Wednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreLondon open: Sainsbury warns celebrations will not carry into 2013
9th Jan 2013 08:10
The UK's main equity benchmark, the FTSE 100, has started the Wednesday session slightly higher, up by 18 points to 6,071, to just below technical resistance at the 6,100 point mark, despite the release of mixed results overnight from US aluminium giant Alcoa and what appears to be a rather mixed ne
Read moreLondon pre-open: FTSE to open higher as Sainsbury posts record sales
9th Jan 2013 07:28
City sources predict the FTSE 100 will open up 16 points from yesterday's close of 6,054, with investors focusing on an upbeat trading update from supermarket giant Sainsbury. The chain enjoyed record-breaking Christmas trading as it increased its market share in the last three months of 2012. But
Read moreSainsbury hails record Christmas
9th Jan 2013 07:06
Sainsbury enjoyed record-breaking Christmas trading as it increased its market share in the last three months of 2012. But the firm warned the celebrations would probably not last into the new year. "We expect the challenging economic backdrop to persist, with customers looking to re-balance their
Read moreWednesday preview: Sainsbury unveils third-quarter results
8th Jan 2013 15:24
Sainsbury is in the spotlight as Britain's third largest supermarket chain posts its third-quarter trading results on Wednesday. The statement comes one day after the company showed the highest sales growth of the so-called 'Big Four' grocers in the lead up to Christmas, according to data from Kan
Read moreLondon open: Footsie pulls back despite strong showing by banks
7th Jan 2013 08:15
After hitting a near two-year high the previous trading session, profit-taking meant that the FTSE 100 opened slightly lower on Monday morning. This was despite relative strength in the banking sector on the back of some better-than-expected news on regulation. The FTSE 100 finished Friday at 6,090
Read moreLondon pre-open: Little change expected on FTSE
7th Jan 2013 07:26
City sources predict the FTSE 100 will open down one point from Friday's close of 6,090, ahead of this week's collection of retail results. Sainsbury, Tesco, and Marks & Spencer are all set to deliver their results this week, although brokers have warned it has been a tough Christmas and overall f
Read moreMonday newspaper round-up: Basel requirements, Rolls-Royce, Anglo American...
7th Jan 2013 07:02
The heads of the world's top regulators and central banks yesterday approved plans to require banks to hold significantly higher levels of liquid assets in order to reduce the chances of a repeat of the 2008-09 financial crisis. But in an apparent response to financial sector lobbying, they also rel
Read moreWeek ahead: Sainsbury, Tesco
4th Jan 2013 08:52
Barring surprises markets´ focus next week is expected to veer towards central banks and the outlook for monetary policy in Europe. Neither the Bank of England (BoE) nor the European Central Bank (ECB) are expected to make a move this week. Until the budget negotiations Stateside are decisively conc
Read moreLondon close: FTSE 100 cracks 6,000 after US budget deal
2nd Jan 2013 16:30
- Footsie surges 2.2 per cent - Global stock markets rally, helped by manufacturing figures - Miners benefit from increased risk appetite The FTSE 100 surged past the psychologically-important level of 6,000 on Wednesday as stock markets across the globe celebrated the last-minute deal by US politi
Read moreFTSE 100 movers: Miners lead the way higher
2nd Jan 2013 15:12
With investors feeling like taking a few more risks following the events in the US, miners were taking up nine of the top 10 spots on FTSE 100. Burberry was also making decent gains, which may be linked to comments by the luxury retailer's Chief Executive, Angela Ahrendts, who said the company is
Read moreLondon midday: Markets welcome fiscal cliff deal with two per cent surge
2nd Jan 2013 11:40
- US leaders pass budget deal to avert fiscal cliff - Mining and banking stocks celebrate with decent performance - UK manufacturing ends 2012 on a high Mining stocks were registering impressive gains on Wednesday in the aftermath of the US fiscal cliff agreement, which could have plunged the world
Read moreJ Sainsbury announces new non-executive director
17th Dec 2012 09:34
J Sainsbury announced Monday the appointment of non-executive director Jean Tomlin. The FTSE 100 parent company of Sainsbury's Supermarkets, the third largest chain of supermarkets in the UK, said Tomlin would join the board from January 1st, 2013. She will take the place of Anna Ford, who retires
Read moreFriday broker round-up UPDATE
14th Dec 2012 08:09
Anglo American: UBS reduces target price from 2150p to 1860p and downgrades to neutral. JP Morgan reiterates underweight. BG Group: Barclays reduces target price from 1490p to 1450p, while reiterating an overweight rating. BP: Barclays cuts target price from 500p to 480p and keeps an underweight r
Read moreSector movers: Tesco boosts retail sector ahead of Q3 update
4th Dec 2012 14:42
Tesco was on investors' shopping lists this afternoon ahead of its trading update tomorrow, lifting the food and drug retail sector higher. The supermarket titan is to update the market on third-quarter trading on Wednesday morning. Shares were making gains after Jefferies said that the grocer is "
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