Thursday broker round-up UPDATE
14th Nov 2013 09:21
Afren: Goldman Sachs moves target price from 260p to 270p and retains its strong buy recommendation. APR Energy: Citi raises target price from 1250p to 1350p reiterating a buy recommendation. Atkins: Investec places both its target price (prev.: 1025p) and its reduce rating under review. Babcock
Read moreLondon open: Stocks surge on stimulus hopes after Yellen comments
14th Nov 2013 08:17
- Yellen says Fed has 'more work to do' - FTSE 100 rebounds from four-week low - French, German GDP paint gloomy picture techMARK 2,649.73 +0.92% FTSE 100 6,688.86 +0.89% FTSE 250 15,335.50 +1.03% Dovish remarks from the soon-to-be Chair of the Federal Reserve gave markets a big boost on Thursday
Read moreLondon close: FTSE 100 at four-week low on policy concerns
13th Nov 2013 16:36
- FTSE 100 sinks to lowest level since mid-October - Rate-hike speculation follows BoE Inflation Report - Sainsbury up after strong first half techMARK 2,625.69 -0.83% FTSE 100 6,630.00 -1.44% FTSE 250 15,179.84 -1.23% UK stocks declined sharply on Wednesday as investor risk appetite was scaled ba
Read moreFTSE 100 movers: Sainsbury rises on strong first half
13th Nov 2013 15:14
Supermarket giant Sainsbury rose after boasting of its largest market share for a decade in the first half, helped by fast growth from its own-brand food and an even faster growth of non-food. Utility stocks have put in a good performance today after sentiment was dampened by the Bank of England's
Read moreWednesday broker round-up
13th Nov 2013 12:33
AMEC: Credit Suisse downgrades from outperform to neutral with a target price of 1250p. Antofagasta: Alphavalue lowers target price from 1000.6p to 999.5p, while upgrading from add to buy. Associated British Foods: Credit Suisse raises target price from 1850p to 2250p and keeps a neutral rating.
Read moreLondon midday: Stocks fall after BoE Inflation Report
13th Nov 2013 12:17
- BoE Inflation Report released - UK unemployment rate falls techMARK 2,627.78 -0.76% FTSE 100 6,651.35 -1.12% FTSE 250 15,219.66 -0.97% Stocks edged lower on Wednesday as investors digested the Bank of England's (BoE) quarterly Inflation Report and jobless data. In the Inflation Report today, t
Read moreBroker tips: StanChart, Sainsbury's, AMEC
13th Nov 2013 11:13
Nomura has maintained its 'buy' rating and 1,810p target price for emerging markets-focused bank Standard Chartered saying that the company's medium-term guidance is still better than consensus estimates despite a reduction in targets this week. "There still appears to be scepticism in the market t
Read moreBroker snap: Panmure ups target for Sainsbury's after H1 beat
13th Nov 2013 10:27
Panmure Gordon has upped its target price for UK grocery chain Sainsbury's after a better-than-expected first half and continued outperformance against its rivals. Sainsbury's reported a 7% increase in interim pre-tax profit to £400m, slightly ahead of the consensus forecast for £394m. The broker a
Read moreLondon open: Stocks sink ahead of Inflation Report
13th Nov 2013 08:36
- Inflation Report in focus after CPI data yesterday - Markets give mixed reaction to corporate earnings - UK unemployment rate expected to hold steady techMARK 2,636.08 -0.44% FTSE 100 6,684.38 -0.63% FTSE 250 15,327.34 -0.27% Stocks sank sharply on Wednesday morning as investors scaled back thei
Read moreSainsbury's first half excels on strong food and stronger non-food - UPDATE
13th Nov 2013 07:03
- Sales up 4.4 per cent, EPS up 9.2 per cent - Food strong, non-food even stronger - Convenience up 20 per cent and online up 15 per cent Boosted by fast growth from its own-brand food and an even faster range of non-food, Sainsbury's boasted of its largest market share for a decade and announced a
Read moreSunday newspaper round up: M&S, CBI Europe warning, Morrisons
3rd Nov 2013 13:29
The founder of Dunelm, who is Marks & Spencer's biggest private investor, has backed Chief Executive Marc Bolland, the Sunday Telegraph reported. Bill Adderley said Bolland is a "hard worker" and that "too big a deal" has been made of disappointing results at M&S's non-food business. The billionaire
Read moreLidl encroaching on Big Four grocers with Deluxe TV ad
30th Oct 2013 14:39
Discount supermarket operator Lidl is to up the pressure on the Big Four Supermarkets with a first UK-wide television advertising campaign to promote its more upmarket goods. The German-owned supermarket chain, which earlier this year set out plans to open between 35 to 50 new stores in the UK in
Read moreSainsbury calls for judicial review after Tesco ad complaint is rejected
30th Oct 2013 10:45
Supermarket heavyweights Sainsbury and Tesco are set to go head-to-head in a battle over the latter's Price Promise campaign. Sainsbury has called for a judicial review after its complaint to the Advertising Standards Authority about Tesco's "misleading" campaign was rejected. While Tesco has sa
Read moreBroker snap: Jefferies updates grocers with Morrison and Tesco picked
22nd Oct 2013 13:27
Jefferies' European Retail Team noted that demand in the grocery industry has remained weak overall, although Morrison has strengthened and Sainsbury's remains "the winner". With demand "weak" and grocery industry growth having remained "pedestrian" in the four weeks to October 13th, total till rol
Read moreSainsbury's boss warns of inflationary pressures on consumers
9th Oct 2013 14:18
Sainsbury's Chief Executive Justin King said British consumers are likely to have less disposable income this time next year as inflation continues to outstrip wage rises. While recent economic data has revealed an improving outlook for UK consumer spending, retailers are worried about how much of
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