Tuesday preview: Barclays, InterContinental Hotels, inflation
14th Feb 2011 16:48
Results from Barclays on Tuesday are as likely to feature on the front pages as they are on the City pages. Market consensus is for profit before tax for 2010 of £5.54bn, up from 2009's £4.59bn. Revenue is slated to rise to £30.25bn from £29.95bn in 2009. "The key trends in the third quarter resu
Read moreDomino's Pizza confirms Batchelor as heir apparent
21st Jan 2011 08:13
Lance Batchelor, a non-executive director at Domino's Pizza for the past six months, has been appointed deputy chief executive on a full-time basis and now appears almost certainly the successor to current chief Chris Moore. "As a growing FTSE250 Company, we take our succession planning very seriou
Read moreThursday newspaper round-up: BP, oil price, HMV
20th Jan 2011 06:15
Some of Russia's richest oligarchs have warned of possible legal action against BP over its £10 billion share swap with Rosneft. Stan Polovets, chief executive of the Alfa-Access-Renova consortium that is BP's 50-50 joint venture partner in TNK-BP, told The Times that his company had asked BP to han
Read moreFriday tips round-up: Hays, Ryanair, Cape...
7th Jan 2011 06:45
As one of the world's biggest suppliers of white-collar staff, Hays provides a pretty clear indicator of economic trends. Yesterday's trading statement demonstrates this. Asia Pacific is motoring along, having come swiftly out of the downturn last autumn, with like-for-like growth in net fees of 3
Read moreThursday tips round-up: CRH, Tullett Prebon, Domino's Pizza
6th Jan 2011 06:40
CRH, the building materials producer that is Ireland's biggest company, spent €367m (£312m) on 17 different purchases in the second half, bringing the year's total to €536m, well ahead of the €450mspent in 2009 and back to pre-crash levels. The group has one of the strongest balance sheets in the
Read moreLondon close: Strong start to 2011 continues
5th Jan 2011 16:44
An afternoon rally helped the FTSE 100 build on yesterday's strong start to the year and stay at levels not seen since the first half of 2008, well in advance of the global economic crash. The turnaround in fortunes was inspired by some strong US jobs data, with payroll processor ADP reporting a re
Read moreFTSE 250 movers: CSR wanted ahead of electronics show
5th Jan 2011 15:41
Chip designers are in favour ahead of the Consumer Electronics Show in Las Vegas, which boots up tomorrow. CSR heads the list of FTSE 250 risers. Delivery firm Ocado is having a much better 2011 so far than it did 2010. The online grocer's shares are up more than 23% over the last week and now trad
Read moreLondon afternoon: Footsie back above 6,000
5th Jan 2011 14:04
Footsie has scrambled back above 6,000 over the lunch time session though the blue-chip index remains slightly lower on the day. Miners remain a drag on the index, with the likes of Antofagasta, Anglo American, BHP Billiton and Kazakhmys falling back in line with softer metals prices. Retailers
Read moreBroker tips: Next, Jardine Lloyd, Domino's
5th Jan 2011 12:53
Financial services group Matrix highlights the weak sales figures at Next as atypical of the sector and places the target price for the high street fashion chain under review. For the five months to 24 December, the group blamed its poor sales on bad weather and poor availability of best selling li
Read moreBroker snap: Domino's impresses with winter sales
5th Jan 2011 12:31
Domino's Pizza's fourth quarter sales exceeded Peel Hunt's forecasts, as the group dealt with the snow disruption better than expected. The pizza delivery firm saw like-for-like (LFL) sales in the final period grow by 10.3% whereas the broker expected the bad weather to produce a figure lower than
Read moreLondon midday: Shares give back some gains
5th Jan 2011 12:07
The FTSE 100 is firmly in the red after yesterday's strong gains amid weakness in the mining and retail sectors. With metals prices falling back following a strong run recently, miners such as Antofagasta, BHP Billiton and Kazakhmys are weak. Retailers are in focus, with Next one of the top riser
Read moreLondon open: Blue chips open lower
5th Jan 2011 08:56
London has opened weaker, continuing the softer trend seen towards the end of yesterday's session with retailers and food groups under pressure. The snow lost Next an estimated £22m of full price sales in the run-up to Christmas - about 2.2% of the season's total sales - although the high street fa
Read moreLondon pre-open: Retailers in focus
5th Jan 2011 07:37
London looks set to open weaker, continuing the softer trend seen towards the end of yesterday's session. City traders expect the FTSE 100 index will open down by about 6 points from last night's close. Retailers are in focus in the early going. The snow lost Next an estimated £22m of full price sa
Read moreExtra topping of profits from Domino's
5th Jan 2011 07:07
Fast growing pizza delivery firm Domino's Pizza will deliver an extra topping of profits after a strong finish to 2010. System sales for the 13 week period to 26 December increased by 17.8% to £132.5m from £112.4m in the corresponding period of 2009. That took system sales for the 52 weeks ended
Read moreFriday tips round-up: Domino's Pizza, Britvic, Kingfisher...
3rd Dec 2010 06:45
The last two cold snaps boosted like-for-like sales at Domino's Pizza as peckish consumers, wary of slippery pavements, decided to phone for fast food. Domino's was ready to meet the challenge with its fleet of scooters, which made inroads in areas where larger vehicles were held back by the snow.
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