Sector movers: Supermarkets recover after Morrison-inspired sell-off
14th Mar 2014 14:40
Food and drug retailers were the best performing stocks on Friday as sentiment in the sector recovered after a sell-off the previous session. WM Morrison dropped 12% on Thursday after the supermarket missed profit forecasts with its guidance for this year as it announced a major £1bn investment pro
Read moreLondon midday: Stocks extend losses ahead of Crimea referendum
14th Mar 2014 11:38
- Ukraine tensions rise ahead of Crimea vote - Analysts cut forecasts for China - Banking stocks mixed - US lifts ban on BP GoM contracts techMARK 2,765.64 -0.76% FTSE 100 6,529.08 -0.38% FTSE 250 16,062.45 -0.76% The FTSE 100 was registering losses for the sixth consecutive session as investors s
Read moreFriday broker round-up UPDATE
14th Mar 2014 09:07
Barclays: Nomura reduces target price from 305p to 285p staying with its buy recommendation. Investec lowers target price from 305p to 295p and keeps its buy recommendation. Ferrexpo: Westhouse Securities increases target price from 190p to 220p and reiterates a buy recommendation. F&C Asset Manag
Read moreLondon close: FTSE falls as Morrison, China, and Ukraine weigh on sentiment
13th Mar 2014 16:59
- FTSE closes down 67.12 at 6,553.78 - UK house prices ease in February - Supermarkets drag - BoE announced banking bonus reforms techMARK 2,786.87 -1.08% FTSE 100 6,553.78 -1.01% FTSE 250 16,186.23 -0.86% UK stocks finished sharply lower, dragged by supermarkets, woes about Chinese growth, and r
Read moreSector movers: Discounter fears rattle grocery stocks as WM Morrison drops
13th Mar 2014 15:22
Supermarket investors' concerns about the competitive threat from cheaper chains were reignited on Thursday after WM Morrison missed profit forecasts with its guidance for this year, causing the food and drug retail sector to take a big hit. The Morrisons chain, which is the fourth-largest supermar
Read moreWM Morrison making 'difficult decisions' to adjust to changing market - UPDATE
13th Mar 2014 15:05
- Turnaround aimed at carving a 'clear position in the market' - Company investing to cut prices and re-adjust promotions - Morrisons 'needs to adjust' to changing market, says CEO WM Morrison's shares were trading at levels not seen since 2006 after its profit guidance for this year missed consens
Read moreFTSE 100 movers: Morrison leads supermarkets lower
13th Mar 2014 14:55
WM Morrison's share price dropped today after it issued a disappointing set of full-year results, with like-for-like sales falling 2.8 per cent. Chairman Sir Ian Gibson admitted that the company had been slow to adapt to the changing UK grocery market. The supermarket chain guided to an underlying
Read moreLondon midday: Supermarkets lead FTSE lower
13th Mar 2014 11:58
- FTSE 14 points lower - Supermarkets drag after Morrison's results - Chinese growth point to slowdown techMARK 2,804.40 -0.46% FTSE 100 6,608.61 -0.19% FTSE 250 16,261.58 -0.40% Stocks were being weighed down by the supermarket sector this morning, while concerns over a slowdown in Chinese growth
Read moreLondon open: Markets hold at one-month low as WM Morrison sinks
13th Mar 2014 08:20
- WM Morrison sinks after annual results and review - Supermarket stocks sink sharply - Chinese data misses forecasts, again - Home Retail impresses with full-year guidance techMARK 2,813.76 -0.12% FTSE 100 6,616.81 -0.06% FTSE 250 16,313.25 -0.08% UK markets opened broadly flat on Thursday as a r
Read moreThursday newspaper round-up: Tax rises, E.On, Copper
13th Mar 2014 07:34
Britain and its governments face "crippling" tax rises and spending cuts in order to meet the needs of an ageing population. For too long people have in essence voted to give themselves benefits at the expense of future generations, said the Institute of Economic Affairs in a report. The IEA's Progr
Read moreFTSE 100 movers: Sports Direct in top spot as banks head lower
11th Mar 2014 14:48
Sports Direct was the day's top riser, gaining strongly after shareholders approved a huge 65m pound bonus plan for founder Mike Ashley. The payout is dependent on the company achieving earnings before interest, tax, depreciation and amortisation (EBITDA) of £330m in 2014 and £410m in 2015 - the l
Read moreTesco and Morrison see their market shares fall
11th Mar 2014 12:25
The pressure on the big four supermarkets intensified during the 12 weeks ended on March 2nd, according to the latest data available from Kantar Worldpanel. That came as Aldi's year-on-year growth rate accelerated to a record 33.5% pace so that it now accounts for 4.3% of the market. Lidl's share
Read moreLondon midday: Stocks near four-week low, supermarkets fall
11th Mar 2014 11:37
- Markets at lowest in nearly four weeks - Russia said to be drawing up counter offer to US - Supermarkets fall after Kantar data techMARK 2,841.55 -0.13% FTSE 100 6,674.07 -0.23% FTSE 250 16,448.94 -0.01% After a quiet start, UK stocks fell into the red by Tuesday lunchtime with retailers and ba
Read moreThursday newspaper round-up: Ukraine, Co-op, Rolls Royce
6th Mar 2014 07:13
Attempts to broker direct negotiations between Russia and Ukraine´s foreign ministers made little headway in Paris on Wednesday, although the US Secretary of State and Russia´s Minister of Foreign Affairs are due to meet again on Thursday, in Rome. In parallel, the European Union announced that it w
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
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