London close: FTSE ends session higher after Chinese data provides lift
8th May 2013 16:11
Market Movers techMARK 2,437.82 +0.82% FTSE 100 6,583.48 +0.40% FTSE 250 14,193.28 +0.65% The FTSE closed firmly higher on Wednesday, boosted by gains in the US following strong data from China. Next led the charge higher, while Standard Chartered provided a drag for much of the day. China repo
Read moreFTSE 100 movers: Next rises despite posting fall in Q1 profit
8th May 2013 14:29
Evraz was making strong gains by the afternoon, recovering some of its recent losses. Possibly worth mentioning, Goldman Sachs has today reportedly reaffirmed its bullish short-term stance on copper prices. Next made strong gains - despite posting an overall fall in first quarter retail sales - aft
Read moreLondon midday: Slow grind higher continues
8th May 2013 11:41
Equities in London are continuing their slow grind higher, with the benchmark Footsie now gaining 19 points to the 6,576 point mark. That followed yesterday´s rise in the Dow Jones Industrial Average to above the 15,000 point mark for the first time in its 117 year history and stronger-than-expected
Read moreNext's first quarter retail sales fall
8th May 2013 07:01
Next has reported a 1.9 per cent fall in retail sales in the first quarter, blaming an unseasonably cold March. The UK retailer said poor weather stopped shoppers from stocking up on new summer ranges in March, which affected the overall performance of the first three months of the year. Sales pick
Read moreWednesday preview: Next and Sainsbury report
7th May 2013 15:42
Next is expected to report retail sales growth when it unveils its first quarter results Wednesday, according to Panmure Research. The broker recommended a 'buy' rating, saying the UK retailer's online offering has put it in a prime position for growth. "Our 'buy' rating is based on our long term
Read moreWednesday preview: Next releases first quarter results
30th Apr 2013 15:27
UK retailer Next is set to reveal its first quarter results Wednesday - a month after posting annual profit growth. A slump in homewear sales is expected to drag on the company's performance, according to analysts at Credit Suisse on April 5th. The broker said although Next has started to priorit
Read moreWednesday newspaper round-up: BHP Billiton, RBS, Next...
17th Apr 2013 07:04
Mining titan BHP Billiton has reiterated its full-year output targets despite a 'lacklustre' performance across several key businesses in the first quarter, writes the Financial Times. According to a YouGov poll, Royal Bank of Scotland should stay in public hands and not return to the private secto
Read moreNext Chairman to take over reins of easyJet Chairman
16th Apr 2013 08:14
Chairman of fashion retailer Next, John Barton, is in talks to chair low-cost airline easyJet, Sky News reported Tuesday. Barton has emerged as a contender to replace Sir Mike Rake, who retires this summer to become President of CBI, a business lobby group. easyJet is yet to confirm a successor
Read moreLondon close: Markets hammered by fears over US labour market
5th Apr 2013 17:03
A lacklustre US employment report resulted in a market sell-off across global indices on Friday afternoon as the American economy added much fewer jobs than expected in March. Market Analyst Craig Erlam from Alpari said that the optimism surrounding the US recovery "has been shattered in the space
Read moreLondon midday: Stocks tank as eyes turn to US jobs data
5th Apr 2013 11:28
Stocks across Europe were under heavy selling pressure on Friday morning as traders refrained from building positions ahead of the all-important employment report due out Stateside this afternoon. "We're seeing a lot of caution in the markets on Friday, ahead of what is expected to be a disappointi
Read moreBroker tips: Banks, Asset managers, Next
5th Apr 2013 10:41
Investec has turned more bullish on global banking giant HSBC, upgrading the stock from 'add' to 'buy', but has retained a clear preference for sector peer Standard Chartered (also rated 'buy'). Analyst Ian Gordon said in a research note on Friday that both HSBC and StanChart are expected to delive
Read moreBroker snap: Credit Suisse cuts Next to 'neutral' after strong run
5th Apr 2013 09:15
After a 50 per cent share-price jump over the past 12 months, Next has seen its rating downgraded by Credit Suisse from 'outperform' to 'neutral', causing the stock to fall on Friday morning. The broker has removed the shares from its 'Focus List' after the 37% outperformance of the benchmark FTSE
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreLondon open: Markets nervous ahead of US jobs data
5th Apr 2013 08:27
Markets declined on Friday morning, despite relative strength in the mining sector, as traders refrained from building positions ahead of the key risk event of the day - the US employment report. The market reaction to the non-farm payrolls figure will be interesting to see, given the somewhat disa
Read moreFriday broker round-up UPDATE
22nd Mar 2013 08:48
Afren: Nomura shifts target price from 175p to 180p keeping a neutral rating. ASOS: Nomura increases target price from 2000p to 2630p, while reiterating a neutral rating. Betfair: Panmure Gordon takes target price from 761p to 813p and leaves its buy recommendation unchanged. Brewin Dolphin Holdi
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