NXT: Short-Term Cash Flow Pressured By Drop In FY10 Revenue
14th Jul 2010 09:18
LONDON (Dow Jones)--U.K. technology and licensing company NXT PLC (NXT.LN) Wednesday said fiscal 2010 revenue is "significantly down" on last year, in spite of an improvement in its second half, which in turn has put some pressure on its short-term cash flow. The firm--which is best-known for it
Read moreFTSE 100 movers: Banks move higher
8th Jul 2010 15:21
Financials are pushing Footsie higher. Growing optimism about the European bank stress tests and yesterday's forecast upgrade by American peer State Street had buyers all over Lloyds Banking, Royal Bank of Scotland and Barclays. All three banks will be stress tested by the EU. Royal Dutch Shell
Read moreBroker tips: M&S, Next, easyJet, Autonomy
7th Jul 2010 10:17
There's been a mixed response to the latest figures from high street bellwether Marks and Spencer despite a 3.6% increase in UK like for like (LFL) sales for the first quarter. Panmure Gordon says the statement "looks strong", especially as the retailer beat the broker's target of a 3% LFL sales im
Read moreBroker snap: Mixed reaction to M&S numbers
7th Jul 2010 10:16
There's been a mixed response to the latest figures from high street bellwether Marks and Spencer despite a 3.6% increase in UK like for like (LFL) sales for the first quarter. Panmure Gordon says the statement "looks strong", especially as the retailer beat the broker's target of a 3% LFL sales im
Read moreMARKET TALK: RBS Initiates Coverage Of UK General Retailers
7th Jul 2010 07:55
0655 GMT [Dow Jones] Royal Bank of Scotland initiates coverage of UK general retailers, with a cautious stance. Expects the sector to come under consumer spending, cost and margin pressure, as austerity measures dampen confidence. Starts Home Retail Group (HOME.LN) at hold with 214p price target, sa
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
7th Jul 2010 07:55
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] 0655 GMT [Dow Jones] Royal Bank of Scotland initiates coverage of UK general retailers, with a cautious stance. Expects the s
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
7th Jul 2010 07:39
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] 0638 GMT [Dow Jones] Marks & Spencer's (MKS.LN) 1Q update reveals a good start to the new financial year, says KBC Peel Hunt.
Read moreMARKET TALK: Marks & Spencer 1Q Reveals Good Start - KBC
7th Jul 2010 07:38
0638 GMT [Dow Jones] Marks & Spencer's (MKS.LN) 1Q update reveals a good start to the new financial year, says KBC Peel Hunt. Notes like-for-like sales growth of 6% in general merchandise and 1.5% growth in food sales versus KBC's estimates of +3% and +1%, respectively. Says this is clearly a solid
Read moreLondon close: Footsie drops slightly
5th Jul 2010 16:33
London's main markets closed slightly lower after trading within a tight range all day. BP was the strongest blue chip all day on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf di
Read moreLondon afternoon: London continues drifting
5th Jul 2010 14:21
London shares are stuck in neutral, with the Footsie barely changed on the day. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf disaster. The cost
Read moreNext Buys Back 5,528 Shares At 1975P >NXT.LN
2nd Jul 2010 17:16
LONDON (Dow Jones)--Next PLC (NXT.LN) said Friday it has Friday purchased 5,528 of its ordinary shares for cancellation at a price of 1975 pence per share. MAIN FACTS: -Shares closed Friday at 1989 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; tommy.stubbington@dow
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Jul 2010 10:08
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0908 GMT [Dow Jones] Panmure Gordon trims Debenhams (DEB.LN) target to 58p from 68p following the company's results and c
Read moreMARKET TALK: Panmure Trims Debenhams Price Target
2nd Jul 2010 10:08
0908 GMT [Dow Jones] Panmure Gordon trims Debenhams (DEB.LN) target to 58p from 68p following the company's results and conference call. Says this reflects lower medium to long-term profit expectations. "Longer-term, we have reined in our top-line growth expectations, in particular, partly due to e
Read moreNext Buys 94,472 In Own Shares
1st Jul 2010 17:14
LONDON (Dow Jones)--Next Plc (NXT.LN), announced Thursday that it purchased 94,472 of its ordinary shares for cancellation at a price of 1963.0765 pence per share. MAIN FACTS: -Shares closed Thurssday at 1977 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.he
Read moreMARKET TALK: Debenhams Update Disappointing - Panmure
1st Jul 2010 10:10
0910 GMT [Dow Jones] Debenhams' (DEB.LN) 3Q trading update is disappointing, says Panmure Gordon. "A LFL sales decline of 1.5% for the first 16 weeks of 2H '10E compares with our expectation of 0.2%-0.3% LFL sales growth." Notes the company reports market share gains in men's and children's clothing
Read more