London midday: Markets cautious in fiscal deal aftermath
3rd Jan 2013 11:27
- Markets subdued after yesterday's 2.2 per cent jump - Concerns over US economy weigh on sentiment - Next cheers investors with festive update The FTSE 100 was broadly flat by Thursday lunchtime as stocks held on to yesterday's impressive 2.2 per cent surge on the back of the US fiscal cliff deal
Read moreBroker tips: Next, Experian, Chemring
3rd Jan 2013 10:57
Panmure Gordon has lifted its price target for retailing group Next from 3,770p to 3,848p following the company's Christmas trading update on Thursday morning which showed 'continued strength'. However, despite the forecast upgrades, Panmure retained its 'hold' rating for Next. "Trading on a FY2013
Read moreBroker snap: Panmure ups forecasts for Next
3rd Jan 2013 10:33
Panmure Gordon has lifted its price target for retailing group Next from 3,770p to 3,848p following the company's Christmas trading update on Thursday morning which showed 'continued strength'. The broker said that trading between November 1st and December 24th 2012 was strong with both sales and m
Read moreLondon open: Stocks flat after impressive rise
3rd Jan 2013 08:16
UK stocks were registering only slight losses on Thursday morning as markets managed to hold on to yesterday's impressive gains following the New-Year's-Day agreement to avert the fiscal cliff in the US. Providing some support early on was the China non-manufacturing purchasing managers' index whic
Read moreLondon pre-open: Stocks to add slight gains to yesterday's surge
3rd Jan 2013 07:26
City sources predict the FTSE 100 will open up six points from yesterday's close of 6,027, offering a modest extension to yesterday's huge gains following a new bill passed in the US on Tuesday, temporarily averting the threat of the so-called 'fiscal cliff'. UK markets will not be able to take gu
Read moreNext profits to be at top end of expectations
3rd Jan 2013 07:07
Retailer Next said its full year results would come in towards the top of expectations. Looking to 2013, the firm expects consumer spending to remain "subdued but steady" as employment levels continue to stave off a significant downturn. The company said although 2012 sales had been in line with f
Read moreThursday preview: Next benefits from festive shopping sales
2nd Jan 2013 15:36
Hot off the heels of festive trading Next is scheduled to report a strong fourth quarter performance. The UK's second-biggest clothing retailer will Thursday unveil its sales results for the Christmas period. The full year profit before tax estimate was put at £598m by Nomura Equity Research. Th
Read moreJohn Lewis posts record Christmas sales
2nd Jan 2013 14:40
John Lewis Partnership department store sales reached record highs during the Christmas season, the UK retailer revealed Wednesday. The company made £684.8m from sales for the five weeks to December 29th, up 14.8% from the year before. Most sales were made in the week leading up to December 22nd
Read moreMonday newspaper round-up: Prudential, Fiscal cliff, Next...
31st Dec 2012 07:06
Tidjane Thiam, Prudential's ambitious boss, is planning to review the company's structure next year in a move that could lead to the long-mooted break-up of Britain's biggest insurance group. Prudential is on course to meet the tough profit targets set by Mr Thiam two years ago and experts believe t
Read moreFriday broker round-up UPDATE
14th Dec 2012 08:09
Anglo American: UBS reduces target price from 2150p to 1860p and downgrades to neutral. JP Morgan reiterates underweight. BG Group: Barclays reduces target price from 1490p to 1450p, while reiterating an overweight rating. BP: Barclays cuts target price from 500p to 480p and keeps an underweight r
Read moreFriday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreTVC Chairman increases already sizable stake
3rd Dec 2012 15:55
Shane Rehill, the Executive Chairman of TVC Holdings invested 300k in the AIM-listed investment company, the company announced on Monday. Rehill purchased 450,000 shares at a price of €0.83 each (around 67.16p) on Friday of last week, spending a total of £302,220. The transaction took his total st
Read moreFriday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreThursday broker round-up
1st Nov 2012 09:19
Antofagasta: UBS ups target from 1,080p to 1,100p, sell rating kept. Avocet Mining: Numis downgrades to add, target cut from 130p to 90p; Westhouse Securities downgrades to sell, 1,434p target kept. Bank of Georgia: Seymour Pierce reiterates buy rating and 1,600p target. Barratt Developments: Gol
Read moreLondon midday: BG and Barclays provide a drag on the Footsie
31st Oct 2012 11:48
- BG drops nearly 20 per cent after cutting guidance - Barclays disappoints with Q3 results - US markets to re-open following two-day closure After a stable start, the FTSE 100 had dropped into negative territory by Wednesday lunchtime, with heavy falls from BG Group and Barclays providing a drag o
Read more