London pre-open: Burberry powers on
15th Nov 2011 07:31
London is set to continue yesterday's lower trend, with City sources predicting the FTSE 100 will open down 35 points from yesterday's close of 5,519 ahead of today's inflation figures. Fashion label Burberry's adjusted profit before tax in the six months to the end of September rose 26% from a ye
Read moreBurberry slides but brokers say keep the faith
15th Nov 2011 07:24
Brokers generally gave interim results from Burberry, the luxury fashion retailer, the thumbs-up but traders banked profits on the stock after its recent good run. The company saw underlying profits before tax rise 26% to £161.6m in the six months to the end of September from £128.5m at the interi
Read moreTuesday preview: Burberry, Johnston Press, Euro GDP, UK inflation
14th Nov 2011 18:23
Fashion brand Burberry has undoubtedly been one of the success stories of the last decade, and broker Charles Stanley thinks the good run is set to continue with Tuesday's interim results. The broker is going for sales of £830m, up from £641m at the interim stage last year, while profit before tax
Read moreLondon close: Financials lower as euro fears persist
14th Nov 2011 16:40
Financials led the decline on Monday, bearing the brunt of Eurozone contagion fears. All eyes were on the bond market as yields on Italian and Spanish debt crept higher. ALL EYES ON BOND MARKETS The Italian Treasury met its target after issuing €3bn in five-year debt today, and while demand improv
Read moreLondon close: Italian vote drives late surge
11th Nov 2011 16:46
Just four stocks finished in the red in London as the Footsie closed 1.85% higher, near its highest levels of the day. Sentiment was given a lift around midday after positive newsflow out of Italy and some encouraging economic data from the US. ITALIAN YIELDS DOWN; US DATA PROVIDES A LIFT Italy's
Read moreSector movers: Spectris sparks electrical stocks
11th Nov 2011 16:33
A near-9% jump in the share price of Spectris has boosted the electronic and electrical equipment sector today, with constituents making an average gain of 4.34%. Spectris, the precision instrumentation and controls company, saw like-for-like revenue growth across all four of its sectors during the
Read moreWeek ahead: Eurozone GDP, Burberry, SABMiller
11th Nov 2011 10:45
Next week will likely focus on the ongoing developments in the Eurozone, especially with the region's economic growth data due out on Tuesday. However, several blue chip companies will release their interim results, including Burberry, SABMiller and ICAP. The flash estimate of third quarter Eurozon
Read moreLondon close: Higher finish after choppy day
12th Oct 2011 16:36
London's leading share index closed in the blue as worries over the Slovak parliament's rejection of the European Financial Stability Fund (EFSF) gave way to optimism that it will be passed. SLOVAK SEE-SAW Late Tuesday night, just 55 of the 150 MPs in Slovakia's parliament voted in favour of expan
Read moreLondon midday: Stocks rally as Slovak shock fades
12th Oct 2011 12:05
London's leading share index has staged an impressive rally with worries following the Slovakian parliament's rejection of the euro bailout fund giving way to hopes that the small central European state will soon ratify the deal. SLOVAK HEADACHE, GERMAN REASSURANCE Late Tuesday night, just 55 of t
Read moreUPDATE: Wednesday broker round-up: Goldman takes down Man and SSE
12th Oct 2011 09:16
Man: Goldman Sachs takes target price down to 230p from 290p. Scottish & Southern: Goldman Sachs adds to 'Conviction sell' list. Imperial Tobacco: Credit Suisse reiterates overweight. United Utilities: Morgan Stanley downgrades to 'neutral'. Robert Walters: Credit Suisse retains at neutral and
Read moreLondon open: EFSF worries weigh on Footsie
12th Oct 2011 08:28
Just eight of the 100 stocks on the Footsie were making gains on Wednesday morning, following the news that the Slovakia failed to agree on the extension of the Eurozone rescue fund. SLOVAKIAN HEADACHE Late Tuesday night, just 55 of the 150 MPs in Slovakia's parliament voted in favour of expanding
Read moreLondon pre-open: Slovakian hangover
12th Oct 2011 07:26
Slovakia's government became the first to topple over opposition to bailing out indebted Eurozone economies after the country's parliament voted down approval for enhancing the bloc's rescue fund last night. Although the outcome was expected, it has still unnerved markets a little, with the result
Read moreSales slow down at Burberry
12th Oct 2011 07:05
Sales growth decelerated across all divisions at Burberry in the second quarter, as the firm revealed that wholesale - which accounts for over a quarter of group revenues - would see a significant slowdown. The British luxury brand also did not address a key issue that the market was hoping for - h
Read moreWednesday preview: Burberry to address China crisis
11th Oct 2011 16:38
Fashion chain Burberry lost its "stock market darling" tag in the back end of September as fears grew that growth in China, one of Burberry's major markets, could be on the wane. Wednesday's second quarter (Q2) trading statement from what is one of Britain's flagships in the fashion world may addres
Read moreLondon close: Strong finish for FTSE 100
10th Oct 2011 16:32
Stocks were posting big gains at the close of play, with a strong start on Wall Street supporting earlier gains in London. With stocks news thin on the ground, it was the Eurozone saga that was once again the centre of attention. Global stocks rose moderately on Monday on hopes that an agreement be
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