Tuesday broker round-up UPDATE
26th Mar 2013 07:41
Abbey Protection: Numis downgrades to hold with its target price at 120p. Aberdeen Asset Management: Bank of America raises target price from 425p to 455p keeping a neutral rating. JP Morgan moves target price from 498p to 532p, while its overweight rating remains unchanged. Exane BNP ups target pr
Read moreLondon close: Markets subdued in Budget aftermath
20th Mar 2013 16:16
Markets on the whole gave a muted reaction to George Osborne's Budget Statement today, in which he warned that Britain would grow less and borrow more than originally estimated, while traders continued to digest developments elsewhere, including the Cypriot bailout and a meeting at the US Federal Re
Read moreFTSE 250 movers: Construction and house building groups rise on Budget
20th Mar 2013 16:05
Shares in Barratt Developments, Taylor Wimpey, Persimmon, Bellway, Redrow and Bovis Homes Group all charged higher on Wednesday afternoon after the Chancellor, George Osborne, said in his 2013 Budget speech that the government was launching a programme to help people get on, or move up, the property
Read moreBroker tips: Greggs, ASOS, Ryanair
20th Mar 2013 12:53
Canaccord Genuity has said that Greggs' 2012 results were 'unsurprisingly disappointing' but has retained its 'hold' rating and 485p target price for the stock. "The strategy for 2013 has been reshaped with investment behind the core estate rising and lower rates of new openings. We expect this to
Read moreBroker snap: Greggs fairly valued despite 2012 disappointment, says Canaccord
20th Mar 2013 12:10
Canaccord Genuity has said that Greggs' 2012 results were 'unsurprisingly disappointing' but has retained its 'hold' rating and 485p target price for the stock. Analyst Wayne Brown said that like-for-like (LFL) sales were poor, down 2.7% on the year, while margins and profits were lower than foreca
Read moreLondon midday: FTSE 100 slips into the red ahead of Budget
20th Mar 2013 11:50
The FTSE 100 had erased gains by lunchtime after a strong start, as investors took caution ahead of the pivotal Budget Statement this afternoon by UK Chancellor George Osborne. Sentiment was still fragile after the Cypriot parliament last night voted to reject a €10bn bailout deal that included a t
Read moreLondon open: Stock rise ahead of UK Budget after failed vote in Cyprus
20th Mar 2013 08:20
The decision by Cyprus to reject a 10bn-euro bailout deal that included a tax on bank accounts didn't take markets by surprise on Wednesday morning, as stocks started the day with moderate gains. Last night's vote - which saw a unanimous rejection of the proposal - was widely expected to fail given
Read moreLondon pre-open: FTSE set to rise as investors await Budget and jobless data
20th Mar 2013 07:24
City sources predict the FTSE 100 will open up 14 points from yesterday's close of 6,441, ahead of both the Budget speech and UK jobless data. Chancellor George Osborne has come under pressure to inject life into the UK economy as he prepares to unveil the 2013 Budget at 12:30 Wednesday. Osborne
Read moreMixed year for Greggs
20th Mar 2013 07:05
High Street pastry and baked goods retailer Greggs served up a mixed bag of results, with an increase in full year sales and a dividend hike while profit and like-for-like sale slipped. The retailer said 2012 trading was very challenging as it battled against a mixture of continued consumer spendin
Read moreTuesday broker round-up UPDATE
19th Mar 2013 07:21
Admiral Group: Canaccord Genuity raises target price from 1050p to 1215p, but reiterates its sell recommendation. BAE Systems: Investec moves target price from 325p to 375p retaining a hold recommendation. Balfour Beatty: Numis lowers target price from 330p to 300p and downgrades to add. BHP Bill
Read moreLondon midday: Markets boosted by economic data from Europe and China
24th Jan 2013 11:20
London's benchmark index was registering decent gains by Thursday lunchtime as earlier concerns about disappointing earnings from Apple were outweighed by better-than-expected economy data from Europe and China. Investors began today's session in a cautious fashion with the FTSE 100 struggling to
Read moreLondon open: Markets flat as Apple disappoints
24th Jan 2013 08:26
UK stocks opened broadly flat on Thursday morning as a disappointing earnings report from the world's largest technology company weighed on sentiment early on. US tech titan Apple saw shares tumble after the closing bell in New York last night after its fiscal first-quarter results missed forecasts
Read moreLondon pre-open: FTSE to again track US stocks higher
24th Jan 2013 07:24
City sources predict the FTSE 100 will open up four points from yesterday's close of 6,198, after US stocks closed higher for the sixth consecutive session. The main US equity benchmarks ended on a high note Wednesday after the House of Representatives voted to temporarily suspend the government's
Read moreGreggs pinches new CEO from Punch Taverns - UPDATE
24th Jan 2013 07:14
High Street pastry and baked goods retailer Greggs said Thursday that Roger Whiteside, the current Chief Executive Officer (CEO) of Punch Taverns, will become its next CEO, having announced in December that Ken McMeikan is leaving the post in March. Whiteside, who will take up the role from Februa
Read moreLondon open: Sainsbury warns celebrations will not carry into 2013
9th Jan 2013 08:10
The UK's main equity benchmark, the FTSE 100, has started the Wednesday session slightly higher, up by 18 points to 6,071, to just below technical resistance at the 6,100 point mark, despite the release of mixed results overnight from US aluminium giant Alcoa and what appears to be a rather mixed ne
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