FTSE 100 movers: BAE Systems, ITV, Sainsbury, Polymetal
19th Jun 2013 14:26
BAE Systems climbed the FTSE 100 ladder following reports that long-awaited orders from Gulf states for Eurofighter Typhoon jets may arrive this year. ITV advanced after the TV broadcaster announced it was acquiring a controlling stake in Thinkfactory Media, a US producer of reality, entertainment
Read moreLondon midday: Markets cautious as eyes remain fixed on Fed
19th Jun 2013 12:01
A decline in risk appetite meant that UK markets were in the red on Wednesday morning ahead of the all-important policy decision from the Federal Reserve due out later this evening. "Attention is firmly on the Fed's monetary policy decision and press conference later, with investors clearly concern
Read moreSunday share tips: J.Sainsbury, Avation, Crest Nicholson
16th Jun 2013 13:31
J Sainsbury seems to have stolen a march on rivals in the first quarter. Yes, like-for-like sales slowed, but the company maintained guidance for growth of 1 per cent to 1.5 per cent over the course of the year. Particularly noteworthy, customers seem to have taken the firm up on its challenge to "t
Read moreLondon close: Greece rumours spark late sell-off
12th Jun 2013 17:02
Equities dropped into the red for a third consecutive day on Wednesday with renewed political tension in Greece sparked another bout of market volatility. The FTSE 100 finished down 41 points at 6,299, the first time that it has closed below the 6,300 mark since April 22nd. London's benchmark inde
Read moreFTSE 100 movers: Severn Trent and Vodafone drop sharply
12th Jun 2013 15:05
Water group Severn Trent dropped sharply on Wednesday after the consortium of foreign investors that had bid for the company withdrew its offer last night. LongRiver, after having had its earlier proposals rejected by Severn Trent, said that it would not put forward a further offer "in the absence o
Read moreLondon midday: Stocks higher as UK unemployment falls, M&A activity in focus
12th Jun 2013 12:04
M&A activity was the theme of the day in London on Wednesday as heavyweight stocks British Sky Broadcasting, Severn Trent and Vodafone grabbed the headlines. Nevertheless, after a choppy start, the FTSE 100 managed to register moderate gains by lunchtime. Helping sentiment this morning was UK unemp
Read moreBroker tips: Lloyds/RBS, BT, Sainsbury
12th Jun 2013 11:39
Barclays Capital (BarCap) has raised both its ratings for part-nationalised lenders Lloyds Banking Group and Royal Bank of Scotland (RBS) as the government begins to come up with a plan to re-privatise the banks following their bailout in 2008. BarCap has upgraded Lloyds from 'underweight' to 'equa
Read moreBroker snap: Jefferies warns of strong comps for Sainsbury this summer
12th Jun 2013 10:07
Jefferies has retained its 'hold' rating for Sainsbury saying that strong prior-year comparatives for the supermarket group may present problems in the coming months. The first-quarter trading statement from Sainsbury on Wednesday showed like-for-like (LFL) sales growth of 0.8% (excluding fuel). Th
Read moreLondon open: Stocks flat on fragile market sentiment
12th Jun 2013 09:01
The FTSE 100 was swinging between gains and losses in early trading on Wednesday as traders remained nervous amid the ongoing market volatility that has been seen over the last few weeks. "Persisting fears about impending Federal Reserve tapering of asset purchases together with the Bank of Japan's
Read moreLondon pre-open: More losses expected after markets open
12th Jun 2013 07:42
Markets are expected to pick up where they left off on Wednesday morning, extending losses after a heavy sell-off the day before. City sources predict the FTSE 100 will open down 35 points from yesterday's close of 6,340. The index fell 1.0% on Tuesday due to a combination of rising government b
Read moreSainsbury outperforms rival supermarkets in first quarter - UPDATE
12th Jun 2013 07:00
As expected, supermarket giant Sainsbury has delivered its 34th straight quarter of like-for-like (LFL) sales growth, as its continued growth in market share helped it to outperform its competitors in the first three months of the year. Total sales in the firm's first quarter ended June 8th rose 3.
Read moreWednesday preview: Sainsbury expected to outperform Tesco in first quarter
11th Jun 2013 15:37
All eyes will be on Sainsbury on Wednesday as the supermarket giant updates the market on first-quarter trading. While rival chain Tesco unveiled a 1.0% fall in UK like-for-like (LFL) sales in its first-quarter statement last week, smaller retailer Sainsbury is expected to report its 34th straight
Read moreBroker tips: Aberdeen, Sainsbury, Fuller Smith & Turner
7th Jun 2013 12:42
Bank of America Merrill Lynch (BofA) has cut its rating for Aberdeen Asset Management from 'neutral' to 'underperform' following a strong performance so far this year, saying that the stock's premium valuation is unjustified. "We downgrade Aberdeen to 'underperform', as organic inflows could slow s
Read moreLondon midday: Markets lower ahead of non-farm payrolls
7th Jun 2013 11:45
Markets were trading in a cautious fashion on Friday morning ahead of the eagerly-anticipated employment report from the States due out this afternoon. The FTSE 100 finished 1.3% lower on Thursday at 6,336, its lowest level since April 22nd, as the recent pattern of market volatility continued in a
Read moreBroker snap: Investec upbeat on Sainsbury, but not the wider sector
7th Jun 2013 11:33
Investec expects a strong first-quarter update from supermarket group Sainsbury next week, but has retained its 'hold' rating for the stock amid concerns about the wider sector. Following a decent fourth-quarter performance - with total sales up 6.3% excluding petrol and like-for-like (LFL) sales u
Read more