Monday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
Read moreSunday share tips: Tesco, Next, Ideagen
17th Mar 2014 07:01
Sell shares of Tesco, the Sunday Telegraph's Questor column advised. Britain's biggest retailer's market share is large at 28.7% but it is falling. Tesco has not yet cut prices in its attempts to revive its fortunes. WM Morrison has promised to cut prices and Tesco could follow but, along with plann
Read moreLondon close: Concerns over Ukraine and Russia send stocks lower
14th Mar 2014 16:59
- FTSE closes down 25.89 at 6,527.89 - Ukraine and China give lower sentiment - UK construction output 1.8 per cent in January techMARK 2,765.31 -0.77% FTSE 100 6,527.89 -0.40% FTSE 250 16,124.92 -0.38% Ongoing concerns about Ukraine and China ensured a poor finish to the week for UK stocks. The
Read moreSector movers: Supermarkets recover after Morrison-inspired sell-off
14th Mar 2014 14:40
Food and drug retailers were the best performing stocks on Friday as sentiment in the sector recovered after a sell-off the previous session. WM Morrison dropped 12% on Thursday after the supermarket missed profit forecasts with its guidance for this year as it announced a major £1bn investment pro
Read moreLondon midday: Stocks extend losses ahead of Crimea referendum
14th Mar 2014 11:38
- Ukraine tensions rise ahead of Crimea vote - Analysts cut forecasts for China - Banking stocks mixed - US lifts ban on BP GoM contracts techMARK 2,765.64 -0.76% FTSE 100 6,529.08 -0.38% FTSE 250 16,062.45 -0.76% The FTSE 100 was registering losses for the sixth consecutive session as investors s
Read moreFriday broker round-up UPDATE
14th Mar 2014 09:07
Barclays: Nomura reduces target price from 305p to 285p staying with its buy recommendation. Investec lowers target price from 305p to 295p and keeps its buy recommendation. Ferrexpo: Westhouse Securities increases target price from 190p to 220p and reiterates a buy recommendation. F&C Asset Manag
Read moreLondon close: FTSE falls as Morrison, China, and Ukraine weigh on sentiment
13th Mar 2014 16:59
- FTSE closes down 67.12 at 6,553.78 - UK house prices ease in February - Supermarkets drag - BoE announced banking bonus reforms techMARK 2,786.87 -1.08% FTSE 100 6,553.78 -1.01% FTSE 250 16,186.23 -0.86% UK stocks finished sharply lower, dragged by supermarkets, woes about Chinese growth, and r
Read moreSector movers: Discounter fears rattle grocery stocks as WM Morrison drops
13th Mar 2014 15:22
Supermarket investors' concerns about the competitive threat from cheaper chains were reignited on Thursday after WM Morrison missed profit forecasts with its guidance for this year, causing the food and drug retail sector to take a big hit. The Morrisons chain, which is the fourth-largest supermar
Read moreWM Morrison making 'difficult decisions' to adjust to changing market - UPDATE
13th Mar 2014 15:05
- Turnaround aimed at carving a 'clear position in the market' - Company investing to cut prices and re-adjust promotions - Morrisons 'needs to adjust' to changing market, says CEO WM Morrison's shares were trading at levels not seen since 2006 after its profit guidance for this year missed consens
Read moreFTSE 100 movers: Morrison leads supermarkets lower
13th Mar 2014 14:55
WM Morrison's share price dropped today after it issued a disappointing set of full-year results, with like-for-like sales falling 2.8 per cent. Chairman Sir Ian Gibson admitted that the company had been slow to adapt to the changing UK grocery market. The supermarket chain guided to an underlying
Read moreLondon midday: Supermarkets lead FTSE lower
13th Mar 2014 11:58
- FTSE 14 points lower - Supermarkets drag after Morrison's results - Chinese growth point to slowdown techMARK 2,804.40 -0.46% FTSE 100 6,608.61 -0.19% FTSE 250 16,261.58 -0.40% Stocks were being weighed down by the supermarket sector this morning, while concerns over a slowdown in Chinese growth
Read moreThursday broker round-up UPDATE
13th Mar 2014 09:07
Advanced Medical Solutions: FinnCap ups target price from 75p to 114p retaining its hold recommendation. Antofagasta: Investec cuts target price from 764p to 753p and retains a sell recommendation. Barclays: Numis shifts target price from 274p to 280p upgrading from hold to add. BBA Aviation: JP
Read moreBank of America cuts WM Morrison forecasts but stays upbeat
13th Mar 2014 09:00
Bank of America Merrill Lynch has lowered its target price for WM Morrison after a rebased profit outlook from the supermarket group, but kept a 'buy' rating on the back of its long-term prospects. Annual results for the year ended February 2nd were in line with estimates, Bank of America said, wit
Read moreLondon open: Markets hold at one-month low as WM Morrison sinks
13th Mar 2014 08:20
- WM Morrison sinks after annual results and review - Supermarket stocks sink sharply - Chinese data misses forecasts, again - Home Retail impresses with full-year guidance techMARK 2,813.76 -0.12% FTSE 100 6,616.81 -0.06% FTSE 250 16,313.25 -0.08% UK markets opened broadly flat on Thursday as a r
Read moreLondon pre-open: Little change expected on FTSE early on
13th Mar 2014 07:39
- FTSE to open around 10 points higher - Chinese data disappoints - Morrison posts FY loss UK stocks are expected to open with small gains today, following a mixed finish in the US, a stable performance in Asia overnight, despite weak data, and ahead of a raft of economic releases due out from the
Read more