Broker tips: Sainsbury, Next, BHP Billiton
24th Jun 2015 11:12
Shares in UK supermarket retailer Sainsbury rose to the top of the FTSE 100 on Wednesday after Societe Generale upgraded the stock to 'buy' from 'hold' and raised the target price to 315p from 260p, pointing to a resilient profile and attractive valuation. It said the group's profile is more resilie
Read moreLondon open: UK stocks rise ahead of pivotal Eurogroup meeting on Greece
24th Jun 2015 09:13
UK stocks opened with small gains on Wednesday morning ahead of another Eurogroup meeting, as officials hope to secure desperately-needed bailout funds for Greece. The FTSE 100 was up 0.22% at 6,849.80 early on, rising for the fifth consecutive session. The index has not closed above this mark since
Read moreSainsbury tops FTSE 100 after Societe Generale upgrade
24th Jun 2015 08:52
Shares in UK supermarket retailer Sainsbury rose to the top of the FTSE 100 on Wednesday after Societe Generale upgraded the stock to 'buy' from 'hold' and raised the target price to 315p from 260p, pointing to a resilient profile and attractive valuation. It said the group's profile is more resilie
Read moreLondon close: FTSE 100 drops to January lows on Greek uncertainty, traders await FOMC comments
17th Jun 2015 17:16
UK stocks fell for the fourth straight day on Wednesday with London's FTSE 100 finishing at its lowest level in five months as Greece continued to fight with creditors to secure a bailout deal. Investors were also showing caution ahead of the conclusion of a monetary policy meeting at the Federal Re
Read moreFTSE 100 movers: Supermarkets hit by Credit Suisse note, property stocks lower
17th Jun 2015 13:35
UK stocks dipped on Wednesday, led by sector weakness in supermarkets and property, which overshadowed gains made by construction, telecommunications and mining stocks. As of 15:00 BST, the FTSE 100 was trading 0.26% lower at 6,693. Supermarket rivals Morrisons, Sainsbury's and Tesco fell after Cre
Read moreLondon midday: Stocks decline as Greek woes rumble on
17th Jun 2015 11:30
UK stocks declined on Wednesday ahead of a Federal Reserve policy decision, as negative news from Greece continued to weigh on sentiment. Just before noon, the FTSE 100 was trading 0.31% lower at 6,689.07 after settling at 6,710.10 on Tuesday, its lowest close since 10 March. Should the index finis
Read moreBroker tips: Betfair, Tesco, Sainsbury, Morrison, BAT, Imperial Tobacco
17th Jun 2015 10:23
Numis raised its rating on Betfair to 'reduce' from 'sell' and reiterated its 2,100p price target, in light of the modest recent retreat in the share price. Commenting on the company's full-year results, it noted that revenue was just a touch ahead of its expectations, with earnings before interest,
Read moreLondon open: UK stocks flat as investors watch Greece, Fed decision
17th Jun 2015 08:42
UK stocks paused at a three-month low on Wednesday morning ahead of a Federal Reserve policy decision, as negative newsflow from Greece continued to dampen risk appetite. The FTSE 100 was trading 0.1% lower at 6,703.24 after settling at 6,710.10 on Tuesday, its lowest close since 10 March. The inde
Read moreUK food retailers initiated by Credit Suisse
17th Jun 2015 07:33
Credit Suisse initiated coverage of UK food retailers with a negative stance on the sector, saying it sees few opportunities within a group that has historically misallocated capital, is faced with extreme competitive pressures and operates in a low-growth environment. The bank started Tesco and Sai
Read moreLondon close: Stocks cut gains after Greek talks stall
11th Jun 2015 16:46
Stocks managed to hold on to their gains at the end of the session despite news the International Monetary Fund had pulled the technical team which was negotiating with Athens in Brussels. RBS was among the best performers in London after the government announced plans to sell down its stake, while
Read moreSainsbury boss acquitted of Egyptian charges
11th Jun 2015 14:53
The chief executive of Sainsbury has been acquitted by an Egyptian court of embezzlement charges. The charges were brought against Mike Coupe as a representative of the supermarket, and Sainsbury itself, the company said in an announcement. The legal dispute related to a joint venture Sainsbury ent
Read moreFTSE 100 movers: RBS gains on privatisation plans, Sainsbury lifted by upgrade
11th Jun 2015 13:26
London markets were buoyed by positive sentiment from Greece and booming banking and food retail sectors on Thursday afternoon. As of 14:00 BST the FTSE 100 was trading 0.5% higher at 6,864. Royal Bank of Scotland surged as George Osborne announced the government will begin the process of return
Read moreLondon midday: Banks and supermarkets rise as Greek talks intensify
11th Jun 2015 11:23
Decent gains from banking and supermarket stocks helped the FTSE 100 rise on Thursday, as investors showed optimism about continuing talks between Greece and its creditors. RBS was among the best performers in London after the government announced plans to sell down its stake, while Sainsbury's was
Read moreBroker tips: J Sainsbury, Royal Mail, Weir Group
11th Jun 2015 10:56
Cantor Fitzgerald upgraded J Sainsbury to 'buy' from 'hold' and lifted the target price to 312p from 275p, saying it believes the industry is near the bottom of its current deflation and margin cycle and the stock is supported by a dividend yield of 4.4%. It noted that sales volumes are improving th
Read moreSainsbury upgraded to 'buy' by Cantor Fitzgerald
11th Jun 2015 10:12
Cantor Fitzgerald upgraded J Sainsbury to 'buy' from 'hold' and lifted the target price to 312p from 275p, saying it believes the industry is near the bottom of its current deflation and margin cycle and the stock is supported by a dividend yield of 4.4%. It noted that sales volumes are improving th
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