Sector movers: Retailers bounce as sentiment recovers after Debenhams profit warning
2nd Jan 2014 14:55
The general retail sector was making small gains on Thursday, recovering after a Debenhams-inspired sell-off the previous session following its profit warning. Stocks across the sector sank sharply on Tuesday after department store Debenhams said it is now guiding to a pre-tax profit of just £85m
Read moreFriday preview: Next reports fourth-quarter update
2nd Jan 2014 14:38
Next is due to publish its fourth-quarter update on Friday amid news that the UK retail sector experienced challenging Christmas trading conditions. The fashion retailer results come a day after John Lewis reported a record 7.2% rise in sales on the back of demand for items such as coffee machines
Read moreLondon midday: Mixed manufacturing figures dampen UK markets
2nd Jan 2014 11:40
- Markets pull back after strong end to 2013 - China, UK manufacturing PMIs disappoint - Resources stocks provide a drag on the FTSE 100 - Retailers in focus after mixed corporate updates techMARK 2,780.21 -0.04% FTSE 100 6,720.85 -0.42% FTSE 250 15,925.41 -0.06% Mixed global manufacturing figures
Read moreBroker snap: Debenhams' woes are company-specific, says Numis
2nd Jan 2014 09:04
Analysts at Numis Securities reassured retail investors on Thursday that Debenhams' woes seem more company-specific rather than indicative of trends across the wider industry. The department store chain issued a profit warning on Tuesday that dampened sentiment across the sector after saying that a
Read moreLondon open: Stocks slip after China manufacturing data
2nd Jan 2014 08:19
- FTSE 100 pulls back as data schedule ramps up - Chinese manufacturing growth slowed in December - Debenhams CFO leaves after profit warning techMARK 2,782.24 +0.03% FTSE 100 6,733.20 -0.24% FTSE 250 15,910.82 -0.15% UK markets started the first session of 2014 trading in the red after data showe
Read moreLondon close: Markets close higher in shortened session, Debenhams sinks
31st Dec 2013 12:48
- Real estate, housing stocks buoy markets - Debenhams drops after gloomy Christmas update - FTSE 100 up 14.4 per cent in 2013 - US data in focus later on techMARK 2,781.28 -0.02% FTSE 100 6,749.09 +0.26% FTSE 250 15,935.35 +0.22% Stocks finished moderately higher in a shortened session on Tuesday
Read moreLondon midday: Markets hold on to gains but Debenhams drops
31st Dec 2013 11:36
- Real estate, housing stocks buoy markets - Debenhams drops after gloomy Christmas update - US data in focus later on techMARK 2,781.38 -0.02% FTSE 100 6,750.03 +0.28% FTSE 250 15,900.19 -0.00% The FTSE 100 held on to gains on Tuesday morning despite a trading update from Debenhams dampening sent
Read moreLondon midday: FTSE falls into the red as retailers drag
30th Dec 2013 11:57
- FTSE sinks 22 points - Retailers drop on discounting concerns - CBI urges firms to do more to encourage employee development techMARK 2,782.57 -0.16% FTSE 100 6,731.69 -0.28% FTSE 250 15,905.79 +0.17% The FTSE has dropped into negative territory this lunchtime, weighed down by retailers on what
Read moreWeek ahead: US data, Next in focus after Christmas break
27th Dec 2013 15:54
Things are set to pick up slightly next week as traders begin to return to their desks following the Christmas break. Nevertheless, volumes are still expected to be on the light side given that UK markets have a half-session on Tuesday and a day off on Wednesday for the New Year's celebrations. Th
Read moreLondon open: Retailers give markets a boost after Boxing Day sales
27th Dec 2013 09:22
- IPF plummets after news of Polish fine - Shoppers hit the streets for Boxing Day sales - US jobless claims drop by 42,000 techMARK 2,776.01 +0.26% FTSE 100 6,724.97 +0.46% FTSE 250 15,801.26 +0.12% UK markets headed higher on Friday morning, reopening strongly after the Christmas holidays, as in
Read moreFriday broker round-up UPDATE
13th Dec 2013 09:36
African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered. Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell. Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Mor
Read moreSector movers: Retailers hit by Credit Suisse comments, M&S falls
6th Dec 2013 15:57
The general retail sector was out of favour on Friday after some cautious comments from analysts at Credit Suisse, with Marks & Spencer among the worst hit. The bank said that while 2013 has been a "remarkable year" for general retail stocks, it has also been a year of high single-digit downgrades
Read moreFTSE 100 movers: Miners gain, supermarkets fall
5th Dec 2013 14:08
Mining stocks were performing well on Thursday as share prices recovered after a sell-off earlier in the week. Global diversified miner Vedanta Resources was a high riser as analysts at both AlphaValue and RBC Capital Markets upgraded their ratings for the stock. Other metal producers including An
Read moreLondon close: FTSE 100 hits seven-week low on taper fears
3rd Dec 2013 16:28
- FTSE 100 at lowest level since October 14th - US jobs report in focus as taper speculation picks up - UK construction activity at six-year high techMARK 2,640.56 -0.50% FTSE 100 6,532.43 -0.95% FTSE 250 15,153.14 -1.18% The FTSE 100 finished around one per cent lower on Tuesday and at a seven-we
Read moreFTSE 100 movers: Next climbs on BRC comments and broker rating
3rd Dec 2013 14:14
Next was leading the risers today, buoyed by a report from the British Retail Consortium, which said despite overall poor sales clothing retailers had performed well in November, as well as Oriel Securities, which upped its rating on the stock to 'buy' from 'hold'. It said of the group: "The Directo
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