Wednesday broker round-up UPDATE
25th Sep 2013 09:46
Amec: JP Morgan reduces target price from 1301p to 1243p and stays with its neutral rating. Amlin: UBS ups target price from 400p to 450p upgrading from neutral to buy. BAE Systems: UBS takes target price from 450p to 490p and maintains a buy recommendation. BHP Billiton: Alphavalue shifts target
Read moreThursday broker round-up UPDATE
19th Sep 2013 08:20
ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura
Read moreLondon close: Stocks sink into the red ahead of FOMC outcome
18th Sep 2013 16:23
After a range-bound morning session, markets sunk into the red on Wednesday afternoon as investors reduced their appetite for risk ahead of the Federal Reserve policy decision later this evening. The FTSE 100 closed 11.35 points lower at 6,558.82, the index's second day in negative territory after
Read moreFTSE 100 movers: ITV, Tate & Lyle, Reckitt Benckiser
13th Sep 2013 14:14
ITV was the top riser after Nomura raised its target price from 170p to 200p and reiterated a 'buy' rating for the stock. The broker said that a continuing improvement in the UK economic outlook prompted it to raise its ad forecasts for 2013 and 2014. Tate & Lyle jumped after analysts at Berenberg
Read moreFriday broker round-up UPDATE
13th Sep 2013 08:26
ASOS: Panmure Gordon raises target price from 4555p to 5950p maintaining a buy recommendation. AstraZeneca: Jefferies reduces target price from 3200p to 2850p and retains a hold recommendation. Barclays: Jefferies initiates with a target price of 367p and a buy recommendation. Barratt Development
Read moreLondon close: Stocks flat as eyes turn to Fed meeting
12th Sep 2013 16:37
The spotlight was back on US economic data on Thursday with markets ending flat as investors looked ahead to the next policy meeting at the Federal Reserve. The FTSE 100 finished just 0.55 points higher at 6,588.98. Nevertheless, this was still the third straight day in positive territory for Londo
Read moreSector movers: Morrisons, Ocado give retailers a boost
12th Sep 2013 15:14
A well-received set of first-half results from Morrisons gave a boost to the food retail sector on Thursday, helped by an update from joint-venture partner Ocado. Morrisons reported a 21.8% drop in pre-tax profit for the six months to August 4th from £440m to £344m on sales that were broadly flat a
Read moreFTSE 100 movers: Morrisons rises on H2 expectations
12th Sep 2013 14:36
Morrison Supermarkets was in the top spot this afternoon after saying it expects sales to improve in the second half. The rise came despite a fall in first half profit on nearly flat turnover. Analysts at Jefferies said it was a "mixed" first half, but an "undemanding valuation and a clear reduction
Read moreLondon midday: Stocks flat after recent gains
12th Sep 2013 11:31
UK markets were trading broadly flat on Thursday morning as investors digested recent developments in Syria some disappointing industrial production figures from the Eurozone. Traders were also showing caution as eyes begin to turn to the upcoming policy meeting at the Federal Reserve. The FTSE 1
Read moreBroker tips: Barclays, Morrisons, SABMiller
12th Sep 2013 11:27
Investec has downgraded its rating for banking group Barclays from 'buy' to 'add' but maintains that it is its preferred UK domestic lender. The target price for the stock has been lowered from 345p to 330p to reflect the impact of forthcoming dilution from the bank's so-called 'Leverage Plan'. "Th
Read moreBroker snap: Morrisons' valuation 'undemanding', says Jefferies
12th Sep 2013 10:20
Jefferies has reiterated its 'buy' rating and 310p target price for supermarket group Morrisons, saying that the stock's valuation is 'undemanding' despite its recent strong run. Morrisons' share price advanced on Thursday morning despite the company reporting flat sales and falling profits and mar
Read moreLondon open: Stocks flat as focus turns to Fed meeting
12th Sep 2013 08:19
UK markets paused at a one-month high on Thursday morning as easing fears over Syria gave investors the chance to focus on the upcoming policy meeting at the Federal Reserve. Traders were also showing caution ahead of speeches from Bank of England Governor Mark Carney as he testifies to the Treasur
Read moreLondon pre-open: Markets seen flat after hitting one-month high
12th Sep 2013 07:32
Markets are expected to open flat on Thursday, pausing at a one-month high, as traders begin to look forward to the next Federal Reserve policy meeting. City sources predict the FTSE 100 will open more or less unchanged from yesterday's close of 6,588.43 - this was its highest closing price since
Read moreThursday newspaper round-up: Royal Mail, Pensioners, Water bills
12th Sep 2013 07:16
The government will formally begin the sale of Royal Mail on Thursday by announcing its intention to float the 497-year-old postal service on the London Stock Exchange. It is the most ambitious privatisation since the sale of the railways in the 1990s and is forcefully opposed by the unions, who are
Read moreMorrison's half-year profits fell on nearly flat sales - UPDATE
12th Sep 2013 07:06
Morrison Supermarkets reported a 21.8 per cent drop in pre-tax profit for the six months to August 4th, blaming a challenging market. The outfit, however, does expect sales to improve in the second half. Profit before tax fell to £344m from £440m as total turnover was nearly flat at £8.938bn, versu
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