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Ladbrokes chairman shows faith after shares fall

Ladbrokes chairman shows faith after shares fall

Fri, 24 October 2014

Peter Erskine, the chairman of gaming company Ladbrokes, on Friday lifted his holding in the bookmaker one day after it pulled out of its operations in Canada following tighter regulations on UK licen... [more]

Shore Capital may cut its Tesco forecasts after downbeat H1 results

Shore Capital may cut its Tesco forecasts after downbeat H1 results

Fri, 24 October 2014

Shore Capital may downgrade Tesco's financials further after the struggling supermarket failed to give any profit guidance in its first half results this week. Tesco said on Thursday that a black hole... [more]

Shorecap reviews C&C 'buy' after Spirit rebuffs approach

Shorecap reviews C&C 'buy' after Spirit rebuffs approach

Fri, 24 October 2014

Shore Capital is putting its 'buy' advice on C&C under review after the Irish drinks group said it was in talks about a possible counter-bid for Spirit Pub Company. C&C said on Friday that it was cons... [more]

Sector movers: Fixed-line telecoms fall as broker downgrades hit BT, Talktalk

Sector movers: Fixed-line telecoms fall as broker downgrades hit BT, Talktalk

Fri, 24 October 2014

Fixed-line telecom stocks were the worst performers in London on Friday as broker downgrades weighed on heavyweight constituents BT Group and Talktalk. BT, by far the largest stock in the sector with ... [more]

Broker tips: Shell, TSB, Pets at Home

Broker tips: Shell, TSB, Pets at Home

Fri, 24 October 2014

Recent falls in the share price of Royal Dutch Shell mean that the oil major is now worth a 'buy', according to UBS which removed its 'neutral' rating on the stock on Friday. "We contend that the sell... [more]

Investec hails mortgage prospects at TSB, says shares 'oversold'

Fri, 24 October 2014

Investec has repeated its 'buy' recommendation for TSB after a decent third quarter from the challenger bank, with the broker reiterating its excitement about prospects for "mortgage-led growth" in 20... [more]

UBS upgrades Shell after recent share-price weakness

Fri, 24 October 2014

Recent falls in the share price of Royal Dutch Shell mean that the oil major is now worth a 'buy', according to UBS which removed its 'neutral' rating on the stock on Friday. The bank has upgraded its... [more]

Friday broker round-up UPDATE

Fri, 24 October 2014

Advanced Medical Solutions: Oriel initiates with a target price of 135p and a buy recommendation. African Barrick Gold: JP Morgan moves target price from 300p to 310p maintaining its overweight rating... [more]

Oriel recommends investors 'sell' shares of Pets at Home despite Q2 beat

Fri, 24 October 2014

A second-quarter update from pet shop chain Pets at Home was received well by the market on Friday, though analysts at Oriel Securities kept a 'reduce' rating on the stock, recommending investors to "... [more]

Market overview: S&P downgrades Tesco

Fri, 24 October 2014

1550: Ratings agency S&P has downgraded Tesco's long-term credit ratings to BBB-. 1201: Shire reports 60% increase in third quarter earnings per share to $2.93. 1130: Following last night's annou... [more]

Friday tips round-up: Tesco, Unilever

Fri, 24 October 2014

Let's play a game, 'name that company'. It made £112m of pre-tax profit at the half stage of the year on £34bn of revenue. On top of that, sales have been on the decline everywhere over the last 18 mo... [more]

Bioventix directors put shares up for sale to give hungry investors opportunity to buy

Thu, 23 October 2014

Two senior Bioventix directors have sold shares in the antibody development group in order to meet investor demand, it said on Thursday. Non-executive chairman Ian Nicholson sold 8,000 shares, while c... [more]

Crunch time for retailers as Christmas looms large

Thu, 23 October 2014

Today's retail sales figures have had a deleterious effect on the sector, writes IG market analyst Christopher Beauchamp, with the shock drop in UK consumer confidence to a four-year low adding extra ... [more]

