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LONDON MARKET CLOSE: FTSE 100 falls despite benign US inflation print
LONDON BROKER RATINGS: JPMorgan likes Greggs; RBC cuts Bank of Ireland
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- 5th Dec 2025 09:56
- The following London-listed shares received analyst recommendations Friday morning and on Thursday:
-
FTSE 100
- UBS raises Rio Tinto price target to 5,700 (5,200) pence - 'neutral'
- Goldman Sachs cuts Rio Tinto price target to 7,100 (7,200) pence - 'buy'
- Barclays raises Rio Tinto price target to 5,450 (5,375) pence - 'overweight'
- Bernstein cuts Whitbread price target to 2,300 (2,500) pence - 'underperform'
- Berenberg cuts Whitbread price target to 2,900 (3,500) pence - 'buy'
- Bank of America raises Rolls-Royce price target to 1,615 (1,440) pence - 'buy'
- Bank of America raises Melrose Industries price target to 840 (725) pence - 'buy'
- Bank of America cuts BAE Systems price target to 2,000 (2,355) pence - 'buy'
- Bank of America cuts Babcock International price target to 1,362 (1,435) pence - 'buy'
- JPMorgan raises Shell price target to 3,200 (3,100) pence - 'overweight'
- JPMorgan removed Shell from 'analyst focus list'
- JPMorgan raises BP price target to 480 (460) pence - 'neutral'
- JPMorgan cuts SSE price target to 2,580 (2,600) pence - 'overweight'
- JPMorgan raises National Grid price target to 1,250 (1,225) pence - 'overweight'
- Berenberg raises Compass Group price target to 3,100 (3,000) pence - 'buy'
- JPMorgan raises Tesco price target to 500 (450) pence - 'overweight'
- JPMorgan cuts J Sainsbury price target to 350 (355) pence - 'overweight'
- JPMorgan raises Mondi price target to 970 (840) pence - 'neutral'
-
FTSE 250
- Jefferies raises Victrex price target to 700 (650) pence - 'hold'
- Jefferies raises Elementis price target to 210 (200) pence - 'buy'
- JPMorgan cuts Baltic Classifieds target to 182 (208) pence - 'underweight'
- Barclays cuts Baltic Classifieds price target to 290 (390) pence - 'overweight'
- Berenberg cuts Baltic Classifieds price target to 335 (360) pence - 'buy'
- JPMorgan starts Greggs with 'overweight' - price target 2,110 pence
- JPMorgan cuts B&M European Value price target to 163 (205) pence - 'underweight'
- Barclays raises Frasers Group price target to 785 (760) pence - 'equal weight'
- Berenberg raises Balfour Beatty price target to 760 (710) pence - 'buy'
- Deutsche Bank Research raises Balfour Beatty target to 715 (650) pence - 'buy'
- Morgan Stanley cuts Mony Group to 'equal-weight' - price target 220 pence
- Deutsche Bank Research cuts Derwent London price target to 2,000 (2,100) pence - 'hold'
- Deutsche Bank Research cuts AJ Bell price target to 570 (625) pence - 'buy'
- Deutsche Bank Research cuts Workspace Group price target to 480 (520) pence - 'buy'
- Deutsche Bank Research raises Sirius Real Estate target to 120 (115) pence - 'buy'
- Deutsche Bank Research raises discoverIE target to 870 (850) pence - 'buy'
- Bank of America cuts Qinetiq price target to 415 (450) pence - 'underperform'
-
SMALL CAP AND OTHER MAIN MARKET
- RBC cuts Bank of Ireland to 'sector perform' (outperform) - price target 15.50 EUR
- RBC raises AIB price target to 8.50 (8) EUR - 'sector perform'
- Deutsche Bank Research cuts Helical price target to 270 (300) pence - 'buy'
- Jefferies raises Synthomer price target to 65 (62) pence - 'hold'
- Related Shares:
LONDON MARKET OPEN: Europe opens higher ahead of US data
- European Stock Markets: Opened positively on Friday, but trading lacked momentum as investors await the US Federal Reserve's decision next week.
- London Stock Exchange:
- FTSE 100 up 0.2% at 9,729.28.
- FTSE 250 up 0.2% at 22,130.85.
- AIM All-Share up 0.5% at 752.96.
- Ocado shares surged 10% after receiving a $350 million cash payment from Kroger due to the closure of customer fulfillment centers.
- Trustpilot recovered 11% after a 32% slump on Thursday, following accusations by Grizzly Research of extortion practices.
- Big Yellow fell 5.6% after Blackstone confirmed no plans to make an offer for the company.
- Anglesey Mining jumped 58% after a debt restructuring deal with Energold Minerals, reducing debt to £100,000.
- US Markets (Thursday):
- Dow Jones down 0.1%.
- S&P 500 up 0.1%.
- Nasdaq Composite up 0.2%.
- Asian Markets:
- Nikkei 225 down 1.1%.
- Shanghai Composite up 0.7%.
- Hang Seng Index up 0.6%.
- S&P/ASX 200 up 0.2%.
- Currencies:
- Pound edged up to $1.3357.
- Euro flat at $1.1659.
- Dollar unchanged against the yen at ¥154.75.
- Commodities:
- Gold rose to $4,224.76 per ounce.
- Brent crude oil faded to $63.13 per barrel.
- Bonds:
- 10-year US Treasury yield at 4.11%.
- 30-year US Treasury yield at 4.77%.
- Economic Calendar:
- Eurozone GDP data at 1000 GMT.
- US personal income and outlays data at 1500 GMT.
- Analyst Commentary: Swissquote analyst Ipek Ozkardeskaya expects today's PCE data to have minimal impact on the Fed meeting, with US equities likely finishing the week positively.
LONDON MARKET EARLY CALL: FTSE 100 to tread water; US data to come
- London Stocks: FTSE 100 expected to open flat, up just 0.7 points at 9,711.57, as focus shifts to next week's Federal Reserve decision.
- U.S. Markets (Thursday): Dow Jones fell 0.1%, S&P 500 edged up 0.1%, and Nasdaq Composite added 0.2%.
- Analyst Comment: Pepperstone's Michael Brown noted lackluster trading conditions and highlighted next week's FOMC decision as the next key event.
- Economic Calendar (Friday):
- German factory orders at 0700 GMT.
- Eurozone GDP data at 1000 GMT.
- U.S. PCE data for September at 1330 GMT (deemed stale by analysts).
- Currencies:
- Pound edged down to USD1.3349.
- Euro flat at USD1.1659.
- Dollar fell to JPY154.55 against the yen.
- Commodities:
- Gold rose to USD4,225.61 per ounce.
- Brent crude faded to USD63.13 per barrel.
- Bonds:
- 10-year U.S. Treasury yield unchanged at 4.10%.
- 30-year yield narrowed to 4.75%.
- Asian Markets:
- Nikkei 225 fell 1.1%.
- Shanghai Composite up 0.7%.
- Hang Seng Index up 0.5%.
- S&P/ASX 200 rose 0.2%.
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