Market News Feed
AI Daily 3 entries
LONDON BROKER RATINGS: HSBC raises BP; RBC cuts Antofagasta
- HSBC raises BP to 'hold' (reduce) - price target 565 (430) pence
- JPMorgan raises Centrica price target to 245 (224) pence - 'overweight'
- JPMorgan cuts Sage price target to 1,100 (1,300) pence - 'overweight'
- JPMorgan cuts Rio Tinto price target to 7,030 (7,220) pence - 'neutral'
- JPMorgan cuts Anglo American price target to 2,770 (2,800) pence - 'underweight'
- RBC cuts Antofagasta to 'underperform' (sector perform) - price target 2,800 (3,600) pence
- JPMorgan cuts Antofagasta price target to 3,100 (3,200) pence - 'neutral'
- Barclays cuts Marks & Spencer price target to 400 (420) pence - 'overweight'
- Berenberg raises Vodafone price target to 123 (119) pence - 'buy'
- Goldman Sachs cuts International Consolidated Airlines price target to 440 (470) pence - 'buy'
- Deutsche Bank Research raises Segro price target to 850 (800) pence - 'hold'
- Deutsche Bank raises Tritax Big Box REIT price target to 190 (180) pence - 'buy'
- UBS raises Softcat price target to 1,350 (1,225) pence - 'neutral'
- Barclays cuts Aston Martin Lagonda price target to 55 (75) pence - 'overweight'
- RBC cuts Domino's Pizza Group price target to 230 (250) pence - 'outperform'
- RBC raises IG Group price target to 1,600 (1,275) pence - 'outperform'
- Deutsche Bank Research raises IG Group price target to 1,600 (1,400) pence - 'buy'
- Goldman Sachs raises Harbour Energy price target to 250 (230) pence - 'sell'
- Goldman Sachs raises Ithaca Energy price target to 260 (240) pence - 'neutral'
- RBC cuts Atalaya Mining Copper to 'sector perform' (outperform) - price target 1,125 (1,525) pence
- Berenberg cuts Atalaya Mining Copper price target to 1,210 (1,270) pence - 'buy'
- Deutsche Bank Research cuts Unite Group price target to 640 (700) pence - 'buy'
- Deutsche Bank Research raises Hammerson price target to 370 (320) pence - 'hold'
- Deutsche Bank Research cuts Derwent London price target to 1,850 (2,000) pence - 'hold'
- Deutsche Bank raises Primary Health Properties target to 115 (114) pence - 'buy'
- Deutsche Bank raises Shaftesbury Capital price target to 185 (175) pence - 'buy'
- Shore Capital lifts Close Brothers to 'buy' from 'hold' - target price 495 pence (510p)
- RBC raises Sabre Insurance price target to 160 (135) pence - 'sector perform'
- Barclays starts CVS Group with 'equal weight' - price target 1,340 pence
- Goldman Sachs cuts Magnum Ice Cream to 'sell' (neutral) - price target 13 (13.70) EUR
- RBC cuts Central Asia Metals to 'underperform' (sector perform)
- Deutsche Bank Research cuts Jet2 price target to 1,457 (1,596) pence - 'buy'
LONDON MARKET OPEN: FTSE 100 rises as steady oil price boosts airlines
- FTSE 100 opened higher by 0.4% at 10,107.86, rebounding after oil prices steadied.
- Airlines rose as oil prices fell: IAG (+3.2%), easyJet (+2.9%), Wizz Air (+3.8%).
- Oil majors BP (-2.1%) and Shell (-1.0%) retreated.
- European equities also climbed: CAC 40 (+0.7%), DAX 40 (+1.2%).
- Sterling strengthened against USD (1.3422) and EUR (1.1601).
- Brent oil traded lower at USD108.99 per barrel.
- UK public sector borrowing rose to GBP14.33 billion in February, second-highest since 1993.
- Smiths Group fell 5.5% after reporting lower earnings.
- Unilever (+1.3%) confirmed talks with McCormick & Co. for its Foods business.
- JD Wetherspoon shares sank 12% on profit warning due to higher costs and consumer pressure.
- Gold rose to USD4,690.90 per ounce.
LONDON MARKET EARLY CALL: FTSE 100 to edge up as oil price steadies
- London stocks expected to open slightly higher on Friday, with FTSE 100 futures up 4.2 points to 10,067.70.
- Oil prices retreated after Israeli PM Netanyahu stated the war with Iran would end sooner than expected, with Brent oil down to USD108.11 per barrel.
- Sterling rose to USD1.3406 against the dollar but fell slightly to EUR1.1594 against the euro.
- Euro strengthened to USD1.1563, while the dollar rose to JPY158.40 against the yen.
- Netanyahu claimed Israel and the US are "winning" and Iran is "decimated," with no capacity to enrich uranium or manufacture ballistic missiles.
- US President Trump confirmed coordination with Netanyahu, advising against attacking Iranian gas fields.
- Central banks (BoE, ECB) held rates steady; traders monitoring economic data and corporate earnings.
- Wall Street closed lower on Thursday; Asian markets (Shanghai, Hang Seng, ASX 200) also declined on Friday.
- Gold prices rose to USD4,669.50 per ounce.
- Upcoming economic data includes UK public sector borrowing, German producer inflation, and eurozone trade balance.
- Corporate calendar highlights: JD Wetherspoon and Smiths Group to report half-year results.
