London midday: Footsie back to square one
4th Jan 2012 10:38
UK equities are seeking direction after a morning in which the Footsie moved in a narrow band ranging from 5689 to 5720. Fashion chain Next is a drag on the index, after a cautious trading statement. The company said "despite a good final week before Christmas, November and December sales were disa
Read moreLondon open: Retailers caned after Next disappoints
4th Jan 2012 08:38
Footsie has defied expectations of a soft start and has crept above the 5,700 barrier, helped by continuing demand for resource stocks. Fashion chain Next is a drag on the index, however, after a cautious trading statement. The company said"despite a good final week before Christmas, November and D
Read moreLondon pre-open: Stocks to open lower after yesterday's boom
4th Jan 2012 07:35
Stocks are set to start the day lower as they settle down following Tuesday's strong trading. City sources predict the FTSE 100 will open down 24 points from yesterday's close of 5,700. Pizza delivery firm Domino's Pizza saw a slow-down in year-on-year like-for-like sales (LFL) growth in the fina
Read moreBrokers show little appetite for Domino's Pizza
4th Jan 2012 07:03
Pizza delivery firm Domino's Pizza saw a slow-down in year-on-year like-for-like (LFL) sales growth in the final quarter of 2012, as expected, but said it is on target to meet full-year profit expectations. In the 13 weeks to December 25th, LFL sales rose by 3.6%, down from the preceding quarter's
Read moreWednesday preview: Next and Domino's Pizza
3rd Jan 2012 17:53
Wednesday looks like it could be a big day for the retail sector with fashion chain Next making a trading announcement that should give a clue to how the festive shopping season went. The retailer is set to release sales figures covering the period up to and including Christmas Eve, and may also pro
Read moreBroker tips: Pearson, Domino´s, Vedanta
3rd Jan 2012 13:16
In a research note issued this morning analysts at Credit Suisse have raised their price target on Pearson by 9%, to 1,175p, as the publisher remains their, "preferred long-term Professional Publisher for quality." Credit Suisse points out that shares of Pearson are now trading at a 5% premium to t
Read moreBroker snap: Panmure Gordon reiterates sell on Dominos
3rd Jan 2012 11:04
Analysts at Panmure Gordon are today reiterating their sell verdict on shares of Domino´s Pizza. This ahead of the company´s interim management statement expected out tomorrow. In particular, the broker believes that the company´s rate of sales growth will be weighed upon by "relatively tough comp
Read moreFTSE 250 Movers: SThree takes a dive
2nd Dec 2011 14:07
SThree, the specialist recruitment business, was the biggest faller after profits were seen to be slowing in the final quarter, however, with Q4 up only 10% compared to the equivalent period of 2010. Gross profits by the end of November were £195m versus a 2010 figure of £166.4m. In the UK profits
Read moreFTSE 250 Movers: Miners rocket on central bank action
30th Nov 2011 15:44
Miners dominated the risers on the FTSE 250 on Wednesday after news that central banks are working together to ease strains in the financial markets sent stocks soaring. The mining sector swung into the blue, despite falling earlier on, after the People's Bank of China (PBOC) had lowered the legal
Read moreThursday tips round-up: Caretech, Domino's, Babcock International
29th Sep 2011 06:34
CareTech, the care home operator, was hit by a messy corporate governance row over capitalising the cost of its M&A team, which is not generally the done thing, and the fallout from the collapse of the larger Southern Cross. At the current price, the shares trade on about 4.4 times earnings for the
Read moreLondon close: Stocks dive in late trading
28th Sep 2011 16:40
Stocks gave up an earlier rally to finish firmly in the red amid continued nervousness ahead of an audit of Greece's finances. There is speculation that some countries in the Eurozone are demanding that private investors take a bigger hit on their holdings of Greek debt. European Commission Presi
Read moreFTSE 250 Movers: Domino lowered to 'hold'
28th Sep 2011 14:31
Domino's Pizza was heading south after stock broker Peel Hunt lowered its recommendation on the firm to "hold" from "buy" on valuation grounds, despite a strong trading update from the pizza deliverer. Melrose saw its share price rise after it walked away from a bidding race with Colfax for fello
Read moreBroker tips: Domino's Pizza, Aberdeen Asset, Burberry
28th Sep 2011 14:15
Peel Hunt has lowered its recommendation on on Domino's Pizza to "hold" from "buy" on valuation grounds, despite a strong trading update from the pizza deliverer. Domino's Pizza posted like-for-like sales growth of 3.9%, up from 2.4% in the first half. "We see the stock as a core leisure holding
Read moreBroker snap: Panmure delivers Domino's downgrade
28th Sep 2011 13:05
Peel Hunt has lowered its recommendation on Domino's Pizza to "hold" from "buy" on valuation grounds, despite a strong trading update from the pizza deliverer. Domino's Pizza posted like-for-like sales growth of 3.9%, up from 2.4% in the first half. "We see the stock as a core leisure holding wi
Read moreLondon midday: Stocks win back losses after Barroso comments
28th Sep 2011 12:16
The top share index is flat now after winning back earlier losses, with comments by European Commission President Jose Manuel Barroso helping to stoke optimism that the euro crisis will be resolved. Barroso has called on the European Central Bank to do everything in its power to maintain stability
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