London markets were subdued on Wednesday, as gains in the supermarket, oil and mining sectors were offset by weaker performances from chemicals, software, and financial services stocks. As of 13:45 BST, the FTSE 100 was trading broadly flat at 6,843. Sainsbury surged after being boosted by a Societ
Read moreShares in UK supermarket retailer Sainsbury rose to the top of the FTSE 100 on Wednesday after Societe Generale upgraded the stock to 'buy' from 'hold' and raised the target price to 315p from 260p, pointing to a resilient profile and attractive valuation. It said the group's profile is more resilie
Read moreBarclays upgraded Next to 'overweight' from 'equalweight' and raised the price target to 9,000p from 7,400p. Barclays said its analysis suggests the market under-appreciates Next's growth opportunities both in Retail and Directory, which stem from real wage growth, a very promising Label business an
Read moreUK stocks opened with small gains on Wednesday morning ahead of another Eurogroup meeting, as officials hope to secure desperately-needed bailout funds for Greece. The FTSE 100 was up 0.22% at 6,849.80 early on, rising for the fifth consecutive session. The index has not closed above this mark since
Read moreBerenberg has named Asos, Next and Supergroup as the "long-term winners" among UK fashion retailers, maintaining a 'buy' rating on all three stocks. In a review of the sector, the broker highlighted that competition online for clothing retailers has increased, but stressed that a strong presence on
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