Sunday newspaper round-up: Premier Oil, Bookmakers, Friends Life
27th Apr 2014 10:08
Premier Oil has rejected two takeover approaches from Ophir Energy, the Sunday Times reported. The most recent proposal by Ophir was an all-share deal that was unanimously rejected by Premier's board two weeks ago. The companies are likely to inform the market about the talks on April 28th following
Read moreFTSE 250 movers: Evraz, Ocado, Centamin, Debenhams
17th Apr 2014 14:38
Russian steelmaker Evraz rebounded on Thursday following a slump a day earlier when it reported an eight per cent fall in crude steel production for the first quarter. Online grocer Ocado Group gained ahead of the Easter weekend as shoppers stocked up on food for the holiday. Mining giant Centami
Read moreSector movers: Tesco gives grocery sector a lift after results
16th Apr 2014 15:14
Retailers were on shopping lists today, helped by a strong performance from sector heavyweight Tesco. Shares in Tesco were making gains despite the company reporting that profits fell for the first time in 20 years, as the decline was not as bad as analysts had predicted. A 6.7% fall in group trad
Read moreLondon midday: Sports Direct, Burberry and Tesco lead markets higher
16th Apr 2014 11:30
- Sports Direct gains as momentum stocks recovery - Tesco, Burberry and Persimmon impress with results - UK unemployment declines, China data mixed - Ukraine crisis escalates techMARK 2,642.64 +0.45% FTSE 100 6,562.09 +0.31% FTSE 250 15,694.83 +0.67% A recovery by so-called 'momentum' stocks and a
Read moreLondon open: Stocks bounce off three-week low as Tesco gains
16th Apr 2014 08:42
- Tesco, Hargreaves, Burberry and Persimmon rise after updates - Momentum shares bounce back after recent falls - Chinese data mixed, growth slows - Global economic data in focus today techMARK 2,648.70 +0.68% FTSE 100 6,577.56 +0.55% FTSE 250 15,701.67 +0.71% UK stocks rose strongly on Wednesday
Read moreFTSE 250 movers: Debenhams rises after maintaining divi
15th Apr 2014 14:49
High Street department store Debenhams rose after maintaining its interim dividend at 1p per share despite profits falling by a quarter in the first half. The profit decline, however, was in line with company guidance. Al Noor Hospitals headed higher after Jefferies increased its target price from
Read moreTuesday broker round-up UPDATE
15th Apr 2014 08:08
APR Energy: Goldman Sachs reduces target price from 1165p to 1039p, while upgrading to buy. Aureus Mining: FinnCap places its target price (prev.: 175p) under review and keeps its buy recommendation . Al Noor Hospitals: Jefferies increases target price from 1065p to 1155p and maintains a buy recom
Read moreFTSE 250 movers: Miners track metal prices higher
14th Apr 2014 15:41
Mining groups Evraz, Lonmin and Polymetal International all tracked metal prices higher. Jardine Lloyd Thompson also climbed after Numis raised its target price to 1,190p, upgrading the stock from 'hold' to 'buy'. Ocado shares suffered significant declines, which Bloomberg was linking to the wid
Read moreLondon midday: Sell-off continues on Ukraine crisis, but defensives gain
14th Apr 2014 11:40
- Ukraine calls on pro-Russian radicals to lay down arms - Defensive stocks, consumer staples rise as risk appetite falls - Glencore Xstrata sells Las Bambas for 5.85bn dollars techMARK 2,627.27 -1.60% FTSE 100 6,540.54 -0.32% FTSE 250 15,638.88 -1.63% UK markets picked up where they left off on M
Read moreLondon midday: Tech and airline stocks drag UK markets lower
11th Apr 2014 11:30
- Tech, internet stocks weigh on markets - Nasdaq sees sharpest fall since late 2011 - JPMorgan, Wells Fargo in focus this afternoon - Airlines sold off after Heathrow traffic stats techMARK 2,668.68 -1.87% FTSE 100 6,563.60 -1.18% FTSE 250 15,888.60 -1.61% UK stocks fell over one per cent on Frid
Read moreBroker tips: UK grocers, Whitbread, Synthomer...
8th Apr 2014 12:23
The outlook for profits across the UK grocery sector is 'highly constrained', according to Shore Capital, which has raised concerns about rising pricing contagion. The broker retained its 'sell' ratings for supermarket rivals Tesco and WM Morrison and online grocer Ocado. "We have harboured growing
Read moreShore Capital cautious on UK grocers as price war intensifies
8th Apr 2014 10:33
The outlook for profits across the UK grocery sector is 'highly constrained', according to Shore Capital, which raised concerns about rising pricing contagion. The broker has retained its 'sell' ratings for supermarket rivals Tesco and WM Morrison and online grocer Ocado. "We have harboured growin
Read moreFTSE 250 movers: Momentum stocks under selling pressure
7th Apr 2014 15:52
Ocado, Rightmove and PayPoint were registering heavy losses on Monday as technology-focused stocks bore the brunt of the wider market sell-off. UK markets were following last week's trend in the States where high growth, 'momentum shares' fell sharply as investors booked profits after the recent sur
Read moreLondon open: Stocks pull back from one-month high
7th Apr 2014 08:34
- Stocks track heavy losses in US and Asia - UK markets retreat from highest close since early March - CRH rises despite rivals' merger, housebuilders fall techMARK 2,741.16 -1.06% FTSE 100 6,646.69 -0.73% FTSE 250 16,282.85 -0.92% UK stocks fell sharply on Monday morning as investors booked profi
Read moreSector movers: M&S and Tesco drag retailers lower
4th Apr 2014 14:24
Retail stocks were trading lower on Friday with heavyweights Marks & Spencer and Tesco providing a drag on the sector. M&S was off shopping lists today after Goldman Sachs retained its 'sell' recommendation for the British department store chain, saying that the business could feel the heat from th
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