 2009 17:05
A late swoon saw London's blue-chip index give up the gains of the morning to close marginally lower on the day, as investors banked profits ahead of the Federal Reserve's decision this evening on US interest rates and its quantitative easing (QE) programme. The morning's gains had been achieved on
Read moreLondon afternoon: Footsie nears intra-day high
23rd Sep 2009 14:01
The market's climb regained momentum over the lunchtime session. Investors have been put in the mood to buy by the prospect of the Bank of England increasing its quantitative easing programme some time in the future. The minutes to the most recent meeting of the Bank of England's Monetary Policy co
Read moreFTSE 250 movers: Cool reception for Yell cash call plans
23rd Sep 2009 12:07
Directories group Yell is one of a handful of companies announcing its intention to raise cash from shareholders today and the market is unimpressed. The Yellow Pages publisher's shares are down 11% after it said it is mulling a £500m share issue to repay debt and strengthen the group's capital stru
Read moreLondon midday: Market rises despite cash calls
23rd Sep 2009 11:55
The market is off the top but still in positive territory, despite a flood of fund raising announcements this morning. Property group Liberty International shares have been hit by a placing today of up to 56.1m new shares, increasing its shares in issue by just under 10%. The fund raising comes l
Read moreBroker tips: Pub groups, Barratt, Atkins
23rd Sep 2009 11:03
Swiss bank UBS has called time on a gaggle of big pub groups, claiming the share prices have risen too far on a heady cocktail of improving consumer sentiment, England's qualification for the World Cup and changes to the rules on pub gaming machine stakes and prizes. UBS reckons the share prices of
Read moreBroker snap: UBS swears off pub groups
23rd Sep 2009 10:49
Swiss bank UBS has called time on a gaggle of big pub groups, claiming the share prices have risen too far on a heady cocktail of improving consumer sentiment, England's qualification for the World Cup and changes to the rules on pub gaming machine stakes and prizes. UBS reckons the share prices of
Read moreWednesday tips round-up: Lloyds Banking, Randgold, Peter Hambro
9th Sep 2009 06:35
Lloyds Banking shares' recent froth has been driven by the company's bold prediction that bad debts have peaked and hopes that it may be able to renegotiate terms of entry into the government's asset guarantee scheme. It may be that Lloyds Banking is the recovery play of the new century. There are
Read moreLondon close: Footsie clings on to gains
8th Sep 2009 17:01
Leading London shares closed mixed, with strong gains on resource stocks counter-balanced by losses on life assurance stocks. Kazakhmys, Antofagasta, Rio Tinto, Xstrata and Vedanta Resources led the mining sector higher, as metal prices improved. Gold miners Fresnillo and Randgold Resources were
Read moreLondon afternoon: Holiday stocks take flight
8th Sep 2009 13:56
After opening brightly London's leading shares have been treading water since the middle of the morning. Kazakhmys, Antofagasta, Rio Tinto, Xstrata and Vedanta Resources lead the mining sector higher, as metal prices improve. Gold miner Randgold Resources is wanted after the price of gold bullio
Read moreBroker tips: Diageo, SABMiller, Greene King, RPS
8th Sep 2009 12:30
The Kraft bid for confectionery company Cadbury has prompted a bout of bid speculation in the market with Nomura suggesting that another British company with a long and storied history, Guinness owner Diageo, could get in on the act. While Kraft has extolled the virtues of economies of scale for t
Read moreLondon midday: Gold shines to push Footsie higher
8th Sep 2009 11:56
Gold pushing through the $1,000 per ounce mark has helped Footsie post decent gains in the morning session with miners generally in demand again. Kazakhmys, Antofagasta, Rio Tinto, Anglo American, Xstrata, Randgold Resources and Vedanta Resources lead the mining sector higher. It is third time that
Read moreBroker snap: Brokers retain taste for Greene King
8th Sep 2009 10:11
Greene King is worth holding for the dividend yield but no longer worth buying for short term share price appreciation, reckons broker KBC Peel Hunt, after Britain's largest regional brewer issued a trading update on Tuesday morning. KBC has downgraded the stock from 'buy' to hold' while retaining
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