Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMothercare Share News (MTC)

Share Price Information for Mothercare (MTC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.40
Bid: 4.40
Ask: 5.00
Change: 0.05 (1.08%)
Spread: 0.60 (13.636%)
Open: 4.42
High: 4.42
Low: 4.40
Prev. Close: 4.65
MTC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LIVE MARKETS-Opening snapshot: Travel stocks bruised, STMicro and Novozymes fly

Thu, 23rd Jan 2020 08:28

* European shares open 0.3% lower

* Travel stocks top sectoral decliners

* STMicro and Novozymes at multi-yr highs after estimate-beating results

* ECB rate decision later today
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters
stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share
your thoughts on market moves: thyagaraju.adinarayan.thomsonreuters.com@reuters.net

OPENING SNAPSHOT: TRAVEL STOCKS BRUISED, STMICRO AND NOVOZYMES FLY (0828 GMT)

European stocks on the backfoot as expected and all broad-based moves point to risk-off mood
among investors as China virus scare hits travel stocks and a potential auto tariff dents cars.

In single stocks, Hochtief and its majority owner ACS drop sharply after
Aussie unit CIMIC Group expects to take a one-off charge of $1.23 billion from its
Middle East exit.

In earnings, Novozymes, ASOS and STMicro stocks are flying
after their estimate-beating results.

Airlines and hotels are under pressure with IHG and Air France at the
bottom of the STOXX travel & leisure index.

Banks and insurance stocks are top sectoral performers (although just barely in black) ahead
of the ECB interest rate meeting later today.

(Thyagaraju Adinarayan)

*****

ON OUR RADAR: TRAVEL STOCKS, ASOS, STMICRO (0753 GMT)

Rapid spread of a new flu-like virus in China is sending a chill down Europe with stock
futures pointing to a 0.4% decline, a day after Germany's DAX and the pan-European
STOXX 600 briefly touched record highs.

Investors are also cautious ahead of ECB's rate decision later today.

Among sectors, auto stocks are likely to continue to crumble under pressure as
Trump's latest tariff threat adds onto to worries of falling sales and shrinking margins.

Airlines, hotels and luxury sectors are on our radar as tourism will take a hit due to virus
scare in China, just as millions were preparing to travel for the Lunar New Year.

UK's IHG says will allow customers to change or cancel stays scheduled up to Feb. 3
across mainland China, Hong Kong, Macau and Taiwan at no additional cost.

It's earnings Thursday here and some decent beats could come to rescue the downbeat
sentiment in markets. European chip stocks are in focus after STMicro's fourth
quarter earnings beat. Traders see STMicro shares to open flat to 3% higher.

ASOS sales raced past estimates (+20% vs. consensus of +15%) in latest evidence
that online retailers have had a great Christmas at the cost of high street players. ASOS is
seen rising 5% to 7% -- a positive read across for Boohoo and Zalando.

Other significant moves: Germany's Hochtief seen 5% down on 800 million euro
on-time charge; Lufthansa seen +2% after report on potential listing of stake in its
jet-maintenance unit; Mothercare seen down 5%, trader says positive tones around the
rescue and refinancing, but the administration of Mothercare UK has cost a further 10 million
pounds

Headlines to digest:

Getlink's revenues hit by Brexit and strikes in France

STMicro posts Q4 net revenues beat but sees sales slowing q/q

Lufthansa weighs listing of stake in jet-maintenance unit- Bloomberg

Britain's ASOS beats sales forecasts in Christmas period

IHG to waive fees for China hotel stay cancellations amid viral outbreak

Anglo American's fourth-quarter output rises on Brazil mine strength

Mothercare Says Recapitalisation On Track, CEO To Leave

UK's Blue Prism says momentum building after revenue rises 83%

(Thyagaraju Adinarayan)

*****

STOCKS ON BACKFOOT ON CHINA VIRUS SCARE (0650 GMT)

European stocks are seen edging lower ahead of the ECB's rate decision and as investors
continue to worry about the spread of spread of a new flu-like virus in China. The caution in
Europe follows a steep 3% sell-off in Chinese stocks.

Auto stocks could come under further pressure as U.S. President Trump threatened to impose
high tariffs on imports of cars from the European Union if the bloc doesn't agree to a trade
deal.

Financial spreadbetters IG expect London's FTSE to open 9 points lower at 7,563, Frankfurt's
DAX to open 46 points lower at 13,470 and Paris' CAC to open 21 points lower at 5,990.

