Sector movers: Investors gobble up food stocks
4th Aug 2010 15:22
Rising wheat prices have given companies that use the commodity plenty of food for thought lately, but Premier Foods, the maker of Hovis bread, is in demand today after first half results. The stock is leading the food producers sector higher. Pre-tax losses for continuing operations widened to £54
Read moreFTSE 250 movers: Salamander under pressure
4th Aug 2010 15:21
Salamander Energy is today's heaviest faller. The oil explorer has been hit with a double dose of bad news as it's had to restate reserves for the Kambuna field, offshore North Sumatra Indonesia, while a well in Lao PDR turned up dry. Carpetright is taking a bit of a trampling after sales fell duri
Read moreLondon midday: Stocks start to recover
4th Aug 2010 12:08
Leading share prices have come off the bottom but the FTSE 100 remains in arrears, following mixed news on the corporate front. Shares in Next are sharply lower. The fashion retailer has noticed a 'cooling' in consumers' demand in recent months, but still expects profits this year to rise by betwee
Read moreLondon open: Blue chips lower on mixed results
4th Aug 2010 08:40
London has made a quiet start after a decline on Wall Street overnight and mixed trading statements this morning. Lloyds is very much back in the black after posting a profit of £1.6bn for the first half of 2010, twice as much as some analysts had forecast. The bank, which lost almost £4bn this tim
Read moreBad start to year for Carpetright
4th Aug 2010 08:04
Sales fell at Carpetright during the first quarter, forcing the carpet and flooring retailer to take another close look at costs and spending. Like for like sales in the UK and Ireland dropped 3.4% in the 13 weeks ended 31 July compared with a 1.4% increase this time last year. The decline accelera
Read moreMARKET TALK: Singer Cuts Carpetright Price Target
30th Jun 2010 12:14
1114 GMT [Dow Jones] Singer cuts Carpetright (CPR.LN) price target by 30% to 600p. Says growth faded in 2H, in contrast to the pronounced recovery in 1H. Thinks the pace of recovery is likely to remain subdued for most of the current year and new contract sales in particular are taking time to build
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
30th Jun 2010 12:14
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1114 GMT [Dow Jones] Singer cuts Carpetright (CPR.LN) price target by 30% to 600p. Says growth faded in 2H, in contrast to
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
30th Jun 2010 11:49
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1049 GMT [Dow Jones] UBS cuts Carpetright (CPR.LN) price target to 660p from 680p, following the company's FY results. Notes
Read moreMARKET TALK: UBS Cuts Carpetright Price Target
30th Jun 2010 11:49
1049 GMT [Dow Jones] UBS cuts Carpetright (CPR.LN) price target to 660p from 680p, following the company's FY results. Notes the outlook for sales recovery is weaker than previously expected. As a result, the brokerage pushes back its forecast for sales recovery 12 months and cuts it '11 EPS estimat
Read moreMARKET TALK: HSBC Cuts Carpetright Price Target
30th Jun 2010 11:14
1014 GMT [Dow Jones] HSBC cuts Carpetright (CPR.LN) price target to 690p from 830p following the company's FY results. Carpetright's weak outlook will drag on the share price performance, says HSBC. Still, "overall, we remain optimistic on positive surprises in loan growth and margin expansion this
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
30th Jun 2010 11:14
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1014 GMT [Dow Jones] HSBC cuts Carpetright (CPR.LN) price target to 690p from 830p following the company's FY results. Carpet
Read moreWednesday tips round-up: Vedanta, Serco, Carpetright
30th Jun 2010 06:47
If there were a "nasty company of the year" award, the FTSE-100 listed mining group Vedanta Resources would not be short of nominations. Human rights and environmental activists consistently attack Vedanta for its practices, not least its bauxite project in the Niyamgiri hills of Orissa state in e
Read moreLondon close: Footsie dives on economic concerns
29th Jun 2010 16:31
London's leading shares ended with heavy losses as concerns about the global economy resurfaced again. Traders were nervy in Europe about bank payments that need to be made to the European Central Bank this week, while triple-digit falls on Wall Street added to London's woes. As in London, US in
Read moreUK SMALLCAP ROUNDUP: E-Therapeutics Seeks Pharma Alliances
29th Jun 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 E-THERAPEUTICS PLC (ETX.LN), a U.K. drug developer, said Tuesday its focus this year and next will be on clinical trials of its experimental medicines an
Read moreLondon afternoon: Stocks dive deeper
29th Jun 2010 14:27
Expectations of a triple-digit fall on the Dow Jones index when Wall Street opens has added to London's woes. As in London, US investors are concerned that China's economy is not likely to grow at the rate previously anticipated. US based research group the Conference Board said overnight that its
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