(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(ShareCast News) - The Bank of England is set to slash interest rates and even restart its money-printing programme to stimulate a slowing economy after the vote for Brexit, the Sunday Times reported. A cut in Bank rate is now viewed as a near-certainty by investors, having been considered an even-m
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(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(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B
Read more(ShareCast News) - Gains in shares of London-listed oil majors BP and Royal Dutch Shell, and oil stocks more generally, helped to keep the FTSE 100 and FTSE 350 in the green on Tuesday. Traders welcomed news that Shell had boosted its estimates for the cost savings it expected to reap from its merge
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