London pre-open: Stocks set to bounce back
21st Jan 2011 07:35
London's leading shares look set to claw back a small proportion of yesterday's heavy losses, encouraged by the late rally by Wall Street yesterday. City traders expect the Footsie will open around 17 points up from last night's close. Weather conditions in Australia have improved enough to allow
Read moreMulberry to top expectations
21st Jan 2011 07:01
Trophy handbag maker the Mulberry Group put in a strong trading performance over Christmas and now expects full year results to be ahead of expectations. Own store sales in the six weeks to 15 January were 66% higher than a year earlier, while like for like sales in the full price stores were up 70
Read moreMulberry boss raises £5.5m from disposal
10th Dec 2010 16:22
Godfrey Davis, the chairman and chief executive of Mulberry, has raised £5.5m from the sale of shares. Davis sold 650,000 shares at 850p each. Shares in fashion products designer Mulberry have risen by more than 500% in the past 12 months. This week, broker finnCap has substantially increased it
Read moreBroker tips: Premier Farnell, BSkyB, Mulberry...
9th Dec 2010 14:51
Peel Hunt is focused on Premier Farnell's international growth and positive margin trends despite its recent outperformance in the third quarter. Sales per day in Europe are at the highest level ever, while the strong growth seen in Asia Pacific is continuing at 30% year-on-year. Also, gross margi
Read moreBroker snap: High expectations for Mulberry
9th Dec 2010 12:08
Broker finnCap has substantially increased its target price for luxury goods group Mulberry as the group continues to outperform revenue and profit expectations. The upmarket handbag maker's impressive interims, with pre-tax profit of £5.7m beating the finnCap's estimate of £4m, prompted the broker
Read moreSales surge at Mulberry, remains cautious
9th Dec 2010 08:07
Revenues and profit were both up sharply at upmarket handbag maker Mulberry and full year results are expected to exceed market expectations but the group remains cautious about the global economic outlook. The group defied a consumer spending downturn with sales impetus continuing throughout for t
Read moreSunday tips round-up: Dunelm, Anglo American, Mulberry...
10th Oct 2010 12:01
Many companies that move from family to public ownership find the transition difficult. But household goods retailer Dunelm has gone from strength to strength since floating four years ago, not least thanks to the Adderleys' son Will, who took over as chief executive in 1996. Dunelm aims to offer v
Read moreLondon close: Footsie closes on low note
7th Oct 2010 16:52
Footsie turned down in the afternoon session despite better than expected US jobs and retail sales figures. US shares did not respond to the economic data and by midday the Dow was showing strongly red. In Europe, interest rates were left on hold by both the Bank of England and European Central ba
Read moreLondon afternoon: BoNY-M stalking Man
7th Oct 2010 14:37
Better than expected US jobless figures have given the UK market a lift, with the Footsie now knocking on the door of 5700. Mining stocks are, by and large, still refusing the join the party. Copper miners Kazakhmys and Antofagasta lead the sector lower. Indian miner Vedanta is holding up though
Read moreSector movers: Ted Baker and Mulberry in fashion
7th Oct 2010 14:09
The retail sector is going well, with two fashion brands higher after updates. First half profits surged at Ted Baker as both UK and international sales roared ahead. Sales in the half year to June rose by 15% to £88.1m with profit before tax up 25% to £7.5m. Also higher is luxury fashion label Mu
Read moreMulberry raises full year guidance
7th Oct 2010 12:45
In its latest trading update, luxury handbag maker Mulberry said it has exceeded its expectations with improved margins from sales. Over the ten weeks to 2 October, sales in Mulberry's UK shops have jumped 57% compared to last year. Life for like sales in full price stores for the same ten weeks w
Read moreBroker tips: Barclays, Halfords, Mulberry
7th Oct 2010 12:45
Nomura Securities has reiterated its neutral stance on banking giant Barclays , arguing that the potential for a re-rating remains limited while the bank faces regulatory pressures in the form of the Basel III guidelines for capital and banking regulations. By Nomura's reckoning Barclays Capital, t
Read moreBroker snap: Bags of potential at Mulberry
7th Oct 2010 12:23
A strong trading update for Mulberry has led FinnCap to substantially increase its forecasts and target price for the luxury handbag maker. Over the ten weeks to 2 October sales in Mulberry's UK shops jumped 57% compared to last year. Life for like sales in full price stores for the same ten weeks
Read moreLondon close: Seventh day of gains for Footsie
17th Jun 2010 16:46
London's blue chips rose for the seventh day running as BP took some comfort from the $20bn deal agreed with US president Obama. Banks also rallied on the new plans for City regulation set out yesterday. This afternoon, the coalition government also axed 12 projects costing £2bn, suspended another
Read moreUK SMALLCAP ROUNDUP: Central African Gold Holders Sell Stakes
17th Jun 2010 16:00
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 CENTRAL AFRICAN GOLD PLC's (CAN.LN) shares soared Thursday after the gold mining and exploration company's three largest shareholders sold their stakes t
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