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Share Price: 9,282.00
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Ask: 9,298.00
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Retail sales rebound in February, data shows

Thu, 21st Mar 2013 11:49

Retail sales rose more than expected in February, boosted by strong demand for tablet devices, the Office for National Statistics (ONS) revealed Thursday.Total sales increased by 2.1% last month, compared with -0.7% in January, beating the 0.4% consensus.Core sales, excluding fuel, increased by 1.9% when compared to January, and by 3.3% on the year.Nominal sales were also strong, rising by 1.8% on the previous month, while retail sales inflation remained weak at 0.7% year-on-year.Strong sales at computer equipment retailers and department stores provided the largest contribution to February's rise, along with solid online results, the ONS said.Online spending accounted for 9.7% of all retail spending, excluding fuel, in February. The average weekly spend online rose 10% to £540m compared to a year ago. The weekly spend across all retail sectors amounted to £6.3bn in February compared with £6.1bn a month earlier and for the same period a year ago.Barclays said the figures indicted the retail sector was likely to see growth in the next quarter."This improvement is welcome given the underlying trend in consumer spending has been very weak for a prolonged period, as the hit to consumers from high inflation and a weak labour market has been significant," the bank said. "However, we think that despite the positive news it is too soon to call for a significant change in fortunes here and other data releases we have had this week were not supportive of the consumer sector."Earlier in the week we saw inflation rising further and earnings growth falling unexpectedly, suggesting the squeeze in real household incomes is set to continue and the outlook for retailing remains challenging."The data was released the same day UK retail giants NEXT and Ted Baker reported an increase in annual profits. RD
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19 Dec 2022 07:52

LONDON BRIEFING: Stocks called up, but prospect of Santa rally fades

(Alliance News) - The FTSE 100 index looked set to regain some lost ground early on Monday, having fallen to a four-week low last week.

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15 Dec 2022 11:58

PRESS: South Africa's Foschini Group aggrieved at failed Joules bid

(Alliance News) - Cape Town-based clothing retailer Foschini Group Ltd has written to the newly-appointed administrators of British country lifestyle retailer Joules, in protest of the decision to sell the business to UK's Next PLC, Sky News reported on Wednesday.

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1 Dec 2022 16:53

LONDON MARKET CLOSE: Stronger pounds scuppers FTSE 100 gains

(Alliance News) - Stock prices in London mixed on Thursday, as relief that US interest rate hikes look set to slow was offset by weak economic data, and a stronger pound held back the FTSE 100 index.

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1 Dec 2022 14:04

TOP NEWS: Next rescues Joules by taking majority stake, keeping staff

(Alliance News) - Next PLC on Thursday said it is buying a majority stake in fellow retailer Joules Group PLC, which last week Friday said it was preparing to be wound up.

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1 Dec 2022 12:53

Next buys Joules out of insolvency - report

(Sharecast News) - Next confirmed on Thursday that it has partnered with Tom Joule to buy retailer Joules out of insolvency for £34m in cash.

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27 Nov 2022 21:30

Sunday newspaper round-up: Zero Covid, British Airways, Rolls Royce

(Sharecast News) - Protests against the government's zero-Covid strategy are spreading from Shanghai to other Chinese cities such as Guangzhou, Wuhan and Xi'an. Videos of the protests on social media, including some showing clashes with police and people chanting anti-government slogans, were taken down. In Urumqi, most of the city had been under lockdown for over three months, although lockdowns were lifted in some neighbourhoods on Saturday. China reported 39,506 cases of Covid-9 on Sunday, a record level, but small when compared to the levels recorded at the height of the pandemic in the West. - The Sunday Times

