
Tesco's stock was back on investors' shopping lists again on Wednesday after HSBC upgraded its rating on the UK grocer from 'underweight' to 'neutral' and lifted its target price from 175p to 195p. Though sentiment is still fragile after a string of profit warnings and an accounting scandal at the s
Airline investors should check in with Ryanair and IAG rather than rivals, according to Bank of America Merrill Lynch (BoAML). The broker prefers companies such as the Irish budget carrier and the British Airways and Iberia owner that are likely to see consensus earnings upgrades, it said in a no
Fears about a potential outbreak of Ebola have hammered airline stocks across Europe over recent days after a nurse in Madrid was found to have caught the virus, the first person to contract it outside West Africa. However, analyst Robin Byde from Cantor Fitzgerald said that if the Ebola case in Spa
UK stocks fell for a second day on Wednesday as concerns about global growth and nervousness ahead of the start of US earnings season eroded risk appetite. Heavy falls from industrial stocks and travel companies saw the FTSE 100 fall 0.3% to 6,475 in early trading. European stocks fell on Tuesday a
Supermarkets were continuing to claw their way back after a string of profit warnings and an accounting scandal at Tesco hammered sentiment last month. Shares in the UK's largest retailer were trading nearly 5% higher after the news that the company has asked another senior manager to step down and
Fears about the fallout from a potential Ebola outbreak hammered stocks in the travel and leisure sectors on Tuesday with UK-listed airlines and tour operators dropped sharply. In contrast, supermarket and mining stocks were bucking the trend with the two sectors, which have both bore the brunt of t
Poor economic data was weighing on UK stocks on Tuesday, with decent gains in the mining sector offset by falls from airlines and pharmaceuticals. The FTSE 100 was trading 0.6% lower at 6,522 by around midday. Nervousness ahead of the start of third-quarter earnings season in the States was also ca