Broker tips: Morrisons, Prudential, Home Retail
3rd Sep 2012 11:24
Nomura has downgraded its rating for supermarket group Morrisons after analysing the recent Kantar grocery survey. According to the survey, Morrisons' volume growth lagged behind its counterparts by around 4% at the last data point. "We recognise MRW's ability to preserve profitability, having fac
Read moreBroker snap: Nomura downgrades Morrisons on volume growth
3rd Sep 2012 11:02
Nomura has downgraded its rating for supermarket group Morrisons after analysing the recent Kantar grocery survey. The broker said that it has drawn two key conclusions from the survey: "(1) We think Tesco's reset is beginning to work with progressively improving volume data over the past six month
Read moreLondon open: Miners gain as stimulus hopes lift the mood
3rd Sep 2012 08:12
- Chinese PMI drops, but stimulus hopes increase - US data in focus ahead of Fed meeting - Eyes turn to ECB conference Stock markets across Europe opened moderately higher on Monday morning as some gloomy data from China spurred hopes that the country would join the list of nations who are expecte
Read moreSunday newspaper round-up: Barclays, IAG, Xstrata
2nd Sep 2012 18:19
Barclays's new chief executive has warned that its huge investment bank will be scaled back in response to tough new regulations and a stagnant economy. Antony Jenkins told The Sunday Times that he would not rely on a rebound in the global economy to fuel profit growth at the investment banking arm,
Read moreWeek Ahead: Central banks, Morrisons, Genus
31st Aug 2012 09:48
Central bank decisions will be in focus next week, particularly in the wake of the central bankers' economic symposium in Jackson Hole. Indeed, so busy is European Central Bank (ECB) President Mario Draghi preparing for next week's meeting that he has been unable to attend the jolly-up in the Wyomi
Read moreSector movers: Defensives perform well as risk appetite wanes
30th Aug 2012 15:49
Defensive sectors were benefiting from their 'safe-haven' attributes on Thursday as investors scaled back risk ahead of some key meetings of world leaders in the coming weeks, starting with the eagerly-anticipated Jackson Hole symposium which begins later this evening. Whether or not Federal Reserv
Read moreWednesday broker round-up -UPDATE
29th Aug 2012 09:38
888 Holdings: Investec upgrades from sell to buy target hiked from 18p to 95p. Advanced Medical Solutions: Singer Capital Markets upgrades to buy, target lifted from 80p to 82p. AstraZeneca: AlphaValue downgrades to reduce. Bunzl: Jefferies raises target from 835p to 860p, underperform rating kep
Read moreTuesday tips round-up: Mitie, FirstGroup, Eckoh
14th Aug 2012 07:02
After 25 consecutive years of growth outsourcing firm Mitie is highly valued but some in the City are wondering if the price has got ahead of itself, notes Tempus in The Times. Monday's trading statement indicates that all remains well. Mitie concedes that the world is in a difficult place, but rep
Read moreTuesday newspaper round-up: Spain, Tucker, Pensions
10th Jul 2012 07:03
IMF chief Christine Lagarde said signs of increased protectionism amid deteriorating global economic conditions were "alarming", and warned such measures affect everyone. "The latest report by the WTO [World Trade Organization] is quite alarming because there is a rise of protectionism," she said at
Read moreThursday broker round-up:
5th Jul 2012 08:06
Aquarius Platinum: Canaccord Genuity downgrades to hold. ARM Holdings: Jefferies maintains hold rating and 485p target. Ashmore: Citigroup cuts target from 400p to 350p, neutral rating kept. Babcock: Jefferies keeps buy recommendation and 970p target. Bellway: UBS raises target from 800p to 900p
Read moreLondon close: Stocks flat, attention turns to Barclays late on
4th Jul 2012 16:48
- Former Barclays CEO quizzed by MPs over LIBOR fixing - Market subdued as Wall Street closed - Tomorrow's policy decisions eyed After a brief foray into positive territory, gains for the Footsie were pared in the final hour of trade with the focus shifting to Barclays as its former boss was being
Read moreSector movers: ING takes down supermarket giants
4th Jul 2012 16:23
Food and drug retailers were the worst performers of the day on Wednesday after ING downgraded its ratings on two of the sector heavyweights. The Dutch broker this morning cut its recommendation for Tesco from 'hold' to 'sell' and cut its target price from 320p to 285p, saying that the supermarket
Read moreLondon open: Markets cautious ahead of policy decisions
4th Jul 2012 08:38
- Ex-div stocks provide a drag in London - Chinese economic data dampens the mood - US markets closed for national holiday UK stocks slipped in early trading on Wednesday with volumes expected to be light as US markets remain closed for Independence Day; investors are likely to be cautious ahead of
Read moreWednesday broker round-up
4th Jul 2012 08:19
African Minerals: Jefferies keeps buy rating and 800p target. Anite: Jefferies raises target from 155p to 160p, buy rating retained. Barclays: Nomura downgrades from neutral to reduce, target cut from 268p to 210p. British American Tobacco: AlphaValue downgrades from add to reduce, target raised
Read moreTuesday broker round-up - UPDATE
3rd Jul 2012 08:11
Anite: Jefferies reiterates buy rating and 155p target; Investec puts target under review, buy rating kept. Avocet Mining: Nomura slashes target from 220p to 120p, neutral rating kept. Barclays: Investec maintains buy rating and 240p target. BG Group: Deutsche Bank reduces target from 1,800p to 1
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