London close: Stocks dampened by global growth concerns
8th Oct 2012 16:32
- Miners fall on global growth concerns - Supermarkets perform well after broker comments - World Bank cuts Chinese growth forecasts Cyclical stocks suffered falls on Monday as growing uncertainty about the Eurozone and concerns over global growth dampened the mood. "Stocks traded lower today as i
Read moreSector movers: Tesco, Sainsbury and Morrisons lift retailers higher
8th Oct 2012 15:33
Food and drug retailers were at the top of the pile today with supermarket giants Tesco, Sainsbury and Morrisons providing a boost to the sector. Panmure Gordon said this morning that it expects "significant, unstoppable strategic changes to unfold over the next six to 12 months in the food retail
Read moreFTSE 100 movers: Supermarkets perform well
8th Oct 2012 15:32
Supermarket chains Morrisons and Tesco were both high risers on Monday. It announced in the morning that it has appointed a managing director of its convenience arm - an area where the company has been notably lacking compared to its rivals - saying it is "ready to expand at pace" its M Local busine
Read moreTesco Thai fund expansion approved
8th Oct 2012 10:30
The unit holders of the Tesco Lotus Retail Growth Freehold and Leasehold Property Fund (TLGF) have approved the proposed injection of five additional Tesco Lotus-anchored shopping malls into the Thailand-listed property fund. The expansion was proposed on September 3rd and was given the green light
Read moreMonday broker round-up - UPDATE
8th Oct 2012 08:03
AMEC: Investec keeps buy rating and 1,300p target. Aquarius Platinum: Panmure Gordon keeps buy rating and 163p target. BAE Systems: Societe Generale upgrades to hold, target lifted from 300p to 350p. British American Tobacco: Nomua raises target from 3,500p to 3,506p, buy rating kept. BSkyB: Nom
Read moreLondon close: Miners surge after US jobs figures beat forecasts
5th Oct 2012 16:44
- US data spreads some cheer - Mining stocks gain though Anglo bucks the trend - Tesco continues to fall after interim results The FTSE 100 index finished the day with decent gains on Friday as some better-than-expected employment figures from the US lifted sentiment late on. "A firmer but fairly
Read moreFTSE 100 movers: Miners rise following positive US jobs report
5th Oct 2012 15:24
Blue-chip mining stocks were registering impressive gains following decent figures in the US jobs report, which has eased concerns about the global economy and worries about the demand for commodities. ENRC, Kazakhmys, Evraz, and Vedanta, were among the risers. Luxury brand Burberry rose after Mor
Read moreLondon midday: Stocks continue to gain ahead of US payrolls
5th Oct 2012 11:52
- Markets await non-farm payrolls from the US - Miners lead risers in London - Tesco continues its decline The FTSE 100 was trading at its best levels of the day by Friday lunchtime ahead of a key jobs report from the US, with miners dominating the risers list in London. "European financial market
Read moreBroker tips: Tesco, IMI, WS Atkins
5th Oct 2012 10:49
The strategic problems at Tesco are getting worse, according to Investec, which still recommends to sell shares in the supermarket giant. Investec said that Tesco's strategy needs a "major overhaul". The broker has kept its 295p target price on the shares, saying that the risk remains on the downsi
Read moreBroker snap: Tesco needs a 'major overhaul', says Investec
5th Oct 2012 10:03
The strategic problems at Tesco are getting worse, according to Investec, which still recommends to sell shares in the supermarket giant. Tesco disappointed with its interim results on Wednesday, missing trading profit forecasts by 3%, leading to further downgrades to forecasts, Investec said. Th
Read moreLondon open: Footsie bolstered by miners ahead of US data
5th Oct 2012 08:48
- Burberry, Wood Group and miners lift FTSE 100 early on - Markets await US payrolls data - IMF to cut global GDP forecast Stocks edged higher on Friday morning ahead of some closely-watched jobs data from the US later today; Burberry, Wood Group and the miners were among the highest risers on the
Read moreFriday broker round-up
5th Oct 2012 08:19
Anglo American: AlphaValue upgrades from add to buy. Betfair: Panmure Gordon cuts target from 1,000p to 977p, buy rating kept. BHP Billiton: AlphaValue downgrades from add to reduce. Burberry: Morgan Stanley upgrades to overweight, target kept at 1,190p; UBS keeps neutral rating and 1,170p target
Read moreFriday newspaper round-up: BAE, Gold, Corporate bonds
5th Oct 2012 06:15
Alistair Darling has made a forceful intervention in the plans by EADS to combine with BAE Systems, saying British interests were bound to suffer because the UK government would have no equity stake in the enlarged group. The former chancellor of the exchequer told the Financial Times he saw the lo
Read moreLondon close: Stocks end flat after BoE and ECB decisions
4th Oct 2012 17:02
- BoE and ECB hold rates - US data beats estimates - Next leads risers after broker comments The Footsie swung between gains and losses for most of Thursday's session but finished the day broadly flat following a busy day on the global economic calendar, which saw policy decisions in the UK and Eur
Read moreFTSE 100 movers: Tesco shares continue to fall
4th Oct 2012 16:17
Tesco shares continued to fall on Thursday, following a disappointing set of second quarter results from the supermarket giant the previous day. Knocking investor sentiment further was broker Exane BNP Paribas, which cut its targe on the stock from 325p to 300p, and maintained its underperform ratin
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