Tuesday preview: Carpetright, Thorntons, GDP
27th Jun 2011 16:35
Headlines featuring carpet and floor coverings retailer Carpetright have contained the words "profit warning" far too often this year for the peace of mind of patient shareholders. "Tough trading conditions in the UK and Republic of Ireland continued into the fourth quarter of our financial year,
Read moreFTSE 250 movers: CSR drops on Nokia concerns
2nd Jun 2011 16:03
CSR, the chipmaking firm, has taken a hit after Numis downgraded the group to 'add', from 'buy', on the back of worrying news from its major customer Nokia this week, which cut its second-quarter outlook. Heading the other way are the retailers, with Sports Direct, Carpetright and Dunelm posting im
Read moreFTSE 250 movers: Profit warnings batter Pace's share price
10th May 2011 15:29
The share price of set-top box maker Pace has taken a battering since the company announced its first quarter results on Tuesday morning, in which it lowered its guidance for the full year. The group said costs have been increased by the need to build up inventory levels ahead of schedule to ensur
Read moreBroker snap: Poor margin performance at Carpetright
10th May 2011 13:23
Singer Capital Markets has kept its negative stance on carpet and floor coverings retailer Carpetright, after the fiscal year ended 1 May 2011ended up worse than 2009. The UK and Republic of Ireland saw like-for-like sales fall 6.3% in the final 11 weeks of the year, while Europe suffered a 5.7% de
Read moreFTSE 250 movers: CSR rises after questioning merger
9th May 2011 13:33
Bluetooth chip specialist CSR is the best performer on the FTSE 250 after it questioned the recent results of US merger partner Zoran. The US peer said it is forecasting second quarter sales of $80-85m, down from a previous prediction of between $95-97m, after a disappointing first quarter. CSR said
Read moreLondon close: Flat finish on eventful day
27th Apr 2011 16:56
Shares lost their puff ahead of the close having burst into life following a sluggish start, but there were some big movers in both directions, particularly in the mid-cap index. First quarter GDP data was the main talking point though growth of 0.5% was in line with expectations. On the company f
Read moreFTSE 250 movers: Bodycote soars after strong quarter
27th Apr 2011 13:48
The big mover of the day is engineering firm Bodycote after it said it expects headline operating profit for the year to 31 December 2011 to be towards the top end of analysts' forecasts after strong demand for heavy trucks. The outlook impresses broker Prime Markets which said that the shares (curr
Read moreLondon midday: FTSE 100 bounces back
27th Apr 2011 12:05
Shares are slightly in the blue now, though the relatively calm performance overall belies some big share price movements in both directions following a stream of updates. Banking giant Barclays is lower after saw adjusted profit before tax rise 10% in the first quarter of 2011, despite a 15% slide
Read moreLondon open: Stocks move both ways after updates
27th Apr 2011 08:32
Shares have edged slightly lower in early dealings with some big name company updates getting a poor reception, though there are some significant risers. Banking giant Barclays is lower after saw adjusted profit before tax rise 10% in the first quarter of 2011, despite a 15% slide in top-line incom
Read moreLondon pre-open: Shares to edge slightly lower
27th Apr 2011 07:56
Shares are expected to open slightly lower as traders digest a raft of trading updates and await first quarter economic growth data later this morning. Controversial oil colossus BP saw its first quarter profit advance to $7,124m from $6,079m the year before. Replacement cost profit dipped to $5,48
Read moreCarpetright issues another profit warning
27th Apr 2011 07:21
Carpet and floor coverings retailer Carpetright warned underlying pre-tax profit for the year is expected to be slightly below the level of profits achieved in the 2009 full year as tough trading conditions continued in the fourth quarter. Group sales for the 11 weeks ended 16 April 2011 fell by 6
Read moreFTSE 250 movers: AZ Electronics lifted after upgrade
19th Apr 2011 14:01
Chemicals group AZ Electronic is the best performer after being upgraded from 'neutral' to a 'buy' by UBS after the stock's recent underperformance. "When initiating in December 2010, we said two things would make us a buyer of AZ: a cheaper valuation and establishing a track record during more diff
Read moreLondon close: Retailers lift Footsie higher
13th Apr 2011 16:08
While the Footsie came off its daily highs, it still managed to post a gain of close to 1% as strong results from ASOS boosted the retail sector higher. Meanwhile, stocks were recovering from the 89 point sell-off yesterday, its worst one-day fall since mid-March. Strong growth overseas helped the
Read moreLondon close: Shares in late dive
7th Apr 2011 16:43
Shares were little changed for much of the day as central banks in London and Frankfurt acted as expected, but another earthquake in Japan sent jitters through markets ahead of the close. The Bank of England kept its key lending rate unchanged. The European Central Bank, however, stuck to its scrip
Read moreLondon afternoon: FTSE 250 stocks take a bashing
7th Apr 2011 15:12
The blue-chip index moved into positive territory over the lunch time trading session as the Bank of England removed all doubt about its current focus on the health of the economy, rather than the inflation risk, and kept its key lending rate unchanged. The European Central Bank, however, stuck to
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