Thursday tips round-up: Shaftesbury, Cineworld, Christmas shares
1st Dec 2011 07:06
The Tempus column in The Times ponders which stocks would fit into a share portfolio consisting of stocks exposed to London and the South East only, and suggests that one would be Shaftesbury, the property company whose assets consist almost entirely of shops, restaurants and bars in the West End. I
Read moreUPDATE: Thursday broker round-up
3rd Nov 2011 09:03
Tate & Lyle: Panmure Gordon raises target from 615p to 645p, keeps hold rating. Marks&Spencer: Credit Suisse cuts target to 345p from 390p, stays at neutral. Next: UBS ups target from 2,600p to 2,800p, buy recommendation unchanged. St. James's Place: UBS downgrades from buy to neutral, target red
Read moreLondon close: US jobs data fuels rally
2nd Nov 2011 16:40
UK equities finished near their highest levels on the day after better-than-expected jobs data in the US gave a boost to markets this side of the Atlantic. The Footsie finished over 1% higher, despite falling into the red before midday, as investors continue to keep an eye on ongoing developments in
Read moreFTSE 100 Movers: Miners rising high
2nd Nov 2011 13:39
Africa-focused gold miner Randgold Resources surged higher after profits for the third quarter jumped by 336% on last year to $122.9m, helped by the sale of 31,646 ounces of previously held gold on hand at Tongon. Mining peers Fresnillo and Kazakhmys were also higher. Miners were also buoyed by ri
Read moreLondon midday: Footsie slips into the red
2nd Nov 2011 12:41
The FTSE 100 swung between gains and losses on Wednesday morning as investors kept their eye on developments in the Eurozone. By midday, the blue chip index was slightly in the red, with some disappointing manufacturing data weighing on sentiment. GREECE, EUROZONE MANUFACTURING, US FED The decisio
Read moreBroker tips: Next, Standard Chartered, Logica
2nd Nov 2011 11:55
Prime Markets reiterated its buy rating on Next following the retailer's third quarter statement, saying that the firm has delivered an "exceptional performance in a challenging year". Prime Markets' head of dealing Richard Curr said, "Evergreen retailer and sector bellwether Next has delivered an
Read moreBroker snap: 'Exceptional performance' by Next, says Prime Markets
2nd Nov 2011 11:44
Prime Markets reiterated its buy rating on Next following the retailer's third quarter statement, saying that the firm has delivered an "exceptional performance in a challenging year". The group announced that third quarter sales rose by 3.3%, as accelerating growth in Directory sales offset a decl
Read moreLondon open: Modest recovery led by Next
2nd Nov 2011 09:24
The Footsie was making a modest recovery on Wednesday, following yesterday's mass sell-off on the back of news of a Greek referendum. While the situation in the debt-laden country seems to be getting worse - with its prime minister rejecting calls for the vote to be cancelled - buyers returned to Eu
Read moreLondon pre-open: Buyers to make cautious return
2nd Nov 2011 07:48
There are signs that buyers might be ready to return to the market after the shake-out of the previous two days, with some pundits suggesting that the Greek government will buckle under pressure from its Eurozone partners not to press ahead with its plans for a referendum on the bail-out package. C
Read moreNext beats expectations
2nd Nov 2011 07:37
Next, the fashion retailer, has seen a 3.3% increase in group sales in the third quarter compared to the same period of 2010. The figure is flattered, however, by new store openings, with Next saying 3.4% of sales growth was down to new space; when those numbers are stripped out it appears like-for
Read moreWednesday preview: Next sweating on a change in the weather
1st Nov 2011 16:37
Results from clothing retail chain Next could see the company having a gripe about the recent spell of good weather most of Britain has been enjoying. While the sunny weather will have pleased the brewers and ice-cream makers, fashion chains such as Next may have struggled to persuade shoppers to s
Read moreSunday newspaper round-up: Barclays, Italy, ECB, funds, G4S
30th Oct 2011 15:46
"Investment banking revenues at Royal Bank of Scotland and Barclays have taken a significant dive during the third quarter, results this week are expected to show. Keith Bowman, banking specialist at broker Hargreaves Lansdown, believes figures from the two banks' investment banking divisions could
Read moreLondon close: Nervy FTSE 100 closes higher
26th Oct 2011 16:47
It was another see-saw day for the FTSE 100 amid continued wrangling over the Eurozone crisis, but the top share index closed higher in line with a broadly higher showing on Wall Street. MARKETS AWAIT CRUCIAL MEETING Today's planned meeting of European Union Finance Ministers (ECOFIN) has been re
Read moreFTSE 100 Movers: Next takes a tumble
26th Oct 2011 13:03
Next was one of the worst performing stocks on the FTSE 100 on Wednesday after Deutsche Bank downgraded the high street giant from buy to hold, saying that it expects share price upside to remain muted until after Christmas. The German broker notes that Next has been the second best performing sto
Read moreBroker tips: Next, Stobart, Informa
26th Oct 2011 12:56
Next was one of the worst performing stocks on the FTSE 100 on Wednesday after Deutsche Bank downgraded the high street giant from buy to hold, saying that it expects share price upside to remain muted until after Christmas. "The stock has closed its historic price-to-earnings ratio discount to bot
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