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Market buzz

Capital Economics sees limited upside for FTSE 100 in 2017 (and next)

Capital Economics sees limited upside for FTSE 100 in 2017 (and next)

Fri, 23 June 2017

(ShareCast News) - The UK economy's performance will continue to exceed forecasts but multiple headwinds will just about brake any further gains in the FTSE 100 in 2017, analysts at one of the City's ... [more]

London close: FTSE labours through Friday as sterling gains on underwhelming dollar

London close: FTSE labours through Friday as sterling gains on underwhelming dollar

Fri, 23 June 2017

(ShareCast News) - Stocks in London laboured through Friday as sterling made gains against an underwhelming US dollar a day after PM Theresa May met with European leaders in Brussels. The FTSE 100 c... [more]

Broker tips: Centrica, Royal Dutch Shell, Domino's Pizza

Broker tips: Centrica, Royal Dutch Shell, Domino's Pizza

Fri, 23 June 2017

(ShareCast News) - JP Morgan Cazenove lifted Centrica to 'neutral' from 'underweight' and upped the price target to 205p from 180p, noting that the worst case scenario was now off the table after the ... [more]

Fridge fire started Grenfell blaze as police confirm cladding failed safety tests

Fridge fire started Grenfell blaze as police confirm cladding failed safety tests

Fri, 23 June 2017

(ShareCast News) - The Grenfell Tower blaze which has left at least 79 people dead was the result of a fridge fire, Metropolitan Police confirmed on Friday. The Met also confirmed that the cladding us... [more]

Credit Suisse boosts 'Blue Sky' target price on meaner, leaner, fitter Shell

Credit Suisse boosts 'Blue Sky' target price on meaner, leaner, fitter Shell

Fri, 23 June 2017

(ShareCast News) - A "meaner, leaner and fitter" Royal Dutch Shell may emerge as soon as the outfit's second quarter results, with positive implications for its dividend, said analysts at Credit Suiss... [more]

Friday broker round-up

Fri, 23 June 2017

(ShareCast News) - Bae Systems: JPMorgan downgrades to Neutral with a target price of 685p. Centrica: JPMorgan upgrades to Neutral with a target price of 205p. Domino's Pizza: Berenberg downgrades to... [more]

JPMorgan upgrades Centrica as energy price cap now looks unlikely

Fri, 23 June 2017

(ShareCast News) - JP Morgan Cazenove lifted Centrica to 'neutral' from 'underweight' and upped the price target to 205p from 180p, noting that the worst case scenario was now off the table after the ... [more]

Domino's shares not so tasty as Berenberg highlights mounting risks

Fri, 23 June 2017

(ShareCast News) - Shares in Domino's Pizza were looking less than tasty on Friday after Berenberg cut its stance on the stock to 'hold' from 'buy' and chopped the price target to 325p from 400p, sayi... [more]

Friday newspaper round-up: Hinkley Point, Halfords Boss, oil prices

Fri, 23 June 2017

(ShareCast News) - Generations of British consumers have been locked into a "risky and expensive" project by the UK's subsidy deal for a new nuclear power station at Hinkley Point in Somerset, accordi... [more]

London close: FTSE scrapes along as PM takes her Brexit show to Brussels

Thu, 22 June 2017

(ShareCast News) - The FTSE scraped along to a lower close as PM Theresa May looked took her Brexit and hung-parliament show to Brussels. May's hopes of boosting her bargaining power at the Brexit tab... [more]

Commodities: Crude gets a Thursday fillip higher, but downside risk remains

Thu, 22 June 2017

(ShareCast News) - Prices of crude oil got a Thursday fillip higher as investors took some note of recent falls in US inventories, but nonetheless remain mindful of the black liquid's potential for fu... [more]

Sector movers: Diageo weighs on Beverages after costly takeover of Casamigos

Thu, 22 June 2017

(ShareCast News) - Pharma and Industrial engineering shares are at the top of the leaderboard amid supportive news-flow and broker commentary. Shire was pacing gains in the former after the Dublin-bas... [more]

