Thursday tips round-up: Sainsbury, Tesco, UBM
2nd Oct 2014 09:07
Competition in the UK groceries market has simply gotten downright vicious, as the disruptive German discounters Aldi and Lidl carve themselves a piece of the market. That is so much so the case that last month the market's size grew at its slowest since 1993, data from Kantar revealed. However, the
Read moreSector movers: Sainsbury leads market lower on strong trading volume
1st Oct 2014 17:02
Grocers led the market lower as the news-flow surrounding the sector continued to be intensely negative, with investors' worries seemingly cristalysing as shares of Tesco continued to slide lower. That followed the unexpected news first thing Wednesday morning that the Financial Conduct Authority (F
Read moreShore Cap slashes Sainsbury's earnings and dividend forecasts
1st Oct 2014 12:57
Sainsbury's mixed second-quarter results and plans for a no-stone-unturned strategic review have led broker Shore Capital to downgrade its earnings and dividend forecasts, and an "uncomfortable hold" stance. The company guided to a 2% fall in like-for-like sales, but did not change its full year pro
Read moreLondon midday: Grocers pummelled after latest update from Sainsbury
1st Oct 2014 12:08
The Footsie was declining come midday following the release of weaker than expected survey readings for the manufacturing sector in the Eurozone and UK. The FTSE 100 was 33 points lower at 6,589 as of 12:18. Downbeat performances from both US and Asian markets overnight were helping matters little.
Read moreLondon open: Stocks slightly lower after Eurozone PMIs
1st Oct 2014 09:29
The Footsie has begun the Wednesday session trading lower following downbeat performances from both US and Asian markets overnight and ahead of the latest manufacturing sector data out Stateside this afternoon. The FTSE 100 was 34 points lower at 6,589 as of 09:20. "Today we have the latest manufac
Read moreLondon pre-open: FTSE to open lower ahead of manufacturing PMIs
1st Oct 2014 07:39
London-listed stocks are expected to start Wednesday's session on the backfoot following downbeat performances from both US and Asian markets overnight and ahead of manufacturing sector readings due out across the globe. City sources predict the FTSE 100 will open around 13 points lower than yesterd
Read moreSainsbury's second quarter better than expected - UPDATE
1st Oct 2014 07:03
Second quarter numbers from Sainsbury were better than expected, with like-for-like sales excluding fuel down 2.8% as competitive forces in the grocery market accelerated. Analysts at Shore Capital had been expecting a drop of 3.5% and others fearing an even bigger decline. Like-for-like sales, als
Read moreWednesday preview: Sainsbury releases second quarter results
30th Sep 2014 14:11
Sainsbury will take to the podium with its latest interim results on Wednesday. Like the other 'Big Four' UK supermarkets, the company has come under pressure as it has lost market share to discounters including Aldi and Lidl. The competition has prompted a price war among the 'Big Four', which als
Read moreFTSE 100 movers: Petrofac shares lifted by Credit Suisse upgrade
29th Sep 2014 16:06
Credit Suisse drove Petrofac shares higher after upgrading the stock from 'neutral' to 'outperform', target 1,340p. However, analysts at Morgan Stanley wrote that the return of aggressive bidding by contractors as they seek more MENA work - given slowdowns elsewhere – may impact Petrofac's order int
Read moreAldi sales continue to rise thanks to increasing market share
29th Sep 2014 11:06
Discount food retailer Aldi has posted another jump in annual pre-tax profit as it continues to race ahead in the price war with the so-called "big four" supermarkets. Aldi reported a record £260.9m for 2013, although this represented a slowing down of growth by almost half compared to that se
Read moreFTSE 100 movers: Easyjet shares take off thanks to comments from Jefferies
26th Sep 2014 16:23
Shares in Easyjet flew higher after Jefferies said the airline was situated to benefit from the recent problems with Air France-KLM, which has been forced to cancel numerous flights due to pilot strike action. The broker also predicted the group would have a positive finish to the year. Astrazeneca
Read moreLondon midday: BAE Systems leads gains on geopolitical worries
26th Sep 2014 12:14
The Footsie had reverted to positive higher by midday ahead of the release of two first-tier economic indicators in the States on Friday afternoon. UK equities traded lower throughout the better part of the morning, ignoring overnight losses in US markets which saw the Dow Jones Industrials and S&P
Read moreFriday paper round-up: Lloyds, TSB, Tesco, Sainsbury's, Putin
26th Sep 2014 07:03
teerngasLloyds Banking Group has kickstarted a share sale in its TSB banking division, which will leave the bailed-out bank with a 50% stake in TSB, The Daily Telegraph reported on Friday. Lloyds sold 38.5% of TSB in June, with shares priced at 260p each, and has announced it will sell an additional
Read moreLondon open: Tesco still in the news, as euro continues to slip
25th Sep 2014 09:29
UK stocks have begun the session with the slightest of gains, with investors focusing on remarks by European Central Bank President Mario Draghi, to a Lithuanian publication, to the effect that the ECB could implement additional easing measures. That comes as the euro/dollar slips below the 1.28 dol
Read moreThursday broker round-up UPDATE
25th Sep 2014 08:48
Amec: UBS raises target price from 1100p to 1215p upgrading from neutral to buy. Aquarius Platinum: Citi lowers target price from 26p to 22p maintaining a neutral rating. Arrow Global: Panmure Gordon ups target price from 335p to 360p and keeps a buy recommendation. Barr (AG): Numis ups target pri
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