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Tuesday preview: Next, GKN and BP to report earnings

Mon, 28 July 2014

Next may on Tuesday report second quarter sales growth towards the upper end of guidance, according to estimates by Numis. The UK retailer reported a 10.8% increase in Brand sales in the first 13 wee... [more]

Market overview: FTSE 100 lower after quiet start to the week

Mon, 28 July 2014

1630: Close The FTSE 100 fell 3.48 points to 6788.07 following a quiet start to the week with very few economic releases out. Reports in the UK showed a slowing down in the housing market, while figur... [more]

Anglo American trucks at Kolomela iron ore mine

Sector movers: Industrial metal and mining stocks slump

Mon, 28 July 2014

Industrial metal and mining stocks dragged on the market on Monday as data showed gold purchases by China fell 19% in the first six months of the year. Gold futures expected to decline in July after ... [more]

Cars

New Vertu Motors Chairman opens account

Mon, 28 July 2014

The newly appointed Chairman at Vertu Motors, Peter Jones, has bought £171,000 worth of shares in the new and used car dealer. Jones, who will officially take up the role at the start of 2015, p... [more]

Monday broker round-up UPDATE

Mon, 28 July 2014

African Barrick Gold: UBS ups target price from 260p to 290p and maintains a buy recommendation. Deutsche Bank cuts target price from 300p to 280p and reiterates a buy recommendation. Anglo American:... [more]

Broker tips: African Barrick Gold, RBS, Reckitt Benckiser

Mon, 28 July 2014

African Barrick Gold (ABG) delivered a brilliant performance during its second quarter and first half of the year, with accelerating free cash flow generation set to drive a re-rating of the shares, a... [more]

UBS sees free cash flows accelerating at African Barrick Gold

Mon, 28 July 2014

African Barrick Gold (ABG) delivered a brilliant performance during its second quarter and first half of the year, with accelerating free cash flow generation set to drive a re-rating of the shares, a... [more]

Innovation and investment still in play at Reckitt Benckiser, says Hargreaves Lansdown

Mon, 28 July 2014

Reckitt Benckiser's first half results were "broadly in line", according to Hargreaves Lansdown. The household goods group reported revenue at constant exchange rates rose 3% to £2.3bn on a simi... [more]

Credit Suisse ups RBS price target but retains underperform

Mon, 28 July 2014

Royal Bank of Scotland (RBS) is progressing better than expected on the run-down of the assets of its non-core RBS Capital Resolution (RCR) arm, but its valuation already captures the "steady state" p... [more]

Jefferies says drug flotation plan takes shine off Reckitt Benckiser results

Mon, 28 July 2014

Uncertainty surrounding a decision by Reckitt Benckiser to de-merge its drug arm has taken the shine off strong first-half results from the household goods group, broker Jefferies said. Reckitt, whos... [more]

Monday newspaper round-up: Smith&Nephew, Housing market, Barclays

Mon, 28 July 2014

Medical device maker Smith&Nephew Chief Executive Olivier Bohuon expects the consolidation process in his industry to continue given that companies need to adjust their cost base. As for him, he d... [more]

Sunday newspaper round-up: Home Retail, strong pound, Lloyds Banking Group

Sun, 27 July 2014

Home Retail Group is considering a sale of its £1.5bn Homebase DIY chain, the Mail on Sunday said. Home Retail wants to concentrate on its core Argos business under new group Chief Executive John... [more]

Sunday share tips: BG Group, BSkyB, Firestone Diamonds

Sun, 27 July 2014

Sell shares of BG Group, Danny Fortson recommended in the Sunday Times. The shares were the best performers in the European oil industry in the second quarter of this year despite the absence of a Chi... [more]

Market overview: FTSE ends lower after IMF downgrade

Fri, 25 July 2014

1630: Close The FTSE 100 finished down 29.91 points to 6791.55 after the International Monetary Fund (IMF) cut its forecast for world growth. The IMF lowered its global growth predictions, down from t... [more]

Spirit Pub non-exec increase stake by a third

Fri, 25 July 2014

Tony Rice, a non-executive director of Spirit Pub Company, has bought £152,506-worth of shares, increasing his stake by around a third. The addition of the 206,984 shares, which were bought at 7... [more]

Sector movers: Electronic and real estate stocks slide

Fri, 25 July 2014

Real estate stocks declined, led by Hammerson and British Land, after a report showed UK house prices grew at the slowest pace in 18 months in July. Hometrack said property prices increased by 0.1% t... [more]

Pearson's valuation 'not cheap', says Investec

Fri, 25 July 2014

Investec said Pearson's valuation is "not cheap", given the challenges the company faces after the owner of the Financial Times reported a fall in half-year profit. The publishing group said on Frida... [more]

Friday broker round-up UPDATE

Fri, 25 July 2014

African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to ad... [more]

BSkyB's deal with Fox presents challenge, says Hargreaves Lansdown

Fri, 25 July 2014

British Sky Broadcasting Group's (BSkyB) annual results were overshadowed on Friday by its deal with to acquire 21st Century Fox's holdings in Sky Italia and Sky Deutschland. The company buying the e... [more]

Newspaper roundup: Royal Mail, Balfour Beatty

Fri, 25 July 2014

Royal Mail has hinted at legal action unless regulator Ofcom stops rival TNT Post UK "cherry-picking" its most lucrative mail delivery services. At the first annual shareholders' meeting in Royal Mail... [more]

Market overview: FTSE closes up 22 at 6,821

Thu, 24 July 2014

1630: Close London-listed stocks ended the day higher following a relatively steady morning of gains and a slight dip mid afternoon. The lift was driven in part by retail sales data and positive comme... [more]

Land Securities director acquires 10,000 shares

Thu, 24 July 2014

Cressida Hogg, a Non-Executive Director of Land Securities, has spent £105,000 on 10,000 shares in the real estate investment trust. The purchase marks her only stake in the company. Meanwhile,... [more]

Friday preview: BSkyB expected to announce Sky Europe deal

Thu, 24 July 2014

British Sky Broadcasting (BSkyB) will be in focus on Friday as it is expected to confirm a £10bn deal to create Sky Europe as it releases its full-year results. The company is said to be buying ... [more]

Sector movers: Banks rise on Fitch comments, accounting change

Thu, 24 July 2014

Upbeat comments from Fitch and changes in accounting standards gave the UK-listed banking sector a boost on Thursday. HSBC was the standout performer in afternoon trade, rising 2.4%, while Barclays a... [more]

Thursday broker round-up UPDATE

Thu, 24 July 2014

Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
British Sky Broadcasting Group 904.50 3.43 16:35
Reckitt Benckiser Group 5,205.00 2.66 16:59
Fresnillo 940.00 2.12 16:59
Pearson 1,153.00 1.86 17:07
HSBC Holdings 630.90 1.48 17:07

FTSE 100 Top Fallers

Name Last Chg.% Time
Aberdeen Asset Management 435.00 -5.31 16:47
Royal Bank of Scotland Group 352.00 -3.35 17:11
Kingfisher 295.80 -2.89 17:09
Royal Mail 430.00 -2.52 17:07
Smith & Nephew 1,033.00 -2.27 17:11