London close: Equities drop after worse-than-forecast non-farms
4th Sep 2015 16:11
(ShareCast News) - Equities in the UK market ended lower on Friday after the US non-farm payrolls report missed forecasts. American employers added 173,000 jobs in August following an upwardly revised 245,000 in July, data released on Friday by the Labor Department showed. The figure was the smalle
Read moreExane downgrades Next, upgrades Kingfisher
4th Sep 2015 09:19
(ShareCast News) - Exane BNP Paribas downgraded its stance on Next to 'underperform' from 'neutral' and cut its price target to 7,400p from 7,700p, but upgraded Kingfisher to 'outperform' from 'neutral' and lifted its price target to 420p from 390p as it took a look at the retail sector. As far as N
Read moreBroker tips: Next, Debenhams, Daily Mail and General Trust
28th Aug 2015 12:26
(ShareCast News) - Next has been downgraded by Credit Suisse to an 'underperform' rating from a prior 'neutral' as the clothes retailer's "routes to growth are slowing". Credit Suisse said it was increasingly concerned about the gradual slowdown in Next's near- and medium-term growth drivers. The S
Read moreNext downgraded by Credit Suisse on minimum wage concerns
28th Aug 2015 10:31
(ShareCast News) - Next has been downgraded by Credit Suisse to an 'underperform' rating from a prior 'neutral' as the clothes retailer's "routes to growth are slowing". Credit Suisse said it was increasingly concerned about the gradual slowdown in Next's near- and medium-term growth drivers. The S
Read moreJPMorgan downgrades Next on valuation, prefers M&S
7th Aug 2015 14:26
(ShareCast News) - JPMorgan Cazenove downgraded Next to 'neutral' from 'overweight' following the stock's strong recent share price performance, with an unchanged price target of 7,700p. JPM noted that the shares are up 13% since mid-April, as the company beat consensus expectations in both the firs
Read moreNext pockets £170m in interest charges from consumers
3rd Aug 2015 14:03
(ShareCast News) - FTSE 100 listed retailer Next banked close to £170m in interest charges last year from online and catalogue shoppers. The fine print of the retailer's results posted in March showed in the year to January Next banked £166.4m in interest charges, up about 10% on the previous year's
Read moreMonday newspaper round-up: Osborne, Rolls-Royce, Next
3rd Aug 2015 08:03
(ShareCast News) - UK Chancellor George Osborne is aiming to eclipse the Thatcherite privatisation boom of the 1980s and 1990s as he oversees the biggest-ever sale of publicly-owned corporate and financial assets in one year. The chancellor hopes to dispose of £32bn-worth of assets this financial ye
Read moreLondon close: Investors play it safe ahead of Fed meeting
28th Jul 2015 17:56
(ShareCast News) - The selling pressure let up ahead of the start of a two-day policy meeting from the US Federal Reserve, with some investors braced in case the post-meeting statement sprang any surprises. The FTSE 100 finished the session higher by 0.77% to the 6,555.28 mark, alongside a similar b
Read moreNext lifts sales and profit guidance on warm weather boost
28th Jul 2015 08:12
(ShareCast News) - Clothing retailer Next has raised its sales and profit guidance for the year as warmer weather at the end of the season boosted second-quarter sales. It said Next brand full price sales for the 26 weeks to 25 July were up 3.5%, 1.7% of which came from the opening of profitable new
Read moreDeutsche Bank lifts Next, M&S price targets
13th Jul 2015 13:45
(ShareCast News) - Deutsche Bank lifted its price targets on Marks & Spencer and Next as it took a look at the UK clothing retailers. DB said the UK fashion market continues to experience multiple structural trends. "We make detailed analysis and projections of five of these: online, store churn, m
Read moreMonday broker round-up
13th Jul 2015 12:05
(ShareCast News) - ARM Holdings: JP Morgan downgrades to underweight and lowers target to 900p from 950p; Exane reiterates outperform with 1,400p target. AstraZeneca: Goldman Sachs stays at neutral and Jefferies at buy. British American Tobacco: Nomura starts coverage at buy with 3,920p target. Bu
Read moreFTSE 100 movers: Sainsbury surges on upgrade, but IAG hit by takeover delay speculation
24th Jun 2015 12:54
London markets were subdued on Wednesday, as gains in the supermarket, oil and mining sectors were offset by weaker performances from chemicals, software, and financial services stocks. As of 13:45 BST, the FTSE 100 was trading broadly flat at 6,843. Sainsbury surged after being boosted by a Societ
Read moreBroker tips: Sainsbury, Next, BHP Billiton
24th Jun 2015 11:12
Shares in UK supermarket retailer Sainsbury rose to the top of the FTSE 100 on Wednesday after Societe Generale upgraded the stock to 'buy' from 'hold' and raised the target price to 315p from 260p, pointing to a resilient profile and attractive valuation. It said the group's profile is more resilie
Read moreBarclays upgrades Next to 'overweight'
24th Jun 2015 10:14
Barclays upgraded Next to 'overweight' from 'equalweight' and raised the price target to 9,000p from 7,400p. Barclays said its analysis suggests the market under-appreciates Next's growth opportunities both in Retail and Directory, which stem from real wage growth, a very promising Label business an
Read moreLondon open: UK stocks rise ahead of pivotal Eurogroup meeting on Greece
24th Jun 2015 09:13
UK stocks opened with small gains on Wednesday morning ahead of another Eurogroup meeting, as officials hope to secure desperately-needed bailout funds for Greece. The FTSE 100 was up 0.22% at 6,849.80 early on, rising for the fifth consecutive session. The index has not closed above this mark since
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