London close: Markets subdued in Budget aftermath
20th Mar 2013 16:16
Markets on the whole gave a muted reaction to George Osborne's Budget Statement today, in which he warned that Britain would grow less and borrow more than originally estimated, while traders continued to digest developments elsewhere, including the Cypriot bailout and a meeting at the US Federal Re
Read moreFTSE 250 movers: Construction and house building groups rise on Budget
20th Mar 2013 16:05
Shares in Barratt Developments, Taylor Wimpey, Persimmon, Bellway, Redrow and Bovis Homes Group all charged higher on Wednesday afternoon after the Chancellor, George Osborne, said in his 2013 Budget speech that the government was launching a programme to help people get on, or move up, the property
Read moreLondon close: US sentiment data dampens stocks as traders take profits
15th Mar 2013 16:51
UK stocks finished the week on a dull note as disappointing data from the States and an ongoing summit of European leaders in Brussels dampened risk appetite in afternoon trade. Following a barrage of impressive US economic figures over recent weeks - especially from the labour market - sentiment w
Read moreLondon midday: Markets fall ahead of Eurozone meetings, US data
15th Mar 2013 11:47
Meetings in the Eurozone and a relatively quiet day on the corporate earnings calendar meant that the UK stock market was trading firmly in the red on Friday morning as traders booked profits after recent gains. The S&P 500 in New York finished just a couple of point shy of its all-time high on Thu
Read moreLondon open: Stocks flat as traders await details from EU summit
15th Mar 2013 08:29
UK stocks opened more or less flat on Friday morning as markets paused for breath after a strong rise the day before, with traders awaiting any developments at the European Union (EU) summit in Brussels. The S&P 500 finished just a couple of point shy of its all-time high on Thursday night as data
Read moreLondon pre-open: FTSE to follow US stocks slightly higher
15th Mar 2013 07:30
City sources predict the FTSE 100 will open up 18 points from yesterday's close of 6,529, after US tocks finished with decent gains on Thursday on the back of jobless claims, which came in below expectations, signalling further improvement in the US labour market. The S&P 500 finished 0.6% higher a
Read moreJD Wetherspoons delivers 'reasonable' set of interim results - UPDATE
15th Mar 2013 07:10
Pub Group JD Wetherspoon has posted a 'reasonable' set of results for the half year ended December 31st, with a 10 per cent rise in revenue, but pre-tax profit down 2.7 per cent. The group warned investors its biggest threat continues to be the VAT disparity between supermarkets and pubs and the c
Read moreTuesday broker round-up UPDATE
26th Feb 2013 07:27
Andor Technology: Investec shifts target price from 460p to 500p and keeps a buy recommendation. Associated British Foods: Nomura revises target price from 1790p to 1800p, while its neutral rating remains unchanged. Barclays: Espirito Santo raises target price from 346p to 418p and reiterates its
Read moreWetherspoon CEO trades in 6,000 shares days after margins disappoint
21st Jan 2013 16:28
The Chief Executive Officer of pub group JD Wetherspoon has sold 6,000 shares in the group less than a week after it revealed a drop in its half-year operating margin. John Hutson traded in the shares at 502p a time, pocketing £30,120 before tax. The group said it expects its operating margin fo
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreThursday broker round-up UPDATE
17th Jan 2013 07:19
African Barrick Gold: Westhouse Securities reduces target price from 335p to 305p, while its sell recommendation is unchanged. Anglo American: Exane cuts target price from 2000p to 1650p and downgrades from neutral to underperform. Antofagasta: Exane ups target price from 1400p to 1500p keeping an
Read moreWetherspoon reveals drop in half year operating margin
16th Jan 2013 08:50
Pub chain Wetherspoon saw its operating margin for the half year ended January 27th come in around 1.1 per cent lower than the previous year at 8.2 per cent. This was as a result of slightly higher than expected increases in costs in areas such as tax, utilities, labour and bar and food supplies, c
Read moreWednesday broker round-up UPDATE
16th Jan 2013 07:16
Anglo American: Goldman Sachs reduces target price from 1650p to 1500p and reiterates its sell recommendation. Antofagasta: Goldman Sachs ups target price from 1100p to 1120p and still recommends to sell. ARM Holdings: UBS increases target price from 750p to 900p, while downgrading to neutral. As
Read moreWednesday preview: Wetherspoon and Experian release interim results
15th Jan 2013 15:30
Wetherspoon unveils its interim management statement Wednesday after the UK pub operator announced plans to open new bars. Last month the company said it was adding 30 new pubs and creating 1,200 jobs this year, according to reports. As part of the expansion, it is investing more than £35m in ar
Read moreTuesday broker round-up UPDATE
20th Nov 2012 07:17
Beowulf Mining: Seymour Pierce initiates coverage with a buy recommendation and a target price of 18p. Berkeley Group: JP Morgan raises target price from 1616p to 1620p, overweight rating kept. Blinkx: Citigroup downgrades from buy to neutral. Compass Group: Investec raises target price from 740p
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