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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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17 Mar 2020 12:04

LONDON MARKET MIDDAY: Stocks Falter With Compass Dragging On FTSE 100

LONDON MARKET MIDDAY: Stocks Falter With Compass Dragging On FTSE 100

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17 Mar 2020 10:39

UK WINNERS & LOSERS SUMMARY: Dixons Carphone Rises On Turnaround Steps

UK WINNERS & LOSERS SUMMARY: Dixons Carphone Rises On Turnaround Steps

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17 Mar 2020 10:16

TOP NEWS: Dixons To Close All Standalone Mobile Phone Stores In UK

TOP NEWS: Dixons To Close All Standalone Mobile Phone Stores In UK

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17 Mar 2020 08:45

LONDON MARKET OPEN: Stocks Stage Mild Rebound; Compass Sinks

LONDON MARKET OPEN: Stocks Stage Mild Rebound; Compass Sinks

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17 Mar 2020 08:06

LONDON BRIEFING: Dixons Carphone To Close 531 Mobile Phone Shops In UK

LONDON BRIEFING: Dixons Carphone To Close 531 Mobile Phone Shops In UK

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17 Mar 2020 07:47

LONDON MARKET PRE-OPEN: Compass Expects Virus Hit; Dixons Closes Shops

LONDON MARKET PRE-OPEN: Compass Expects Virus Hit; Dixons Closes Shops

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17 Mar 2020 07:44

Dixons Carphone to close standalone stores; 2,900 jobs to go

(Sharecast News) - Dixons Carphone said on Tuesday that it will close its 531 standalone Carphone Warehouse stores in the UK as it focuses on selling mobile devices and connectivity through Currys PCWorld stores and online.

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6 Mar 2020 09:49

UK BROKER RATINGS SUMMARY: UBS Lifts Rightmove And RELX To Neutral

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4 Mar 2020 11:10

Clearpay Investment Gain Drives ThinkSmart's Interim Profit Swing

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2 Mar 2020 13:33

Monday broker round-up

(Sharecast News) - Burberry Group: Bank of America upgrades to buy with a target price of 1,800p.

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2 Mar 2020 09:48

UK BROKER RATINGS SUMMARY: BoFA Upgrades Burberry And Rolls-Royce

UK BROKER RATINGS SUMMARY: BoFA Upgrades Burberry And Rolls-Royce

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20 Feb 2020 10:45

Dixons Carphone Cuts Incentive Awards As Shareholders Voice Concerns

Dixons Carphone Cuts Incentive Awards As Shareholders Voice Concerns

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5 Feb 2020 14:34

M&S Names Former Dixons UK Boss Bickerstaffe As Strategy Chief

M&S Names Former Dixons UK Boss Bickerstaffe As Strategy Chief

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22 Jan 2020 09:21

UK BROKER RATINGS SUMMARY: Berenberg Downgrades Unilever To Hold

UK BROKER RATINGS SUMMARY: Berenberg Downgrades Unilever To Hold

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21 Jan 2020 16:59

LONDON MARKET CLOSE: Asia Virus Spread, Higher Pound Send FTSE Lower

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