Broker tips: Kingfisher, TalkTalk, Cello
17th Sep 2010 13:17
While the market gave an enthusiastic reception to Thursday's update from Kingfisher, Nomura Securities suggests the DIY retailer's recovery story is only halfway through, and we don't know the ending yet. "The UK and France were in line with consensus expectations, but highlighted ongoing progress
Read moreBroker snap: Margin trends encouraging at Kingfisher
17th Sep 2010 09:46
While the market gave an enthusiastic reception to Thursday's update from Kingfisher, Nomura Securities suggests the DIY retailer's recovery story is only halfway through, and we don't know the ending yet. "The UK and France were in line with consensus expectations, but highlighted ongoing progress
Read moreLondon close: Another sluggish day for FTSE 100
16th Sep 2010 16:40
There was no shortage of company news for traders to ponder today, but Footsie has continued trading in a tight range following recent gains and finished a few points in the red. The US failed to boost sentiment; shares on Wall Street are lower after economic data failed to lift sentiment. Manufact
Read moreLondon afternoon: Footsie drifts lower
16th Sep 2010 14:13
Footsie fell a bit deeper into the red over the lunch time session as a half-hearted rally following disappointing retail sales figures fizzled out. Kingfisher is a high-flyer after interim profits from the DIY retailer were at the top end of the range of expectations as the group achieved strong g
Read moreFTSE 100 movers: Investec remains cautious
16th Sep 2010 13:36
Fallers dominate the Footsie today. Investment bank and fund manager Investec expects half year operating profit to be marginally higher than the year before as growth in its fund management business outweighed weaker demand for loans. Loan write-downs remain relatively high. Investec says that th
Read moreLondon midday: Footsie seeking direction
16th Sep 2010 12:13
The leading share index is little changed after its flat start amid a mixed reception for today's stream of updates. Kingfisher is a high-flyer after interim profits from the DIY retailer were at the top end of the range of expectations as the group achieved strong growth in each of its three main
Read moreLondon open: Retailers offer mixed bag
16th Sep 2010 08:26
London is seeking direction in the early going despite a welter of company results for the investment community to digest. Today has been termed "retail Thursday" in some quarters with a number of the big names from the edge of town trading estates reporting. Interim profits from DIY retailer King
Read moreLondon pre-open: Retailers grab the spotlight
16th Sep 2010 07:36
London looks set for a subdued start with City traders expecting the FTSE 100 index to open around 8 points down from last night's close. Results from retailers are likely to dominate early proceedings, and generally the performance from the companies reporting has been good. Interim profits from
Read moreSelf-help pays off for Kingfisher
16th Sep 2010 07:02
Interim profits from DIY retailer Kingfisher were at the top end of the range of expectations as the group achieved strong growth in each of its three main operating divisions. Adjusted pre-tax profit for the 26 weeks ended 31 July 2010 rose 22.9% to £354m from £288m the year before, and was above
Read moreThursday preview: Retailers queue up
15th Sep 2010 16:45
Retailers look set to dominate proceedings on Thursday with DIY outfit Kingfisher, consumer electricals seller Kesa and department store and supermarket partnership John Lewis all set to report. Cash and carry wholesaler Booker and soft furnishings retailer Dunelm are also reporting. Kesa Electrica
Read moreLondon close: Lower close as rally falters
15th Sep 2010 16:35
Footsie closed a few points in the red Wednesday as a rally brought about by an improvement on Wall Street lost momentum. The US had a weak start following poorly-received manufacturing figures but sentiment recovered as trading progressed. Here, BP was lower in line with weaker oil prices, with t
Read moreSector movers: Retailers rise as Next impresses
15th Sep 2010 15:24
Next is giving the retail sector a lift after results. The fashion retailer did pretty much as expected in the six months to July given that its last update was only a month ago, but the market is impressed nonetheless. Fellow fashion chain Marks & Spencer is up in sympathy. Kingfisher, the company
Read moreLondon afternoon: Retailers provide some cheer
15th Sep 2010 14:29
Resource stocks remain a weight around Footsie's neck and have been joined over the lunch time session by banks, which are lower as the market ponders the implications of the Basel III banking guidelines. BP is lower in line with weaker oil prices, with the oil giant suffering more than its peers
Read moreFTSE 100 movers: Next drags up retailers
15th Sep 2010 13:01
Clothing retailer Next is leading other retailers higher as it shrugs off worries about rising cotton prices. Kingfisher, ahead of tommorrow's figures, and Marks & Spencer are both up on the day. Next's pre-tax profit increased 15% to £213.3m on revenue up 5% to £1.59bn. Like for like sales fel
Read moreLondon midday: Footsie hobbled by resource stocks
15th Sep 2010 11:58
Resource stocks are dragging London lower despite a good showing by retailers. Lower commodity prices are largely responsible for the sell off of commodity stocks, though legal battles also hover over a couple of stocks. BP is lower in line with weaker oil prices, with the oil giant suffering more
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