Editor's Picks
US open: Good trade numbers ahead of Obama and Bernanke
Thursday 08 Sep 2011
Stocks are now trading down slightly, although the main market averages are off their lows for the session (Dow Jones Industrial: -37, Nasdaq Comp.: -10, S&P 500: -8). The above following yesterday’s sharp bounce back and, according to some, following the ECB President’s not sufficiently accommodative stance in today’s press conference,
Premium tips: Home Retail, AMS, Ashtead...
Thursday 08 Sep 2011
Panmure Gordon slashed its target price for Homebase and Argos owned Home Retail Group from 150p to 95p, saying that it “looks likely that group profits will fall for the next two years and it is becoming increasingly stretching to see any short term upside for the shares.” A hold rating is maintained but earnings forecasts are cut by 7, 19% and 27%, respectively, for the next three years.
Three cheers for Ireland: A positive appraisal from the IMF
Thursday 08 Sep 2011
The International Monetary Fund (IMF) yesterday published its latest staff report on Ireland, one of Great Britain’s largest export partners and a key country for the financial health of many of its lenders.
Market overview: FTSE 100 down 45
Thursday 08 Sep 2011
1410: Stocks are firmly in the red now as traders digest the European Cental Bank's ruminations after it kept Eurozone monetary policy unchanged. Car insurer Admiral is at the bottom of the pile after the Office of Fair Trading said it was going to investigate the car insurance sector. Miners Eurasian Natural Resources and Lonmin also appear among the fallers now. Morrisons is now the top riser.
Market overview: M&A rumours swirling around Tullow Oil
Thursday 08 Sep 2011
1054: Bluechips are still trending higher on the London benchmark today, led by the likes of RBS, Glencore and Lloyds. On today's agenda, the results of the latest monetary policy meetings at the Bank of England and European Central Bank, as well as a speech by US President Barack Obama, this evening. On the broader market retailers have atracted some attention following the latest results out
Premium broker snap: Vallares/Genel merger to benefit UK E&Ps in Kurdistan
Thursday 08 Sep 2011
RBS sees the merger between Vallares and Genel as a net positive for the UK exploration and production (E&P) companies already present in Kurdistan.
Europe open: Waiting for Trichet
Thursday 08 Sep 2011
European markets are mostly taking a pause for breath after yesterday's strong showing, when investors rushed to buy on the back of a German court ruling which quashed attempts to block the country from participating in Euro-area rescues.
Europe open: Waiting for Trichet
Thursday 08 Sep 2011
European markets are mostly taking a pause for breath after yesterday's strong showing, when investors rushed to buy on the back of a German court ruling which quashed attempts to block the country from participating in Euro-area rescues.
32Red in the black
Thursday 08 Sep 2011
32Red, the online gaming company, posted an impressive 42% increase in revenue in the first half of 2011 to £11m after securing a sharp rise in casino customers.
32Red in the black
Thursday 08 Sep 2011
32Red, the online gaming company, posted an impressive 42% increase in revenue in the first half of 2011 to £11m after securing a sharp rise in casino customers.
Market overview: M&A rumours swirling around Tullow Oil
Thursday 08 Sep 2011
1054: Bluechips are still trending higher on the London benchmark today, led by the likes of RBS, Glencore and Lloyds. On today's agenda, the results of the latest monetary policy meetings at the Bank of England and European Central Bank, as well as a speech by US President Barack Obama, this evening. On the broader market retailers have atracted some attention following the latest results out
Longer opening hours help Morrisons beat expectations
Thursday 08 Sep 2011
Supermarket chain Morrisons’ focus on value – and longer opening hours – helped it post sales and profits ahead of expectations in the half year to 31 July.
Thursday tips round-up: Supergroup, Prezzo, IQE
Thursday 08 Sep 2011
Fashion group Supergroup sells at 17 times this year’s earnings. Lifestyle brands such as SuperGroup have done well over the recession and future growth looks assured, but the churl in me finds it hard to see immediate progress for a retailer on this sort of multiple in this market, says Martin Waller of the Times.
Store closures help Laura Ashley fashion profit rise
Thursday 08 Sep 2011
Closing unprofitable shops helped homewares and ladies fashion retailer Laura Ashley post a rise in profits in the half year to 30 July.
Store closures help Laura Ashley fashion profit rise
Thursday 08 Sep 2011
Closing unprofitable shops helped homewares and ladies fashion retailer Laura Ashley post a rise in profits in the half year to 30 July.
Home Retail in 'good operational shape'
Thursday 08 Sep 2011
Home Retail Group, the company which owns Argos and Homebase, saw revenues down in both chains in its second quarter.
London pre-open: Footsie to continue climbing
Thursday 08 Sep 2011
Having climbed back above 5,300 yesterday the Footsie is set to rise further at the outset after Wall Street put in a good shift last night. City sources predict the FTSE 100 will open 22 points up from yesterday's close of 5,319. Supermarket chain Morrisons’ focus on value helped it post sales and profits ahead of expectations in the half year to 31 July.
London pre-open: Footsie to continue climbing
Thursday 08 Sep 2011
Having climbed back above 5,300 yesterday the Footsie is set to rise further at the outset after Wall Street put in a good shift last night. City sources predict the FTSE 100 will open 22 points up from yesterday's close of 5,319.
Longer opening hours help Morrisons beat expectations
Thursday 08 Sep 2011
Supermarket chain Morrisons’ focus on value – and longer opening hours – helped it post sales and profits ahead of expectations in the half year to 31 July. Pre-tax profits rose to £449m from £412m the previous year. Turnover climbed to £8.7bn from £8.1bn, while like-for-like sales rose by 2.2%. Analysts at Panmure Gordon had predicted profits of about £440m and like-for-like sales growth of 1.9%, while Nomura had predicted like-for-like sales growth of 2%.
Europe close: Stocks jump after German court decision
Wednesday 07 Sep 2011
European markets surged on Wednesday, with Athens leading the way, after Germany’s top court backed quashed attempts to block the country from participating in Euro-area rescues.
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