FTSE shares rebound but debt worries still dog bank stocks April 19, 2011 STRENGTH in oversold commodity issues fuelled a modest rally by Britain’s top share index yesterday, while sovereign debt worries continued to dog banking stocks. At the close, the FTSE 100 index was up 26.79 points, or 0.5 per cent at 5,896.87, having dropped 2 per cent on Monday to hit its lowest level since March [...]
Caution ahead of US results pulls FTSE 100 to a flat close April 11, 2011 BRITAIN’S top share index closed flat yesterday, with caution from traders wary of turbulence during the US earnings season offset by strength in the banking sector following the ICB report on the future shape of UK banking. The FTSE 100 closed down 2.31 points, or 0.04 per cent, at 6,053.44 after trading in positive territory [...]
Men ditch high street for fashion on the web March 27, 2011 MENSWEAR online has always been seen as second fiddle to women’s wear,” says Jeremy Langmead, newly anointed editor-in-chief at Mr. Porter, Net-a-Porter’s new online men’s fashion mecca. “You always had to find menswear by scrabbling around for the button hidden away at the top left or right hand corner of a women’s wear website. There [...]
Revenue gain for Burberry July 13, 2010 BURBERRY yesterday reported a 24 per cent rise in first-quarter underlying revenue. The luxury retailer took £282m, excluding a restructuring at its Spanish arm, in the three months ended June, led by growth in Asia and the rest of Europe. Sales at the group’s retail outlets rose an underlying 16 per cent, including a 10 [...]
TOP RISERS AND FALLERS January 12, 2011 Miners and banks drove the FTSE up to 6,051 yesterday as a successful debt issue in Portugal reassured investors. Vedanta and Eurasian Natural Resources both benefitted from analyst upgrades by Deutsche Bank. A referendum in Kazakhstan on the president’s rule also helped. National Grid, GKN and J Sainsbury all dropped back. Eurasian Natural Resources – [...]
TOP RISERS AND FALLERS January 12, 2011 Miners and banks drove the FTSE up to 6,051 yesterday as a successful debt issue in Portugal reassured investors. Vedanta and Eurasian Natural Resources both benefitted from analyst upgrades by Deutsche Bank. A referendum in Kazakhstan on the president’s rule also helped. National Grid, GKN and J Sainsbury all dropped back. Eurasian Natural Resources – [...]
FTSE rally continues despite earnings woes for retailers March 30, 2011 THE FTSE 100 closed higher for a sixth consecutive session yesterday, its best run since August 2010, as investors ditched retailers over earnings worries in favour of growth sectors such as industrials and mining. Dixons issued a profit warning and gloomy outlook as a survey from the CBI showed the underlying trend for retail sales [...]
FTSE rally continues despite earnings woes for retailers March 30, 2011 THE FTSE 100 closed higher for a sixth consecutive session yesterday, its best run since August 2010, as investors ditched retailers over earnings worries in favour of growth sectors such as industrials and mining. Dixons issued a profit warning and gloomy outlook as a survey from the CBI showed the underlying trend for retail sales [...]
Bullish brokers boost banks as energy and mining stocks sag March 28, 2011 BULLISH broker comment helped push the banking sector higher yesterday, as Britain’s top share index neared key technical resistance levels after its recent rally, with commodity stocks weighing on the upside. The FTSE 100 closed 3.73 points, or 0.1 per cent, higher at 5,904.49, near its 50-day moving average of 5,933.83. The index has traded [...]
Bullish brokers boost banks as energy and mining stocks sag March 28, 2011 BULLISH broker comment helped push the banking sector higher yesterday, as Britain’s top share index neared key technical resistance levels after its recent rally, with commodity stocks weighing on the upside. The FTSE 100 closed 3.73 points, or 0.1 per cent, higher at 5,904.49, near its 50-day moving average of 5,933.83. The index has traded [...]