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UBS has downgraded its rating for N Brown, the online and catalogue home shopping group, from 'neutral' to 'sell', raising concerns with competition from some well-known High Street names. The bank said that N Brown has to "continually improve the fashionability of its clothing offer to appeal to a
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LONDON, March 12 (Reuters) - Tesco Chief Executive Philip Clarke only expects to do the job for "a few years" although he does not feel any personal pressure from investors despite the market share of Britain's biggest retailer falling to a decade low. Tesco, the world's third-largest retai
Read moreLondonMetric Property has agreed to buy Marks & Spencer (M&S) Distribution Centre in Sheffield from CBRE Global Investors for 32.2m pounds. The purchase price reflects a net initial yield of 7.6% and will be funded from the UK property group's existing resources. The distribution centre comprises
Read moreThe situation in Crimea does not pose a risk to Britain´s energy security as natural gas is imported from Norway. Also, power providers hedge their supplies 18 months in advance. Hence, there would be no excuse for them to raise prices on consumers. However, Ed Davey also told the BBC that an escala
Read more* Gap Inc to open 35 stores in China this year * Targets price-conscious shoppers with Old Navy brand * Will invest to boost online fans, lags rivals * China No. 1 growth vehicle for Gap - China head By Adam Jourdan SHANGHAI, March 1 (Reuters) - When Gap Inc began an
Read more* Gap Inc to open 35 stores in China this year * Targets price-conscious shoppers with Old Navy brand * Will invest to boost online fans, lags rivals * China No. 1 growth vehicle for Gap - China head By Adam Jourdan SHANGHAI, March 1 (Reuters) - When Gap Inc began an
Read more* CEO wants UK turnaround plan to move faster * CEO effectively abandons UK operating margin target of 5.2 pct * CFO says firm does not want to give "false sense of precision" * Plans to invest additional 200 mln stg on UK price cuts * Tesco shares close up 0.5 pct B
Read moreLONDON, Feb 25 (Reuters) - Britain's Tesco, the world's No. 3 retailer, is to accelerate a turnaround plan for its key home market, stepping-up the pace of large store revamps, growth in online and convenience channels and price cuts. In a statement published ahead of an investor and analys
Read more* Q4 like-for-like sales, ex fuel and VAT, down 0.1 pct * CEO notes huge regional variations in consumer demand * Does not expect situation to change much in 2014 By James Davey LONDON, Feb 20 (Reuters) - Britain's economic recovery is fragile, with huge regional variation
Read moreSports Direct International shot to the top of the risers after group sales in the quarter to January 26th rose 11.2 per cent from the previous year to 655.4m pounds. Gross profit gained 14.6 per cent to 280.7m pounds during the period with growth across all its divisions including Sports Retail, Br
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LONDON (Alliance News) - British retailer Marks & Spencer PLC launched its long-awaited new website platform earlier this week, a move it hopes will help turn around it ailing clothes and general merchandise business and catch it up with rivals who were quicker at taking advantage of soaring onli
Read moreDeutsche Bank has reiterated its 'hold' recommendation for banking giant HSBC ahead of its annual results next Monday, saying that these figures are 'much more important than usual'. The target price for the stock has been reduced slightly from 710p to 700p to reflect recent changes in the dollar-st
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday. ------- FTSE 100 - WINNERS Sports Direct International, up 6.2%. The sports goods retailer said gross profit grew by 14.6% in its fiscal third quarte
Read more- UK jobless rate rises to 7.2 per cent, above estimates - MPC votes unanimously to leave policy unchanged - Ex-div stocks provide a drag on FTSE - Sports Direct jumps after Q3 update techMARK 2,855.22 -0.93% FTSE 100 6,761.33 -0.52% FTSE 250 16,233.58 -0.66% UK markets pulled back from a four-w
Read moreLONDON (Alliance News) - The following UK shares received analyst recommendations Wednesday morning:
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FTSE 100
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GOLDMAN RAISES HAMMERSON PRICE TARGET TO 590 (569) PENCE - 'NEUTRAL'
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SOCGEN RAISES BHP BILLITON PRICE T
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