UK stocks edge lower as investors await Eurozone GDP
14th Feb 2014 09:05
- Eurozone GDP figures ahead - Italian politics in focus as PM resigns - Miners rise strongly, banks and retailers fall techMARK 2,822.53 -0.05% FTSE 100 6,650.83 -0.13% FTSE 250 16,045.41 +0.10% UK stocks opened slightly lower on Friday morning with strong gains from mining stocks outweighed by w
Read moreUK stocks hold gains despite complex new forward guidance from BoE
12th Feb 2014 12:02
- Carney revamps forward guidance - BoE focusing on 'spare capacity' in economy - Bank Rate to rise only gradually when tightening is needed - Morrisons in buyout talks with private-equity firms techMARK 2,824.49 -0.42% FTSE 100 6,683.78 +0.17% FTSE 250 16,060.03 -0.11% UK stocks held on to small
Read moreUK stocks flat ahead of Inflation Report, Morrisons gains
12th Feb 2014 08:24
- Markets await Inflation Report, forward guidance in focus - Yellen still in focus after taper comments - China trade surplus widens unexpectedly - Morrison gains on private-equity buyout hopes techMARK 2,826.88 -0.34% FTSE 100 6,678.65 +0.09% FTSE 250 16,076.98 -0.01% UK stocks opened more or le
Read moreWM Morrison founders considering private-equity buyout, report says
12th Feb 2014 07:51
The founding family of WM Morrison is said to be considering taking the supermarket group private, according to market reports on Wednesday. The Morrison family, who are thought to hold around 9-10% of the UK grocer, have spoken to a number of private-equity firms to gauge their interest, according
Read moreStocks rise as Yellen strikes balanced tone, tensions in China ease
11th Feb 2014 17:24
- Yellen: Tapering to continue as long as incoming data supports - Precious metal miners track metal prices higher - Retailers gain after economic data - Barclays drops seven per cent after 2013 results disappoint techMARK 2,836.39 +1.06% FTSE 100 6,672.66 +1.23% FTSE 250 16,078.28 +1.05% UK ma
Read moreFTSE 100 movers: Barclays dives on poor results
11th Feb 2014 14:50
Barclays was the big faller of the day after the banking giant posted a worse-than-expected 32 per cent fall in 2013 adjusted pre-tax profit, with costs coming in higher than predicted. The group also unveiled its plan to cut between 10,000 and 12,000 job this year, 7,000 of which will be in the UK.
Read moreSector movers: Retailers mostly higher, but supermarket giants fall
11th Feb 2014 13:49
Retail stocks were putting in a mixed performance in London on Tuesday with general retailers making gains while supermarket chains headed lower. Overall, the UK retail sector registered healthy growth in January, according to figures released this morning by British Retail Consortium (BRC) which s
Read moreTesco and Morrisons lose in slowest market growth since 2005 - Kantar
11th Feb 2014 11:23
Supermarket chains Tesco, Morrisons and Asda lost out to upmarket rivals and discounters as the UK grocery market expanded at its slowest rate since 2005 in the last three months. Market growth slowed slightly to 2.4% in the 12 weeks to February 2nd, according to figures from retail researchers Kan
Read moreFood sales drop as spending habits change, Jefferies says
11th Feb 2014 11:21
The UK's retail sector registered healthy growth in January, if the British Retail Consortium's (BRC) latest figures were to be believed. However, the overall survey results masked a sharp underlying shift, as some consumers cut back on their food spend, making way in their budgets to move house, J
Read moreBroker tips: BP, ARM, Vodafone, Sainsbury
4th Feb 2014 12:19
Investec has maintained its 'hold' recommendation for oil giant BP, labelling the company's full-year results as 'weak'. "As the only one of the three UK majors not to warn on profits and/or guidance, BP looks like the undisputed champion in Q4," said Analyst Neill Morton. "However, this should not
Read moreLondon midday: ARM, BP drag markets lower amid choppy session
4th Feb 2014 11:41
- Markets bounce off lows but still in negative territory - Stocks tracking losses in US, Asia - ARM, BP, Electrocomponents and Ocado lower after results techMARK 2,747.57 -0.70% FTSE 100 6,437.48 -0.44% FTSE 250 15,494.78 -0.41% It was a choppy morning for UK markets on Tuesday as stocks pared lo
Read moreBroker snap: Bernstein sees 'compelling entry point' at Sainsbury
4th Feb 2014 09:47
Supermarket group Sainsbury was a standout performer on the FTSE 100 on Tuesday morning after analysts at Bernstein upgraded the stock from 'market perform' to 'outperform', saying that it is a 'well-run retailer'. The broker kept its 430p target price unchanged. "Consumers know why they shop at S
Read moreTuesday broker round-up UPDATE
4th Feb 2014 09:20
Alumasc: FinnCap ups target price from 142p to 167p and retains its buy recommendation. Barratt Developments: Barclays increases target price from 444.7p to 471.2p and keeps an overweight rating. Bellway: Barclays raises target price from 1498.1p to 1552.6p, but keeps an underweight rating. Berke
Read moreLondon pre-open: FTSE to fall further after US manufacturing data
4th Feb 2014 07:22
- FTSE to fall 45 points - Spanish unemployment and UK construction in focus - BG Group posts rise in Q4 revenue - BT Group reports weaker Q4 and overall poor FY profit City sources predict the FTSE 100 will open 45 points below yesterday's close of 6,465.66, extending yesterday's losses as stocks
Read moreSainsbury completes acquisition of banking arm
3rd Feb 2014 07:48
Sainsbury has completed the acquisition of the remaining 50 per cent stake in Sainbury's Bank from Lloyds Banking Group. The bank is now a wholly owned subsidiary of the UK supermarket chain and was fully consolidated within its accounts from January 31st. Sainsbury's was the first major British
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