Broker tips: British Land, Autonomy, JD Sports
16th Nov 2010 12:56
Despite trimming full year net asset value estimates KBC Peel Hunt retains a 'buy' for real estate group British Land. The property group's valuation increase in the first half was 2.6%, driven principally by office lettings with only a "modest contribution from yield compression". The 0.7 percent
Read moreLondon midday: Battering for blue chips
16th Nov 2010 12:16
Footsie is deep in the mire after the late swoon on Wall Street last night and concerns over the health of the entire eurozone. Miners have tanked with metals prices, while banks are still edgy over the sovereign debt situation in Ireland. Kazakhymys, Fresnillo, Xstrata, Anglo American and Antofa
Read moreBroker snap: JD discount appears excessive
16th Nov 2010 10:46
Broker finnCap is holding fire on possible changes to forecasts for JD Sports Fashion until after the retailer's all-important Christmas trading period. For the four weeks to 28 August, JD reported UK and Ireland like-for-like sales growth of 2.7% providing "encouraging news", since the broker's fo
Read moreJD Sports Fashion sales keep rising
16th Nov 2010 07:46
Sales have continued rising and margins have been maintained since JD Sports Fashion's last update in September, the trendy sportswear retailer said today. The company added that its result for the full year depends on sales and margins in December and January. 'We are inevitably cautious about ma
Read moreFTSE 250 movers: JD Sports out of fashion
22nd Sep 2010 14:09
Trendy sportswear retailer JD Sports Fashion has given up some of the gains that mostly came the day before yesterday's announcement of a sharp rise in profits. Elsewhere in world of clothes retail, department store Debenhams and Supergroup, the company behind the ultra-cool SuperDry label, are als
Read moreLondon close: Footsie turns lower as US nerves kick in
21st Sep 2010 16:33
Footsie fell into the red in late trading as nervousness kicked in on Wall Street ahead of the Federal Reserve's statement on the outlook for the US economy this evening. The Fed will also make its rate decision. In company news here, Cairn Energy was a strong performer after an update of drillin
Read moreLondon afternoon: Footsie cruises higher
21st Sep 2010 14:27
The blue-chip index edged a little higher over the lunch time session but traders are reluctant to go too far out on a limb prior to the Federal Reserve's rate decision, due to be announced this evening. Dual-listed cruise operator Carnival said third quarter revenues rose to $4.4bn from $4.1bn th
Read moreLondon midday: Slick gains from oil companies
21st Sep 2010 12:04
Footsie has recovered its poise after taking a bit of a knock following disturbing public sector borrowing figures. The measure of public sector net borrowing came in at £15.302bn, up from £14.1bn in August last year, and well ahead of forecasts of £12.51bn. Cairn Energy is the best performer after
Read moreLondon open: Footsie makes small gains
21st Sep 2010 08:54
Footsie has opened higher encouraged by yesterday's 145-point surge on Wall Street and some bullish company news. Online betting exchange Betfair must think the recent rally is sustainable. It is to take a punt on the market's appetite for new issues and float in London. No pricing details accompan
Read moreJD Sports profit surges
21st Sep 2010 08:33
JD Sports, the sport-themed fashion chain, scored a 64% gain in first-half pre-tax profit, but, as always, results for the full-year remains "very dependent" on December and January trade. Profit before tax in the 26 weeks ended 31 July leapt to £16.6m from £10.1m in 2009 and was up 36.5% to £19.4m
Read moreLondon pre-open: Indecisive start in store
21st Sep 2010 07:37
In keeping with the other major European indices the Footsie is expected to open barely changed from last night's close, with traders keeping their powder dry ahead of this evening's announcement from the US Federal Reserve about its interest rate policy and, more importantly, its stance on further
Read moreFTSE 250 movers: JD Sports in fashion before results
20th Sep 2010 18:02
JD Sports Fashion was sharply higher ahead of tomorrow's half-year results from the trendy sportswear retailer. Elsewhere in retail, Carpetright was in demand but bike and car parts group Halfords was left on the shelf. Insurer Brit Insurance was wanted after Friday's late announcement that the co
Read moreLondon close: Second wind lifts Footsie higher
20th Sep 2010 16:40
A strong start on Wall Street ensured Footsie finished with good gains having started the day on a strong footing. US shares moved ahead including housebuilder and economic bellwether Lennar, which beat profit forecasts. Part-nationalised banking giant Lloyds Banking held up well after it was ann
Read moreTuesday preview: Carnival, JD Sports, US rate decision
20th Sep 2010 16:24
The share price of cruise operator Carnival has been steaming higher over the last month, rising 18% or so over the period, but it is still not back to the levels seen before the company's disappointing second quarter update, when the company revealed lower profits and reduced third quarter guidance
Read moreFTSE 250 movers: De La Rue falls after taking £35m hit
7th Sep 2010 12:23
Shares in banknote printer De La Rue fell after it said that some of its employees had been deliberately falsifying paper specification test certificates for banknotes. The problems will impact pre-tax profits by at least £35m for the first half of the year, the company said. Shipment of affected b
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