Tesco expected to report first profit fall
16th Apr 2013 09:53
Tesco will report its first fall in underlying annual profits in two decades on Wednesday, according to analysts. The British retailer is expected to announce an underlying pre-tax profit of £3.5bn in the year to end of February 2013, a 10.7% decline from the £3.92bn reported the previous year, Vu
Read moreTuesday broker round-up UPDATE
16th Apr 2013 07:33
Aberdeen Asset Management: Citigroup ups target price from 430p to 455p retaining a neutral rating. Associated British Foods: Credit Suisse moves target price from 1650p to 1850p, but downgrades from outperform to neutral. AZ Electronic Materials: Espirito Santo initiates with a target price of 40
Read moreTuesday newspaper round-up: Boston, Barclays, Petrol prices...
16th Apr 2013 06:49
Three people are said to have been killed and over a hundred injured by two explosions near the finishing line of the Boston marathon yesterday. "The White House said the incident would be handled as an 'act of terror'. If confirmed as terrorism, it would be the most dramatic such incident on the ma
Read moreMonday newspaper round-up: Chinese GDP, Tesco, Betfair...
15th Apr 2013 07:01
Chinese economic growth slowed unexpectedly to 7.7 per cent in the first quarter, down from 7.9 per cent the previous quarter, writes The Telegraph. Analysts were expecting a figure closer to 8.0 per cent. "China's growth rebounded late last year from its deepest slump since the 2008 global crisis
Read moreFriday broker round-up UPDATE
12th Apr 2013 07:25
Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
Read moreMonday broker round-up UPDATE
8th Apr 2013 07:21
Aberdeen Asset Management: Jefferies takes target price from 400p to 420p maintaining a hold recommendation. Admiral Group: Credit Suisse increases target price from 1320p to 1351p keeping a neutral rating. Antofagasta: Investec moves target price from 958p to 934p keeping a sell recommendation.
Read moreBritish Land steps up London investment programme
4th Apr 2013 07:25
British Land has bought out joint-venture partner Tesco in the Surrey Quays Shopping Centre in an attempt to accelerate its investment programme in London and the South East. The property giant now owns the whole of the 300,000 square-foot retail asset in Canada Water after purchasing Tesco's 50% h
Read moreWednesday broker round-up UPDATE
3rd Apr 2013 08:41
Aggreko: Credit Suisse takes target price from 1850p to 2000p staying with its neutral rating. Andor Technology: Investec ups target price from 500p to 525p reiterating a buy recommendation. AngloAmerican: Credit Suisse cuts target price from 2100p to 1900p and reiterates a neutral rating. Antofa
Read moreWednesday broker round-up UPDATE
27th Mar 2013 08:52
Amara Mining: Westhouse Securities lowers target price from 124p to 110p, while reiterating a buy recommendation. Ashtead: Canaccord Genuity ups target price to 170p and keeps a buy recommendation. Bellway: Deutsche Bank revises target price from 1381p to 1395p and reiterates a hold recommendation
Read moreLondon close: Stocks gain on US data, but Cyprus still in focus
26th Mar 2013 16:42
Strong economic data from the States lifted stocks in afternoon trade on Tuesday, but UK markets remained rangebound with one eye kept firmly on Cyprus. US durable-goods orders grew at a 5.7% clip in February from a month earlier, well ahead of the 3.9% increase forecast by the consensus. Meanwhile
Read moreSunday share tips: Smiths, Tesco, Condor Gold
17th Mar 2013 19:57
After over five years since taking the helm at technology company Smiths Chief Executive Philip Bowman seems to be making headway in restructuring it, even if that is over twice the time he expected it to take. Thus, over the last three months the company´s share price has outperformed the wider sec
Read moreTesco buys family restaurant chain Giraffe
13th Mar 2013 12:01
British supermarket Tesco has acquired restaurant chain Giraffe in an effort to make use of excess space as shopping moves online. Tesco bought the company from venture capitalist Risk Capital Partners and UK buyout firm 3i for £48.6m. Russel and Juliette Joffe, who founded Giraffe in 1998, will
Read moreWednesday newspaper round-up: RBS, Tesco, hibu...
13th Mar 2013 06:47
The Independent says that Royal Bank of Scotland is to raise a further half a billion pound by offloading a further holding in its listed insurance division, Direct Line. The bank announced late last night that it would be selling a 15.3 per cent stake in the insurer, leaving it with a 49.9 per cent
Read moreMonday newspaper round-up: RBS, Tesco, Man U...
11th Mar 2013 06:47
The one billion pound sale of RBS's Williams & Glyn branches could gather speed on Monday as Andrew Higginson - the man leading a takeover attempt - holds meetings with a series of investors backing a bid for the 316 branches, says The Telegraph. The paper reports that the 17-member investor consort
Read moreBroker tips: Tesco, Admiral, Ladbrokes
6th Mar 2013 11:54
Shares in supermarket giant Tesco were making gains on Wednesday after Credit Suisse raised its recommendation for the stock from 'neutral' to 'outperform' and hiked its target price from 355p to 430p. In a research report, the broker said: "We think growth/capital discipline can co-exist and the s
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