Broker tips: Burberry, Moneysupermarket.com, Safestore
8th Jul 2011 12:50
Credit Suisse kept its neutral rating and 1,310p target price for luxury brand Burberry, despite expecting the group to report another strong quarter on 13 July. The broker forecasts sales of £342m for the first quarter, an increase of 23% on the same quarter the year before. This figure will be dr
Read moreBroker snap: Credit Suisse expects strong quarter for Burberry
8th Jul 2011 12:43
Credit Suisse kept its neutral rating and 1,310p target price for luxury brand Burberry, despite expecting the group to report another strong quarter on 13 July. The broker forecasts sales of £342m for the first quarter, an increase of 23% on the same quarter the year before. This figure will be dr
Read moreStobart's Alan Kelsey jumps aboard
8th Jun 2011 15:38
New Stobart director Alan Kelsey has wasted no time opening his account with the logistics giant, spending nearly £77,000 on shares. He took 55,000 shares at just under 140p a time. Kelsey, 62, joined Stobart last month. He has been corporate development director at the rail and bus group National
Read moreFTSE 100 movers: Johnson Matthey's results disappoint
2nd Jun 2011 15:45
Full-year profits from speciality chemicals group Johnson Matthey came in ahead of market expectations with good performances in all parts of the business. However, investors seemed underwhelmed as the stock sunk on the blue chip index on Thursday. The miners are falling lower, as metals prices dec
Read moreLondon midday: Banks provide a boost
27th May 2011 12:05
The Footsie is around 1% higher at the midday point, holding on to early gains. The banking sector is performing well today after positive comments from Citigroup. The US bank upped its rating on European banks to 'overweight', saying that the recent decline in the share prices provides a good entr
Read moreLondon close: FTSE 100 edges higher again
26th May 2011 16:51
The FTSE 100's hesitant performance since Monday's dive has continued, with the top share index closing just a few points higher. Among the risers was Man Group whose adjusted profit before tax rose to $599m in the year to 31 March from $560m the year before, ahead of company guidance. Statutory pr
Read moreSector movers: Mondi boosts forestry and paper sector
26th May 2011 15:15
Paper and packaging firm Mondi is providing a boost in the forestry and paper sector. Earlier this month, Mondi said that underlying profit in the first quarter of 2011 of €187m was well ahead of the figure for the corresponding period of 2010. Following the results, RBS said that the stock was i
Read moreFTSE 100 movers: Weir rises above the rest
26th May 2011 14:37
Engineering titan Weir is a strongest gainer, roaring over 5% higher on Thursday afternoon. Meanwhile, the mining sector is dominating the risers, with Antofagasta, Lonmin, Anglo American and Fresnillo in demand, Man Group, the hedge fund manager, is performing well after full-year pre-tax profit
Read moreLondon midday: Stocks clinging on despite mixed updates
26th May 2011 12:15
Stocks are holding onto their modest early morning gains, after a mixed reception for company updates. Among the risers is Man Group whose adjusted profit before tax rose to $599m in the year to 31 March from $560m the year before, ahead of company guidance. Statutory profit before tax tumbled to $
Read moreLondon open: Stocks move higher
26th May 2011 08:29
Shares have edged higher following an improvement on Wall Street after London closed yesterday. Among the risers is Man Group whose adjusted profit before tax rose to $599m in the year to 31 March from $560m the year before, ahead of company guidance. Statutory profit before tax tumbled to $324m fr
Read moreLondon pre-open FTSE 100 to post gains
26th May 2011 07:48
The top share index is seen posting gains following a fightback on Wall Street last night. In company news this morning, strong sales of non-clothing items such as leather handbags helped the luxury fashion group Burberry to a sharp rise in sales in the year to 31 March. Adjusted pre-tax profit ros
Read moreAccessories and emerging markets boost Burberry
26th May 2011 07:05
Strong sales of non-clothing items such as leather handbags helped the luxury fashion group Burberry to a sharp rise in sales in the year to 31 March. Adjusted pre-tax profit rose by 39% from the previous year to £298m on revenue that climbed by 27% to £1.5bn. The full-year dividend has been increa
Read moreThursday preview: Burberry, Daily Mail, Man Group
25th May 2011 17:25
Burberry is undoubtedly one of Britain's gilt-edged brands and it is amazing to recall that it was once thought in some circles that the popularity of the Burberry check baseball cap with "chavs" in the previous decade had fatally undermined the value of the brand. More recently, the shares have co
Read moreSector movers: Burberry lower ahead of results
25th May 2011 15:52
Burberry, the luxury fashion brand, is dragging the personal goods sector lower. The group is due to report its final results on Thursday, and revealed in April that it expects profits for the year to 31 March to be at the top end of forecasts, after a strong final quarter. Shares have risen by ar
Read moreMonday newspaper round-up: RBS, LSE, IMF, The Prelude
23rd May 2011 06:14
Royal Bank of Scotland is braced for the City regulator to refer to Sir Fred Goodwin's alleged affair with a colleague in its long-awaited report into the bank's collapse. As the fallout from Sir Fred's superinjunction spreads, the Financial Services Authority (FSA) has contacted the bank for detail
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