Euromoney boss sells all his shares
21st May 2010 16:37
Simon Brady has raised £378,000 from selling shares in financial publisher and conferences organiser Euromoney Institutional Investor. He sold 64,509 shares at 586p each. This is the whole of his stake in the company. Brady has been with the group since 1988 and he was appointed to the board in
Read moreFTSE 100 movers: Banks head the slide
21st May 2010 14:15
As Footsie slides below 5,000 it is the banks that are leading it downwards. Lloyds Banking, RBS and Standard Chartered are the worst performing banks. Brewer SABMiller is another of the major losers after yesterday's results and share sales by directors. Chief executive Graham MacKay raised £10
Read moreNext boss Wolfson spends £400,000
20th May 2010 16:53
Next's chief executive Simon Wolfson has splashed out £400,000 in shares in the fashion chain. He took 19,231 shares at 2,080p a time, taking his stake to about 1.621m shares, some 0.865% of the company. Wolfson's purchase comes amid a period of weakness in Next's share price in line with the broa
Read moreBroker tips: FirstGroup, retailers
13th May 2010 15:53
The outlook appears to be stabilising at bus and trains firm FirstGroup, but Nomura worries that it will take time to get debt levels down to sector averages. Plans to reduce the high levels of debt "look sensible", says the broker. Wednesday's final results revealed net debt fell to £2.28bn in the
Read moreBroker snap: Bargains on the high street
13th May 2010 11:53
The recent stock market sell-off has presented buying opportunities in the clothing sector, despite the likelihood that attempts to tackle the budget deficit will put further pressure on consumer spending. Analysis conducted by Panmure Gordon reveals clothing purchases have been less discretionary
Read moreBroker tips: Next, Morrisons, Tomkins
7th May 2010 13:35
UBS has nudged up its price target for Next after the fashion retailer's trading update on Wednesday. The broker has left unchanged its prediction of a 1% decline in like for like sales over the full year for the High Street operations but has revised its forecast for the online and catalogue busin
Read moreBroker snap: Next's sector discount unjustified
7th May 2010 13:10
UBS has nudged up its price target for Next after the fashion retailer's trading update on Wednesday. The broker has left unchanged its prediction of a 1% decline in like for like sales over the full year for the High Street operations but has revised its forecast for the online and catalogue busin
Read moreLondon close: Late rally pares losses
5th May 2010 17:16
Though tomorrow is the day of the UK General Election all eyes were on Greece today, as at least three people were reported dead as violent protests erupted in central Athens against the planned introduction of austerity measures. Stocks came off the bottom towards the end of the session, though th
Read moreLondon afternoon: Greek riots rattle investors
5th May 2010 14:53
Footsie is now nursing a triple digit fall as the downward trend seen in the last hour of the morning session accelerated over lunch as US investors woke up to television footage of Greeks rioting in the streets. Civil unrest in Greece has sent the price of oil and metals into decline with a predic
Read moreBroker tips: Next, WSP, JD Wetherspoon
5th May 2010 12:47
Shares in Next shifted into reverse on Wednesday after the company's trading update, despite brokers queuing up to praise the company. KBC Peel Hunt said Next had made a strong start to the year, with the sales run rate ahead of the broker's assumptions. KBC Peel Hunt responded by upping its full y
Read moreLondon midday: Stocks turn south again
5th May 2010 12:19
Having recovered all the way back to last night's closing level shortly after 11:00am the Footsie headed south again for the remainder of the morning as the US futures markets suggested Wall Street will open lower. On a busy day for trading announcements Next is the most conspicuous faller despite
Read moreBroker snap: Brokers raise forecasts for Next
5th May 2010 11:57
Shares in Next shifted into reverse on Wednesday after the company's trading update, despite brokers queuing up to praise the company. KBC Peel Hunt said Next had made a strong start to the year, with the sales run rate ahead of the broker's assumptions. KBC Peel Hunt responded by upping its full y
Read moreLondon open: Heading lower again
5th May 2010 08:47
Footsie has turned sharply after a steady opening half-hour as a number of gloomy comments about consumer spending have hit sentiment already shaky following yesterday's heavy falls on global markets. Next expects profits this year to be at the top end of market forecasts after sales in the first
Read moreLondon pre-open: Slight recovery expected
5th May 2010 07:36
Footsie is expected to edge up by a whisker following yesterday's sell off. Next expects profits this year to be at the top end of market forecasts after sales in the first three months to April were strong, though it is still very cautious on the outlook for consumer spending. "Our internal profit
Read moreNext profits to hit top end
5th May 2010 07:07
Next expects profits this year to be at the top end of market forecasts after sales in the first three months to April were strong, though it is still very cautious on the outlook for consumer spending. "Our internal profit before tax forecasts are towards the top end of the range of current City f
Read more