London close: Subdued finish to a quiet day
11th Feb 2013 16:34
The FTSE 100 was swinging between gains and losses for most of Monday's session with markets across Europe lacking direction on a quiet day. "Global markets are trading lower today which may be related to the significant strength within the markets within 2013," said market analyst Craig Erlam from
Read moreSector movers: Retailers gain as Tesco boosted by upgrade
11th Feb 2013 15:59
Food retailers were on shopping lists on Monday afternoon, with supermarket giant Tesco making gains after an upgrade by Exane BNP Paribas. The French broker raised its rating for the stock from 'underperform' to 'neutral' and lifted its target price from 320p to 375p, saying that company is "begin
Read moreMonday broker round-up UPDATE
11th Feb 2013 07:41
Aquarius Platinum: Deutsche Bank shifts target price from 82p to 83p keeping a buy recommendation. AstraZaneca: JP Morgan cuts target price from 2970p to 2750p and retains an underweight rating. Avation: WH Ireland ups target price from 120p to 140p, while its buy recommendation is kept. Bellway:
Read moreFriday broker round-up UPDATE
1st Feb 2013 07:55
Afren: HSBC shifts target price from 190p to 200p, while reiterating an overweight rating. Antofagasta: Exane BNP reduces target price from 1500p to 1350p maintaining an outperform rating. Antrim Energy: Westhouse Securities lowers target price from 70p to 65p and reiterates a buy recommendation.
Read moreAvesco Chairman adds to stake, while fellow directors sell
30th Jan 2013 16:16
Avesco, an AIM-listed corporate services provider, said Wednesday that its Chairman, Richard Murray, acquired 200,000 ordinary shares at 150p a go, as a number of his fellow board members opted to downsize their holdings in the group. Murray's transaction was by far the largest, costing him a tota
Read morePetrol pump competition is fair, OFT decides
30th Jan 2013 14:35
Competition at petrol stations is fair, the Office of Fair Trading (OFT) announced Wednesday. In an call for information launched in September last year, the OFT determined that competition at the pump is "working well", and blamed the increases in petrol and diesel over the past 10 years on rising
Read moreSunday newspaper round-up: Barclays, Carney, BP
27th Jan 2013 16:23
Barclays is planning a swoop on the financial markets to raise billions of pounds of new capital ahead of a showdown with the Bank of England. Sources close to the bank say it could launch the move within weeks to kill off questions about its financial strength. All Britain's banks are on edge as th
Read moreLondon close: Stocks hold on to gains despite poor start on Wall Street
18th Jan 2013 16:49
- Chinese Q4 growth beats forecasts - Results from US bellwethers come in mixed - EVRAZ leads Footsie higher on steel hopes UK stock markets managed to hold on to gains on Friday as better-than-expected data from China lifted sentiment, though the Footsie did finish below its intraday high after so
Read moreFTSE 100 movers: EVRAZ makes strong gains
18th Jan 2013 15:52
EVRAZ was making gains even though it said that steel production fell six per cent from the third quarter to the fourth, as a result of scheduled maintenance at its ZSMK steel mill in the Siberia region. The stock was being given a lift this morning by comments from Credit Suisse about the steel s
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreSainsbury and Tesco confirmed as top food retailers going into 2013
15th Jan 2013 14:18
Sainsbury has been confirmed as the joint top performing food retailer going into 2013, alongside Tesco, following a report by market researcher Kantar Worldpanel. According to data published Tuesday, both companies delivered a 3.9% cash sales growth rate in the six weeks to January 6th, with mark
Read moreBroker snap: Ocado continues to underperform, says Panmure
15th Jan 2013 10:51
Panmure Gordon continues to label grocery group Ocado as a 'sell', saying that company is still underperforming expectations and its multi-channel competitors. The company said on Tuesday morning that gross sales for the six weeks to January 6th were up 14.2% year-on-year at £91.6m, which Panmure l
Read moreMonday broker round-up UPDATE
14th Jan 2013 06:57
Aberdeen Asset Management: JP Morgan ups target price from 414p to 479p and retains an overweight rating. HSBC downgrades to neutral. Aggreko: UBS cuts target price from 2350p to 2250p maintaining a buy rating. ARM Holdings: Piper Jaffray downgrade to neutral. Ashmore Group: JP Morgan shifts ta
Read moreAsda boardroom shake-up could benefit rivals
11th Jan 2013 15:21
The relocation by Asda's Chief Operating Officer (COO) to parent company Wal-Mart may not have grabbed the headlines in the supermarket industry on Friday, but one analyst believes that the move has positive read-through for Asda's rivals in the UK. Judith McKenna, who has worked for Asda for many
Read moreThursday preview: Tesco unveils trading results
9th Jan 2013 14:54
Tesco will be on everyone's lips Thursday as the world's third largest retailer releases a trading update. The supermarket giant was falling 0.80% to 348.65p on Wednesday afternoon ahead of the announcement. That, despite a hike in shares in the lead up to trading results from other major retaile
Read more