Wednesday broker round-up UPDATE
3rd Jul 2013 09:16
Aberdeen Asset Management: Bank of America reduces target price from 410p to 360p maintaining an underperform rating. ARM Holdings: UBS upgrades to buy from neutral, keeps target price at 970p. Cineworld: Investec ups target price from 347p to 360p and keeps a buy recommendation. N+1 Singer moves
Read moreWednesday newspaper round-up: BRC, JP Morgan, Barclays
3rd Jul 2013 06:46
High street shop prices are falling at the fastest rate in more than six years, figures from the British Retail Consortium's shop price index revealed. Prices in June were 0.2 per cent lower than in the same month last year and flat compared to May, The Telegraph reported. JP Morgan has come down o
Read moreFTSE 250 movers: Inmarsat hit by concerns over delays to GX launch
2nd Jul 2013 14:07
Satellite group Inmarsat was a heavy faller today after negative readacross from a failed rocket launch by one of its partners. ILS, the launch partner for Inmarsat's Global Xpress (GX) airline broadband project, was involved in an explosion of a Proton rocket, the third failure over the last year r
Read moreLondon midday: Markets pull back ahead of key risk events
2nd Jul 2013 11:32
The FTSE 100 was trading firmly lower on Tuesday morning with profit-taking evident after a strong performance over the past week, as investors gear up for central-bank meetings and key US data later in the week. London's benchmark index jumped 1.5% yesterday as it continued to rebound strongly af
Read moreLondon open: Stocks lower, traders take profits after recent gains
2nd Jul 2013 08:53
The FTSE 100 opened firmly lower on Tuesday morning as investors paused for breath following a decent performance over the last week. London's benchmark index jumped 1.5% yesterday as it continued to rebound strongly after hitting a five-month low of 6,029 last Monday on the back of concerns over a
Read moreOcado books pre-tax loss after infrastructure investment
2nd Jul 2013 07:41
Online grocery firm Ocado reported a 28.7 per cent rise in underlying first half earnings but swung to a pre-tax loss after it pumped cash into its growing infrastructure. Ocado, which looks after the online operations of supermarket Waitrose and recently signed a deal with rival Wm Morrison, said
Read moreFriday broker round-up UPDATE
14th Jun 2013 08:15
Amlin: UBS starts with a target price of 400p and a neutral rating. Cairn Energy: JP Morgan takes target price from 320p to 340p maintaining a neutral rating. Catlin: UBS initiates with a target price of 475p and a neutral rating. Chemring: Credit Suisse increases target price from 210p to 260p a
Read moreLondon close: FTSE 100 down one per cent as volatility continues
11th Jun 2013 16:41
Rising government bond yields, falling commodity prices and an underwhelming statement from the Bank of Japan (BoJ) saw some heavy falls on equity markets on Tuesday. The FTSE 100 closed down 60 points at 6,340, but finished well off its intraday low of 6,283 as US bond yields pared earlier gains.
Read moreFTSE 250 movers: Ocado up as rumours escalate; Dialight drops
11th Jun 2013 15:10
Online grocer Ocado was extending its recent gains on Tuesday, continuing to set new all-time highs, as speculation over potential contracts and M&A activity continue to do the rounds. The stock has rocketed since the start of the year after the company signed a deal with Morrison to help the superm
Read moreM&S rumours propel Ocado higher
11th Jun 2013 11:48
The fortunes of what was once considered to be a company on the verge of disintegration - Ocado - without a clear differentiated offering, have been transformed in a matter of months. Certainly, that is what markets increasingly seem to be discounting, as shown by the fact that the percentage of s
Read moreLondon midday: Financials, miners pull FTSE 100 to seven-week low
11th Jun 2013 11:23
Falling commodity prices and rising government bond yields resulted in a sell-off on Tuesday morning, as the recent volatility on equity markets continued, sending the FTSE 100 to a seven-week low. The FTSE 100 was trading around the 6,300 markby midday, the first time it has fallen to this level s
Read moreLondon close: Stocks finish lower after choppy session
10th Jun 2013 16:57
Monday saw another choppy session on financial markets in the midst of mixed economic data from Asia, though stocks finished firmly off their lows after S&P raised its outlook for the US. Wall Street benchmark opened in positive territory after the opening bell as ratings agency S&P upped its view
Read moreFTSE 250 movers: Ocado jumps to all-time high
10th Jun 2013 14:57
Online grocery firm Ocado was the standout performer on the second-tier FTSE 250 index on Monday afternoon, rising to his highest ever level since it debuted on the stock market in July 2010. While there's no newsflow, one trader told Sharecast that today's moves are likely a result of 'short-seller
Read moreWaitrose boss refuses to meet Ocado chief after Morrisons deal
23rd May 2013 13:55
Head of Ocado, Tim Steiner, said Waitrose boss, Mark Price, has given him the cold shoulder after the online grocer made a deal with rival Morrison Supermarkets, The Telegraph reported. Ocado, which looks after the online operations of Waitrose, has agreed to help Morrisons launch its first shoppi
Read moreThursday newspaper round-up: Ocado, UK Mail, Hibu...
23rd May 2013 06:54
The Telegraph says that Waitrose head Mark Price is refusing to meet with Ocado chief Tim Steiner after the online grocery group agreed to help rival Morrison develop an online shopping website. According to The Times, British parcel delivery group UK Mail is close to signing a deal with the Depart
Read more