Broker tips: StanChart, Lloyds, Miners, Ultra Electronics

Thu, 22 June 2017

(ShareCast News) - Goldman Sachs stuck to a 'buy' recommendation on StanChart and 'sell' on Lloyds and Barclays after adjusting its earnings estimates for the sector to reflect recent market developme... [more]

Goldman positive on StanChart but stays at sell on Barclays and Lloyds

Thu, 22 June 2017

(ShareCast News) - Goldman Sachs stuck to a 'buy' recommendation on StanChart and 'sell' on Lloyds and Barclays after adjusting its earnings estimates for the sector to reflect recent market developme... [more]

Deutsche Bank cautious on EMEA miners, Rio Tinto still top-pick

Thu, 22 June 2017

(ShareCast News) - Deutsche Bank reiterated a 'neutral' view on the European, Middle East & Asia mining sector, telling clients they were cautious given the modest deterioration seen in macro indicato... [more]

Ultra Electronics meaningfully undervalued, Investec says

Thu, 22 June 2017

(ShareCast News) - Analysts at Investec reiterated their recommendation on Ultra Electronics, telling clients the shares were "meaningfully" undervalued with momentum in the company's orders set to co... [more]

Friday preview: Eurozone and US flash PMIs to give early GDP growth reading

Thu, 22 June 2017

(ShareCast News) - The UK corporate diary is all but empty on Friday, with most financial events happening away on foreign shores, with first 'flash' readings of June surveys for the eurozone and US. ... [more]

Thursday broker round-up

Thu, 22 June 2017

(ShareCast News) - Rotork: Morgan Stanley double upgrades to Overweight with a target price of 292p. Centrica: HSBC upgrades to Hold with a target price of 202p. National Grid: HSBC downgrades to Hol... [more]

Thursday newspaper round-up: Brexit, Google and Facebook, Diageo, SFO

Thu, 22 June 2017

(ShareCast News) - The price of British strawberries could rise by more than a third if the UK cannot ensure access to European workers after Brexit, farmers have warned. Producers have called on the ... [more]

Thursday preview: CBI survey to ease, Saga and Chemring report

Wed, 21 June 2017

(ShareCast News) - Thursday should be a quieter day on the UK financial calendar, with the CBI industrial trends survey providing macroeconomic data and little in the way of scheduled results apart fr... [more]

Broker tips: Capita, Oxford Instruments, Shell, BP

Wed, 21 June 2017

(ShareCast News) - HSBC upgraded Capita to 'buy' from 'hold', despite the question marks surrounding its complex business model. In a letter to the thus far yet to be named incoming chief executive of... [more]

Barclays hails Oxford Instruments's increased focus, ups target

Wed, 21 June 2017

(ShareCast News) - Analysts at Barclays revised their target price for Oxford Instruments's shares higher, hailing recent moves on its portfolio of businesses and balance sheet. The decision to sell i... [more]

Keep it simple, HSBC tells Capita as it upgrades to a 'buy'

Wed, 21 June 2017

(ShareCast News) - HSBC upgraded Capita to 'buy' from 'hold', despite the question marks surrounding its complex business model. In a letter to Capita's yet-to-be-named new chief executive, HSBC stres... [more]

Wednesday broker round-up

Wed, 21 June 2017

(ShareCast News) - Capita: HSBC upgrades to Buy with a target price of 820p. Paddy Power Betfair: JPMorgan initiates at Neutral with a target price of 8420p. Ladbrokes Coral: JPMorgan initiates with ... [more]

Macquarie downgrades BP, prefers Total, Galp

Wed, 21 June 2017

(ShareCast News) - The world's oil majors have made substantial progress in boosting their ability to make profits even in a low oil price environment, but low prices were set to strain their finances... [more]