Sector movers: M&S and Tesco drag retailers lower
4th Apr 2014 14:24
Retail stocks were trading lower on Friday with heavyweights Marks & Spencer and Tesco providing a drag on the sector. M&S was off shopping lists today after Goldman Sachs retained its 'sell' recommendation for the British department store chain, saying that the business could feel the heat from th
Read moreLondon midday: Markets in positive mood ahead of US jobs data
4th Apr 2014 11:33
- Expectations high for US non-farm payrolls - 200k increase expected in March, jobless rate seen lower - easyJet traffic grows, RBS appoints new CFO - Retailers fall, including Tesco and M&S techMARK 2,774.68 +0.14% FTSE 100 6,678.29 +0.44% FTSE 250 16,414.01 +0.40% UK stock markets were putting
Read moreFTSE 250 movers: Miners provide a lift, retailers fall
7th Feb 2014 13:55
Mining stocks were among the best performers on the FTSE 250 on Friday as metal prices more or less rose across the board. Kenmare Resources, Vedanta Resources and EVRAZ were putting in decent gains. Copper prices, in particular, were up 0.5% at $3,245 a pound, heading for the biggest weekly gain (
Read moreBroker snap: Cannacord upbeat on outlook for Supergroup
6th Feb 2014 17:35
Cannacord retained its 'buy' rating for Supergroup after the fashion retailer assured in a third quarter update that it is on target to meet profit expectations for the full year. The broker said the update confirms that the full year 2014 consensus for the group "is firmly underpinned with good
Read moreLondon close: Markets bounce back on ECB promise
6th Feb 2014 16:50
- ECB ready and willing to act - Vodafone and SuperGroup lead gains - All eyes on Friday´s US jobs report techMARK 2,779.24 +1.25% FTSE 100 6,558.28 +1.55% FTSE 250 15,789.91 +1.47% After a cautious start, UK markets pushed firmly into positive territory on Thursday after European Central Bank (EC
Read moreFTSE 250 movers: Supergroup shares keep advancing
6th Feb 2014 15:42
The share price of Imagination Technologies rocketed higher on Thursday morning after US tech giant Apple extended a 'multi-year, multi-use licence agreement' with the chip designer. The contract gives Apple access to Imagination's range of current and future PowerVR graphics and video IP cores, the
Read moreThursday broker round-up UPDATE
6th Feb 2014 09:23
ARM Holdings: HSBC reduces target price from 1120p to 1080p and stays with its overweight rating. Avon Rubber: WH Ireland raises target price from 650p to 765p and stays with its buy recommendation. Balfour Beatty: Liberum Capital ups target price from 300p to 350p retaining its buy recommendation
Read moreSupergroup expects to be home and dry for full year
6th Feb 2014 09:16
Fashion retailer SuperGroup assured investors it is on track to hit full year profit expectations after a robust third quarter performance. In a trading statement covering the 13 weeks to January 26th the company, best known for its Superdry brand, said sales over the period jumped 22.1% to £141m,
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreFTSE 250 movers: F&C Asset Management jumps on offer news
27th Jan 2014 13:55
Shares in F&C Asset Management leapt this afternoon after the group confirmed reports it had received an indicative offer from Canadian bank BMO Financial Group of 120p a share in cash. F&C revealed it is 'likely to recommend a firm offer' at the price, which followed 'advanced discussions'. Elemen
Read moreThursday broker round-up UPDATE
23rd Jan 2014 09:12
Afren: Investec ups target price from 170p to 200p and maintains a buy recommendation. AG Barr: Investec raises target price from 585p to 620p retaining an add rating. Canaccord Genuity ups target price from 630p to 650p and keeps a buy recommendation. Arbuthnot: Numis downgrades from add to hold
Read moreLondon close: Stocks fall one per cent on earnings, taper fears
12th Dec 2013 16:39
- Perform plummets after profit warning - Sports Direct and Wood Group fall sharply after results - Taper bets increase ahead of Fed meeting, US data in focus - FTSE 100 at lowest level since mid-October techMARK 2,652.61 -0.83% FTSE 100 6,445.25 -0.96% FTSE 250 15,211.54 -1.20% The FTSE 100 finis
Read moreLondon midday: Sports Direct, Wood Group, SuperGroup drag markets lower
12th Dec 2013 11:21
- Sports Direct, Wood Group, SuperGroup fall after updates/results - Taper bets increase ahead of Fed meeting, US data in focus - FTSE 100 at lowest level since mid-October - Capital Economics sees 7,500 level for FTSE 100 in 2015 techMARK 2,650.21 -0.92% FTSE 100 6,442.07 -1.01% FTSE 250 15,247.68
Read moreBroker tips: Carnival, SuperGroup, Tissue Regenix
12th Dec 2013 11:18
Numis Securities has kept its 'hold' rating and 2,250p target price for cruise operator Carnival ahead of its annual results next week, saying it may be too early for the firm to increase guidance. "The fourth quarter for Carnival is relatively small and seasonally weak and we do not expect any sur
Read moreBroker snap: Brand momentum remains strong at SuperGroup, says Investec
12th Dec 2013 10:37
Despite the negative market reaction on Thursday, Investec has maintained its 'buy' recommendation and 1,500p target price for fashion retailer SuperGroup, saying that its first-half results show progress across the board. "First-half results are marginally ahead of expectations with strong momentu
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