Tuesday tips round-up: Morrisons, Kier, Segro
26th Jun 2012 07:03
In the Telegraph, Questor gives supermarket chain Morrisons a pummelling. The stock fell yesterday on news of the finance director leaving, while in some crucial areas the company appears to be playing catchup, notably in online sales and convenience stores. Trading on 10 times earnings, and lagging
Read moreLondon midday: Markets nervous ahead of EU summit
25th Jun 2012 11:29
- Shire tumbles after generic ADHD deal gets approval - Spain officially requests aid - Investors look to EU summit The FTSE 100 slipped on Monday morning as investors showed caution ahead of a crucial EU summit later this week; US stocks futures were tracking European markets lower at lunchtime.
Read moreLondon open: Shire provides a drag early on
25th Jun 2012 08:23
- Shire tumbles after generic ADHD deal gets approval - Polymetal rises after broker upgrade - Investors look to EU summit Banking and mining stocks were providing a drag in London on Monday morning, as investors showed caution ahead of the EU summit later this week. Trader Jordan Lambert from Spr
Read moreMorrisons Finance Director to check out
25th Jun 2012 07:48
Richard Pennycook, the Finance Director at Morrison Supermarkets (Morrisons), is to go his own way in a year's time. Pennycook, who joined the firm in October 2005, is to leave the board and the supermarket group at the end of June 2013 to concentrate on building a "portfolio career", the company s
Read moreWednesday broker round-up
20th Jun 2012 09:21
Burberry: Nomura maintains buy recommendation and 1,530p target. Chariot Oil & Gas: Merchant Securities keeps buy rating and 232p target. Home Retail: HSBC downgrades to neutral, target cut from 110p to 100p. Imagination Tech: UBS cuts target from 480p to 470p, neutral rating unchanged. Internat
Read moreLondon open: Whitbread, Home Retail provide a boost early on
19th Jun 2012 08:30
- Leaders to take 'all necessary policy measures' - Whitbread provides a lift on the Footsie after strong Q1 - Greece, Spain and FOMC in focus The FTSE 100 index advanced in early trading on Tuesday morning after euro members pledged to 'safeguard' the region. According to a leaked draft communiqu
Read moreLondon close: Shareholder spring moves into summer at WPP
13th Jun 2012 17:08
It was an up and down day for the Footsie although the top-share index rarely strayed far from the previous day's closing value. The so-called "shareholder spring" of protest votes against bumper pay packages for executives continued with perhaps the biggest slap in the face so far, as 60% of votes
Read moreLondon midday: Bids add spice to bland market
13th Jun 2012 12:12
With Spanish government bond yields rising to all-time highs in the Eurozone era, Footsie is back to square one after a confident start. There are no major UK economic indicators today to provide direction and not a lot of corporate news flow either, adding to the general air of ennui. Supermarke
Read moreFriday tips round-up: Vodafone, Whitbread, Supermarkets
8th Jun 2012 06:56
In the Telegraph, Questor makes a compelling case for buying Vodafone. Impressive cash generation offers a current yield of 8.5 per cent while the shares trade at just 10 times earnings. Vodafone has also announced a sensible joint venture with O2's parent company, Telefonica, to share infrastructur
Read moreSector movers: Defensives bear the brunt of increased risk appetite
29th May 2012 15:24
Defensive sectors were firmly out of favour on Tuesday as investors shifted into 'riskier' assets such as mining stocks. Food and drug retailers were the worst performers, with heavyweight supermarket peers Tesco, Sainsbury and Morrison registering moderate losses in afternoon trade. Other defensi
Read morePersistent inflation to postpone recovery in UK consumption
29th May 2012 08:16
In a research note published on Tuesday morning economists at Barclays explain to clients what has led them to push out their forecast for a recovery in private consumption, namely persistent inflation; something which has been oft commented by some Bank of England watchers of late. Thus, Barclay
Read moreFTSE 100 movers: Miners wanted as risk appetite increases
22nd May 2012 15:48
There were just a handful of stocks registering losses on Tuesday afternoon, mainly the defensives, as investors shifted back into 'riskier' assets following a week of heavy losses. Real estate investment trust (REIT) peers Land Securities and Hammerson were among the worst performers, joined by su
Read moreLondon midday: Stocks rise ahead of EU summit
22nd May 2012 12:00
- Miners wanted on Chinese stimulus speculation - Fitch downgrades Japanese rating - Markets await EU summit tomorrow, OECD backs eurobonds The FTSE 100 held on to its earlier gains by Tuesday lunchtime as investors look ahead to tomorrow's EU summit with optimism, as pressure builds on Eurozone l
Read moreLondon midday: Stocks rise but Eurozone still in focus
21st May 2012 11:31
- G8 underwhelms as euro crisis continues to hamper sentiment - Cameron warns Eurozone to anticipate Greek exit - Barclays to offload BlackRock stake The FTSE 100 had held on to early gains by Monday lunchtime, as the blue-chips index rebounds from hitting a six-month low on Friday. US stock future
Read moreSector movers: Burberry hit by China growth downgrade
18th May 2012 15:45
Fashion chain Burberry is dragging the Personal Goods sector down, ahead of its results next week. The firm, which counts China as one of its major export markets, always seems to take a hit when there is bad news about the economy of the People's Republic, and the catalyst this time is the downgra
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