Enterprise Inns: Barclays downgrades to underweight with a target of 80p.
Imperial Tobacco has changed its name to Imperial Brands with immediate effect, following approval from shareholders at the annual general meeting earlier this week.
1630:Close Stocks ended the session lower with financials doing worst as a group. BP was also to be seen lower following a drop in crude oil futures and after analysts at Exane revised its targets on its stock and that of rival Royal Dutch Shell lower. That followed weak data out on Monday on Chinese and Eurozone manufacturing and amid a warning from JP Morgan that the recent bounce in stocks was nearing an end. Home Retail led to the upside on the back of a report that Sainsbury might be set to offer up to 165p a share for the company. FTSE 100 down 23.69 to 6,060.10.
The UK equity market closed higher on Friday as oil prices rose and the Bank of Japan's latest policy decision was well received.
1630:Close Stocks ended the week in a chipper mood after the BoJ surprised some in the markets with the timing of its latest move to thwart deflationary risks. That came amid mixed data over on the Continent but a relatively positive figures out Stateside. Nevertheless, at least two well-known market strategists (from BofA Merrill and Trim Tabs) sounded a cautious tactical on share prices. Citi was a bit more ambivalent in a note to clients, although it admitted its view of the world might be too US-centric. Front month crude oil futures were on a mixed footing by the close of trading. Earlier in the day, Russia´s Energy Minister told Bloomberg the country was open to discussion with Saudi Arabia but that there had been no contacts between them since November. To take note of, 10-year bond yields across a wide swathe of the developed world retreated by double digits on Friday, with those on Gilts lower by 11 basis points to 1.56%. FTSE 100 up 152.01 points to 6,083.79.
The FTSE 100 was back over the 6,000 mark on Friday, rising 105.69 points (1.78%) to 6,037.47 by mid-afternoon.
Analysts at Credit Suisse reshuffled their deck of top outperformers and underperformers on Thursday.
There was a "material chance" that Imperial Tobacco would become a buy-out target, more so given its relatively low exposure to risks from emerging markets, Citi said.
Goldman Sachs warned Big Tobacco it sees a $5bn annual profit hit from the impact of plain packaging on cigarettes, which the UK will impose next March and other countries following Australia's lead in the next few years.
A battle of two Goliaths is due to take place this week, as Big Tobacco takes on Westminster and its proposed plain packaging law.
Reports that Russia could raise the smoking age to 21 from 18 have hit the shares of some big tobacco companies.
Regardless of whether the speculation swirling around a possible bid for Imperial Tobacco from British American Tobacco pans out or not, the organic story and valuation argument were "compelling enough", Chris Whitman at Whitman Howard said in a research note sent to clients.
The FTSE 100 remained resilient after Friday night's terrorist attacks in Paris, with the market up 3.02 points (0.05%) to 6,121.30 points mid-afternoon Monday.
Jefferies downgraded National Grid to 'hold' from 'buy' but lifted the price target to 950p from 900p.
It isn't time to kick the habit yet when it comes to Imperial Tobacco Group, The Times' Tempus said on Wednesday.
Shares were expected to rise at the start of the session, taking their cue from overnight gains on Wall Street that saw the Dow Jones Industrials move back into positive territory for the year and the S&P clamber back atop its mid-August highs.
Primark owner Associated British Foods is expected to report a 5% drop in adjusted full-year earnings on Tuesday, reflecting challenges at its sugar division.
Sell shares in BHP Billiton, said the Sunday Times' Inside the City column. A recent $6.5bn fundraising was arranged as a 'hybrid' issue as the company seeks to protect its A+ rating. The mining giant said it will use the cash for working capital and to pay down debt, but some view it as a means of preparing the company for a long winter of cheap commodities. However, prices have fallen even further since the money was raised and BHP's dividend still looks in danger.
The FTSE 100 was down 40.21 points (0.67%) mid-afternoon to 5,918.65.
A carve-up of Imperial Tobacco is back on the table, with speculation in that regard sending the stock up by 13% over the past month and by 6% in just the last week.