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Broker tips: WPP, Next, Weir

Tue, 30th Jul 2013 11:18

Nomura has maintained its 'buy' rating and 1,300p target price for advertising and media group WPP, saying that the tie-up of rival firms Publicis and Omnicom could be good for the UK-listed company.While the merged company will have a dominant positive in the creative and marking services industries, Nomura reckons that the new merged company will have "less of an advantage in the field where scale matters, ie media buying". "With WPP maintaining a strong media buying position combined with the potential for clients wins arising, we believe the Publicis Omnicom deal may have more positives than negatives for WPP."Panmure Gordon has hiked its target price for Next by a tenth and kept its 'buy' rating for the stock after the High Street retailer's decent second-quarter update and increase to profit guidance.The broker said: "Our 'buy' rating is based on our long-term view that Next will continue to be a winner in the online race, given its historic and on-going investment in home shopping, which has put it miles ahead of the competition in multichannel retail."Investec has upgraded its rating for Weir Group from 'hold' to' buy' in the hope that the engineering firm will hit full-year targets despite missing forecasts in the first half."We believe that the rational given for the larger 2H skew being achieved is credible, however, the focus will quickly turn to FY14. In the longer term we believe the group remains well positioned in attractive end markets with an increasing installed base."BC
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5 Jan 2023 07:33

Next lifts FY profit guidance after better-than-expected Christmas sales

(Sharecast News) - Retailer Next lifted its full-year profit guidance on Thursday as it reported better-than-expected sales over the Christmas period, but struck a cautious note on the outlook for the year ahead.

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4 Jan 2023 08:54

LONDON MARKET OPEN: Strong open despite strikes, inflation woe in UK

(Alliance News) - Stock prices in London opened higher on Wednesday, despite continued strikes weighing on the outlook for the UK economy, and the British Retail Consortium warning of a difficult year ahead for consumers.

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3 Jan 2023 09:24

LONDON BROKER RATINGS: Citigroup cuts Wizz Air; Redburn likes CRH

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning, Monday and late Friday:

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30 Dec 2022 09:07

LONDON MARKET OPEN: FTSE 100 opens lower but outperforms peers in 2022

(Alliance News) - Stock prices in London opened the last trading day of the year lower on Friday, but the FTSE 100 index has fared better than other blue-chip indices in Europe in 2022 as a whole.

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29 Dec 2022 13:40

UK earnings, trading statements calendar - next 7 days

Friday 30 December 
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Thursday 05 January 
B&M European Value Retail SATrading Statement
Greggs PLCTrading Statement
Next PLCTrading Statement
  
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29 Dec 2022 09:09

LONDON BROKER RATINGS: Jefferies raises Next price target

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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29 Dec 2022 07:31

LONDON BRIEFING: Growing concern about China as Covid cases surge

(Alliance News) - Stocks in London are set to open lower on Thursday amid worries about rising Covid cases in the world's second-largest economy.

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28 Dec 2022 16:57

LONDON MARKET CLOSE: Catch-up playing FTSE up amid jitters elsewhere

(Alliance News) - London's FTSE 100 outperformed global peers on Wednesday as equity market trading resumed after the Christmas break.

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23 Dec 2022 09:59

LONDON BROKER RATINGS: Stifel raises Next to buy, cuts boohoo to hold

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

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23 Dec 2022 09:00

LONDON MARKET OPEN: Trading subdued on quiet Friday before holidays

(Alliance News) - Stock prices in London opened slightly higher Friday on a half-day ahead of the four-day Christmas break.

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21 Dec 2022 16:52

LONDON MARKET CLOSE: Stocks higher as UK retail gets boost from Nike

(Alliance News) - Stock prices in London closed in the green on Wednesday, with the FTSE 100 lifted by retail stocks getting a boost from strong quarterly figures from US sportswear brand Nike in a positive read-across.

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21 Dec 2022 11:11

German gas subsidy clouds euro area inflation forecasts

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19 Dec 2022 17:05

LONDON MARKET CLOSE: Stocks higher despite downbeat UK data

(Alliance News) - Stock prices in London closed in the green on Monday, showing some positivity at the beginning of a festive week despite some gloomy data out of the UK.

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19 Dec 2022 09:40

LONDON BROKER RATINGS: JPMorgan cuts Marks & Spencer to 'underweight'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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19 Dec 2022 08:55

LONDON MARKET OPEN: Stocks higher as China begins shaky reopening

(Alliance News) - Stock prices in London opened higher on Monday, but the FTSE 100 was lagging behind European counterparts, despite gains for oil and mining stocks.

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