Friday broker round-up -UPDATE
10th Feb 2012 10:27
Ferrexpo: Rennaisance downgrades to hold. ICAP: Goldman Sachs downgrades to neutral from buy. Schroders: Goldman Sachs upgrades to buy from neutral. Next: Deutsche Bank upgrades to buy from hold. National Grid: JP Morgan downgrades to neutral from outperform. Barclays: Nomura maintains buy
Read moreLondon close: US data, Greek talks weigh on FTSE 100
27th Jan 2012 16:26
With economic growth in the world's largest economy surprising to the downside, miners and oil stocks were sold off on Friday, dragging the Footsie near to its lowest levels of the day by the close. Meanwhile, uncertainty in regards to debt-swap talks in Greece continued to weigh on investors' minds
Read moreFTSE 100 movers: Next proves popular
27th Jan 2012 14:28
High street retailer Next was in the top spot, helped by AlphaValue which upgraded the stock from add to buy and lifted the price target from 3,467.6p to 3,481.1p. Following suit, Imperial Tobacco was in demand after Citi reiterated its buy rating on the cigarette-making giant. Meanwhile a downgr
Read moreLondon midday: Losses pared on talks of progress in Greece
27th Jan 2012 12:06
- Gains pared by midday. - Talks of progress in Greece. - BP falls after Transocean spat. After a sharp decline early on, losses were pared by lunchtime, with the FTSE 100 trading only slightly lower, as talks of progress in Greece helped lift sentiment. European markets on the whole are generall
Read moreFriday broker round-up - UPDATE
27th Jan 2012 09:43
CRH: Liberum Capital downgrades to hold from buy. Misys: Espirito Santo downgrades from buy to sell, cuts target to 263p from 275p. Aquarius: Credit Suisse maintains neutral and price target at £2.1. Lonmin: Credit Suisse maintains underperform and price target at £9.8. Imperial Tobacco: Cit
Read moreFTSE 100: ENRC soars on dispute settlement
5th Jan 2012 13:22
Shares in Eurasian Natural Resources Corporation (ENRC) leapt on news it has settled a dispute with Canadian mining firm First Quantum over assets in the Democratic Republic of Congo. The two disgruntled companies have reached an agreement under which ENRC will pay First Quantum £1.25bn for the ma
Read moreThursday newspaper round-up: RBS, Spain, Renewables, Next
5th Jan 2012 07:06
As many as 10,000 jobs could be culled at the Royal Bank of Scotland as it dramatically downsizes its global banking and markets division. These cuts and an expected £1bn to £2bn of restructuring costs are considered the worst-case scenario by the bank, it was reported in the Financial Times. RBS is
Read moreLondon close: Footsie follows Wall Street lower
4th Jan 2012 17:12
Having spent most of the day seeking direction, UK investors took the hint from their US counterparts and banked some of yesterday's heavy gains. Fashion chain Next was one of the day's biggest fallers, after a cautious trading statement. The company said "despite a good final week before Christma
Read moreFTSE 100 Movers: Next's forecasts to be downgraded, broker suggests
4th Jan 2012 12:39
Fashion chain Next was in the bottom spot on the FTSE 100 leader-board after it saw slightly disappointing trading at its Retail stores. Interestingly, the firm says its post-Christmas sale period has gone well, with final clearance rates slightly ahead of 2010. This will give investors some heart
Read moreLondon midday: Footsie back to square one
4th Jan 2012 10:38
UK equities are seeking direction after a morning in which the Footsie moved in a narrow band ranging from 5689 to 5720. Fashion chain Next is a drag on the index, after a cautious trading statement. The company said "despite a good final week before Christmas, November and December sales were disa
Read moreLondon open: Retailers caned after Next disappoints
4th Jan 2012 08:38
Footsie has defied expectations of a soft start and has crept above the 5,700 barrier, helped by continuing demand for resource stocks. Fashion chain Next is a drag on the index, however, after a cautious trading statement. The company said"despite a good final week before Christmas, November and D
Read moreNext cautious on 2012 -UPDATE
4th Jan 2012 07:41
Fashion chain Next said the strong performance of its Directory unit continues to compensate for the slightly disappointing trading at its Retail stores. Interestingly the firm says its post-Christmas sale period has gone well with final clearance rates slightly ahead of 2010. This will give invest
Read moreLondon pre-open: Stocks to open lower after yesterday's boom
4th Jan 2012 07:35
Stocks are set to start the day lower as they settle down following Tuesday's strong trading. City sources predict the FTSE 100 will open down 24 points from yesterday's close of 5,700. Pizza delivery firm Domino's Pizza saw a slow-down in year-on-year like-for-like sales (LFL) growth in the fina
Read moreNext Directory sales surge continues
4th Jan 2012 07:10
Fashion chain Next said the strong performance of its Directory unit compensated for the slightly disappointing trading at its Retail stores. The Retail unit saw sales (excluding VAT) fall 2.7% in the period from August 1st to December 24th versus the corresponding period the year before, while Dir
Read moreWednesday preview: Next and Domino's Pizza
3rd Jan 2012 17:53
Wednesday looks like it could be a big day for the retail sector with fashion chain Next making a trading announcement that should give a clue to how the festive shopping season went. The retailer is set to release sales figures covering the period up to and including Christmas Eve, and may also pro
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