Tuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read moreLondon close: FTSE in red as housing data, Russia weigh
21st Jul 2014 16:59
- FTSE closes down 21 at 6,728.44 - Ukraine, Gaza driving losses - Housing sector weighs after data techMARK 2,801.01 -0.10% FTSE 100 6,728.44 -0.31% FTSE 250 15,486.10 -0.45% Global tensions and disappointing housing data weighed on sentiment in today's session, with the footsie falling early on
Read moreFTSE 100 movers: Miners show resilience amid global tensions
21st Jul 2014 15:55
Miners Fresnillo and Antofagasta were showing resilience despite the mounting tensions seen in both Russia and Gaza over the past few days. Retail giant Tesco was up despite this morning unveiling a profit warning after a "challenging" second quarter. Shares gained after investors welcomed the res
Read moreSector movers: Tesco boosts food retailers as investors welcome CEO change
21st Jul 2014 15:00
A profit warning from Tesco sent many UK supermarket stocks lower on Monday, but investors in the firm itself seemed to celebrate the appointment of a new boss, sending shares in the grocery giant higher. Tesco, the largest retailer in Britain and second-largest in the world with a market capitalis
Read moreLondon midday: Housing, tobacco stocks lead UK markets lower, but Tesco gains
21st Jul 2014 12:10
- Gaza fighting, Ukraine crisis continues to dampen risk appetite - UK house prices fall for first time this year - Tobacco stocks hit by major fine for US peer - Tesco issues profit warning as CEO resigns techMARK 2,796.34 -0.27% FTSE 100 6,726.20 -0.34% FTSE 250 15,467.80 -0.57% Geopolitical con
Read moreLondon open: Stocks fall as geopolitical risk remains high
21st Jul 2014 09:13
- Gaza fighting continues - Tensions still high after Malaysia Airlines crash in Ukraine - Tesco rises as investors welcome CEO departure despite profit warning techMARK 2,791.37 -0.44% FTSE 100 6,724.54 -0.37% FTSE 250 15,430.53 -0.81% UK stocks eased on Monday morning as continued fighting in Ga
Read moreWednesday newspaper round-up: Carney, Stansted, Microsoft...
16th Jul 2014 06:44
Mark Carney has rejected calls by the Bank for International Settlements (BIS) for a swift return to normal interest rates, lambasting the lauded Swiss institution for operating "in a vacuum" and "outside political and economic reality". The Governor of the Bank of England said that BIS, considered
Read moreSector movers: Food retailers rebound after recent falls, Tesco rises
14th Jul 2014 15:22
Bargain-hunting was benefiting the food and drug retail sector on Monday as supermarket stocks recovered after suffering some heavy falls last week. A strong rebound across the wider market was experienced today with the FTSE 100 rising 1% after dropping 2.6% last week on concerns over Portugal's b
Read moreMonday newspaper round-up: Sainsbury, Housing market, North Sea oil...
14th Jul 2014 07:23
The pension liabilities facing J Sainsbury could prevent the supermarket group from competing with rivals in the grocery price war, according to new research. The retailer is one of six FTSE 100 companies whose disclosed pension liabilities are now larger than its equity market value, the pension co
Read moreSector movers: Supermarkets extend losses after tough week
11th Jul 2014 14:28
Supermarket stocks were the worst performers in London on Friday afternoon as the category continued to extend losses heading into the weekend. The FTSE 350 UK retail sector has lost 4.3% of its value over the last five days as the wider stock market pulled back from coming close to a multi-year hi
Read moreSainsbury sticks to plans to compete with discounters
9th Jul 2014 18:02
Sainsbury will remain focused on fresh produce and its own premium food brand to compete with discounters, according to the supermarket's new Chief Executive Officer (CEO) Mike Coupe. Coupe, who succeeded Justin King as CEO today, said the "reason people shop with us is they get a better quality pr
Read moreShore Capital continues to prefer discounters over supermarkets
4th Jul 2014 12:31
Shore Capital has repeated its preference for discount retail stocks over incumbent superstore operators after research showed that the Convenience, Discount and Online (CDO) channels will drive growth in the UK grocery market over the next five years. The Institute of Grocery Distribution (IGD) es
Read moreBritish Gas and Sainsbury's Energy in new mis-selling row
2nd Jul 2014 13:38
Centrica's British Gas and Sainsbury's have been hit by a new mis-selling scandal and are expected to return £500,000 to more than 4,000 affected customers. British Gas has, according to Sky News, already notified industry regulator Ofgem, which is apparently satisfied with the company's proposal t
Read moreLondon midday: Stocks rise as global manufacturing improves
1st Jul 2014 12:06
- China, UK manufacturing PMIs show improvement - Eurozone manufacturing PMI at seven-month low - Mining stocks rise strongly - St. Modwen impresses, Ocado disappoints techMARK 2,825.76 +0.30% FTSE 100 6,780.32 +0.54% FTSE 250 15,798.59 +0.48% Improving manufacturing activity in the UK and China g
Read moreMonday newspaper round-up: Bank Rate, Income tax, Cameron
30th Jun 2014 07:32
Interest rates are likely to hit 5% within a decade, according to the outgoing Bank of England deputy governor for monetary policy. Sir Charlie Bean said it would be "reasonable" to expect borrowing costs to return to pre-recession levels in the long term - between five and 10 years. - The Guardian
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