FTSE 100 movers: Supermarkets fall amid Campylobacter outrage, energy stocks drop
27th Nov 2014 15:24
The share price of UK supermarket chain Sainsbury was under pressure on Thursday after Shore Capital downgraded its rating from 'hold' to 'sell', saying investors should expect a "material contraction in profitability". The broker said it sees "few attractions in holding Sainsbury's shares". It expe
Read moreBroker tips: Sky, J Sainsbury, Wolseley
27th Nov 2014 12:38
Deutsche Bank has reinstated its coverage of Sky with a 'hold' rating and 1,000p target price, saying that "investors can afford to wait" amid material near-term uncertainties regarding the company's future. The bank previously had a 'buy' recommendation on the stock with a 1,100p target price. The
Read moreLondon midday: FTSE flat as energy shares slump ahead of OPEC meeting
27th Nov 2014 11:33
Heavy falls in the energy sector kept a lid on gains for the FTSE 100 on Thursday as investors awaited the outcome of a pivotal meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna. London's benchmark index was up just 0.06% at 6,733 by midday. The index has traded broadly s
Read moreShore Capital downgrades Sainsbury to 'sell' with profits set to sink
27th Nov 2014 11:11
The share price of UK supermarket chain J Sainsbury was under pressure on Thursday after Shore Capital downgraded its rating from 'hold' to 'sell', saying investors should expect a "material contraction in profitability". The broker said it sees "few attractions in holding Sainsbury's shares". It ex
Read moreThursday broker round-up
27th Nov 2014 10:15
Amlin: Numis upgrades to 'buy' with a target price of 535p. Amerisur Resources: PeelHunt lowers target price from 58p to 50p and reiterates a 'hold' recommendation. Associated British Foods: Citi raises target price from 3100p to 3700p and maintains its 'buy' recommendation. Avingtrans: FinnCap up
Read moreLondon close: UK stocks finish flat as retailers fall, data comes in mixed
25th Nov 2014 16:33
London's FTSE 100 ended Tuesday's session more or less where it started with stocks in the retail sector limiting gains while investors digested a string of important economic data. A disappointing third-quarter update from Kingfisher saw shares in the DIY retailer slump, while the supermarket secto
Read moreFTSE 100 movers: Kingfisher slides after French sales drag
25th Nov 2014 15:26
Shares in Kingfisher declined after the B&Q and Screwfix owner saw like-for-like (LFL) sales fall in the third quarter as decent growth in the UK and Ireland was offset by falling sales in its largest market, France. LFL sales declined 0.9%, compared with 1.8% growth in the first half. The supermark
Read moreSector movers: Supermarkets decline as Tesco angers shareholders
25th Nov 2014 14:35
The supermarket sector was under pressure on Tuesday as Tesco felt the heat from its indignant shareholders in response to a recent accounting scandal that left a £263m black hole in its accounts. Tesco's shares were down 2.1% at 189.25p in afternoon trade after a law firm claimed that shareholders
Read moreTesco leads sales falls in the last three months, Nielsen says
21st Nov 2014 12:54
Ailing supermarket group Tesco came out at the wrong end of another set of sales data on the UK's food retailers on Friday. Tesco was the biggest sales faller of the 'big four' supermarkets in the 12 weeks to 8 November, dropping 4.2% versus the same period a year ago, according to figures from r
Read moreFTSE 100 movers: Miners hit by weak data, but Babcock and Johnson Matthey jump
20th Nov 2014 14:00
Mining stocks were suffering steep losses on Thursday as a wave of disappointing economic data prompted investors to scale back their appetite for risk. Figures from top metals consumer China in particular were weighing on sentiment, as its manufacturing sector stagnated in November. Rio Tinto, Angl
Read moreLondon midday: UK stocks fall as global PMI data dampens sentiment
20th Nov 2014 11:45
The UK stock market slumped on Thursday as a wave of disappointing economic data and speculation about a looming interest-rate hike in the States prompted investors to tread cautiously. London's FTSE 100 was down 0.7% at 6,649 by midday, with the heavyweight mining sector providing a drag as figures
Read moreLondon open: Manufacturing PMIs, FOMC minutes push UK stocks lower
20th Nov 2014 08:31
Weak economic data from China and the Eurozone and a hawkish set of Federal Reserve minutes pushed UK stock markets lower on Thursday morning. The FTSE 100 in London was trading down 0.3% at 6,675 in early deals. The preliminary HSBC purchasing managers' index (PMI) for Chinese manufacturing releas
Read moreTuesday newspaper round-up: Quindell, UK supermarkets, Japan...
18th Nov 2014 06:42
Insurance claims processor Quindell has ousted founder and chairman Rob Terry from its board "in a dramatic attempt to restore investor confidence", writes the Financial Times. The company is expected to announce the news on Tuesday morning, the paper said, citing people familiar with the situation.
Read moreMonday broker round-up UPDATE
17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read more'Big Four' supermarkets could face closures, Waitrose boss warns
16th Nov 2014 12:07
UK supermarkets Tesco, Morrisons, Asda and Sainsbury could be forced to close some of their stores, Waitrose chief Mark Price has warned. Price, who has been notably vocal about the current picture on the grocery market in recent times, said it would be "incredibly hard to call" whether the 'big fou
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