Sector 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
Read moreBroker 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
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