Interview - Ronnie Chopra gives his view on some fund managers´ favourite picks
8th Oct 2013 14:29
Most market participants are wary of taking any positions until the outcome of the budget negotiations Stateside is clearer. Hence, it is probably best take a more medium- to longer-term view of events when making investment decisions in the equity space, less one lose his nerve. The good news is th
Read moreTesco relaunches Finest food range as Moody's downgrades
8th Oct 2013 13:49
Tesco has revamped its upmarket Finest food range in an effort to turn UK sales around. The supermarket chain said it is spending tens of millions of pounds on launching more than 400 new products and re-launching existing products. "Finest is Tesco's flagship food brand and our aim with today's r
Read moreFriday broker round-up UPDATE
4th Oct 2013 09:32
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G
Read moreLondon close: Stocks edge higher but gains limited by US shutdown
3rd Oct 2013 16:49
Ongoing political wrangling in the States limited gains for stocks on Thursday though the FTSE 100 still managed to snap a four-day losing streak to finish slightly higher. However, markets were rangebound as investors digested mixed economic data from across the globe with service-sector activity
Read moreBroker snap: Tesco still has promise, Shore Capital says
3rd Oct 2013 15:17
In a research note issued this afternoon analysts at Shore Capital have decided to retain their 'buy' stance on shares of Tesco despite the company's extremely poor results in Europe. However, what the broker most wants out of the firm are more cautious - and realistically achievable - forecasts.
Read moreFTSE 100 movers: Tesco leads after broker retains buy rating
3rd Oct 2013 14:59
In a research note issued this afternoon, analysts at Shore Capital have decided to retain their "buy" stance on shares of supermarket Tesco, despite the company's extremely poor results in Europe. What the broker most wants out of the firm are more cautious - and realistically achievable - foreca
Read moreBroker tips: easyJet, SABMiller, Tesco
3rd Oct 2013 12:08
Panmure Gordon has kept its 'buy' rating and 1,500p target price for easyJet after a strong pre-close trading update from the budget airline on Thursday morning. "We believe that the long-term prospects for this business remain exciting. The company has a strong structural cost advantage over most
Read moreBroker snap: Citi upgrades Tesco, negatives priced in
3rd Oct 2013 09:24
Analysts at Citigroup have upgraded their rating for supermarket group Tesco from 'sell' to 'neutral' following the release of the company's first-half results, saying that negatives have already been priced in to the stock. The US bank admitted that there were "very few points of light" in the fir
Read moreThursday tips round-up: Tesco, Domino's Pizza, Hochschild Mining
3rd Oct 2013 08:33
Tesco's first-half profits in Europe were down by two-thirds; the Asian business is going backwards; and progress in the all-important UK operation is painfully slow. Nevertheless, there were some nuggets of good news on Wednesday for those willing to look hard enough. Refurbished stores in the UK a
Read moreThursday broker round-up UPDATE
3rd Oct 2013 08:21
Alternative Networks: Westhouse Securities downgrades to neutral with a target price of 350p. ARM Holdings: Credit Suisse moves target price from 1030p to 1050p and reiterates an outperform rating. Burberry Group: JP Morgan raises target price from 1450p to 1550p reiterating a neutral rating. Car
Read moreLondon close: Late rally not enough as FTSE 100 falls for fourth straight day
2nd Oct 2013 16:43
A slight bounce in the UK-listed mining sector saw the FTSE 100 rally on Wednesday afternoon but the index still finished firmly in the red, setting a fresh one-month low as political uncertainty in the US and Italy continued to weigh on sentiment. The FTSE 100 finished down 22.51 points at 6,437.5
Read moreFTSE 100 movers: Supermarket stocks take a hit
2nd Oct 2013 14:45
Coca-Cola HBC continued to slide lower to become the biggest faller this afternoon. However, much of the focus was on supermarket giant Tesco today as it registered steep losses after disappointing the market with its interim results. Half-year underlying pre-tax profit fell 7.4% to £1.4bn as an i
Read moreSector movers: Food retailers hit by falling profits at Tesco
2nd Oct 2013 14:33
The food retail sector was suffering on Wednesday afternoon after some heavy falls from supermarket giant Tesco, as the company reported a fall in profits for the first half. Smaller rival Sainsbury was also trading in the red, as investors seemed underwhelmed with an acceleration in sales growth i
Read moreLondon midday: ECB, political uncertainty in focus as stocks fall
2nd Oct 2013 11:27
The FTSE 100 suffered steep losses on Wednesday morning as buyers showed caution ahead of a policy decision in Europe, whilst political uncertainty in the US and Italy continues to erode risk appetite. The all-important European Central Bank (ECB) policy decision is due at 12:45 this afternoon, tho
Read moreLondon open: FTSE 100 near three-month low as supermarkets disappoint
2nd Oct 2013 08:21
UK markets sank sharply on Wednesday morning given the uncertain outlook for the US economy in light of a partial government shutdown as politicians continue to disagree over a budget proposal for next year. Disappointing results from retail bellwethers Tesco and Sainsbury were also weighing on sen
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