London 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
Read moreSector movers: Retailers fall despite higher sales
7th Sep 2010 12:19
Well-received results from Sports Direct and a rise in shop sales have failed to lift the retail sector. Sports Direct said total sales rose 8.8% in the first quarter despite being left with a pile of unsold England kits after the team left the World Cup earlier than expected. The owner of Sports
Read moreFTSE 250 movers: IPF ahead of plan, shares jump
23rd Jun 2010 13:21
Central Europe focused lender International Personal Finance said trading has been ahead of plan so far in 2010, sending the shares higher. Credit issued is growing steadily and credit quality in all markets is good, the company said. Retail stocks are mixed following yesterday's Budget, which inc
Read moreFTSE 250 movers: Housebuilders and retailers buoyant
22nd Jun 2010 15:23
The lower than feared rise in CGT was good news for housebuilders, which were also heartened that an immediate rise in CGT means there won't be a rush to sell houses as homeowners seek to take advantage of the current rate. Barratt, Persimmon, Taylor Wimpey and Redrow are among the stocks posting g
Read moreUK SMALLCAP ROUNDUP: Origo Partners To Raise Up To $30M
11th Jun 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps ORIGO PARTNERS PLC (OPP.LN), a private equity company, Friday said it agreed to raise up to $30 million in a share sale to fund new investments in China
Read moreNewRiver Retail Buys Newcastle Retail Assets For GBP4.2M
11th Jun 2010 07:36
LONDON (Dow Jones)--Retail property group NewRiver Retail Ltd. (NRR.LN) said Friday it will pay GBP4.2 million for two retail units in Newcastle-upon-Tyne that it will let to Bank Fashion and jeweler H. Samuel. NewRiver Retail said the property is in a prime spot on Northumberland Street, one of
Read moreBroker tips: Halfords, JD Sports, Synchronica
10th Jun 2010 12:37
Car parts and cycles retailer Halfords is a good defensive play but it also has plenty of growth potential, KBC Peel Hunt reckons. "Management has set out a target of delivering average annual EPS [earnings per share] growth of 15% going forward, a measure that suggests material upside to our mediu
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