London open: UK stocks slip on weak earnings, Burberry drops
14th Oct 2014 09:05
UK stocks declined on Tuesday as gains in the mining sector were offset by disappointing updates from the likes of Burberry, Hargreaves Lansdown, SABMiller, Michael Page International and Mulberry. The FTSE 100 was trading 0.4% lower at 6,344 in early trading as the index continues to rumble along a
Read moreLondon pre-open: FTSE to begin on weak note ahead of inflation data
14th Oct 2014 07:40
UK stocks are in line for another weak start on Tuesday, reversing the modest gains registered in the previous session. City sources predict the FTSE 100 will open around 28 points lower than Monday's close of 6,366.24. On Monday the Dow Jones Industrials Average ended the day with a loss of 223 po
Read moreFX headwinds reduce at Burberry but market conditions deteriorate - UPDATE
14th Oct 2014 07:05
Burberry's boss said the high end fashion group has "never been better prepared" for the all-important Christmas period after double-digit underlying growth in the first half. While the company said that negative impact from foreign exchange (FX) movements has recently reduced, the benefit will be p
Read moreFTSE 100 movers: Tullow Oil and travel stocks lead downside
10th Oct 2014 15:45
Oil and gas group Tullow Oil was firmly in the red after the company said that the Sputnik-1 well on its part-owned Arouwe block offshore Gabon has found "non-commercial" hydrocarbons. Travel and leisure peers TUI Travel, Carnival and IAG were all registering losses as concerns about the Ebola crisi
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreFTSE 100 movers: ITV a strong riser on bid speculation
1st Sep 2014 15:03
Shares in ITV were rising strongly on Monday on renewed speculation that Liberty Global could be preparing to launch a full-scale bid for the UK broadcaster. According to The Telegraph over the weekend, Liberty, which already owns a 6.4% stake in ITV through its investment in July, is "forming allia
Read moreFriday newspaper round-up: Burberry, Hedge funds, Scottish independence...
22nd Aug 2014 07:36
Only six weeks after a revolt by investors over excessive pay at Burberry, its boss has boosted his bank balance by cashing in £5.2 million of shares. Christopher Bailey, a design expert elevated to the top job at the fashion house in May, exercised share awards worth £4.2 million that vested under
Read moreBurberry CEO trades in shares
21st Aug 2014 18:04
Christopher Bailey, the new chief executive of Burberry, has traded in more than £1m-worth of shares in the fashion label. The director sold 68,667 shares at 1,466.99p apiece. At the same price, he also sold 211,904 of the 288,120 shares he received from the company's co-investment plan, togethe
Read moreFriday broker round-up UPDATE
18th Jul 2014 07:55
Barclays: Credit Suisse cuts target price from 275p to 235p retaining a neutral rating. Barratt Developments: Liberum Capital reduces target price from 468p to 387p and downgrades to hold. Bellway: Liberum Capital reduces target price from 1900p to 1764p, while leaving its buy recommendation uncha
Read moreSunday newspaper round-up: Experian, Sports Direct, Shire
13th Jul 2014 12:24
Sir John Peace will suffer his third shareholder rebellion in three months this week when investors in Experian revolt over pay and succession plans at the credit checking company, the Sunday Times said. Peace will then have suffered rebellions at each of the three FTSE 100 companies he chairs. At B
Read moreBurberry investors vote down CEO's pay package
11th Jul 2014 14:32
Shareholders in Burberry voiced their concerns at the luxury fashion house's annual general meeting, where they voted down the lump sum payment its Chief Executive Officer (CEO) was expected to receive. The board angered investors after it was announced newly appointed CEO Christopher Bailey would
Read moreBroker tips: IAG, Burberry, Imperial Tobacco
11th Jul 2014 12:45
Upcoming results from British Airways owner International Consolidated Airlines Group (IAG) could help repair fragile sentiment in the European airline industry, according to Jefferies following recent negative newsflow which has hampered stocks. "Fallout from recent profit warnings has made airlin
Read moreFX headwinds take shine off strong Q1 at Burberry, says Deutsche Bank
11th Jul 2014 10:09
Deutsche Bank has repeated its 'hold' stance on luxury brand Burberry after worsening currency headwinds "took the shine off" a first-quarter update, which showed strong sales momentum. The British high-end fashion group reported that retail comparable sales grew 12% in the first three months of th
Read moreFriday newspaper round-up: Burberry, Airlines, North Sea oil...
11th Jul 2014 07:21
Burberry is braced for a substantial protest vote at Friday's annual general meeting after the British luxury brand angered investors with a more than £20m pay deal for new chief executive Christopher Bailey. Investor groups Pirc and the Investment Management Association (IMA) have flagged their con
Read moreLondon close: FTSE drops on Eurozone concerns
10th Jul 2014 16:59
- FTSE ends 45.67 points lower at 6,672.37 - BoE maintains rates and asset purchases - Trade deficit had widened to £9.2bn in May techMARK 2,770.07 -0.43% FTSE 100 6,672.37 -0.68% FTSE 250 15,439.87 -0.71% Following a sharp dip this morning, the Footsie spent much of the day firmly in the red befo
Read more