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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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21 Jan 2020 13:51

UPDATE: Dixons Carphone Misreports Sales Growth After "Clerical Error"

UPDATE: Dixons Carphone Misreports Sales Growth After "Clerical Error"

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21 Jan 2020 11:59

LONDON MARKET MIDDAY: Stocks Slump On Asia Virus; UK Jobs Lifts Pound

LONDON MARKET MIDDAY: Stocks Slump On Asia Virus; UK Jobs Lifts Pound

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21 Jan 2020 10:34

UK WINNERS & LOSERS SUMMARY: Dixons Carphone Rises On Festive Trading

UK WINNERS & LOSERS SUMMARY: Dixons Carphone Rises On Festive Trading

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21 Jan 2020 08:45

LONDON MARKET OPEN: easyJet Climbs After Raising Revenue Guidance

LONDON MARKET OPEN: easyJet Climbs After Raising Revenue Guidance

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21 Jan 2020 08:20

TOP NEWS: Dixons Enjoys Strong Peak Season Despite Weak UK Retailing

TOP NEWS: Dixons Enjoys Strong Peak Season Despite Weak UK Retailing

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21 Jan 2020 08:00

Dixons Carphone reports mixed performance over festive period

(Sharecast News) - Dixons Carphone reported a rise in electricals revenue over the festive period but a drop in mobile sales on Tuesday as it said it was on course to deliver on its full-year expectations.

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17 Jan 2020 16:03

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

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14 Jan 2020 16:01

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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14 Jan 2020 11:59

LONDON MARKET MIDDAY: Caution As US Banks To Kick Off Earnings Season

LONDON MARKET MIDDAY: Caution As US Banks To Kick Off Earnings Season

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14 Jan 2020 11:54

Tuesday broker round-up

(Sharecast News) - DFS: Jefferies downgrades to hold with a target price of 275p.

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14 Jan 2020 10:52

UK WINNERS & LOSERS SUMMARY: Elementis And McBride Down After Warnings

UK WINNERS & LOSERS SUMMARY: Elementis And McBride Down After Warnings

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14 Jan 2020 09:38

UK BROKER RATINGS SUMMARY: Berenberg Downgrades BP And Raises Shell

UK BROKER RATINGS SUMMARY: Berenberg Downgrades BP And Raises Shell

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14 Jan 2020 08:51

LONDON MARKET OPEN: Stocks Mixed; Elementis Falls After Profit Warning

LONDON MARKET OPEN: Stocks Mixed; Elementis Falls After Profit Warning

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9 Jan 2020 16:57

Dixons Carphone Fined GBP500,000 By UK Regulator For Data Breach

Dixons Carphone Fined GBP500,000 By UK Regulator For Data Breach

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2 Jan 2020 16:55

LONDON MARKET CLOSE: London Stocks Start 2020 Strongly But Pound Lags

LONDON MARKET CLOSE: London Stocks Start 2020 Strongly But Pound Lags

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