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Thursday tips round-up: RBS, Icap

Thursday tips round-up: RBS, Icap

Wed, 01 October 2014

The speech delivered by the RBS boss at this year's Merrill Lynch banking conference, in London, was far more upbeat than the one delivered by his predecessor Fred Goodwin, in 2008, during the start o... [more]

Sector movers: Sainsbury leads market lower on strong trading volume

Sector movers: Sainsbury leads market lower on strong trading volume

Wed, 01 October 2014

Grocers led the market lower as the news-flow surrounding the sector continued to be intensely negative, with investors' worries seemingly cristalysing as shares of Tesco continued to slide lower. Tha... [more]

Central Asia Metals NXD sells 10 days before ex-divi date

Central Asia Metals NXD sells 10 days before ex-divi date

Wed, 01 October 2014

Robert Cathery, a non-executive director of AIM miner Central Asia Metals sold £2.6m of shares at a price of 168.75p, a few days after the company put out its interim results and 10 days before the sh... [more]

Thursday preview: ECB meets amid QE bets

Thursday preview: ECB meets amid QE bets

Wed, 01 October 2014

European Central Bank (ECB) meets on Thursday amid pressure to boost stimulus measures to address low inflation and weak economic growth in the euro-area. With inflation sitting well below the ECB's t... [more]

Broker tips: Sainsbury, Royal Mail

Broker tips: Sainsbury, Royal Mail

Wed, 01 October 2014

Sainsbury's mixed second-quarter results and plans for a no-stone-unturned strategic review have led broker Shore Capital to downgrade its earnings and dividend forecasts, and an "uncomfortable hold" ... [more]

Shore Cap slashes Sainsbury's earnings and dividend forecasts

Wed, 01 October 2014

Sainsbury's mixed second-quarter results and plans for a no-stone-unturned strategic review have led broker Shore Capital to downgrade its earnings and dividend forecasts, and an "uncomfortable hold" ... [more]

UBS upgrades Royal Mail to 'neutral'

Wed, 01 October 2014

The news-flow surrounding the mail and parcel delivery sector of late has been quite negative, and merits marking down forecasts for Royal Mail, but the headwinds facing the company are baked into the... [more]

Royal Mail still a 'buy' at Shore Capital

Wed, 01 October 2014

Letters and parcels group Royal Mail is facing multiple headwinds but there is long-term value to be found in the stock, analysts at Shore Capital believe. Indeed, evidence from sector peers shows tha... [more]

Wednesday broker round-up UPDATE

Wed, 01 October 2014

African Minerals: Canaccord Genuity reduces target price from 150p to 20p downgrading to hold. Avingtrans: FinnCap upgrades from hold to buy with a target price of 155p. Balfour Beatty: JP Morgan low... [more]

Market overview: US private sector created 213,000 jobs in September

Wed, 01 October 2014

1315: The US private sector created 213,000 jobs in September (consensus: 202,000). 1312: Some reports claim a second case of Ebola has been detected in the US. 1311: Three-month copper futures are... [more]

Broker tips: BAE Systems, Associated British Foods, Tesco

Tue, 30 September 2014

Shares of aerospace engineer BAE Systems have run up by 12% relative to the Footsie over the past quarter, but it's time to sell, say analysts at Westhouse Securities. Thus, the firm can be expected t... [more]

Westhouse Securities reiterates 'sell' recommendation on BAE Systems

Tue, 30 September 2014

Shares of aerospace engineer BAE Systems have run up by 12% relative to the Footsie over the past quarter, but it's time to sell, say analysts at Westhouse Securities. Thus, the firm can be expected t... [more]

Credit Suisse upgrades Associated British Foods to 'outperform'

Tue, 30 September 2014

As emerging market economies continue to slow and the developed world takes centre stage it is hard to find a better structural growth story than Primark, analysts at Credit Suisse explained to client... [more]

TSB chairman opens account

Tue, 30 September 2014

Chairman of recently listed banking group TSB, Will Samuel, has added £118,959-worth of shares in the banking group. The 280.10p-a-share deal represents Samuel's first purchase in the group. Lloyds... [more]

Recent profit warning puts Tesco's credit metrics into 'junk' territory

Tue, 30 September 2014

For analysts at Nomura the latest 'profit warning' from Tesco puts that company's credit metrics effectively into 'junk' territory, as per a research note issued on 29 September. As regards the compan... [more]

Wednesday preview: Sainsbury releases second quarter results

Tue, 30 September 2014

Sainsbury will take to the podium with its latest interim results on Wednesday. Like the other 'Big Four' UK supermarkets, the company has come under pressure as it has lost market share to discounter... [more]

Tuesday broker round-up UPDATE

Tue, 30 September 2014

Aberdeen: Goldman Sachs ups target price from 540p to 560pp retaining a buy recommendation. African Barrick Gold: Deutsche Bank moves target price from 270p to 280p and reiterates a hold recommendatio... [more]

Market overview: US consumer confidence dips more than expected

Tue, 30 September 2014

1600: The Conference Board's index of US consumer confidence fell to 86 in September from a post-recession high of 93.4 in August, below the consensus of 92.4, led by lower expectations of the economi... [more]

Tuesday tips round-up: Balfour Beatty, Compass

Tue, 30 September 2014

Infrastructure and engineering contractor Balfour Beatty's latest figures revealed the danger inherent in chasing large numbers of small contracts, particularly in the low margin world of construction... [more]

Broker tips: Pearson, Balfour Beatty, Petrofac

Mon, 29 September 2014

Publishing group Pearson has its long-term attractions but faces immediate trading and execution risks, with the resulting trade-off more than reflected in its current valuation, Westhouse Securities ... [more]

Westhouse Securities initiates coverage of Pearson at 'sell'

Mon, 29 September 2014

Publishing group Pearson has its long-term attractions but faces immediate trading and execution risks, with the resulting trade-off more than reflected in its current valuation, Westhouse Securities ... [more]

Mothercare directors dig deep to support rights issue

Mon, 29 September 2014

Mothercare directors have bought shares following the launch of a rights issue a week earlier. The group, which has seen its shares fall more than 30% in the year-to-date, called on shareholders to ba... [more]

Balfour Beatty is impossible to value at present, Westhouse says

Mon, 29 September 2014

Balfour Beatty is impossible to value at present. The problem contracts at the comparatively "tiny" Engineering services unit within the company's UK construction arm are a "potential black hole" whic... [more]

Credit Suisse ups Petrofac to 'outperform'

Mon, 29 September 2014

Shares of oilfield services firm Petrofac have been de-rated too far while the outlook is still robust, even when accommodation is made for some of the company's weaknesses. The stock is now at a four... [more]

Monday broker round-up UPDATE

Mon, 29 September 2014

Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 430p and stays with its hold recommendation. Numis upgrades from hold to add with a target price of 455p. Balfour Beatty: We... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Royal Mail 399.70 1.91 16:43
Imperial Tobacco Group 2,679.00 0.56 17:07
Schroders 2,404.00 0.54 16:49
Intertek Group 2,631.00 0.38 17:07
G4S 251.60 0.36 16:59

FTSE 100 Top Fallers

Name Last Chg.% Time
Sainsbury (J) 234.00 -6.96 17:03
Morrison (Wm) Supermarkets 159.90 -4.99 16:41
BG Group 1,093.00 -4.12 17:07
Tesco 180.20 -3.22 17:05
Johnson Matthey 2,825.00 -3.22 17:09