London open: Markets fall as Fresnillo leads miners lower
6th Aug 2013 09:10
Weakness in the mining sector saw the FTSE 100 fall into the red for the third straight day on Tuesday after some disappointing results from precious metals miner Fresnillo. Asian markets had a mixed session overnight as traders reacted an interest-rate cut in Australia. The Reserve Bank of Austral
Read moreProfit slips at Greggs
6th Aug 2013 07:43
Bakery chain Greggs reported a fall in profits and sales as it pledged to reshape the business over the next two to three years. The Leeds-based chain said like-for-like sales (LFL), which exclude new outlets, fell 2.9% in the first half of 2013, as cold weather at the start of the year put off pot
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreSector movers: Tesco drags retailers lower after poor Q1 update
5th Jun 2013 15:11
Food and drug retailers were the worst performers of the day on Wednesday after a disappointing trading update from supermarket titan Tesco weighed on sentiment. Headline group sales (excluding petrol) in the first quarter grew 2.7% at the FTSE 100 group, but were flat at constant currency rates an
Read moreMonday broker round-up UPDATE
13th May 2013 07:18
Bioquell: Investec shifts target price from 136p to 141p and keeps a hold recommendation. blinkx: Canaccord Genuity moves target price from 125p to 135p reiterating its buy recommendation. Britvic: Panmure Gordon increases target price from 380p to 460p and retains a hold recommendation. BT Group
Read moreGreggs Chairman shows faith after reporting reduced footfall
2nd May 2013 16:14
The Chairman of Greggs, the FTSE 250 baking group, on Thursday purchased 2,500 shares just a few days after the company warned investors profits are likely to come in at the lower end of the range of market expectations. Derek Netherton's £10,000 purchase saw him buy the shares at 399.9p each, and
Read moreTuesday broker round-up UPDATE
30th Apr 2013 08:20
Aberdeeen Asset Management: Morgan Stanley raises target price from 478p to 548p retaining an overweight rating. Bank of America ups target price from 455p to 475p and leaves its neutral rating unchanged. JP Morgan increases target price from 532p to 573p and maintains an overweight rating. Citigrou
Read moreLondon close: Aberdeen leads markets to strong finish
29th Apr 2013 16:58
A combination of political developments in the Eurozone, positive US data and optimism about central-bank stimulus lifted markets higher on Monday as stocks extended gains following a strong showing last week. Markets across Europe started today's session strongly after Italy formed a new coalition
Read moreFTSE 250 movers: Balfour Beatty plunges on profit warning
29th Apr 2013 14:45
Balfour Beatty, the infrastructure firm, was the heaviest faller after saying that its UK construction business is expected to deliver "significantly lower profits" from operations in 2013 than its previous expectations. High Street bakery chain Greggs was also declining sharply after saying that
Read moreLondon midday: Footsie flat after recent strong run
29th Apr 2013 12:01
The FTSE 100 had pared gains by Monday lunchtime, pausing for breath after a strong surge last week on anticipation of a potential rate cut from the European Central Bank (ECB) in a few days' time. Recent disappointing economic figures from the Eurozone have sparked hopes that the ECB will move to
Read moreBroker tips: Miners, BT, Greggs
29th Apr 2013 11:17
Nomura has kept its cautious view on the European mining sector but has highlighted BHP Billiton and Rio Tinto as its top picks and upgraded its rating for ENRC and Anglo American from 'reduce' to 'neutral'. Nomura reckons that BHP Billiton, rated 'buy' at a price target of 2,400p, has a high-quali
Read moreBroker snap: Panmure cuts forecasts for Greggs after profit warning
29th Apr 2013 09:52
Panmure Gordon has cut its estimates for High Street bakery chain Greggs following a profit warning on Monday, but has maintained its 'buy' rating for the stock. Greggs said that total sales in the 17 weeks to April 27th were up 3.0%, but like-for-like sales were down by 4.4% due to poor weather in
Read moreLondon open: Stocks rise as Italy forms coalition government
29th Apr 2013 08:20
UK stock markets opened with decent gains on Monday morning after the weekend saw Italy form a new government, removing some of the political uncertainty that has dampened sentiment over the last few months. The formation brings together Prime Minister-designate Enrico Letta's Democratic Party and
Read moreMonday broker round-up UPDATE
29th Apr 2013 08:17
Afren: Liberum Capital shifts target price from 130p to 136p and maintains a hold recommendation. AngloAmerican: Nomura upgrades from reduce to neutral with a target price of 1700p. Antofagasta: Nomura cuts target price from 1250p to 1200p, while its neutral rating remains unchanged. Investec redu
Read moreGreggs sees full year slightly below market view
29th Apr 2013 07:29
UK baker Greggs said based on current like-for-like (LFL) trading at its own shops it believes that profits for the year are likely to be slightly below the lower end of the range of market expectations. Total sales for the 17 weeks to April 27th 2013 grew by 3.0%, driven by its new shop opening pr
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