London close: FTSE ends with modest rise after ECB, BoE, US data
4th Sep 2014 16:59
The FTSE ended Thursday's session up 4.39 points following a busy day for investors around the globe, with rate decisions unveiled by both the Bank of England (BoE) and European Central Bank (ECB)The BoE's Monetary Policy Committee (MPC) decided to keep its main policy rate and the size of its asset
Read moreFTSE 250 movers: Supergroup jumps after sales beat expectations
4th Sep 2014 16:41
A decline in like-for-like (LFL) sales at fashion retailer Supergroup was not as bad as feared in the first quarter, helping the stock to jump on Thursday. The company also reassured the market by highlighting improving trends over the first few weeks of the second quarter. A 44.5% leap in profit h
Read moreBroker tips: Standard Life, Hargreaves Lansdown, Wm Morrison, Balfour Beatty, Supergroup
4th Sep 2014 13:00
Standard Life (SL) shares should "re-rate upwards" after the £2.2bn sale of its Canadian operations Manulife Financial, according to Deutsche Bank. The bank kept a 'buy' rating for the insurance stock and lifted its target price by 6% from 428p to 455p. "In addition to the high price achieved, we s
Read moreLondon midday: Gains limited as investors await ECB meeting, Draghi
4th Sep 2014 12:09
- Draghi in focus as ECB decides on policy - BoE holds rates, global data ahead - Standard Life surges after Canadian deal - EasyJet, Supergroup and Go-Ahead rise techMARK 2,868.07 +0.03% FTSE 100 6,888.35 +0.21% FTSE 250 15,960.26 -0.20% UK market were rangebound on Thursday morning, fluctuating
Read moreInvestec hails reassuring update from Supergroup
4th Sep 2014 11:33
Investec has repeated its 'buy' recommendation for Supergroup, saying that better-than-expected first-quarter results from the fashion retailer should "reassure" investors. "We continue to believe the valuation does not reflect the brand's longer-term growth potential in the UK and internationally,
Read moreLondon open: Standard Life leads UK stocks higher, but gains limited ahead of ECB
4th Sep 2014 09:00
- Expectations high ahead of ECB meeting - BoE decision and global economic data also in focus - Standard Life surges on cash return news - FTSE 100 nears 14-year and record intraday high techMARK 2,868.54 +0.04% FTSE 100 6,881.13 +0.11% FTSE 250 15,977.67 -0.09% UK stocks were close to a 14-year
Read moreSupergroup sees improving trends after LFL decline in Q1
4th Sep 2014 08:42
A decline in like-for-like (LFL) sales at fashion retailer Supergroup was not as bad as feared in the first quarter, helping the stock to jump in early deals on Thursday. The company also reassured the market by highlighting improving trends over the first few weeks of the second quarter. Sales du
Read moreLondon midday: UK stocks near three-week high as inflation eases
19th Aug 2014 12:07
- UK inflation drops to four-month low of 1.6% - Housebuilders, retailers on the rise - Imperial impresses with results, BHP falls on demerger plans techMARK 2,802.05 +0.72% FTSE 100 6,766.71 +0.38% FTSE 250 15,903.92 +0.68% UK stocks extended their winning streak into the fifth session on Tuesday
Read moreFTSE 250 movers: AO World shares extend drop despite solid Q1
17th Jul 2014 15:27
AO World shares dropped on Thursday after the kitchen appliances retailer despite a seemingly strong first-quarter update with like-for-like sales up 30% as analysts cited concerns about the company launch in Germany later this year. Retail Analyst Nick Bubb said that the expansion into German is
Read moreSuperGroup cash surprises but like-for-likes disappoint
10th Jul 2014 09:00
- Revenue up 19.6%, PBT up 19% - LFLs up 3.2%, hit by Q4 weakness - Net cash higher than expected, no cash return planned Clothing brand SuperGroup delivered solid full year results in line with recently guided expectations while emphasising it had invested considerable money and management time i
Read moreFTSE 250 movers: Evraz soars on latest rumours
7th Jul 2014 15:45
Evraz shares extended Friday's gains, today lifted by rumours Mechel, a Russian miner, is planning to merge its assets with the steel giant. At the end of last week the group was lifted by rumours it was looking to offload a stake in its North American assets in an effort to cut debt. Balfour Beat
Read moreLondon pre-open: FTSE to move higher ahead of Q1 GDP revision
27th Jun 2014 07:40
Blue chips are expected to shrug off a poor performance in Asia and an "indifferent" session in the US ahead of the final revision of first-quarter UK economic growth and a number of other economic data releases. The FTSE 100 is predicted to open around 10 points above yesterday's close of 6,735.
Read moreSuperGroup regains Scandinavian trading rights after buying distributor
27th Jun 2014 07:05
SuperGroup has regained the rights to trade in Denmark, Norway and Finland after acquiring the SMAC Group, its long-term Scandinavian distributor. The FTSE 250 company said the move would help it meet its ambitious plans for the region, by freeing it to invest its own capital in the store roll-out
Read moreFTSE 250 movers: Supergroup lifted by broker rating after recent falls
19th Jun 2014 14:19
SuperGroup investors took heed of the 'buy' recommendation preferred by Canaccord Genuity, with the broker saying that the "brand [is] still in fashion, even if shares aren't". The shares have been under heavy selling pressure in recent weeks, which presents an "good buying opportunity". Hedge fund
Read moreBroker tips: Rolls-Royce, BG Group, Micro Focus, SuperGroup
19th Jun 2014 13:19
Investec has kept a 'buy' rating for Rolls-Royce, labelling the engineer as a "shareholder-friendly diversified financial" after a potential £1bn share buyback was announced on Thursday. "We do not believe the share buyback was expected by investors and, as such, we think it is likely to be taken v
Read more