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Markets opened slightly higher on Thursday morning after falling to a two-week low the day before as concerns about the global economy continue to unnerve investors. The FTSE 100 slumped 2.0% on Wednesday after the OECD slashed its global growth estimates and the International Monetary Fund reduced
30 May 13 08:27Kingfisher reported a 0.4 per cent fall in first quarter sales to 2.6bn pounds as a result of weak consumer confidence and unseasonably cold weather in March and early April. The home improvement retailer's sales in France dropped by 3.8% to £1.08m, reflecting fewer trading days compared to the fir
30 May 13 07:42LONDON, May 30 (Reuters) - Kingfisher, Europe's largest DIY retailer, posted a near-30 percent drop in first quarter profit as weak demand and poor weather continued to hit trade in its key markets. The group, which runs B&Q and Screwfix in the UK and Castorama and Brico Depot in France, on
30 May 13 06:46LONDON, May 30 (Reuters) - Kingfisher, Europe's largest DIY retailer, posted a near-30 percent drop in first quarter profit as weak demand and poor weather continued to hit trade in its key markets. The group, which runs B&Q and Screwfix in the UK and Castorama and Brico Depot in France and
30 May 13 06:15The recent bullish mood on equity markets quickly faded on Thursday as mixed messages from the Federal Reserve and a slowdown in China sparked a heavy sell-off on the FTSE 100, which lost more than two per cent of its value. Answering questions in Congress last night was Fed Chairman Ben Bernanke w
23 May 13 16:20Markets tumbled by around two per cent on Thursday morning as investors chose to take profits in the aftermath of comments from the head of the US Federal Reserve and a disappointing reading of manufacturing activity in China. The FTSE 100 had surged to a fresh 13-year high high of 6,840 the day be
23 May 13 11:32The recent rally in Kingfisher's share price was paused on Thursday morning after Nomura downgraded its rating on the stock from 'neutral' to 'reduce', saying that shares in the B&Q owner have travelled too far given the tough times ahead. Nomura stands 6.0% below consensus with its profit before t
23 May 13 10:51The recent rally in Kingfisher's share price was paused on Thursday morning after Nomura downgraded its rating on the stock from 'neutral' to 'reduce', saying that shares in the B&Q owner have travelled too far given the tough times ahead. By Wednesday's closing price, the DIY retail stock had gain
23 May 13 09:12Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation. ARM Holdings: Exane downgrades to neutral with a target price of 1000p. Aveva: Panmure Gordon raises target price from 1900p to 2076p and retains a hold recommendation. Canaccord Genuity increases target p
23 May 13 08:35Worries about the Federal Reserve 'tapering' quantitative easing (QE) prematurely spooked markets on Thursday morning, along with a disappointing reading of manufacturing activity in China. The FTSE 100 had surged to a fresh 13-year high high of 6,840 the day before, its second-highest close in his
23 May 13 08:31Barratt Developments: Deutsche Bank lowers target price from 336p to 327p, while leaving its buy recommendation unaltered. BG Group: Credit Suisse raises target price from 1150p to 1190p keeping a neutral rating. BT Group: Berenberg takes target price from 280p to 375p and retains a buy recommenda
16 May 13 07:43* Bank may have to seek government funding * Co-op acknowledges need to bolster finances * Barry Tootell steps down as CEO of Co-op Bank * Rod Bulmer temporary replacement By Matt Scuffham LONDON, May 10 (Reuters) - The head of the Co-operative Bank stepped down on
10 May 13 09:23Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight. Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged. Investec ups target price from 138p to 160p and upgrades from hold to buy. Betfair Group: Numis
7 May 13 07:18LONDON, May 6 (Reuters) - The following FTSE 100 companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-m
6 May 13 09:09Shares in pharmaceuticals giant GlaxoSmithKline gained after the the US FDA approved Breo Ellipta, the company's treatment for chronic obstructive pulmonary disease (COPD). "This positive recommendation is a crucial first step towards making Breo Ellipta available for appropriate COPD patients acros
18 Apr 13 14:59
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