Sunday newspaper round-up: Virgin Atlantic, Tesco, RBS
2nd Dec 2012 17:44
America´s largest airline is plotting to take control of Virgin Atlantic after making a secret approach to the British carrier's big Asian shareholder. Delta Air Lines is understood to have offered to buy Singapore Airlines' 49 per cent holding in Virgin. If it succeeds, Delta's European partner, Ai
Read moreThursday tips round-up: Reckitt Benckiser, Cupid and Mulberry
25th Oct 2012 06:41
Tempus in The Times says the trading update from Reckitt Benckiser, which has been at the heart of the discounting wars, suggests that in Europe and North America the picture may be improving. Like-for-like growth here in the third quarter was two per cent. This might not seem like much, but it comp
Read moreLondon close: Disappointing earnings and growth concerns spark sell-off
23rd Oct 2012 16:41
- 'Risk is officially off', says analyst - Corporate earnings and growth worries sink stocks - Miners drop, while ARM and Experian gain A sell-off on Wall Street and concerns about the Eurozone saw markets across Europe take a hammering on Tuesday, with mining stocks dragging the Footsie lower in L
Read moreSector movers: ARM lifts tech stocks after strong Q3
23rd Oct 2012 16:14
The technology sector was the only category in the blue on Tuesday afternoon after a better-than-expected third quarter from chip designer ARM Holdings boosted buying. The semiconductor intellectual property group said that total revenue in the three months to September 30th rose 20% in sterling t
Read moreFTSE 100 movers: Miners tank; ARM and Experian gain
23rd Oct 2012 14:34
ARM Holdings and Experian were doing their best lift the FTSE 100 on Tuesday, but it was the miners were pulling the blue-chip index into the red with growth concerns fuelling a move away from 'risk'. Kazakhmys, ENRC, Antofagasta, Anglo American and Rio Tinto were all trading firmly lower this afte
Read moreLondon midday: Miners drag the Footsie lower
23rd Oct 2012 11:41
- Miners dominate fallers on FTSE 100 - ARM and Experian lead the upside - Markets look ahead to FOMC Mining stocks were providing a drag on the Footsie on Tuesday morning as concerns over the global economy spurred a move away from risk; meanwhile, markets remained cautious ahead of a two-day poli
Read moreTuesday broker round-up
23rd Oct 2012 09:23
Aggreko: UBS cuts target from 2,750p to 2,550p, buy rating kept. ARM Holdings: Investec keeps buy rating and 800p target. Avacta: Panmure Gordon keeps buy rating and 1.75p target. AZ Electronic: Canaccord Genuity ups target from 360p to 376p, buy rating kept. Babcock: JPMorgan Cazenove ups targe
Read moreLondon open: Whitbread and the miners provide a drag early on
23rd Oct 2012 08:44
- Corporate earnings in the spotlight - Spain weighs on sentiment as Moody's downgrades five regions - Whitbread disappoints, ARM in demand The FTSE 100 index fell in early trading on Tuesday with growth-sensitive stocks out of favour as investors remain cautious about the Eurozone and ahead of som
Read moreMulberry plunges after profit warning
23rd Oct 2012 07:56
Shares of upmarket handbags and leather accessories firm Mulberry went into freefall after it said revenue growth for the year to March 30th 2013 is expected to fall below market expectations. The retailer blamed weaker than expected international retail sales and as wholesale revenue fell behind e
Read moreSector movers: Burberry warning takes down personal goods stocks
11th Sep 2012 15:55
With shares in Burberry sinking by more than a fifth after a profit warning, the personal goods sector was steeply lower on Tuesday afternoon. Shares were down around 21% after the iconic British fashion house said profits would be at the lower end of expectations this year. The firm is now taking
Read moreWednesday tips round-up: Mulberry, Hammerson, Imagination Technologies
20th Jun 2012 07:06
Mulberry is a major turn off for Questor in the Telegraph. The firm has done extremely well in the recession, buoyed by demand from China, but even after recent falls it trades at an eye-watering 27.7 times earnings. This is too much in the fickle world of fashion says Questor. Avoid. Hammerson, th
Read moreBroker tips: Cairn, Mulberry, WS Atkins
14th Jun 2012 17:47
Credit Suisse reacted to Cairn Energy's agreed bid for Nautical Petroleum by cutting its target price for the Scottish oil behemoth. "We maintain our Neutral rating on Cairn Energy and reduce our target price to 362p from 400p to account for the acquisition and current mark-to-market of its Cairn I
Read moreBroker snap: Merchant Secs downgrades Mulberry
14th Jun 2012 17:36
According to Merchant Securities, the trading update from luxury fashion firm Mulberry was 'slightly disappointing', which seems an understatement given the market's reaction. The shares got a right handbagging on Thursday after reporting revenues slightly behind consensus. Merchant Securities, w
Read moreLondon close: Losses pared, but Sky falls in
14th Jun 2012 16:42
A late rally on the back of Wall Street strength saw Footsie erase most of the day's losses. Eurozone worries were on the market's mind for much of the day after credit ratings agency Moody's slashed Spain's sovereign debt rating by three notches to a level barely above junk status. Italy's bond
Read moreLondon midday: Markets calm as Italian yields rise
14th Jun 2012 11:50
Markets have reacted positively in the main to the outcome of the Italian bond auction on Thursday morning, which saw yields rise fairly steeply. Italy issued a total of €4.5bn of debt in three, seven, and eight-year bonds. It matched its issuance target but had to pay higher yields than on the pr
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