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24 Nov 2022 15:45

UK dividends calendar - next 7 days

Friday 25 November 
abrdn Property Income Trust Ltddividend payment date
Alternative Income REIT PLCdividend payment date
Axiom European Financial Debt Fund Ltddividend payment date
ContourGlobal PLCdividend payment date
CQS Natural Resources Growth & Income PLCdividend payment date
CQS New City High Yield Fund Ltddividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
Edinburgh Investment Trust PLCdividend payment date
Empiric Student Property PLCdividend payment date
FW Thorpe PLCdividend payment date
Games Workshop Group PLCdividend payment date
Greencoat UK Wind PLCdividend payment date
Henderson Far East Income Ltddividend payment date
Impact Healthcare REIT PLCdividend payment date
Lookers PLCdividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
Manchester & London Investment Trust PLCdividend payment date
MJ Gleeson PLCdividend payment date
Mulberry Group PLCdividend payment date
Next Fifteen Communications Group PLCdividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
Primary Health Properties PLCdividend payment date
Ricardo PLCdividend payment date
S&U PLCdividend payment date
SME Credit Realisation Fund Ltddividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Target Healthcare REIT PLCdividend payment date
Taylor Maritime Investments Ltddividend payment date
Tesco PLCdividend payment date
Monday 28 November 
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Ecofin US Renewables Infrastructure Trust PLCdividend payment date
European Opportunities Trust PLCdividend payment date
Headlam Group PLCdividend payment date
ITV PLCdividend payment date
Wilmington PLCdividend payment date
Tuesday 29 November 
JPMorgan Global Core Real Assets Ltddividend payment date
Pacific Horizon Investment Trust PLCdividend payment date
Wednesday 30 November 
BAE Systems PLCdividend payment date
Bankers Investment Trust PLCdividend payment date
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Custodian REIT PLCdividend payment date
Diverse Income Trust PLCdividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCdividend payment date
Henderson International Income Trust PLCdividend payment date
New Star Investment Trust PLCdividend payment date
Picton Property Income Ltddividend payment date
PRS REIT PLCdividend payment date
PZ Cussons PLCdividend payment date
Schroder Oriental Income Fund Ltddividend payment date
UK Commercial Property REIT Ltddividend payment date
Thursday 1 December 
3i Group PLCex-dividend payment date
abrdn Japan Investment Trust PLCex-dividend payment date
Alliance Trust PLCex-dividend payment date
AVI Global Trust PLCex-dividend payment date
Bellway PLCex-dividend payment date
Burford Capital Ltddividend payment date
Caledonia Investments PLCex-dividend payment date
CMC Markets PLCex-dividend payment date
CML Microsystems PLCex-dividend payment date
Devro PLCex-dividend payment date
DFS Furniture PLCex-dividend payment date
Downing Renewables & Infrastructure Trust PLCex-dividend payment date
Fidelity Special Values PLCex-dividend payment date
Helical PLCex-dividend payment date
Henderson Diversified Income Trust PLCex-dividend payment date
Hill & Smith PLCex-dividend payment date
JPMorgan China Growth & Income PLCdividend payment date
JPMorgan Claverhouse Investment Trust PLCdividend payment date
LondonMetric Property PLCex-dividend payment date
LXI REIT PLCex-dividend payment date
Marshalls PLCdividend payment date
Montanaro European Smaller Companies Trust PLCex-dividend payment date
Next PLCex-dividend payment date
Ninety One PLCex-dividend payment date
Oxford Instruments PLCex-dividend payment date
PayPoint PLCex-dividend payment date
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RM Infrastructure Income PLCex-dividend payment date
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21 Nov 2022 10:09

LONDON BROKER RATINGS: Panmure and Goldman Sachs cut boohoo from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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16 Nov 2022 16:57

Joules shares to be cancelled after Interpath named as administrators

(Alliance News) - Joules Group Plc on Wednesday said it expects the listing of its shares to be cancelled after naming Interpath Ltd as administrators.

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16 Nov 2022 16:55

LONDON MARKET CLOSE: Retailers on back foot as UK inflation tops 11%

(Alliance News) - Stock prices in London closed lower on Wednesday in a day of risk aversion for global markets, with inflationary and geopolitics fears rife.

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14 Nov 2022 11:19

Retailer Joules to call in administrators as financing talks fail

(Alliance News) - Trading in the shares of Joules Group PLC was suspended on Monday, as the cash-strapped retailer said refinancing discussions have failed, and it will call in administrators.

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9 Nov 2022 17:05

LONDON MARKET CLOSE: European stocks tread water amid US midterms

(Alliance News) - Caution prevailed in European equities on Wednesday, as investors looked past the midterm elections in the US to Thursday's US inflation reading.

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9 Nov 2022 10:21

TOP NEWS: Next snaps up Made.com assets after sofa seller collapses

(Alliance News) - Next PLC on Wednesday said it has agreed to buy assets of failed furniture seller Made.com out of administration.

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9 Nov 2022 08:57

LONDON MARKET OPEN: Stocks falter on China Covid fears; US vote eyed

(Alliance News) - Stock prices in London opened on the back foot on Wednesday, amid declines in Asia and elsewhere in Europe as well, continuing what has been a negative week so far for the FTSE 100 index.

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9 Nov 2022 07:37

Next to buy Made.com out of administration

(Sharecast News) - Clothing and homeware retailer Next has agreed to buy Made.com out of administration for £3.4m.

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