Investors ‘reluctant’ to splash cash on UK banks amid crisis in Number 10 Banking UK banks’ stock prices are being slapped with a political risk premium, City analysts have warned, as turmoil in Downing Street threatens to rock the sector. The FTSE 350 bank index has had a choppy start to the year with financial stocks facing a hammering from the Iran war as investors trimmed their equities exposure. [...]
JD Sports shares plunge after retailer warns on profit Retail JD Sports shares plunged more than 12 per cent this morning after the company issued a profit warning. The FTSE 100 giant forecast full year profit before tax at between £915m and £935m, down from its previous estimate of £955m to £1.035bn. This morning, the retail giant told markets sales fell 1.5 per cent across November [...]
Sell Asos and buy Currys says City broker Retail Analysts have backed Currys as their most preferred consumer stock of the year whilst warning investors away from struggling online marketplace Asos. Panmure Liberum analysts set a target price for Currys at 155p versus its current price of 94.25p. The tech retailer had a strong run last year, with its stock up more than 90 [...]