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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%
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29 Apr 2020 07:50

Dixons scraps divi; Online sales offsetting store closure impact

(Sharecast News) - Electrical retailer Dixons Carphone scrapped its dividend amid the ongoing coronavirus crisis adding that consumer shopping habits had adapted to life under the lockdown.

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8 Apr 2020 14:50

FTSE 250 movers: Hyve Group gains after pulling dividend, founder switches out of Dixons Carphone

(Sharecast News) - London's second-tier index was trading firmly higher on Wednesday afternoon, outperforming peers on the Continent by a wide margin.

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1 Apr 2020 15:01

O2 cuts ties with Carphone Warehouse

(Sharecast News) - UK mobile network O2 said it had ended its partnership with Carphone Warehouse after it failed to agree to a new deal with the retailer.

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30 Mar 2020 12:03

LONDON MARKET MIDDAY: Oil Stocks Outperform As FTSE 100 Edges Lower

LONDON MARKET MIDDAY: Oil Stocks Outperform As FTSE 100 Edges Lower

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30 Mar 2020 11:44

Monday broker round-up

(Sharecast News) - Cineworld Group: JP Morgan downgrades to neutral with a target price of 90p.

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30 Mar 2020 11:08

UK WINNERS & LOSERS SUMMARY: easyJet Falls After Grounding Fleet

UK WINNERS & LOSERS SUMMARY: easyJet Falls After Grounding Fleet

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30 Mar 2020 10:34

RBC Capital downgrades Dixons Carphone

(Sharecast News) - RBC Capital Markets downgraded its stance on shares of Dixons Carphone to 'underperform' from 'sector perform' on Monday, cutting the price target to 75p from 90p.

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30 Mar 2020 09:48

UK BROKER RATINGS SUMMARY: RBC Raises Rentokil But Cuts AB Foods

UK BROKER RATINGS SUMMARY: RBC Raises Rentokil But Cuts AB Foods

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26 Mar 2020 12:14

LONDON MARKET MIDDAY: Stimulus Rally Ends; BoE Takes No Further Action

LONDON MARKET MIDDAY: Stimulus Rally Ends; BoE Takes No Further Action

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26 Mar 2020 09:09

TOP NEWS: Dixons Carphone Gets Online Boost But Profit Still To Suffer

TOP NEWS: Dixons Carphone Gets Online Boost But Profit Still To Suffer

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26 Mar 2020 08:03

LONDON BRIEFING: New Work-From-Homers Boost Dixons Online Sales

LONDON BRIEFING: New Work-From-Homers Boost Dixons Online Sales

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26 Mar 2020 07:45

LONDON MARKET PRE-OPEN: Dixons Gets Sales Boost But To Miss Guidance

LONDON MARKET PRE-OPEN: Dixons Gets Sales Boost But To Miss Guidance

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26 Mar 2020 07:09

Dixons Carphone warns on profit, pulls guidance

(Sharecast News) - Electrical retailer Dixons Carphone warned on profits, pulled on guidance and placed its final dividend on review as the coronavirus pandemic hit trading.

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18 Mar 2020 09:30

UK BROKER RATINGS SUMMARY: Jefferies And Exane BNP Both Raise Reckitt

UK BROKER RATINGS SUMMARY: Jefferies And Exane BNP Both Raise Reckitt

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17 Mar 2020 16:59

LONDON MARKET CLOSE: FTSE 100 Ends Higher In Another Rocky Session

LONDON MARKET CLOSE: FTSE 100 Ends Higher In Another Rocky Session

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