London midday: Markets hold on to gains but Debenhams drops
31st Dec 2013 11:36
- Real estate, housing stocks buoy markets - Debenhams drops after gloomy Christmas update - US data in focus later on techMARK 2,781.38 -0.02% FTSE 100 6,750.03 +0.28% FTSE 250 15,900.19 -0.00% The FTSE 100 held on to gains on Tuesday morning despite a trading update from Debenhams dampening sent
Read moreSector movers: Retailers hit by Credit Suisse comments, M&S falls
6th Dec 2013 15:57
The general retail sector was out of favour on Friday after some cautious comments from analysts at Credit Suisse, with Marks & Spencer among the worst hit. The bank said that while 2013 has been a "remarkable year" for general retail stocks, it has also been a year of high single-digit downgrades
Read moreBroker snap: Credit Suisse reiterates underweight on M&S
6th Dec 2013 12:15
It has been a remarkable year for the General Retail sector, with the UK index´s 33 per cent rise comfortably outstripping gains in the rest of the market. However, 2013 has also seen high single-digit downgrades across the space. That has left valuations (the average price-to earnings multiple sits
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreFTSE 100 movers: Experian declines on Goldman Sachs's advice
29th Nov 2013 15:02
Shares of Experian fell to the bottom of the pile after Goldman Sachs recommended shifting the stock. The broker reduced its rating on the stock to "sell" from "neutral". Kingfisher also fell after the DIY retailer's third-quarter results coming in well below forecasts on Thursday. The B&Q and Scr
Read moreBroker tips: Kingfisher, Tobacco, Housebuiders
29th Nov 2013 12:19
Credit Suisse has maintained its 'outperform' rating and 440p target price for Kingfisher despite the DIY retailer's third-quarter results coming in well below forecasts on Thursday. "Although 3Q results were £12m below our forecasts, we felt that the overall tone of the conference call was slightl
Read moreBroker snap: Credit Suisse expects a firmer Q4 from Kingfisher after Q3 miss
29th Nov 2013 10:37
Credit Suisse has maintained its 'outperform' rating and 440p target price for Kingfisher despite the DIY retailer's third-quarter results coming in well below forecasts on Thursday. The B&Q and Screwfix owner said that group sales in the 13 weeks ended November 2nd were up 8% at £2,921m, with like
Read moreFriday broker round-up UPDATE
29th Nov 2013 08:52
Bovis Homes: Panmure Gordon ups target price from 875p to 900p and stays with its buy recommendation. BowLeven: Barclays cuts target price from 175p to 135p maintaining its overweight rating. BT Group: Jefferies shifts target price from 430p to 435p and retains a buy recommendation. Compass Group
Read moreLondon close: Markets inch higher on quiet day, but housing stocks sink
28th Nov 2013 16:28
- FTSE 100 edges higher, global equities close to six-year high - US markets closed for Thanksgiving - Housing, tobacco stocks pressured by government policy techMARK 2,668.00 +0.35% FTSE 100 6,654.47 +0.08% FTSE 250 15,431.80 +0.16% The FTSE 100 registered small gains on Thursday on a relatively
Read moreFTSE 100 movers: Rio Tinto gains on production increase
28th Nov 2013 15:03
Rio Tinto gained strongly after saying it will increase its mine production capacity at lower capital cost per tonne at its iron ore business in Western Australia. The miner expects mine production capacity will increase by more than 60m tonnes per year between 2014 and 2017 from a run base rate of
Read moreLondon midday: Tobacco, housing stocks limit gains on FTSE
28th Nov 2013 11:42
- Thanksgiving keeps trading volumes low - Tobacco, housing stocks drop on government policy - German unemployment climbs for fourth straight month techMARK 2,668.59 +0.37% FTSE 100 6,658.85 +0.14% FTSE 250 15,434.40 +0.18% UK investors were treading water on Thursday morning as risk appetite rema
Read moreLondon open: Markets rangebound ahead of quiet day
28th Nov 2013 08:26
- Volumes expected to be low with US markets closed - Rio Tinto plans to ramp up production - Kingfisher, Wolseley disappoint with results techMARK 2,664.08 +0.20% FTSE 100 6,655.03 +0.08% FTSE 250 15,456.43 +0.32% The FTSE 100 opened broadly flat on Thursday on what is set to be a quiet day for f
Read moreThursday broker round-up UPDATE
28th Nov 2013 08:23
Anglo American: Liberum Capital upgrades to hold with a target price of 1150p. Associated British Foods: Jefferies increases target price from 1750p to 2400p, while staying with its hold recommendation. Beazley: Canaccord Genuity ups target price from 260p to 270p leaving its buy recommendation un
Read moreLondon pre-open: Flat start for FTSE as US closes for Thanksgiving
28th Nov 2013 07:33
City sources predict the FTSE 100 will open flat after it yesterday closed at 6,649.47, with US markets closed today for the Thanksgiving holiday and no data scheduled for release in the UK. Wednesday's session saw markets finish in positive territory as investors reacted to a flurry of economic d
Read moreKingfisher disappoints in Q3 as France surrenders profits
28th Nov 2013 07:14
- Q3 held back by French weakness - Group LFL sales up 1.4 per cent - Group profit up 1.7 per cent A weak performance in France held back third quarter retail profits at DIY retailer Kingfisher. While UK and Irish profits were strong thanks to Screwfix, and other territories even stronger, the Fre
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