Digital Look broker talk
16th Nov 2011 10:53
Morrison: "Morrison was explicit in its allocation of capital, first and foremost, to grow the business, with any surplus considered for buybacks. Morrison is clearly in a position to do both, being less than half-way through a two-year GBP1bn buyback and working through to 8% gross space growth" [N
Read moreWednesday broker round-up - UPDATE
16th Nov 2011 09:44
Michael Page: HSBC upgrades to overweight from neutral. Reckitt Banckiser: Citi reiterates buy. Cairn Energy: Societe Generale initiates at buy. Royal Bank of Scotland: AlphaValue downgraded to add from buy yesterday and lowered the price target to £24.60from £29.80. ARM Holdings: UBS raises t
Read moreWednesday Newspapers: Brussels, ratings agencies, Eurozone break-up
16th Nov 2011 06:39
David Cameron faced a deepening rift with Germany over the future of Europe last night, while at home Nick Clegg scorned the Prime Minister for his hopes of looser links with Brussels. (...) Mr Cameron plans to visit Brussels as well as Berlin on Friday to argue the case for new protections for the
Read moreLondon midday: Italian yields fall, Experian leads recovery
10th Nov 2011 12:16
London's blue chip index has erased earlier losses to trade flat around lunchtime as Italian 10-year bond yields fell back below the critical 7% after the country's debt auction. Meanwhile, the Bank of England revealed at midday that it had kept interest rates at the record low level of 0.5%. ITALY
Read moreLondon open: Some bright spots among the gloom
10th Nov 2011 09:04
It has not been the blood-bath that some might have been expecting, as investors get increasingly nervous about the situation in Italy, but the vast majority of stocks in London are still in negative territory in early trading. Amid the gloom, Anglo American, Experian and Morrisons provide some che
Read moreLondon pre-open: A lot riding on the Italian job
10th Nov 2011 07:43
The top-share index looks set to open with a triple-digit decline as investors continue to fret about the Italian debt situation. Yields on Italian bonds have surged way past the 7% mark, generally regarded as the highest level at which governments can sustainably issue new debt. The Italian Sen
Read moreMorrisons sees record visitors in Q3
10th Nov 2011 07:13
Supermarket chain Morrisons said record numbers of customers had visited its stores in the third quarter, with sales growing ahead of the market. The company said the economic environment in the three months to the end of October had been challenging but its performance was in line with our expecta
Read moreFTSE 100 movers: Fuel cost worries weigh on IAG
4th Nov 2011 16:30
After a good showing in the morning session, Footsie turned lower after a mixed set of US jobs data for October. Among those stocks still holding on to the morning's gains are a number due to report next week, including Morrisons, Marks & Spencer and Land Securities. On the downside, airline group
Read moreLondon open: Banks take a hit after Moody's downgrade
7th Oct 2011 08:32
Equities took a knock in early trading after Moody's dampened sentiment with the downgrade of 12 UK financial institutions. Stocks were expected to extend gains made over the last two days on the back of hopes for the struggling Eurozone. BANKS LEAD THE FALLERS The banks were the worst performers
Read moreSector movers: Oil-related stocks plummet as Brent drops below $100
4th Oct 2011 15:36
Unsurprisingly, there were only two categories making gains on Tuesday, as markets worldwide suffered a broad sell-off on the back of the ongoing debt crisis in Europe. In London, the oil equipment, services and distribution sector was among the worst performing groups of stocks in the afternoon as
Read moreLondon midday: Banks plummet, retailers buck trend
4th Oct 2011 12:29
A decent performance from the retail sector was not enough to pull the market higher by lunchtime, as investors bailed out of banking, engineering and mining stocks on concerns over the global economy. Jean-Claude Juncker, chairman of the Eurogroup finance minister committee, has said that there wi
Read moreLondon open: Financial drag Footsie towards 5,000
4th Oct 2011 08:30
The poor performance seen Monday has continued with the Footsie dropping towards the 5,000 mark once again in the opening minutes, as concerns in the Eurozone continue to dominate the markets. Nevertheless, there were further messages of support for Greece - even if they have yet to be backed up by
Read moreWednesday newspaper round-up: "Stupid" US, "stupid" Miliband, Google
28th Sep 2011 06:26
Germany and America were on a collision course on Tuesday night over the handling of Europe's debt crisis after Berlin savaged plans to boost the EU rescue fund as a "stupid idea" and told the White House to sort out its own mess before giving gratuitous advice to others. German finance minister Wol
Read moreSector movers: Tesco boosts retailers after launch £500m price offensive
23rd Sep 2011 16:14
The food and drug retailers were the best performers on Friday afternoon, with Tesco leading the advance. The supermarket giant revealed on Thursday details of its 'Big Price Drop', a £500m price offensive which it claims will provide immediate help to struggling families. "From Monday, Tesco will
Read moreTesco price cut offensive seen hurting Ocado most
22nd Sep 2011 10:21
Supermarket giant Tesco has summoned all of its store managers into work this Sunday to get ready for a price-cutting offensive. News of the initiative sent shares in supermarkets - and even more notably, Ocado, the company that delivers groceries from the upmarket supermarket Waitrose - lower yes
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