London midday: Markets volatile after mixed economic data
24th Oct 2012 11:19
- Stocks react to mixed economic data - FOMC conclusion eyed - ARM extends gains after Q3 results and SAP statement The FTSE 100 was swinging between gains and loss on Wednesday morning as contrasting economic data from China and the Eurozone painted a mixed picture of the global economy. Markets
Read moreWednesday broker round-up
24th Oct 2012 09:25
African Barrick Gold: Investec raises target from 485p to 530p, hold rating kept. Aggreko: Seymour Pierce maintains buy rating and 2,500p target. AstraZeneca: Panmure Gordon keeps hold rating and 3,000p target. British American Tobacco: Jefferies keeps buy rating and 3,730p target; Panmure Gordon
Read moreLondon open: Markets flat despite Chinese data
24th Oct 2012 08:30
- Earnings and Eurozone concerns weigh on sentiment - BATS and IHG disappoint early on - Miners gain on upbeat Chinese data UK stocks failed to rebound from yesterday's steep sell-off despite some upbeat economic data out from China overnight, as investors continued to digest some disappointing cor
Read moreHome Retail to close or relocate 75 Argos stores
24th Oct 2012 07:34
Home Retail, owner of the Argos and Homebase brands, warned persistent fragile market conditions mean it will close 75 stores over the next five years. The retailer said reported pre-tax profit rose 74% to £51m, after an exceptional credit of £35m following the closure of its final salary pension s
Read moreWednesday broker round-up - UDPATE
10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read moreFTSE 250 movers: Hays tops risers as quarter beats expectations
9th Oct 2012 15:56
After first quarter results came in ahead of expectations, recruitment firm Hays jumped early on and remained a high riser through the session. The company said that markets were overall stable through the first quarter though group net fees fell by one per cent year-on-year. Seymour Pierce upgrad
Read moreTesco still a basket case
3rd Oct 2012 16:05
If Tesco was hoping that a return to like-for-like sales growth in the UK in the second quarter would earn it some love in the market, it was sadly disillusioned. Not when supermarket rival Sainsbury reported second quarter like-for-like (LFL) sales growth year-on-year of 1.9%, which put Tesco's 0.
Read moreFriday broker round-up - UPDATE
14th Sep 2012 07:52
Aegis: Credit Suisse cuts target to 121.6p from 240p, maintains at underperform. Antofagasta: Nomura keeps buy rating and 1,450p target. ASOS: Peel Hunt downgrades to hold, target lifted from 1,800p to 2,100p. Daily Mail: Barclays reduces to equal-weight from overweight. Domino Printing: Jeffer
Read moreLondon close: Stocks surge on hopes for QE3
13th Sep 2012 16:35
- Markets close higher ahead of Fed decision - Greece could need third bailout, says IMF official - BAE's merger with EADS called into question Following a subdued start, UK stocks ended at their highest levels of the day with just an hour or so to go before the announcement of the Federal Reserve'
Read moreSector movers: Vodafone and BT lift telecoms higher
13th Sep 2012 15:59
The telecoms sectors were performing well on Thursday with heavyweights Vodafone and BT Group providing a lift in afternoon trade. Mobile phone group Vodafone was making decent gains in the mobile telecoms sector, one day after the stock was hit with concerns about its US joint venture Verizon Wire
Read moreThursday broker round-up
13th Sep 2012 09:17
Anite: Jefferies keeps buy rating and 160p target. BAE Systems: Investec downgrades from hold to sell, target raised from 350p to 290p; Societe General downgrades to sell; Oriel Securities downgrades to hold, target lifted from 350p to 370p. Bank of Georgia: Seymour Pierce keeps buy rating and 1,6
Read moreWeather and economic gloom hit Home Retail Group
13th Sep 2012 07:26
Home Retail Group said its DIY chain Homebase had continued to be hit hard by bad weather and a reluctance on the part of consumers to buy big ticket items. In the three months to September sales at Homebase dropped 3.9%, with revenues dropping to £366m. This meant that across the first half of th
Read moreThursday broker round-up - UPDATE
6th Sep 2012 09:00
Abcam: Canaccord Genuity keeps hold rating and 370p target. AG Barr: Societe Generale upgrades ot hold, target lifted from 370p to 440p. ASOS: Nomura ups target from 1,660p to 1,700p, neutral rating kept. Barclays: Credit Suisse downgrades to neutral, target cut from 215p to 200p. BG Group: Gold
Read moreBroker tips: Carnival, Home Retail, easyJet
5th Sep 2012 12:04
Galvan Research and Trading recommends to 'sell' shares of cruise operator Carnival, saying that recent prices cuts are putting pressure on margins. "Although Carnival shares and the firm's reputation have rebounded to some degree since the Costa Concordia disaster, the cruise operator has had to c
Read moreBroker snap: UBS upgrades Home Retail to 'buy'
5th Sep 2012 11:16
UBS has added Home Retail to its list of top picks in the UK retail sector, a category which has held up well in recent months. "Since our last sector update in February the sector has performed well vs the local market - despite the weather - with disposable income and intake margins recovering in
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