Thursday broker round-up
5th Mar 2015 12:41
Rightmove: Credit Suisse lifts target price to 3220p from 2700p but cuts to neutral. Aviva: Panmure Gordon reiterates buy - with a 660p target, as does Westhouse Securities. Standard Chartered: UBS increases target price to 1000p from 980p and reiterates neutral view. Asos: Nomura ups target to 3,
Read moreSector movers: Supermarkets lead retailers higher on upbeat grocery data
10th Feb 2015 15:09
Retailers were at the top of investors' shopping lists on Tuesday after an acceleration in UK retail sales growth lifted sentiment, while supermarkets were supported by some upbeat grocery news from Kantar. UK-listed supermarkets such as Tesco and Morrisons were making decent gains in afternoon trad
Read moreLondon close: Falling oil prices drag down shares
30th Dec 2014 16:06
Oil stocks dragged London shares deep into the red on Tuesday after crude prices hit a five-and-a-half year low. The FTSE 100 Index closed 86.51 points adrift at 6,547 as the price of a barrel of Brent crude dropped below $57, although it later recovered slightly. The price of a barrel of US light
Read moreLondon midday: UK stocks slip as Greek uncertainty hits sentiment
30th Dec 2014 11:19
Uncertainty in Athens and falling oil prices were weighing heavily on UK stocks on Tuesday, with London's FTSE 100 snapping an eight-day winning streak. The FTSE 100 was down 0.9% at 6,576.11 after hitting a three-week high the previous session. Greek politics were in focus for those traders return
Read moreCantor Fitzgerald hails Next's festive trading, says outlook positive
30th Dec 2014 09:54
Analysts at Cantor Fitzgerald have welcomed Next's better-than-expected festive trading update, saying prospects for its business remain good despite the downturn caused by the mild autumn weather. Next said it now expected full-year profits to be within £10m either side of £775m, £5m ahead of the m
Read moreLondon open: UK stocks retreat from three-week high on Greek politics, oil prices
30th Dec 2014 08:26
Political uncertainty in Greece and falling oil prices were weighing on UK stocks on Tuesday as markets pulled back from a three-week high. The FTSE 100 was down 0.6% at 6,594 in early trading, snapping an eight-day winning streak. The index settled at 6,633.51 on Monday, its highest close since 8 D
Read moreLondon pre-open: UK stocks to snap winning streak on Greek concerns
30th Dec 2014 07:40
UK stocks are expected to pull back from a three-week high on Tuesday as concerns about Greece prompt markets to snap an eight-day winning streak. City sources have predicted that the FTSE 100 will open 33 points lower than Monday's close of 6,633.51. This was the index's highest close since 8 Decem
Read moreNext sees FY profits ahead of guidance but stays cautious on outlook
30th Dec 2014 07:32
Fashion retailer Next forecast annual profits slightly ahead of guidance and announced a new 50p special dividend, but said it remained cautious about 2015. Next said it now expected full-year profits to be within £10m either side of £775m, £5m ahead of the midpoint profit guidance it issued in Octo
Read moreLondon midday: UK stocks at one-month low on global concerns, Tesco plummets
9th Dec 2014 11:40
UK stocks were on track to settle at their lowest level in a month on Tuesday as a recent sell-off in oil hit energy shares and a profit warning from Tesco hammered retailers. Crude was trading at a fresh five-year low on the back of concerns about oversupply and slowing global growth. Political unc
Read moreLondon open: UK stocks tread water ahead of BoE, ECB policy meetings
4th Dec 2014 08:38
The UK stock market opened more or less unchanged on Thursday as investors scaled back their risk appetite ahead of a busy day, with central bank meetings lying ahead in the UK and Europe. While both the Bank of England and European Central Bank are expected to leave monetary policy unchanged, all e
Read moreLondon midday: UK stocks pull back from six-week high despite upbeat Eurozone data
14th Nov 2014 11:28
Mining and oil shares were leading the UK stock market lower on Friday as commodity prices weakened, with the FTSE 100 pulling back after hitting its highest level in a month and a half. Nevertheless, losses were only modest in London, with sentiment supported by some reassuring growth figures from
Read moreLondon open: Resource stocks drag FTSE lower, but Eurozone data impresses
14th Nov 2014 08:28
UK stocks pulled back from their highest levels in a month and a half on Friday, though the downside was being limited by some rare positive economic data from the Eurozone. Figures released on Friday morning showed that both Germany and France returned to growth in the third quarter, reassuring the
Read moreTuesday broker round-up UPDATE
4th Nov 2014 09:32
Aberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreThursday tips round-up: Standard Life, Next
30th Oct 2014 08:51
Standard Life has a lot on its plate, but it also has attractive prospects. To start off with, Standard Life now manages £290bn on behalf of savers and investors which it then directs into equities and bonds. Hence, the bigger the company gets the more it is being seen as a proxy for equity and debt
Read moreThursday broker round-up UPDATE
30th Oct 2014 08:36
Afren: Deutsche Bank cuts target price from 130p to 110p retaining its hold recommendation. Antofagasta: JP Morgan lowers target price from 760p to 755p and reiterates a neutral rating. Investec lowers target price from 717p to 704p and keeps a hold recommendation. Balfour Beatty: Jefferies cuts ta
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