FTSE 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 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 moreThursday tips round-up: JD Sports, Smiths News, Burberry
14th Apr 2011 06:31
Peter Cowgill, chief executive of branded sports wear company JD Sports, warned that his customers are beginning to suffer from public spending cuts, wage freezes and high inflation. But one can never have enough white trainers and low-slung tracksuit bottoms. Hold, says the Telegraph. Smiths News
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 moreBroker snap: Cautious 2012 at JD Sports
13th Apr 2011 14:07
Singer Capital Markets said that sports retailer JD Sports Fashion reported a good set of full year results Wednesday, but downgrades are likely for 2012. Pre-tax profit for the year to 29 January rose 21% to £81.6m, ahead of the broker's forecast of £79m. However, "despite this solid performance,
Read moreFTSE 250 movers: Atkins' diet of Middle East orders
13th Apr 2011 12:08
Design and engineering consultancy WS Atkins said it expects full year results to be ahead of market expectations after a strong performance at its Middle East business. The group, which is the official engineering design services provider for the London 2012 Games, said overall it had traded well t
Read moreLondon midday: FTSE 100 wins back losses
13th Apr 2011 12:03
The top share index has won back most of yesterday's losses, with a rally in the mining sector driving the gains. Fresnillo leads the large cap miners higher. The Mexican miner's silver production slipped slightly in the quarter to 31 March, but expanded capacity at its Soledad-Dipolos mine helped
Read moreLondon open: FTSE 100 advances as miners rally
13th Apr 2011 08:30
A rally in the mining sector has dragged the top share index to within touching distance of the 6,000 point mark it has been bobbing around since the start of the year. Fresnillo leads the large cap miners higher. The Mexican miner's silver production slipped slightly in the quarter to 31 March, bu
Read moreLondon pre-open: Footsie to make assault on 6,000
13th Apr 2011 07:46
After yesterday's shake out buyers are expected to be back in force this morning with the FTSE 100 index tipped to open around 30 points higher, leaving a handful of points short of the 6,000 level. Mining giant Rio Tinto said first quarter production in Australia was hit by the extreme weather in
Read moreJD Sports 'extremely cautious' despite higher profits
13th Apr 2011 07:07
Teen outfitter JD Sports Fashion hiked its dividend by about 30% after reporting a sharp rise in profits but said it is "extremely cautious" on the outlook after a tough start to the current year. The sports-themed fashion retailer posted a pre-tax profit of £78.6m in the year to 29 January, up fro
Read moreWednesday preview: ASOS, JD Sports, gilts auction
12th Apr 2011 18:07
It could be a teen fashion shoot out on Wednesday with online clothes shop ASOS and sportswear retailer JD Sports Fashion both scheduled to make trading updates. Growth at ASOS has been at a rapid rate, leading many to fear that the shares will suffer a major correction the minute it becomes obviou
Read moreLondon close: Carnival sinks
22nd Mar 2011 16:57
A confident start was derailed by worse than expected inflation figures and a rally in the final hour of trading only brought out profit takers right at the death, leaving Footsie in the red. UK annual inflation rose faster than predicted in February, as surging utility bills drove up living costs.
Read moreLondon close: Heavy losses despite recovery
15th Mar 2011 16:42
The FTSE 100 closed deep in the red Tuesday amid continuing worries over the situation in Japan, though losses were more than halved following a slide in the morning as nerves calmed. A third explosion at the Fukushima Daiichi nuclear power plant in Japan has raised concerns of a major radiation le
Read moreLondon afternoon: Stocks stabilise
15th Mar 2011 14:27
Leading shares remain deep in the red and the best that can be said is that the situation did not get materially worse over the lunch time session. A third explosion at the Fukushima Daiichi nuclear power plant in Japan has raised concerns of a major radiation leak and sparked panic selling on the
Read moreLondon midday: Slide continues in quake aftermath
15th Mar 2011 12:09
The blue chip index continues to be hurt by the crisis in Japan as sentiment remains battered by fears of a nuclear disaster. While off its lows for the day so far, the FTSE 100 still remains over 2% under at around 5,640, a level not seen this year. A third explosion at the Fukushima Daiichi nucle
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