Business rate reform threatens online retailers
4th Mar 2014 13:09
A UK government review into retail business rates may receive a greater shake-up after a report from Parliament's Business, Innovation and Skills Committee demanded the current system be completely reformed. The committee, which is made up of a group of MPs, called for the Chancellor George Osborne
Read moreSunday newspaper round-up: Essar, Barclays, Rolls-Royce
16th Feb 2014 17:56
The billionaire Indian Ruia family will this week offer to buy back the part of Essar Energy it does not own for less than a fifth of what investors paid for shares four years ago, the Sunday Times said. The Ruias are working on the final touches of an offer that will be a blow to the London market
Read moreThursday broker round-up UPDATE
23rd Jan 2014 09:12
Afren: Investec ups target price from 170p to 200p and maintains a buy recommendation. AG Barr: Investec raises target price from 585p to 620p retaining an add rating. Canaccord Genuity ups target price from 630p to 650p and keeps a buy recommendation. Arbuthnot: Numis downgrades from add to hold
Read moreSunday share tips: Royal Mail, N Brown, Revolymer
19th Jan 2014 16:53
The public's conversion to online Christmas shopping is likely to have served Royal Mail well, the Sunday Times's Danny Fortson wrote. Fortson, in his Inside the City column, said sales growth at online fashion retailer Asos showed the potential size of the market for online shopping. Royal Mail pub
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreWednesday tips round-up: ASOS, IG Group, Ashmore
15th Jan 2014 07:57
Online fashion retailer ASOS on Tuesday again managed to beat market forecasts for Christmas sales. However, there were signs in the latest full-year results that the company is working harder to deliver its impressive growth. For example, it seems to be outgrowing its logistical base and marketin
Read moreAsos says UK and mainland Europe lift festive sales - UPDATE
14th Jan 2014 07:53
Strong festive sales in the UK and continental Europe helped online fashion retailer Asos to report a good Christmas, but its shares fell. Asos said retail sales in the four months to December 31st rose 38% to £335.7m, with UK sales up 37% and international sales rising 38%, modestly ahead of analy
Read moreLondon pre-open: FTSE to slump at opening bell
14th Jan 2014 07:02
- Drop of 37 points expected early on - S&P 500 registers worst performance in two months - Focus on UK inflation City sources predict the FTSE 100 will open 37 points below yesterday's close of 6,757.15, tracking declines seen in the US overnight, which saw the S&P 500 register its poorest perform
Read moreSunday newspaper roundup: Morrisons, BP, Premier Foods
12th Jan 2014 16:05
Morrisons aims to return up to 800m pounds to investors by selling real estate, the Sunday Times said. The supermarket chain's property holdings are worth 9bn pounds and it owns 90 per cent of the portfolio. Big shareholders think Morrisons could cut its freehold ratio to 80 per cent and stay overwh
Read moreSector movers: Retail stocks boosted strong sales at John Lewis
10th Jan 2014 15:35
General retail stocks were on shopping lists on Friday after strong results from High Street bellwether John Lewis and data showing a surge in online retail sales during December. According to the British Retail Consortium (BRC), overall retail sales rose at a year-on-year rate of 0.4% last month,
Read moreLondon close: Markets slip on mixed manufacturing data, but retailers gain
2nd Jan 2014 16:37
- FTSE 100 pulls back after recent strong run - Manufacturing growth eases in China, UK and US - Debenhams CFO departs after profit warning techMARK 2,772.41 -0.32% FTSE 100 6,717.91 -0.46% FTSE 250 15,919.09 -0.10% UK markets finished the first session of the new year in the red after a host of
Read moreSector movers: Retailers bounce as sentiment recovers after Debenhams profit warning
2nd Jan 2014 14:55
The general retail sector was making small gains on Thursday, recovering after a Debenhams-inspired sell-off the previous session following its profit warning. Stocks across the sector sank sharply on Tuesday after department store Debenhams said it is now guiding to a pre-tax profit of just £85m
Read moreLondon close: Markets flat as investors turn cautious ahead of Fed
18th Dec 2013 16:41
- Stocks trading within narrow range ahead of Fed - Fed decision due at 19:00 London time - BoE votes unanimously on policy, warns of sterling strength - UK unemployment falls to four-and-a-half-year low techMARK 2,697.26 +0.47% FTSE 100 6,492.08 +0.09% FTSE 250 15,366.70 +0.12% Markets finished b
Read moreBroker tips: Retailers, bwin.party, Moneysupermarket.com
18th Dec 2013 11:22
UBS has downgraded its ratings for both Marks & Spencer and ASOS from 'buy' to 'neutral', highlighting higher levels of promotional spend across the industry as of late. "The clothing retailers look to have pressed the panic button this year as subdued real disposable income, weak footfall and warm
Read moreLondon midday: Markets await Fed as data turns heat up on MPC
18th Dec 2013 11:16
- Taper speculation picks up ahead of Fed decision - MPC votes unanimously on policy, warns of sterling strength - UK unemployment falls to four-and-a-half-year low - Retailers under the weather techMARK 2,693.27 +0.32% FTSE 100 6,500.40 +0.22% FTSE 250 15,391.16 +0.28% UK markets held on to gains
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