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  • Sunday share tips: Majestic Wine, Travis Perkins

    Friday 11 Jan 2013

    Builders’ merchant Travis Perkins has used the recession to acquire rival operators and increase market share to become the country’s largest supplier of building materials, with 2,000 stores and 16 brands. Thus, while the shares have started the year well they still have real long-term potential and should gain ground as the economy begins slowly to recover and consumers become more optimistic.

  • Sunday newspaper round-up: Marks&Spencer, Sterling, Vodafone

    Friday 11 Jan 2013

    Last week showed that the M&S riddle - whether the 81,000 person strong outfit will survive - remains unsolved. Over the crucial Christmas trading period sales of general merchandise were down 3.8 per cent — much worse than the 1.5 per cent fall the market had expected. The nasty numbers were made worse by a communications cock-up. They were due out on Thursday morning but Sky News got hold of

  • US open: Flows into US equities surge, so careful some say

    Friday 11 Jan 2013

    The major US equity market averages have begun the day on a ‘mixed footing’ and just below very relevant technical resistance in the case of the S&P 500 in the 1,471/1,475 point area.

  • Broker snap: Hold fire on miners, RBC tells clients

    Friday 11 Jan 2013

    "Despite a strong start to the year, we would wait for lower entry levels to continue to build Mining positions," analysts at RBC were telling clients on Friday morning.

  • Broker snap: UBS upgrades IAG to 'buy'

    Friday 11 Jan 2013

    British Airways and Iberia owner International Consolidated Airlines, otherwise known as IAG, was flying high on Friday morning after UBS upgraded its rating for the company from 'neutral' to 'buy' following the stock's underperformance last year.

  • UK industrial production fails to bounce back

    Friday 11 Jan 2013

    Industrial production rose 0.3 per cent month-on-month in November (-2.4 per cent year-on-year), according to the latest data from the Office for National Statistics (ONS), following an 0.8 per cent contraction in the month before.

  • Friday tips round-up: Melrose, Pace

    Friday 11 Jan 2013

    No big deal on the horizon but at 14 times earnings they look like good long-term value is Tempus´s view of industrial turn-around specialist Melrose. That after towards the end of last year the company´s share price was able to regain almost all of what it lost following a profit warning in November. As well, the shares could gain fresh impetus from further good news from Elster, which makes

  • London open: Markets cautious after Chinese inflation figures

    Friday 11 Jan 2013

    UK markets opened tentatively on Friday morning, making only slight gains as investors digested inflation data in China and economic stimulus in Japan.

  • HMV shares plummet following news of upcoming sale

    Friday 11 Jan 2013

    Shares in entertainment retailer HMV plunged 28.80 per cent to 1.10p at 14:04 on Friday afternoon following an announcement that the company would have a sale over the weekend.

  • FTSE 100 movers: IAG performs strongly after upgrade

    Friday 11 Jan 2013

    British Airways and Iberia owner IAG was in demand throughout the day after UBS upgraded the stock from 'neutral' to 'buy', following its underperformance against other European airline shares under the broker's coverage.

  • Tullow Oil comes up short in 2012 - UPDATE

    Friday 11 Jan 2013

    Oil titan Tullow missed production targets last year, while write-offs for unsuccessful drilling soared, causing shares to tank on Friday morning.

  • Friday newspaper round-up: RBS, Japan, PPI claims...

    Friday 11 Jan 2013

    Senior Royal Bank of Scotland bankers may step down in the coming weeks as part of the bailed-out bank's multimillion-pound settlement with regulators over the Libor-rigging scandal. John Hourican, head of the RBS investment bank, and Peter Nielsen, head of markets, may leave even though neither of them had personal knowledge of the attempts to manipulate interest rates that have already led to

  • ECB leaves door open to future rate cut

    Thursday 10 Jan 2013

    European Central Bank (ECB) President Mario Draghi has left the door open to future interest rate cuts after the central bank decided to stay in 'wait and see' mode at its latest monetary policy meeting.

  • London close: Markets flat as central banks hold rates

    Thursday 10 Jan 2013

    The FTSE 100 swung between gains and losses for most of Thursday's session as investors digested a host of economic data, bond auctions in the Eurozone and policy decisions by the Bank of England (BoE) and European Central Bank (ECB).

  • Pace to smash full year guidance

    Thursday 10 Jan 2013

    TV decoder maker Pace said full year revenue is expected to be ahead of previous forecasts and four per cent higher than last year.

  • M&S fails to please with Christmas sales - UPDATE

    Thursday 10 Jan 2013

    Marks & Spencer was out of favour on Thursday following the release of its third-quarter trading update, which missed forecasts across the board.

  • London midday: Stocks flat as BoE holds rates

    Thursday 10 Jan 2013

    The Footsie was trading broadly flat on Thursday morning despite some decent trade data from China and solid debt auctions in the Eurozone, as investors kept a close eye on central bank decisions.

  • Broker tips: Tesco, Sainsbury, M&S

    Thursday 10 Jan 2013

    Seymour Pierce has maintained its 'reduce' recommendation for supermarket titan Tesco in spite of headline sales figures coming in ahead of expectations on Thursday.

  • M&S misses LFL forecasts in third quarter

    Thursday 10 Jan 2013

    High Street giant Marks & Spencer has reported worse-than-expected sales figures for the key Christmas period in a trading update that was partially leaked the night before.

  • Online sales buoy modest sales growth at Tesco -UPDATE

    Thursday 10 Jan 2013

    Broker comment added

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