Sector movers: Miners out of favour
3rd May 2011 14:32
The mining sector is under the weather today on the back of falling metals prices. Metals prices have continued to fall since the death of Al-Qaeda leader Osama Bin Laden yesterday, which triggered a sell-off in the 'safe-haven' investments of precious metals, as geopolitical anxieties eased. We
Read moreSector movers: Mining sector unwanted
26th Apr 2011 15:00
The mining sector is one of the worst performing sectors driven lower by silver and gold miner Hochschild Mining. The firm said that production at its 51%-owned San Jose silver and gold mine in Argentina has stopped due to a strike. The Argentine Mining Labour Association initiated the action due t
Read moreFTSE 100 movers: IAG tops the risers
26th Apr 2011 14:31
Airline IAG, luxury brand Burberry and chip giant ARM are the best performing blue chips. Rio Tinto is edging higher after coming to an agreement with the government of Guinea, paving the way for work to begin on the Simandou iron ore project in the southern part of the country. Meanwhile, sector
Read moreBroker tips: Burberry, Premier Foods, Hunting
20th Apr 2011 12:21
UBS raises its numbers for luxury fashion brand Burberry after a bullish conference call that suggested another strong year ahead. The broker expects another year of solid underlying top-line growth heading into 2012: retail is said to benefit from a 12-13% increase in selling space and continued m
Read moreBroker snap: Burberry estimates upped to reflect guidance
20th Apr 2011 11:48
UBS raises its numbers for luxury fashion brand Burberry after a bullish conference call that suggested another strong year ahead. "Management hosted a very confident conference call, signing off on a strong fiscal year 2011 as underlying top-line growth amounted to +24%, driving by broad-based per
Read moreLondon close: FTSE 100 wins back some losses
19th Apr 2011 17:02
Shares staged a recovery after some heavy losses yesterday, though the gains were subdued by trading's close. Tesco fell even after new chief executive Philip Clarke delivered profits and sales that were in line with expectations as he unveiled the supermarket giant's results for the year to 26 Feb
Read moreSector movers: Burberry lifts personal goods sector
19th Apr 2011 14:10
The personal goods sector is the best performing sector of the day, lifted higher by luxury brand giant Burberry. The group said it profits for the financial year to March 31 to be at the top end of expectations after a strong performance in the final few months. Sector peer Supergroup is also fi
Read moreFTSE 100 movers: Burberry tops the risers
19th Apr 2011 13:48
Luxury fashion brand Burberry is the best performing blue chip after announcing that it expects profits for the financial year to March 31 to be at the top end of expectations after a strong performance in the final few months. Miners Fresnillo, Anglo American, Lonmin, Xstrata, BHP Billiton and Ve
Read moreLondon midday: Mixed reception for company updates
19th Apr 2011 12:00
Shares have remained steady after winning back some of yesterday's losses in early dealings, with shares moving in both directions after updates. Tesco is lower even after new chief executive Philip Clarke delivered profits and sales that were in line with expectations as he unveiled the supermarke
Read moreLondon open: Shares in partial recovery
19th Apr 2011 08:22
The top share index has won back some of yesterday's heavy losses, with company updates tempting buyers. However, Tesco is lower even after new chief executive Philip Clarke delivered profits and sales that were in line with expectations as he unveiled the supermarket giant's results for the year t
Read moreBurberry expects high-end profits
19th Apr 2011 07:40
Luxury fashion label Burberry expects profits for the financial year to March 31 to be at the top end of expectations after a strong performance in the final few months. Total revenues rose by 30% from the previous year on an underlying basis to £860m. In the retail division, where underlying sales
Read moreTuesday tips round-up: Burberry, Acta, Jupiter
19th Apr 2011 06:30
Burberry, the luxury goods group, is expected to maintain its strong momentum by posting a sharp uplift in second-half sales today. Burberry's shares - which are up by more than 60% in the past year - have also been buoyed by persistent bid speculation. Given the valuation of 21 times forward earnin
Read moreTuesday preview: Tesco, Burberry, Redrow
18th Apr 2011 18:07
Supermarket giant Tesco brings out results for the year to 27 February on Tuesday, the first set of results delivered by new boss Philip Clarke. Sam Hart, of broker Charles Stanley, thinks the company will make a profit before tax of £3.5bn, up from £3.18bn the year before, on sales of £62.5bn, up
Read moreThursday tips round-up: JD Sports, Smiths News, Burberry
14th Apr 2011 06:31
Peter Cowgill, chief executive of branded sports wear company JD Sports, warned that his customers are beginning to suffer from public spending cuts, wage freezes and high inflation. But one can never have enough white trainers and low-slung tracksuit bottoms. Hold, says the Telegraph. Smiths News
Read moreLondon afternoon: Burberry eases after third quake
11th Apr 2011 14:15
The Independent Commission on Banking (ICB) has issued its interim report on changes proposed for the sector, and while Lloyds Banking has had a grumble about the ICB's recommendation that it should have to sell more than 600 branches, the market's reaction is that the report looks favourable for th
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