FTSE 100 movers: Admiral rises on insurance industry data
17th Jan 2014 15:07
Car insurer Admiral led today's risers after data showed that the decline in average premiums across the sector eased considerably at the end of 2013. Retailers Sainsbury and M&S climbed after UK retail sales volumes grew at a whopping 2.6% month-on-month pace in December, up from a revised 0.1% in
Read moreFriday broker round-up UPDATE
17th Jan 2014 10:05
Aberdeen Asset Management: JP Morgan cuts target price from 544p to 529p, while its overweight rating remains unchanged. Canaccord Genuity reduces target price from 586p to 540p and reiterates a buy recommendation. UBS lowers target price from 540p to 520p and keeps a buy recommendation. Ashtead Gr
Read moreUS hedge fund sees Morrison uplift from property sale
16th Jan 2014 15:30
FTSE 100 grocer Morrison could boost its shares by 45 per cent if it hived off most of its property estate, according to a US hedge fund group that owns stakes in several UK supermarkets. Morrison, which owns the freehold of around 90% of its stores, in September suggested one of the possible stra
Read moreSainsbury's resists and Morrison's slips as discounters gain
14th Jan 2014 12:39
Sainsbury was the only one of the 'big four' supermarkets to hold onto market share and resist the ceaseless rise of discounters Aldi and Lidl and upmarket grocer Waitrose. As a whole, the sector enjoyed a better December of total market sales growing by 2.3%, following two periods of poor industr
Read moreFTSE 100 movers: Morrison regains recent losses on dividend hopes
13th Jan 2014 15:17
Supermarket group Morrison was the top riser this afternoon as it continued to recover after a steep fall last week following a bigger-than-expected drop in like-for-like sales over Christmas. Broker Shore Capital said it expects activist investors to continue to show interest in Morrisons as report
Read moreSector movers: Morrison leads supermarket comeback after press speculation
13th Jan 2014 15:14
Supermarkets were lifting the food and drug retail sector higher on Monday as stocks recovered following a tough week for the industry. Morrison, Tesco and Sainsbury were all making decent gains in afternoon trade after all three grocers disappointed investors with poor like-for-like (LFL) sales ov
Read moreFTSE 100 movers: Tullow jumps on bid speculation
10th Jan 2014 15:11
Tullow Oil was the top riser on speculation that it could be a takeover target. The bid speculation gave the oil stock a lift after rumours did the rounds yesterday that Norwegian group Statoil is considering an offer for the firm. Tullow also had a strong day yesterday after an upgrade from HSBC to
Read moreLondon close: Markets fall after Draghi comments, supermarkets drop
9th Jan 2014 17:07
- Draghi says Eurozone recovery 'weak and modest' - BoE, ECB keep rates on hold - Morrison and Tesco disappoint with Christmas sales techMARK 2,774.65 -0.25% FTSE 100 6,691.34 -0.45% FTSE 250 15,948.97 -0.33% After a brief stint in positive territory, UK stocks sunk into the red on Thursday market
Read moreFTSE 100 movers: M&S shares recover despite Q3 miss
9th Jan 2014 15:26
Marks & Spencer shares were putting in a strong performance this afternoon, recovering somewhat after yesterday's third quarter miss. The stock was given a boost by Investec, which upgraded its rating from 'hold' to 'buy', saying that the business should now become cash generative given that the cur
Read moreMorrison shares tank after sharp drop in Christmas sales - UPDATE
9th Jan 2014 15:18
- Full-year profits to come in at bottom end of forecasts - LFL sales fall by 5.6 per cent over Christmas - Online shopping service "ready to launch" The share price of Wm Morrison tanked on Thursday after a disappointing sales performance over the key festive season with like-for-like (LFL) sales
Read moreLondon midday: Stocks edge higher as BoE holds rates
9th Jan 2014 11:33
- Morrison, Tesco disappoint with Christmas updates - M&S rallies after Investec comments despite Q3 miss - BoE holds rates, ECB expected to do the same techMARK 2,796.74 +0.54% FTSE 100 6,738.35 +0.25% FTSE 250 16,031.24 +0.18% After a slow start, UK markets were registering small gains by Thursd
Read moreLondon open: Markets fall ahead of central banks, Morrison and Tesco drop
9th Jan 2014 08:24
- Morrison, Tesco, Ted Baker fall after updates - RSA review identifies 'inappropriate' behaviour by Irish execs - BoE, ECB meetings and economic data in focus techMARK 2,783.32 +0.06% FTSE 100 6,709.13 -0.19% FTSE 250 15,959.96 -0.26% Heavy falls from supermarket stocks dragged UK markets lower o
Read moreLondon pre-open: Flat start ahead of BoE and ECB decisions
9th Jan 2014 07:24
City sources predict the FTSE 100 will open unchanged from yesterday's close of 6,721.78 as investors await fresh direction after the US ended last night's session mixed. Today will see the Bank of England most likely leave its monetary policy unchanged this month, which, as Craig Erlam, analyst a
Read moreLondon close: Markets slip ahead of central bank meetings, retailers fall
8th Jan 2014 17:09
- Retailers in focus after Sainsbury, Mothercare, Majestic updates - US ADP data increases taper speculation - Central banks watched ahead of policy meetings techMARK 2,781.64 -0.28% FTSE 100 6,721.78 -0.50% FTSE 250 16,001.74 -0.42% Heavy falls in the retail sector and cautiousness among investor
Read moreFTSE 100 movers: RSA rises on confidence ahead of investigation result
8th Jan 2014 16:01
RSA Insurance climbed strongly ahead of receiving the results of an independent investigation after it reiterated its confidence that the recent financial irregularities are isolated to its Irish business. The results are due to be announced tomorrow. Banking stocks were extending yesterday's gain
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