Broker snap: JD discount too severe
10th Jun 2010 11:51
FinnCap has bumped up its profit forecasts for JD Sports after the trainers and tracksuits chain's trading update, and also raised its price target. "In recognition of the extent to which JD is ahead of our H1 [first half] forecasts we have increased our LFL [like for like] sales and gross margin a
Read moreFTSE Review: Essar Energy, African Barrick To Join FTSE100
9th Jun 2010 17:42
LONDON (Dow Jones)--FTSE Group said Wednesday African Barrick Gold PLC (ABG.LN) and Essar Energy PLC (ESSR.LN) are to join the FTSE 100, and Thomas Cook Group (TCG.LN) and London Stock Exchange Group (LSE.LN) will leave the index and join the FTSE 250 Index. MAIN FACTS: -The changes are part
Read moreUK SMALLCAP ROUNDUP:F&C Opposes Commercial Property Trust Merger
9th Jun 2010 16:00
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 F&C ASSET MANAGEMENT PLC (FCAM.LN) said Wednesday it is seeking to stop a commercial property trust it manages from merging with another, in a deal that
Read moreWorld Cup helps sales growth at JD Sports
9th Jun 2010 14:58
Trainers and tracksuits chain JD Sports Fashion has witnessed an improvement in sales growth during the eight weeks to 5 June. Cumulative UK and Ireland like for like retail sales growth of 4.1% was more than twice the 2% rise reported for the 10 weeks ended 10 April. World Cup fever aided a "sati
Read moreUK SMALLCAP ROUNDUP: First Property Sees Asset Growth
9th Jun 2010 12:30
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 FIRST PROPERTY GROUP PLC (FPO.LN), a U.K. property fund manager, Wednesday posted a 28% fall in fiscal 2010 pretax profit but said its earnings are set t
Read moreUPDATE: JD Sports Says World Cup Drives Recent Sales Gains
9th Jun 2010 11:58
(Adds detail, analysts' comments, sahre price) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. sportswear retailer JD Sports Fashion PLC (JD.LN) Wednesday said sales in its most recent eight weeks' trading have been boosted by the build-up to the soccer World Cup, whic
Read moreMARKET TALK: Investec Raises JD Sports Fashion Target Price
9th Jun 2010 10:20
0920 GMT [Dow Jones] Investec Securities raises JD Sports Fashion (JD.LN) target price to 930p from 900p. Says the company has reported a strengthening sales trend in both the sports and fashion divisions together with progress in gross margins. "Notwithstanding tougher comparatives in 2H, we are in
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
9th Jun 2010 10:20
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0920 GMT [Dow Jones] Investec Securities raises JD Sports Fashion (JD.LN) target price to 930p from 900p. Says the company
Read moreMARKET TALK: Investec Raises JD Sports Price Target
9th Jun 2010 10:16
0916 GMT [Dow Jones] Investec Securities raises JD Sports (JD.LN) price target to 930p from 900p following the company's trading update. Says the update shows a strengthening sales trend in both divisions, together with progress in margins in the last eight weeks. Adds that online sales are continui
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
9th Jun 2010 10:16
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0916 GMT [Dow Jones] Investec Securities raises JD Sports (JD.LN) price target to 930p from 900p following the company's trad
Read moreUK SMALLCAP ROUNDUP: Afnat Resources In JV With Rio Tinto
9th 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 AFNAT RESOURCES LTD. (AFNR.LN), an Africa-focused nickel, zinc and uranium miner, Wednesday said it agreed to enter a joint venture with mining giant Rio
Read moreJD Sports Comparable Sales Trend Improves On World Cup Boost
9th Jun 2010 07:35
LONDON (Dow Jones)--U.K. sportswear retailer JD Sports Fashion PLC (JD.LN) Wednesday said comparable sales growth continued to improve in its most recent eight weeks' trading, boosted by demand for soccer World Cup-themed products. The firm said U.K and Ireland comparable retail sales rose 4.1%
Read moreLondon close: Footsie moves past 5,800
14th Apr 2010 16:35
Positive sentiment as the US first quarter earnings season gets under way helped inject a bit of life into Footsie following recent sluggishness, sending it past the 5,800 point mark, though it settled slightly lower. Forecast-topping results from computer chip maker Intel yesterday were interprete
Read moreLondon afternoon: Upward trend continues
14th Apr 2010 14:26
London consolidated gains over the lunch-time session on another quiet day for corporate news. Forecast-topping results from computer chip maker Intel yesterday have been interpreted as a clear sign that the recovery in the global economy is not running out of steam, and that has led to a rise in b
Read moreLondon midday: BT heads field after broker tip
14th Apr 2010 12:02
Having been largely responsible for the Footsie's fall yesterday miners are driving the blue-chip index higher today, enabling the index to move close to the 5800 level despite the presence of the usual Wednesday batch of ex-dividend stocks. Forecasting topping results from computer chip maker Inte
Read more