Thursday broker round-up UPDATE
19th Sep 2013 08:20
ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreSector movers: Morrisons, Ocado give retailers a boost
12th Sep 2013 15:14
A well-received set of first-half results from Morrisons gave a boost to the food retail sector on Thursday, helped by an update from joint-venture partner Ocado. Morrisons reported a 21.8% drop in pre-tax profit for the six months to August 4th from £440m to £344m on sales that were broadly flat a
Read moreLondon open: Stocks flat as focus turns to Fed meeting
12th Sep 2013 08:19
UK markets paused at a one-month high on Thursday morning as easing fears over Syria gave investors the chance to focus on the upcoming policy meeting at the Federal Reserve. Traders were also showing caution ahead of speeches from Bank of England Governor Mark Carney as he testifies to the Treasur
Read moreTesco pays up to exit US Fresh & Easy business
11th Sep 2013 08:07
Tesco has agreed to give away the bulk of its US business, Fresh & Easy, to billionaire Ron Burkle and will pay further 150m pounds in loans and costs. A specialist in reviving supermarket chains, Burkle has agreed to take more than 150 stores and a distribution centre from the UK company via his
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreSainsbury's achieves market share growth, reveals Kantar
28th Aug 2013 13:12
Sainsbury was the only one of Britain's top four supermarkets that achieved market share growth in the 12 weeks to August 18th, according to researcher Kantar Worldpanel. Total sales at Sainsbury grew 4.9% compared to a year ago, bringing the grocer's share of the £31.7bn market to 16.5%. "Sainsbu
Read moreBanks incur hefty fine after mis-selling insurance in CPP debacle
22nd Aug 2013 10:17
Some of the UK's biggest banks are to pay compensation to some seven million customers after mis-selling credit card and ID theft insurance cover. Customers will receive up to £300 each, with the total bill coming to £1.3bn. The insurance was mis-sold because in most cases it was already provide
Read moreTesco and China Resources Enterprise to bid for ParknShop
22nd Aug 2013 09:17
Tesco and China Resources Enterprise are considering a partnership to bid for Hong Kong supermarket chain ParknShop. China Resources confirmed it was looking to raise debt and sell non-core assets to fund the acquisition of billionaire Li Ka-shing's business. Li's largest company, Hutchison Whampo
Read moreLondon close: Tapering concerns continue to hit stocks
19th Aug 2013 16:27
Concerns about the future of US stimulus continued to weigh on stocks on Monday with London's mining sector bearing the brunt of a reduction in risk appetite amongst investors. Market sentiment has been fragile in recent weeks due to heightened speculation that the Federal Reserve will taper its qu
Read moreTesco fined for offences over strawberry promotion
19th Aug 2013 14:59
Supermarket giant Tesco has been fined after a shopper filed a complaint over a promotion on a 400g punnet of strawberries. The company incurred the £0.3m fine for "misleading customers" by selling the product at the promotional price of £1.99 for longer than it did at the original price of £3.99.
Read moreMonday newspaper round-up: Tesco, Egypt, JPMorgan, Vodafone
19th Aug 2013 06:47
Tesco is set to introduce its own tablet computer which is expected to be ready for Christmas loaded with books, films and music, The Times reported. Egypt's turmoil threatens to create a potential oil spike that could damage any nascent economic recovery, according to The Telegraph. JPMorgan Chas
Read moreLondon close: Markets finish lower despite mining strength
12th Aug 2013 16:44
Markets were choppy on Monday with early gains on the FTSE 100 being erased by the end of trade as traders reacted to mixed newsflow from Asia and Europe. Even a strong performance in the heavyweight mining sector wasn't enough to push the London benchmark into positive territory today, with Financ
Read moreFTSE 100 movers: Prudential lifts H1 profits
12th Aug 2013 15:00
Higher income from the US and growth in Asia boosted first half operating profits at insurer Prudential by 22 per cent to 1.415bn pounds. The shares surged to the highest level since at least 1988 as the group raised its interim dividend 16 per cent to 9.73p per share. Silver miner Fresnillo and Ra
Read moreLondon midday: Markets fall on low volumes, Japan data
12th Aug 2013 11:52
In spite of a decent start, the FTSE 100 had swung into the red by Monday lunchtime, with analysts citing low volumes and weaker-than-expected economic data from Japan. Asian markets were mixed overnight with Chinese benchmarks performing well on an improved outlook in China, while Tokyo's Nikkei w
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