|Bid||4,890.00 x 86800|
|Ask||4,970.00 x 18000|
|Day's range||4,909.00 - 4,954.00|
|52-week range||3,565.00 - 5,355.00|
|PE ratio (TTM)||11.28|
|Dividend & yield||2.04 (4.14%)|
|1y target est||N/A|
British shops enjoyed their biggest jump in sales in more than three years in September, a survey of the retail sector showed, suggesting consumers are finding ways to cope with the squeeze on their incomes. Accountancy firm BDO said on Friday its High Street Sales Tracker found overall like-for-like store sales rose by an annual 2.9 percent, adding to a smaller rise in August. The Bank of England expects consumer demand to pick up.
British retail sales unexpectedly surged in August, official figures showed on Wednesday, boosting the chance that the Bank of England will raise interest rates in November. Last week the BoE said it was ...
Britain's major share index dipped on Wednesday on a potentially debilitating jump in sterling after data showed retail sales unexpectedly surged in August. The FTSE 100 fell 0.2 percent as the pound hit its highest so far for the day against the dollar.
British clothing retailer Next (EUREX: NXTJ.EX - news) said it had managed to cushion the inflationary impact of a weak pound and nudged up its full-year sales and profit forecasts, sending its shares more than 10 percent higher on Thursday. Next, which has been Britain's most successful clothing retailer since the turn of the century, said its prospects appeared less challenging than six months ago after it improved its ranges and website. "We're using analytics and data management to help us understand our customers better and we're able to offer a more specific service for individual customers," Finance Director Amanda James told Reuters.
European shares inched lower in opening deals on Thursday, weighed down by weaker mining stocks, while Munich RE shrugged off a profit warning. The pan-European STOXX 600 index was down 0.1 percent, with ...
Britain's FTSE 100 share index rose 0.3 percent on Tuesday, after gains driven by consumer staples and broker upgrades were bolstered by investors' relief that inflationary pressures eased last month. ...
** Next down 3.5 pct after Berenberg cuts rating to "sell" from "hold" ** We believe Next is burdened by its overspaced store estate, which restricts its ability to invest in areas ...
British shops saw a dip in sales last month, with fashion retailers enduring their worst July for eight years, a survey showed on Friday, adding to evidence consumers are cutting back spending on discretionary items. Britain's economy has slowed as the rise in inflation since last year's Brexit vote and modest pay growth have squeezed consumers' real earnings. The Bank of England cut its growth forecast on Thursday.
UK blue chips rose to a one-week high on Thursday after the Bank of England kept rates on hold, hitting the pound and lifting export-oriented stocks accordingly. The FTSE rose 0.85 percent to 7,474.77 points with big international firms like Diageo (LSE: DGE.L - news) extending gains as sterling weakened following the central bank's decision. The domestically focused midcap index added 0.34 percent.
Upbeat economic news helped push European stock markets higher on Thursday, while sterling hit a nine-month low against the euro after investors concluded the Bank of England was in no hurry to raise interest rates. Equities recovered from early falls to nudge into positive territory, with markets in Italy and France 0.4 percent higher although German stocks dipped. Britain's blue-chip FTSE climbed 0.6 percent to a one-week high, while sterling skidded to a nine-month low at 90.13 pence per euro and pulled back from an 11-month high against the dollar after the BoE left rates at a record low.
Upbeat economic news helped push European stock markets higher on Thursday, while stronger-than-expected data in Britain drove sterling to an 11-month high ahead of a Bank of England monetary policy decision. European equity markets gave up early falls to nudge into positive territory, with stock markets in Italy and France 0.2-0.3 percent higher .
Britain's most successful clothing retailer this century, in terms of profits, has faltered over the last two years due to a broader slowdown in spending on fashion and footwear that it first identified in 2015. “I’m marginally less pessimistic than I was three months ago and it’s encouraging to see some of the improvements coming through on Directory," Chief Executive Simon Wolfson told Reuters, referring to the group's online business. Wolfson said that while he expected price increases to moderate next year, it was much harder to predict when consumers would start spending more on clothes.
Earnings drove the action on Britain's FTSE 100 on Thursday, though strong gains in retailer Next and miner Randgold Resources were not enough to offset weakness in banks, energy stocks and medical technology firm Convatec. The blue-chip index was down 0.2 percent at 7,394.82 points by 0853 GMT, in line with a broader decline among European indexes and ahead of a Bank of England policy meeting which is expected to see interest rates left on hold.
** Next +9.1 pct & tops UK bluechip index after co reports a return to quarterly sales growth ** Q2 full price sales rise 0.7 pct, compared with a consensus fall of 2.8 pct, helped by warm weather and ...
** Marks & Spencer falls 2.3 pct after reporting falling food and clothing sales, despite the company insisting a turnaround was "on track" ** Q1 clothing LfL down 1.2 pct versus a fall of around ...
Clothing retailer Primark returned to underlying sales growth for the first time in 18 months, with low prices and warm weather driving a strong performance in Britain in its latest quarter, owner Associated British Foods said on Thursday. Primark's performance confounds fears that a squeeze in British consumers' spending power could dent demand. AB Foods, which also has major sugar, grocery, agriculture and ingredients businesses, said Primark's better than expected third quarter performance meant the group's outlook for the year to mid-September 2017 had "marginally improved".
Hedge funds have significantly stepped up bets against Britain's traditional high street retailers, as the sector struggles with online competition, worries about a stretched consumer and weakening sales and profits. The risks were on full display on Tuesday when shares in Debenhams slid more than 3 percent to an eight-year low following a weak trading update and a warning on UK sales.