Sector movers: Ongoing Morrison buyout rumours drive grocers higher
19th Feb 2014 15:28
The supermarket sector was making decent gains on Wednesday as ongoing buyout speculation drove the share price of UK grocer WM Morrison higher in afternoon trade. The stock was up 4.7% at 243.5p by 15:31, after having hit a 52-week low of 229.9p earlier in the session. Last week it was reported t
Read moreBT brand shows most growth in 2013
18th Feb 2014 15:49
BT had the most successful year of growth of all British brands, findings by the Brand Finance Global 500 survey showed Tuesday. The annual study found that BT's brand value soared 70% to £9.3bn in 2013. "Its content focused strategy, investing huge sums in Rugby and in particular Premier League
Read moreUK stocks push higher after Eurozone GDP as miners gain
14th Feb 2014 11:39
- Eurozone GDP beats forecasts in Q4 - Miners surge as metal prices gain - Retailers, financials, Coca-Cola HBC lead the fallers techMARK 2,827.29 +0.12% FTSE 100 6,662.15 +0.04% FTSE 250 16,102.29 +0.45% A better-than-expected pick-up in Eurozone economic growth gave UK stocks a small boost on Fr
Read moreUK stocks edge lower as investors await Eurozone GDP
14th Feb 2014 09:05
- Eurozone GDP figures ahead - Italian politics in focus as PM resigns - Miners rise strongly, banks and retailers fall techMARK 2,822.53 -0.05% FTSE 100 6,650.83 -0.13% FTSE 250 16,045.41 +0.10% UK stocks opened slightly lower on Friday morning with strong gains from mining stocks outweighed by w
Read moreUK stocks hold gains despite complex new forward guidance from BoE
12th Feb 2014 12:02
- Carney revamps forward guidance - BoE focusing on 'spare capacity' in economy - Bank Rate to rise only gradually when tightening is needed - Morrisons in buyout talks with private-equity firms techMARK 2,824.49 -0.42% FTSE 100 6,683.78 +0.17% FTSE 250 16,060.03 -0.11% UK stocks held on to small
Read moreUK stocks flat ahead of Inflation Report, Morrisons gains
12th Feb 2014 08:24
- Markets await Inflation Report, forward guidance in focus - Yellen still in focus after taper comments - China trade surplus widens unexpectedly - Morrison gains on private-equity buyout hopes techMARK 2,826.88 -0.34% FTSE 100 6,678.65 +0.09% FTSE 250 16,076.98 -0.01% UK stocks opened more or le
Read moreWM Morrison founders considering private-equity buyout, report says
12th Feb 2014 07:51
The founding family of WM Morrison is said to be considering taking the supermarket group private, according to market reports on Wednesday. The Morrison family, who are thought to hold around 9-10% of the UK grocer, have spoken to a number of private-equity firms to gauge their interest, according
Read moreStocks rise as Yellen strikes balanced tone, tensions in China ease
11th Feb 2014 17:24
- Yellen: Tapering to continue as long as incoming data supports - Precious metal miners track metal prices higher - Retailers gain after economic data - Barclays drops seven per cent after 2013 results disappoint techMARK 2,836.39 +1.06% FTSE 100 6,672.66 +1.23% FTSE 250 16,078.28 +1.05% UK ma
Read moreFTSE 100 movers: Barclays dives on poor results
11th Feb 2014 14:50
Barclays was the big faller of the day after the banking giant posted a worse-than-expected 32 per cent fall in 2013 adjusted pre-tax profit, with costs coming in higher than predicted. The group also unveiled its plan to cut between 10,000 and 12,000 job this year, 7,000 of which will be in the UK.
Read moreSector movers: Retailers mostly higher, but supermarket giants fall
11th Feb 2014 13:49
Retail stocks were putting in a mixed performance in London on Tuesday with general retailers making gains while supermarket chains headed lower. Overall, the UK retail sector registered healthy growth in January, according to figures released this morning by British Retail Consortium (BRC) which s
Read moreTesco and Morrisons lose in slowest market growth since 2005 - Kantar
11th Feb 2014 11:23
Supermarket chains Tesco, Morrisons and Asda lost out to upmarket rivals and discounters as the UK grocery market expanded at its slowest rate since 2005 in the last three months. Market growth slowed slightly to 2.4% in the 12 weeks to February 2nd, according to figures from retail researchers Kan
Read moreFood sales drop as spending habits change, Jefferies says
11th Feb 2014 11:21
The UK's retail sector registered healthy growth in January, if the British Retail Consortium's (BRC) latest figures were to be believed. However, the overall survey results masked a sharp underlying shift, as some consumers cut back on their food spend, making way in their budgets to move house, J
Read moreBroker snap: Bernstein sees 'compelling entry point' at Sainsbury
4th Feb 2014 09:47
Supermarket group Sainsbury was a standout performer on the FTSE 100 on Tuesday morning after analysts at Bernstein upgraded the stock from 'market perform' to 'outperform', saying that it is a 'well-run retailer'. The broker kept its 430p target price unchanged. "Consumers know why they shop at S
Read moreTuesday broker round-up UPDATE
4th Feb 2014 09:20
Alumasc: FinnCap ups target price from 142p to 167p and retains its buy recommendation. Barratt Developments: Barclays increases target price from 444.7p to 471.2p and keeps an overweight rating. Bellway: Barclays raises target price from 1498.1p to 1552.6p, but keeps an underweight rating. Berke
Read moreBroker snap: HSBC cuts Sainsbury target after CEO exit
30th Jan 2014 10:26
HSBC has reduced its target price for supermarket group Sainsbury after the exit of Chief Executive Officer (CEO) Justin King, who is stepping down after 10 years as boss. The bank kept its 'neutral' rating for the stock and has reduced its target from 380p to 360p to "reflect the increased risk fr
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