Kingfisher puts in strong performance
1st Dec 2011 07:11
DIY retailer Kingfisher saw group retail profit soar 13% during the third quarter after total group sales rose 3.5%. The company, which owns the Screwfix and B&Q brands, generated £2.8bn through sales leading to a £273m retail profit. Chief executive Ian Cheshire said: "Our well-established prog
Read moreThursday preview: Greene King, Kingfisher
30th Nov 2011 14:42
November was a boozy month with updates from Mitchells and Butlers, Enterprise Inns, Young's, Fuller's and Marston's, and December - not the most teetotal of months - kicks off with Britain's biggest ale brewer, Greene King, updating the market. Investment analysts will be keen to see how well Gre
Read moreWeek Ahead: Pub groups, Kingfisher, US jobs
25th Nov 2011 14:18
We've had updates from Mitchells and Butlers, Enterprise Inns, Young's and Fuller's, and next week it is the turn of big hitters Marston's and Greene King to represent what used to be called the beerage, in jocular reference to the preponderance of toffs in the board rooms of Britain's brewers. Bot
Read moreUPDATE: Monday broker round-up
17th Oct 2011 09:31
Fresnillo: UBS cuts target to 1,700p from 2,000p, stays at neutral. Bunzl: Singer Capital Markets downgrades from buy to fair value, target cut from 891p to 710p. Kingfisher: Singer Capital Markets raises target from 260p to 270p. Jupiter Fund Management: RBS upgrades to hold from sell, raises ta
Read moreFTSE 100 Movers: Unilever rising after strengthened budget
14th Oct 2011 12:39
Consumer goods giant Unilever was on a lot of investors' shopping lists after announcing that it has strengthened its position in emerging markets with the acquisition of Russian beauty company Concern Kalina for RUB21.5bn (£440m). Kalina's main markets are Russia, Ukraine and Kazakhstan. It employ
Read moreUPDATE: Friday broker round-up
14th Oct 2011 08:59
Renishaw: finnCap downgrades from buy to hold, cuts target from 1,775p to 940p. Renishaw: UBS slashes target from 1,350p to 900p, neutral recommendation maintained. Renishaw: Singer Capital Markets slashes target from 1,350p to 900p, fair value rating kept. Royal Bank of Scotland: Evolution Secur
Read moreLondon close: Stocks close lower despite rally
11th Oct 2011 16:35
Stocks rallied towards the close as uncertainty over the euro situation continues to stoke volatility, but the top share index still finished in the red. A much awaited vote in Slovakia has yet to take place. Opposition parties in the small central European state could move to block Slovakian appro
Read moreLondon midday: Stocks fall as euro nerves resurface
11th Oct 2011 12:23
Stocks are firmly in the red now as investors nervously await a vote in Slovakia on ratification of the Eurozone rescue fund. Opposition parties in the small central European state could move to block Slovakian approval of the bailout fund, arguing that they shouldn't have to cough up to help Gree
Read moreLondon open: Banks take a hit after Moody's downgrade
7th Oct 2011 08:32
Equities took a knock in early trading after Moody's dampened sentiment with the downgrade of 12 UK financial institutions. Stocks were expected to extend gains made over the last two days on the back of hopes for the struggling Eurozone. BANKS LEAD THE FALLERS The banks were the worst performers
Read moreLondon close: Footsie jumps over 3% to finish above 5,100
5th Oct 2011 16:37
The Footsie finished near its intraday highs, as it jumped back towards the 5,100 level, after a modest start on Wall Street. Global sentiment was lifted last night after on the back of comments from the European commissioner for economic and monetary affairs. In an interview with the Financial Ti
Read moreUPDATE: Wednesday broker round-up
5th Oct 2011 09:12
Sainsbury: H2O Markets downgrades to hold. Tesco: Baadar Bank confirms buy rating and 500p target. Kingfisher: Investec keeps hold and 245p target. Wood Group: Investec places target under review, hold recommendation maintained. SuperGroup: Peel Hunt downgrades from buy to hold, target put unde
Read moreTuesday tips round-up: Ricardo, Aggreko, Reed Elsevier
27th Sep 2011 06:48
Ricardo has never been busier turning out the sort of supercars that would seem to be out of the price range of anyone barring investment bankers and Russian oligarchs. The company's performance products division, which is the part of Ricardo that actually makes things as opposed to advising how to,
Read moreUPDATE: Friday broker round-up
23rd Sep 2011 09:42
Tesco: Evolution upgrades from sell to neutral. Tesco: Nomura keeps its buy recommendation. Kingfisher: Nomura reiterates buy rating. Carnival: Charles Stanley keeps accumulate rating. HSBC: Evolution Securities maintains sell rating. Euromoney Institutional Investor: Investec retains buy rati
Read moreUPDATE: Thursday broker round-up
22nd Sep 2011 09:55
Burberry: AlphaValue downgrades to sell, target cut from 1,297p to 1,302.5p. Anglo American: Societe Generale upgrades to buy, target cut from 3,250p to 3,000p. TUI Travel: Numis Securities downgrades to hold, target decreased from 180p to 160p. Aegis Group: Barclays downgrades to equal-weight, t
Read moreLondon close: Triple-digit losses as Euro worries continue
19th Sep 2011 16:50
Shares failed to recover from an early slide as ongoing worries over the Eurozone situation continued to cast a shadow. The FTSE 100 closed down 108 points. Greek Prime Minister George Papandreou has cancelled a planned trip to the US to guide Greece through what could be a critical seven day peri
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