Broker snap: Sell Thomas Cook, recommends Prime Markets
12th Jul 2011 11:16
Prime Markets suggests selling Thomas Cook shares into any strength up to its interim management statement on 11 August. The travel operator issued a profit warning for the third quarter on Tuesday, with underlying operating profit for the three months ended 30 June likely to be £5m lower than expe
Read moreLondon open: Thomas Cook leads the slide
12th Jul 2011 08:26
London's leading share index is down by nearly 100 points but it is FTSE 250-listed travel group Thomas Cook that is the main talking point after a profit warning. Thomas Cook's shares are down by more than a fifth after it said its third quarter results will miss expectations as the turmoil in the
Read moreLondon pre-open: Decline set to continue
12th Jul 2011 07:37
With the Dow Jones suffering a triple digit fall in the US last night, traders' screens are expected to be mostly red when the market opens. City sources said the top-share index is expected to open almost 50 points down from last night's close of 5,929. Thomas Cook's third quarter results will mis
Read moreThomas Cook to miss expectations
12th Jul 2011 07:02
Thomas Cook's third quarter results will miss expectations as the turmoil in the Arab world and economic weakness in the UK take its toll on the travel operator. The firm said its French operations have been hit particularly hard by the political unrest in countries such as Egypt, Tunisia and Moroc
Read moreFTSE 250 movers: Clothing retailers gain momentum
5th Jul 2011 15:22
Apparels and sports and athletic inspired fashion retailers rose sharply on Tuesday, pushing the mid-cap stock index higher. The top risers on the FTSE 250 included Carpetright and Sports Direct. Dixons Retail, whose shares had lost more than 4% since its earnings report on June 23, also climbed hig
Read moreFTSE 250 movers: Dixons, Kesa surge on Comet rumours
16th May 2011 15:59
Electrical products retailers Dixons Retail and Kesa Electricals have jumped higher after press speculations that the latter is contemplating where to offload its Comet chain. London Stock Exchange is wanted after saying it remains committed to its proposed merger with its Canadian counterpart TMX
Read moreBroker tips: Thomas Cook, Experian, JD Sports
16th May 2011 11:35
Nomura has downgraded its forecasts for tour operator Thomas Cook as continued tension in the Middle East and North Africa (MENA) region and tough trading in the UK will likely affect earnings for the full year. While the group reported a first half operating loss of £166m broadly in line with Nom
Read moreBroker snap: MENA and UK impact hits Thomas Cook
16th May 2011 10:56
Nomura has downgraded its forecasts for tour operator Thomas Cook as continued tension in the Middle East and North Africa (MENA) region and tough trading in the UK will likely affect earnings for the full year. While the group reported a first half operating loss of £166m broadly in line with Nom
Read moreBroker snap: TUI's strong first half prompts moderate upgrades
11th May 2011 12:09
Credit Suisse keeps its 'neutral' rating on tour operator TUI Travel, but raises its earnings estimates after strong first half results. The broker said that company - which owns First Choice and Thomsons - reported a "solid first half performance" on Tuesday (driven by a £23m Canadian turnaround)
Read moreBroker tips: Rank, Thomas Cook, N Brown
10th May 2011 12:33
Credit Suisse highlights an "attractive story" and "sensible valuation" at casino and bingo hall operator Rank, but keeps its 'neutral' stance saying that the stock is lacking near-term catalysts. Last week, Guoco acquired an additional 11.6% shareholding, taking its stake to 40.8% and forcing a ma
Read moreBroker snap: UK a concern at Thomas Cook
10th May 2011 12:24
RBS has scaled back its target price for travel company Thomas Cook after an "uninspiring update" which saw first half numbers come in under expectations. First half operating losses were worse than the broker's expectations at £166m, up from the £130m reported last year. "While the gap can be exp
Read moreFTSE 250 movers: CSR rises after questioning merger
9th May 2011 13:33
Bluetooth chip specialist CSR is the best performer on the FTSE 250 after it questioned the recent results of US merger partner Zoran. The US peer said it is forecasting second quarter sales of $80-85m, down from a previous prediction of between $95-97m, after a disappointing first quarter. CSR said
Read moreMENA turmoil hits Thomas Cook
9th May 2011 08:05
Travel company Thomas Cook said it remains well positioned to make progress this year despite losses arising from unrest in the Middle East and North Africa. Political upheaval in the MENA and the shift of Easter into the second half resulted in an increased seasonal operating loss of £166m, up £3
Read moreLondon close: Shares stage late rally
29th Mar 2011 16:38
The top share index staged a recovery ahead of the close, helped by Wall Street snapping out of a sluggish start. BP was a laggard. One of the oil giant's major shareholders, Standard Life, has told the oil giant to walk away from its troubled deal with Russian state oil company Rosneft. BP wants
Read moreLondon afternoon: Downward drift continues
29th Mar 2011 14:59
Shares continue to drift lower with BP leading the way down as concerns about its Russian expansion plans rumble on. One of BP's major shareholders, Standard Life, has told the oil giant to walk away from its troubled deal with Russian state oil company Rosneft. BP wants to push ahead with the sh
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