London open: Markets hold at three-week high
2nd Apr 2014 08:59
- Markets flat ahead of ECB, US data - Antofagasta operations unaffected by Chile quake - Domino's, ASOS impress with results techMARK 2,788.47 +0.16% FTSE 100 6,650.51 -0.03% FTSE 250 16,413.15 +0.03% UK stocks were flat at a three-week high on Wednesday morning as investors paused for breath ahe
Read moreUK retail sales rise by more than expected in February
27th Mar 2014 10:00
UK retail sales rose by more than expected last month, according to official data out on Thursday. Sales volumes lifted 3.7% in February against the same month a year ago, the Office for National Statistics (ONS) said. That was better than economists' forecasts of 2.5%. Retail sales rose 1.7% agai
Read moreBroker tips: Royal Mail, Wolseley, easyJet...
25th Mar 2014 12:07
Shore Capital has kept a 'buy' stance on postal services group Royal Mail after the company announced redundancies as part of its so-called 'Efficiency Programme'. Shore Capital Analyst Robin Speakman said: "We believe that the context on of these additional redundancies should be noted, being amo
Read moreUBS hikes target price for Next by a quarter
25th Mar 2014 10:44
UBS has hiked its target price for Next by nearly a quarter after the High Street retailer raised its guidance for the current financial year. Alongside its annual results last week, Next said it now expects 4-8% growth in Brand sales for the year ending January 2015, compared with the 1-4% estimat
Read moreFriday broker round-up UPDATE
21st Mar 2014 09:36
Anglo American: Nomura reduces target price from 1550p to 1475p and retains a neutral rating. Antofagasta: Nomura cuts target price from 800p to 720p and stays with its reduce rating. Canaccord Genuity reduces target price from 1030p to 880p, while its buy recommendation is kept. ASOS: UBS reduces
Read moreLondon close: FTSE ends lower after Yellen comments, budget impact
20th Mar 2014 16:59
- FTSE down 30.69 points, weighed by Yellen comments - Mortgage lending falls six per cent - Broker comment lifts SSE techMARK 2,800.23 -0.66% FTSE 100 6,542.44 -0.47% FTSE 250 16,217.35 -0.74% UK stocks finished in the red today as investors digested hawkish comments from Fed Chairwoman Janet Yel
Read moreNext's annual results 'brilliant but no surprises', says Credit Suisse
20th Mar 2014 15:08
Credit Suisse has kept a 'neutral' stance on Next, but admitted that the High Street retailer's annual figures were 'brilliant', as expected. "Full-year results were exactly in line with our forecasts, which following detailed guidance and upgrades post the January [trading update] was unsurprising
Read moreFTSE 100 movers: SSE rises on rating upgrade
20th Mar 2014 15:02
Electricity provider SSE was in the top spot after receiving a ratings upgrade from Morgan Stanley. Next was on the up after the High Street retailer reported annual profit that met the top end of its guidance, driven by growth in online sales. The company achieved an 11.8% rise in pre-tax profit
Read moreLondon midday: UK stocks at six-week low after hawkish comments from Yellen
20th Mar 2014 12:01
- Yellen comments rattle markets on tightening fears - FOMC tapers asset purchases by another 10bn dollars/month - Next impresses with full-year results - Changes in Budget continuing to affect stocks techMARK 2,788.04 -1.09% FTSE 100 6,500.19 -1.11% FTSE 250 16,174.99 -1.00% UK stocks dropped sha
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreLondon open: Stocks drop after hawkish comments from Yellen
20th Mar 2014 08:21
- Yellen says rate hike could come six months after QE ends - Fed continues to taper by 10bn dollars a month - Next impresses with full-year results techMARK 2,804.74 -0.50% FTSE 100 6,546.18 -0.41% FTSE 250 16,267.89 -0.43% UK stocks fell on Thursday morning, following a sell-off on US and Asian
Read moreLondon pre-open: Markets spooked by Yellen comments
20th Mar 2014 07:45
UK stocks are set to track both US and Asian markets lower early on, as indicies around the world fell on the back of comments made by Federal Reserve Chairwoman Janet Yellen. The FTSE 100 is expected to fall around 40 points from yesterday's closing level of 6,573.13 early on. Yellen caught mar
Read moreNext's annual pre-tax profit meets top end of guidance
20th Mar 2014 07:10
Next reported annual profit that met the top end of its guidance, driven by growth in online sales. The fashion retailer achieved an 11.8% rise in pre-tax profit to £695m in the year through January 2014, reaching the upper range of the company's forecast of £684m-700m. Underlying earnings per sha
Read moreThursday preview: Next unveils full-year results
19th Mar 2014 15:13
Fashion retailer Next will deliver its full-year results on Thursday when it is expected to report a rise pre-tax profits. In January the company raised its annual pre-tax profit guidance to £684m-700m, compared to £650m-680m previously, which would represent growth of between 10% to 12.6%. Earni
Read moreFTSE 100 movers: Resolution drops sharply despite annual profit jump
18th Mar 2014 13:06
Insurance group Resolution Limited fell sharply on Tuesday after underwhelming investors as it marked the end of its three-year restructuring programme with a big jump in profits in 2013. Resolution, which was set up as an insurance buyout and restructuring group in 2008, also announced that two of
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