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Market buzz

London close: FTSE 100 jabs higher as retail rebounds, sterling weakens

London close: FTSE 100 jabs higher as retail rebounds, sterling weakens

Mon, 22 May 2017

(ShareCast News) - Equities in London went for a jog higher on Monday, helped mostly by rebounding retail stocks and sterling weakness, the latter on the back of UK political turmoil surrounding the e... [more]

Deutsche Bank cuts targets on UK aerospace&defence names on pound strength

Deutsche Bank cuts targets on UK aerospace&defence names on pound strength

Mon, 22 May 2017

(ShareCast News) - Analysts at Deutsche Bank trimmed their earnings per share estimates and target prices for UK aerospace and defence names in light of the recent strength in the pound. The analyst... [more]

Sector movers: Defensives and consumer staples lead gains

Sector movers: Defensives and consumer staples lead gains

Mon, 22 May 2017

(ShareCast News) - Defensives and consumer staples paced gains at the start of the week, continuing with the trend which had been in place in recent weeks and months. Mobile Telecomunications was one ... [more]

Broker tips: Bunzl, Cairn Energy, Intertek

Broker tips: Bunzl, Cairn Energy, Intertek

Mon, 22 May 2017

(ShareCast News) - Jefferies downgraded its recommendation and target price on Bunzl due to concerns about momentum in the company's core margins and declining returns. That led analysts Will Kirkness... [more]

CS moves William Hill, Paddy Power to 'neutral' over regulatory risks

CS moves William Hill, Paddy Power to 'neutral' over regulatory risks

Mon, 22 May 2017

(ShareCast News) - Paddy Power Betfair was upgraded and William Hill downgraded as Credit Suisse revised its view of the UK bookmakers due to the regulatory environment. CS decided that the base case ... [more]

Tuesday preview: Severn Trent, eOne, Shaftesbury, Aveva

Mon, 22 May 2017

(ShareCast News) - In a fairly quiet day for economic data, between the latest election campaign u-turns and soundbites grab the headlines, companies scheduled to report results include water company ... [more]

Bryan Garnier downgrades Worldpay on recent share price run

Mon, 22 May 2017

(ShareCast News) - Bryan Garnier downgraded payments processor Worldpay to 'sell' from 'neutral', maintaining the fair value at 278p, as it said the stock has run too far and it sees no short-term cat... [more]

Jefferies downgrades Bunzl, says core legacy margins under pressure

Mon, 22 May 2017

(ShareCast News) - Jefferies downgraded its recommendation and target price on Bunzl due to concerns about momentum in the company's core margins and declining returns. That led analysts Will Kirkness... [more]

JP Morgan reiterates overweight stance on euro area equities

Mon, 22 May 2017

(ShareCast News) - Strategists at JP Morgan reiterated their 'overweight' stance on euro area stocks, telling clients that projections for profit growth in 2017 are not as stretched as might seem and ... [more]

Macquarie raises target price on Cairn Energy, upgrades to 'outperform'

Mon, 22 May 2017

(ShareCast News) - Analysts at Macquarie revised their target price on shares of Cairn Energy higher in anticipation of progress in Senegal and the start of cash flow generation in the North Sea. The ... [more]

Buy British, consumer spending will hold up, Barclays says

Mon, 22 May 2017

(ShareCast News) - Domestically-focused UK stocks are unloved and underpriced, but unjustifiably so, analysts at Barclays Research believe, as they predict that recent outperformance by the group will... [more]

Monday broker round-up

Mon, 22 May 2017

(ShareCast News) - JD Wetherspoon: Citigroup downgrades to Neutral with a target price of 1030p. Cineworld: Deutsche Bank initiates with a Buy and a target price of 825p. Cairn Energy: Macquarie upgr... [more]

Intertek boosted by Kepler upgrade to 'buy'

Mon, 22 May 2017

(ShareCast News) - Intertek got a boost on Monday as Kepler Cheuvreux lifted the stock to 'buy' from 'hold' and raised the price target to 4,600p from 3,935p ahead of the first-quarter results on 26 M... [more]

Monday newspaper round-up: Brexit talks, house prices, convenience stores

Mon, 22 May 2017

(ShareCast News) - Britain has "no time to waste" in Brexit talks, Theresa May will warn as she says formal negotiations about leaving the European Union will start just 11 days after the election. Th... [more]

Sunday share tips: Informa, HICL Infrastructure

Sun, 21 May 2017

(ShareCast News) - Question marks were hanging over whether exhibitions and publishing giant Informa could remain such a behemoth, the Telegraph's Questor suggested, pointing to the fact companies usu... [more]

Sunday newspaper round-up: Tory manifesto, M&S, Store Twenty One, 'Platinum Pensioners'

Sun, 21 May 2017

(ShareCast News) - Top business leaders have warned Theresa May's interventionist manifesto proposals are "ill-judged, unworkable and risk damaging the British economy". Andy Higginson, the chairman o... [more]

Broker tips: Experian, Vodafone, Thomas Cook

Fri, 19 May 2017

(ShareCast News) - Jefferies downgraded credit checking company Experian to 'hold' from 'buy' and cut the price target to 1,550p from 1,670p following the company's preliminary full-year results on Th... [more]

London close: FTSE ties on positive resources-led Friday

Fri, 19 May 2017

(ShareCast News) - Stocks in London tied on a positive Friday performance thanks to gains in resources behemoths and after better-than-expected UK manufacturing data, continuing its rebound after the ... [more]

Barclays downgrades Vodafone to 'equal weight' on competition concerns

Fri, 19 May 2017

(ShareCast News) - Vodafone Group saw its stock recommendation lowered to 'equal weight' from 'overweight' at Barclays, with the bank raising concerns about competition despite an upbeat earnings repo... [more]

Barclays downgrades Thomas Cook 'but may be wrong'

Fri, 19 May 2017

(ShareCast News) - Thomas Cook shares took a hit on Friday after they were downgraded by Barclays after a good rally since last summer. In November Barclays had upgraded the shares and set a target pr... [more]

Jefferies downgrades Experian to 'hold'

Fri, 19 May 2017

(ShareCast News) - Jefferies downgraded credit checking company Experian to 'hold' from 'buy' and cut the price target to 1,550p from 1,670p following the company's preliminary full-year results on Th... [more]

Friday broker round-up

Fri, 19 May 2017

(ShareCast News) - Shire Pharmaceuticals: HSBC downgrades to Reduce with a target price of 4450p. Polymetal International: Berenberg downgrades to Hold with a target price of 1090p. Vodafone: Barclay... [more]

Friday newspaper round-up: Consumer concerns, Brexit M&A, migration, SFO

Fri, 19 May 2017

(ShareCast News) - British consumers are bracing themselves for an expensive and uncertain post-Brexit future, with four out of five fearing price rises on household essentials such as food, drink and... [more]

Asset sales, cash calls still possible at Tullow, Canaccord says

Thu, 18 May 2017

(ShareCast News) - Canaccord Genuity trimmed its target on shares of Tullow Oil after revising its short-term 'price deck' for the price of Brent lower. Analyst Charlie Sharp said the broker was now p... [more]

Friday preview: Hikma has chance to 'refocus'

Thu, 18 May 2017

(ShareCast News) - Outside of Iran, where citizens head to the polls to pick the next president, Friday should be very quiet on the macroeconomic front and fairly relaxed on the company news calendar,... [more]