MRW.L Share News

London midday: Miners pull UK stocks lower after weak Chinese data

11th Sep 2014 11:56

Weakness in the heavyweight mining sector pushed UK equity markets into the red on Thursday, outweighing a decent performance by financial stocks. Underwhelming interim results from the likes of Morrisons and Next were also weighing on sentiment in London. The FTSE 100 was trading 0.4% lower at 6,8

Broker tips: UK banks, Morrisons, Admiral

11th Sep 2014 11:55

Investec has recommended investors to "overweight banks" exposed to Scotland given its prediction of the 'no' campaign coming out on top in the Scottish referendum. "We reaffirm our call for those with a short-term (eight-day) investment horizon to overweight banks with actual or perceived exposure

Shore Capital's 'sell' rating for Morrisons under review after H1 beat

11th Sep 2014 10:52

Analysts at Shore Capital have placed their long-standing 'sell' recommendation for Morrisons under review after the supermarket group beat its profit forecasts for the first half. The company back in March unveiled an aggressive price-cutting strategy and self-help programme to improve its position

London open: UK markets flat despite decent gains from banks

11th Sep 2014 08:28

Despite decent gains by Royal Bank of Scotland, the UK stock market opened more or less flat on Thursday morning as investors speculated about stimulus measures in China. London's FTSE 100 was trading at 6,828 in early deals, down slightly on Wednesday's close of 6,830.11. While concerns about the

London pre-open: FTSE to track gains in the US

11th Sep 2014 07:44

Blue chips are expected to begin the day on a positive note on Thursday, lifted by an upbeat performance in the US overnight and following comments from the Bank of England (BoE) Governor about the risk of Scottish independence on bank stability. City sources predict the FTSE 100 will open around 20

Morrisons' interim revenue down 4.9%, underlying pre-tax profit drops 51%

11th Sep 2014 07:17

Morrisons' H1 profits sink but management confident about turnaround

11th Sep 2014 07:14

As promised, UK supermarket chain Wm Morrison lifted its interim dividend by 5% but reported a 51% drop in underlying profits in its first half and said that like-for-like (LFL) sales momentum is "yet to improve". The grocer, which in March announced a wave of aggressive price cuts to battle the so-

Thursday preview: Wm Morrison dividend in focus

10th Sep 2014 15:43

Tomorrow is “Super Thursday” for retail followers in the City, with interim results from FTSE 100 heavyweights Next and Morrison, as well as but also a quarterly updates from FTSE 250 pair Ocado and Home Retail, together with updates from small caps Dunelm and Darty and the privately hel

London close: Referendum jitters weigh on stocks

9th Sep 2014 18:20

London shares ended Tuesday’s session in the red as jitters about the Scottish independence referendum offset more positive economic news. The FTSE 100 Index closed 5.77 points down at 6,829 as investors chewed over one poll giving Scottish separatists the lead and another with the ‘no&r

FTSE 100 movers: Citigroup comments lift Morrisons

9th Sep 2014 15:39

Supermarket chain WM Morrison moved north after Citigroup upgraded its rating on the stock to 'buy'. The bank said that the company's 7.5% dividend yield is "safe", playing down recent concerns that have weighed on the shares in recent weeks. JP Morgan Cazenove reiterated its 'underweight' position

Broker tips: Morrison, Rightmove, Petra Diamonds

9th Sep 2014 12:59

Comments from Citigroup were giving the share price of Wm Morrison a boost on Tuesday as it upgraded its rating on the stock from 'neutral' to 'buy' and said that the company's 7.5% dividend yield is "safe". Analyst Pradeep Pratti said that the company should generate around £350m of free cash flow

London midday: Stocks inch lower on Scottish vote concerns

9th Sep 2014 11:45

UK stocks fell for the third straight day on Tuesday as uncertainty caused by the upcoming Scottish referendum and geopolitcal tensions in eastern Europe dampened risk appetite. The FTSE 100 was 0.1% lower at 6,829 by midday, though it traded within a narrow range for most of the morning. Equity ma

Citi upgrades Morrisons to 'buy', plays down dividend concerns

9th Sep 2014 10:51

Comments from Citigroup were giving the share price of Wm Morrison a boost on Tuesday as it upgraded its rating on the stock from 'neutral' to 'buy' and played down recent concerns about a dividend cut. "We believe Morrison's circa 7.5% dividend [yield] is safe," said analyst Pradeep Pratti. He sai

London open: Subdued start as markets await UK data

9th Sep 2014 08:39

UK stocks were trading slightly lower on Tuesday morning as investors prepared for a raft of economic data on the British economy. The FTSE 100 was 0.1% lower at 6,830 in early deals, trading in the red for the third straight day. Stocks came under pressure on Monday on the back of growing support

Sunday newspaper round-up: BP, Morrisons, UK equities

8th Sep 2014 11:36

BP is preparing for a long legal battle that could delay for several years the financial impact of Thursday's court ruling that it acted with gross negligence and wilful misconduct in the Deepwater Horizon disaster, the Financial Times reported. "It's going to be a long time before we resolve this,"