London midday: Stocks boosted by stimulus hopes, Chinese imports
10th Apr 2013 11:37
Optimism regarding central-bank stimulus was driving gains on stock markets on Wednesday morning following recent comments from Japan and ahead of an announcement from the Federal Reserve later today. Investors were shrugging off a surprise trade deficit in China in March, as the data showed a stro
Read moreMorrison jobs at risk after introduction of new technology
10th Apr 2013 11:35
Hundreds of jobs are said to be at risk at supermarket giant Morrison after it brought in new cash-handling technology at its stores. The new initiative, which has been introduced to improve its competitiveness, has put almost 700 positions in jeapordy. According to reports, the company has begu
Read moreLondon open: Chinese demand hopes drive markets higher early on
10th Apr 2013 08:20
Stocks started Wednesday's session with decent gains, tracking Asian markets higher after on the back of optimism regarding central-bank stimulus. Investors were shrugging off a surprise trade deficit in China in March, as the data showed a strong rebound in imports. Export growth, however, was wea
Read moreWednesday newspaper round-up: Morrisons, Germany, Aggreko...
10th Apr 2013 06:50
According to The Independent, around 700 jobs are at risk at supermarket group Morrisons after the firm launched an automated cash-handling technology in back offices in an effort to improve competitiveness. The group has started consultations with cash office managers. Billionaire investor George
Read moreLondon close: Stocks gain on US data, but Cyprus still in focus
26th Mar 2013 16:42
Strong economic data from the States lifted stocks in afternoon trade on Tuesday, but UK markets remained rangebound with one eye kept firmly on Cyprus. US durable-goods orders grew at a 5.7% clip in February from a month earlier, well ahead of the 3.9% increase forecast by the consensus. Meanwhile
Read moreFTSE 100 movers: Morrisons moves up the ladder
26th Mar 2013 14:37
Morrison shares soared after Citigroup raised its recommendation from 'neutral' to 'buy'. The broker said it has the "strongest economic model of the three listed UK supermarkets" which also include Tesco and Sainsbury. It comes despite the firm this month reporting its first annual profit decline
Read moreBroker snap: Morrisons shares up on Citigroup upgrade
26th Mar 2013 11:46
Morrison Supermarket's shares jumped Tuesday after Citigroup raised its recommendation from 'neutral' to 'buy'. The broker said the company has the strongest economic model of the three listed UK supermarkets, with a higher combination of asset turn and margin. "Over the long-term we think Morris
Read moreLondon close: Stocks trim losses as bank-run fears subside
18th Mar 2013 16:44
After registering sharp declines early on, stock markets across Europe had clawed back losses by the close of trade on Monday, as concerns of a contagious bank run across the Eurozone periphery were eased. Markets suffered a steep sell-off in the morning session after this weekend's controversial b
Read moreLondon close: US sentiment data dampens stocks as traders take profits
15th Mar 2013 16:51
UK stocks finished the week on a dull note as disappointing data from the States and an ongoing summit of European leaders in Brussels dampened risk appetite in afternoon trade. Following a barrage of impressive US economic figures over recent weeks - especially from the labour market - sentiment w
Read moreFTSE 100 movers: IAG boosted by Morgan Stanley comments
15th Mar 2013 15:09
Airline group IAG was performing well today after Morgan Stanley upgraded its recommendation on the stock to 'overweight', while Aggreko received a boost by Deutsche Bank, which upped the shares to 'buy'. Chip designer ARM Holdings was also higher after Jefferies upgraded the stock from 'hold' to
Read moreLondon midday: Markets fall ahead of Eurozone meetings, US data
15th Mar 2013 11:47
Meetings in the Eurozone and a relatively quiet day on the corporate earnings calendar meant that the UK stock market was trading firmly in the red on Friday morning as traders booked profits after recent gains. The S&P 500 in New York finished just a couple of point shy of its all-time high on Thu
Read moreBroker tips: ARM, Morrison, bwin.party
15th Mar 2013 11:25
Jefferies has raised its recommendation for chip designer ARM Holdings from 'hold' to 'buy' and lifted its target price from 805p to 1,300p, saying that the business looks well-positioned for the mid-to-long term. Jefferies expects ARM's earnings growth - at a three-year compound annual growth rat
Read moreBroker snap: Morrison deserves discount until momentum improves, says Credit Suisse
15th Mar 2013 10:04
Credit Suisse has trimmed its estimates for supermarket group Morrison despite an in-line 2012, saying that it is looking for evidence of sustained momentum. The broker said it was left with new questions after the company's full-year results this week. Negative like-for-like (LFL) growth in the
Read moreLondon close: US labour data boosts stocks late on
14th Mar 2013 16:33
Global stock markets registered decent gains on Thursday as US labour-market figures continued to beat forecasts, pushing the S&P 500 in New York close to an all-time high. The S&P 500 was trading around 1,560 by the close of trade in London (12:30 in New York), just a few points from the record-hi
Read moreLondon midday: Stocks make gains ahead of EU summit
14th Mar 2013 11:34
Strong gains from Aggreko, Morrison, Ocado and Home Retail pushed UK stocks higher on Thursday morning offsetting weakness in the heavyweight mining sector, as traders awaited the start of the EU summit and economic data from the States later on. US banking giant Goldman Sachs yesterday hiked its n
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