Broker tips: Morrison, Aviva, Wood Group
8th Mar 2012 12:11
Morrison is 'delivering for shareholders again', according to Jefferies which has reiterated its buy recommendation and 350p target price for the supermarket retailer this morning. The US broker says that Morrison's final results look strong, with profits before tax (PBT) of £935m coming in ahead o
Read moreLondon midday: Momentum continues as BoE stays put
8th Mar 2012 11:43
- BoE maintains interest rates and asset purchases. - Greek debt-swap participation rate estimated at 60 percent. - Miners lift the Footsie higher. The earlier momentum had continued by lunchtime after the Bank of England announced that it has decided to maintain its interest rates at 0.5 percent,
Read moreBroker snap: Morrison to start to attract again, says Jefferies
8th Mar 2012 10:37
Morrison is 'delivering for shareholders again', according to Jefferies which has reiterated its buy recommendation and 350p target price for the supermarket retailer this morning. The US broker says that Morrison's final results look strong, with profits before tax (PBT) of £935m coming in ahead o
Read moreThursday broker round-up - UPDATE
8th Mar 2012 09:31
Admiral: Nomura raises target from 1,100p to 1,300p, buy rating kept; Collins Stewart ups target from 975p to 1,110p, hold rating kept; Credit Suisse reiterates outperform rating and 1,300p. Afren: UBS raises target from 140p to 150p, buy rating maintained. Amlin: Jefferies raises target from 317p
Read moreLondon open: Markets await news from Greece
8th Mar 2012 08:34
- Greek debt-swap participation rate estimated at 60 percent. - Markets await policy decisions from BoE, ECB. - ARM rises after iPad launch, Morrison jumps on strong 2011. London's blue chip index continued its strong performance ahead of policy decisions from the Bank of England (BoE) and the Euro
Read moreLondon pre-open: Hopes of Greek debt swap boost sentiment
8th Mar 2012 07:28
City sources predict the FTSE 100 will open up 14 points from yesterday's close of 5,791, as investors gain confidence on reports that Greece is continuing to edge closer to the 75% participation in the debt swap deal. Supermarket giant Morrison boasted that it has 'delivered in a challenging ye
Read moreMorrison beats forecasts in a challenging year - UPDATE
8th Mar 2012 07:09
Supermarket giant Morrison boasted that it had 'delivered in a challenging year' as it beat both sales and profit expectations in 2011, after seeing a record number of customers in its stores. Turnover excluding VAT rose 7% from £16,749m to £17,663m in the 12 months ended January 29th, ahead of exp
Read moreThursday preview: Aviva, Schroders, Morrisons, BoE
7th Mar 2012 18:04
As per usual, Thursday is the busiest day of the week for company announcements, with the added excitement this week of the Bank of England making its interest rate and asset purchasing policy announcement at midday. Not that many people are expecting the Bank to do anything other than maintain the
Read moreLondon close: Miners lead the decline as China cuts GDP forecast
5th Mar 2012 16:36
- Chinese growth forecasts dampens miners. - UK and Eurozone PMIs disappoint. - Steering Committee to participate in Greek debt swap. London's blue chip index fell to its lowest level of the day on Monday as concerns over the global economy dampened the mood. Miners bore the brunt of the sell-off i
Read moreLondon midday: China, Eurozone worries weigh on stocks
5th Mar 2012 11:49
- China cuts 2012 GDP target to 7.5%. - Eurozone/UK services PMIs disappoint. - German DSW recommends rejecting PSI deal. Stocks continued to fall by lunchtime on Monday, as the combination of disappointing economic data from the UK and Eurozone and some conservative growth forecasts from China wei
Read moreMonday broker round-up - UPDATE
5th Mar 2012 09:03
Weir: Citi cuts to sell from neutral, shaves target to 1,850p from 1,950p. Morrison: Oriel downgrades to sell from reduce. Tesco: Oriel downgrades to reduce from hold. Sainsbury: Oriel downgrades to hold from add. Serco: Bank of America downgrades to neutral from buy. Afren: Credit Suisse rais
Read moreThursday broker round-up - UPDATE
1st Mar 2012 09:33
RBS: Berenberg downgrades to sell from buy. Randgold Resources: Nomura maintains buy rating and 9,850p target. BG Group: Nomura maintains buy rating and 1,865p target. WPP: Nomura maintains buy rating and 990p target. BAE Systems: UBS ups target from 320p to 360p, buy rating unchanged. Capita:
Read moreTesco's market share continues to slip against stiff competition
28th Feb 2012 13:59
Tesco's presence in the grocery market has fallen to levels last seen seven years ago, as rival chains ramped up the competition, according to the latest industry figures from Kantar Worldpanel. In the 12 weeks to February 19th, Kantar Worldpanel said that while Tesco still retained the biggest mar
Read moreTuesday broker round-up - UPDATE
21st Feb 2012 09:00
Admiral: Nomura reiterates buy recommendation and 1,100p target; Credit Suisse upgrades to outperform from neutral, lifts target from 1,100p to 1,300p. Morrison: Goldman Sachs adds to conviction sell list. Petropavlovsk: Nomura upgrades from reduce to neutral, target upped from 860p to 910p. Aber
Read moreLondon close: Optimistic mood ahead of Eurogroup, but risks remain
17th Feb 2012 17:10
-Merkel optimistic about Eurogroup meeting. -Miners lead gains on Footsie. -Retailer rise on economic data. London's benchmark index finished the week strongly - up 53 points on last Friday's close of 5,852 - as markets expressed confidence that the next Greek bailout can be secured on Monday. Af
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