Week Ahead: AB Foods, Supergroup, Wetherspoon ...
7th Sep 2012 10:04
There is a food theme to the corporate diary at the start of next week, while retailers will also be in fashion. On Friday, the week ends, as all working weeks should, with a visit to the pub. Associated British Foods reports on Monday, and although its Primark stores will garner their usual quota
Read moreASOS Product Director sells stake in firm
16th Jul 2012 15:52
Robert Bready, the Product Director of online fashion store ASOS, has sold all his ordinary shares in the firm, less than a week after the company unveiled a strong first quarter. Bready, who begun his career at the High Street fashion River Island, pocketed himself £2.6m after trading in 143,125 s
Read moreThursday broker round-up
12th Jul 2012 08:41
African Minerals: Credit Suisse cuts target from 800p to 740p, outperform rating kept. Anglo American: Credit Suisse cuts target from 2,900p to 2,500p, neutral rating unchanged. Antofagasta: Credit Suisse cuts target from 1,300p to 1,150p, neutral rating kept. Aquarius Platinum: Credit Suisse cut
Read moreLondon close: Footsie flat ahead of FOMC minutes, Glencore up
11th Jul 2012 17:06
- Investors await FOMC minutes - BarCap cuts US growth estimates - Burberry disappoints; 'Glenstrata' in demand - Some say Glencore could benefit from rising grain prices The Footsie had pared early losses to trade broadly flat by the close as markets remained cautious ahead of the release of minu
Read moreFTSE 250 movers: Britvic dives after recall cost soars
11th Jul 2012 15:11
Soft drinks group Britvic plummeted after saying the recall of its Robinsons Fruit Shoot and Fruit Shoot Hydro drinks could cost the company up to 25m pounds. Added to this, poor weather conditions and weak consumer sentiment means the group now expects to deliver a full-year results at the bottom e
Read moreLondon midday: Footsie pares losses but still in the red
11th Jul 2012 11:33
- Burberry leads stocks lower after Q1 update - Johnson Matthey, Lloyds, Centrica, SSE fall after broker downgrades - FOMC minutes due out later The FTSE 100 had pared some of its earlier losses but was still trading firmly in the red by Wednesday lunchtime with a disappointing trading update from
Read moreLondon open: Burberry leads stocks lower
11th Jul 2012 08:46
- Burberry sinks after Q1 results - Sentiment dampened by US earnings - FOMC minutes eyes London's benchmark index sank in early trading on Wednesday, tracking losses in US and Asian markets overnight, with Burberry providing a drag after missing sales forecasts in its first quarter. "A series of
Read moreQueen helps get them in at JD Wetherspoon
11th Jul 2012 08:12
Pub chain JD Wetherspoon said it had been boosted by strong trading around the fortnight of the Jubilee celebrations and during the Euro 2012 championships. The firm said the events had helped push up like-for-like sales by 6.1%, and total sales by 11.9% in the 11 weeks to 8 July 2012. In the year
Read moreWednesday broker round-up
11th Jul 2012 08:10
ASOS: HSBC downgrades to neutral, target lifted from 1,780p to 1,950p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Aviva: Morgan Stanley upgrades to overweight. Balfour Beatty: UBS downgrades to neutral, target cut from 340p to 310p. BTG: Jefferies downgrades from buy
Read moreWednesday preview: Hays, Wetherspoon, Burberry
10th Jul 2012 17:04
Recent updates from sector peers Michael Page and Robert Walters have not given any reason for shareholders to be overly optimistic about recruiter Hays's trading update on Wednesday. Michael Page said the first half of the year had been tough and it expected more of the same in the second half, wh
Read moreJD Wetherspoon founder gets some more in
18th May 2012 15:37
Tim Martin, non-executive chairman of JD Wetherspoon, the pub group, has bumped up his stake in the company. In one hell-of-a-large round, he bought around £2.5m-worth of shares in the popular pub chain. Martin, who founded the business in 1979 and took on the role of chairman four years later, b
Read moreThursday tips round-up: JD Wetherspoon, Spirent Communications
3rd May 2012 07:24
In the Times, Tempus weighs up whether to take a swig of pub chain JD Wetherspoon. It's going toe to toe with heavily indebted rivals so its well capitalised balance sheet is an asset but the city is worried about margins. The founder and 25% owner of the firm, Tim Martin, has decided to curb aggr
Read moreWednesday broker round-up - UPDATE
2nd May 2012 08:37
BP: Jefferies cuts target from 550p to 525p, buy rating kept. British Sky Broadcasting: Jefferies reiterates hold rating and 700p target; Nomura maintains buy rating and 1,000p target. CSR: UBS upgrades from neutral to buy, target lifted from 290p to 310p. Halma: Barclays Capital downgrades from
Read moreWetherspoon LFL sales up a couple of points
2nd May 2012 07:42
Pubs group JD Wetherspoon has got off to a better start to the calendar year than many expected, but that has not made it any more optimistic about prospects for the full year. For the 13 weeks to April 22nd, like-for-like (LFL) sales increased by 2.0%, confounding expectations in some quarters of
Read moreWednesday preview: Next, Wetherspoon, Playtech ...
1st May 2012 19:17
Fashion chain Next is going up against very strong comparative figures when it releases first quarter sales figures on Wednesday. "On a macro level, two out of three of the months to be reported have been weak (February and April) according to published data and information gleaned from private com
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