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LONDON, July 30 (Reuters) - Next, Britain's second biggest clothing retailer, raised its profit expectations for the year after sales growth accelerated in its second quarter, partly reflecting favourable seasonal weather conditions. The group, which trades from over 500 stores in Britain a
Read more* Autumn/winter ranges hit stores Thursday, main push Sept * Under pressure to reverse 2 yrs of clothing sales falls * CEO could make up to 5.7 mln stg in 2013-14 * Capital expenditure set to fall * Profit, dividends forecast to rise By James Davey LONDON, July
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Nomura has lifted its view on the UK retail sector from 'neutral' to 'bullish', even though the category has outperformed the wider market so far this year. The broker said that lower taxes and high social security - "hardly a recipe for confident spending" - have propped up disposable income over
Read moreAfrican Barrick Gold: Nomura lowers target price from 200p to 155p, while upgrading from reduce to buy. Barclays: Bank of America reduces target price from 410p to 370p, while leaving its buy recommendation unchanged. BHP Billiton: Investec ups target price from 1919p to 1926p maintaining a buy re
Read moreGains in the financial sector were offsetting falls in the mining sector on Wednesday as bargain hunters stepped in following recent falls. Aberdeen Asset Management, Schroders, Resolution and Prudential, four stocks that have been hit hard by market volatility over the last month, were among the to
Read moreStrong US data out yesterday, improving consumer confidence in Germany and measures by the Chinese central bank to ease a credit squeeze, all combined to give markets a boost on Wednesday with London's FTSE 100 jumping one per cent by midday. Nevertheless, mining stocks were under pressure in morni
Read moreLONDON, June 24 (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
Read moreLondon equities finished lower for a second straight day, with investors being put off by the recent gyrations in the market, although the early close of some US markets ahead of the Memorial Day weekend may also have played a role. Market commentary is a tad divided regarding the direction which
Read moreEurasian Natural Resources Corporation (ENRC) was leading the way lower. The company announced Thursday that it has suffered two potential losses of company data. Royal Bank of Scotland (RBS)'s mobile banking application was down Friday morning in another IT failure following a major glitch last y
Read moreMining and banking stocks were weighing on the FTSE 100 on Friday morning as the index extended losses following yesterday's dramatic sell-off. Worries about the Federal Reserve scaling back its asset purchase programme prematurely and a negative reading of factory activity in China saw markets acr
Read moreShares in Next shed 2.3 percent, top fallers on a flat FTSE 100 index, which traders attribute to a move by Morgan Stanley to cut its rating on the fashion retailer to "underweight" from "equal-weight" on valuation grounds. Morgan Stanley writes in a note that it sees no near-term reason wh
Read moreMarkets opened tentatively on Friday morning with sentiment still fragile following a plunge the day before as traders reacted to concerns about stimulus measures in the US and a slowdown in China. Worries about the Federal Reserve scaling back its asset purchase programme prematurely and a negativ
Read moreAveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib
Read moreRoyal Bank of Scotland was in the lead after Numis raised its target price from 308p to 410p, while upgrading the stock to buy. Budget airline easyJet was also flying high after both Deutsche Bank and Citigroup lifted their target prices for the stock following last week's first-half results. Citi
Read moreThe FTSE 100 had erased its early-morning gains by Monday lunchtime, as strong performances by easyJet and RBS were offset by heavy falls in the mining sector. "A dearth of economic data in Europe this morning is mirrored across the Pond, giving traders the opportunity to pause and assess ahead of
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