Friday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreLondon close: Stocks tank after Fed wavers on QE
21st Feb 2013 16:40
Hawkish comments from the Federal Reserve weighed heavily on markets on Thursday with cyclical stocks bearing the brunt of the sell-off as traders looked to book some profits after a strong run in recent months. The FTSE 100 was boosted on Wednesday to highs not seen since January 2008 after minute
Read moreFTSE 100 movers: BAE Systems rises on share buyback
21st Feb 2013 15:37
UK defence giant BAE Systems may have posted a fall in sales and earnings in 2012, but shares gained strongly after the company initiated a share buy-back worth 1.0bn pounds over the next three years. British supermarket Sainsbury has said no horsemeat was found in its beef products following 250
Read moreSainsbury products free from horsemeat, says supermarket
21st Feb 2013 13:35
British supermarket J Sainsbury said Thursday no horsemeat was found in its beef products following 250 tests in line with the Food Standards Agency (FSA). The company's announcement came after a number of UK grocers were forced to recall beef-based meals containing horse DNA. Tesco, Asda, Lidl,
Read moreWednesday newspaper round-up: BHP, Sainsbury, Japanese deficit...
20th Feb 2013 06:52
BHP Billiton has named its new chief executive on the same day that it revealed its worst half-year figures for more than a decade. The Australian global mining company has appointed Andrew Mackenzie, the head of its base metals division, to replace Marius Kloppers, who will step down in May. The an
Read moreFTSE 100 movers: InterContinental Hotels dives on falling RevPAR
19th Feb 2013 15:28
Holiday Inn owner InterContinental Hotels became the worst performer on the FTSE after saying that revenue per available room (RevPAR) had fallen 5.2 per cent in 2012. Nevertheless, strong growth in the US and cost cuts helped to produce a 10 per cent increase in operating profits. Vodafone Group
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreLondon close: Subdued finish to a quiet day
11th Feb 2013 16:34
The FTSE 100 was swinging between gains and losses for most of Monday's session with markets across Europe lacking direction on a quiet day. "Global markets are trading lower today which may be related to the significant strength within the markets within 2013," said market analyst Craig Erlam from
Read moreSector movers: Retailers gain as Tesco boosted by upgrade
11th Feb 2013 15:59
Food retailers were on shopping lists on Monday afternoon, with supermarket giant Tesco making gains after an upgrade by Exane BNP Paribas. The French broker raised its rating for the stock from 'underperform' to 'neutral' and lifted its target price from 320p to 375p, saying that company is "begin
Read moreFriday newspaper round-up: Barclays, EU budget, Chinese trade...
8th Feb 2013 07:02
More than 1,000 investment bankers at Barclays have been told they will not receive up-front cash bonuses this year. Managing directors in the group's investment banking arm were informed that their 2012 bonuses would be deferred for at least a year. The move is part of Antony Jenkins' attempts to r
Read moreFriday broker round-up UPDATE
1st Feb 2013 07:55
Afren: HSBC shifts target price from 190p to 200p, while reiterating an overweight rating. Antofagasta: Exane BNP reduces target price from 1500p to 1350p maintaining an outperform rating. Antrim Energy: Westhouse Securities lowers target price from 70p to 65p and reiterates a buy recommendation.
Read morePetrol pump competition is fair, OFT decides
30th Jan 2013 14:35
Competition at petrol stations is fair, the Office of Fair Trading (OFT) announced Wednesday. In an call for information launched in September last year, the OFT determined that competition at the pump is "working well", and blamed the increases in petrol and diesel over the past 10 years on rising
Read moreBroker snap: Credit Suisse trims position in UK equities
22nd Jan 2013 10:02
While Credit Suisse has retained an 'overweight' position in UK equities, the broker has trimmed its position to pay for its recent upgrade to Japan and picked out 'what to buy' in its London-listed coverage. The broker said on Tuesday that the UK has "slipped on our composite regional scorecard".
Read moreFTSE 100 movers: EVRAZ makes strong gains
18th Jan 2013 15:52
EVRAZ was making gains even though it said that steel production fell six per cent from the third quarter to the fourth, as a result of scheduled maintenance at its ZSMK steel mill in the Siberia region. The stock was being given a lift this morning by comments from Credit Suisse about the steel s
Read moreSainsbury and Tesco confirmed as top food retailers going into 2013
15th Jan 2013 14:18
Sainsbury has been confirmed as the joint top performing food retailer going into 2013, alongside Tesco, following a report by market researcher Kantar Worldpanel. According to data published Tuesday, both companies delivered a 3.9% cash sales growth rate in the six weeks to January 6th, with mark
Read more