Broker tips: Melrose, Tesco, Dixons, Ted Baker
20th Jun 2013 11:10
Investec has maintained its 'buy' rating for industrial conglomerate Melrose after the better-than-expected sale price from the disposal of motor manufacturing division Marelli Motori. "Melrose's model (and record) also includes holding the appropriate level of capital for its current requirements,
Read moreBroker snap: Tradenext recommends defensive retailers Tesco and Dixons
20th Jun 2013 10:50
Tradenext recommends investors to pick up shares of retailers Tesco and Dixons for their defensive properties in the midst of the market sell-off on Thursday. "Tesco with its defensive qualities, massive economies of scale, multi-billion pound freehold property portfolio, 4.0% plus dividend yield a
Read moreLondon close: All eyes on tonight's Fed meeting
19th Jun 2013 17:17
UK markets gave back Tuesday' slight gains as traders continued to take positions, or stay on the side lines, ahead of the all-important policy decision - and accompanying market reaction - from the US Federal Reserve due out later this evening. "Bernanke has two key messages that he wants to get a
Read moreLondon midday: Markets cautious as eyes remain fixed on Fed
19th Jun 2013 12:01
A decline in risk appetite meant that UK markets were in the red on Wednesday morning ahead of the all-important policy decision from the Federal Reserve due out later this evening. "Attention is firmly on the Fed's monetary policy decision and press conference later, with investors clearly concern
Read moreLondon open: Stocks flat on fragile market sentiment
12th Jun 2013 09:01
The FTSE 100 was swinging between gains and losses in early trading on Wednesday as traders remained nervous amid the ongoing market volatility that has been seen over the last few weeks. "Persisting fears about impending Federal Reserve tapering of asset purchases together with the Bank of Japan's
Read moreSunday share tips: Tesco, easyJet, Mulberry
9th Jun 2013 18:06
A company trading at 10.4 times current year earnings - with a prospective yield of 4.4 per cent - is usually not deemed expensive. However, given how elusive growth is proving at Tesco that does not hold true in its case. The simple fact is that over the last two years like-for-like growth has fall
Read moreFriday broker round-up UPDATE
7th Jun 2013 06:51
Aberdeeen Asset Management: Bank of America cuts target price from 475p to 410p downgrading to underperform. Anglo American: Nomura lowers target price from 1700p to 1650p and stays with its neutral rating. ARM Holdings: UBS moves target price from 950p to 970p, while its neutral rating remains un
Read moreSector movers: Tesco drags retailers lower after poor Q1 update
5th Jun 2013 15:11
Food and drug retailers were the worst performers of the day on Wednesday after a disappointing trading update from supermarket titan Tesco weighed on sentiment. Headline group sales (excluding petrol) in the first quarter grew 2.7% at the FTSE 100 group, but were flat at constant currency rates an
Read moreFTSE 100 movers: Wolseley bounces back from slump
5th Jun 2013 14:43
Building materials group Wolseley rebounded Wednesday, a day after shares took a hammering when investors noted a slight slowdown in the US and ongoing weakness in Europe. Investors today seems to take greater notice of the group's 7.9% rise in third quarter trading profits to £150m, reported yeste
Read moreLondon midday: Markets drop ahead of key US data
5th Jun 2013 11:18
It was another volatile morning for financial markets on Wednesday as ongoing worries about stimulus measures in the US and a heavy economic data schedule dominated market sentiment. The FTSE 100 hit intraday low of 6,453 this morning, the index's lowest level since the start of May. Concerns abo
Read moreBroker tips: Tesco, ARM, DS Smith
5th Jun 2013 11:03
Tesco's first-quarter results may have failed to enthuse the market on Wednesday but Nomura remained upbeat with a 'buy' rating on the stock, saying that a mixed performance masked the underlying progress made at the supermarket group. While the performance in the UK was a little worse than expecte
Read moreBroker snap: Mixed Q1 belies underlying progress at Tesco, says Nomura
5th Jun 2013 09:41
Tesco's first-quarter results may have failed to enthuse the market on Wednesday but Nomura remained upbeat with a 'buy' rating on the stock, saying that a mixed performance masked the underlying progress made at the supermarket group. While the performance in the UK was a little worse than expecte
Read moreLondon open: Stocks hit one-month low ahead of data, Tesco falls
5th Jun 2013 08:30
A flurry of economic data and renewed concerns about the Federal Reserve's 'exit strategy' from stimulus ensured that markets opened firmly in the red on Wednesday morning. The FTSE 100 hit intraday low of 6,507 early on before rebounding slightly within the opening hour - this was the index's lowe
Read moreLondon pre-open: Stocks to fall ahead of busy day for data
5th Jun 2013 07:34
Ahead of a busy day on the economic data front, stocks are expected to open sharply lower on Wednesday, with City sources predicting that the FTSE 100 will open around 50 points lower from yesterday's close of 6,559. "The European markets are expected to open lower once again this morning highlight
Read moreTesco refit provides glimmer of hope in grim Q1 results - UPDATE
5th Jun 2013 07:05
Like-for-like sales at Tesco continue to flounder, as its UK and international business suffered from the ongoing squeeze on consumer spending in the first quarter, drawing a mixed reaction from analysts. While headline group sales, excluding petrol, grew 2.7% at the FTSE 100 supermarket group, the
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