Thursday broker round-up UPDATE
5th Sep 2013 08:03
AMEC: Nomura reduces target price from 1300p to 1230p, while reiterating its buy recommendation. Antofagasta: Exane cuts target price from 1200p to 1100p maintaining an outperform rating. Ashtead Group: JP Morgan shifts target price from 729p to 734p and keeps a neutral rating. Associated British
Read moreSainsbury's achieves market share growth, reveals Kantar
28th Aug 2013 13:12
Sainsbury was the only one of Britain's top four supermarkets that achieved market share growth in the 12 weeks to August 18th, according to researcher Kantar Worldpanel. Total sales at Sainsbury grew 4.9% compared to a year ago, bringing the grocer's share of the £31.7bn market to 16.5%. "Sainsbu
Read moreShare tips: Morrisons, Hays, Chapel Down
25th Aug 2013 14:19
Add Morrisons to your basket of investments for a solid defensive stock, the Telegraph's Questor column advised. The supermarket group has filled the online gap in its service by teaming up with internet grocer Ocado and tight control of meat production meant it was not affected by the horsemeat sca
Read moreSainsbury's market share steady for first time since January
17th Jul 2013 10:33
J Sainsbury's share of the UK supermarket sector remained unchanged for the first time in six months as it was hit by competition, according to researcher Kantar Worldpanel. Market share of the third-largest food retailer held steady at 16.5% in the 12 weeks ended July 7th. It was the first time it
Read moreBroker tips: Tesco, Kingfisher, AG Barr
15th Jul 2013 11:44
The pricing gap between Tesco and rival supermarket Asda was the highest in two years in June, according to Morgan Stanley. The latest results of the broker's AlphaWise UK Food Retail Price Tracker show that its sample basket was 5.2% less expensive at Asda than at Tesco last month. Morgan Stanley
Read moreBroker snap: Tesco-Asda pricing gap widens, says Morgan Stanley
15th Jul 2013 10:24
The pricing gap between Tesco and rival supermarket Asda was the highest in two years in June, according to Morgan Stanley. The latest results of the broker's AlphaWise UK Food Retail Price Tracker show that its sample basket was 5.2% less expensive at Asda than at Tesco last month. This compared
Read moreMorrisons boss urges government to act on online tax
15th Jul 2013 06:43
Morrison Supermarkets Chief Executive Dalton Philips has urged Britain's government to address the tax imbalance between internet and high street retailers. Philips said Morrisons is willing to pay an online tax on its new internet delivery business if the government deals with the "massive disadva
Read moreMonday newspaper round-up: Tesco, BP, Morrison
15th Jul 2013 06:39
Tesco is looking to open its first store that combines a large Tesco Extra and a Dobbies garden centre in October, The Times reported. BP claims that US law firms in the Gulf of Mexico area have won some of the biggest compensation awards for themselves under settlements for the Deepwater Horizon
Read moreSunday newspaper round-up: ITEM Club, Morrison, Invensys
14th Jul 2013 14:11
When it issues its summer report, tomorrow, top economic forecaster ITEM Club will argue the economic recovery is real and solid and forecast that exports could jump by almost 5 per cent in 2014. The Club, which is independent, but bases its forecasts on the Treasury's own economic model, will predi
Read moreFriday newspaper round-up: Invensys, Nationwide, Microsoft
12th Jul 2013 06:59
British manufacturer Invensys is in takeover talks with Schneider Electric over a 3.3bn pound preliminary offer from the French company, The Telegraph reported. Ratings agency Moody's said Nationwide Building Society needs to raise £1.8bn to meet regulatory requirements on its capital strength, acc
Read moreBroker snap: Tesco, Morrison boosted by Exane upgrade
10th Jul 2013 17:28
Share prices of rival supermarket chains Tesco and Morrison received a boost on Wednesday after Exane BNP Paribas raised its ratings for both stocks. Tesco was 1.72% higher at 349.5p in afternoon trade after Exane upgraded the company from 'neutral' to 'outperform' and named it as its "favoured mak
Read moreLondon close: Stocks pare losses ahead of FOMC minutes
10th Jul 2013 16:56
Nervousness ahead of a Federal Reserve statement and disappointing trade figures from China weighed on markets on Wednesday, though a late rally on the FTSE 100 ensured that losses were only minor by the close. The FTSE 100 finished the session at 6,505, down just eight points (-0.12%) on the day a
Read moreSector movers: Tesco, Morrison lead retailers higher after Exane upgrade
10th Jul 2013 15:17
Share prices of rival supermarket chains Tesco and Morrison received a boost on Wednesday after Exane BNP Paribas raised its ratings for both stocks, lifting the food and drug retail sector higher. Tesco was 1.0% higher at 347.2p in afternoon trade after Exane upgraded the company from 'neutral' to
Read moreFTSE 100 movers: Burberry jumps after 'standout' first quarter
10th Jul 2013 14:27
Luxury fashion brand Burberry saw its share price jump on Wednesday after saying that it was pleased with its first-quarter retail performance as underlying revenues rose 18 per cent. Chief Executive Angela Ahrendts said that spring/summer 2013 was a 'standout' season. Petrofac was in demand after
Read moreWednesday broker round-up UPDATE
10th Jul 2013 08:59
Anglo American: Goldman Sachs reduces target price from 1400p to 1100p and retains a sell recommendation. Antofagasta: Goldman Sachs takes target price from 935p to 810p reiterating its neutral rating. Babcock: JP Morgan increases target price from 1230p to 1380p and retains an overweight rating.
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