UK stocks push higher after Eurozone GDP as miners gain
14th Feb 2014 11:39
- Eurozone GDP beats forecasts in Q4 - Miners surge as metal prices gain - Retailers, financials, Coca-Cola HBC lead the fallers techMARK 2,827.29 +0.12% FTSE 100 6,662.15 +0.04% FTSE 250 16,102.29 +0.45% A better-than-expected pick-up in Eurozone economic growth gave UK stocks a small boost on Fr
Read moreUK stocks edge lower as investors await Eurozone GDP
14th Feb 2014 09:05
- Eurozone GDP figures ahead - Italian politics in focus as PM resigns - Miners rise strongly, banks and retailers fall techMARK 2,822.53 -0.05% FTSE 100 6,650.83 -0.13% FTSE 250 16,045.41 +0.10% UK stocks opened slightly lower on Friday morning with strong gains from mining stocks outweighed by w
Read moreBroker tips: Barclays, Tullow, Morrison
12th Feb 2014 13:06
UBS has cut its target price for Barclays from 295p to 280p and retained a 'neutral' rating after reducing forecasts for the banking group following its 2013 results. Analyst John-Paul Crutchley said: "We believe the market was looking for two things from Barclays: a balance sheet restructuring to
Read moreUK stocks hold gains despite complex new forward guidance from BoE
12th Feb 2014 12:02
- Carney revamps forward guidance - BoE focusing on 'spare capacity' in economy - Bank Rate to rise only gradually when tightening is needed - Morrisons in buyout talks with private-equity firms techMARK 2,824.49 -0.42% FTSE 100 6,683.78 +0.17% FTSE 250 16,060.03 -0.11% UK stocks held on to small
Read moreStatus quo to persist at Morrison despite buyout rumours, says Shore Capital
12th Feb 2014 09:07
Shore Capital has retained its 'hold' recommendation for shares of WM Morrison despite reports that the firm's founders are considering taking the supermarket group private. The Morrison family, who are thought to hold around 9-10% of the UK grocer, have spoken to a number of private-equity firms t
Read moreUK stocks flat ahead of Inflation Report, Morrisons gains
12th Feb 2014 08:24
- Markets await Inflation Report, forward guidance in focus - Yellen still in focus after taper comments - China trade surplus widens unexpectedly - Morrison gains on private-equity buyout hopes techMARK 2,826.88 -0.34% FTSE 100 6,678.65 +0.09% FTSE 250 16,076.98 -0.01% UK stocks opened more or le
Read moreWM Morrison founders considering private-equity buyout, report says
12th Feb 2014 07:51
The founding family of WM Morrison is said to be considering taking the supermarket group private, according to market reports on Wednesday. The Morrison family, who are thought to hold around 9-10% of the UK grocer, have spoken to a number of private-equity firms to gauge their interest, according
Read moreFTSE 100 movers: Barclays dives on poor results
11th Feb 2014 14:50
Barclays was the big faller of the day after the banking giant posted a worse-than-expected 32 per cent fall in 2013 adjusted pre-tax profit, with costs coming in higher than predicted. The group also unveiled its plan to cut between 10,000 and 12,000 job this year, 7,000 of which will be in the UK.
Read moreSector movers: Retailers mostly higher, but supermarket giants fall
11th Feb 2014 13:49
Retail stocks were putting in a mixed performance in London on Tuesday with general retailers making gains while supermarket chains headed lower. Overall, the UK retail sector registered healthy growth in January, according to figures released this morning by British Retail Consortium (BRC) which s
Read moreTesco and Morrisons lose in slowest market growth since 2005 - Kantar
11th Feb 2014 11:23
Supermarket chains Tesco, Morrisons and Asda lost out to upmarket rivals and discounters as the UK grocery market expanded at its slowest rate since 2005 in the last three months. Market growth slowed slightly to 2.4% in the 12 weeks to February 2nd, according to figures from retail researchers Kan
Read moreFood sales drop as spending habits change, Jefferies says
11th Feb 2014 11:21
The UK's retail sector registered healthy growth in January, if the British Retail Consortium's (BRC) latest figures were to be believed. However, the overall survey results masked a sharp underlying shift, as some consumers cut back on their food spend, making way in their budgets to move house, J
Read moreLondon midday: ARM, BP drag markets lower amid choppy session
4th Feb 2014 11:41
- Markets bounce off lows but still in negative territory - Stocks tracking losses in US, Asia - ARM, BP, Electrocomponents and Ocado lower after results techMARK 2,747.57 -0.70% FTSE 100 6,437.48 -0.44% FTSE 250 15,494.78 -0.41% It was a choppy morning for UK markets on Tuesday as stocks pared lo
Read moreBroker snap: Bernstein sees 'compelling entry point' at Sainsbury
4th Feb 2014 09:47
Supermarket group Sainsbury was a standout performer on the FTSE 100 on Tuesday morning after analysts at Bernstein upgraded the stock from 'market perform' to 'outperform', saying that it is a 'well-run retailer'. The broker kept its 430p target price unchanged. "Consumers know why they shop at S
Read moreLondon open: FTSE 100 at four-month low as ARM and BP fall
4th Feb 2014 08:22
- ARM, BP, Ocado fall as annual results disappoint - FTSE 100 at lowest since mid-October - Wall Street suffers worst drop since June 2013 techMARK 2,735.92 -1.12% FTSE 100 6,422.52 -0.67% FTSE 250 15,450.97 -0.69% UK stocks fell to their lowest levels in nearly four months on Tuesday morning as c
Read moreOcado sinks as annual losses widen, co-founder steps down
4th Feb 2014 07:48
- Loss before tax widens to 12.5m pounds, from 0.5m pounds - Gross sales grow 18.6 per cent - Expects to grow in line or ahead of market in 2014 - Co-founder Jason Gissing steps down Annual losses at online grocery group Ocado widened considerably last year despite decent top-line growth as costs a
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