Next was leading the risers today, buoyed by a report from the British Retail Consortium, which said despite overall poor sales clothing retailers had performed well in November, as well as Oriel Securities, which upped its rating on the stock to 'buy' from 'hold'. It said of the group: "The Directory is set to generate more than half of brand earnings before interest and tax this year, driven by operational improvements and strong sales growth. We believe UK cash and credit [Tue 14:14]
Life insurance and giant Prudential was a high riser on Friday after Asian peer AIA reported record quarterly results with new business up 26 per cent. "The insurance sector was also helped by reports that an EU capital requirement could be eased compared to the initial version sought by regulators," said Financial Sales Trader Max Cohen from Spreadex. [18 Oct '13]
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