London pre-open: UK stocks to rise, Thomas Cook CEO departs
26th Nov 2014 07:34
Gains on Asian markets overnight are expected to feed into a higher open for stocks across Europe as investors await gross domestic product (GDP) figures in the UK. City sources predict the FTSE 100 will open around 10 points higher than yesterday's close of 6,731.14. UK GDP grew by 3% in the third
Read moreMonday broker round-up
10th Nov 2014 15:34
RBS: Nomura reiterates reduce but lifts target price to 370p from 360p. IAG: Liberum reiterates buy, maintaining 550p target. Royal Dutch Shell: JP Morgan reiterates overweight stance but cuts target to 2,500p from 2,700p. Aveva: Westhouse Securities reiterates add and its target price of 1,780p.
Read moreLondon open: Ebola fears hit UK stocks after NY doctor tests positive for virus
24th Oct 2014 08:35
UK stocks experienced some selling pressure on Friday morning after rising to their highest in two weeks, as renewed concerns about the spread of Ebola weighed on market sentiment. The FTSE 100 was down 0.6% at 6,380 in early deals, after having closed Thursday's session at 6,419.15, its highest fin
Read moreFTSE 250 movers: Retail stocks lead rise as footfall decline slows
21st Oct 2014 14:38
Retail stocks were putting in a strong performance on Tuesday after data from BRC-Springboard showed the decline in UK retail footfall eased to 0.9% in September from a 1.1% drop in August. Stocks such as Debenhams, Home Retail, Just Eat, WH Smith and Halfords were all in positive territory. "With a
Read moreAvation leases two new jets to Thomas Cook
20th Oct 2014 08:07
Commercial aircraft lessor Avation has agreed a deal to supply two aircraft to tour operator Thomas Cook. Avation has conditionally agreed to buy and lease back two new Airbus A321 aircraft to Cook's airline arm Thomas Cook Airlines. The two new jets are part of Cook's previously announced fleet
Read moreLondon open: UK stocks fall for fifth day, but miners advance
13th Oct 2014 08:32
There was no let-up in the selling pressure on Monday as the UK stock market resumed its sell-off despite a strong performance by the mining sector. After falling 2.7% last week, the FTSE 100 was down a further 0.4% at 6,314 in early trading, falling for the fifth session in a row. If the index ends
Read moreSector movers: Ebola fears hammer travel stocks, but grocers and miners rise
7th Oct 2014 14:19
Fears about the fallout from a potential Ebola outbreak hammered stocks in the travel and leisure sectors on Tuesday with UK-listed airlines and tour operators dropped sharply. In contrast, supermarket and mining stocks were bucking the trend with the two sectors, which have both bore the brunt of t
Read moreTuesday broker round-up UPDATE
23rd Sep 2014 09:36
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged. African Minerals: Credit Suisse reduces target price from 120p to 25p, while leaving its neutral rating unchanged. Aviva: Goldman Sachs ups target price from 490p to 515p and reiterates a neutr
Read moreMonday broker round-up UPDATE
22nd Sep 2014 11:28
Avation: WH Ireland shifts target price from 200p to 206p and maintains a buy recommendation BAE Systems: UBS raises target price from 460p to 505p and reiterates a buy recommendation. Centrica: Goldman Sachs ups target price from 385p to 396p leaving its buy recommendation unchanged. Chariot Oil
Read moreWednesday tips round-up: Asos, Thomas Cook
17th Sep 2014 09:04
Shares of Asos have been brought down to earth this year as reality set in. They have crashed from 70 pounds at their height to just 22.07 pounds yesterday, following another profit warning. The company is fundamentally sound, like its business model, but it operates in a highly competitive market.
Read moreFTSE 250 movers: Ophir climbs after unveiling new gas discovery
16th Sep 2014 15:41
Africa-focused Ophir Energy rose after it announced a new gas discovery in block R which it says increases the value of its 80%-owned offshore Equatorial Guinea project. The Silenus East-1 well found a 67m gross gas column in the primary target with a high-quality reservoir in line with pre-drill ex
Read moreLondon midday: UK stocks near one-month low as retailers drop
16th Sep 2014 11:49
UK stocks were trading at levels not seen in nearly a month on Tuesday as a sharp drop in German economic confidence and disappointing data from China dampened sentiment. A profit warning from online fashion retailer ASOS and a disappointing updates from Thomas Cook, N Brown and Crest Nicholson were
Read moreLondon pre-open: Stocks to rise ahead of CPI data
16th Sep 2014 07:39
London-listed stocks are expected to open broadly higher on Tuesday as investors gear up for the latest UK inflation reading, German investor confidence and, later in the week, the Scottish referendum and a meeting of the Federal Open Market Committee (FOMC). City sources predict the FTSE 100 will o
Read moreThomas Cook hit by German consumer downturn
16th Sep 2014 07:12
Despite continuing price softness in the holiday industry Thomas Cook said it expected its cost-cutting regime would enable full year results to show "material improvement over last year". A trading update released by the FTSE 250 company just ahead of its year end revealed a downturn in Germany tha
Read moreFTSE 250 movers: Bank of Georgia rises on medium-term outlook
5th Sep 2014 13:59
Bank of Georgia Holdings rose after it updated investors on its medium-term strategic goals, saying it would continue to focus on the Georgian market. It said that it expects that its strategy will continue to target over the medium term to deliver a return on average equity of 20%, customer lending
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