Wednesday broker round-up - UDPATE
31st Oct 2012 09:09
AMEC: Seymour Pierce keeps buy rating and 1,250p target; Investec keeps buy rating and 1,300p target. Babcock: Panmure Gordon keeps hold rating and 940p target. Barclays: Nomura keeps reduce rating and 210p target. BP: Jefferies keeps hold rating and 450p target. Chariot Oil & Gas: Seymour Pierc
Read moreLondon open: Stocks rise but Barclays limits gains
31st Oct 2012 08:44
- Barclays falls after unveiling two new US probes - US stock market expected to open today - Asian data lifts the mood UK stock markets edged higher in early trading on Wednesday despite some poorly-received third-quarter figures from Barclays and Next early on, The New York Stock Exchange is ex
Read moreLondon pre-open: FTSE to drop ahead of US re-opening
31st Oct 2012 07:26
City sources predict the FTSE 100 will open down 14 points from yesterday's close of 5,850, as investors await the re-opening of trade in the US after two days of unexpected closure in the wake of Hurricane Sandy. Nevertheless, and as the Chief Executive Officer of NYSE-Euronext commented last night
Read moreNext affected by 'volatile' trading in third quarter
31st Oct 2012 07:09
High Street fashion and homewares retailer Next said that its sales performance was 'volatile' in the third quarter with stronger sales in late September and early October offsetting an unusually quiet start to August. The group had already flagged in its interim results that sales at the start of
Read moreWednesday preview: Glaxo, Next
30th Oct 2012 15:59
Drugs giant GlaxoSmithKline issues third quarter figures on Wednesday with the market expecting revenue to decline but earnings to rise. Revenue is forecast to slide by around 5% to £6,758m from £7,104m the year before, but operating profit is seen climbing to £2,257m from £2,179m. Earnings per sh
Read moreWednesday broker round-up
24th Oct 2012 09:25
African Barrick Gold: Investec raises target from 485p to 530p, hold rating kept. Aggreko: Seymour Pierce maintains buy rating and 2,500p target. AstraZeneca: Panmure Gordon keeps hold rating and 3,000p target. British American Tobacco: Jefferies keeps buy rating and 3,730p target; Panmure Gordon
Read moreMonday broker round-up - UPDATE
22nd Oct 2012 08:19
888 Holdings: Morgan Stanley ups target from 125p to 130p, overweight rating kept. Aggreko: Jefferies cuts target from 2,800p to 2,535p, buy rating kept; HSBC downgrades to underweight, target cut from 2,350p to 1,750p; JPMorgan Cazenove cuts target from 2,360p to 2,165p, neutral rating kept; Barcl
Read moreLondon close: Stocks end flat after BoE and ECB decisions
4th Oct 2012 17:02
- BoE and ECB hold rates - US data beats estimates - Next leads risers after broker comments The Footsie swung between gains and losses for most of Thursday's session but finished the day broadly flat following a busy day on the global economic calendar, which saw policy decisions in the UK and Eur
Read moreFTSE 100 movers: Tesco shares continue to fall
4th Oct 2012 16:17
Tesco shares continued to fall on Thursday, following a disappointing set of second quarter results from the supermarket giant the previous day. Knocking investor sentiment further was broker Exane BNP Paribas, which cut its targe on the stock from 325p to 300p, and maintained its underperform ratin
Read moreDebenhams & the missing guidance upgrade
18th Sep 2012 13:15
Life-for-like (LFL) sales growth is usually regarded as the holy grail of retailing, and department store Debenhams delivered it in spades at the end of its trading year, but the market was puzzlingly indifferent to this achievement. Having reported year-on-year (y/y) LFL sales growth of 3.1% (excl
Read moreFriday broker round-up - UPDATE
14th Sep 2012 07:52
Aegis: Credit Suisse cuts target to 121.6p from 240p, maintains at underperform. Antofagasta: Nomura keeps buy rating and 1,450p target. ASOS: Peel Hunt downgrades to hold, target lifted from 1,800p to 2,100p. Daily Mail: Barclays reduces to equal-weight from overweight. Domino Printing: Jeffer
Read moreLondon close: Stocks surge on hopes for QE3
13th Sep 2012 16:35
- Markets close higher ahead of Fed decision - Greece could need third bailout, says IMF official - BAE's merger with EADS called into question Following a subdued start, UK stocks ended at their highest levels of the day with just an hour or so to go before the announcement of the Federal Reserve'
Read moreSector movers: Vodafone and BT lift telecoms higher
13th Sep 2012 15:59
The telecoms sectors were performing well on Thursday with heavyweights Vodafone and BT Group providing a lift in afternoon trade. Mobile phone group Vodafone was making decent gains in the mobile telecoms sector, one day after the stock was hit with concerns about its US joint venture Verizon Wire
Read moreFTSE 100 movers: BAE drops on broker notes
13th Sep 2012 14:56
Defence group BAE Systems was also a heavy faller, pulling back after surging yesterday on discussions with aerospace giant EADS regarding a "possible combination" of the businesses. Investec, Societe Generale and Oriel Securities cut their recommendations for the stock this morning. Hot on its hee
Read moreLondon midday: Markets look to Fed for a boost
13th Sep 2012 11:50
- Markets tentative ahead of FOMC announcement - Stocks already priced in stimulus - Next and BAE provide a drag in London The FTSE 100, like other stock markets across Europe, was broadly flat by Thursday lunchtime ahead of a pivotal policy decision by the Federal Reserve expected later on. Yest
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