Broker snap: Panmure downgrades Tesco to 'hold' after Q3 weakness
5th Dec 2013 09:05
Tecso's share price was under continued selling pressure on Thursday after the release of its disappointing three-quarter results the day before, with Panmure Gordon weighing further on the stock after downgrading its rating from 'buy' to 'hold'. The broker highlighted "widespread weakness" as it c
Read moreThursday broker round-up UPDATE
5th Dec 2013 08:15
AMEC: Canaccord Genuity raises target price from 1125p to 1300p upgrading from hold to buy. AZ Electronic Materials: Canaccord Genuity increases target price from 354p to 404p, while downgrading from buy to hold. BAE Systems: Deutsche Bank takes target price from 415p to 425p keeping a hold recomm
Read moreLondon close: Equities waver as long-term yields rise
4th Dec 2013 17:15
- ADP employment report surprises to the upside - Traders brace for Friday's US jobs report - Sage races ahead The FTSE ended the session slightly lower after the latest US ADP payrolls number came in ahead of forecasts, which pushed long-term bond yields higher both Stateside and in the UK, thus
Read moreTesco Q3 sales fall as consumers face pressure - UPDATE
4th Dec 2013 12:21
- Q3 LFLs down 1.5 per cent - Grocery market more difficult since summer - In line with FY board expectations Woes at Tesco continued as the British supermarket blamed a tough grocery market for lower UK third quarter sales, sparking City concerns about the success of its 1 billion pounds recover
Read moreLondon midday: Investors brace for upcoming US data releases
4th Dec 2013 12:08
- Fed Beige Book and US ISM services figures ahead - Traders brace for Friday's US jobs report - Sage races ahead techMARK 2,652.09 +0.44% FTSE 100 6,528.83 -0.06% FTSE 250 15,158.24 +0.03% The Footsie spent the first half of the session flittering in and out of the blue, as traders continued to
Read moreLondon open: FTSE creeps higher, driven by Sage Group
4th Dec 2013 08:41
- FTSE edges higher - Focus on Friday's US jobs report - Sage races ahead techMARK 2,652.09 +0.44% FTSE 100 6,528.83 -0.06% FTSE 250 15,158.24 +0.03% The FTSE inched higher in early trading, as expected, ignoring declines in both the US and Asia as Sage Group drove the top tier index higher with
Read moreLondon pre-open: FTSE to inch back into positive territory
4th Dec 2013 07:27
City sources predict the FTSE 100 will open around four points higher than yesterday's close of 6,532.43, marking a small reversal to yesterday's heavy losses which pushed the FTSE 100 to a seven-week low as weakness in the mining and financial sectors weighed heavily. Despite data earlier in the s
Read moreTesco UK sales fall as consumers stay under pressure
4th Dec 2013 07:03
Woes at Tesco continued on Wednesday as the British supermarket group blamed a tough grocery market for a decline in UK third quarter sales. Tesco said like-for-like sales in the period had fallen 1.5% due to a grocery market that had become more difficult since the summer due to pressure on consum
Read moreWednesday preview: Tesco to report 'soft' third quarter
3rd Dec 2013 15:16
Tesco is expected to report a 1.4 per cent fall in UK like-for-like sales in its third quarter results on Wednesday, according to broker Jefferies International. The supermarket's fall in sales will reflect stiff competition, the "wider industry backdrop" and "challenged international performance",
Read moreLondon close: Resource-heavy FTSE 100 falls as metals' prices slump
2nd Dec 2013 16:43
- Taper speculation picks up ahead of non-farm payrolls - Global manufacturing figures beat forecasts - Miners sold off as metal prices fall - Supermarkets hit by competition fears techMARK 2,653.70 -0.76% FTSE 100 6,595.33 -0.83% FTSE 250 15,334.75 -0.85% London's FTSE 100 finished with moderate
Read moreFTSE 100 movers: Miners and supermarkets push lower
2nd Dec 2013 15:42
Mining stocks were under pressure as commodity prices declined with precious metals peers Fresnillo and Randgold tracking gold and silver lower early on. As well, in a research note issued today analysts at Citi wrote that: "We remain underweight the gold and base metals stocks and our least favoure
Read moreLidl to more than double UK stores as grocery competition intensifies
2nd Dec 2013 14:54
London-listed supermarket stocks were lacking some festive cheer on Monday after discount grocer Lidl announced plans to more than double the number of stores it has in the UK. UK Managing Directr Ronny Gottschlich said that the UK grocery market is entering a "new era" as it aims to expand to 1,50
Read moreSector movers: Tesco falls as rising competition hits supermarket stocks
2nd Dec 2013 14:26
Cautious broker comments and fears of rising competition in the supermarket sector sent share prices of the UK's top grocers lower on Monday morning, as retailers enter their busiest selling period of the year. Global retail chain Tesco was among the worst performers on London's FTSE 100 today afte
Read moreBroker tips: Tesco, Aberdeen, Debenhams, Utilities
2nd Dec 2013 12:05
Tesco's share price was firmly lower on Monday morning after analysts at HSBC downgraded their rating on the stock from 'neutral' to 'underweight'. "We believe a 5.2% UK operating margin is not sustainable, and that aiming for any margin is the wrong strategy. In our view, a margin fall in inevita
Read moreLondon midday: Markets fall, shrug off upbeat manufacturing data
2nd Dec 2013 11:24
- Markets lower ahead of data-heavy week - Non-farm payrolls, taper in focus - Investors shrug off positive manufacturing figures this morning - Broker downgrades hit Tesco, Aberdeen, Debenhams techMARK 2,659.11 -0.55% FTSE 100 6,610.41 -0.60% FTSE 250 15,380.56 -0.56% Markets in the UK and across
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