FTSE 250 movers: Greene King leads risers as Ocado falls
4th Jul 2014 15:59
Greene King recovered from yesterday's declines, which came after the pub owner warned that consumers were still cautious, despite posted a rise in profit. Computacenter rose after UBS upgraded its from 'neutral' to 'buy'. Evraz shares climbed on rumours that the company is looking to offload a
Read moreBroker tips: Antofagasta, Direct Line, Supermarkets
4th Jul 2014 12:56
Shares in copper miner Antofagasta were continuing their recent upward trend on Friday after analysts at both Morgan Stanley and UBS cited a lack of near-term negative catalysts. Morgan Stanley upgraded its rating on the stock from 'underweight' to 'equalweight', saying that "negative catalysts [ha
Read moreShore Capital continues to prefer discounters over supermarkets
4th Jul 2014 12:31
Shore Capital has repeated its preference for discount retail stocks over incumbent superstore operators after research showed that the Convenience, Discount and Online (CDO) channels will drive growth in the UK grocery market over the next five years. The Institute of Grocery Distribution (IGD) es
Read moreFTSE 250 movers: Ocado continues higher as Balfour sinks
3rd Jul 2014 14:42
Online grocer Ocado continued to rebound from Tuesday's heavy sell off which came on the back of an underwhelming set of interim results on Tuesday. Drax Group was lifted by Credit Suisse, which upgraded the stock from 'neutral' to 'outperform', and increased its target from 695p to 750p. Meanwhil
Read moreLondon close: UK construction, StanChart lift FTSE
2nd Jul 2014 16:59
- FTSE closes up 13.45 at 6,816.37 - UK construction drives gains - StanChart lifted by private equity sale rumours techMARK 2,832.57 0.00% FTSE 100 6,816.37 +0.20% FTSE 250 15,897.11 +0.35% London's blue chips closed with modest gains today, coming off a sharp dip this morning, but with limited m
Read moreFTSE 250 movers: Ocado rebounds from yesterday's heavy losses
2nd Jul 2014 15:02
Online grocer Ocado was rebounding strongly after a heavy fall the previous day with analysts at Deutsche Bank providing a lift by upgrading the stock to 'hold'. The company underwhelmed the market with its interim results on Tuesday, but the bank said it now sees limited downside to its target pric
Read moreBroker tips: Persimmon, BT Group, Kier, Ocado
2nd Jul 2014 12:31
Hargreaves Lansdown Stockbrokers said that housebuilder Persimmon "continues to make hay while the sun shines" as it reported a solid second-quarter trading update on Wednesday. "With accommodative monetary policy underpinning the housing market, interest rates unlikely to rise markedly for now, an
Read moreLondon midday: Stocks gain as UK construction PMI hits four-month high
2nd Jul 2014 12:04
- UK construction PMI hits four-month high - ADP report, factory orders in focus Stateside - Service PMIs, ECB and jobs report due out tomorrow - Mothercare jumps on foreign interest techMARK 2,841.71 +0.32% FTSE 100 6,823.02 +0.30% FTSE 250 15,907.17 +0.42% Figures showing a surprise pick-up in U
Read moreWednesday broker round-up UPDATE
2nd Jul 2014 09:38
Anite: Investec places its target price (prev.: 88p) under review, while its hold recommendation remains unchanged. Ashcourt Rowan: N+1 Singer moves target price from 231p to 242p and keeps a buy recommendation. BG Group: Canaccord Genuity raises target price from 1250p to 1450p upgrading from hol
Read moreDeutsche Bank upgrades Ocado but downside risks remain
2nd Jul 2014 09:29
Deutsche Bank has upgraded its rating for Ocado from 'sell' to 'hold', saying that the recent weakness in the share price better reflects the risk/reward balance. The bank said that risks still remain but the 42% sell-off of the stock since its peak of 617p in late-February means that there is now
Read moreLondon open: Stocks edge higher ahead of key data
2nd Jul 2014 09:21
- Markets await US data, Yellen speech - Services data, ECB meeting and non-farm payrolls due out Friday - Mothercare jumps after Destination Maternity bid techMARK 2,838.22 +0.20% FTSE 100 6,821.55 +0.27% FTSE 250 15,914.05 +0.46% UK stocks edged higher on Wednesday morning though upside was limi
Read moreLondon close: Miners surge, analysts now see more hawkish Fed
1st Jul 2014 16:59
- FTSE closes up 58.98 points at 6,802.92 - Miners surge, Royal Mail hit by broker comment - UK, Chinese, US PMIs showed improvement techMARK 2,832.56 +0.54% FTSE 100 6,802.92 +0.87% FTSE 250 15,840.87 +0.75% The mining sector lifted the FTSE to a strong finish today, with the sector driven higher
Read moreFTSE 250 movers: Chinese data lifts mining sector
1st Jul 2014 15:49
Mining stocks were the best performers today, following the decent economic data from top metals user China. African Barrick Gold, BlackRock World Mining and Polymetal were three of the strongest risers on the second tier this afternoon. UK regeneration specialist St. Modwen Properties jumped as
Read moreBroker tips: Wolseley, St. Modwen, Ocado
1st Jul 2014 12:57
Credit Suisse has lowered its price target for Wolseley from 4,000p to 3,800p to reflect currency movements, but has maintained its positive stance, saying it sees "robust" growth for the heating, plumbing and building products group. "Our core thesis on WOS remains intact, and the stock remains on
Read moreLondon midday: Stocks rise as global manufacturing improves
1st Jul 2014 12:06
- China, UK manufacturing PMIs show improvement - Eurozone manufacturing PMI at seven-month low - Mining stocks rise strongly - St. Modwen impresses, Ocado disappoints techMARK 2,825.76 +0.30% FTSE 100 6,780.32 +0.54% FTSE 250 15,798.59 +0.48% Improving manufacturing activity in the UK and China g
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