Friday tips round-up: Tate&Lyle, Kingfisher
31st May 2013 09:01
Specialty food ingredients manufacturer Tate & Lyle continues to transform itself, a process which has been on-going since its mid-20th century role as one of Britain's main sugar refiners, having recently invested in a new innovation centre in the US Midwest - in Chicago - and launching a drive in
Read moreLondon open: Markets down as traders await economic data
31st May 2013 08:21
Stocks sank sharply on Friday morning, continuing the volatile pattern seen over the past week, as traders cautiously awaited more economic figures from the States. Stocks gained slightly yesterday as a worse-than-expected second reading of US gross domestic product growth and a rise in jobless cla
Read moreLondon close: Stocks end higher
30th May 2013 17:30
The FTSE 100 finished the day higher, although sentiment remained fragile following the sell-off the day before, with investors taking caution ahead of some key economic indicators due out Stateside, which in the end all came in slightly worse than expectations. Such figures may help a little to c
Read moreBroker snap: B&Q owner Kingfisher to 'outperform' despite wet Q1, says Credit Suisse
30th May 2013 15:36
Results from Kingfisher may have come in well below estimates for the first quarter as the gloomy cold weather kept customers away, but Credit Suisse said it remains upbeat about the business, keeping an 'outperform' rating for the stock. The stock was among the best performers on the FTSE 100 on T
Read moreSector movers: High Street retailers rise but supermarkets fall
30th May 2013 14:00
Retail stocks were putting in a mixed performance on Thursday with High Street stocks making gains and supermarket firms in the red. The General Retail sector was among the best performing categories this afternoon with B&Q owner Kingfisher making solid gains despite a slightly disappointing first-
Read moreLondon midday: Miners buoy markets ahead of US GDP
30th May 2013 11:21
The FTSE 100 was making meagre gains on Thursday morning as sentiment remained fragile following the sell-off the day before, with investors taking caution ahead of some key economic indicators. Global economic concerns sent London's top-tier index down 2.0% on Wednesday after the OECD slashed its
Read moreLondon open: Stocks rise after heavy sell-off
30th May 2013 08:27
Markets opened slightly higher on Thursday morning after falling to a two-week low the day before as concerns about the global economy continue to unnerve investors. The FTSE 100 slumped 2.0% on Wednesday after the OECD slashed its global growth estimates and the International Monetary Fund reduced
Read moreKingfisher's first quarter sales decline
30th May 2013 07:42
Kingfisher reported a 0.4 per cent fall in first quarter sales to 2.6bn pounds as a result of weak consumer confidence and unseasonably cold weather in March and early April. The home improvement retailer's sales in France dropped by 3.8% to £1.08m, reflecting fewer trading days compared to the fir
Read moreLondon close: Markets tumble as stimulus hopes fade
23rd May 2013 16:20
The recent bullish mood on equity markets quickly faded on Thursday as mixed messages from the Federal Reserve and a slowdown in China sparked a heavy sell-off on the FTSE 100, which lost more than two per cent of its value. Answering questions in Congress last night was Fed Chairman Ben Bernanke w
Read moreLondon midday: Rally runs out of steam after Bernanke comments
23rd May 2013 11:32
Markets tumbled by around two per cent on Thursday morning as investors chose to take profits in the aftermath of comments from the head of the US Federal Reserve and a disappointing reading of manufacturing activity in China. The FTSE 100 had surged to a fresh 13-year high high of 6,840 the day be
Read moreBroker tips: Kingfisher, St James's Place, Halfords
23rd May 2013 10:51
The recent rally in Kingfisher's share price was paused on Thursday morning after Nomura downgraded its rating on the stock from 'neutral' to 'reduce', saying that shares in the B&Q owner have travelled too far given the tough times ahead. Nomura stands 6.0% below consensus with its profit before t
Read moreBroker snap: Nomura downgrades Kingfisher ahead of 'difficult year'
23rd May 2013 09:12
The recent rally in Kingfisher's share price was paused on Thursday morning after Nomura downgraded its rating on the stock from 'neutral' to 'reduce', saying that shares in the B&Q owner have travelled too far given the tough times ahead. By Wednesday's closing price, the DIY retail stock had gain
Read moreThursday broker round-up UPDATE
23rd May 2013 08:35
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation. ARM Holdings: Exane downgrades to neutral with a target price of 1000p. Aveva: Panmure Gordon raises target price from 1900p to 2076p and retains a hold recommendation. Canaccord Genuity increases target p
Read moreLondon open: Fed concerns, poor Chinese data spark sell-off
23rd May 2013 08:31
Worries about the Federal Reserve 'tapering' quantitative easing (QE) prematurely spooked markets on Thursday morning, along with a disappointing reading of manufacturing activity in China. The FTSE 100 had surged to a fresh 13-year high high of 6,840 the day before, its second-highest close in his
Read moreThursday broker round-up UPDATE
16th May 2013 07:43
Barratt Developments: Deutsche Bank lowers target price from 336p to 327p, while leaving its buy recommendation unaltered. BG Group: Credit Suisse raises target price from 1150p to 1190p keeping a neutral rating. BT Group: Berenberg takes target price from 280p to 375p and retains a buy recommenda
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