Thursday broker round-up
12th Apr 2012 09:30
African Minerals: Jefferies keeps buy rating and 1,100p target. Aggreko: Investec maintains buy rating. Cairn Energy: Nomura cuts target from 500p to 434p, buy rating kept. Faroe Petroleum: Nomura cuts target from 213p to 209p, buy rating kept. FirstGroup: Jefferies downgrades from buy to hold,
Read moreMargins under pressure at JD Sports
12th Apr 2012 08:12
JD Sports Fashion, which sells sportswear for people who are not necessarily interested in participating in sporting activity, said its margins are under pressure as even fashion-conscious consumers are looking for bargain prices on designer-labelled products. "Margins remain under pressure as cons
Read moreLondon close: Stocks establish a new high for the year
20th Feb 2012 17:46
-Miners jump as investors seek riskier assets. -Officials optimistic about securing Greek bailout. -PBoC cuts RRR for banks. -ECB bought no debt last week through SMP program. Stocks rose on Monday and established a new high for the year after what appears to have been some genuinely positive new
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 moreFTSE 250 movers: Chemring in bottom spot
24th Jan 2012 14:44
Military equipment maker Chemring was the biggest faller after saying that its traditional markets "will not be any easier this year". Investors seemed to focus more on what finnCap called a "lacklustre" outlook statement and less on the 25% rise in revenue and 6% improvement in underlying pre-tax p
Read moreLondon open: Footsie flat, Vodafone rises on Indian tax ruling
20th Jan 2012 08:28
The Footsie opened flat on Friday morning, with a rise in the banking sector being offset by resource stocks. The blue chip index nudged just a few points lower to 5,738 in early trading, following yesterday's 0.7% rise on the back of strong macro data and an improving outlook in the Eurozone. In o
Read moreLondon close: Stocks edge higher on IMF hopes
18th Jan 2012 16:33
- IMF looks to boost lending capacity by $500bn - UK jobless rate rises to 8.4% - Essar bounces back after Indian tax ruling UK stocks finished moderately higher on Wednesday, with reports that the IMF is boosting its lending capacity lifting the mood across European markets. The International Mo
Read moreFTSE 250 movers: Intermediate Capital still on the rise
18th Jan 2012 15:27
Specialist investment firm Intermediate Capital was one of the top risers, extending gains after yesterday's trading statement in which it said assets under management were stable at €12bn in the three months to December 30th. The group also announced today that it will realise a £43m capital gain
Read moreLondon midday: Essar recovery pushes Footsie into the blue
18th Jan 2012 12:01
The Footsie pushed into positive territory in late morning trade, helped the blue chip index nudge above the 5,700 mark, helped by a strong recovery from Essar Energy and a well-received trading update from Man Group. Nevertheless, investors are keeping a close eye on Athens today as Greek private
Read moreThursday broker round-up - UPDATE
12th Jan 2012 09:08
Reckitt Benckiser: J.P. Morgan Cazenove downgrades to neutral from overweight. Tesco: Nomura reiterates buy rating and 500p target; Panmure Gordon cuts target from 500p to 440p, buy rating unchanged. Royal Bank of Scotland: Shore Capital reiterates sell. Tesco: Shore Capital downgrades to hold fr
Read moreJD Sports LFL sales jog up over festive period
12th Jan 2012 08:02
Sports fashion wear retailer JD Sports Fashion has reported positive trading for the five weeks to 7 January. During the period gross like-for-like (LFL) sales in the core UK and Ireland fascias increased by 1.6% (Sports Fascias +2.3%: Fashion Fascias -0.7%), while net LFL sales increased by 0.1%.
Read moreLondon close: Footsie drops after Merkozy meeting
9th Jan 2012 16:59
The FTSE 100 finished close to its lowest levels of the day with resource, pharmaceuticals and banking stocks providing a drag in the afternoon session. German Chancellor Angela Merkel and French President Nicolas Sarkozy gave a press conference earlier today in which they outlined details of their
Read moreFTSE 250 Movers: JD jumps on Blacks talks
9th Jan 2012 16:04
Sports fashion wear retailer JD Sports Fashion jumped after confirming press speculation that it is in talks to buy assets of struggling camping equipment retailer Blacks Leisure and that talks are at an advanced stage. Shares in Blacks Leisure were suspended on 6 January as the company enters an ad
Read moreLondon midday: Eyes on Merkozy meeting as Footsie falls
9th Jan 2012 11:43
London's blue chip index was trading slightly lower by midday, following a moderate rise early on, with all eyes on the meeting between Angela Merkel and Nicolas Sarkozy. The German Chancellor and French Prime Minister are to hold a press conference in the next hour in which they are expected to d
Read moreJD Sports confirms Blacks talks
9th Jan 2012 08:11
Sports fashion wear retailer JD Sports Fashion has confirmed press speculation that it is in talks to buy assets of struggling camping equipment retailer Blacks Leisure and that talks are at an advanced stage. A further announcement will be made on conclusion of those discussions. On December 7
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