Week Ahead: Next, Kesa, Kingfisher
10th Sep 2010 12:13
Retailers are to the fore next week with Next, Kingfisher and Kesa Electricals all reporting. Fashion retailer Next brings out interim figures on Wednesday, barely a month after it issued a pre-closing trading update in which it said it had noticed a "cooling" in consumer demand in recent months.
Read moreFTSE 100 movers: Retail fears knock index
4th Aug 2010 15:34
Worries about retail sales are pushing the Footsie down. This is due to fashion retailer Next saying it has noticed a 'cooling' in consumers' demand in recent months. Next still expects profits to rise by between 6-11% this year, in line with its previous forecasts. "We believe that consumer spendi
Read moreMARKET TALK: Societe Generale Downgrades Kingfisher To Hold
23rd Jul 2010 09:53
0853 GMT [Dow Jones] Societe Generale downgrades Kingfisher (KGF.LN) to hold from buy and target to 228p from 310p. Says the company's 2Q sales update is disappointing with B&Q like-for-like sales 4.4% lower, compared to 2.8% lower in 1Q. Notes that once again France is proving to be robust. Says o
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jul 2010 09:53
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] 0853 GMT [Dow Jones] Societe Generale downgrades Kingfisher (KGF.LN) to hold from buy and target to 228p from 310p. Says the
Read moreMARKET TALK: Liberum Cuts Kingfisher To Neutral
23rd Jul 2010 07:22
0622 GMT [Dow Jones] Liberum Capital cuts Kingfisher (KGF.LN) to neutral from buy and its target price to 240p from 275p. The broker said it fears that the company's UK project spend will continue to weaken over the next 12 months and that this could be reflected in other markets. "We see evidence o
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jul 2010 07:22
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] 0622 GMT [Dow Jones] Liberum Capital cuts Kingfisher (KGF.LN) to neutral from buy and its target price to 240p from 275p. The
Read moreFriday tips round-up: Capita, Kingfisher, Tate & Lyle
23rd Jul 2010 06:44
Yesterday's interim results from Capita provided fuel for the bulls. The company reported the strongest bid pipeline for many years - up 47%, compared with the same point last year, to £4.4bn. The interim numbers were in line with City expectations on the revenue front - but profits were ahead of f
Read moreLondon close: Footsie back above 5,300
22nd Jul 2010 16:39
London rose again to climb above 5,300 and close at its highest for over two months. A strong start on Wall Street got the afternoon session off to a good start, with buyers staying interested right to the end of the trading day. Rolls-Royce was best performer, on the back of the orders placed at t
Read moreLondon afternoon: Advance stalls
22nd Jul 2010 14:28
Shares moved sideways over the lunch-time session with investors keeping their powder dry ahead of day two of US Federal Reserve Chairman Ben Bernanke's testimony in the US Senate. Yesterday the Fed chairman's downbeat comments stopped a Wall Street rise in its tracks. Outsourcing giant Capita is s
Read moreBroker tips: Mitchells & Butlers, Autonomy, Kingfisher
22nd Jul 2010 13:24
Third quarter trading at pubs group Mitchells & Butlers was healthier than KBC Peel Hunt was expecting, prompting the broker to nudge up its full year earnings forecast. Margins are running slightly ahead of the levels seen in the second half of last year, which caught KBC on the hop as it expected
Read moreBroker snap: Kingfisher not fulfilling potential
22nd Jul 2010 12:56
There was not much in Kingfisher's trading statement to suggest there will be a change to consensus estimates for the current fiscal year, according to Singer Capital Markets. Singer is going for full year profit before tax of £646m, slightly higher than market consensus of £639m. "Prior to speakin
Read more2nd UPDATE:Praktiker Warns Of Sales Decline,Keeps Profit Target
22nd Jul 2010 12:14
(Adds executive, analyst comment and detail.) By Archibald Preuschat Of DOW JONES NEWSWIRES DUESSELDORF (Dow Jones)--Home improvement chain Praktiker Bau- und Heimwerkermaerkte Holding AG (PRA.XE) Thursday posted a 26% drop in second-quarter net profit as bad weather hit sales, and said ful
Read moreLondon midday: Morning ends on a high
22nd Jul 2010 12:11
Better than expected UK retail sales gave equities a mid-morning boost and the FTSE 100 index finished the morning session close to its highest point of the day so far. Britons building up supplies for last month's World Cup, the good weather and further discounting had retail sales up smartly in J
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jul 2010 10:13
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] 0913 GMT [Dow Jones] Kingfisher's (KGF.LN) second-quarter update is a "mixed bag," Investec Securities analyst David Jeary sa
Read moreMARKET TALK: Kingfisher Update A Mixed Bag - Investec
22nd Jul 2010 10:13
0913 GMT [Dow Jones] Kingfisher's (KGF.LN) second-quarter update is a "mixed bag," Investec Securities analyst David Jeary says. Sales were generally weaker than forecast, apart from in France, Jeary says. He doesn't see consensus for full-year pretax profit of GBP693 million changing at this stage,
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