Broker tips: Wolseley, Tesco, M&S
4th Oct 2011 12:28
Even though Wolseley resumed its final dividend on Tuesday, Prime Markets said that the group's exposure to global economic growth along with its substantial debt pile may mean that the shareholder payout "may have to go again". "As a barometer for the UK consumer, fewer companies are better placed
Read moreBroker snap: Tesco rises after UBS upgrade
4th Oct 2011 09:28
Shares in Tesco bucked the downward trend on Tuesday after UBS upgraded the supermarket titan from neutral to buy and added the stock to its 'Key Calls' list, highlighting that "driving higher returns is now at the heart of group strategy." UBS says that Tesco management is now intensely focused on
Read moreLondon open: Financial drag Footsie towards 5,000
4th Oct 2011 08:30
The poor performance seen Monday has continued with the Footsie dropping towards the 5,000 mark once again in the opening minutes, as concerns in the Eurozone continue to dominate the markets. Nevertheless, there were further messages of support for Greece - even if they have yet to be backed up by
Read moreUPDATE: Tuesday broker round-up
4th Oct 2011 08:25
BHP Billiton: Citi reiterates buy and keeps target at 2,405p. BHP Billiton: Credit Suisse upgrades to outperform from neutral; cuts target to 2,800p from 3,160p. Anglo American: Credit Suisse downgrades to neutral from overperform. Lonmin: Credit Suisse downgrades to underweight from neutral. S
Read moreSunday newspaper round-up: Be afraid, Greece&Qatar, Dexia
2nd Oct 2011 16:24
Shale gas will not solve Britain's energy problems, argues this weekend´s edition of The Economist. Nonetheless, the magazine concedes that exploration outfit, Cuadrilla´s, apparent recent discoveries in Blackpool may turn out to constitute a considerable bounty. However, the size of the find is sti
Read moreWeek Ahead: Tesco, rate decisions by BoE and ECB
30th Sep 2011 13:25
Next week sees the opportunity to gauge the relative trading patterns of supermarket giants Tesco and Sainsbury. Tesco's interim figures on Wednesday are probably the more eagerly awaited, given the recent change in strategy of the company in favour of an "every day low prices" strategy rather than
Read moreUPDATE: First broker tip round-up of the morning
30th Sep 2011 08:48
Intertek: UBS downgrades to ´sell´ from ´neutral´, cuts target to 1750p from 2000p. Tate&Lyle: UBS keeps at ´neutral´, raises target to 615p from 595p. Carphone: Alpha Value upgrades to 'add' from 'reduce'. IMI: Alpha Value upgrades to 'buy' from 'add'. Astra Zenaca: Seymour Pierce stays at 'r
Read moreWednesday tips round-up: Topps Tiles, Albemarle & Bond, Hammerson
28th Sep 2011 06:34
In the good times, Topps Tiles saw as much as a quarter of sales coming from people moving house and upgrading the kitchen and bathroom. Today, the proportion is well below 10%, so it relies on discretionary purchases by existing home owners. Topps shares have now fallen to a level where, after yest
Read moreWednesday newspaper round-up: "Stupid" US, "stupid" Miliband, Google
28th Sep 2011 06:26
Germany and America were on a collision course on Tuesday night over the handling of Europe's debt crisis after Berlin savaged plans to boost the EU rescue fund as a "stupid idea" and told the White House to sort out its own mess before giving gratuitous advice to others. German finance minister Wol
Read moreTuesday newspaper round-up: Merkel, BCC, Broadbent
27th Sep 2011 06:24
Angela Merkel was battling yesterday against opposing forces at home and abroad urging her to spearhead a multi-trillion "shock and awe" euro rescue package. The world community, headed by the United States, is calling on the German Chancellor to lead the way on setting up a huge financial firewall
Read moreBuffett raises his stake in Tesco
26th Sep 2011 15:56
Buffett's Berkshire Hathaway has raised its stake in retailer Tesco to 3.64%, a person familiar with the matter said. Buffett increased the holding from 3.21%, Bloomberg reports. AB
Read moreTesco man to chair Intertek
26th Sep 2011 07:25
Safety testing company Intertek has appointed David Reid, who currently chairs the supermarket giant Tesco, as its new chairman. Reid will become chairman of Intertek, which tests the safety of a wide range of products, including toys, shoes, furniture and cosmetics, when the current chairman Vanni
Read moreLondon close: Buoyant RBS, Barclays and Lloyds boost FTSE 100
23rd Sep 2011 16:38
Stocks rediscovered their earlier strength, but only after tumbling below the 5,000 point mark on another volatile day for the leading share index. Banks were prominent among the risers, with Barclays, Lloyds and RBS posting decent gains, after talk of a 50 basis point cut in European Central Bank
Read moreSector movers: Tesco boosts retailers after launch £500m price offensive
23rd Sep 2011 16:14
The food and drug retailers were the best performers on Friday afternoon, with Tesco leading the advance. The supermarket giant revealed on Thursday details of its 'Big Price Drop', a £500m price offensive which it claims will provide immediate help to struggling families. "From Monday, Tesco will
Read moreBroker tips: Tesco, easyJet, Axis-Shield
23rd Sep 2011 12:36
Evolution Securities has upgraded supermarket giant Tesco from sell to neutral, on the back of a £500m price repositioning which begins next week. "The repositioning takes effect from Monday and we will take a close look in stores then, but in principal this appears to be the right strategic move b
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