FTSE 100 movers: Miners reverse downward trend
5th Jan 2016 14:02
(ShareCast News) - The FTSE 100 had rebounded from Monday's losses by mid-afternoon Tuesday, with the blue chip index up 39.12 points (0.64%) to 6,132.55. Miners Glencore, Anglo American, Fresnillio and Rio Tinto reversed their losses from the start of the week and led the risers after news the UK c
Read moreNext's Christmas sales fall short but profits hit target
5th Jan 2016 07:04
(ShareCast News) - In its much anticipated post-Christmas trading update, Next revealed sales were below expectations but said profits were within the range of guidance after the clothing retailer held back from discounting until Boxing Day. With the mild weather "mainly" to blame, full price ret
Read moreSunday newspaper round-up: Retailers, ECB, Floods
27th Dec 2015 18:20
(ShareCast News) - Hedge funds are sharpening their claws ahead of what they hope will be a raft of poor Christmas trading updates from several of the main High Street retailers next week. Their expectation is that a profit warning from Game Digital the day before Christmas Eve and another from Bonm
Read moreMonday broker round-up
7th Dec 2015 16:16
(ShareCast News) - Equiniti: Barclays starts coverage at overweight with a 230p target price; Goldman starts at buy with a 260p target and Credit Suisse initiated. Genel Energy: Credit Suisse reiterates outperform and 430p target; Goldman Sachs downgrades to neutral with 333p target. Dixons Carphon
Read moreBroker tips: Equiniti, Kingfisher, Next, British Land, Land Securities
7th Dec 2015 13:52
(ShareCast News) - Equiniti was "far more" than a registrar and could look forward to profitable growth, a top broker said at the start of the week. It was a leader in growth markets, with the potential addressable market forecast to grow at a compound annual growth rate of 6% over 2014-19, Credit S
Read moreKingfisher slips on Nomura downgrade
7th Dec 2015 09:10
(ShareCast News) - B&Q owner Kingfisher was under pressure after Nomura downgraded the stock 'reduce' from 'neutral' and trimmed the price target to 335p from 340p as it took a look at the general retail sector. The bank said it has no issues with Kingfisher's proposed unifying strategy as a means o
Read moreUK retail sales slump as non-food growth slows, BRC-KPMG says
10th Nov 2015 08:42
(ShareCast News) - UK retailers endured subdued sales during October, with a disappointingly flat reading for the BRC-KPMG Retail Sales Monitor and a like-for-like decline for the month. October retail sales fell 0.2% on a like-for-like basis compared to last year. Total sales for the month rose 0.
Read moreThursday newspaper tips round-up: Meggitt, Next
29th Oct 2015 08:57
(ShareCast News) - Civil aerospace accounts for around half of Meggitt´s sales. So bulging order books at Airbus and Boeing - which are indicative of a buoyant long-term outlook for the sector - is good news. However, the after-sales market is volatile,as many old aircraft are being taken out of ser
Read moreLondon pre-open: Stocks seen flat ahead of FOMC rate announcement
28th Oct 2015 07:09
(ShareCast News) - London stocks are expected to open flat on Wednesday as investors adopt a cautious stance ahead of the Federal Open Market Committee rate announcement, which is due after the European close. "While no change is expected today the statement will be closely scrutinised for any chang
Read moreNext nudges profit guidance higher after solid third quarter
28th Oct 2015 07:03
(ShareCast News) - Third quarter sales at Next were up 6% and the retailer slightly increased its profit guidance for the full year. Steering its way through what is a currently volatile consumer landscape, with a generally strong September flattered by poor comparative weeks last year and some nega
Read moreUK retail sector bounces back, shows BRC-KPMG data
13th Oct 2015 08:26
(ShareCast News) - Retail sales in the UK in September grew 2.6% compared to the same month last year on a like-for-like basis, as strong non-food performance was boosted by strong a weak comparative period for clothing last year and a later bank holiday this time. In total, retail sales rose 3.9%,
Read moreFTSE 100 movers: Lloyds tipped to be dividend heavyweight, Rolls-Royce dips despite new contracts
24th Sep 2015 13:54
(ShareCast News) - The FTSE 100 peaked at around 0915 BST, but then declined 64.83 points (1.07%) to 5967.41 by mid-afternoon Thursday. Lloyds Banking Group surged on the news that fund manager Alex Wright tipped the bank to become a dividend heavyweight over the next two years. That sent stock pric
Read moreNomura upgrades Next to 'buy', lifts price target
24th Sep 2015 10:32
(ShareCast News) - Nomura upgraded clothing retailer Next to 'buy' from 'neutral' and lifted the price target to 8,000p from 7,600p. The Japanese broker said Next has multiple opportunities to grow: market share gain in the UK from stores, homewares and online development; wallet-share growth throug
Read moreFTSE 100 movers: Barratt up, Morrisons slumps on disappointing results
10th Sep 2015 14:41
(ShareCast News) - London's top-flight index fell on Thursday and by 1439 BST, was down 1.2% to 6,156 as worries about a slowdown in China and concerns that the Federal Reserve might hike rates in September weighed on sentiment. Housebuilder Barratt Developments was a higher riser for the second day
Read moreNext interim profit jumps on better-than-expected full price sales
10th Sep 2015 07:28
(ShareCast News) - Clothing retailer Next reported a 7.1% jump in first-half pre-tax profit, with revenue up as the company sold more items at full price than it had expected. Profit came in at £347.1m from £324.2m in the first half of last year, while total sales were up 2.7% at £1.91bn. Next's re
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