London close: Stocks fall on Eurozone fears
21st Mar 2013 16:20
The FTSE continued its journey lower today, as investors grew increasingly concerned over events in Cyprus and the Eurozone generally. Manufacturing data from the region showed its fastest rate of contraction in three months, dashing hopes of an economic recovery. Things were looking up closer t
Read moreFTSE 100 movers: Next rises on profit increase
21st Mar 2013 15:04
UK retailer Next leapt into the top spot after posting a rise in full year profits, boosted by growth in online sales and business expansion. Pre-tax profits climbed by 9.0% to £621.6m for the year to the end of January 2013, compared to £570.3m a year earlier. AstraZeneca was up after making th
Read moreLondon midday: Selling abates ahead of US data barrage
21st Mar 2013 11:50
UK stocks were near their lows of the day by mid-session, weighed down by the much weaker than forecast manufacturing and services sector data out this morning in the Eurozone. That came ahead of a barrage of macroeconomic statistics which were scheduled for release in the United States this after
Read moreRetail sales rebound in February, data shows
21st Mar 2013 11:49
Retail sales rose more than expected in February, boosted by strong demand for tablet devices, the Office for National Statistics (ONS) revealed Thursday. Total sales increased by 2.1% last month, compared with -0.7% in January, beating the 0.4% consensus. Core sales, excluding fuel, increased by
Read moreNEXT's annual profits rise on online sales
21st Mar 2013 07:19
UK retailer NEXT unveiled a rise in 2012 profits on Thursday boosted by growth in online sales and business expansion. Pre-tax profits climbed by 9.0% to £621.6m for the year to the end of January 2013, compared to £570.3m a year earlier. The company's online offering, NEXT Directory, drove resul
Read moreSector movers: M&S bid speculation lifts retailers higher
18th Mar 2013 15:33
Increased M&A speculation on the High Street boosted the general retail sector higher on Monday, with department store Marks & Spencer (M&S) surging after a rumoured takeover bid by Qatar. M&S's shares rose as much as 9.0% in early trading after The Sunday Times reported that the Qatar Investment A
Read moreWednesday broker round-up UPDATE
6th Mar 2013 07:03
Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
Read moreTuesday broker round-up UPDATE
26th Feb 2013 07:27
Andor Technology: Investec shifts target price from 460p to 500p and keeps a buy recommendation. Associated British Foods: Nomura revises target price from 1790p to 1800p, while its neutral rating remains unchanged. Barclays: Espirito Santo raises target price from 346p to 418p and reiterates its
Read moreSunday newspaper round-up: RBS, BP, Vodafone
24th Feb 2013 13:24
The US government and Gulf Coast states are reportedly considering offering BP a deal under which the company will pay 16bn dollars to settle civil suits stemming from the 2010 Deepwater Horizon disaster. The deal would cover the company's potential penalties under the Clean Water Act and payments u
Read moreThursday broker round-up UPDATE
14th Feb 2013 08:09
African Barrick Gold: Deutsche Bank cuts target price from 410p to 340p, while staying with its hold recommendation. Investec reduces target price from 405p to 315p and downgrades from buy to hold. JP Morgan lowers target price from 370p to 290p and downgrades to underweight. AG Barr: Barclays down
Read moreMonday broker round-up - UPDATE
28th Jan 2013 08:04
Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati
Read moreNext non-exec halves stake
24th Jan 2013 16:07
Steve Barber, a non-executive director of Next, the High Street clothing retailer, has halved his stake in the company with the sale of 5,000 shares. With the shares selling at 4,024p a time the director earned £201,200 before tax. The group said earlier this month that its full year results would
Read moreMonday broker round-up UPDATE
14th Jan 2013 06:57
Aberdeen Asset Management: JP Morgan ups target price from 414p to 479p and retains an overweight rating. HSBC downgrades to neutral. Aggreko: UBS cuts target price from 2350p to 2250p maintaining a buy rating. ARM Holdings: Piper Jaffray downgrade to neutral. Ashmore Group: JP Morgan shifts ta
Read moreLondon close: Markets start 2013 in bullish mood
3rd Jan 2013 17:03
- Footsie jumps 150 points in two days - Markets react to mixed economic data - UK 10-year bond yields above two per cent London's blue-chip index was able to build on Wednesday's massive surge today in the aftermath of the fiscal cliff deal Stateside on New Year's Day. Market analyst Michael Hews
Read moreFTSE 100 movers: Serco makes strong gains after upgrade
3rd Jan 2013 15:22
Serco Group became a higher riser after the outsourcing company was upgraded by Espirito Santo. Compass Group, the contract caterer, was downgraded by the same broker, prompting shares to fall. Building materials group CRH fell after announcing that full-year development activity in 2012 totalle
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