Thursday preview: Sainsbury, JD Sports, Hays
6th Jan 2010 12:54
Focus remains firmly on the retailers on Thursday with supermarket chain Sainsbury and sportswear fashion seller JD Sports both giving trading updates. Sainsbury has been playing catch-up with Tesco and Asda for the last few years, all the while looking over its shoulder at fast growing sector numb
Read moreJD Sports still going strong
1st Dec 2009 07:33
Sportswear retailer JD Sports Fashion said its core retail division is continuing to perform well despite increased competition. It added that it is seeing encouraging signs from early acquisitions and that margins in the second half have been in line with expectations. JD Sports, which sells spo
Read moreWednesday newspaper round-up: Lloyds, RBS, Northern Rock
28th Oct 2009 06:00
Lloyds, Royal Bank of Scotland and Northern Rock will be broken up and parts of their businesses sold off to create three new banks, it emerged last night. Government sources said ministers were "determined" to see more competition in the market, following the £1.2 trillion bailout of the sector whi
Read moreSunday newspaper round-up: Lloyds, Stagecoach, National Express
25th Oct 2009 11:42
Lloyds will announce within days a controversial £23bn fundraising that will bolster its balance sheet and finally repair the damage caused by its disastrous takeover of rival HBOS, according to the Sunday Times. Stagecoach is putting the final touches to bank financing ready to launch a takeover b
Read moreWednesday tips round-up: Imperial Tobacco, JD Sports, Synchronica
23rd Sep 2009 06:46
Imperial Tobacco yesterday issued a full-year update that reassured the market on various points. In particular, there was some concern at the half-year results that the company would not raise the full-year dividend by as much as everyone had expected. The shares stands at just over 11 times forec
Read moreLondon close: Shares end up but down from highs
22nd Sep 2009 16:39
London's leading shares finished with slight gains but were well below earlier highs as miners eased back slightly. Eurasian Natural Resources, Lonmin, Xstrata and Vedanta Resources still posted healthy gains, while precious metals miners Fresnillo and Randgold Resources were also on the climb. R
Read moreLondon afternoon: Shares off the top
22nd Sep 2009 14:07
Shares drifted lower over the lunchtime session but are still up on the day, helped in no small part by the strength of miners, which are rising in line with firmer metals prices. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of
Read moreBroker tips: Carnival, Tullow, JD Sports
22nd Sep 2009 12:47
Bank of America Merrill Lynch has added Carnival to its 'Europe 1' list of preferred stocks ahead of the cruise ship operator's third quarter results due out Tuesday afternoon. The cruise company has been hard hit by various issues such as the credit crunch and swine flu in the last couple of years
Read moreLondon midday: Rio's assets sale continues
22nd Sep 2009 12:10
Miners continue to lead the market higher as investors return to the market after yesterday's pause for breath. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of the Alcan Engineered Products division, to Swiss firm Schweiter Tec
Read moreBroker snap: JD valuation undervalues Bank brand
22nd Sep 2009 11:21
Broker Charles Stanley has initiated coverage of teenager sports fashion company JD Sports Fashion with earnings forecasts that are about 5% ahead of market consensus. 'Our different from consensus view is predicated on the success we think that will start to emerge at Bank, JD's biggest branded fa
Read moreLondon open: Bright start for Footsie
22nd Sep 2009 08:46
London's blue chips have made good progress this morning, buoyed by Wall St clawing back some of Monday's early losses in late trading in the US. It is resource stocks that lead the way again. Tullow Oil has recovered from the profit taking of the past two days, while Lonmin and Fresnillo are leadi
Read moreLondon pre-open: Buyers to return
22nd Sep 2009 07:38
Last night's brave effort on Wall Street should help London claw back some of Monday's losses, according to early indications. The FTSE 100 is predicted to rise about 20 points early on after the Dow Jones narrowed its deficit to 41 points, helped by strength among heavyweight tech issues. Over he
Read moreJD Sports improves profits
22nd Sep 2009 07:03
Trainers and tracksuits group JD Sports has raised both first half profits and like for like sales, but warns the outcome for the year will depend on crucial Christmas trade. Profit before tax for the 26 weeks ended 1 August rose 11% to £10.1m on revenue up 8.4% to £324m. Excluding a net exception
Read moreTuesday preview: JD Sports, Ricardo Group, Holidaybreak
21st Sep 2009 16:00
Teenager clothes specialist JD Sports releases interim results on Tuesday where like for like sales growth is likely to be positive but the news on the gross margin may be less so. The share price of engine consultant Ricardo Group has recovered strongly since the company issued a mild profits warn
Read moreWeek Ahead: Mitchells & Butlers, Game Group, sportswear retailers
18th Sep 2009 11:27
There was speculation earlier this month that the Bank of England's Monetary Policy Committee (MPC) would cut its deposit rate to zero or below to discourage banks from hoarding cash. In the event, the MPC opted for the status quo but since the rate announcement comments from Mervyn King, governor
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