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Broker tips: Ashtead, Kainos, Future
JPMorgan Cazenove reiterated its ‘overweight’ rating on Ashtead on Tuesday and hiked its price target to 6,800p from 5,600p as it argued the risk/reward is now attractive.
Morrisons to sell 337 petrol forecourts to MFG for £2.5bn
Morrisons said on Tuesday that it has agreed to sell 337 petrol forecourts to Motor Fuel Group for £2. 5bn.
FTSE 100 movers: Diageo and WPP in the black
London’s FTSE 100 was up 0. 5% at 7,668. 46 in afternoon trade on Tuesday.
Saga says annual profit set to more than double
Saga said on Tuesday that it expects full-year underlying pre-tax profit to more than double on the previous year as it hailed an "outstanding" year for the cruise and travel businesses.
Berenberg reinitiates coverage of Kainos at ‘buy’, shares jump
Software company Kainos jumped on Tuesday as Berenberg re-initiated coverage of the shares with a ‘buy’ rating and 1,315p price target, citing an attractive entry point.
IMI appoints Jamie Pike as next chair
IMI said on Tuesday that Jamie Pike will be appointed as chair with effect from 1 January 2025, with current chair Lord Smith of Kelvin due to step down at the end of this year.
Eurozone economic sentiment remains depressed
Economic sentiment in the eurozone remained in the doldrums in January, according to a survey released by the European Commission on Tuesday.
London midday: Stocks extend gains as investors eye US earnings
London stocks had risen a little further by midday on Tuesday as investors mulled news that the eurozone has narrowly avoided a recession, and ahead of a raft of key US earnings.
JPMorgan hikes Ashtead price target, reiterates ‘overweight’
JPMorgan Cazenove reiterated its ‘overweight’ rating on Ashtead on Tuesday and hiked its price target to 6,800p from 5,600p as it argued the risk/reward is now attractive.
Delivery Hero sells entire Deliveroo stake, shares slump
Deliveroo slumped on Tuesday after Delivery Hero sold its entire 4. 5% stake in the company in a placing.
Speedy Hire tanks after profit warning
Tools and equipment hire services firm Speedy Hire tanked on Tuesday as it warned on profits.
London open: Stocks rise as shop price inflation eases; WPP surges
London stocks rose in early trade on Tuesday, taking their cue from a solid session on Wall Street, as data showed that UK shop price inflation eased sharply in January.
Pets at Home cuts full-year profit outlook
Pets at Home cut its full-year profit outlook on Tuesday after a weaker-than-expected performance at its retail business in the third quarter.
London pre-open: Stocks seen up on US gains
London stocks were set to rise at the open on Tuesday following solid gains on Wall Street.
Tuesday newspaper round-up: Neuralink, BP, EY, VAT-free shopping
The UK has fallen to its lowest-ever position in Transparency International’s corruption perceptions index, which ranks countries by experts’ views of possible corruption in public services. The UK fell from 18th (out of 181 countries) in 2022 to 20th in 2023, its lowest position since the research was revamped in 2012. It means that, according to the research, Britain is seen as more corrupt than Uruguay and Hong Kong. – Guardian.