It's also a busy day for earnings with a slew of earnings reports pouring in. STMicro
, which provides chips and sensors to Apple and Tesla, reported Q4 sales slightly above
its outlook but warned of a slowdown next quarter.

(Thyagaraju Adinarayan)

*****

(Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan)

More News
22 Nov 2018 10:27

Mothercare Shares Drop As Sales Continue To Slump Amid Restructuring

LONDON (Alliance News) - Mothercare PLC shares dropped on Thursday as the retailer's sales continued to fall in the first half despite an ongoing restructuring programme.Shares in the a

Read more
22 Nov 2018 10:06

Mothercare blames negative press coverage as losses widen

(Sharecast News) - Loses at Mothercare widened in the first half as the mother and child retailer said negative press coverage had hit sales in the UK, although the international business was showing signs of recovery.

Read more
25 Oct 2018 09:19

AG Barr Appoints Former Superdry CFO Nicholas Wharton As Non Executive

LONDON (Alliance News) - Soft drink company AG Barr PLC said Thursday it appointed Nicholas Wharton as independent non-executive director with effect from start of November.Wharton was of a

Read more
16 Oct 2018 16:36

Accessories Retailer Claire's Calls Advisers To Explore Store Closures

LONDON (Alliance News) - Claire's is considering a raft of British store closures as the troubled fashion accessories chain becomes the latest high street firm to show signs of Press can that

Read more
12 Oct 2018 14:33

UK High Street Retailers In 2018 - The Bad, The Ugly And The Insolvent

LONDON (Alliance News) - Evidence of the challenges facing the UK high street retailer this year continued to accumulate in the first two weeks of October, with new figures showing in-store sales

Read more
31 Aug 2018 14:22

Homebase To Shut Another 42 Stores As High Street Misery Continues

LONDON (Alliance News) - Homebase has been given the green light to press ahead with a wave of store closures that will see 42 DIY outlets shut, putting around 1,500 jobs at risk.The is the

Read more
10 Aug 2018 13:19

Hammond Hints At Online Tax Change As High Street Firms Continue To Suffer

LONDON (Alliance News) - Philip Hammond has hinted at possible tax changes to ensure high street retailers are able to compete with online rivals, hours after House of Fraser was rescued in a want

Read more
26 Jul 2018 11:19

Mothercare Raises GBP33 Million Via Placing And Open Offer (ALLISS)

LONDON (Alliance News) - Mothercare PLC said Thursday it raised GBP32.5 million via a placing and open offer of 170.9 million shares at 19.0 pence each.Shares in Mothercare were down 1.5% a

Read more
9 Jul 2018 17:01

LONDON MARKET CLOSE: Pound Plummets As May Loses Two Cabinet Members

LONDON (Alliance News) - The FTSE 100's gains accelerated as the session progressed on Monday, the dollar-earner heavy index boosted as the pound tumbled on the resignation of UK Foreign Boris 24

Read more
9 Jul 2018 11:57

LONDON MARKET MIDDAY: Stocks Climb; Pound Higher After Davis Quits

LONDON (Alliance News) - Stocks in London were higher on Monday, brushing off last week's US-China tariffs, while the pound rose after the UK's Brexit secretary resigned from his role.The 100

Read more
9 Jul 2018 09:01

REPEAT: Mothercare To Shut Down 60 Stores Under Final CVA Deal

LONDON (Alliance News) - Shares in Mothercare PLC dropped on Monday after it declared its company voluntary arrangement (CVA) proposal effective, as no challenges have been made or filed with the

Read more
9 Jul 2018 08:52

TOP NEWS: Mothercare To Shut Down 60 Stores Under Final CVA Deal

LONDON (Alliance News) - Shares in Mothercare PLC dropped on Monday after it declared its company voluntary arrangement (CVA) proposal effective, as no challenges have been made or filed with the

Read more
9 Jul 2018 07:47

LONDON MARKET PRE-OPEN: Pound Higher After David Davis Resignation

LONDON (Alliance News) - Stock prices in London are seen opening in the green on Monday, as the pound increased slightly after David Davis resigned as UK Brexit Secretary. IG futures indicate the 100

Read more
5 Jul 2018 16:02

UK Shareholder Meetings Calendar - Next 7 Days

Friday 6 JulyValue & Income TrustCapital Gearing TrustStobart GroupMonday

Read more
29 Jun 2018 15:24

Homebase Explores Further Store Closures, Hundred Of Jobs In Doubt

LONDON (Alliance News) - Homebase is exploring a second wave of store closures that could see up to 40 DIY outlets shut, putting hundreds more retail jobs at risk.The DIY chain is sounding

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.