London midday: Mining strength buoys FTSE after mixed retail updates
16th Jan 2014 11:30
- Retail updates come in mixed - Citi turns bullish on mining sector - Markets flat after recent highs techMARK 2,836.75 -0.14% FTSE 100 6,823.76 +0.06% FTSE 250 16,237.17 -0.34% UK markets paused for breath on Thursday morning after hitting their highest level in eight months the previous session
Read moreLondon open: Stocks pause at eight-month high after mixed updates
16th Jan 2014 08:30
- Aberdeen drops as AuM fall three per cent - Retailers mixed as companies report festive sales - Mining stocks broadly higher, BHP Billiton upgraded techMARK 2,841.00 +0.01% FTSE 100 6,821.68 +0.03% FTSE 250 16,275.67 -0.11% Mixed corporate results weighed on UK markets on Thursday morning, as th
Read moreElectrical sales spark Home Retail profits boost, new CEO chosen - UPDATE
16th Jan 2014 08:25
- Total Q3 sales up 3.6 per cent - Argos sales improve with margins unmoved - Homebase beats LFL expectation but margins worsen - FY profits guided to top end of range - Argos MD John Walden chosen as new group CEO After a happy Christmas of strong tablet computer and white goods sales, Home Retail
Read moreTuesday tips round-up: Genel, HomeServe, UBM
14th Jan 2014 07:07
Authorities in Kurdish Iraq on Monday announced that the first oil has flowed through a new pipeline to Turkey. That is a landmark achievement as until recently oil had to be transported out by lorry, no less, with much of it then having to be sold on the local market. The main UK-listed beneficiari
Read moreLondon pre-open: FTSE to begin week with a slow start
13th Jan 2014 07:29
City sources predict the FTSE 100 will open 13 points higher than Friday's close of 6,739.94, as investors weigh up last week's US jobs data and a mixed performance by Asia stocks overnight. According to Craig Erlam from Alpari, the fact stocks are set to move higher early on "suggests that we're
Read moreWincanton awarded three-year contract with Argos
7th Jan 2014 15:53
Wincanton, provider of UK supply chains, scored a three-year contract with High Street retailer Argos for its fleet of heavy goods vehicles. Under the contract Wincanton will deploy nationwide repair and maintenance solutions under its Pullman Fleet Services business for around 1,500 vehicles and
Read moreLondon close: FTSE 100 gains as Next lifts retailers higher
3rd Jan 2014 16:57
- UK construction, mortgage data beats forecasts - UK house prices continue to rise, business lending falters - China service-sector data disappoints - Retailers rise as Next lifts guidance after Christmas techMARK 2,788.64 +0.59% FTSE 100 6,730.67 +0.19% FTSE 250 16,020.47 +0.64% UK markets push
Read moreFTSE 250 movers: Retailers driven higher by Next trading update
3rd Jan 2014 15:48
Lifted by top tier counterpart Next, retailers were today putting in a strong performance, with gains seen by Dixons, Home Retail, as well as Debenhams as it recovered from its profit warning issued earlier this week. Mobile satellite communications services company Inmarsat inched higher on the n
Read moreLondon midday: Retailers buoy markets, UK data comes in strong
3rd Jan 2014 11:31
- UK construction, mortgage data beats expectations - China services PMI eased in December - Next surges after bullish Q4 update, guidance techMARK 2,779.70 +0.26% FTSE 100 6,722.39 +0.07% FTSE 250 15,972.09 +0.33% Markets got off to a slow start on Friday morning but had pushed into positive terr
Read moreLondon open: Markets lower after China data, but Next surges
3rd Jan 2014 08:16
- China services PMI eased in December - Markets on look-out for plenty of economic data - Next raises profit guidance - House of Fraser planning London listing techMARK 2,768.12 -0.15% FTSE 100 6,704.72 -0.20% FTSE 250 15,862.80 -0.35% UK markets opened slightly lower again on Friday as worsening
Read moreBroker snap: Debenhams' woes are company-specific, says Numis
2nd Jan 2014 09:04
Analysts at Numis Securities reassured retail investors on Thursday that Debenhams' woes seem more company-specific rather than indicative of trends across the wider industry. The department store chain issued a profit warning on Tuesday that dampened sentiment across the sector after saying that a
Read moreBroker tips: Retailers, bwin.party, Moneysupermarket.com
18th Dec 2013 11:22
UBS has downgraded its ratings for both Marks & Spencer and ASOS from 'buy' to 'neutral', highlighting higher levels of promotional spend across the industry as of late. "The clothing retailers look to have pressed the panic button this year as subdued real disposable income, weak footfall and warm
Read moreBroker snap: UBS downgrades M&S, ASOS on margin concerns
18th Dec 2013 08:32
High Street retail group Marks & Spencer was trading in the red on Wednesday morning after analysts at UBS cut their rating on the stock from 'buy' to 'neutral', highlighting higher levels of promotional spend across the industry as of late. "The clothing retailers look to have pressed the panic bu
Read moreFriday broker round-up UPDATE
13th Dec 2013 09:36
African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered. Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell. Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Mor
Read moreThursday broker round-up UPDATE
24th Oct 2013 09:25
Aquarius Platinum: Investec lowers target price from 48p to 42p and downgrades from hold to sell. ASOS: Citi increases target price from 5800p to 7000p reiterating its buy recommendation. BHP Billiton: Jefferies raises target price from 2350p to 2400p and keeps a buy recommendation. Clinigen: Inv
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