Tesco broker round-up - Barclays, Deutsche Bank, Shore Capital

Thu, 23 October 2014

There was a wide range of analyst reaction after Tesco unveiled interim results, with one commentator saying they contained "the worst performance in 40 years" as profit before tax bombed 92% to £112m... [more]

Credit Suisse sees high potential for IAG's short-haul routes

Thu, 23 October 2014

International airline carrier IAG is the most attractive play on business model 'convergence' in its sector Credit Suisse wrote on Thursday. The company has the scope to drive returns by tapping into ... [more]

Friday preview: Shire results, UK GDP on tap

Thu, 23 October 2014

Friday is set to be a quieter session in terms of company news - following a hectic morning on Thursday with results from a number of blue chips - though third-quarter numbers from pharmaceutical grou... [more]

Shorecap reviews Premier Foods after profit warning

Thu, 23 October 2014

Shore Capital is reviewing its advice to investors to buy Premier Foods shares after the Mr Kipling and Ambrosia rice group warned the City to expect profits at the lower end of hopes. Premier said sh... [more]

Charles Stanley says keep Unilever shares amid tough markets

Thu, 23 October 2014

Charles Stanley is advising investors to hold tight on Unilever shares for now after the Pot Noodle-to-Flora margarine group reported lower turnover due to currency volatility and said markets remaine... [more]

Broker tips: Rio Tinto, Tullow Oil, Foxtons

Thu, 23 October 2014

Investec hailed Thursday's announcement by mining group Rio Tinto that it has decided to extend the tenure of its chief executive officer (CEO) Sam Walsh and also its chief financial officer, saying i... [more]

Sector movers: Tesco's woes hit supermarket sector as shares tank

Thu, 23 October 2014

Tesco's highly-anticipated first-half results delivered a blow to the UK supermarket sector on Thursday despite profits coming in ahead of expectations, as analysts raised concerns about the struggles... [more]

Market overview: Footsie manages a positive finish

Thu, 23 October 2014

1630:Close UK stocks managed to end in the blue, but only slightly so. IAG led gains on the back of a price target upgrade out of Credit Suisse. GlaxoSmithKline was another standout gainer following y... [more]

Foxtons still a 'buy' despite profit warning, says Numis

Thu, 23 October 2014

Investors of Foxtons shouldn't be deterred by a profit warning from the estate agency group, says Numis Securities, which maintained its 'buy' rating after a sell-off in the shares on Thursday. Foxton... [more]

Westhouse highlights buying opportunity at Tullow despite mixed Kenyan update

Thu, 23 October 2014

Tullow Oil's share price dropped sharply on Thursday after the company reported a mixed exploration and appraisal update on Kenyan operations, though analysts at Westhouse Securities recommend investo... [more]

Extended contracts for Rio management welcomed by Investec

Thu, 23 October 2014

Investec hailed Thursday's announcement by mining group Rio Tinto that it has decided to extend the tenure of its chief executive officer (CEO) and chief financial officer (CFO), saying it provides ce... [more]

Thursday broker round-up UPDATE

Thu, 23 October 2014

Abcam: FinnCap moves target price from 390p to 400p keeping a hold recommendation. Anglo American: Investec places its target price (prev.: 1603p) under review keeping its buy recommendation. Arbuthn... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Shire Plc 4,050.00 3.98 17:14
Vodafone Group 200.50 1.85 17:14
Standard Chartered 1,115.00 1.46 17:02
Old Mutual 184.70 0.65 17:08
3i Group 379.60 0.56 17:00

FTSE 100 Top Fallers

Name Last Chg.% Time
Pearson 1,139.00 -2.57 17:02
G4S 251.00 -2.41 17:02
Anglo American 1,308.00 -2.39 17:08
Tullow Oil 494.60 -2.16 17:02
InterContinental Hotels Group 2,217.00 -1.90 17:08