Broker tips: Tate & Lyle, Sainsbury, Compass
20th Sep 2013 12:07
Shares in food and sweeteners manufacturer Tate & Lyle were falling heavily on Friday morning after the stock's rating was cut by Credit Suisse from 'outperform' to 'neutral'. The bank said its greatest concerns is a proposal in Mexico to tax soft drinks which would cut demand the group's high-fru
Read moreLondon midday: Stocks pause ahead of German elections
20th Sep 2013 11:36
Stocks were trading broadly flat by Friday lunchtime as markets paused for breath in the aftermath of the Federal Reserve's surprise decision not to taper quantitative easing, though upside was limited ahead of the German elections this weekend. After a weak start, the FTSE 100 was more or less unc
Read moreBroker snap: Citi upgrades Sainsbury, expects 'big' Q2 improvement
20th Sep 2013 09:42
Citigroup has upgraded its rating for supermarket chain Sainsbury from 'sell' to 'neutral', saying it expects a 'big improvement' in sales trends in the second quarter. Ahead of a trading update on October 2nd, the US bank forecasts like-for-like sales growth of 2.8%, well ahead of the 0.8% increas
Read moreLondon open: Markets pull back as post-Fed rally fades
20th Sep 2013 08:17
Markets pulled back on Friday morning after a sharp rise the day before in the aftermath of the Federal Reserve's surprise decision not to taper quantitative easing. The FTSE 100 slipped slightly in early trade, falling 0.1% to 6,617, retreating after a 1% jump pushed it to 6,625.39 on Thursday. S
Read moreFriday broker round-up UPDATE
20th Sep 2013 08:06
African Minerals: Investec reduces target price from 393p to 246p, while its buy recommendation remains unchanged. Ashmore Group: Berenberg cuts target price from 500p to 470p and retains a buy recommendation. ASOS: Deutsche Bank raises target price from 4450p to 4800p and reiterates a hold recomm
Read moreThursday broker round-up UPDATE
19th Sep 2013 08:20
ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura
Read moreSector movers: Morrisons, Ocado give retailers a boost
12th Sep 2013 15:14
A well-received set of first-half results from Morrisons gave a boost to the food retail sector on Thursday, helped by an update from joint-venture partner Ocado. Morrisons reported a 21.8% drop in pre-tax profit for the six months to August 4th from £440m to £344m on sales that were broadly flat a
Read moreLondon open: Stocks flat as focus turns to Fed meeting
12th Sep 2013 08:19
UK markets paused at a one-month high on Thursday morning as easing fears over Syria gave investors the chance to focus on the upcoming policy meeting at the Federal Reserve. Traders were also showing caution ahead of speeches from Bank of England Governor Mark Carney as he testifies to the Treasur
Read moreThursday newspaper round-up: Royal Mail, Pensioners, Water bills
12th Sep 2013 07:16
The government will formally begin the sale of Royal Mail on Thursday by announcing its intention to float the 497-year-old postal service on the London Stock Exchange. It is the most ambitious privatisation since the sale of the railways in the 1990s and is forcefully opposed by the unions, who are
Read moreSainsbury Group Development Director adds 6,000 shares to stake
10th Sep 2013 16:27
Luke Jensen, the Group Development Director of Sainsbury, purchased 5,944 shares for him and his wife. The transaction was split into 2,971 shares for himself, bought at 3,974p a time, and 2,973 shares for his wife, bought at 3,972p. Jensen, who joined Sainsbury and the operating board in June 2
Read moreThursday newspaper round-up: Vodafone, Brazil, Serco...
29th Aug 2013 07:47
The Telegraph writes that Verizon has resumed discussions about buying Vodafone's stake in their US joint venture for over 100bn dollars. The paper cites City analysts as saying that the deal could create an 'unrivalled war chest' for the UK telecoms group for making acquisitions, wiping off debt an
Read moreSainsbury's achieves market share growth, reveals Kantar
28th Aug 2013 13:12
Sainsbury was the only one of Britain's top four supermarkets that achieved market share growth in the 12 weeks to August 18th, according to researcher Kantar Worldpanel. Total sales at Sainsbury grew 4.9% compared to a year ago, bringing the grocer's share of the £31.7bn market to 16.5%. "Sainsbu
Read moreWednesday newspaper round-up: Sainsbury's and Tesco in price war
7th Aug 2013 06:49
New data has revealed Sainsbury's is increasing the price of its food ahead of rival Tesco, adding a fresh twist to the price row between the two supermarkets, The Telegraph reported. Fitch Ratings has warned that the UK government's Help to Buy Scheme risks enriching builders and banks while jeop
Read moreWednesday newspaper round-up: Barclays, BNP-Paribas, JP Morgan
31st Jul 2013 06:42
The Bank of England has confessed to helping the Nazis sell gold plundered from Czechoslovakia months before the outbreak of the Second World War, The Telegraph revealed. Barclays plans to pay 511m pounds in new executive and staff bonuses along with raising 5.8bn pounds to address its capital sho
Read moreSainsbury's market share steady for first time since January
17th Jul 2013 10:33
J Sainsbury's share of the UK supermarket sector remained unchanged for the first time in six months as it was hit by competition, according to researcher Kantar Worldpanel. Market share of the third-largest food retailer held steady at 16.5% in the 12 weeks ended July 7th. It was the first time it
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