London midday: Markets fall as Sainsbury leads retailers lower
8th Jan 2014 11:30
- Updates from Sainsbury, Mothercare, Majestic fail to impress - Eurozone retail sales, German factory orders beat forecasts - US data, central banks in focus over coming days techMARK 2,783.91 -0.20% FTSE 100 6,725.52 -0.44% FTSE 250 16,043.77 -0.16% The FTSE 100 pulled back from a two-month high
Read moreWednesday newspaper round-up: AstraZeneca, SSE, IMF...
8th Jan 2014 07:19
AstraZeneca has struck a deal with a fast-growing UK biotech company to develop treatments that use the body's immune system to fight cancer. The partnership with privately owned Immunocore highlights intensifying interest from big pharmaceutical groups in what many experts consider the most promisi
Read moreLondon open: Markets flat on budget deal, taper speculation
11th Dec 2013 08:28
- US negotiators reach budget deal - Taper speculation ramps up ahead of Fed meeting - Imagination disappoints with poor H2 outlook - RBS Finance Director Bostock steps down techMARK 2,678.82 +0.23% FTSE 100 6,524.52 +0.02% FTSE 250 15,401.84 -0.06% Markets opened broadly flat on Wednesday in the
Read moreLondon close: Resource-heavy FTSE 100 falls as metals' prices slump
2nd Dec 2013 16:43
- Taper speculation picks up ahead of non-farm payrolls - Global manufacturing figures beat forecasts - Miners sold off as metal prices fall - Supermarkets hit by competition fears techMARK 2,653.70 -0.76% FTSE 100 6,595.33 -0.83% FTSE 250 15,334.75 -0.85% London's FTSE 100 finished with moderate
Read moreBroker tips: Tesco, Aberdeen, Debenhams, Utilities
2nd Dec 2013 12:05
Tesco's share price was firmly lower on Monday morning after analysts at HSBC downgraded their rating on the stock from 'neutral' to 'underweight'. "We believe a 5.2% UK operating margin is not sustainable, and that aiming for any margin is the wrong strategy. In our view, a margin fall in inevita
Read moreBroker snap: Deutsche Bank cautious about margins at Centrica and SSE
2nd Dec 2013 09:42
Deutsche Bank has taken Centrica off its 'buy' list and retained a 'hold' recommendation for SSE, despite that the government's efforts over the weekend to address energy affordability. After the Labour party continued to attack the energy retailers and promised a price freeze if it wins the next g
Read moreMonday broker round-up UPDATE
2nd Dec 2013 08:22
Aberdeen Asset Management: Credit Suisse raises target price from 465p to 515p and maintains a neutral rating. Admiral Group: Citi moves target price from 1215p to 1220p and retains a neutral rating. AVEVA Group: Numis upgrades to buy with a target price of 2980p. AZ Electronic Materials: Deutsch
Read moreSSE promises to reduce bills after government policy changes
2nd Dec 2013 08:13
- Government announces changes to ECO and WHD schemes - SSE pledges to pass on savings to customers Utilities group SSE has said that following proposals to reduce future costs associated with the government's Energy Company Obligation (ECO), it will pass on any resultant savings to customers befor
Read moreLondon open: Markets fall ahead of data-heavy week
2nd Dec 2013 08:12
- Markets drop ahead of key week for data - Chinese manufacturing beat forecasts in November - Utility companies pledge to pass on savings to customers techMARK 2,662.77 -0.42% FTSE 100 6,618.77 -0.48% FTSE 250 15,414.98 -0.33% UK stocks started December on a rather sour note, with markets sinking
Read moreFTSE 100 movers: Experian declines on Goldman Sachs's advice
29th Nov 2013 15:02
Shares of Experian fell to the bottom of the pile after Goldman Sachs recommended shifting the stock. The broker reduced its rating on the stock to "sell" from "neutral". Kingfisher also fell after the DIY retailer's third-quarter results coming in well below forecasts on Thursday. The B&Q and Scr
Read moreThursday newspaper round-up: SSE, Company flotations, Yellen
14th Nov 2013 07:22
Energy giant SSE has piled more pressure on UK ministers to rethink their policy on "green taxes" by vowing to scale back its planned price hike if the controversial levies were overhauled. The pledge came as the Perth-based group, which trades as Scottish Hydro north of the Border, said its retail
Read moreLondon midday: Stocks fall after BoE Inflation Report
13th Nov 2013 12:17
- BoE Inflation Report released - UK unemployment rate falls techMARK 2,627.78 -0.76% FTSE 100 6,651.35 -1.12% FTSE 250 15,219.66 -0.97% Stocks edged lower on Wednesday as investors digested the Bank of England's (BoE) quarterly Inflation Report and jobless data. In the Inflation Report today, t
Read moreLondon open: Stocks sink ahead of Inflation Report
13th Nov 2013 08:36
- Inflation Report in focus after CPI data yesterday - Markets give mixed reaction to corporate earnings - UK unemployment rate expected to hold steady techMARK 2,636.08 -0.44% FTSE 100 6,684.38 -0.63% FTSE 250 15,327.34 -0.27% Stocks sank sharply on Wednesday morning as investors scaled back thei
Read moreSSE's first half profits hurt by loss at retail arm
13th Nov 2013 07:32
- Pre-tax profit in first half falls 11.7 per cent - Retail arm makes operating loss - Dividend raised 3.2 per cent British electric utility group SSE posted a fall first half profits reflecting "difficult" energy market conditions. Adjusted pre-tax profit declined 11.7% to £354m in the six month
Read moreSunday newspaper round-up: Serco, Energy companies, Economic growth
10th Nov 2013 17:04
Serco will warn on November 14th that it will not meet forecasts for annual profits, the Sunday Times reported. The outsourcing company has been hit by Government allegations of fraud in contracts to tag prisoners. Investors had expected Serco to report annual profits of about £326m but analysts now
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