Broker tips: Game, general retailers, Safestore
1st Sep 2009 13:24
Charles Stanley has reiterated its cautious stance on the UK general retail sector and warned against reading too much into what are likely to be good fourth quarter year-on-year sales figures, as most retailers will be going up against soft comparatives. DIY retailer Kingfisher is the highest scor
Read moreBroker snap: General retailers not cheap
1st Sep 2009 13:07
Charles Stanley has reiterated its cautious stance on the UK general retail sector and warned against reading too much into what are likely to be good fourth quarter year-on-year sales figures, as most retailers will be going up against soft comparatives. 'We would caution against any extrapolation
Read moreLondon close: Footsie finishes just down
4th Aug 2009 16:33
London staged a late rally but still finished just in the red as financials weighed and the US started in tepid fashion. Asia-focused bank Standard Chartered was the biggest faller of the day after saying it is to raise £1bn through a placing. It posted solid first half figures with profits up by 1
Read moreLondon close: Late rally not enough
8th Jun 2009 17:01
Footsie came off its lows towards the close of trading Monday but still finished lower, held back by a weak mining sector. Mining stocks Vedanta Resources, Eurasian Natural Resources, Anglo American, BHP Billiton, Rio Tinto, Fresnillo, Lonmin and Antofagasta all featured among the ten worst perfor
Read moreLondon afternoon: Lloyds rump placed at 60p
8th Jun 2009 14:20
Footsie clawed back some losses over the lunch time session but remains in the red, thanks largely to the weakness of miners, which are following metals prices lower. Mining stocks Vedanta Resources, Eurasian Natural Resources, Anglo American, BHP Billiton, Rio Tinto, Fresnillo, Lonmin and Antofa
Read moreBroker tips: Defence and aero stocks, JD Sports, Greene King
8th Jun 2009 13:01
Goldman Sachs has been reviewing the aerospace and defence sector and foresees a tough time from 2011 onwards for companies with a large exposure to the UK and US defence markets, on expectations of a reduction in military operations in Iraq and Afghanistan. Goldman Sachs has downgraded defence sto
Read moreLondon midday: Miners weigh down Footsie
8th Jun 2009 12:19
London's blue-chip index is doing its usual trick of following the miners, which today are in a down phase. The worst performers in the mining sector are Vedanta Resources, Eurasian Natural Resources, Anglo American, BHP Billiton, Rio Tinto, Fresnillo and Antofagasta. Hochschild Mining follows
Read moreBroker snap: JD Sports fighting fit, says Charles Stanley
8th Jun 2009 11:37
Charles Stanley remains a buyer of JD Sports Fashion after the outfitter of choice for trendy, sporty teenagers posted a 1.7% rise in like for like sales growth in the period from 1 February to 30 May. The broker thinks the company's strong performance recently has not been matched by its share pri
Read moreLondon open: Bank news knocks Footsie
8th Jun 2009 08:40
Banking shares have dominated early trading after news from both Barclays and Lloyds, but investors have reacted cautiously in both instances. Barclays has confirmed talks are underway with US firm BlackRock over the future over its fund management arm Barclays Global Investors (BGI), which includ
Read moreLondon pre-open: Footsie to start lower
8th Jun 2009 07:40
Banking shares are likely to be in focus Monday morning after updates from both Barclays and Lloyds. Traders expect Footsie to drop 25 points early on. Barclays has confirmed talks are underway with US firm BlackRock over the future over its fund management arm Barclays Global Investors (BGI), whi
Read moreJD Sports sales up 1.7%
8th Jun 2009 07:01
Teenager clothes specialist JD Sports reported a 1.7% rise in like for like sales growth in the period from 1 February to 30 May but warned that maintaining the gross margin comparative with the previous year may prove increasingly challenging later in the year. The like for like sales growth inclu
Read moreSmall caps round-up: SovGEM, OneClickHR, Phytopharm...
20th May 2009 15:38
SovGEM doubled in price on its return from suspension today following publication of an admission document linked to the reverse takeover by Hanson Westhouse. Shares in the China-focused group soared to 18.5p at one stage from 8p when trading halted on 6 May. Hanson boss William Staple, who'll be
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