London close: Losses pared after US data, Greece still a concern
16th Feb 2012 16:35
- Losses pared after US data. - Miners track metals prices lower. - European leaders weighing up ECB role in Greek aid. London's blue chip index finished in the red on Thursday but well off its intraday lows after US economic data came in stronger than expected in the afternoon. Nonetheless, concer
Read moreSector movers: Thorntons surges as retailers rise
16th Feb 2012 15:53
Food and drug retailers were on the rise on Thursday as developments in Europe's crisis prompted investors to shift away from (relatively) 'riskier' assets such as mining stocks. Sector heavyweights Sainsbury, Morrison and Tesco were among the top 10 rising stocks on the FTSE 100 in afternoon tradi
Read moreWednesday broker round-up - UPDATE
1st Feb 2012 07:03
Shire Pharmaceuticals: Credit Suisse maintains outperform rating and 2,350p target. Reckitt Benckiser: Credit Suisse maintains outperform rating and 3,800p target. easyJet: Credit Suisse maintains outperform rating and 503p target. Meggitt: Credit Suisse reiterates underperform rating and 330p ta
Read moreLondon close: Footsie finishes up but gains pared after US data
31st Jan 2012 16:32
Early gains were trimmed by the end of trade on Tuesday after consumer confidence data in the US disappointed, sending US benchmarks into the red. The Footsie finished just 11 points higher at 5,682, well below the intraday high of 5,730 seen in the morning session. Meanwhile, Greek debt-swap talks
Read moreFTSE 100 movers: ARM soars on profit boost
31st Jan 2012 14:33
Chip designer ARM was the second highest riser after fourth quarter sales figures came in 10% ahead of consensus estimates. While Nomura maintained its neutral rating on the stock today, it acknowledged that the group's results indicated a "strong beat", driven by strong processor revenues in both l
Read moreTesco's market share drops as shoppers cut back further
31st Jan 2012 12:52
A fall in sales at supermarket giant Tesco has seen the company's market share fall below 30% for the first time in almost seven years, according to data unveiled on Tuesday. Market research conducted by Kantar WorldPanel revealed that sales at Tesco have dropped as competitors such as Asda and Sa
Read moreThursday broker round-up - UPDATE
19th Jan 2012 09:52
Tesco: Goldman Sachs downgrades to neutral from buy. Morrison: Goldman reiterates sell. Sainsbury: Goldman downgrades to sell from neutral. Tobacco (sector): Nomura downgrades sector view from bullish to neutral. Tesco: AlphaValue downgrades to add from buy, raises target to 402.90p from 401.4
Read moreMonday broker round-up - UPDATE
16th Jan 2012 08:48
Capita: Bank of America-Merrill Lynch downgrades to neutral from buy. Carnival: Credit Suisse keeps neutral rating and 2,285p target; Morgan Stanley downgrades to neutral from outperform, target cut from 2,700p to 1,800p. Amec: Goldman Sachs upgrades to buy from neutral. Morrisons: Deutsche Bank
Read moreLondon open: Footsie slips after S&P move, Carnival drops
16th Jan 2012 08:17
The Footsie slipped 0.2% in the opening minutes, following Friday's move by S&P to downgrade nine Eurozone nations. Meanwhile, cruise ship operator Carnival saw shares drop early on after releasing a statement relating to the grounding of a luxury liner off the Italian coast. Standard & Poor's (S&P
Read moreSunday newspaper round-up: Aon, Volcker, BoE, Rockhopper
15th Jan 2012 17:03
Aon is to become the first US S&P 500 company to become domiciled in the UK after the insurance broker unveiled plans to shift its headquarters from Chicago to London. The move by Aon, which employs 59,000 people globally and has a market capitalization of $15bn gives a boost to London´s status as a
Read moreLondon close: Stocks erase gains, Tesco falls 16%
12th Jan 2012 16:24
Gains were pared in afternoon trade on Thursday following a poor start on Wall Street, meaning that the FTSE 100 finished in the red for the second day in a row. It was a busy day on the corporate news front, with Tesco and RBS grabbing the headlines, while central banks did what was expected and ke
Read moreFTSE 100 Movers: Tesco on the bottom shelf
12th Jan 2012 14:24
Tesco's Christmas trading statement plunged the UK's leading supermarket chain into the bottom spot after reporting that its sales performance in the home market fell below expectations, prompting the company to advise full-year trading profit growth will be around the low end of the range of analys
Read moreLondon midday: Banks rise, retailers drop, BoE maintains rate
12th Jan 2012 11:58
After a subdued start, the Footsie seems to have found its direction, trading up near the 5,700 level, helped by the latest Italian and Spanish debt auctions which saw solid demand and a fall in yields. Italy has sold a total of €12bn in bills, with yields on its 12-month debt falling to 2.74% from
Read moreThursday broker round-up - UPDATE
12th Jan 2012 09:08
Reckitt Benckiser: J.P. Morgan Cazenove downgrades to neutral from overweight. Tesco: Nomura reiterates buy rating and 500p target; Panmure Gordon cuts target from 500p to 440p, buy rating unchanged. Royal Bank of Scotland: Shore Capital reiterates sell. Tesco: Shore Capital downgrades to hold fr
Read moreLondon open: RBS rises after shake-up, Tesco plummets
12th Jan 2012 08:28
A sharp fall for the retailers was met with a strong showing by the banks this morning, equating to a flat start for the FTSE 100. It has been reasonably busy on the corporate front, with several firms providing trading statements, but RBS and Tesco dominated the headlines early on. MARKETS CELEBRA
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