Broker snap: Whitbread in line, but Panmure and Investec stay cautious
11th Dec 2012 10:36
Costa and Premier Inn owner Whitbread's third-quarter trading statement received a warm welcome from the market on Tuesday morning, but analysts have decided to stay cautious about the stock despite the in-line results. Total sales rose by 14.4% in the 13 weeks to November 29th, as a strong perform
Read moreLondon open: Stocks cautious ahead of German ZEW data
11th Dec 2012 08:33
The FTSE 100 index started Tuesday's session cautiously with just 12 points separating the intraday low and high in the opening hour as the focus remains fixed on Mario Monti and 'fiscal cliff' discussions in the US. However, with little significant economic data scheduled for today's session, all
Read moreLondon pre-open: Cautious start expected for the Footsie
11th Dec 2012 07:32
City sources are predicting a subdued start for the FTSE 100 at the open with markets still sensitive to political uncertainty in the Eurozone and US. The Footsie is expected to open down around five points from yesterday's close of 5,922. Markets yesterday initially started the day on the back f
Read moreTuesday broker round-up UPDATE
11th Dec 2012 07:18
Andor Technology: WH Ireland raises target price from 480p to 500p, while maintaining a buy rating. Anglo American: Nomura cuts target price from 2000p to 1800p keeping a neutral rating. Antofagasta: Nomura reduces target price from 1450p to 1400p and downgrades from buy to neutral. Ashtead Group
Read moreWhitbread sees growth moderate in Q3
11th Dec 2012 07:07
As expected Whitbread, which owns the Costa and Premier Inn chains, reported a slight slowdown in group like-for-like (LFL) sales in the third quarter but said that it was still on track to meet full-year expectations. Total sales rose by 14.4% in the 13 weeks to November 29th, as a strong performa
Read moreTuesday preview: Whitbread to update on Q3 trading
10th Dec 2012 16:30
A third-quarter trading update from Costa and Premier Inn owner Whitbread is due on Tuesday morning, with the company expected to reveal the extent of the slowdown in like-for-like (LFL) sales growth that it guided to in October. At the company's interim results on October 23rd, in which it reporte
Read moreWeek ahead: Whitbread, Ashtead
7th Dec 2012 18:38
The resolution - or not - of the US fiscal cliff continues to be the fulcrum for the markets' daily gyrations. In this regard, Kathleen Brooks, Director of Research at Forex.com, writes that political deadlock in Washington may start to spook the market as we get closer to the fiscal cliff that the
Read moreTuesday broker round-up UPDATE
27th Nov 2012 07:19
Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreTelecity chief shows faith in the company
5th Nov 2012 16:47
Telecity's Chief Executive Officer has bought shares in the company in a bid to show his confidence in the company's new Finnish acquisition, which on Monday proved decidedly unpopular, with shares dropping almost nine per cent. Michael Tobin made the modest purchase of 2,000 at 843.60p. The £16,8
Read moreLondon midday: Stocks lifted by UK GDP and Japanese speculation
25th Oct 2012 11:36
- UK GDP beats expectations in Q3 - Japan to boost asset purchases, says newspaper - Unilever and AstraZeneca provide a lift after Q3 updates After a cautious start, the FTSE 100 was registering decent gains by Thursday lunchtime after UK gross domestic product (GDP) figures showed the country exit
Read moreLondon open: Corporate results impress as markets await GDP data
25th Oct 2012 08:40
- Unilever, AstraZeneca and miners rise after updates - WPP falls after Q3 disappointment - Markets higher ahead of UK GDP UK stocks edged higher on Thursday morning after a flurry of corporate updates were well received; however gains will likely will be modest this morning ahead of the UK growth
Read moreThursday broker round-up - UPDATE
25th Oct 2012 08:20
APR Energy: Seymour Pierce upgrades from reduce to hold, target left at 650p. ASOS: Seymour Pierce raises target from 1,900p to 2,350p, hold rating kept. AstraZeneca: Jefferies keeps hold rating and 3,00p target. Berkeley Group: Goldman Sachs upgrades to conviction buy, target lifted from 1,950p
Read moreLondon midday: Miners drag the Footsie lower
23rd Oct 2012 11:41
- Miners dominate fallers on FTSE 100 - ARM and Experian lead the upside - Markets look ahead to FOMC Mining stocks were providing a drag on the Footsie on Tuesday morning as concerns over the global economy spurred a move away from risk; meanwhile, markets remained cautious ahead of a two-day poli
Read moreBroker tips: Lloyds, Whitbread, Direct Line
23rd Oct 2012 10:53
Credit Suisse has maintained its 'neutral' rating and 31p target price for UK banking group Lloyds ahead of its third-quarter results on November 1st. With the stock trading at 0.6 times 2013 estimated tangible net asset value (tNAV) for a 5-7% return on tangible equity (RoTE), the broker reiterate
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