London open: Stocks rise on stimulus hopes
7th Jun 2012 08:35
- Eyes on Spanish auction - Central bank stimulus speculation boosts stocks - MPC to reveal rate decision at noon UK stocks headed higher on Thursday morning ahead of a crucial bond auction in Spain later on today; meanwhile speculation of central bank stimulus at home and abroad lifted sentiment e
Read moreVodafone's CFO sells a million shares
25th May 2012 15:39
Andy Halford, the Chief Financial Officer of Britain's biggest mobile phone company Vodafone, dumped a million shares on the market this week, almost halving his stake in the company. Halford, who took his seat on the board in 2005, sold 976,056 shares at 171.624p and 23,944 at 170.46p for a total
Read moreLondon close: Stocks sink on Greek exit speculation
23rd May 2012 16:39
- Officials warn Eurozone to prepare for Greek exit - BoE policy makers 'finely balanced' on more QE - CBO warns of US recession The FTSE 100 sunk to its lowest levels of the day by the end of trade on Wednesday as investors looked ahead to this evening's EU summit with caution as speculation incre
Read moreLondon midday: Triple-digit losses for the Footsie
23rd May 2012 11:30
- Papademos says preparations being made for Greek exit - CBO warns of US recession - Chinese growth to be hampered if Greece leaves euro London blue-chip index was registering steep losses on Wednesday as gains from the last two days were almost completely erased ahead of the EU summit this evenin
Read moreBroker tips: Burberry, Great Portland, FirstGroup
23rd May 2012 11:17
Investec has reiterated its buy recommendation and 1,690p target price for British luxury brand Burberry in spite of today's negative market reaction to the firm's full-year results. "We don't expect to change our underlying trading forecasts. The lack of upgrades may see bears take issue today, bu
Read moreBroker snap: Lack of upgrades at Burberry, but Investec stays a buyer
23rd May 2012 09:45
Investec has reiterated its buy recommendation and 1,690p target price for British luxury brand Burberry in spite of today's negative market reaction to the firm's full-year results. Adjusted pre-tax profits, up 26% year-on-year at £376m, were exactly in line with consensus, the broker said this mo
Read moreWednesday broker round-up
23rd May 2012 09:29
Barclays: Investec maintains buy recommendation and 240p target. BTG: Jefferies keeps buy rating and 410p target. Burberry: Nomura remains a buyer with a 1,530p target; Merchant Securities keeps hold rating; Investec reiterates buy rating and 1,690p target. Cobham: UBS ups target from 255p to 260
Read moreLondon open: Stocks drop ahead of EU summit
23rd May 2012 08:33
- Risk aversion ahead of EU summit - Papademos warns of 'catastrophic' effects - Burberry sinks after full-year results The Footsie sank in early trading on Wednesday as investors showed caution ahead of an eagerly-awaited EU summit later on this evening. Weighing on sentiment early on were commen
Read moreLondon pre-open: FTSE to fall ahead of European summit
23rd May 2012 07:30
City sources predict the FTSE 100 will open down 63 points from yesterday's close of 5,403, tracking Asian stocks lower as hopes of action from a meeting of European leaders being held later today fade. The drop puts an end to what had been a strong start to the week. UK banking titan Barclays ha
Read moreBurberry ups capex to expand retail space
23rd May 2012 07:04
Iconic British luxury brand Burberry reported solid and balanced growth in the year ended March 31st, with profits coming in marginally ahead of expectations. Adjusted profit before tax (which excludes restructuring costs and other items) increased by 26% from £298m to £376m, slightly ahead of cons
Read moreLondon close: Footsie battered again
18th May 2012 16:53
Footsie finished not far off its low for the day after a lunch-time rally fizzled out. With speculation rife in Spain that a ban on short-selling stocks might be reintroduced, holders of stock in UK banks Lloyds, Royal Bank of Scotland and Barclays could be forgiven that might not be such a bad id
Read moreSector movers: Burberry hit by China growth downgrade
18th May 2012 15:45
Fashion chain Burberry is dragging the Personal Goods sector down, ahead of its results next week. The firm, which counts China as one of its major export markets, always seems to take a hit when there is bad news about the economy of the People's Republic, and the catalyst this time is the downgra
Read moreSector movers: Burberry, SuperGroup drag down personal goods sector
23rd Apr 2012 17:15
There were no sectors on London's equity markets making gains on Monday after some weak economic data and political uncertainty weighed heavily on sentiment. Leading the downside were personal goods stocks with sector constituent Burberry dragging the category firmly into the red after some gloomy
Read moreLondon close: Macro data sees stocks surge
17th Apr 2012 16:59
- Footsie at intraday high by the close - Economic data from Eurozone and US boost buying - Banks and miners lead risers in London London's FTSE 100 index surged by nearly two per cent on Tuesday, as upbeat economic data from the Eurozone and US provided a spark in the banking and mining sectors. M
Read moreFTSE 100 movers: Burberry in bottom spot after growth eases
17th Apr 2012 14:55
Underlying revenue growth at luxury brand Burberry eased in the fourth quarter owing to a slowdown in growth at its Wholesale division, sending the stock into the bottom spot on the leaderboard. Total revenue grew to £1,027m in second half ended March 31st, from £877m in the same period the year b
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