Friday broker round-up
6th Jul 2012 09:35
Aviva: SocGen upgrades to hold from sell. Aberdeen: UBS cuts target from 310p to 300p, buy rating unchanged. Associated British Foods: Nomura raises target from 1,375p to 1,400p, buy recommendation unchanged. AstraZeneca: Jefferies downgrades from buy to hold, target left at 2,975p. AVEVA: Beren
Read moreLondon open: Whitbread, Home Retail provide a boost early on
19th Jun 2012 08:30
- Leaders to take 'all necessary policy measures' - Whitbread provides a lift on the Footsie after strong Q1 - Greece, Spain and FOMC in focus The FTSE 100 index advanced in early trading on Tuesday morning after euro members pledged to 'safeguard' the region. According to a leaked draft communiqu
Read moreClean Air Power's US ambitions take a knock
15th Jun 2012 08:11
Dual-fuel combustion technology developer Clean Air Power has alerted the market to recent management changes at its development partner, Navistar, which could have implications for the firms' collaboration agreement. "It was announced on 7th June 2012 that Navistar has instigated a major managemen
Read moreThursday tips round-up: Sainsbury, Severn Trent
14th Jun 2012 07:16
The market was spooked by yesterday's trading update from supermarket group Sainsbury, but Questor thinks the market is wrong. Performance at its convenience store operations was solid, although there is some slowing of the out-performance relative to its superstores. However, they remain a good dri
Read moreSainsbury CFO keeps the faith as shares slide
13th Jun 2012 15:41
Sainsbury's Chief Financial Officer John Rogers bought £50,000-worth of shares in the firm on the same day the company unveiled a disappointing period of trading. Like-for-like (LFL) sales in the 12 weeks to June 9th were up 1.4% on the corresponding period of last year, below market expectations
Read moreSainsbury a victim of high expectations
13th Jun 2012 15:29
Reaction to the first quarter trading update from Sainsbury was muted as the supermarket failed to live up to high expectations. Total sales for the 12 weeks to June 9th were up 3.6% on the corresponding period of last year, or up 3.8% excluding fuel, while like-for-like (LFL) sales were up 1.4%.
Read moreFTSE 100 movers: Sainsbury disappoints with trading update
13th Jun 2012 15:19
Supermarket group Sainsbury's keenly awaited trading update proved a bit anti-climactic with like-for-like (LFL) sales growth below expectations. LFL sales in the 12 weeks to June 9th were up 1.4% on the corresponding period of last year, below market expectations of growth of between 1.6% and 2.0%.
Read moreBroker tips: Sainsbury, Whitbread, Fenner
13th Jun 2012 14:48
Sainsbury is in the doldrums after its first quarter update disappointed slightly, but Panmure Gordon argues the supermarket giant put in a decent shift, considering the miserable weather in April. Like-for-like sales (excluding fuel) rose by 1.4% year-on-year, which was below the range of expectat
Read moreBroker snap: Sainsbury still doing better than Tesco
13th Jun 2012 13:48
Sainsbury is in the doldrums after its first quarter update disappointed slightly, but Panmure Gordon argues the supermarket giant put in a decent shift, considering the miserable weather in April. Like-for-like sales (excluding fuel) rose by 1.4% year-on-year, which was below the range of expectat
Read moreLondon open: London rises on Wall Street tailwinds
13th Jun 2012 08:40
Taking their lead from US and Asian markets, London's leading stocks have opened on the front foot. Wall Street rebounded strongly yesterday on hopes that the US Federal reserve might do a bit more to stimulate the US economy. Federal Reserve Bank of Chicago President Charles Evans, speaking in an
Read moreLondon pre-open: Shares to track US and Asia bourses higher
13th Jun 2012 07:31
City sources predict the FTSE 100 will open up 16 points from yesterday's close of 5,474, tracking US and Asian stocks higher as stocks recover from the news that Spanish bond yields reached their highest level since the creation of the euro currency. The keenly awaited trading update for superma
Read moreTop line growth fails to wow at Sainsbury
13th Jun 2012 07:03
The keenly awaited trading update for supermarket group Sainsbury proved a bit anti-climactic with like-for-like (LFL) sales growth below expectations. LFL sales in the 12 weeks to June 9th were up 1.4% on the corresponding period of last year, below market expectations of growth of between 1.6% an
Read moreWednesday preview: Sainsbury set to embarrass Tesco
12th Jun 2012 18:42
Sainsbury, once king of the hill in the UK grocery market, is set to embarrass the current market leader, Tesco, when it issues a trading update on Wednesday. While earlier this week Tesco tried to put a brave face on a 1.5% decline in like-for-like sales (excluding VAT and petrol) in the UK, Sains
Read moreLondon close: Stocks rally on US stimulus speculation
12th Jun 2012 16:53
- Stimulus speculation from the Fed fuels stocks late on - Investors continue to mull Spanish aid plea - Bond yields surge in Spain and Italy The markets shrugged off surging bond yields in the Eurozone periphery on Tuesday to rally in afternoon trade as hopes of new stimulus measures in the US lif
Read moreLondon midday: Stocks edge higher despite Eurozone uncertainty
12th Jun 2012 11:35
- Stocks edge higher, but still cautious - Italy now in the spotlight - Chinese bank lending improves After a subdued start, London's FTSE 100 index had edged higher by Tuesday lunchtime, but gains were only slight as the Eurozone uncertainty continues to cloud the outlook for the global economy.
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