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Market Buzz News

Market buzz

Travel&Leisure stocks pace gains, miners drop

Travel&Leisure stocks pace gains, miners drop

Fri, 27 May 2016

(ShareCast News) - Travel&Leisure stocks paced gains on the top flight index at the end of the week, against a backdrop of falling crude oil prices and a perceived reduction in the risk that Britons w... [more]

Friday broker round-up

Friday broker round-up

Fri, 27 May 2016

(ShareCast News) - B&M European Value: Retail Jefferies reiterates buy with a 330p target and Citigroup keeps at buy with a target of 345p. Standard Life: Jefferies stays at buy with a 403p target. U... [more]

Friday newspaper share tips: Daily Mail and General Trust, Babcock International

Friday newspaper share tips: Daily Mail and General Trust, Babcock International

Fri, 27 May 2016

(ShareCast News) - Shares in Daily Mail and General Trust may turn out to be oddly cheap when the company's media revenue curve turns upwards, argues the Financial Times' Lex column. DMGT has a strate... [more]

Directors dealings: Activist investor Bramson tops up stake in Electra

Directors dealings: Activist investor Bramson tops up stake in Electra

Fri, 27 May 2016

(ShareCast News) - Electra boss Edward Bramson picked up another large slice of shares in the listed private equity outfit on the same day of his appointment as interim chief executive officer of the ... [more]

Broker tips: M&S, Capita, Softcat

Broker tips: M&S, Capita, Softcat

Fri, 27 May 2016

(ShareCast News) - Societe Generale downgraded Marks & Spencer to 'hold' from 'buy' and cut the price target to 424p from 545p following the retailer's full-year results earlier in the week. The Frenc... [more]

BofA-Merrill Lynch upgrades Travel&Leisure stocks

Fri, 27 May 2016

(ShareCast News) - Strategists at Bank of America-Merrill Lynch re-shuffled their sector stock allocations after the strong performance put in by Industrial Goods & Services and as the risks surroundi... [more]

SocGen cuts M&S but says worth holding onto for dividend yield

Fri, 27 May 2016

(ShareCast News) - Societe Generale downgraded Marks & Spencer to 'hold' from 'buy' and cut the price target to 424p from 545p following the retailer's full-year results earlier in the week. The Frenc... [more]

Exane flags concerns around earnings quality at Capita

Fri, 27 May 2016

(ShareCast News) - The quality of Capita´s earnings is weak and both on and off-balance sheet liabilities continue to rise, analysts at Exane BNP Paribas said. In particular, analysts George Gregory a... [more]

Berenberg starts Softcat at 'buy'

Fri, 27 May 2016

(ShareCast News) - Berenberg initiated coverage of Softcat, which provides IT infrastructure to corporate and public sector organisations, with a 'buy' rating and a 425p price target. The bank said th... [more]

Friday newspaper round-up: Brexit, Hinkley Point, Sports Direct, BHS

Fri, 27 May 2016

(ShareCast News) - G7 leaders warned on Friday that a British vote to leave the EU next month would seriously threaten the world economy, as they promised "more forceful" policies to boost global grow... [more]

Homebuilders, miners buoy stockmarket

Thu, 26 May 2016

(ShareCast News) - Mobile Telecoms firms paced Thursday´s advancers in terms of percentage gainers but it was gains for the major homebuilders and miners that provided the greatest support to the mark... [more]

Severn Trent maintained at 'overweight' by JPMorgan Cazenove

Thu, 26 May 2016

(ShareCast News) - Severn Trent has had its 'overweight' rating maintained by JPMorgan Cazenove, which said it sees further upside potential for the shares as it hiked its target price. It said the re... [more]

Thursday newspaper share tips: Dixons Carphone, Serco

Thu, 26 May 2016

(ShareCast News) - Dixons Carphone's drive to close its weakest stores helped its comparable-stores sales growth in the April quarter, but there is much more to its success, writes the Financial Times... [more]

Thursday broker round-up

Thu, 26 May 2016

(ShareCast News) - Great Portland States: Jefferies downgrades to underperform with a 650p target. Electrocomponents: RBC upgrates to sector perform with a 270p target. Marks & Spencer: Jefferies dow... [more]

Director dealings: Ex-Asos CEO Robertson sells shares to fund divorce

Thu, 26 May 2016

(ShareCast News) - Asos's ex-chief executive Nick Robertson has dumped 1.3m shares at 3,525p on Thursday in order to fund an expensive divorce. Roberston, now a non-executive director, completed an ac... [more]

Friday preview: Yellen may refrain from policy remarks

Thu, 26 May 2016

(ShareCast News) - On an otherwise quiet Friday for UK stocks and data, traders eyes should swivel firmly across the Atlantic as Federal Reserve chair Janet Yellen speaks amid newly heightened anticip... [more]

Exane upgrades Barclays, says the fog is lifting

Thu, 26 May 2016

(ShareCast News) - Exane BNP Paribas upgraded Barclays to 'outperform' from 'neutral' and lifted the price target 19% to 220p, having already upped the stock two weeks ago, saying things were looking ... [more]

UBS downgrades Melrose following strong performance

Thu, 26 May 2016

(ShareCast News) - UBS downgraded Melrose Industries to 'neutral' from 'buy' with an unchanged price target of 385p following the recent strong performance, saying the next deal is more reflected in t... [more]

RBC upgrades Electrocomponents on improvement potential

Thu, 26 May 2016

(ShareCast News) - RBC Capital Markets upgraded Electrocomponents to 'sector perform' from 'underperform' and lifted the price target to 270p from 185p, saying downside is limited. The Canadian bank p... [more]

Market overview: US Atlanta Fed pegs Q2 GDP growth at 2.9%

Thu, 26 May 2016

(ShareCast News) - 1551: The Atlanta Fed´s GDPNow tracking estimate for the second quarter has been revised higher from 2.5% to 2.9%. 1500: The US pending home sales index jumped 5.10% month-on-mont... [more]

Broker tips: Barclays, Melrose, Electrocomponents

Thu, 26 May 2016

(ShareCast News) - Exane BNP Paribas upgraded Barclays to 'outperform' from 'neutral' and lifted the price target 19% to 220p, having already upped the stock two weeks ago, saying things were looking ... [more]

Thursday newspaper round-up: Lloyds, Tata Steel, BHS

Thu, 26 May 2016

(ShareCast News) - Shares in Lloyds Banking Group have passed the level at which taxpayers break even on their stake in the bailed-out bank for the first time this year. The move through 73.6p will be... [more]

Financials, big oil, miners pace gains in London

Wed, 25 May 2016

(ShareCast News) - Financials and big oil continued to power ahead at the middle of the week as the threat from two of the market´s most recent bugbears appeared to receed a little. On Wednesday, Athe... [more]

Broker tips: Tesco, Mitchells & Butlers, CRH

Wed, 25 May 2016

(ShareCast News) - Calculating that Tesco's sales performance at larger stores is likely to be worse than reported and that margins should be "permanently rebased lower", Credit Suisse has cut its ear... [more]

Director dealings: Coca-Cola private equity backers can shares

Wed, 25 May 2016

(ShareCast News) - Coca-Cola HBC directors Anastasios and Christo Leventis, major shareholders connected with the New Argen private equity group, confirmed they had sold £15.4m worth of shares. Christ... [more]