Wednesday preview: BoE Inflation Report, UK jobs data, SABMiller annual results
12th May 2015 15:08
Bank of England Governor Mark Carney delivers the Quarterly Inflation Report on Wednesday, potentially shedding some clues on the timing of an interest rate hike. The central bank on Monday announced it was keeping interest rates at 0.50% and the asset purchase programme at £375bn. The move was as
Read moreLondon close: Late rally pushes FTSE higher after choppy session
21st Apr 2015 16:25
UK stocks ended a choppy session in the green as an afternoon rally saw the FTSE 100 erase losses and push back towards its record high. "A good set of European earnings results sent stocks in Europe back towards all-time highs on Tuesday, sustained by ECB bond-buying and the lingering effects of th
Read moreBroker tips: Rio Tinto, Anglo American, SABMiller, Kingfisher
21st Apr 2015 11:28
Mining giants Rio Tinto and Anglo American were under the cosh in London as analysts at Barclays Capital lowered their recommendations on both stocks after slashing their commodity prices forecasts. The broker downgraded its rating on Rio from 'overweight' to 'equal weight', cautioning that the comp
Read moreLondon midday: Stocks erase gains as ongoing Greek debt saga hits sentiment
21st Apr 2015 11:28
After briefly coming close to their intraday record high, UK stocks dropped into the red by Tuesday lunchtime after data showed that the Greek debt saga was weighing on economic confidence in Germany. Heavy falls in the mining sector were also hitting markets, offsetting well-received quarterly earn
Read moreCredit Suisse downgrades SABMiller, says AB Inbev bid unlikely
21st Apr 2015 09:14
Brewing group SABMiller has been hit with a downgrade by Credit Suisse from 'neutral' to 'underperform', with the bank saying that its premium valuation is "unwarranted". Credit Suisse has lowered its profit forecasts for the company and cut its target price for the shares from 3,700p to 3,400p. "O
Read moreSunday share tips: Associated British Foods, SABMiller, Keywords Studios
19th Apr 2015 13:46
Buy shares in Associated British Foods, the owner of the Primark budget fashion retail chain, wrote Danny Fortson in the Sunday Times. This autumn, Primark will open its first location across the pond in Boston, with seven more planned in the States and no tweaking of its offering to American tastes
Read moreLondon close: Greek default fears grip markets as UK stocks pull back from record
16th Apr 2015 16:51
Stocks finished lower on Thursday with UK markets retreating from a record high, as bonds yields in Athens soared on the back of concerns over a potential Greek default. London's FTSE 100 was down 36.33 points (-0.51%) by the close at 7,060.45. The index pulled back from Wednesday's all-time closin
Read moreFTSE 100 movers: Pearson plunges on refund demands, Unilever higher on strong Q1
16th Apr 2015 13:38
Publishing group Pearson plummeted on reports that the Los Angeles Unified School District is seeking a refund from the firm and its technology partner, Apple, over a botched $1.3bn effort to supply students with iPads, BAE Systems dipped following a downgrade from 'buy' to 'neutral' from analysts a
Read moreLondon midday: Greek fears hit sentiment as stocks retreat ahead of US session
16th Apr 2015 11:54
Ongoing uncertainty over Greece gave investors an excuse to take profits on Thursday, with UK stocks pulling back from record levels ahead of what is expected to be a busy session in the States. "Fears over Greece continued to dominate Thursday morning, leaving the Eurozone indices in a sorry state
Read moreBroker tips: Unilever, SABMiller, BAE Systems
16th Apr 2015 11:32
Shore Capital has reiterated a 'buy' recommendation on Unilever after the consumer products giant beat forecasts with its first-quarter update, with the broker labelling it as a long-term winner in the FMCG sector. "Unilever's valuation sits comfortably within a basket of its global FMCG peers, and
Read moreNumis highlights SABMiller as "industry consolidation target" after Q4 impresses
16th Apr 2015 10:26
SABMiller impressed the market with a pick-up in sales growth in its fourth quarter, prompting Numis Securities to maintain a 'buy' rating on the brewing titan. However, the broker said its positive stance on the stock is "predicated on the view that SABMiller is an industry consolidation target".
Read moreLondon open: Greek woes pull UK stocks back from record high
16th Apr 2015 09:13
London's stock market pulled back slightly on Thursday morning, with investors pausing for breath after a record-setting session the previous day. The FTSE 100 was down 0.19% at 7,083.32 in early deals, retreating from Wednesday's all-time closing high of 7,096.78. The index also set a record intrad
Read moreLondon pre-open: UK stocks to extend record highs early on
16th Apr 2015 07:55
UK stocks are expected to edge higher in early trading on Thursday despite setting another record the previous session. City sources predict the FTSE 100 will open five points higher than Wednesday's all-time closing high of 7,096.78. The index also set a record intraday high of 7,111.72 during Wedn
Read moreGrowth at drinks giant SABMiller picks up in Q4
16th Apr 2015 07:19
Miller Lite, Peroni and Grolsch maker SABMiller impressed the market on Thursday with a strong finish to its financial year as robust growth in Africa and Latin America helped accelerate top-line momentum in the fourth quarter. The world's second-largest brewer, which additionally owns a portfolio o
Read moreShares in UK listed booze makers and pub owners advance after duty relief
18th Mar 2015 15:27
Shares in UK listed pub landlords, brewers and beverage companies all added gains on Wednesday after UK chancellor George Osborne decided to cut duty on beer by 1p for the third successive time in his budget. "Today I am cutting beer duty for the third year in a row - taking another penny off a pint
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