Thursday broker round-up UPDATE
14th Nov 2013 09:21
Afren: Goldman Sachs moves target price from 260p to 270p and retains its strong buy recommendation. APR Energy: Citi raises target price from 1250p to 1350p reiterating a buy recommendation. Atkins: Investec places both its target price (prev.: 1025p) and its reduce rating under review. Babcock
Read moreBroker snap: Tesco hit by Goldman downgrade to 'sell'
14th Nov 2013 09:12
Supermarket giant Tesco was being pressured lower on Thursday morning by a Goldman Sachs downgrade from 'neutral' to 'sell', with the bank saying that investors will have to wait a while for a cash return. Goldman estimates that Tesco store sales have lost 100 basis points (bp) of grocery market sh
Read moreLondon open: Stocks surge on stimulus hopes after Yellen comments
14th Nov 2013 08:17
- Yellen says Fed has 'more work to do' - FTSE 100 rebounds from four-week low - French, German GDP paint gloomy picture techMARK 2,649.73 +0.92% FTSE 100 6,688.86 +0.89% FTSE 250 15,335.50 +1.03% Dovish remarks from the soon-to-be Chair of the Federal Reserve gave markets a big boost on Thursday
Read moreLondon close: FTSE 100 at four-week low on policy concerns
13th Nov 2013 16:36
- FTSE 100 sinks to lowest level since mid-October - Rate-hike speculation follows BoE Inflation Report - Sainsbury up after strong first half techMARK 2,625.69 -0.83% FTSE 100 6,630.00 -1.44% FTSE 250 15,179.84 -1.23% UK stocks declined sharply on Wednesday as investor risk appetite was scaled ba
Read moreWednesday broker round-up
13th Nov 2013 12:33
AMEC: Credit Suisse downgrades from outperform to neutral with a target price of 1250p. Antofagasta: Alphavalue lowers target price from 1000.6p to 999.5p, while upgrading from add to buy. Associated British Foods: Credit Suisse raises target price from 1850p to 2250p and keeps a neutral rating.
Read moreLondon midday: Stocks fall after BoE Inflation Report
13th Nov 2013 12:17
- BoE Inflation Report released - UK unemployment rate falls techMARK 2,627.78 -0.76% FTSE 100 6,651.35 -1.12% FTSE 250 15,219.66 -0.97% Stocks edged lower on Wednesday as investors digested the Bank of England's (BoE) quarterly Inflation Report and jobless data. In the Inflation Report today, t
Read moreLondon open: Stocks sink ahead of Inflation Report
13th Nov 2013 08:36
- Inflation Report in focus after CPI data yesterday - Markets give mixed reaction to corporate earnings - UK unemployment rate expected to hold steady techMARK 2,636.08 -0.44% FTSE 100 6,684.38 -0.63% FTSE 250 15,327.34 -0.27% Stocks sank sharply on Wednesday morning as investors scaled back thei
Read moreTesco installs high-tech screens to scan customers
4th Nov 2013 09:55
Tesco is installing hundreds of high-tech screens that detect the age and sex of shoppers for advertisers, sparking concerns from privacy campaigners. The supermarket chain has signed a deal with Lord Alan Sugar's Amscreen for the OptimEyes system, which will be rolled out into 450 Tesco petrol fo
Read moreSunday newspaper round up: M&S, CBI Europe warning, Morrisons
3rd Nov 2013 13:29
The founder of Dunelm, who is Marks & Spencer's biggest private investor, has backed Chief Executive Marc Bolland, the Sunday Telegraph reported. Bill Adderley said Bolland is a "hard worker" and that "too big a deal" has been made of disappointing results at M&S's non-food business. The billionaire
Read moreBroker snap: Jefferies updates grocers with Morrison and Tesco picked
22nd Oct 2013 13:27
Jefferies' European Retail Team noted that demand in the grocery industry has remained weak overall, although Morrison has strengthened and Sainsbury's remains "the winner". With demand "weak" and grocery industry growth having remained "pedestrian" in the four weeks to October 13th, total till rol
Read moreBuffett lowers his stake in Tesco by a fifth
22nd Oct 2013 09:17
US billionaire Warren Buffett's Berkshire Hathaway last week slashed its stake in the world's number three retailer, British grocer Tesco, by about one-fifth, or 300m pounds (484.75m dollars), according to a US stock market filing on Monday. As of 09:18 shares of Tesco were higher by 0.09% to 372.5
Read moreThursday tips round-up: Marston's, Tesco, John Wood Group
10th Oct 2013 07:15
Marston´s annual trading update revealed a perceptible difference in performance between its managed and tenanted estates in terms of their like-for-like sales performance. The latter achieved a 2.2 per cent rise, ahead of the tenanted state which saw just a 2.0 per cent increase. It is for this rea
Read moreFTSE 100 movers: Vedanta hit by downgrade
9th Oct 2013 15:01
Vedanta Resources delivered record oil and gas production and a rise in the output of refined zinc, lead and silver in the second quarter. However, the stock was among the worst performers today after reportedly being downgraded by Morgan Stanley to 'underweight'. ARM Holdings also took a hit, trac
Read moreLondon midday: Markets pause at three-month low as UK data disappoints
9th Oct 2013 11:19
Disappointing UK production figures and the ongoing political deadlock in the US weighed on market sentiment on Wednesday morning, with the FTSE 100 subdued after hitting a three-month low the day before. London's benchmark FTSE 100 index was trading broadly flat by midday, erasing earlier losses,
Read moreLondon open: Stocks under pressure as debt ceiling looms
9th Oct 2013 08:22
Markets dropped sharply once again on Wednesday as investors' appetite for risk continues to be eroded by the ongoing government shutdown in the US. Not even the news that well-known dove Janet Yellen will be nominated as the next chair of the Federal Reserve lifted stocks this morning, with the FT
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