Wednesday preview: Sports Direct reports ahead of joining FTSE 100
10th Sep 2013 15:05
Sports Direct International is set to release a trading update on Wednesday following reports it will be promoted to the FTSE 100 index for the very first time next week. The company, along with Coca-Cola and South African paper and packaging firm Mondi, are expected to replace oil services firm Jo
Read moreMonday broker round-up UPDATE
9th Sep 2013 10:42
Associated British Foods: Panmure Gordon cuts target price from 2100p to 2075p, while leaving its buy recommendation unchanged. Investec places its target price (prev.: 1930p) under review keeping a hold recommendation. Aviva: Morgan Stanley increases target price from 403p to 445p and maintains an
Read moreSunday share tips: Vedanta, Highland Gold, Barratt
8th Sep 2013 20:13
The Telegraph's Questor column said buy Vedanta. The natural resources group has completed a restructure that could bring $200m of tax savings. Analysts at Liberum Capital also think the fall in the value of the Indian rupee could boost EBITDA by $455m if the decline persists to the end of the year.
Read moreSector movers: Mining, housing stocks making gains
16th Aug 2013 14:56
Gold and silver prices cemented recent gains on Friday due to safe-haven demand, pushing shares prices in the mining sector higher in afternoon trade. Precious metals peers Randgold Resources and Fresnillo were standout performers as gold edged closer to a two-month high while silver stayed close
Read moreLondon close: Stocks sold off on concerns over QE taper, Egypt
15th Aug 2013 16:34
Markets largely shrugged off a strong set of UK retail sales figures today, instead choosing to focus on economic data from the States which continues to throw more weight behind the argument to taper quantitative easing. The ongoing violence in Egypt also continues to be a worry for markets after
Read moreFTSE 250 movers: Ophir sinks after first-half results
15th Aug 2013 14:46
Africa-focused oil and gas group Ophir Energy was a heavy faller on Thursday as investors gave a cool reaction to the company's first-half report. While the firm narrowed its pre-tax loss to 19.4m dollars from 24.4m dollars previously, market chatter pinned the share-price reaction to delays in find
Read moreThursday broker round-up UPDATE
11th Jul 2013 08:23
Afren: JP Morgan reduces target price from 195p to 165p and downgrades to underweight. Associated British Foods: Panmure Gordon increases target price from 1800p to 2100p upgrading from hold to buy. AVEVA Group: JP Morgan ups target price from 2300p to 2430p and retains a neutral rating. Aviva: M
Read moreWednesday broker round-up UPDATE
10th Jul 2013 08:59
Anglo American: Goldman Sachs reduces target price from 1400p to 1100p and retains a sell recommendation. Antofagasta: Goldman Sachs takes target price from 935p to 810p reiterating its neutral rating. Babcock: JP Morgan increases target price from 1230p to 1380p and retains an overweight rating.
Read moreLondon pre-open: Markets seen lower after Italian downgrade
10th Jul 2013 07:43
Markets are expected to open slightly lower on Wednesday, pausing for breath after recent gains as investors react to an Italian downgrade by S&P. City sources predict the FTSE 100 will open down around 14 points from yesterday's close of 6,513. Ratings agency S&P has cut its sovereign rating for
Read moreBarratt Developments expects momentum to continue
10th Jul 2013 07:14
Barratt Developments said momentum is continuing to build and with forward sales up substantially, it is confident it can improve its performance further still in the year ahead. In an update for the year ended June 30th ahead of its annual results in September, the house-builder said profit before
Read moreFTSE 250 movers: Centamin surges after Egyptian President ousted
4th Jul 2013 14:14
Gold miner Centamin saw shares jump by nearly a fifth on Thursday after the President of Egypt, where its flagship Sukari mine is located, was ousted by the military. Centamin has been involved in a legal dispute with Egypt's administrative court since the government came into power, regarding the v
Read moreLondon midday: Stocks rise as BoE holds fire, markets eye ECB
4th Jul 2013 11:28
The FTSE 100 issued decent gains on Thursday morning, taking advantage of expected low volumes on the back of the Independence Day holiday in the States, with all eyes on central banks in the UK and Europe in the absence of any major economic data today. As expected, the Bank of England (BoE) stood
Read moreBroker snap: Persimmon's valuation 'full' despite robust Q1, says Jefferies
2nd Jul 2013 09:24
Jefferies has kept its 'hold' rating and 1,162p target price for UK house builder Persimmon despite an upbeat second-quarter trading update, saying that the stock's valuation looks 'full'. Nevertheless, analyst Anthony Codling said that the statement was "robust" and backed up its view that the gov
Read moreLondon close: Markets rebound strongly, Carnival jumps late on
25th Jun 2013 16:44
The FTSE 100 rebounded strongly with a 1.2 per cent jump on Tuesday after coming close to its 2013 low the day before, as concerns over a liquidity crunch in China and reduced stimulus in the US eased, for the time being at least. London's benchmark index finished the session up 73 points at 6,102,
Read moreSector movers: Housebuilders lifted as mortgage approvals rise
25th Jun 2013 15:45
Construction and materials stocks were performing well on Tuesday after the British Bankers' Association (BBA) revealed that mortgage approvals hit a 16-month high in May. Approvals for house purchases reached 36,102 last month, up from a revised 32,952 the month before, well ahead of the 33,200 co
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