Tuesday broker round-up
11th Sep 2012 09:29
3i Group: Oriel Securities downgrades to hold. AB Foods: HB Markets upgrades to buy. ARM Holdings: UBS raises target from 645p to 750p, buy rating kept. ASOS: Investec upgrades from hold to buy, 2,450p target kept. Bunzl: Goldman Sachs downgrades to sell, target cut from 978p to 965p. Burberry:
Read moreFriday broker round-up
7th Sep 2012 09:03
ASOS: Jefferies keeps buy rating and 2,199p target. AstraZeneca: Morgan Stanley upgrades to equal weight. Aviva: AlphaValue downgrades to add, target lifted from 385p to 389p. Barclays: Deutsche Bank upgrades to buy. Dixons: Nomura keeps neutral rating and 20p target. Legal & General: Credit Su
Read moreLondon close: Markets celebrate ECB bond-buying plan
6th Sep 2012 16:41
- ECB unveils bond-buying details - Stocks surge in afternoon trade, helped by US data - BoE maintains rates and QE Global stocks markets rocketed higher on Thursday afternoon after European Central Bank (ECB) President Mario Draghi revealed details of the bank's bond-buying plan. London's Footsie
Read moreFTSE 100 movers: ECB bond-buying plan spurs risk appetite
6th Sep 2012 15:33
The heavyweight mining and banking sectors rejoiced the European Central Bank's (ECB's) bond-buying plan on Thursday with investors hoping that this could mark a turning point in the ongoing Eurozone debt crisis. Vedanta, Antofagasta and Randgold were leading the charge in the resource sector while
Read moreLondon midday: All eyes turn to Draghi as BoE holds rates
6th Sep 2012 11:33
- All eyes on the ECB and Draghi - BoE keeps rates and QE unchanged - Economic data from the US also in focus Just a handful of stocks on London's Footsie were in the red by Thursday lunchtime as markets geared up to a pivotal policy announcement by the European Central Bank (ECB). The UK's Moneta
Read moreBroker tips: Lloyds, Whitbread, Morrisons
6th Sep 2012 10:55
Investec says that the news of another regulatory fine at Lloyds should only have a little impact, seeing as though the banking group still has a lot of mis-selling issues hanging over its head. The broker has maintained its 'hold' rating and 36p target price for the stock. He said: "The cost of re
Read moreBroker snap: Morrisons trading at 'unjustified' discount
6th Sep 2012 10:53
Supermarket group Morrisons is trading at an 'unjustified' discount to its peers, according to Jefferies which was maintained its 'buy' rating and 350p target price on the stock after the firm's strong set of interim results. Morrisons reported a pre-tax profit of £445m in the first half, 3% higher
Read moreThursday broker round-up - UPDATE
6th Sep 2012 09:00
Abcam: Canaccord Genuity keeps hold rating and 370p target. AG Barr: Societe Generale upgrades ot hold, target lifted from 370p to 440p. ASOS: Nomura ups target from 1,660p to 1,700p, neutral rating kept. Barclays: Credit Suisse downgrades to neutral, target cut from 215p to 200p. BG Group: Gold
Read moreLondon open: Stocks gain on ECB optimism
6th Sep 2012 08:34
- Crucial day for Europe, ECB decision eyed - Bank of England expected to hold fire - Whitbread, Morrisons and miners lead risers Some strong gains from Whitbread, Morrisons and host of miners assured that the Footsie got off to a decent start on Thursday morning, as markets awaited a pivotal polic
Read moreMorrisons fares better than feared in fierce market
6th Sep 2012 08:01
Customers at supermarket chain Morrisons are watching the pennies, bringing like-for-like sales growth grinding to a halt, but the group still managed to grow underlying profits. In the half-year to July 29th the supermarket leviathan saw sales rise 2.3% to £8.9bn from £8.7bn at the interim stage l
Read moreLondon pre-open: All eyes on the ECB
6th Sep 2012 07:49
UK stocks are predicted to open slightly higher this morning on a big day for the markets as investors await a policy decision from the European Central Bank (ECB). The Footsie is expected to open around 20 points higher than yesterday's close of 5,658. All eyes are on ECB President Mario Draghi w
Read morePressure on spending begins to tell at Morrisons
6th Sep 2012 07:10
Supermarket chain Morrisons saw like-for-like (LFL) sales decline in the first half of its financial year, which the group attributed to sustained pressure on consumer spending. LFL sales, excluding fuel and VAT, were down 0.9% in the half-year to July 29th from the corresponding period of last yea
Read moreThursday preview: ECB, BoE, Morrisons, Whitbread
5th Sep 2012 16:24
Central bank decisions will be in focus on Thursday with the announcement by the European Central Bank (ECB) more eagerly anticipated than the outcome of the Bank of England's Monetary Policy Committee (MPC) meeting. "We regard it as very unlikely that the ECB will announce a yield cap or a very d
Read moreFTSE 100 movers: Miners dominate risers on Chinese stimulus hopes
3rd Sep 2012 14:17
A strong showing by the miners assured that the Footsie was firmly in the red on Monday afternoon in spite of some steep falls for some heavyweight stocks, such as Glencore, Admiral and ARM Holdings. Disappointing Chinese economic figures, which usually results in a sell-off in the mining sector, h
Read moreLondon midday: Stimulus hopes increase ahead of ECB meeting
3rd Sep 2012 11:29
- ECB to meet Thursday, all eyes on Draghi - Chinese data disappoints, prompts expectations for stimulus - Glencore/Xstrata merger at risk ahead of vote UK stocks were making strong gains on Monday morning with miners leading the way as investors showed optimism that central bankers will act to boo
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