UK MARKET TALK ROUNDUP: SHARES GAINING
1st Jul 2010 10:10
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] 0910 GMT [Dow Jones] Debenhams' (DEB.LN) 3Q trading update is disappointing, says Panmure Gordon. "A LFL sales decline of
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25th Jun 2010 08:20
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] 0720 GMT [Dow Jones] Morgan Stanley downgrades Halfords (HFD.LN) and Kingfisher (KGF.LN) to equalweight from overweight; it k
Read moreMARKET TALK: M Stanley Revises UK Retail Sector Views >KGF.LN
25th Jun 2010 08:20
0720 GMT [Dow Jones] Morgan Stanley downgrades Halfords (HFD.LN) and Kingfisher (KGF.LN) to equalweight from overweight; it keeps its Halfords target at 540p but cuts Kingfisher to 225p from 240p. Even before the budget, there were signs UK consumer spending was under pressure, notes Morgan Stanley.
Read moreMARKET TALK: Investec Neutral On UK Retail Post Budget >NXT.LN
23rd Jun 2010 11:00
1000 GMT [Dow Jones] UK retailers look to have escaped the emergency budget no worse-off than feared, says Investec Securities, "with some indications that the coalition government is mindful of the need to balance growth and spending cuts." The brokerage retains a neutral weighting on the sector. "
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 14:35
0630 GMT [Dow Jones] USD/HKD drifts higher, at 7.7773 vs 7.7721 late yesterday; trader from U.K. bank says various banks selling HKD to lock in profit, as euphoria over potentially stronger CNY has waned, though sales weren't heavy. "The key thing to look at will be the yuan. Agricultural Bank's upc
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 14:35
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] 1335 GMT [Dow Jones] The timing of the rise in value-added-tax to 20% from 17.5% from January 4 next year protects the key Ch
Read moreMARKET TALK: UK VAT Rise Protects Christmas Trading - Barclays
22nd Jun 2010 14:35
1335 GMT [Dow Jones] The timing of the rise in value-added-tax to 20% from 17.5% from January 4 next year protects the key Christmas trading period and will benefit retailers, says Head of Retail & Wholesale at Barclays Corporate, Richard Lowe. He says the timing will also help stimulate sales betwe
Read moreLondon afternoon: Market takes tax hikes on chin
22nd Jun 2010 14:17
Footsie is still in the red after chancellor George Osborne's first Budget, which contained a huge raft of tax and benefit changes, most of which will raise revenue for the government. VAT is going up from 17.5% to 20%, capital gains tax is rising to a flat rate of 28% while the banks and building
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 14:11
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] 1311 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year will squeeze discretionary income in
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22nd Jun 2010 14:11
0626 GMT [Dow Jones] Situation in Europe is such dark cloud, says Rory Robertson at Macquarie; reckons Australian central bank may be on hold for quite a while. "Having paused in June and being about to pause again in July ahead of CPI, I think the RBA would love to remain on hold for the rest of th
Read moreMARKET TALK: VAT Rise To Squeeze UK Discretionary Income-Shore
22nd Jun 2010 14:11
1311 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year will squeeze discretionary income in '11 and will make it harder for retailers to maintain performance levels, Shore Capital analyst Clive Black says. However, Black adds the impact will be partially offset by a
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 13:48
0621 GMT [Dow Jones] USD/CNY extends gains in afternoon session following fresh USD demand from large state-owned Chinese banks, traders say. "We are seeing several big names buying at around CNY6.8200 and it's continuing," says Guangzhou-based trader at foreign bank. Another Shanghai-based trader a
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 13:48
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] 1248 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year was expected and will burden retaile
Read moreMARKET TALK: UK VAT Rise Expected; To Burden Retailers - PWC
22nd Jun 2010 13:48
1248 GMT [Dow Jones] The rise in value-added-tax to 20% from 17.5% from Jan. 4 next year was expected and will burden retailers, Pricewaterhouse Coopers analyst Mike Bailey says. Says the rise to 20% was well-forecasted before the announcement Tuesday. Says retailers will face a burden although the
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -3-
22nd Jun 2010 13:48
0619 GMT [Dow Jones] (An item at 0600 GMT, misstated Yang Ming Marine's closing stock price. The correct version follows:) Taiwan shares end down 0.3% at 7612.68 in quiet trade, taking breather after ending at 5-week high yesterday. Hua Nan Securities Investment Assistant Vice President Henry Miao t
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