Broker tips: Morrison, Betfair, HomeServe, Defence stocks
13th Jan 2014 12:12
Broker Shore Capital said it expects activist investors to continue to show interest in supermarket group Morrisons as reports suggested it was planning to sell part of its shop portfolio. Shore highlighted claims that US funds such as Elliott Associates had built a stake in Morrisons with a possib
Read moreLondon midday: Markets little changed but banks rise
13th Jan 2014 11:40
- Banks rise as Basel eases capital rules - US earnings in focus this week - AMEC offers 1.9bn pounds for Foster Wheeler - US activist investors looking at Morrison, reports say techMARK 2,797.71 -0.15% FTSE 100 6,731.21 -0.13% FTSE 250 16,199.41 +0.05% UK stocks were swinging between gains and lo
Read moreBroker snap: Shore Capital sees activist investors circling Morrisons
13th Jan 2014 10:13
Broker Shore Capital said it expects activist investors to continue to show interest in supermarket group Morrisons as reports suggested it was planning to sell part of its shop portfolio. Shore highlighted claims that US funds such as Elliott Associates had built a stake in Morrisons with a possib
Read moreLondon open: Banking stocks buoy markets early on
13th Jan 2014 08:21
- Markets still digesting US jobs data - Banks rise as Basel eases leverage-ratio rules - AMEC offers 1.9bn pounds for Foster Wheeler techMARK 2,799.90 -0.07% FTSE 100 6,753.20 +0.20% FTSE 250 16,223.65 +0.20% UK markets opened higher on Monday morning though gains were only slight as investors co
Read moreSunday newspaper roundup: Morrisons, BP, Premier Foods
12th Jan 2014 16:05
Morrisons aims to return up to 800m pounds to investors by selling real estate, the Sunday Times said. The supermarket chain's property holdings are worth 9bn pounds and it owns 90 per cent of the portfolio. Big shareholders think Morrisons could cut its freehold ratio to 80 per cent and stay overwh
Read moreLondon midday: Stocks gain strongly as investors await US data, Tullow jumps
10th Jan 2014 11:21
- Tullow lifted by Statoil speculation - UK data misses forecasts - Focus on Fed ahead of non-farm payrolls techMARK 2,794.53 +0.72% FTSE 100 6,750.46 +0.88% FTSE 250 16,088.05 +0.87% UK investors were in a confident mood on Friday morning with markets gaining strongly ahead of the all-important D
Read moreLondon open: Tullow leads gains ahead of US jobs report
10th Jan 2014 08:26
- Tullow rises on Statoil speculation - Broker rating changes move stocks early on - Taper in focus as US jobs report due this afternoon techMARK 2,785.01 +0.37% FTSE 100 6,725.63 +0.51% FTSE 250 16,016.63 +0.42% UK stocks gained strongly on Friday morning as investors prepared themselves for the
Read moreLondon close: Markets fall after Draghi comments, supermarkets drop
9th Jan 2014 17:07
- Draghi says Eurozone recovery 'weak and modest' - BoE, ECB keep rates on hold - Morrison and Tesco disappoint with Christmas sales techMARK 2,774.65 -0.25% FTSE 100 6,691.34 -0.45% FTSE 250 15,948.97 -0.33% After a brief stint in positive territory, UK stocks sunk into the red on Thursday market
Read moreFTSE 100 movers: M&S shares recover despite Q3 miss
9th Jan 2014 15:26
Marks & Spencer shares were putting in a strong performance this afternoon, recovering somewhat after yesterday's third quarter miss. The stock was given a boost by Investec, which upgraded its rating from 'hold' to 'buy', saying that the business should now become cash generative given that the cur
Read moreMorrison shares tank after sharp drop in Christmas sales - UPDATE
9th Jan 2014 15:18
- Full-year profits to come in at bottom end of forecasts - LFL sales fall by 5.6 per cent over Christmas - Online shopping service "ready to launch" The share price of Wm Morrison tanked on Thursday after a disappointing sales performance over the key festive season with like-for-like (LFL) sales
Read moreBroker tips: M&S, Morrison, ARM, Spirent
9th Jan 2014 11:33
Numis Securities has scaled back its profit forecasts for Marks & Spencer (M&S) after the High Street retailer missed expectations in its third quarter. The broker maintained a 'hold' rating and 450p target price for the stock. Investec also reduced its forecasts for M&S after the results, but upgr
Read moreLondon midday: Stocks edge higher as BoE holds rates
9th Jan 2014 11:33
- Morrison, Tesco disappoint with Christmas updates - M&S rallies after Investec comments despite Q3 miss - BoE holds rates, ECB expected to do the same techMARK 2,796.74 +0.54% FTSE 100 6,738.35 +0.25% FTSE 250 16,031.24 +0.18% After a slow start, UK markets were registering small gains by Thursd
Read moreBroker snap: Panmure cuts Morrison target price after festive disappointment
9th Jan 2014 10:52
Panmure Gordon has trimmed its target price for Morrison and reiterated its 'sell' rating after a 'very disappointing Christmas' by the UK grocer. Total sales excluding fuel and VAT were 1.9% lower than last year in the six weeks to January 5th. On a like-for-like (LFL) basis, sales were down 5.6%.
Read moreLondon open: Markets fall ahead of central banks, Morrison and Tesco drop
9th Jan 2014 08:24
- Morrison, Tesco, Ted Baker fall after updates - RSA review identifies 'inappropriate' behaviour by Irish execs - BoE, ECB meetings and economic data in focus techMARK 2,783.32 +0.06% FTSE 100 6,709.13 -0.19% FTSE 250 15,959.96 -0.26% Heavy falls from supermarket stocks dragged UK markets lower o
Read moreMorrison cautions on profits as LFL sales fall sharply over Christmas
9th Jan 2014 07:12
- Sales down 1.9 per cent, LFL sales drop 5.6 per cent - Full-year profits to be at bottom end of expectations - Online shopping service 'ready to launch' British supermarket group WM Morrison has admitted that its sales performance over Christmas was 'disappointing' as it warned investors that ful
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