Advertisement
UK markets close in 3 hours 16 minutes

  • FTSE 100

    8,039.45
    +15.58 (+0.19%)
     

  • FTSE 250

    19,695.42
    +96.03 (+0.49%)
     

  • AIM

    753.54
    +4.36 (+0.58%)
     

  • GBP/EUR

    1.1614
    +0.0025 (+0.22%)
     

  • GBP/USD

    1.2401
    +0.0050 (+0.41%)
     

  • Bitcoin GBP

    53,226.11
    +119.10 (+0.22%)
     

  • CMC Crypto 200

    1,420.37
    +5.61 (+0.40%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CRUDE OIL

    81.24
    -0.66 (-0.81%)
     

  • GOLD FUTURES

    2,318.50
    -27.90 (-1.19%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,033.58
    +172.78 (+0.97%)
     

  • CAC 40

    8,075.78
    +35.42 (+0.44%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

STOCKS NEWS EUROPE-Jungheinrich falls on HSBC downgrade

Reuters - UK Focus

Shares in Jungheinrich (Xetra: 621993 - news) fall 2.8 percent to lead decliners on Germany's SDAX index after HSBC cuts its recommendation on the German forklift truck maker, citing the stock's recent outperformance and weak earnings prospects.

"The share price performance outpaced the rise in earnings estimates, resulting in a significant re-rating of the shares," HSBC says, cutting the stock to "underweight" from "neutral" and raising its target price to 47 euros from 46 euros.

It adds that it sees an increased risk of an earnings disappointment ahead.

Jungheinrich's stock has gained 42 percent over the past six months, outperforming a 17 percent gain by the SDAX and a 19 percent increase by Kion , its biggest pure-play rivals.

Reuters messaging rm://maria.sheahan.thomsonreuters.com@reuters.net