SuperGroup sales jump by a quarter - UPDATE
5th Sep 2013 07:04
Superdry owner SuperGroup said quarterly sales soared by a quarter, following strong demand across the group, in particular womenswear, as it moves into the autumn period with confidence. The fashion retailer said total group sales for the quarter to July 28th increased by 25.7% to £75.0m, after wh
Read moreWednesday newspaper round-up: MPC, Syria, Cuadrilla
4th Sep 2013 07:05
Mark Carney's guidance policy has come under fire from several members of The Times Shadow Monetary Policy Committee, with one warning of the risks of a fresh housing bubble. Four of the nine members raised questions about the Bank of England's pledge to keep rates at the rock-bottom level of 0.5 pe
Read moreTuesday broker round-up UPDATE
27th Aug 2013 09:14
Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.
Read moreLondon open: Markets edge lower after long weekend
27th Aug 2013 08:12
Stocks fell on Tuesday morning after a three-day weekend as markets attempted to play catch-up following negative sessions in the US and Asia overnight. Concerns over Syria are likely to weigh on sentiment after US Secretary of State John Kerry said last night that Syria would be held accountable f
Read moreSuperGroup expands in Turkey through deal with Demsa
22nd Aug 2013 08:08
High Street retailer SuperGroup is setting its sights on Turkey after partnering with luxury and fashion retail brand Demsa Group. The UK firm, famous for its Superdry brand, has signed a five-year exclusive franchise agreement with Demsa, which will open three stores by early 2014. The first of th
Read moreLondon close: FTSE 100 near seven-week high
15th Jul 2013 16:28
Decent gains in the financial sector boosted the FTSE 100 on Monday as markets welcomed in-line growth figures from China and record highs on Wall Street. The FTSE 100 finished 41 points higher at 6,586 today; the last time it closed higher was on May 30th when it reached 6,657. While the index cl
Read moreFTSE 250 movers: Retailers gain as data shows increase in footfall
15th Jul 2013 13:54
Retail stocks were on shopping lists on Monday afternoon after data from the British Retail Consortium (BRC) showed that footfall inched 0.1 per cent higher in June, compared with a year ago. With the increase coming from High Street and out-of-town locations, retailers like SuperGroup, Sports Dir
Read moreLondon midday: Banks, miners provide a lift after China data
15th Jul 2013 11:42
Cyclical stocks welcomed in-line gross domestic product (GDP) figures from China on Monday morning with the FTSE 100 nearly hitting seven-week highs early on. London's benchmark index started the new week trading near the 6,600 level; the last time the FTSE 100 closed higher was on May 30th. Gains
Read moreThursday broker round-up UPDATE
11th Jul 2013 08:23
Afren: JP Morgan reduces target price from 195p to 165p and downgrades to underweight. Associated British Foods: Panmure Gordon increases target price from 1800p to 2100p upgrading from hold to buy. AVEVA Group: JP Morgan ups target price from 2300p to 2430p and retains a neutral rating. Aviva: M
Read moreWomenswear, online sales help drive up SuperGroup profits
11th Jul 2013 07:03
Superdry owner SuperGroup hailed its return to form as it reported a rise in full year profits and gave details of its expansion plans. The fashion retailer said a good response to its Spring/Summer 2013 womenswear ranges helped drive underlying retail sales up 5.7% in the year to April 28th. Pre-t
Read moreThursday preview: Associated British Foods third quarter results
10th Jul 2013 13:48
Associated British Foods (ABF) unveils its third quarter results on Thursday. The parent company of Primark's trading is expected to show the effects of an unseasonably cold spring. Canaccord Genuity has also highlighted the impact of the UK sugar beet industry on ABF, which owns British Sugar.
Read moreTuesday broker round-up UPDATE
9th Jul 2013 07:53
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
Read moreWednesday broker round-up UPDATE
3rd Jul 2013 09:16
Aberdeen Asset Management: Bank of America reduces target price from 410p to 360p maintaining an underperform rating. ARM Holdings: UBS upgrades to buy from neutral, keeps target price at 970p. Cineworld: Investec ups target price from 347p to 360p and keeps a buy recommendation. N+1 Singer moves
Read moreThursday broker round-up UPDATE
27th Jun 2013 07:36
Antofagasta: Investec cuts target price from 892p to 691p downgrading from reduce to sell. Black Mountain Resources: Westhouse Securities shifts target price from 23p to 17p, while its buy recommendation remains unaltered. Bunzl: Numis upgrades to buy with a target price of 1505p. Capita: Jefferi
Read moreLondon open: Stocks surge as markets play catch up after long weekend
28th May 2013 08:30
UK markets surged in early trading on Tuesday with traders wasting no time in playing catch up as they returned to their desks following the three-day weekend. After reaching a 13-year high on Wednesday, the FTSE 100 dropped sharply in the latter part of last week on fears of a scaling back of stim
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