Broker tips: Diageo, Sainsbury, Wood Group
30th Jan 2014 12:20
Canaccord Genuity has cut its target price for drinks group Diageo from 1,900p to 1,835p and kept a 'hold' rating, recommending investors to take a cautious view on near-term forecasts after a disappointing first-half report. "While those with a long term horizon may be sanguine about the organic s
Read moreLondon midday: Stocks hold on to losses as investors weigh Fed, data
30th Jan 2014 11:20
- FTSE 100 at lowest since December 18th - Fed continues to taper, cuts bond purchases by 10bn dollars - Chinese PMI confirms manufacturing contraction - Updates from blue chips come in mixed techMARK 2,760.98 -0.25% FTSE 100 6,524.90 -0.30% FTSE 250 15,650.01 -0.24% The Federal Reserve's decision
Read moreBroker snap: HSBC cuts Sainsbury target after CEO exit
30th Jan 2014 10:26
HSBC has reduced its target price for supermarket group Sainsbury after the exit of Chief Executive Officer (CEO) Justin King, who is stepping down after 10 years as boss. The bank kept its 'neutral' rating for the stock and has reduced its target from 380p to 360p to "reflect the increased risk fr
Read moreThursday broker round-up UPDATE
30th Jan 2014 09:06
Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan
Read moreThursday tips round-up: Sainsbury, Miners
30th Jan 2014 07:21
Incoming Sainsbury Chief Executive Officer (CEO) Mike Coupe, who takes over from Justin King, faces a daunting task at the supermarket. Not as much is being asked of him as was of Tesco boss Philip Clarke, who took over from Terry Leahy, but the challenge set out before him daunting enough. The UK
Read moreLondon close: Stocks swing into the red as investors weigh emerging markets, Fed
29th Jan 2014 17:00
- Stocks swing sharply into red in afternoon trade - Renewed EM currency volatility follows rate hikes - Wall Street lower ahead of Fed decision - Miners rise after strong updates, Sainsbury boss exits techMARK 2,768.00 -0.48% FTSE 100 6,544.28 -0.43% FTSE 250 15,688.31 -0.18% Market volatility re
Read moreBroker snap: CEO exit at Sainsbury gives 'more clarity', says S&P Capital IQ
29th Jan 2014 16:02
The departure of Justin King from Sainsbury more or less received a negative reaction from markets on Wednesday, as investors showed concerns with the departure of the supermarket chain's long-running boss. However, S&P Capital IQ chose to take a more positive view, raising its rating from 'sell' t
Read moreFTSE 100 movers: Miners rise on strong updates
29th Jan 2014 15:10
Chilean miner Antofagasta raced to the top of the leaderboard today after it reported a record year of copper production for 2013, supported by a strong output performance in the fourth quarter and despite predictions 2014 production is set to drop. The stock was helped even higher after analysts at
Read moreLondon midday: Gains erased ahead of Fed as emerging-market concerns remain
29th Jan 2014 11:58
- Turkey hikes rates, lira strengthens but gains pared - Antofagasta, Anglo American, Randgold impress with updates - Sainsbury falls after King departure - Barclays considering branch closures, job cuts techMARK 2,784.36 +0.10% FTSE 100 6,578.86 +0.10% FTSE 250 15,808.49 +0.59% UK markets had com
Read moreSainsbury boss King to quit, plays down M&S talk - UPDATE
29th Jan 2014 09:07
The Chief Executive of Sainsbury's is stepping down but played down talk that he could replace the boss of troubled rival Marks & Spencer. Justin King will quit the role on July 9th this year to be succeeded by Group Commercial Director Mike Coupe, the group said in a statement. There had been spe
Read moreSunday newspaper round-up: Supermarkets' property, Lloyds, UBM
26th Jan 2014 16:51
US activist investors are plotting to force Tesco, Sainsbury's and Morrisons to split off their property holdings, the Sunday Times reported. The plan, led by activist fund Elliott, would require them to put their property holdings into separate companies and to sell minority stakes on the stock exc
Read moreLondon close: Stocks sink sharply after global data comes in mixed
23rd Jan 2014 16:35
- Chinese manufacturing in contraction - Data from US comes in mixed - Pearson, easyJet, Petrofac and ARM fall techMARK 2,827.81 -0.71% FTSE 100 6,773.28 -0.78% FTSE 250 15,980.13 -1.03% Mixed economic figures from across the globe weighed heavily on stocks on Thursday, with UK markets retreating
Read moreLondon midday: Markets slip after China data, Pearson tumbles
23rd Jan 2014 11:25
- Chinese manufacturing unexpectedly contracts - PMI figures from Eurozone beat forecasts - Raft of US data due out later on - Pearson and easyJet drop after updates, M&S upgraded techMARK 2,848.63 +0.02% FTSE 100 6,811.34 -0.22% FTSE 250 16,125.92 -0.13% After a subdued start, the FTSE 100 turned
Read moreBroker snap: JPMorgan keeps 'underweight' stance on UK supermarkets
23rd Jan 2014 10:05
Supermarket stocks were trading in the red on Thursday after gloomy comments from JPMorgan Cazenove about the issues and misconceptions surrounding companies' property valuations. The bank reiterated its 'underweight' positions on UK grocers Morrison, Sainsbury and Tesco. Morrison, which owns the
Read moreLondon open: Markets flat after mixed data from China, Europe
23rd Jan 2014 08:50
- Chinese manufacturing unexpectedly contracts - PMI figures from Eurozone beat forecasts - Raft of US data due out later on - Pearson drops after gloomy update techMARK 2,854.33 +0.22% FTSE 100 6,830.94 +0.07% FTSE 250 16,142.38 -0.03% The FTSE 100 opened more or less flat on Thursday as investor
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