Sunday newspaper round-up: Iran worries, bank start-ups, National Grid, Argos
17th Jan 2016 16:32
(ShareCast News) - Tumbling Middle East stock markets in the wake of the lifting of Iran's economic sanctions have set the scene for another white-knuckle ride on the FTSE 100 in the coming week. The possibility of a new wave of oil flowing from Iran oil onto an already saturated markets sent all se
Read moreDebenhams CFO backs company's success
15th Jan 2016 15:53
(ShareCast News) - Debenhams' chief financial officer is backing the company after a solid set of Christmas results. On Friday, Matt Smith purchased 25,000 for just over £19,000, taking the total number of shares he has an interest in to 53,000, a 0.004% stake. It followed solid Christmas trading w
Read moreDebenhams appoints Sir Ian Cheshire as new chairman
14th Jan 2016 15:38
(ShareCast News) - Department store operator Debenhams has appointed Sir Ian Cheshire, former chief executive of B&Q owner Kingfisher, as chairman and non-executive director. He will succeed Nigel Northridge, who plans to step down from the board in April after two terms in office. Northridge said
Read moreWednesday newspaper share tips: Market got Debenhams wrong
13th Jan 2016 10:57
(ShareCast News) - The Times' Tempus said on Wednesday that the market got Debenhams wrong, which has now delivered on its promises. On Tuesday the retailer reported solid Christmas trading, beating analysts' expectations. For the 19 weeks to 9 January, like-for-like sales were up 1.9%, comfortably
Read moreFTSE 250 movers: Debenhams solid Christmas trading spurs on market
12th Jan 2016 14:37
(ShareCast News) - The FTSE 250 was in the black by mid-afternoon Tuesday, rising 124.94 points (0.75%) to 16,783.26. Debenhams led the charge after the retailer reported solid Christmas trading, beating analysts' expectations. For the 19 weeks to 9 January, like-for-like sales were up 1.9%, comfor
Read moreDebenhams surges as Christmas sales beat expectations
12th Jan 2016 07:20
(ShareCast News) - Shares in Debenhams surged on Tuesday after the retailer reported solid Christmas trading, beating analysts' expectations. For the 19 weeks to 9 January, like-for-like sales were up 1.9%, comfortably beating expectations for a 0.1% drop and better than last year's 0.8% decline. G
Read moreTuesday preview: Morrisons and Debenhams report Christmas trading
11th Jan 2016 12:32
(ShareCast News) - WM Morrison Supermarkets is expected on Tuesday to report a drop in sales over the Christmas period amid tough competition and heavy discounting in the sector. UBS said it predicts a 2.5% fall in like-for-like (LFL) sales in the nine weeks to 3 January, compared to a 2.6% decline
Read moreFTSE 250 movers: Strong trading leads Supergroup to top of the pack
16th Dec 2015 15:28
(ShareCast News) - The FTSE 250 was on track to finish the day in the green on Wednesday, up 78.47 points (0.46%) to 17,078.03 by mid-afternoon. Supergroup led the risers after it released its half year report, showing strong trading leading to positive sales growth. The owner of popular faux-Japane
Read moreSunday newspaper round-up: Debenhams, Buy-to-Let boom, Lonmin
13th Dec 2015 19:42
(ShareCast News) - Debenhams has watered down the targets its bosses need to hit to receive multimillion-pound paydays, saying the lower hurdles reflect "ongoing challenges in the UK retail sector". The struggling department store chain, whose chief executive resigned in October after a wave of shar
Read moreFTSE 250 movers: Spire downgrade leads market south
3rd Dec 2015 14:26
(ShareCast News) - The London markets took a turn downhill after the ECB announced a 10 basis point cut to the deposit rate to -0.30%, as expected. After a morning of gains, the FTSE 250 was down 132.16 (0.75%) to 17,421.76 by mid-afternoon Thursday. Spire Healthcare led the fallers after Investec
Read moreDebenhams tumbles on Goldman downgrade
3rd Dec 2015 12:08
(ShareCast News) - Debenhams shares were under pressure on Thursday after Goldman Sachs downgraded the stock to 'sell' from 'neutral', pointing to slowing space growth. "As one of the UK general retailers wrestling with the online channel shift dynamic, and in recent times suffering from store-based
Read moreSunday newspaper round-up: Paris reaction, banking fallout, HBOS, Rolls
15th Nov 2015 15:57
(ShareCast News) - Analysts and strategists have predicted European and Asian stock markets will fall sharply but not lead to a major crash on Monday amid fears that the terror attacks in Paris will hurt Europe's economic recovery. European markets are expected to lose 2% when trading begins, with t
Read moreLondon close: Stocks end higher after China rate cuts, positive PMIs
23rd Oct 2015 16:19
(ShareCast News) - The FTSE ended the week on a high note after China's central bank cut key rates and as better-than-expected manufacturing reports in the Eurozone and the US boosted investor confidence. The People's Bank of China said it will cut its one-year deposit rate and one-year lending rate
Read moreLondon close: Stocks close higher as ECB leaves door open to more QE
22nd Oct 2015 16:08
(ShareCast News) - London stocks closed higher after earlier declines as the European Central Bank's president fuelled hopes of further stimulus. Mario Draghi said the ECB will re-examine its quantitative easing programme in December and would consider extending €60bn monthly purchases past the plan
Read moreFTSE 250 movers: SIG's outlook drives market down
22nd Oct 2015 13:37
(ShareCast News) - The FTSE plunged shortly after opening and by mid-afternoon sat at 16,936.86 points, down 99.82 (0.59%). SIG led the market down, dropping over 20% after it revealed it is expecting a fall in underlying pre-tax profit for the year due to challenging market conditions in mainland E
Read more