Wednesday broker round-up UPDATE
30th Jul 2014 09:50
Antofagasta: Westhouse Securities downgrades from add to neutral with a target price of 885p. Investec places its target price (prev.: 690p) under review, while keeping its sell recommendation. Aureus Mining: FinnCap lowers target price from 66p to 62p maintaining a buy recommendation. British Ame
Read moreLondon close: GKN and Next lead FTSE to 20 point gain
29th Jul 2014 16:59
- FTSE up 19.68 points to 6,807.75 - US house prices up 9.3% in April - Housing data shows 0.2% monthly increase techMARK 2,782.23 +0.22% FTSE 100 6,807.75 +0.29% FTSE 250 15,687.02 +0.45% A positive response to updates from engineer GKN and fashion retailer Next drove the FTSE 100 index 19.68 poi
Read moreFTSE 100 movers: GKN leads after profits rise
29th Jul 2014 15:55
GKN climbed to the top spot after saying that a good performance by its automotive business fuelled 6% higher profits at the engineering group in the first half to £296m. However, a strong pound saw sales fall 1%. High street giant Next rose after lifting its sales and profit guidance for the full
Read moreLondon midday: UK stocks rise as blue-chip earnings impress
29th Jul 2014 12:08
- GKN, Next and Mondi impress, StanChart upgraded - St James's Place and BP fall - Gains capped by geopolitics, upcoming US data - Petra Diamonds sinks as shareholders sell stake techMARK 2,786.59 +0.38% FTSE 100 6,811.75 +0.35% FTSE 250 15,712.91 +0.62% UK stocks snapped a two-day losing streak
Read moreLondon open: GKN leads UK stocks higher, but upside limited
29th Jul 2014 09:09
- GKN, Next and Mondi impress with updates/results - St James's Place drops despite strong first half - West-Russia tensions rise as sanctions eyed - US data, Gaza in focus techMARK 2,780.14 +0.15% FTSE 100 6,806.28 +0.27% FTSE 250 15,662.90 +0.30% Strong gains from GKN, Next and Mondi helped UK m
Read moreNext lifts growth forecasts after strong first half
29th Jul 2014 07:58
High Street giant Next has lifted its guidance for the full year after a strong first half, though it said that results over the last six months have been flattered by easy comparatives. Total Next Brand sales for the 26 weeks to July 26th were 10.7% ahead of the same period the previous financial
Read moreTuesday preview: Next, GKN and BP to report earnings
28th Jul 2014 16:59
Next may on Tuesday report second quarter sales growth towards the upper end of guidance, according to estimates by Numis. The UK retailer reported a 10.8% increase in Brand sales in the first 13 weeks of the year, with retail up 8.8% and Directory up 13.7%. "This was comfortably ahead of the +4%
Read moreLondon midday: Chinese and UK data give FTSE 100 a boost
16th Jul 2014 11:58
- Chinese GDP growth picks up to 7.5% - UK unemployment at lowest since 2008 - Meggitt jumps on M&A hopes - Rio Tinto leads miners higher techMARK 2,808.69 +1.03% FTSE 100 6,771.71 +0.91% FTSE 250 15,592.03 +0.98% Stocks in London jumped on Wednesday morning as a surprise pick-up in Chinese growth
Read moreTuesday broker round-up UPDATE
15th Jul 2014 08:53
Admiral Group: Numis moves target price from 1710p to 1720p, while downgrading from buy to add. African Barrick Gold: UBS initiates with a target price of 260p and a buy recommendation. Ashtead Group: Berenberg initiates with a target price of 1110p and a buy recommendation. British American Taba
Read moreLondon close: Insurers lead FTSE to negative finish
9th Jul 2014 16:59
- FTSE 100 closes down 20.41 at 6,718.04 - Admiral and Aviva lead downside - Attentions turn to tonight's Fed minutes techMARK 2,782.15 -0.43% FTSE 100 6,718.04 -0.30% FTSE 250 15,549.63 -0.66% It was a weak finish for the top tier index, which dropped below the 6,700 level in the first hour of tr
Read moreFTSE 100 movers: Admiral and Aviva lead the way lower
9th Jul 2014 15:39
Car insurer Admiral slid lower after delivering a gloomy outlook as it reported a decline in revenues in the first half, saying that a return to growth in premiums still remained elusive. Despite higher customer numbers, turnover fell from £1.1bn to £1bn in the first six months of the year, as premi
Read moreLondon midday: FTSE 100 extends losses as insurers and retailers fall
9th Jul 2014 12:03
- Admiral, Aviva lead markets lower - FTSE 100 on track for worst finish since late April - Retailers fall as UK retail prices fall 1.8% - Investors nervous ahead of Fed minutes techMARK 2,777.53 -0.59% FTSE 100 6,708.55 -0.44% FTSE 250 15,526.79 -0.80% UK stocks were heading for their worst finis
Read moreBroker tips: Housebuilders, Vodafone, Next, Interserve
30th Jun 2014 12:32
Investors should switch their preference from housebuilders to contractors, according to Westhouse Securities, which said it sees downside risks in the housing sector. The broker recommended using a recent rally as a "selling opportunity for housing-related stocks", including merchants, distributor
Read moreCredit Suisse sees "great momentum" at Next but stays 'neutral'
30th Jun 2014 10:52
Credit Suisse sees "great momentum" at Next and has raised its profit forecasts for the high street retailer, lifting its target price from 6,500p to 6,800p. The bank said that the underlying momentum of the Next brand is still "very strong" after the 11.9% and 10.8% growth seen in the fourth and f
Read moreLondon close: SABMiller and US gains lift FTSE
10th Jun 2014 16:59
- FTSE closes down 1.45 points at 6,873.55 - Lift provided by US markets - SABMiller rises on takeover rumours techMARK 2,859.23 +0.07% FTSE 100 6,873.55 -0.02% FTSE 250 16,210.64 -0.05% Stocks were ultimately little changed from their opening level, although came off the lows seen mid-morning and
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