UPDATE: Mitchells & Butlers Robust But Uncertain On Outlook
22nd Jul 2010 07:36
(adds detail) By Michael Carolan and Kaveri Niththyananthan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. pub group Mitchells & Butlers PLC (MAB.LN) said Wednesday its financial position is robust but there continues to be uncertainty around discretionary expenditure in the U.K. The
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jul 2010 11:16
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1016 GMT [Dow Jones] Citigroup slashes JD Wetherspoon (JDW.LN) price target to 540p from 740p, reflecting the lower-than-expe
Read moreMARKET TALK: Citigroup Cuts JD Wetherspoon Price Target
16th Jul 2010 11:16
1016 GMT [Dow Jones] Citigroup slashes JD Wetherspoon (JDW.LN) price target to 540p from 740p, reflecting the lower-than-expected margin guidance for FY '10, following the 4Q update. Also takes into account recent market weakness and a more cautious outlook. Cuts '10 EPS forecast to 34.0p from 34.8p
Read moreMARKET TALK: UBS Lowers JD Wetherspoon Target Price
16th Jul 2010 10:53
0953 GMT [Dow Jones] UBS lowers JD Wetherspoon (JDW.LN) target price to 560p from 580p. "Our outlook for modest economic growth should improve the backdrop for pub sales, however we feel that, since the recovery is not expected to be vigorous, value formats will be favored by consumers," it says. Sa
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jul 2010 10:53
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0953 GMT [Dow Jones] UBS lowers JD Wetherspoon (JDW.LN) target price to 560p from 580p. "Our outlook for modest economic grow
Read moreMARKET TALK: Panmure Upgrades Enterprise Inns To Hold
16th Jul 2010 10:02
0902 GMT [Dow Jones] Panmure Gordon upgrades Enterprise Inns (ETI.LN) to hold from sell. Notes the pub company reporting season has started encouragingly, with upbeat comments on current trading from Greene King (GNK.LN), Punch Taverns (PUB.LN) and JD Wetherspoon (JDW.LN). Expects other operators to
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jul 2010 10:02
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0902 GMT [Dow Jones] Panmure Gordon upgrades Enterprise Inns (ETI.LN) to hold from sell. Notes the pub company reporting seas
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
15th Jul 2010 10:28
0619 GMT [Dow Jones] September bunds are up 0.19 at 128.91 and WestLB pegs immediate resistance at 129.10, the high from Tuesday. The contract still needs to break above 129.53 for the outlook to stabilize and contract highs to be tested, the bank says. Support at 128.49, 128.40 and 128.19. (neel
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
15th Jul 2010 10:28
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0928 GMT [Dow Jones] Seymour Pierce upgrades JD Wetherspoon (JDW.LN) to hold from sell. Sees improving trading momentum and s
Read moreMARKET TALK: Seymour Pierce Upgrades JD Wetherspoon To Hold
15th Jul 2010 10:28
0928 GMT [Dow Jones] Seymour Pierce upgrades JD Wetherspoon (JDW.LN) to hold from sell. Sees improving trading momentum and says the valuation is at more reasonable levels. Notes that the share price performance has been volatile over '10 and now thinks the correction in the share price has gone far
Read moreThursday tips round-up: LSE, Burberry, Northern Foods
15th Jul 2010 06:21
The London Stock Exchange has had a rocky ride recently, so much so that after moving back into the FTSE 100 index of blue chips stocks, it was booted off again in the June index review. Recent price changes have made the LSE more competitive, and compared to April, the exchange's share of trading
Read moreLondon close: Winning streak ends
14th Jul 2010 17:05
A spirited late rally was not enough to return Footsie into positive territory. The blue-chip index recovered from its nadir of 5,206 to rise almost 50 points in the last 90 minutes of trading. Just a third of the blue-chip index's constituents advanced on the day and chief among them was chip desi
Read moreLondon afternoon: Drift lower continues
14th Jul 2010 14:54
A soft start on Wall Street has seen London slide further into the red although there do remain some bright spots. Chief among them is chip designer ARM, which has been lifted by Intel's record results announced last night. Goldman Sachs has responded to Intel's results by upping its price target
Read moreBroker tips: Barratt Developments, JD Wetherspoon, BSkyB
14th Jul 2010 13:06
KBC Peel Hunt has been bearish on the housebuilding sector for a long time and Wednesday morning's update from Barratt Developments has not persuaded it to change its view, though it does concede things are going better for the company. "Update shows Barratt ahead in a number of areas - better marg
Read moreBroker snap: Wetherspoon slightly more positive
14th Jul 2010 13:05
Panmure Gordon has shaved its price target for JD Wetherspoon but that is more of a reflection of the broker's viewpoint on the economic environment than any reaction to the pubs group's trading update. The broker has shaved 1% or so of its fiscal 2010 earnings estimates and circa 3% from its fisca
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