London afternoon: Stocks drift off highest levels
17th Jun 2010 14:12
Leading shares saw their gains trimmed over the lunch time session, despite expectations of a firm start on Wall Street. BP and the banks continue to lead the market higher. Under fire oil giant BP remains the top performer after yesterday's meeting between BP officials and the US president. BP h
Read moreUPDATE: Mulberry FY10 Sales Up 23% On Strong Overseas Demand
17th Jun 2010 14:02
(Adds CEO comment, analyst comment, detail) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Luxury fashion brand Mulberry PLC (MUL.LN) Thursday reported a 23% jump in fiscal 2010 sales driven by stronger-than-expected demand from tourists and overseas. Mulberry's sales
Read moreUK SMALLCAP ROUNDUP: Mulberry Keen To Bag First Chinese Store
17th 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 MULBERRY PLC (MUL.LN), a luxury fashion brand, Thursday said it is eyeing its first Chinese store, and anticipates opening its first shop in the region w
Read moreLondon midday: Spanish bond sale boosts banks
17th Jun 2010 12:05
BP and the banks are leading the market higher, with the latter in demand after concerns over Spain's ability to raise money on the bond markets were eased by the latest Spanish bond auction, which saw a higher level of demand than the March offering. Royal Bank of Scotland, Lloyds Banking and Bar
Read moreINTERVIEW: Mulberry Keen To Bag First Chinese Store
17th Jun 2010 10:12
By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Luxury fashion brand Mulberry PLC (MUL.LN) Thursday said it is eyeing its first Chinese store, and anticipates opening its first shop in the region within the next couple of years. "Asia is a huge market and we now have a very
Read moreLondon open: BP shares jump
17th Jun 2010 08:29
BP is leading London's blue chips higher in early dealings on Thursday following yesterday's meeting with the US president. BP has cancelled dividends for the rest of the year and agreed to a demand from US president Obama to put $20bn in an escrow account to cover claims resulting from the oil spi
Read moreMulberry Group FY10 Profit +22%, 10 Week Comparable Sales Up 35%
17th Jun 2010 07:50
LONDON (Dow Jones)-- Mulberry Group PLC (MUL.LN), a designer and manufacturer of fashion accessories, clothing and interior design products, reported Thursday a 22% increase in pretax profit for fiscal 2010 and said like-for-like sales growth increased 35% during the first 10 weeks of 2011. MAIN
Read moreMulberry FY profit surges
17th Jun 2010 07:12
Luxury handbag maker Mulberry revealed a 22% rise in full year profit after strong demand in Asia. Bath based Mulberry said its Asian business has seen particularly strong growth, with wholesale revenues now expected to more than double as its partners open stores in Sydney, Hong Kong, Korea, Qat
Read moreTuesday tips round-up: Invensys, Elementis, Cranswick
25th May 2010 06:47
Invensys revealed yesterday its order book grew from £2bn to £2.3bn, and the company has been especially focusing on emerging markets, which account for 40% of orders. It has £363m in cash on the balance sheetand there could still be value to be found as the economy recovers. Buy says the Independ
Read moreSector movers: Strong Burberry sales boost personal goods
19th Jan 2010 15:07
Personal goods is the best performing sector after luxury fashion label Burberry demonstrated how people are starting to spoil themselves again saying profits for the full year to be at the top end of expectations after seeing strong sales in the last three months of 2009. Fellow luxury fashion b
Read moreMulberry H1 profit rises 16%
10th Dec 2009 07:24
Luxury fashion brand Mulberry posted a 16% rise in half year pre-tax profit and, based on current trends, expects full year results to be substantially ahead of market expectations. Pre-tax profit increased to £1.5m for the six months ended 30 September 2009 from £1.3m the year same time a year ear
Read moreLondon close: Footsie closes flat
18th Jun 2009 16:34
A late afternoon rally fizzled out to leave Footsie little changed after a volatile day. Economic stories dominated the news with mixed data in the UK offset by better than expected intial jobless figures in the US. UK mortgage lending eased in May from the month before and was 58% lower than the
Read moreLondon afternoon: US rally lifts Footsie
18th Jun 2009 15:03
Better than expected US dole queue figures have lifted Footsie in the afternoon session, despite very mixed economic data here at home. Mortgage lending eased in May from the month before and was 58% lower than the same time last year, figures showed today. The Council of Mortgage Lenders (CML) s
Read moreLondon midday: Economic data knocks retailers
18th Jun 2009 12:02
Leading shares drift lower after disappointing retail sales and weaker mortgage lending in May. The economic data proved to be a double-whammy for DIY retailers Home Retail and Kingfisher, which feature prominently among the main fallers. Elsewhere in the retail sector fashion chain Next and Currys
Read moreLondon open: Miners and banks on the rise
18th Jun 2009 08:17
Miners and banking shares are leading London's top stocks higher in early dealings following recent heavy falls. In the mining sector, Xstrata is the strongest performer, closely followed by Kazakhmys, Fresnillo and Antofagasta. Banks are also in demand, with both Royal Bank of Scotland and Lloyds
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