London midday: FTSE 100 up one per cent as sentiment improves
26th Jun 2013 11:21
Strong US data out yesterday, improving consumer confidence in Germany and measures by the Chinese central bank to ease a credit squeeze, all combined to give markets a boost on Wednesday with London's FTSE 100 jumping one per cent by midday. Nevertheless, mining stocks were under pressure in morni
Read moreLondon close: Stocks off again, Yen keeps strengthening
24th May 2013 16:15
London equities finished lower for a second straight day, with investors being put off by the recent gyrations in the market, although the early close of some US markets ahead of the Memorial Day weekend may also have played a role. Market commentary is a tad divided regarding the direction which
Read moreFTSE 100 movers: ENRC leads fallers
24th May 2013 15:42
Eurasian Natural Resources Corporation (ENRC) was leading the way lower. The company announced Thursday that it has suffered two potential losses of company data. Royal Bank of Scotland (RBS)'s mobile banking application was down Friday morning in another IT failure following a major glitch last y
Read moreLondon midday: Markets fall as caution sets in
24th May 2013 11:41
Mining and banking stocks were weighing on the FTSE 100 on Friday morning as the index extended losses following yesterday's dramatic sell-off. Worries about the Federal Reserve scaling back its asset purchase programme prematurely and a negative reading of factory activity in China saw markets acr
Read moreLondon open: Stocks in search of direction after sell-off
24th May 2013 08:47
Markets opened tentatively on Friday morning with sentiment still fragile following a plunge the day before as traders reacted to concerns about stimulus measures in the US and a slowdown in China. Worries about the Federal Reserve scaling back its asset purchase programme prematurely and a negativ
Read moreFriday broker round-up UPDATE
24th May 2013 08:00
Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib
Read moreFTSE 100 movers: RBS makes strong gains on Numis note
20th May 2013 14:56
Royal Bank of Scotland was in the lead after Numis raised its target price from 308p to 410p, while upgrading the stock to buy. Budget airline easyJet was also flying high after both Deutsche Bank and Citigroup lifted their target prices for the stock following last week's first-half results. Citi
Read moreLondon midday: Footsie flat as miners dampen earlier gains
20th May 2013 11:26
The FTSE 100 had erased its early-morning gains by Monday lunchtime, as strong performances by easyJet and RBS were offset by heavy falls in the mining sector. "A dearth of economic data in Europe this morning is mirrored across the Pond, giving traders the opportunity to pause and assess ahead of
Read moreBroker tips: easyJet, Next, FirstGroup
20th May 2013 10:56
Budget airline easyJet was flying high on Monday morning after Citigroup lifted its target price and kept its 'buy' rating for the stock following last week's first-half results. Citigroup said that it has raised its earnings estimates for the firm by around 10% for the next three years due to a be
Read moreBroker snap: Nomura downgrades Next after strong run
20th May 2013 10:53
Nomura has downgraded its rating for High Street giant Next from 'buy' to 'neutral' after the recent strong performance in the share price. In a research report on Monday morning, the broker said: "In our view, Next remains one of the best allocators of capital and most innovative cost managers in
Read moreMonday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
Read moreSector movers: Retailers gain as Dixons hits four-year high
16th May 2013 15:21
The strong performance from the retail sector continued on Thursday after forecast-beating results from bellwether Dixons brightened the outlook for Britain's High Streets. Dixons, which sells electricals such as laptops, cameras and kitchen appliances in the UK through its PC World and Currys chai
Read moreNext Property Director to leave company next year
16th May 2013 11:44
Retailer Next announced Thursday that its Property Director is planning to leave the company in June of next year, and step down from the board in May 31st of this year. In its statement the group said: "Andrew has been an immensely important part of Next's history and success. During his time wit
Read moreThursday broker round-up UPDATE
9th May 2013 07:23
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation. Anite: Panmure Gordon shifts target price from 170p to 171p and maintains a buy recommendation. Atkins: Credit Suisse raises target price from 770p to 822p, but downgrades to underperform. Avacta Group:
Read moreThursday tips round-up: Next, Genus, StanChart
9th May 2013 06:59
Retailer Next is facing a "new normal," something which its Chief Executive, Lord Wolfson of Aspley Guise, describes as an environment where the shopper is careful with his or her money and retailers can no longer expect an automatic year-on-year rise in like-for-like sales. So much so in fact that
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