Berenberg picks Asos, Next and Supergroup as top UK retail winners
12th Jun 2015 10:17
Berenberg has named Asos, Next and Supergroup as the "long-term winners" among UK fashion retailers, maintaining a 'buy' rating on all three stocks. In a review of the sector, the broker highlighted that competition online for clothing retailers has increased, but stressed that a strong presence on
Read moreNext confirms former finance director departure
15th May 2015 12:31
David Keens has left Next, just over a month after stepping down from his role as the UK clothing giant's finance director. In a short statement released on Friday, the FTSE 100 group said that Keens, who first announced his departure on 12 March, did not receive any compensation after leaving the c
Read moreFriday broker round-up
8th May 2015 10:42
IMI: JP Morgan reiterates overweight. ITV: Westhouse Securities reiterates add and 288p target. Aviva: Canaccord Genuity reiterates buy and 600p target. Randgold Resources: Credit Suisse reiterates neutral and 5,050p target. UBS stays at buy with 5,600p target. Provident Financial: Canaccord Genu
Read moreWednesday broker round-up
29th Apr 2015 19:53
Sky: JP Morgan reiterates neutral stance and 1,170p target. GlaxoSmithKline: UBS reiterates buy and 1,700p target. StanChart: Nomura reiterates neutral and lifts target to 1,170p from 1,030p. UBS reiterates neutral stance with 1,000p target. Henderson Group: Citi reiterates buy with 3,250p target.
Read moreLondon close: Stocks retreat further from record on weak US data, Greece
29th Apr 2015 16:30
Stocks dropped sharply again on Wednesday as gloomy US economic data and ongoing uncertainty in Greece hammered sentiment. London's FTSE 100 finished 1.2% lower at 6,946.28, with investors extra cautious ahead of a policy statement at the Federal Reserve after the close. This was the second straigh
Read moreFTSE 100 movers: Weir rockets on quarterly beat, Antofagasta hit by production cuts
29th Apr 2015 13:19
Industrial engineer Weir Group topped the risers after delivering a better-than-expected first quarter from minerals, its largest division. However, the company did say it was "taking further action to support profitability" in its oil and gas division amid tough conditions. Shares of Intercontinent
Read moreBroker tips: BP, Vodafone, Next
29th Apr 2015 12:11
BP smashed consensus forecasts with its first-quarter results on Tuesday, though analysts at UBS said that the read-through for future years is limited for the moment. The Swiss bank maintained a 'neutral' rating and 450p target price for the oil major, saying that changes to outer-year forecasts ar
Read moreNext's strong Q1 update underpins full-year forecasts, says Investec
29th Apr 2015 10:40
Next surpassed forecasts with its first-quarter sales update on Wednesday, though Investec maintained a 'hold' rating on the stock. The Anglo-South African bank said that the high street fashion and homeware retailer remains a "core holding" but pointed out that the stock is trading at 17 times curr
Read moreLondon open: Stocks flatline amid earnings flurry ahead of FOMC
29th Apr 2015 09:16
UK stocks opened flat on Wednesday morning as investors digested a barrage of blue-chip earnings and awaited a Federal Reserve policy decision in the US. The FTSE 100 was trading just 0.03% lower at 7,028.48 early on. The index had retreated on Tuesday to 7,030.53 after setting a new all-time closi
Read moreNext starts strong as warm weather helps company beat forecasts
29th Apr 2015 07:22
Full-price sales at Next since the start of the year rose 3.2%, ahead of guidance from March thanks to new store openings and warmer weather. More than half of the rise of 1.9% came from the opening of new space, while another boost came from the decision to send out its Next Directory brochure earl
Read moreLondon close: Retailers, miners and oil stocks help FTSE set new record
15th Apr 2015 16:38
Strong gains in the retail sector and a solid performance from mining and oil stocks helped the FTSE 100 set a new record high on Wednesday, amid hopes for further stimulus in China and no surprises from a policy meeting in Europe. London's benchmark Footsie rose 21.51 points (+0.3%) to a new all-ti
Read moreFTSE 100 movers: Sainsbury's breaks key technical level
15th Apr 2015 13:07
Sainbury's was top of the leaderboard due to a technical move higher, according to City traders, in what was described as a "very squeezy" market where all top risers in Europe all have big short bases. The grocer's shares started the day's move higher after breaking a key technical level in early t
Read moreLondon midday: Stocks at new all-time high on Chinese stimulus hopes
15th Apr 2015 11:38
UK stocks were at a new record on Wednesday with investors looking on the bright side of weak economic from China, with hopes for further stimulus from Beijing pushing miners higher. Chinese economic growth slowed to a six-year low, while growth in fixed-asset investment, industrial production and r
Read moreBroker tips: Next, Burberry, Bunzl, Tullow, Vesuvius
15th Apr 2015 11:24
UK high street retailer Next raced up the FTSE 100 index on Wednesday after JPMorgan lifted its rating on the company to 'overweight' from 'neutral'. While JPMorgan favours Marks & Spencer stock on three-to-six month view for its ongoing turnaround potential, the US investment bank sees scope for Ne
Read moreNext shares race up FTSE 100 after JPMorgan lifts rating to 'overweight'
15th Apr 2015 08:24
UK high street retailer Next raced up the FTSE 100 index on Wednesday with shares up 2% in early trade after JPMorgan lifted its rating on the company to 'overweight' from 'neutral'. While JPMorgan favours Marks & Spencer stock on three-to-six month view for its ongoing turnaround potential, the US
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