Thursday preview: Sports Direct reports full-year earnings, Fed's Yellen delivers testimony
15th Jul 2015 15:22
(ShareCast News) - Sports Direct is expected on Thursday to post an increase in full-year earnings in line with market consensus. In May, the retailer of sporting goods said underlying earnings before interest, tax, depreciation and amortisation (EBITDA) would match analysts' forecasts but pre-tax p
Read moreFTSE 100 risers: Financials flying, retailers bounce on minimum wage revision
10th Jul 2015 14:19
(ShareCast News) - London's blue chips breezed higher on a sunny Friday afternoon, buoyed by China's stock market bounce and renewed hopes of a deal for Greece, and with financial stocks leading the charge. A bullish note from Barclays also injected some life into insurers and other money managers,
Read moreBroker Tips: Johnson Matthey, Vodafone, Greene King, Sports Direct, Diageo
23rd Jun 2015 14:12
Johnson Matthey rose 2.4% on Tuesday, topping the FTSE 100 leader board after Citigroup upgraded the stock to 'buy' from 'neutral' and raised the price target to 3,600p from 3,200p. Citi pointed out that 50% of the company's earnings before interest and tax is based on emission catalysts for light d
Read moreFTSE 100 movers: Bunzl dips on slower growth, miners extend losses
23rd Jun 2015 13:28
London markets continued to rebound on Tuesday, as better-than-expected economic data, positive broker sentiment and renewed optimism on Greek negotiations buoyed stocks. As of 14:15 BST, the FTSE 100 was trading 0.3% higher at 6,846. Distribution and outsourcing business Bunzl disappointed with a
Read moreRBC upgrades Sports Direct to 'outperform' as momentum builds
23rd Jun 2015 09:14
Shares in retailer Sport Direct were in fashion on Tuesday after RBC Capital Markets raised its stance on the stock from 'sector perform' to 'outperform'. The broker said the business is "regaining momentum", as it upgraded its target price for the shares from 650p to 800p. After raising its earnin
Read moreLondon open: Stocks continue to advance on Greek hopes
23rd Jun 2015 09:08
UK stocks advanced again on Tuesday morning, extending the strong rally seen the previous session as hopes over a short-term funding deal for Greece continued to increase. The FTSE 100 was up 0.18% at 6,837.85 after a 1.7% jump on Monday. Optimism surrounding Athens picked up on Monday following a
Read moreLondon midday: Bond jitters weigh on stocks
4th Jun 2015 11:54
UK stocks edged lower following recent volatility in sovereign debt markets and amid mixed reports on the progress made at a meeting between Greek Prime Minister Alexis Tsipras and the head of the European Commission, Jean Claude Juncker. As of 12:21 the FTSE 100 was lower by 95.23 points to 6,855.2
Read moreLondon open: European bond yields keep rising, stocks down
4th Jun 2015 08:48
Stocks began the morning moving lower amid mixed reports regarding the progress made at a meeting between Greek Prime Minister Alexis Tsipras and the head of the European Commission, Jean Claude Juncker. As of 08:55 the FTSE 100 was lower by 87.36 points to 6,863.10. A large drop in Chinese stocks
Read moreSports Direct appoints new finance chief
4th Jun 2015 07:43
Sports Direct International said on Thursday that it has promoted Matt Pearson to acting chief financial officer following the departure of its previous CFO 18 months ago. Pearson joined the company as a group financial accountant from EY, formerly known as Ernst & Young, in June 2007 and was subseq
Read moreLondon close: Stocks edge higher after choppy session amid Greek uncertainty
28th May 2015 16:38
London's stocks finished a choppy session in the green, though gains were only modest as sentiment continued to be dominated by mixed newsflow from Greece. The FTSE 100 settled the session up 7.59 points (+0.11%) at 7,040.92 after swinging between gains and losses for most of the day, with trading v
Read moreLondon midday: Stocks shrug off weak UK data as Greek newsflow continues
28th May 2015 11:44
Stocks erased losses to push into positive territory by Thursday lunchtime despite some disappointing UK economic data, as investors continued to focus on newsflow from Greece. The FTSE 100 was up 0.18% at 7,045.78 by midday, having bounced off an earlier low of 7,005.88. Markets seemingly shrugged
Read moreLondon open: Markets retreat on Greek uncertainty
28th May 2015 08:40
Stocks opened in the red on Thursday as investors took profits following a surge the day before, with renewed uncertainty in Greece hitting sentiment. The FTSE 100 was down 0.22% at 7,017.70 early on. Reports of a imminent Greek debt deal hitting the wires spurred buying on Wednesday, sending the i
Read moreSports Direct lifts profit and earnings guidance
28th May 2015 07:56
High street sports retailer Sports Direct has lifted its guidance for annual profits, causing shares to jump early on Thursday. The group is making the update on its results for the full year ended 30 April at its annual conference, attended by 900 employees and partners from major third-party suppl
Read moreFTSE 100 movers: energy, property and banks towering after Tory triumph
8th May 2015 13:26
British Gas owner Centrica topped the risers after Labour's defeat eliminated the possibility of an energy price freeze and tighter regulation, with SSE also making making substantial gains. Broker SocGen highlighted the opportinuty, noting utilities have underperformed the UK market by 9% and the E
Read moreLondon close: Stocks come off intraday highs as US data disappoints
1st Apr 2015 16:37
UK stocks trimmed earlier gains by the close after a weak start on Wall Street, but still managed to finish in the green as markets bounced slightly following a sell-off the previous session. London's FTSE 100 finished the session up 36.46 points, or 0.54%, at 6,809.50. The index had dropped 1.7% to
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