Kingfisher appoints new head of B&Q UK & Ireland
18th Jun 2015 09:35
Kingfisher said on Thursday that it has appointed Michael Loeve as chief executive officer of B&Q UK & Ireland. Loeve, who will join the business in September, is currently group retail director at Coop Danmark, where he is responsible for five retail formats, including Irma, Kvickly and Fakta. Kin
Read moreBroker tips: Tullow Oil, Johnson Matthey, Kingfisher
4th Jun 2015 17:31
Cantor Fitzgerald initiated coverage of Tullow Oil at 'sell' with a 342p price target. The brokerage acknowledged that Tullow's share price has seen a considerable decline over the last 12 months, but anticipates that there is more near-term pain to come for shareholders. It said that an over-relia
Read moreFTSE 100 movers: Kingfisher surges on upgrade, miners and oil stocks lower
4th Jun 2015 13:16
UK stocks dipped on Thursday afternoon amid mixed messages coming out about progress in Greece and volatile sovereign debt markets. Sector-wise, miners, utilities and transport stocks provided the biggest drag, offsetting decent performances from retailers and property stocks. As of 14:30 BST, the
Read moreLondon midday: Bond jitters weigh on stocks
4th Jun 2015 11:54
UK stocks edged lower following recent volatility in sovereign debt markets and amid mixed reports on the progress made at a meeting between Greek Prime Minister Alexis Tsipras and the head of the European Commission, Jean Claude Juncker. As of 12:21 the FTSE 100 was lower by 95.23 points to 6,855.2
Read moreKingfisher upgraded by Bank of America ML
4th Jun 2015 10:22
Bank of America Merrill Lynch upgraded its stance on Kingfisher to 'neutral' from 'underperform' and raised the price target to 390p from 330p. The bank's 'underperform' rating was predicated on weak growth, negative earnings momentum, worsening sales densities at B&Q and continued poor performance
Read moreThursday broker round-up
4th Jun 2015 08:44
BHP Billiton: Credit Suisse reiterates underperform recommendation and 1,350p target. Henderson Group: Credit Suisse stays at underperform. Anite: Panmure Gordon keeps at buy. Kingfisher: Bank of America-Merrill Lynch upgrades to neutral from underperform. Tullow Oil: Cantor Fitzgerald initiates
Read moreLondon close: Stocks edge higher after choppy session amid Greek uncertainty
28th May 2015 16:38
London's stocks finished a choppy session in the green, though gains were only modest as sentiment continued to be dominated by mixed newsflow from Greece. The FTSE 100 settled the session up 7.59 points (+0.11%) at 7,040.92 after swinging between gains and losses for most of the day, with trading v
Read moreLondon midday: Stocks shrug off weak UK data as Greek newsflow continues
28th May 2015 11:44
Stocks erased losses to push into positive territory by Thursday lunchtime despite some disappointing UK economic data, as investors continued to focus on newsflow from Greece. The FTSE 100 was up 0.18% at 7,045.78 by midday, having bounced off an earlier low of 7,005.88. Markets seemingly shrugged
Read moreLondon pre-open: Quiet start expected after Wednesday's surge
28th May 2015 07:50
Thursday's session is set to start on a quiet note, pausing after strong gains the previous day as reports of a imminent Greek debt deal spurred buying. City sources predict the FTSE 100 will open just a few points lower after surging 1.2% on Wednesday's to close at 7,033.33. "There's been months o
Read moreKingfisher's solid start clipped by European currency headwinds
28th May 2015 07:21
B&Q and Screwfix owner Kingfisher made what it called a "solid" start to the year under new French chief executive Véronique Laury, although progress in sales and profits was halted due to European currency wobbles Total sales of £2.6bn were down 4.6% on a reported level and up 2.7% on constant curr
Read moreCredit Suisse positive on airlines, retailers
27th May 2015 13:05
Speculative positions in oil are excessive and appear to have peaked, Credit Suisse wrote in a strategy note on Wednesday. That usually leads to a fall in the oil price and where it to rise from here it would threaten Saudi Arabia's market share strategy - especially with capital expenditure levels
Read moreFTSE 100 movers: miners and oil stocks dominate fallers, ITV rebounds
15th May 2015 12:28
The UK blue chip index retreated on Friday as a calmer bond market and favourable British construction data was overpowered by a weaker commodities market. Sector-wise, oil and industrial metal stocks provided the biggest drag on the FTSE, dwarfing the boost provided by real estate and travel. At 3:
Read moreFTSE 100 movers: ITV hit by strike and stiff BBC competition, miners lower
14th May 2015 12:56
UK stocks rebounded from early losses, but remained restrained by concerns of Greek instability. Sector wise, miners and technology services provided the biggest drag, while insurers and utilities gave a welcome boost. At 1:45 BST, the FTSE 100 was trading 12 points higher at 6,962. ITV declined a
Read moreLondon close: Late rally pushes FTSE higher after choppy session
21st Apr 2015 16:25
UK stocks ended a choppy session in the green as an afternoon rally saw the FTSE 100 erase losses and push back towards its record high. "A good set of European earnings results sent stocks in Europe back towards all-time highs on Tuesday, sustained by ECB bond-buying and the lingering effects of th
Read moreBroker tips: Rio Tinto, Anglo American, SABMiller, Kingfisher
21st Apr 2015 11:28
Mining giants Rio Tinto and Anglo American were under the cosh in London as analysts at Barclays Capital lowered their recommendations on both stocks after slashing their commodity prices forecasts. The broker downgraded its rating on Rio from 'overweight' to 'equal weight', cautioning that the comp
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