FTSE dwindles as defensive stocks drop ahead of Fed and euro news September 10, 2012 BRITISH blue chip shares dipped yesterday as weakness in defensive stocks outweighed strength in risk-sensitive cyclicals, such as miners, and investors positioned for more newsflow out of Europe and the United States. The FTSE 100 closed down 1.60 points, or 0.03 per cent, at 5,793.20, with the index yo-yoing in a tight range around the [...]
FTSE pegged back by miners July 9, 2012 The FTSE 100 edged down in early trading today as disappointing jobs data out of the US on Friday continued to cast a shadow over global markets. The 80,000 increase in payrolls in June was slightly below market expectations for an increase of about 90,000 and was not enough to reduce the unemployment rate, which [...]
Banks and miners lead FTSE lower June 8, 2012 Miners and banks led the FTSE down in early trading as investors shunned riskier assets and ran for cover as global economic growth stutters. The fall tracked losses on Wall Street yesterday and Asia overnight despite an initial boost after China cut its interest rates in an attempt to accelerate its growth. But US Federal [...]
Troubling times for retailers to the squeezed middle April 29, 2012 SPARE a thought for the squeezed middle. No, not the ordinary family as defined by Ed Miliband, but the places they shop and the things they buy. The mid-market consumer firm is finding the going very tough indeed. There has been much written about Tesco’s troubles in recent months, punctuated by a series of ignominious [...]
ANALYST VIEWS: WHAT’S THE OUTLOOK FOR AB FOODS? February 27, 2012 DARREN SHIRLEY | SHORE CAP We do not anticipate any material changes to group forecasts post today’s update, though given the breadth of ABF’s operations we would not be surprised if we tweak divisional forecasts post speaking to management. We commenced 2012 with ABF our preferred stock of the FTSE 100 food producers … we [...]
AB Foods says Primark margin dented by sales September 12, 2011 AB Foods said yesterday that margins were being squeezed at its Primark stores as prices were slashed in the tough consumer climate. The company said it is having to cut prices and launch early sales to keep tills ringing, in an update before the end of its trading year on 17 September. AB Foods, which [...]
FTSE in modest rise as investors eye Fed April 24, 2012 The FTSE 100 saw a modest rally this morning led by banking and commodity stocks as investors looked for signs that the Federal Reserve will inject more liquidity into markets. London’s blue chip index was dented yesterday by uncertainty over who will be the next president of France, the collapse of the Dutch government and [...]
AB Foods boosted by sales at Primark July 14, 2011 ASSOCIATED British Foods said yesterday said it was on track to meet its full-year earnings targets as its budget clothing chain Primark helped to shore up its profit. AB Foods, whose brands include Silver Spoon sugar, Mazola vegetable oil, Ovaltine drinks and Twinings tea, cut its full-year earnings forecast to a flat out-turn in April. [...]
AB Foods boosted by sales at Primark July 14, 2011 ASSOCIATED British Foods said yesterday said it was on track to meet its full-year earnings targets as its budget clothing chain Primark helped to shore up its profit. AB Foods, whose brands include Silver Spoon sugar, Mazola vegetable oil, Ovaltine drinks and Twinings tea, cut its full-year earnings forecast to a flat out-turn in April. [...]
Primark shores up ABF earnings July 14, 2011 Associated British Foods remains on track to deliver flat earnings this financial year as rising sales at its Primark discount clothing chain offset pressure on profit margins from higher cotton prices. The food and retail group, which markets Silver Spoon sugar, Mazola vegetable oil, Ovaltine drinks and Twining tea, said on Thursday sales from continuing [...]