Friday broker round-up - UPDATE
16th Mar 2012 10:27
4imprint: Peel Hunt keeps buy rating and 345p target. Aegis: Nomura reiterates buy rating and 210p target; HB Markets upgrades from sell to hold. Antofagasta: Jefferies keeps hold and 1,214p target. Bunzl: Goldman Sachs downgrades from neutral to sell, target lifted from 940p to 988p. Diageo: Je
Read moreLondon close: Footsie spins its wheels
15th Mar 2012 16:51
- Investment management firms disappoint - Hard times on the High Street - Phlegmatic response to Fitch's threat to cut UK's AAA rating After a brief sojourn in positive territory during the morning session, the top share index returned to the region where it spent most of the day, bumping along ju
Read moreLondon midday: Stocks mark time ahead of US data
15th Mar 2012 12:02
- Stocks mark time ahead of US jobs and manufacturing data - BAE workers protect jobs by taking pay cut - Dollar strength sapping demand for oil stocks Investors have largely taken in stride the warning from credit ratings agency Fitch that the UK is marginally more likely to lose its AAA rating th
Read moreHome Retail sees Argos and Homebase struggling - UPDATE
15th Mar 2012 09:14
Like-for-like (LFL) sales at Home Retail Group's struggling Argos chain have taken another tumble in 2012, but the group says its 2011/12 results should still be in line with expectations. Argos stores which have been open more than 12 months saw sales down 8.5% year-on-year in the eight weeks to F
Read moreLondon open: Footsie shrugs off Fitch warning
15th Mar 2012 08:52
- Fitch goes negative on UK ratings outlook - Tesco's UK boss walks the plank - Argos still seeing a slump in like-for-like sales UK equities are little changed ahead of US jobs data and manufacturing data this afternoon. Investors have largely shrugged off the warning from credit ratings agency Fi
Read moreLondon pre-open: Flat start for FTSE ahead of jobs data
15th Mar 2012 07:36
City sources predict the FTSE 100 will open down one point from yesterday's close of 5,945, as investors await data on jobless figures from the US. Pharmaceuticals firm Shire has withdrawn its Biologics Licence Application for its enzyme replacement product REPLAGAL with the US Food and Drug Admi
Read moreWednesday broker round-up
14th Mar 2012 10:02
Antofagasta: Fox-Davies upgrades from sell to hold, target lifted from 1,121p to 1,197p. AZ Electronic Materials: Goldman Sachs upgrades from buy to conviction buy, target raised from 380p to 440p. Close Brothers: UBS raises target from 690p to 750p, neutral rating kept. Computacenter: UBS raises
Read moreSunday newspaper round-up: Glencore, Prudential, Pensions
11th Mar 2012 14:39
Glencore has made what is believed to be a £3.5bn approach for Canadian grain giant Viterra in an attempt to bolster its agricultural business in North America. The Sunday Telegraph understands the approach by the commodities and mining giant triggered Viterra's statement to the Toronto Stock Exchan
Read moreWednesday broker round-up - UPDATE
29th Feb 2012 09:11
ITV: Nomura maintains neutral recommendation and 88p target; Prime Markets gives buy rating and 95p target; Peel Hunt ups target from 83p to 88p, hold rating kept. Standard Chartered: Nomura keeps buy rating and 1,800p target. CRH: UBS ups target from 1,150p to 1,300p, neutral rating kept. Schrod
Read moreLondon midday: Essar, HSBC drag Footsie down 0.85pc
27th Feb 2012 12:04
- Essar, HSBC provide a drag in London. - G20 urges Europe to take action first - Vedanta among the few risers after consolidation plans. London's blue chip index sank to its lowest levels of the day by lunchtime, with banks and miners providing a drag, while Eurozone debt concerns continued to we
Read moreLondon close: Optimistic mood ahead of Eurogroup, but risks remain
17th Feb 2012 17:10
-Merkel optimistic about Eurogroup meeting. -Miners lead gains on Footsie. -Retailer rise on economic data. London's benchmark index finished the week strongly - up 53 points on last Friday's close of 5,852 - as markets expressed confidence that the next Greek bailout can be secured on Monday. Af
Read moreDixons welcomes OFT's stance on extended warranties
7th Feb 2012 13:31
Dixons Retail, an electrical retailing and services company, has said it welcomes today's announcement from the Office of Fair Trading (OFT) regarding extended warranties. The announcement states that major UK electrical retailers have offered legal undertakings to improve the way the extended wa
Read moreFTSE 250 movers: Bumi lands on its derriere
3rd Feb 2012 13:48
Bumi, the Indonesian coal miner, hit a bum note with shareholders who have demanded a meeting to request a meeting to persuade their fellow shareholders to boot out co-Chairman Nathaniel Rothschild along with a number of other members of the board. Specialist bank and asset manager Investec fell a
Read moreThursday tips round-up: United Utilities, Petra Diamonds
2nd Feb 2012 06:54
The Tempus column in the Times has its mind on United Utilities, the north England-focused water company. This is a highly regulated stock which is all about yield. The current promise is for yield to grow each year at inflation plus 2%. In 2012 the full year yield is going to come in at 5.3% althou
Read moreFTSE 250 movers: Ocado leads the risers, Aquarius falls after downgrade
1st Feb 2012 14:01
Groceries delivery firm Ocado soared into pole position, extending gains made yesterday when it reported that gross sales, which include revenue plus value added tax (VAT) and marketing vouchers, rose 16.6% in the 52 weeks to November 27th to £642.8m from £551.1m the year before. Investors are mos
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