The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDC..L Share News (DC.)

  • There is currently no data for DC.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sector movers: Domestic focused shares pace gains

Thu, 03rd Nov 2016 15:21

(ShareCast News) - Domestic-focused shares paced gains after the High Court ruled that Parliament must approve the Article 50 process.The news set off an immediate bounce in cable, which was 1.07% higher to 1.2434 as of 1540 which fed through into sectors such as general retailers and REITs.Yet there were also company and sector-specific news-flow to take into account.Analysts Geoff Ruddell and Amy Curry at Morgan Stanley upgraded their recommendation on shares of Dixons Carphone from 'underweight' to 'equal-weight' following the de-rating in the stock price to what it considers "much more appropriate levels".Nevertheless, they admitted that the reason for the same had been Brexit and not the longer-term structural pressures on its mobile business which it had envisaged.In parallel, Berenberg nudged its target for shares of Just Eat from 600p to 620p.Life insurers were also higher, bouncing alongside yields on longer-dated Gilts.Investors in Tate&Lyle were rewarded after the company released better-than-expected first-half profits before tax of £140.0m (consensus: £131.0m).In reported terms, PBT was up by an even bigger 37% thanks to an FX tailwind.To take note of, in relation to steel-maker Evraz, market commentary highlighted a report from Goldman Sachs linking recent strength in iron ore prices to the weak Chinese yuan.Miners were lower amid widespread price weakness in the metals space, with three-month copper futures flat on the LME at $4,920.00 per metric tonne as of 1610, while similarly-dated zinc was the worst performer, losing 1.6% to $2,426 a metric tonne.Profit-taking among precious metals also weighed on the PGM miners, with Centamin being a notable exception after Egypt shifted towards a more flexible exchange rate regime.Top performing sectors so far todayGeneral Retailers 2,584.64 +2.27%Real Estate Investment Trusts 2,786.13 +2.06%Real Estate Investment & Services 2,384.84 +1.79%Life Insurance 6,898.70 +1.22%Food Producers & Processors 7,893.36 +1.04%Bottom performing sectors so far todayIndustrial Metals & Mining 1,906.71 -5.10%Chemicals 12,246.37 -2.26%Beverages 16,504.71 -2.25%Technology Hardware & Equipment 915.19 -2.06%Mining 13,686.15 -1.67%
More News
23 Jun 2021 13:04

Wednesday broker round-up

(Sharecast News) - Hunting: JP Morgan upgrades overweight with a target price of 290p.

Read more
21 Jun 2021 09:34

BROKER RATINGS: UBS cuts Rio Tinto to Sell; Morgan Stanley ups Ocado

BROKER RATINGS: UBS cuts Rio Tinto to Sell; Morgan Stanley ups Ocado

Read more
14 Jun 2021 15:13

EXECUTIVE CHANGES: Gresham House Strategic chair departs immediately

EXECUTIVE CHANGES: Gresham House Strategic chair departs immediately

Read more
10 Jun 2021 16:31

EXECUTIVE CHANGES: Gresham House and Gresham House Strategic make up

EXECUTIVE CHANGES: Gresham House and Gresham House Strategic make up

Read more
10 Jun 2021 09:05

TOP NEWS: UK CMA serves enforcement order on National Grid acquisition

TOP NEWS: UK CMA serves enforcement order on National Grid acquisition

Read more
10 Jun 2021 08:18

LONDON BRIEFING: Altice doesn't plan BT takeover after 12% stake buy

LONDON BRIEFING: Altice doesn't plan BT takeover after 12% stake buy

Read more
13 May 2021 10:46

Dixons Carphone to become Currys in move to single brand

(Sharecast News) - Dixons Carphone said it would change its name to Currys and replace all its brands with the Currys label to trade under a single identity.

Read more
13 May 2021 10:36

TOP NEWS: Dixons Carphone to become Currys as retailer plots rebrand

TOP NEWS: Dixons Carphone to become Currys as retailer plots rebrand

Read more
29 Apr 2021 09:41

BROKER RATINGS: UBS raises Pearson and Barclays downgrades Dixons

BROKER RATINGS: UBS raises Pearson and Barclays downgrades Dixons

Read more
29 Apr 2021 08:17

LONDON BRIEFING: Shell nears debt target to trigger higher payouts

LONDON BRIEFING: Shell nears debt target to trigger higher payouts

Read more
28 Apr 2021 09:35

TOP NEWS: Dixons Carphone travel arm on chopping block; group sales up

TOP NEWS: Dixons Carphone travel arm on chopping block; group sales up

Read more
28 Apr 2021 07:55

LONDON MARKET PRE-OPEN: Covid costs hit Sainsbury; Lloyds profit jumps

LONDON MARKET PRE-OPEN: Covid costs hit Sainsbury; Lloyds profit jumps

Read more
28 Apr 2021 07:33

Dixons Carphone to repay furlough money as online sales soar

(Sharecast News) - British retailer Dixons Carphone said it was repaying £73m in government furlough money after online sales of electrical goods more than doubled in the year to April 25 offsetting the impact of store closures during the Covid lockdowns.

Read more
21 Apr 2021 15:11

Carphone Warehouse closes all Irish stores, to lose almost 500 jobs

Carphone Warehouse closes all Irish stores, to lose almost 500 jobs

Read more
16 Apr 2021 13:17

Friday broker round-up

(Sharecast News) - Dixons Carphone: RBC Capital Markets downgrades to sector perform with a target price of 150p.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.