** British retailer Marks and Spencer Group falls 3.3%, one of the top FTSE 100 losers, after Investec downgrades to "hold" from "buy" ahead of Q1 trading update on July 7 ** Investec rated at five stars for recommendation accuracy on M&S, per StarMine ** Broker cites uncertainty over
Read more(Adds quotes from H&M spokeswoman, figure on Italy import from Bangladesh, updates death toll of foreigners) By Ruma Paul and Promit Mukherjee DHAKA/MUMBAI, July 3 (Reuters) - Some leaders of Bangladesh's $26 billion garment industry expect Western fashion retailers to review their ti
Read moreBy Ruma Paul and Promit Mukherjee DHAKA/MUMBAI, July 2 (Reuters) - Some leaders of Bangladesh's $26 billion garment industry expect Western fashion retailers to review their ties with the world's second-largest garment exporter after Islamist militants killed 20 foreigners in an attack on a
Read more(ShareCast News) - Goldman Sachs cuts its target prices on General Retailers in the UK on expectations for lower non-food retail spending in 2017, to reflect movements in foreign exchange rates and on the basis of a now higher estimated UK equity risk premium. Combined, those three factors drove an
Read more* M&S, Next, Sports Direct see record intra-day falls * Supermarkets also hammered * Hurt by sterling weakness, prospect of economic slowdown By James Davey LONDON, June 24 (Reuters) - Shares in British retailers were hammered on Friday as the country's decision to quit th
Read more(Adds further details from companies) By Ben Hirschler and Martinne Geller LONDON, June 24 (Reuters) - Chief executives from Tokyo to Denver prepared for long-term disruption, job cuts and lower profits on Friday after Britain's vote to leave the European Union raised widespread fears
Read more(ShareCast News) - Numis sounded an optimistic note on Sophos Group ahead of the company's Capital Markets Day, pointing to the firm's strong products, a substantial market opportunity and the attractive cash flow yield on offer to back up its arguments. Against that backdrop, it believed the IT sec
Read more(ShareCast News) - Analysts at Credit Suisse slashed their target prices for Marks&Spencer and Next stock on the back of expectations for lowering economic growth in the UK and weakness in sterling. The Swiss broker said that following the referendum result it now expected British GDP to shrink by 1
Read more* Q3 like-for-like sales down 1.6 pct * Says trading conditions challenging and uncertain * Still expects pretax profit in analysts' range * Shares down 5 pct (Adds CEO comments, analyst reaction, shares) By Paul Sandle LONDON, June 22 (Reuters) - Debenhams said Br
Read more(ShareCast News) - MPs are calling for National Grid, the company that runs Britain's electricity system, to be broken up in a radical move they say could transform the UK's energy supply. Members of the cross-party energy select committee have said they believe that National Grid, which is one of B
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