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Sector movers: Retail stocks boosted strong sales at John Lewis

Fri, 10th Jan 2014 15:35

General retail stocks were on shopping lists on Friday after strong results from High Street bellwether John Lewis and data showing a surge in online retail sales during December.According to the British Retail Consortium (BRC), overall retail sales rose at a year-on-year rate of 0.4% last month, down from 0.6% growth in November and lower than the 0.8% gain expected by analysts. However, the survey did find that online sales of non-food products surged by 19.2% compared with last year - the fastest rate of growth in four years.Online fashion retailers ASOS and N Brown were among the best performers in the retail sector today.Reports of a 23.6% jump in New Year same-store sales at John Lewis lifted sentiment in the industry today, following on from a record Christmas for the department store chain.Debenhams, which shocked the market with a profit warning last week, was a high riser in London today, up nearly 7%. Next, meanwhile, was benefitting from a ratings upgrade by Santander.JD Sports Fashion edged higher after saying it is on track to deliver annual profit in line with market expectations following a strong Christmas trading period. Like-for-like sales for the group's core Fascia stores in the 48 weeks to January 4th 2014 were said to be "marginally ahead" of the previous year. Sportswear retail rival Sports Direct was also in demand today.Bonmarche, the ladies fashion retailer which listed in London just two months ago, continued its steady rise after analysts at Investec initiated coverage on the stock with a 'buy' rating. The shares, up over 3% today, have now risen by 18% since the first day of dealings on November 20th.The broker said that the stock's valuation is "undemanding" given the company's "superior growth rate" and "multiple profit drivers".Top performing sectors so far todayPersonal Goods 24,298.13 +2.89%Industrial Transportation 3,273.53 +2.57%Forestry & Paper 10,803.67 +2.29%General Retailers 2,806.36 +1.82%Automobiles & Parts 8,982.85 +1.75%Bottom performing sectors so far todayTechnology Hardware & Equipment 1,150.80 -1.64%Food & Drug Retailers 4,255.97 -0.38%Tobacco 34,769.05 -0.28%Industrial Metals & Mining 1,295.97 -0.19%BC
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28 Nov 2019 11:41

Peacocks named as preferred bidder for stricken Bonmarché

(Sharecast News) - Philip Day's fast-fashion chain Peacocks has been named preferred bidder for collapsed womenswear retailer Bonmarché, as the administrator flagged 30 stores that are to close before Christmas.

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5 Aug 2019 18:34

Bonmarche Shares Will Be Cancelled Next Week Following Spectre Buy

(Alliance News) - Bonmarche Holdings PLC on Monday said its shares will be cancelled in London next week following its acquisition by Philip Day's Spectre Holdings Ltd.Shares in a are -

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10 Jul 2019 13:47

Artemis Investment Drops Bonmarche Stake; Spectre Bid Likely Succeeds

(Alliance News) - Bonmarche Holdings PLC on Wednesday said Artemis Investment Management LLP has dropped its entire 12% stake in the company.Shares in Bonmarche were down 5.8% at 11.07 on a

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1 Jul 2019 18:20

UPDATE: Bonmarche CEO, CFO And Non-Executive Sell Shares To Spectre

(Alliance News) - Bonmarche Holdings PLC on Monday said several directors have accepted a mandatory unconditional cash offer by Spectre Holdings Ltd and disposed of their shareholdings in the in a

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1 Jul 2019 14:16

Spectre Holds 66% Stake In Abandoned Acquisition Target Bonmarche

(Alliance News) - Bonmarche Holdings PLC on Monday said Spectre Holdings Ltd held a 66% stake in the company on Friday last week.Shares in clothing retailer Bonmarche were down 3.4% at in a

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26 Jun 2019 12:03

LONDON MARKET MIDDAY: Stocks Nudge Up Despite Fed Remarks, Gold Slide

(Alliance News) - London stocks crawled into the green at midday on Wednesday, managing to overcome a sharp fall for gold in the wake of less dovish than expected comments from the US Federal FTSE

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26 Jun 2019 10:48

WINNERS & LOSERS SUMMARY: John Wood Sees Interim Earnings Rising

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - down 2.3%. The Mexican gold miner was down as the

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26 Jun 2019 08:50

Bonmarche makes U-turn on Philip Day bid after 'poor' Q1 trading

(Sharecast News) - Bonmarche shares tanked on Wednesday after the womenswear retailer made a U-turn on its previous rejection of a bid from Philip Day's Spectre Holdings, following "poor" first-quarter trading.

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26 Jun 2019 08:46

LONDON MARKET OPEN: Mood Muted While Fresnillo Dips As Gold Pulls Back

(Alliance News) - US-Iran tensions, the upcoming G20 summit, and signs the US Federal Reserve is not planning a sharp rate cut in the near future damped risk appetite among equity investors on the

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26 Jun 2019 07:49

TOP NEWS: Bonmarche Changes Mind And Recommends Spectre Takeover Bid

(Alliance News) - Womenswear retailer Bonmarche Holdings PLC said on Wednesday it still believes Spectre's takeover offer undervalues the business, but now recommends shareholders accept the -

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26 Jun 2019 07:46

LONDON MARKET PRE-OPEN: BCA Marketplace And Bonmarche Recommend Bids

(Alliance News) - Stock prices in London are set for a lower open on Wednesday as traders remain jittery ahead of the G20 summit later this week, which will include a meeting of the US and Chinese

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17 May 2019 17:15

Bonmarche Recommends Shareholders Take No Action On Spectre Offer

LONDON (Alliance News) - Bonmarche Holdings PLC on Friday urged shareholders to take no action regarding the takeover offer for the company received by Spectre Holdings Ltd.In April, the a

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16 May 2019 17:26

Spectre Keeps GBP6 Million Offer Open Following Bonmarche Response

LONDON (Alliance News) - Spectre Holdings Ltd on Thursday said it has reviewed the circular sent by Bonmarche Holdings PLC on Tuesday last week, saying it will keep its offer open to shareholders

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12 Apr 2019 10:03

Bonmarche Feels Spectre's Mandatory Offer Undervalues Prospects

LONDON (Alliance News) - Women's fashion retailer Bonmarche Holdings PLC on Friday said the mandatory offer by Spectre Holdings, owned by Philip Day, "materially" undervalues the and

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12 Apr 2019 08:48

Bonmarche rejects billionaire Philip Day's £5.7m takeover bid

(Sharecast News) - Bonmarche has rejected a £5.7m takeover bid from retail billionaire Philip Day earlier this month.

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