Broker tips: Next, Burberry, Bunzl, Tullow, Vesuvius
15th Apr 2015 11:24
UK high street retailer Next raced up the FTSE 100 index on Wednesday after JPMorgan lifted its rating on the company to 'overweight' from 'neutral'. While JPMorgan favours Marks & Spencer stock on three-to-six month view for its ongoing turnaround potential, the US investment bank sees scope for Ne
Read moreTullow Oil shares rally after Goldman Sachs boosts stock to 'buy'
15th Apr 2015 08:06
Shares in oil and gas exploration company Tullow Oil rose 2.3% early Wednesday after the stock had its rating promoted to 'buy' from 'neutral' by US investment banking titan Goldman Sachs who called it a "source of opportunity." "We believe the stock offers exposure to a strategic asset base, given
Read moreLondon close: Stocks inch higher as miners gain, but upside limited
14th Apr 2015 16:29
Gains from mining stocks kept the FTSE 100 afloat on Tuesday, though investors were showing caution with markets near record highs amid uncertainty in Greece and macro concerns. After swinging between positive and negative territory throughout the day, the Footsie finished the session just 10.96 poi
Read moreFTSE 250 movers: Tullow Oil surges on upgrade, Poundland higher on strong annual sales
14th Apr 2015 14:05
Tullow Oil's topped the risers after Citigroup raised its rating on the stock from 'neutral' to 'buy', saying that the oil group's portfolio quality was "undervalued" by the market. Poundland was making gains after a trading update showed the discount retailer had topped a billion pounds of annual s
Read moreBroker tips HSBC, Shell, BP, Morrisons, Tullow, Aberdeen
14th Apr 2015 11:34
Investec has recommended investors to 'sell' shares of global banking giant HSBC, downgrading the stock from 'hold' after a "very disappointing" set of annual results last month. In spite of the weak results, which were some 33% below consensus, HSBC's UK shares have rebounded 10% over the past mont
Read moreTullow Oil shares boosted by Citigroup upgrade to 'buy'
14th Apr 2015 09:03
Tullow Oil's share price surged on Tuesday after Citigroup raised its rating on the stock from 'neutral' to 'buy', saying that the oil group's portfolio quality is "undervalued" by the market. The bank highlighted the "quality and defensiveness" of Tullow's portfolio, and said concerns about its bal
Read moreLondon open: Stocks inch higher ahead of data, but Greek worries persist
14th Apr 2015 08:19
After an initial drop, London's Footsie bounced into positive territory on Tuesday morning, though gains were only modest as investors awaited key economic data and reacted to uncertainty in Greece. Reports that Athens is preparing for a debt default if it can't reach a deal with its creditors were
Read moreFTSE 250 movers: Oil stocks rise on M&A hopes, Go-Ahead upgraded
8th Apr 2015 15:34
A host of stocks in the oil sector were performing well on Wednesday after a £47bn takeover of BG Group by Shell sparked hopes it will trigger a new wave of industry consolidation. Larger players have held up well amid the oil crisis compared with their smaller peers and could now look to snap up st
Read moreSector Movers: M&A chatter perks up oil and gas, tech stocks
8th Apr 2015 13:21
M&A chatter dominated trading in London, with oil and gas shares rising on the back of blue chip Royal Dutch Shell's successful bid for smaller FTSE 100 rival BG Group. At 15:40 BST on Wednesday, the FTSE 100 was marginally down 7.35 points or 0.11% at 6954.42 as the market soaked in news of BG Grou
Read moreLondon midday: Stocks rise as BG Group takeover sparks M&A hopes
8th Apr 2015 11:54
London's FTSE 100 was fluctuating around the 7,000 level by Wednesday lunchtime as M&A activity gave sentiment a lift, with BG Group soaring as much as 40% after a takeover offer from Shell. Stocks across the oil and gas sector were rising strongly on speculation that Shell's move may spark a fresh
Read moreShell-BG Group takeover expected to spark M&A fever in oil sector
8th Apr 2015 09:37
Shell's £47bn takeover offer for BG Group not only sent shares in the natural gas outfit soaring on Wednesday, but gave other stocks in the sector a big boost. The deal sparked speculation that it may mark the start of a new round of industry consolidation, not seen since the late 1990s, as business
Read moreFTSE 250 movers: Oil stocks higher as Saudi Arabia boosts prices
7th Apr 2015 16:53
Oil stocks were in demand on Tuesday as traders played catch-up with gains in crude futures over the last few days. During the weekend Saudi Arabia increased its official price for Asian oil buyers, which markets interpreted as a sign of improving demand. The battered shares prices of energy and exp
Read moreSector Movers: Mining, oil stocks recover from pre-Easter slump
7th Apr 2015 12:51
Natural resources shares led the London market with mining companies reversing pre-Easter declines in the first day of trading after the festive period. At 15:55 BST on Tuesday, the FTSE 100 was trading up 1.93% or 131.79 points at 6965.25. Mining companies lifted the market, being among the best pe
Read moreTuesday broker round-up
7th Apr 2015 11:59
Antofagasta: Jefferies reiterates buy. GlaxoSmithKline: Credit Suisse reiterates underperform and 1440p target. Micro Focus Intl.: Numis reiterates add and ups target price to 1,310p from 1,240p. Rockhopper Exploration: Canaccord Genuity starts coverage at buy and raises target to 190p from 180p.
Read moreLondon open: UK stocks surge on Fed rate-hike delay speculation
7th Apr 2015 08:42
UK stock markets were doing their best to play catch-up on Tuesday morning as investor risk appetite returned after the four-day weekend. London's FTSE 100 was up 1.15% at 6,911.92 in early trading. The Easter weekend has worked wonders for the markets, with the European indices looking reinvigorat
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