Friday tips round-up: Kingfisher, Severn Trent
30th May 2014 09:26
Kingfisher has been doing some of its own home repairs of late and it was sorely needed. The firm, under boss Sir Ian Cheshire, recently offloaded its German operations - over which it was unlikely to gain full control - and is attempting to buy-out French rival Mr.Bricolage. If it can generate suff
Read moreFriday broker round-up UPDATE
30th May 2014 09:14
ASOS: N+1 Singer reduces target price from 5300p to 4100p, while staying with its hold recommendation. Cairn Energy: JP Morgan cuts target price from 315p to 279p and maintains an overweight rating. Cobham: Canaccord Genuity increases target price from 285p to 320p and reiterates a hold recommenda
Read moreLondon close: FTSE ends up as market ignores US GDP
29th May 2014 16:59
- FTSE 100 closes up 20 at 6,871 - US Q1 GDP comes in below expectations - Smith & Nephew in focus techMARK 2,809.39 +0.34% FTSE 100 6,871.29 +0.29% FTSE 250 15,954.82 +0.12% UK stocks settled higher after rising early on and staying fairly steady throughout the afternoon, despite the release of a
Read moreFTSE 100 movers: Smith & Nephew rises on Stryker bid chatter
29th May 2014 15:35
Medical device maker Smith & Nephew was a high riser again after reports yesterday suggested that US peer Stryker was working on a bid for the firm. While the rumours were denied by Stryker, Smith & Nephew's share price was continuing to extend gains this morning after Credit Suisse said it sees "me
Read moreSector movers: Retail stocks slip as Kingfisher's Q1 disappoints
29th May 2014 14:30
Retail stocks were off shopping lists on Thursday as results from B&Q owner Kingfisher left investors unimpressed. Europe's biggest home improvement retailer, which also owns Screwfix and Mr Bricolage in France, saw shares fall after reporting retail profits of £142m in the three months ended May 3
Read moreB&Q owner Kingfisher comes up short despite "strong" Q1 - UPDATE
29th May 2014 12:09
Kingfisher Chief Executive Sir Ian Cheshire hailed a "strong start to the year" for the DIY retailer, but first-quarter results failed to impress the market on Thursday with profits coming in shy of analysts' forecasts. Europe's biggest home improvement retailer, which owns the B&Q and Screwfix cha
Read moreLondon midday: Smith & Nephew leads UK markets higher
29th May 2014 11:45
- FTSE 100 nears two-week high, S&P 500 to retest records - US GDP revisions due out this afternoon - Smith & Nephew extends gains amid M&A speculation - Kingfisher disappoints with Q1 results techMARK 2,815.99 +0.58% FTSE 100 6,872.56 +0.31% FTSE 250 16,017.89 +0.52% UK stocks were heading toward
Read moreLondon open: Stocks inch towards two-week high ahead of US data
29th May 2014 08:51
- Smith & Nephew up as M&A speculation continues - Kingfisher disappoints with Q1 results - FTSE 100 on track to hit two-week high - Chinese stimulus, US GDP in focus - Rates to rise "sooner rather than later", says MPC's Weale techMARK 2,803.00 +0.11% FTSE 100 6,866.03 +0.22% FTSE 250 15,947.93 +0
Read moreLondon pre-open: Modest rise expected as markets await direction from US GDP
29th May 2014 07:40
The FTSE is set for a modest rise early on in today's session after what has so far been a week of rangebound trading for markets, with investors continuing to seek firmer direction. Blue chips are expected to open five points higher than yesterday's close of 6,851.22, with gains likely to be limi
Read moreKingfisher makes strong start as Q1 sales and profits rise
29th May 2014 07:01
- Retail profit up 20.3% - LFL sales climb 6.1% - £100m special dividend announced Decent weather and a later-than-usual Easter helped DIY retailer Kingfisher lift profits by a fifth in its first quarter, as the company saw like-for-like (LFL) sales rise across the board. The company, which owns B
Read moreFTSE 100 movers: Aggreko lifted by Citigroup note
14th May 2014 15:15
Aggreko rose strongly today after Citigroup reiterated its 'buy' rating on the stock. Paper and packaging group Mondi was following close behind after it delivered a 13% increase in underlying operating profits in the first quarter despite a "mixed" trading environment and flat sales volumes. Under
Read moreLondon midday: ITV drops as UK stocks retreat from 14-year high
14th May 2014 11:50
- ITV leads fallers after underwhelming Q1 - Markets pull back from highest level since 1999 - BoE strikes dovish tone in Inflation Report - Compass, Mondi rise strongly after updates techMARK 2,797.20 -0.25% FTSE 100 6,862.96 -0.15% FTSE 250 16,008.81 -0.19% UK stocks were in negative territory o
Read moreLondon open: UK stocks retreat from 14-year high, BoE in focus
14th May 2014 08:43
- FTSE 100 pulls back after nearing record - BoE in focus ahead of inflation report - UK employment data due out - Compass unveils 1bn-pound cash return techMARK 2,798.34 -0.21% FTSE 100 6,857.97 -0.22% FTSE 250 16,046.94 +0.05% UK stocks declined on Wednesday morning as investors took profits aft
Read moreNew Serco CEO Soames marks arrival with large share purchase
6th May 2014 15:51
Rupert Soames, who last week took up the role of Chief Executive Officer at embattled Serco Group, has given a show of faith in his own leadership - and taken advantage of the latest dip in its share price - with the purchase of 242,000 shares at 354.30p a share. The £857,406 deal gives a show of f
Read moreLondon close: FTSE ends with decent gains
9th Apr 2014 16:59
- FTSE 100 closes up 44.92 points at 6,635.61 - Shop prices plummet as retailers fight for business - February trade data shows UK still struggling to rebalance techMARK 2,730.00 +1.20% FTSE 100 6,635.61 +0.68% FTSE 250 16,163.70 +0.93% UK stocks ended today's session with a decent finish as impro
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