FTSE 100 movers: RBS up on job cuts, miners suffer
15th Mar 2016 14:23
(ShareCast News) - The FTSE 100 was in the red in afternoon trading on Tuesday, off the back of lower oil prices and predictions from OPEC that global demand for the cartel's crude would be less than previously expected in 2016. Leading the risers was Royal Bank of Scotland, which had revealed furth
Read moreFTSE 100 movers: Miners drive market down, led by Antofagasta
9th Feb 2016 14:04
(ShareCast News) - The FTSE 100 sank further on Tuesday, with the blue-chip market down 75.98 points (1.34%) to 5,613.38 by mid-afternoon. Antofagasta led the fallers after Goldman Sachs downgraded the stock to 'sell' from 'neutral' and slashed the price target to 250p from 440p on the back of lower
Read moreFTSE 100 movers: Anglo American surges as Blackrock increases stake
5th Feb 2016 14:26
(ShareCast News) - The FTSE 100 was set to finish the week just in the black, up 1.32 points (0.02%) to 5,900.08 points by mid-afternoon on Friday. Anglo American led the risers for the second day running, while its sector peers were tracking the other way. It followed shares in Anglo rising on Thur
Read moreTuesday newspaper share tips: Not convinced by Kingfisher's transformation plan
26th Jan 2016 10:39
(ShareCast News) - Kingfisher's transformation plan announced on Monday didn't convince The Times' Tempus on Tuesday. The B&Q owner announced a five-year transformation programme on Monday, saying it plans to deliver a £500m sustainable annual profit uplift by the end of the process. However, it wa
Read moreBroker tips: Tesco, Kingfisher, Lloyds
25th Jan 2016 15:16
(ShareCast News) - Tesco may be slapped with a fine of up to £500m by the Serious Fraud Office over its £326m accounting black hole, according to Cantor Fitzgerald analyst Mike Dennis. He said the SFO's findings, possible fines and trading restrictions on Tesco, after an investigation launched in 2
Read moreFTSE 100 movers: Investors not happy with Kingfisher's transformation programme
25th Jan 2016 14:05
(ShareCast News) - The FTSE 100 started the week in the red, with the blue chip market down 21.22 points (0.36%) to 5,878.79 by mid-afternoon Monday. Shares in Kingfisher dropped after the B&Q owner announced a five-year transformation programme on Monday, saying it plans to deliver a £500m sustaina
Read moreInvestec retains 'sell' rating on Kingfisher
25th Jan 2016 12:27
(ShareCast News) - Kingfisher's 'sell' rating was reiterated and its target price was put under review by Investec on Monday after the company announced a five-year transformation programme. The owner of home improvements retailer B&Q said it plans to deliver a £500m sustainable annual profit uplift
Read moreKingfisher targeting £500m annual profit uplift
25th Jan 2016 07:31
(ShareCast News) - B&Q owner Kingfisher announced a five-year transformation programme on Monday, saying it plans to deliver a £500m sustainable annual profit uplift by the end of the process. The company, which operates Castorama and Brico Depot in France, said it also plans a capital return of
Read moreLondon pre-open: Stocks to start higher with traders focused on oil, central banks
25th Jan 2016 07:22
(ShareCast News) - UK equities are seen starting the day on the front-foot following following another strong rebound on Wall Street last Friday and gains overnight on the main Asian bourses. All eyes are on the price of oil, as its crash is increasingly considered, alongside Chinese policy moves, a
Read moreKingfisher rallies as BofA ML highlights reasons to be cheerful
21st Jan 2016 10:40
(ShareCast News) - B&Q owner Kingfisher got a boost on Thursday as Bank of America Merrill Lynch upgraded the stock to 'buy' from 'neutral', with an unchanged 380p price target as it pointed to recent share price weakness. The bank also said the capital markets day on 25 January could be a positive
Read moreBroker tips: Equiniti, Kingfisher, Next, British Land, Land Securities
7th Dec 2015 13:52
(ShareCast News) - Equiniti was "far more" than a registrar and could look forward to profitable growth, a top broker said at the start of the week. It was a leader in growth markets, with the potential addressable market forecast to grow at a compound annual growth rate of 6% over 2014-19, Credit S
Read moreKingfisher slips on Nomura downgrade
7th Dec 2015 09:10
(ShareCast News) - B&Q owner Kingfisher was under pressure after Nomura downgraded the stock 'reduce' from 'neutral' and trimmed the price target to 335p from 340p as it took a look at the general retail sector. The bank said it has no issues with Kingfisher's proposed unifying strategy as a means o
Read moreTuesday broker round-up
3rd Nov 2015 11:08
(ShareCast News) - Getech Group: WH Ireland downgrades to sector perform, cuts target price to 40.00p. Kingfisher: JP Morgan Cazenove initiates new coverage with an underweight, sets target price at 320.00p. Intercontinental Hotels Group: Nomura reiterates to neutral, cuts target price to 2698.00p.
Read moreWednesday newspaper tips: Kingfisher
16th Sep 2015 18:35
(ShareCast News) - Better late than never. Roughly eleven years after the peak in the "do it yourself" market in the UK, Kingfisher's B&Q has taken the axe to its bloated estate (rival Homebase has called a halt to its expansion as well). The chain has 20% more space than in 2004 yet annual sales ar
Read moreFTSE 100 movers: Weir bounces on Blackrock buying, Kingfisher knocked off perch
15th Sep 2015 15:19
(ShareCast News) - The FTSE 100 eventually reversed its early losses and most of those from the previous day by a diverse array of companies, with the index up 0.7% to 6,129.2 around an hour before the session's close. Weir was lifted to the top of the leader board apparently due to Blackrock callin
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