Broker snap: Macro uncertainties continue in retail, says Nomura
24th Jan 2012 10:18
Nomura has maintained its neutral view on the 'European General Retail' sector, saying that while retail sales appear doing OK in January, the macroeconomic environment is still uncertain and sector valuations remain uncompelling. The broker draws attention to weekly data provided by John Lewis and
Read moreMonday broker round-up - UPDATE
16th Jan 2012 08:48
Capita: Bank of America-Merrill Lynch downgrades to neutral from buy. Carnival: Credit Suisse keeps neutral rating and 2,285p target; Morgan Stanley downgrades to neutral from outperform, target cut from 2,700p to 1,800p. Amec: Goldman Sachs upgrades to buy from neutral. Morrisons: Deutsche Bank
Read moreBroker tips: Retailers, European Goldfields, LSL
22nd Dec 2011 11:15
Credit Suisse has reassessed its forecasts across the European General Retail sectorahead of the January 2012 trading statement season. "Demand conditions for 2012 remain uncertain, although we are cautiously optimistic on the UK environment versus the rest of Europe," the Swiss broker said. "An
Read moreBroker snap: Credit Suisse cautiously optimistic for UK retailers
22nd Dec 2011 10:58
Credit Suisse has reassessed its forecasts across the European General Retail sector ahead of the January 2012 trading statement season. "Demand conditions for 2012 remain uncertain, although we are cautiously optimistic on the UK environment versus the rest of Europe," the Swiss broker said. "Ann
Read moreThursday broker round-up - UPDATE
22nd Dec 2011 08:21
Kingfisher: Credit Suisse reiterates outperform rating and 310p target. Next: Credit Suisse maintains outperform rating and 3,000p target. Marks & Spencer: Credit Suisse cuts target from 345p to 334p, neutral rating unchanged. Home Retail: Credit Suisse cuts target from 85p to 70p, keeps underper
Read moreMonday broker round-up - UPDATE
5th Dec 2011 08:45
Kingfisher: Credit Suisse raises price target to 310p from 295p, outperform rating kept. Berkeley Group: Credit Suisse raises target to 1,225p from 1,079p, maintains neutral. Berkeley Group: UBS raises target to 1,530p from 1,480p. BG Group: UBS ups price target to 1,635p from 1,600p, stays at
Read moreFriday broker round-up - UPDATE
2nd Dec 2011 09:42
Rolls Royce: UBS downgrades to sell from neutral, cuts target to 600p from 610p. Admiral: RBC initiates at underperform with a price target of 890p. Standard Chartered: Nomura reiterates buy recommendation and 1,800p target. Admiral: Investec maintains sell rating, cuts target to 570p from 843
Read moreLondon close: Footsie falls back below 5,500
1st Dec 2011 16:35
Despite a strong rise before on the back of some better-than-expected manufacturing data from the US, London's benchmark index pulled back to finish close to its lowest levels of the day. Nevertheless, after yesterday's eye-watering rally which saw benchmark indices across the globe jump between 3-5
Read moreFTSE 100 Movers: Resolution continues on the up
1st Dec 2011 15:00
Resolution continued to rise following yesterday's news that the High Court has approved its scheme to transfer certain parts of its businesses to Friends Provident Life and Pensions Limited, the main UK life assurance company owned by the company's subsidiary, Friends Life Group. The transfer will
Read moreBroker tips: Kingfisher, Cairn Energy, Retailers
1st Dec 2011 12:49
While B&Q and Screwfix owner Kingfisher reported third quarter profits ahead of Investec's forecasts, the broker has reiterated its hold rating given the "undemanding valuation metrics". "We have...cut our outer year forecasts in anticipation of negative LFLs [like-for-likes] in France next year, a
Read moreLondon midday: Footsie nudges higher despite poor data
1st Dec 2011 12:02
UK stocks have jumped into positive territory after European bond auctions saw strong demand, but gains are likely to be limited by a string of poor manufacturing data out this morning. Investors will still be digesting the news of a co-ordinated intervention by major central banks to provide cheap
Read moreBroker snap: Investec keeps hold of Kingfisher
1st Dec 2011 11:14
While B&Q and Screwfix owner Kingfisher reported third quarter profits ahead of Investec's forecasts, the broker has reiterated its hold rating given the "undemanding valuation metrics". The group delivered a third quarter retail profit of £273m, up from £240m last year and £10m ahead of Investec's
Read moreThursday broker round-up - UPDATE
1st Dec 2011 09:56
Royal Bank of Scotland: Evolution Securities cuts target from 40p to 35p, buy rating unchanged. Marks & Spencer: Investec downgrades from buy to hold. Next: Investec upgrades from hold to buy. Kingfisher: Investec reiterates hold, target cut from 245p to 235p. Cairn Energy: UBS cuts target from
Read moreLondon open: Equities becalmed
1st Dec 2011 09:19
Footsie has been bobbing above and below the 5,500 level this morning as the market takes a pause for breath after yesterday's mad rush higher. REPAIR TO THE PUB DIY retailer Kingfisher is a top performer after a well-received trading update. The B&Q owner saw year-on-year like-for-like (LFL) sale
Read moreLondon pre-open: Sedate progress expected
1st Dec 2011 07:44
After yesterday's wild rises, progress is set to be more sedate this morning, with traders unsure whether profit-takers will be out in force. City sources predict the FTSE 100 will open around 28 points higher than yesterday's close of 5,505. DIY retailer Kingfisher saw year-on-year like-for-like
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