Tuesday tips round-up: Greggs, Cohort
16th Dec 2014 11:40
The fortunes of Greggs seem to have taken a turn for the better. Its latest trading update was a positive surprise, it actually showed growth in like-for like sales accelerating to a 5.4% clip over the 11 weeks to 13 September. That comes after three profit warnings since the previous chief executiv
Read moreLondon close: Oil price slide fuels fall in equities as rouble tumbles
15th Dec 2014 16:45
Oil prices embarked on fresh falls on Monday, dragging the London market down with them. The price of a barrel of US light crude had dropped about 3.7% to $57.8 towards the end of the trading session while a barrel of Brent crude fell just under 3% to $61.85. The falls fueled a 117.91-point fall in
Read moreBroker tips: Weir Group, IAG, Greggs
15th Dec 2014 11:15
Even under the most bearish scenario, at current prices there is upside potential to engineering outfit Weir Group's share price, analysts at Deutsche Bank said in a note e-mailed to clients dated 12 December. The company has exposure to the drop in the oil price, given that it sells pressure pumps
Read moreLondon midday: Stocks steady ahead of US data
15th Dec 2014 11:15
UK stocks were holding higher ahead of a week full of potential risk events. Significantly, on Sunday Bloomberg reported that Libya was forced to declare "force majeure" at two of its ports, Es Sider and Ras Lanuf, which have a combined capacity to export 560,000 barrels of oil per day. Somewhat ir
Read moreBrokers set to boost forecasts for Greggs after positive update
15th Dec 2014 09:06
Liberum Capital and Shore Capital are reviewing their forecasts for Greggs after the bakery chain forecast annual profits above market hopes. Greggs said on Monday that full-year profit in the 53 weeks to 3 January should be ahead of analysts' expectations after it benefited from milder weather, sho
Read moreLondon open: Stocks bounce back with oil after Libyan port closures
15th Dec 2014 08:19
After an initial drop the FTSE 100 Index recovered to trade slightly in the black, led by oil companies' shares. Over the weekend the United Arab Emirates' energy minister, Suhail Al-Mazrouei, said the Organisation for Petroleum Exporting Countries (OPEC) would be willing to withstand a drop in the
Read moreGreggs set to serve up better than-expected FY profits
15th Dec 2014 07:24
Good weather has helped baker Greggs to predict annual profits ahead of hopes. Greggs said favourable trading with "generally helpful" weather enabled it to increase own shop like-for-like sales by 5.2% in the 24 weeks to 13 December. Year-to-date own shop like-for-like sales rose 4.2% against a 1.
Read moreSector movers: Grocery stocks tank after yet another profit warning from Tesco
9th Dec 2014 15:20
Another profit warning from Tesco shattered already-fragile sentiment in the supermarket sector on Tuesday with grocery stocks falling sharply. Tesco's shares were down 7.4% at 173.4p in afternoon trade, having dropped as much as 16% early on, after the retail giant surprised the market with an unsc
Read moreGreggs sees jump in like-for-like sales following store refits, closures
15th Sep 2014 08:18
Bakery and fast-food retailer Greggs reported a slight acceleration in year-to-date sales to a 3.5% clip, as like-for-like sales registered a strong rebound. Like-for-like sales rebounded by 5.4% during the 11 weeks ended on 13 September, versus a 1% fall in the same period of the year before, as to
Read moreSector movers: Tesco, Morrison lead supermarket stocks lower
4th Sep 2014 15:16
Supermarket stocks were under pressure on Thursday, continuing their recent choppy trade amid ongoing concerns about heightened competition, declining profits, dividend sustainability and a critical government into the industry. The Elliott Report, an inquiry into the industry launched as a result
Read moreGreggs H1 profits warm up on new products and shop refits - UPDATE
30th Jul 2014 08:12
New products and shop refits heated up half-year profits at British high street baker Greggs, but it warned of tougher trading later in the year. Greggs said a rise in pre-tax profit in the 26 weeks to June 28th to £16.9m from £11.4m a year ago should be taken in the context of a period of weak tra
Read moreSector movers: Food retailers rebound after recent falls, Tesco rises
14th Jul 2014 15:22
Bargain-hunting was benefiting the food and drug retail sector on Monday as supermarket stocks recovered after suffering some heavy falls last week. A strong rebound across the wider market was experienced today with the FTSE 100 rising 1% after dropping 2.6% last week on concerns over Portugal's b
Read moreLondon pre-open: Chinese PMI to give FTSE lift early on
1st Jul 2014 07:40
Buoyed by a positive set of Chinese manufacturing figures out overnight, London stocks are set to register decent gains this morning. City sources predict the FTSE 100 will open around 17 points above yesterday's close of 6,743.94. Wall Street finished yesterday on a mixed note, matching the pic
Read moreGreggs sees higher H1 profits after good trading
1st Jul 2014 07:38
Bakery chain Greggs served up higher sales in the first half as new products attracted customers, helping it to forecast better interim profits than last year. Innovations such as revamped pizzas and pasties and new-style cakes drove a 3.2% rise in like-for-like sales in the 26 weeks to June 28th,
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
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