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HSBC reiterates 'buy' but cuts target price on Jimmy Choo

HSBC reiterates 'buy' but cuts target price on Jimmy Choo

Fri, 01 July 2016

(ShareCast News) - HSBC maintained its 'buy' rating on Jimmy Choo on Friday, after the luxury shoe maker said it was off to a good start to the year. In Jimmy Choo's 15 June trading update, it said ha... [more]

Telecom plus upgraded to 'sector perform' from 'underperform' by RBC

Telecom plus upgraded to 'sector perform' from 'underperform' by RBC

Fri, 01 July 2016

(ShareCast News) - Utility group Telecom plus was upgraded to 'sector perform' from 'underperform' and had its target price raised to 1,050p from 850p by RBC Capital Markets on Friday. RBC said it bel... [more]

Friday newspaper round-up: BoE, BHS, Heathrow

Friday newspaper round-up: BoE, BHS, Heathrow

Fri, 01 July 2016

(ShareCast News) - The governor of the Bank of England sent bond yields to fresh record lows and the pound sliding after he signalled more quantitative easing and indicated interest rates would be cut... [more]

Broker tips: Centrica, Travis Perkins, Reckitt Benckiser

Broker tips: Centrica, Travis Perkins, Reckitt Benckiser

Thu, 30 June 2016

(ShareCast News) - Centrica's 'outperform' rating was left unchanged by RBC Capital Markets on Thursday but the British Gas owner's target price was cut to 250p from 280p. RBC said it advocates Centri... [more]

Insurers and miners pace gains

Insurers and miners pace gains

Thu, 30 June 2016

(ShareCast News) - Insurers and miners helped the Footsie outperform on Thursday after Fitch reaffirmed its constructive view on Prudential and an upbeat reserch note out of Credit Suisse helped to bo... [more]

Credit Suisse restarts Glencore at outperform, raises target on Anglo American

Thu, 30 June 2016

(ShareCast News) - Credit Suisse gave the mining sector a boost on Thursday as the broker raised its projections for the average price of some key base base and precious metals, while re-jigging its t... [more]

Friday preview: Brexit, economic data dominate agenda

Thu, 30 June 2016

(ShareCast News) - Away from the Brexit madness, traders will be kept busy with a slate of economic data on Friday. Chinese manufacturing data, both private and official figures, will be among the raf... [more]

JP Morgan downgrades Reckitt Benckiser after strong run in share price

Thu, 30 June 2016

(ShareCast News) - Analysts at JP Morgan downgraded their recommendation on shares of Reckitt Benckiser, arguing that the boycott on its goods in South Korea would weigh on the group“s rate of growth ... [more]

Director dealings: New Costain chairman makes first purchase

Thu, 30 June 2016

(ShareCast News) - Costain's newly appointed chairman Paul Golby purchased more than £111,000 worth of shares in the engineer on the day it released strong first-half trading update. Golby, former... [more]

Berenberg downgrades Travis Perkins on Brexit uncertainty

Thu, 30 June 2016

(ShareCast News) - Berenberg downgraded builders' merchant and home improvement retailer Travis Perkins to 'hold' from 'buy' and slashed the price target to 1,540p from 2,300p pointing to effect of Br... [more]

RBC Capital reiterates 'outperform' rating on Centrica

Thu, 30 June 2016

(ShareCast News) - Centrica's 'outperform' rating was left unchanged by RBC Capital Markets on Thursday but the British Gas owner's target price was cut to 250p from 280p. RBC said it advocates Centri... [more]

Thursday newspaper round-up: Theresa May, City hiring, BT, MyLocal

Thu, 30 June 2016

(ShareCast News) - Theresa May will on Thursday launch her bid to become prime minister with a promise to restore business confidence and stability to a country reeling from last week's Brexit vote. T... [more]

Wednesday newspaper share tips: Redrow, Legal&General, Aviva

Wed, 29 June 2016

(ShareCast News) - Unless we are heading for some sort of huge housing crisis, shares of many homebuilders are still attractive, with stock in Redrow being a particular case in point, while several ot... [more]

Life insurers, oil stocks boost indices

Wed, 29 June 2016

(ShareCast News) - Life insurers jumped on Wednesday on the heels of positive broker comment and supportive remarks from some ex-officials regarding the fall-out, or not, for the sector as a result of... [more]

Wednesday broker round-up

Wed, 29 June 2016

(ShareCast News) - Petrofac: Jefferies upgrades to buy with a target price of 835p and Societe Generale stays at buy with a target price of 921p. Thomas Cook: JP Morgan keeps at neutral with a 101p ta... [more]

Director dealings: Crook adds to Provident holding after shares drop 20pct

Wed, 29 June 2016

(ShareCast News) - Provident Financial chief executive Peter Crook spent £0.57m on shares in the non-standard lender after they lost a fifth of their value in the fallout from the Brexit result. Crook... [more]

BofA ML upgrades Burberry on weak sterling, valuation

Wed, 29 June 2016

(ShareCast News) - Fashion house Burberry racked up healthy gains on Wednesday as analysts suggested it would benefit from sterling weakness. Bank of America Merrill Lynch upgraded the stock to 'buy' ... [more]

Thursday preview: UK GDP, Eurozone inflation in focus

Wed, 29 June 2016

(ShareCast News) - UK economic growth data and eurozone inflation figures will be in focus on Thursday. The final estimate of UK gross domestic product from the Office for National Statistics is expec... [more]

Broker tips: Ocado, Prudential, Shawbrook

Wed, 29 June 2016

(ShareCast News) - Shares in Ocado gave up much of Tuesday's gains as further downgrades were made to forecasts for the current year by Barclays and Exane BNP Paribas. Following an analysts meeting on... [more]

Shawbrook bounces back with help from Credit Suisse note

Wed, 29 June 2016

(ShareCast News) - Shawbrook shares surged back 23% higher on Wednesday morning, helped by comments from Credit Suisse that the reaction to the UK's vote to leave the European Union which had seen the... [more]

Prudential is top pick among European insurers, says Barclays

Wed, 29 June 2016

(ShareCast News) - Barclays reiterated an 'overweight' rating and target price of 1609p on Prudential, saying the insurer is a "strong high quality business and the double digit growth story is intact... [more]

Ocado falls back as brokers cut forecasts but see 'limited' Amazon threat

Wed, 29 June 2016

(ShareCast News) - Shares in Ocado gave up much of Tuesday's gains as further downgrades were made to forecasts for the current year by Barclays and Exane BNP Paribas. Following an analysts meeting on... [more]

Wednesday newspaper round-up: Pensions, Vodafone, BHS, Port Talbot

Wed, 29 June 2016

(ShareCast News) - There was something different about David Cameron's last EU supper. The mood was good-tempered, the jibes few and far between, the atmosphere sober but for the occasional laugh. Eme... [more]

Tuesday broker round-up:

Tue, 28 June 2016

(ShareCast News) - Just Eat: Goldman Sachs reiterates buy with a target price of 670p. G4S: Credit Suisse keeps at outperform with a 210p target. Bellway: Goldman Sachs keeps at neutral with a target... [more]

Some UK property stocks may be approaching oversold levels, JP Morgan says

Tue, 28 June 2016

(ShareCast News) - Inactivity bred by the uncertainty after Brexit would create material headwinds for UK property stocks, but even after factoring-in 30% declines in capital values over the coming th... [more]