Broker snap: Margins 'unsustainable' at Tesco, HSBC downgrades
2nd Dec 2013 10:43
Tesco's share price was firmly lower on Monday morning after analysts at HSBC downgraded their rating on the stock from 'neutral' to 'underweight'. The bank also cut its target price for the shares from 400p to 340p. HSBC said that Tesco's current margin targets are unlikely to be maintained and
Read moreMonday broker round-up UPDATE
2nd Dec 2013 08:22
Aberdeen Asset Management: Credit Suisse raises target price from 465p to 515p and maintains a neutral rating. Admiral Group: Citi moves target price from 1215p to 1220p and retains a neutral rating. AVEVA Group: Numis upgrades to buy with a target price of 2980p. AZ Electronic Materials: Deutsch
Read moreSunday newspaper round-up: UK economy, RBS, Tesco
1st Dec 2013 16:13
The Office for Budget Responsibility (OBR) will say the economy is growing at twice the rate it forecast in March, the Sunday Telegraph and Sunday Times reported. The OBR will say 2013 growth has jumped to 1.4% from the 0.6% it predicted eight months ago. Next year the economy will grow by about 2.3
Read moreWednesday broker round-up UPDATE
27th Nov 2013 09:14
Aviva: Nomura moves target price from 474p to 489p retaining a buy recommendation. Bellway: Numis upgrades to buy with a target price of 1690p. Breedon Aggregates: Jefferies starts with a target price of 42p and a buy recommendation. Britvic: UBS ups target price from 575p to 600p and keeps a neu
Read moreTesco completes Fresh & Easy sale
27th Nov 2013 07:34
Tesco said on Wednesday it has completed the sale of the bulk of its loss-making US chain Fresh & Easy to YFE Holdings. The UK supermarket has been looking to dispose of the food chain, which operates 200 stores across California, Nevada and Arizona, for some time as it has lost money since opening
Read moreLondon close: Mining stocks drag FTSE 100 lower
26th Nov 2013 16:29
- Mining stocks track metals prices lower - Economic data from the US comes in mixed - BTG jumps on US approval of Varithena techMARK 2,649.54 -0.07% FTSE 100 6,636.22 -0.87% FTSE 250 15,306.13 +0.04% Weakness in the mining sector kept markets firmly in the red on Tuesday as a lack of newsflow and
Read moreBroker tips: Tesco, Petrofac, Airlines, De Le Rue
26th Nov 2013 11:42
Deutsche Bank has cut its target price for Tesco from 405p to 386p ahead of its third-quarter trading update next week, saying that like-for-like (LFL) trends have deteriorated. "We expect Q3 LfL trends to have deteriorated in most markets versus Q2, most notably in the UK, Thailand, Ireland and Ko
Read moreLondon midday: Stocks fall as investors await US data
26th Nov 2013 11:28
- Thanksgiving holiday to affect trading volumes - BTG jumps after Varithena approval - De La Rue, Mitchells & Butlers, Britvic gain after results - Glencore Xstrata drops on Las Bambas developments techMARK 2,652.61 +0.05% FTSE 100 6,663.62 -0.46% FTSE 250 15,343.14 +0.28% UK stocks headed slight
Read moreBroker snap: Deutsche Bank sees deteriorating LFLs at Tesco
26th Nov 2013 09:32
Deutsche Bank has cut its target price for Tesco from 405p to 386p ahead of its third-quarter trading update next week, saying that like-for-like (LFL) trends have deteriorated. Nevertheless, the bank maintained its 'buy' rating for the stock on the back of the potential upside to total shareholder
Read moreTuesday broker round-up UPDATE
26th Nov 2013 08:18
BBA Aviation: Goldman Sachs shifts target price from 420p to 425p and reiterates a buy recommendation. BTG: Numis raises target price from 350p to 440p upgrading from reduce to hold. Cambria Automobiles: Panmure Gordon starts with a target price of 61p and a buy recommendation. Daily Mail & Gener
Read moreMonday newspaper round-up: BBA, Tesco, Severn Trent
18th Nov 2013 10:05
The British Bankers' Association (BBA) has warned Chancellor George Osborne that the lack of an end date to his flagship Help to Buy programme could cause serious distortion in the housing market, The Daily Telegraph has learned. Tesco has been accused of carrying its rubbish in food trucks to cut
Read moreLondon close: Fed's Yellen sparks gains on hopes of continued stimulus
14th Nov 2013 16:28
- Yellen comments in focus as taper speculation picks up - Corporate earnings come in mixed - Economic data weakens in UK, Eurozone techMARK 2,649.23 +0.90% FTSE 100 6,666.13 +0.54% FTSE 250 15,257.93 +0.51% Markets were able to shrug off some disappointing economic data on Thursday as hopes over
Read moreFTSE 100 movers: Aberdeen, Prudential, Burberry
14th Nov 2013 14:23
Aberdeen Asset Management's shares rebounded after falling earlier in the week on growing fears it could be caught up in a bidding war for Scottish Widows Investment Partnership. Prudential advanced after saying new business profit rose 12% in the first nine months of the year, driven by demand fo
Read moreBroker tips: RBS, Tesco, Perform
14th Nov 2013 12:29
Investec has upgraded its rating for UK domestic banking group RBS from 'sell' to 'hold', but maintained its cautious view on the stock. Analyst Ian Gordon said that the RBS "disaster story" has been running since 2007, yet he still sees little hope of a meaningful near-term recovery for shareholde
Read moreLondon midday: Markets pare gains after poor economic data
14th Nov 2013 11:33
- UK retail sales fall 0.7 per cent in October - French, German GDP paint gloomy picture - Yellen says Fed has 'more work to do' techMARK 2,644.91 +0.73% FTSE 100 6,656.19 +0.40% FTSE 250 15,279.90 +0.66% Hopes over a continuation of US stimulus prompted a strong start for the FTSE 100 on Thursday
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