FTSE 250 movers: Drinks stocks move both ways
15th Jul 2009 09:32
Shares in Britvic are fizzing again after the soft drinks firm yesterday said full year results would exceed expectations, but shares in IRN-BRU maker AG Barr are looking a bit flat. Shares in Burberry are lower even after the luxury clothing group revealed an 8% rise in first quarter sales and sai
Read moreBurberry hikes Q1 sales 8%
15th Jul 2009 07:31
Luxury fashion group Burberry revealed an 8% rise in first quarter sales and said it has made a solid start to the year despite continued challenges in the retail industry. The increase was mostly driven by strong demand in the UK and South Korea while trading in Spain and the US remained difficult
Read moreWednesday preview: ICAP, Burberry, JD Wetherspoon
14th Jul 2009 17:49
Inter-dealer broker ICAP's share price is trading at around twice the level it was back on 9 March, suggesting it has benefited from the revival in global stock markets since that date. Those markets have largely been moving sideways for the last two months, however, and ICAP's interim management
Read moreWeek Ahead: Pub groups, Burberry Group
10th Jul 2009 11:31
A number of pub groups are releasing trading statements in the week starting 12 July, including JD Wetherspoon, Enterprise Inns and Mitchells & Butlers. All three will have welcomed the recent hot weather in the UK when temperatures soared above 30 degrees Celsius, which is sure to have boosted sal
Read moreSector movers: WPP weighs on media sector
2nd Jun 2009 14:04
Advertising giant WPP is helping drag the media sector lower after another downbeat update. It said like-for-like sales in the first four month of the year dropped 6.7% after trading worsened in April. Not all media stocks are lower though. Marketing communications company Mission Marketing is high
Read moreWednesday tips round-up: Marks & Spencer, Burberry, Dairy Crest
20th May 2009 06:35
The time to buy shares in M&S is when sales are rising, it has a long-term chief executive in place and there is a solid strategic plan for the future. Now is clearly not the time on any of those counts. Avoid says the Telegraph. Burberry, the luxury goods group, hailed its full-year numbers as a s
Read moreLondon close: Miners and financials lead the way
19th May 2009 16:31
Strength among financial plays and miners guaranteed London gains Tuesday, although it had looked a close call following a weak start on Wall Street. A near-13% slump in US housing starts in April proved a drag mid-afternoon before US stocks regained their poise and moved higher. Anglo American fi
Read moreLondon afternoon: Shares off top after US housing starts shock
19th May 2009 14:15
Alarming US housing starts data looks set to put the kybosh on the prospect of a firm start on Wall Street and has had a knock-on effect in London, where share prices are coming off the top. Marks & Spencer remains the day's biggest blue-chip faller after it saw a sharp drop in pre-tax profits to
Read moreLondon midday: Equities advance on broad front
19th May 2009 11:53
Risers outnumber fallers by about four to one among Footsie constituents as London's leading shares shrug off disappointing figures from Marks & Spencer to continue yesterday's advance. M&S is the day's biggest blue-chip faller after it saw a sharp drop in pre-tax profits to £706.2m from £1.13bn. I
Read moreBurberry FY profit drops 12%
19th May 2009 07:37
High-end fashion retailer Burberry revealed a 12% decline in full year profit after a particularly tough second half. Adjusted profit before tax fell to £175m for the year ended 31 March 2009 from £200m the same time a year earlier. Total revenue was up 21% at £1.2bn. The full year dividend has be
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