London midday: Stocks off intraday lows after manufacturing data
3rd Oct 2011 12:13
While losses have been trimmed since the open, Greek deficit fears continued to weigh on stocks at midday, with the banking peers Standard Chartered, Barclays and Royal Bank of Scotland among the heaviest fallers. Banks across Europe joined in with the sell-off, with French lenders BNP Paribas and
Read moreSector movers: Kingfisher, Dunelm, Home Retail pull retailers higher
16th Sep 2011 15:16
Kingfisher and Dunelm pulled the general retailing sector to the top of the pile on Friday, extending gains made yesterday on the back of some strong results. Kingfisher, the company behind the Screwfix and B&Q brands, was among the top risers on the FTSE 100 for the second day in a row after it an
Read moreLondon close: Footsie jumps on euro hopes
15th Sep 2011 16:27
After an already strong start to trading on Thursday on the back of a Franco-German statement on Greece, markets across Europe surged following a European Central Bank (ECB) announcement in mid-afternoon, helping the Footsie in London finish over 2% higher. Early on, investors celebrated last night
Read moreLondon midday: Stocks gain on Eurozone hopes
15th Sep 2011 12:09
A combination of some well-received updates from the retail sector and hopes that Nicolas Sarkozy and Angela Merkel will sort out the Euro crisis has sent shares soaring. The Americans and the Chinese have told Eurozone leaders to get their house in order and president Sarkozy of France and German
Read moreRetail sales fall 0.2% in August
15th Sep 2011 09:39
Retail sales fell by 0.2% in volume terms in August, new figures from the Office of National Statistics show, with the outbreak of looting helping to bring about a reverse from the previous month's 0.2% rise. The 0.2% fall was not as severe as the 0.3% drop that had been expected. Sales volumes in
Read moreLondon open: Kingfisher and Dunelm lead retail risers
15th Sep 2011 08:33
Shares are going well in early dealings, with the retailers Kingfisher and Dunelm in demand after results. Kingfisher is flying high after it saw its underlying profit before tax in the 26 weeks to 30 July rise 24% from a year earlier to £439m, on the back of a 3.8% rise in sales. That comfortably
Read moreDunelm unveils robust results
15th Sep 2011 07:16
Homewares retailer Dunelm Group has unveiled robust results for the year to 2 July, with revenue and pre-tax profit both up 9%. Although like-for-like growth was slightly down by 0.6% from a year earlier, revenues rose from £492.8m to £538.5m, while profit before tax profit moved up to £83.6m from
Read moreThursday preview: Retailers in focus
14th Sep 2011 17:21
Panmure Gordon is expecting DIY retailer Kingfisher to prolong its recent record of strong growth when it announces interim results on Thursday. "We look for H1 [first half] pre-tax profits to rise by 14% to £409m, driven by a strong sales performance in France, gross margin growth in all of its m
Read moreSunday tips round-up: Reckitt Benckiser, Dunelm, European Goldfields
10th Jul 2011 10:08
Reckitt Benckiser, the Cillit Bang and Durex maker was said to be in the sights of Unilever or US peer Procter & Gamble. Questor from the Sunday Telegraph takes such talk with a pinch of salt. Not only has this speculation been around for some time, analysts reckon that such a move by either company
Read moreFTSE 250 movers: Dunelm shines in struggling market
7th Jul 2011 16:42
The FTSE 250 regained its momentum with financial services sector advancing higher after the Bank of England maintained record low interest rates for the 28th consecutive month. Meanwhile, on the earnings front, out-of-town home furninshing retailer Dunelm posted like-for-like sales growth despite o
Read moreLondon close: Footsie hits two-month high
7th Jul 2011 16:28
The Footsie finished at levels not seen since early May on Thursday after the Bank of England rate decision and a strong start in the US buoyed sentiment in London. At midday, Bank of England policy makers left interest rates on hold at the record low of 0.5%. The lack of movement was largely expec
Read moreLondon midday: Stocks keep gains
7th Jul 2011 12:05
Stocks remain slightly in the blue although the calm masks some big moves in both directions after a stream of company updates Man Group is setting the pace in the FTSE 100. Funds under management (FUM) at the hedge fund manager rose to $71bn at the end of June from $69.1bn at the end of March as t
Read moreLondon open: Man leads FTSE 100 higher
7th Jul 2011 08:27
Stocks have got off to a decent start as expected, with hedge fund Man Group leading the way in the FTSE 100. Funds under management (FUM) at the hedge fund manager rose to $71bn at the end of June from $69.1bn at the end of March as the group racked up record sales in the quarter of $9.0bn, to pos
Read moreLondon pre-open: Stocks on the front foot
7th Jul 2011 07:45
Taking its lead from Wall Street, which edged higher yesterday despite some indifferent economic data, UK stocks are set to open firmer, with City traders predicting the Footsie will open at around 6,026, up 23 points from last night's close. Funds under management (FUM) at hedge fund manager Man G
Read moreDunelm returns to sales growth
7th Jul 2011 07:31
Out-of-town home furnishings retailer Dunelm moved into like-for-like sales growth in the quarter year to 2 July, saying it is winning share in a struggling market. Total sales grew by 11% from the same period the previous year to £123.8m, or by 1.9% on a like-for-like basis, which only considers t
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