FTSE 250 movers: Telecom Plus surges after strong first half
8th Oct 2013 15:54
The share price of Telecom Plus surged on Tuesday afternoon after the utility services company reported that growth accelerated strongly in the first half. The firm said that customer numbers jumped by 50 per cent in the six months to September 30th, as it guided to a record full-year performance. F
Read moreSector movers: Retailers hit by slowing sales growth
8th Oct 2013 14:26
Retail stocks were off shopping lists again on Tuesday as some disappointing economic data prompted concerns about consumer demand. UK retail sales growth slowed for the second straight month in September, the British Retail Consortium (BRC) has revealed. Like-for-like sales growth fell to an ann
Read moreLondon midday: Retailers, miners drag FTSE 100 into the red
8th Oct 2013 11:20
Markets were sharply lower on Tuesday with retailers and miners providing a drag as investors digested a barrage of gloomy economic data and the ongoing government shutdown in the States. The FTSE 100 dipped below the 6,400 mark in morning trade, a level seen as support for London's benchmark index
Read moreSector movers: Burberry, M&S drag peers lower
7th Oct 2013 15:39
Personal goods and retail stocks were out of favour on Monday with sector giants Burberry and Marks & Spencer providing a drag. Shares in British luxury brand Burberry were under heavy selling pressure after its Chief Executive Officer Angela Ahrendts told French newspaper Les Echos that the slowdo
Read moreFriday tips round-up: Aviva, Ted Baker, Gemfields
4th Oct 2013 07:26
Aviva's sale of its USA unit means that the programme of sales of non-core businesses, or those that needed more capital than Aviva was prepared to commit, is now largely over. The US disposal allows internal debt to continue to reduce and boosts the key internal surplus capital ratio ? the differen
Read moreTed Baker half-year profit leaps 50 per cent
3rd Oct 2013 07:09
London-based clothing company Ted Baker revealed a strong set of half-year results, as it entered six new international markets, and said trading in the key second half has been positive across the business. The group, which has defied gloom on UK high street by accelerating development overseas th
Read moreCan Pirc poke a hole in the Supergroup bubble?
8th Sep 2013 17:54
Since street fashion designer and retailer Supergroup [SGP] floated on London's main market back in 2010 it has hardly had the smoothest of sashays down the catwalk. It has almost seemed like the company was issuing profit warnings as often as the fashion seasons changed. The company, whose main b
Read moreWednesday broker round-up UPDATE
7th Aug 2013 08:57
Antofagasta: Canaccord Genuity ups target price from 1000p to 1035p leaving its buy recommendation unchanged. BBA Aviation: JP Morgan increases target price from 289p to 343p retaining an overweight rating. UBS moves target price from 250p to 280p and reiterates a neutral rating. Liberum Capital ra
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 moreFriday newspaper round-up: Ted Baker, MF Global, RBS
28th Jun 2013 06:49
The Church of England has backed consortium of financiers who are trying to win a bid for 315 Royal Bank of Scotland branches with millions of pounds, The Telegraph reported. Ted Baker's Chief Executive and founder, Ray Kelvin, is selling a £20m stake of the company. He placed 1.2m shares at £17, r
Read moreFTSE 250 movers: New World Resources bounces off record low
21st Jun 2013 14:38
It's been a rough ride for Europe-based hard coal and coke producer New World Resources (NWR), but the stock rebounded strongly on Friday, leading the risers on the FTSE 250 index after hitting a record low the day before. While mining stocks bore the brunt of the dramatic sell-off seen across globa
Read moreLondon close: FTSE 100 drops three per cent after Fed signals end to QE
20th Jun 2013 16:58
Equity, bond and commodity markets were a sea of red on Thursday as traders fled from risk in the aftermath of the Federal Reserve's confirmation of its stimulus 'exit strategy'. The FTSE 100 finished down an eye-watering 189 points, falling 2.98% to 6,160. The last time the index was at this level
Read moreFTSE 250 movers: Ted Baker, Ashtead, New World Resources, Man Group
20th Jun 2013 13:56
Ted Baker's shares soared after the fashion chain reported retail sales growth that beat forecasts. The UK company reported a 32.7 per cent rise in overall group sales. Ashtead Group advanced after the equipment rental firm reported a record year of pre-tax profit. Revenue growth, operational effi
Read moreLondon midday: Markets drop over two per cent in Fed aftermath
20th Jun 2013 11:38
The Federal Reserve may have painted a better picture of the US economy last night, but the concept of a life without quantitative easing (QE) prompted a heavy sell-off on equity markets on Thursday morning, with indices across Europe hit hard following steep losses on Wall Street. The Federal Open
Read moreBroker tips: Melrose, Tesco, Dixons, Ted Baker
20th Jun 2013 11:10
Investec has maintained its 'buy' rating for industrial conglomerate Melrose after the better-than-expected sale price from the disposal of motor manufacturing division Marelli Motori. "Melrose's model (and record) also includes holding the appropriate level of capital for its current requirements,
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