Broker tips: Retailers, CPP, Diploma
21st Dec 2010 14:08
Peel Hunt has evaluated the impact of recent weather disruptions at a crucial time of year for retailers, as the first companies begin to deliver snow-driven profit warnings. The broker highlights high street womenswear retailer Alexon's trading update as the first of many weak outlook statements.
Read moreBroker snap: Retail sector winners and losers
21st Dec 2010 12:39
Peel Hunt has evaluated the impact of recent weather disruptions at a crucial time of year for retailers, as the first companies begin to deliver snow-driven profit warnings. The broker highlights high street womenswear retailer Alexon's trading update as the first of many weak outlook statements.
Read moreWednesday tips round-up: Babcock, Drax, Asos...
10th Nov 2010 06:59
Babcock's hope is that its market rating, about 11 times next year's earnings per share, will edge forward to reflect its involvement in support services, where shares tend to sell on a multiple of nearer 14. This will take time, but the shares remain a strong hold says the Times. Coal-fired power
Read moreLondon close: FTSE 100 slips back
8th Nov 2010 16:43
Shares were on balance slightly lower as trading closed, with investors continuing to pause for breath following the strong gains seen last week on the back of the renewal of quantitative easing in the US. Rolls-Royce was a late riser after the aero-engineer said it was making progress n its invest
Read moreLondon afternoon: Investors cautious ahead of G20 meeting
8th Nov 2010 13:47
The Footsie drifted lower over the lunchtime session, hitting a new low for the day, as the afterglow of the Fed's quantitative easing boost begins to fade. There was also an element of caution ahead of this week's Group of 20 meeting in South Korea. It's been an unusually busy Monday for company r
Read moreLondon midday: Footsie drifts lower
8th Nov 2010 12:28
Leading shares are mixed but still trending lower, with cautious investors banking a few profits after the UK market rose more than 3% last week. US futures point to a dull start on Wall Street, which is not helping shift the lacklustre mood. The Dow is tipped to start about 15 points below last we
Read moreRetail gross margins recover at ASOS
8th Nov 2010 10:15
Strong growth in sales from overseas drove a 50% growth in online fashion store ASOS's sales at the halfway stage. Retail sales in the six months to 30 September rose to £131.4m from £87.7m the year before. UK retail sales grew 26% to $82.4m from $65.4m but international sales are fast catching u
Read moreWeek Ahead: Big week for retailers
5th Nov 2010 10:09
Results season remains in full swing next week, with a particular emphasis on retailers such as Marks & Spencer, Sainsbury and Primark owner Associated British Foods . It's high flying online clothes retailer that gets the ball rolling on Monday, however, with its interim figures. Panmure Gordon is
Read moreSector movers: Cosalt hoists general industrials higher
1st Nov 2010 13:50
Cosalt leads the general industrials sector higher after the struggling provider of safety equipment to the oil industry confirmed this morning it has received an approach for its marine business. Elsewhere in the sector, Smiths Group is going well on hopes the latest Al Qaeda bomb threat will incr
Read moreBroker tips: ASOS, Dignity, iomart
1st Nov 2010 12:25
Despite current trading levels remaining positive and potential seen for strong growth, KPC Peel Hunt is downgrading ASOS to a sell as it believes the current shares to be overvalued. "In terms of trading and forecast momentum, we believe the business is well placed to outperform over the Christmas
Read moreBroker snap: ASOS rating leaves no room for error
1st Nov 2010 12:01
Despite current trading levels remaining positive and potential seen for strong growth, KPC Peel Hunt is downgrading ASOS to a sell as it believes the current shares to be overvalued. "In terms of trading and forecast momentum, we believe the business is well placed to outperform over the Christmas
Read moreLondon close: Footsie struggles
26th Oct 2010 16:24
Investors pocketed gains after an impressive autumn rally, though the decision was made easier by some disappointing corporate news, weak miners and negative broker comment on the insurance sector. The top 100 index fell back sharply from six-month highs, dropping below 5,680 at one point although
Read moreLondon afternoon: Bleak mid-winter for Cairn
26th Oct 2010 14:27
With Wall Street tipped to open lower London's leading shares fell back further over the lunch time period, resulting in the Footsie subsiding below 5700. Cairn Energy tops the list of fallers after it failed to find a commercial discovery at either the T8-1 or T4-1 wells offshore Greenland. The c
Read moreBroker tips: ARM, Cairn, ASOS
26th Oct 2010 12:57
KBC Peel Hunt thinks the rating of high-flying ARM Holdings is vulnerable to a correction and recommends its clients take profits on the stock. Although the chip designer has benefited from the explosive growth of the smartphone market, the broker believes that the rating "is now well ahead of its
Read moreLondon midday: UK growth cuts little ice
26th Oct 2010 12:08
Better than expected UK third quarter growth has cut little ice with investors this morning, who are firmly focused on weak miners, negative corporate news and broker downgrades. Britain's economy grew twice as fast as expected in the three months to September, according to preliminary estimates by
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