Monday broker round-up UPDATE
29th Sep 2014 09:22
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 430p and stays with its hold recommendation. Numis upgrades from hold to add with a target price of 455p. Balfour Beatty: Westhouse Securities places its target price under review keeping a sell recommendation. Circle Holdi
Read moreFTSE 100 movers: Tesco slides after revising H1 guidance
22nd Sep 2014 14:48
The downside was led by supermarket giant Tesco after the group downwardly revised its profit forecast for the six months ended 23 August, saying it had previously overestimated it by £250m. The food retailer cited "accelerated recognition of commercial income" and "delayed accrual of costs" as the
Read moreMonday broker round-up UPDATE
22nd Sep 2014 11:28
Avation: WH Ireland shifts target price from 200p to 206p and maintains a buy recommendation BAE Systems: UBS raises target price from 460p to 505p and reiterates a buy recommendation. Centrica: Goldman Sachs ups target price from 385p to 396p leaving its buy recommendation unchanged. Chariot Oil
Read moreLondon midday: UK stocks near two-week high as Scots vote against independence
19th Sep 2014 11:18
UK stocks advanced on Friday, poised to finish at their highest levels in two weeks, after the Scottish people voted in favour of the Union in a crucial independence referendum. Some 55.3% of Scots voted 'no' to independence from the UK while 44.7% voted 'yes', erasing concerns about a break-up whic
Read moreLondon open: UK stocks rise as Scots vote 'no' to independence
19th Sep 2014 08:22
UK stocks staged a relief rally on Friday morning in the aftermath of the Scottish referendum, which saw people north of the border vote convincingly to remain part of the Union. Some 55.3% of Scots voted 'no' to independence from the UK while 44.7% voted 'yes', erasing concerns about a break-up whi
Read moreLondon open: Stocks edge higher ahead of FOMC, BoE minutes
17th Sep 2014 08:20
UK stocks edged higher on Wednesday morning after a positive session on Wall Street, though gains were only modest ahead of the hotly-anticipated Federal Open Market Committee (FOMC) statement and Bank of England minutes. London's FTSE 100 was trading 0.2% higher at 6,805 in early deals, after settl
Read morePetrofac chief financial officer acquires 20,000 shares
16th Sep 2014 16:17
Tim Weller, the chief financial officer of Petrofac, has acquired 20,000 shares in the oil and gas group. The director spent 510.50p on each of shares, giving the deal a total trade value of £206,606. The transaction takes Weller's stake in the company to 77,068. It comes just a few weeks after th
Read moreLondon close: FTSE recovers to end modestly higher
27th Aug 2014 16:59
- FTSE closes up 7.9 at 6,830.66 - ECB chatter, Thursday's data in focus - German consumer confidence declines techMARK 2,845.03 +0.42% FTSE 100 6,830.66 +0.12% FTSE 250 16,024.64 +0.17% The FTSE closed just marginally above its opening level on Wednesday as investors responded to a drop in German
Read moreFTSE 100 movers: Kantar data sends supermarket shares to opposite ends of spectrum
27th Aug 2014 16:20
Sainsbury led the downside after Kantar Worldpanel revealed the supermarket had endured a sales decline of 2.2% and a slight fall in market share from 16.5% to 16.4% year-on-year. Tesco was also very much in the red after the group, which is Britain's largest supermarket, saw its market share fall
Read moreLondon midday: Stocks hover near unchanged mark
27th Aug 2014 12:27
- Russia backs Ukraine peace initiative - Weak consumer confidence data in Europe - Ceasefire accord reached in Israel techMARK 2,845.63 +0.44% FTSE 100 6,828.43 +0.08% FTSE 250 16,073.52 +0.47% UK equities had moved slightly into the blue by midday in a day bereft of economic data and as traders
Read moreWednesday tips round-up: Regus, Petrofac
27th Aug 2014 07:55
Far from slowing down, after opening its 200th office centre in the first half of the year the provider of temporary office accommodation Regus is set to accelerate its expansion. A full 450 new centres are due to open this year and as many next year. The company does have its doubters however, give
Read moreLondon close: Stocks end higher after US data beats forecasts
26th Aug 2014 17:07
- FTSE closes up 47.51 at 6,822.76 - UK services growth suffers slowdown - US durable goods jump 22.6% techMARK 2,833.11 +0.35% FTSE 100 6,822.76 +0.70% FTSE 250 15,998.00 +0.74% It was a strong finish to Tuesday's session, with traders keen to keep up with the gains seen amongst global equities d
Read moreFTSE 100 movers: ABF lifted by JPMorgan rating
26th Aug 2014 16:37
Associated British Foods was a top performer on Tuesday after JPMorgan Chase & Co. reiterated its 'overweight' rating on the stock. RSA was higher after Bank of America gave the stock a 'buy' recommendation, up from its previous rating of 'neutral', prompted by a cleaner balance sheet and better m
Read moreLondon open: FTSE tracks gains in US
26th Aug 2014 09:26
- Jackson hole comments drive gains - S&P 500 surpasses 2,000 - Bunzl, WPP gain techMARK 2,828.25 +0.18% FTSE 100 6,800.64 +0.37% FTSE 250 15,924.69 +0.27% London's blue chips delivered decent gains on Tuesday morning as they followed in the steps of US stocks, which on Monday night were driven hi
Read moreLondon pre-open: FTSE to follow US stocks higher after long weekend
26th Aug 2014 07:45
London-listed stocks are set to track the strong gains seen in the US on Monday night as trading resumes after the long bank holiday weekend. City sources predict the FTSE 100 will open around 32 points higher than Friday's close of 6,775.25. Monday's session saw the S&P 500 at one point edge pas
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