FTSE 250 movers: SuperGroup's margin trouble outweighs sales surge
15th Dec 2010 16:13
Trendy fashion retailer SuperGroup leads the market lower Wednesday afternoon after seeing its share price fall by +220p. Early signs for Christmas trade are "very encouraging" with sales rising by 65% in the first half, though a warning on margins has sparked some heavy profit taking. Profit befor
Read moreLondon midday: Stocks stuck lower
15th Dec 2010 12:12
Shares are under the weather today as eurozone debt worries resurface, adding to the gloom after last night's comments from the US Federal Reserve about "disappointingly slow" growth. Two ratings agencies have issued separate warnings on the debt worries plaguing Spain and Belgium. Moody's says it
Read moreLondon open: Blue chips head lower
15th Dec 2010 08:58
Late weakness on Wall Street has caused an an early slip in London despite a bid for Capital Shopping and more drilling success for BG. Simon Property has written to Capital Shopping Centres (CSC) outlining an indicative proposal worth 425p a share in cash, or almost £3bn. US mall owner Simon, wh
Read moreSenior to top forecasts
15th Dec 2010 07:27
Engineer Senior has seen a decent tailwind since October with underlying profits slightly ahead of expectations in each of the past two months. As a consequence, underlying profits overall for 2010 will be above the top end of the previous market range of £61.0m to £63.5m. The improvement is attri
Read moreWednesday Preview: SuperGroup, Senior
14th Dec 2010 17:02
Trendy clothing group SuperGroup, whose interim results are due, saw its breakneck growth speed up in the three months to the end of October. Total group sales in the period were up 68.4% to £57.5m from £34.1m a year earlier. That brought sales for the first six months of the group's financial year
Read moreLondon close: Footsie closes lower after China rate hike
19th Oct 2010 16:39
Shares fell in the afternoon after a surprise hike in rates in China took investors by surprise and the leading share index finished firmly in the red. The People's Bank of China upped its one-year deposit rate to 2.5% from 2.25%, while the lending rate has been hiked to 5.56% from 5.31%, with effe
Read moreFTSE 250 movers: Jupiter takes off
19th Oct 2010 15:45
Shares in Jupiter have rocketed after the asset manager unveiled a sharp rise in the value of its assets. 'Whilst markets rose across the quarter, fears of a double dip recession in developed world economies depressed sentiment before a rally in September,' chief executive Edward Bonham Carter (bro
Read moreLondon afternoon: Chinese rate rises prompt sell-off
19th Oct 2010 14:24
Having drifted aimlessly during the morning session shares turned briskly south over lunch after China made surprise changes to some of its interest rates. The People's Bank of China upped its one-year deposit rate to 2.5% from 2.25%, while the lending rate has been hiked to 5.56% from 5.31%, with e
Read moreLondon midday: Tech titans' fortunes differ
19th Oct 2010 12:03
London had a subdued morning with investors reluctant to jump too far in one direction ahead of tomorrow's release of the meeting notes from the most recent Monetary Policy Committee chin-wag. There has been some excitement in the tech sector, however, after yesterday's blockbusting results from Ap
Read moreSenior boosted by airliner programmes
19th Oct 2010 08:36
Aerospace and lorry hydraulics group Senior has upped its profits expectations again and now expects to hit the top end of market forecasts this year. A stronger than expected third quarter contribution from the Flexonics Division and a solid outlook for the final quarter prompted the upbeat statem
Read moreLondon close: Footsie soars as earnings impress
2nd Aug 2010 16:51
Footsie posted triple-digit gains as strong earnings here and elsewhere cheered investors. HSBC gave the banking sector a lift. The global banking giant's pre-tax profit more than doubled to $11.1bn on a reported basis, while underlying pre-tax profit rose by 30% to $9.6bn/ Loan impairment charges
Read moreUK SMALLCAP ROUNDUP: President Petroleum Co Ups Reserves
2nd Aug 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps PRESIDENT PETROLEUM CO. PLC (PPC.LN), an oil and gas explorer, Monday increased its reserves in the U.S. more than four-fold to 12.9 million barrels of o
Read moreLondon afternoon: Triple digit rise for Footsie
2nd Aug 2010 14:20
The Footsie is sitting on a triple-digit gain though the benchmark index has largely traded sideways since 9:30 this morning when the purchasing managers index (PMI) for UK manufacturing was released. The index showed that activity in British factories grew at a slower pace in July, but the decli
Read moreUPDATE: Senior To Beat 2010 Views As Aircraft Orders Build
2nd Aug 2010 13:22
(Adds executive and analyst comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. aerospace engineer Senior PLC (SNR.LN) Monday said it expects 2010 profit to beat market forecasts now production rates for major new aircraft like Boeing Co.'s (BA) 787 Dreamliner are
Read moreUK SMALLCAP ROUNDUP: Management Consulting Sees More Debt Cut In 2H
2nd Aug 2010 12:29
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MANAGEMENT CONSULTING GROUP PLC's (MMC.LN) net debt is expected to fall by as much as 20% in the second half, Finance Director Craig Smith said Monday, a
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