London midday: Fed's low-rate promise gives UK stocks a boost
19th Jun 2014 11:37
- Interest rates to stay low for long time, says Yellen - Fed tapers QE by a further $10bn - UK retail sales fall 0.5% in May - Rolls-Royce unveils £1bn buyback techMARK 2,826.40 +0.77% FTSE 100 6,832.94 +0.80% FTSE 250 15,794.83 +1.09% Strong gains from Rolls-Royce, SuperGroup and housing stocks
Read moreSuperGroup brand "still in fashion" despite sell-off, says Canaccord
19th Jun 2014 11:16
Canaccord Genuity still recommends investors to 'buy' shares of SuperGroup despite the recent sell-off, with the broker saying that the "brand [is] still in fashion, even if shares aren't". The shares have fallen by over a third since the company's fourth-quarter trading update on May 8th and Canac
Read moreBroker tips: BT, Wm Morrison, Berkeley...
18th Jun 2014 12:41
BT and Virgin Media owner Liberty Global offer investors the best way to cash in on fixed-line telecom companies' assault on the mobile market, according to broker Goldman Sachs. Goldman said fixed-line players such as BT, which plans to launch business and household mobile products later this year
Read moreInvestec says SuperGroup de-rating is overdone
18th Jun 2014 10:11
Broker Investec believes the de-rating on street fashion chain SuperGroup is "overdone" as the long-term growth story remains intact. Shares in the company, which is behind the SuperDry fashion label, are down 39% from 1411p when it emitted a weak sales update in early May, dragging its full year
Read moreLondon midday: Investors show caution ahead of ECB, ASOS leads retailers lower
5th Jun 2014 11:25
- Markets await ECB decision, Draghi with caution - BoE keeps policy unchanged - ASOS shares plummet after profit warning, retailers fall - Smith & Nephew jumps on continued M&A speculation techMARK 2,820.75 -0.07% FTSE 100 6,796.31 -0.33% FTSE 250 15,939.53 -0.29% UK stocks were in the red on Thu
Read moreLondon open: ASOS plummets as UK stocks fall ahead of ECB
5th Jun 2014 08:26
techMARK 2,825.83 +0.11% FTSE 100 6,802.80 -0.23% FTSE 250 15,937.44 -0.31% A surprise profit warning from fast-growing fashion retailer ASOS and a cautious outlook from speciality chemicals firm Johnson Matthey sent UK stock markets lower on Thursday, as investors nerves were tested ahead of the p
Read moreFTSE 250 movers: Rate cut sends SuperGroup sliding
19th May 2014 14:44
A recommendation cut from Oriel Securities knocked more than 5% off of SuperGroup's share price. The broker changed its recommendation to 'reduce' from 'hold', saying "we are starting to ask ourselves whether there is something more fundamental afoot" with the decline in its like-for-like sales, whi
Read moreThursday broker round-up UPDATE
15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
Read moreLondon close: Barclays and ECB´s Draghi push Footsie higher
8th May 2014 16:59
- FTSE closes up 42.81 points to 6,839.25 - ECB signals possible rate action in June - MPC maintains bank rate - Barclays unveils further job cuts techMARK 2,807.39 +0.59% FTSE 100 6,839.25 +0.63% FTSE 250 15,968.51 +0.55% The City ended today's session on a positive note, buoyed by speeches from
Read moreFTSE 250 movers: SuperGroup slides on slowdown in Q4 growth
8th May 2014 16:01
Fashion retailer SuperGroup saw its shares plummet today after reporting a steep slowdown in sales growth in the fourth quarter and saying full-year profits would be at the lower end of expectations. The company, famous for the Superdry brand, said group revenues increased by just 12.4% in the thre
Read moreLondon midday: Upbeat earnings provide a lift as BoE holds rates
8th May 2014 11:35
- Barclays, Standard Chartered, BT and Morrison rise after results - BoE holds policy, ECB in focus - Yellen signals need for continued support - Ukraine tensions ease slightly after Putin comments techMARK 2,796.26 +0.19% FTSE 100 6,836.23 +0.59% FTSE 250 15,916.36 +0.22% Decent gains from Barcla
Read moreThursday broker round-up UPDATE
8th May 2014 08:40
Anglo American: Deutsche Bank ups target price from 1510p to 1550p and retains a hold recommendation. Balfour Beatty: Berenberg reduces target price from 350p to 290p and keeps a buy recommendation. BBA Aviation: JP Morgan cuts target price from 386p to 369p retaining an overweight rating. Bodyco
Read moreLondon open: Barclays leads FTSE 100 higher ahead of central bank decisions
8th May 2014 08:32
- Barclays gains on job-cut announcement - Busy day for corporate earnings/updates - Yellen, Putin comments in focus - Focus turns to BoE and ECB ahead of policy decisions techMARK 2,799.70 +0.31% FTSE 100 6,827.33 +0.45% FTSE 250 15,963.95 +0.52% UK stocks rose on Thursday morning amid a flurry o
Read moreSuperGroup profits at low end of forecasts as LFL growth turns negative
8th May 2014 08:24
- PBT to come in at low end of forecasts - Sales growth slows to just 12.4 per cent in Q4 - LFL sales growth turns negative Fashion retailer SuperGroup saw shares plummet on Thursday after reporting a steep slowdown in sales growth in the fourth quarter and saying that full-year profits would be at
Read moreFTSE 250 movers: Evraz lifted by sale completion, rising metal prices
4th Apr 2014 15:26
Evraz was a strong riser after announcing that it has finalised the sale of its wholly-owned subsidiary Evraz Vitkovice Steel (EVS) to a group of investors for a gross consideration of 89m dollars. Rising metal prices also provided a lift. Man Group was given a leg up by JP Morgan after it moved i
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