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London pre-open: Stocks to track US and Asian markets lower

Thu, 26th Mar 2015 07:54

UK stocks are expected to open in negative territory on Thursday morning, tracking declines in the US and Asia overnight.City sources predict the FTSE 100 will open 45 points lower than Wednesday's close of 6,990.97.US markets suffered sharp declines on Wednesday as economic data continued to disappoint, with durable good orders unexpectedly dropped 1.4% in February."For the most part of this year the consensus view has been, and to some extent still is, that the US economy is in pretty good shape with robust jobs growth, helping propel a recovery that sets it apart from its peers," said CMC Markets analyst Michael Hewson. "This rather rose tinted view has taken somewhat of a knock in the past few days with a raft of disappointing data announcements, and yesterday's durable goods numbers for February did nothing to dispel these concerns."In economic data on Thursday, investors will digesting German consumer confidence, UK retail sales, US jobless claims and US service-sector figures.Stocks to watchBudget airline Easyjet expects to beat previous guidance for its first half, mainly due to foreign exchange movements in the second quarter. The revenue per seat growth forecast for the six months to 31 March has been boosted from 2% to 2.5% at constant currency. The company's revised outlook also predicts between a loss of £5m to a profit of £10m for the first half, compared with previous estimates of a £10m-30m loss. The year before, it recorded a pre-tax loss of £53m.Royal Bank of Scotland has confirmed that it expects to make $3.2bn from the partial sale of shares in US subsidiary Citizens. RBS sold 24.7% of Citizens at a public offering price of $23.75 per share.Supergroup chief executive Euan Sutherland has unveiled his new strategy for the company, including the introduction of a dividend in 2016 and buying back its US rights. Also, Actor Idris Elba, famous for his roles in The Wire and Mandela Long Walkt To Freedom, will collaborate with Superdry to design and produce a new premium line of clothing which will be sold globally in stores and online.Unite Group has received planning approval for a 2.1-acre site in central Coventry. The new building will cater for 286 students and its completion is expected in time for the 2016/17 academic year.Euromoney expects to report a 1% increase in total revenues for the six months to 31 March, according to the pre-close trading update on Thursday. The company also reported that its group net debt should reach £10m at the same date, falling from £37.6m in September 2014.
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20 Jan 2017 15:51

Directors dealings: Supergroup founder Dunkerton pares stake

(ShareCast News) - Supergroup founder Julian Dunkerton sold a hefty amount of shares in the £1.25bn market cap fashion retailer, even as its shares continued to trade near their record highs. Dunkerton, who is also the FTSE 250-listed company´s product and brand director hived off 392,156 shares at

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16 Jan 2017 13:32

Ex-divs to take 2.6 points off FTSE 100 on Jan. 19

LONDON, Jan 16 (Reuters) - The following FTSE 100 companies will go ex-dividend on Thursday, 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-make

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12 Jan 2017 08:41

SuperGroup hikes dividend as Christmas sales accelerate

(ShareCast News) - Amid troubled times for some more established clothing retailers, SuperGroup, the owner of the Superdry fashion brand, lifted its interim dividend by a quarter after a half year where sales and profits grew strongly in the UK and gained traction in the US and China. And in the 10

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10 Nov 2016 08:39

LONDON MARKET OPEN: Stocks Add To Trump Bounce

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10 Nov 2016 08:38

BUZZ-SuperGroup: best day in 4 mths on H1 sales beat

** SuperGroup +7.6%, biggest one-day rise since mid-July ** H1 retail LfL +12.8% (well ahead of +2.6% consensus flagged by Liberum) ** Top of FTSE 250 and among most actively traded stocks on the index (RM: tricia.wright1.thomsonreuters.com@reuters.net)

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10 Nov 2016 07:55

TOP NEWS: SuperGroup Sales Surge But Gross Margin Squeezed

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10 Nov 2016 07:47

Supergroup surges as it posts jump in H1 sales, says FY profit will meet views

(ShareCast News) - Supergroup shares surged on Thursday after the FTSE 250 owner of clothing brand Superdry reported a bigger-than-expected jump in first-half revenue and said it expects full-year profit to be in line with market expectations of £84.6m. In a trading update for the 26-week period to

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17 Oct 2016 15:04

Clothing retailers' sales decline again, Kantar criticises discounting

(ShareCast News) - UK clothing retailers have seen sales fall for four months in a row, according to a survey published on Monday that criticised the industry's habit of over-buying and deep discounting. Since June saw the first fall in the value of the UK fashion market, data from Kantar Worldpanel

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16 Sep 2016 15:09

UK Dividends Calendar - Next 7 Days

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7 Sep 2016 15:03

UK Shareholder Meetings Calendar - Next 7 Days

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18 Jul 2016 14:06

SuperGroup among FTSE 250 stocks going ex-div on Jul 21

LONDON, July 18 (Reuters) - There are no FTSE 100 companies going ex-dividend on Thursday, although two British mid-cap companies are set to trade without entitlement to their latest dividend payouts. Among FTSE 250 companies going ex-dividend are: COMPANY

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15 Jul 2016 08:56

Friday newspaper share tips: Experian, Supergroup

(ShareCast News) - There's more to go for at Experian, The Daily Telegraph's Questor said, pointing to the recent successes by the company when it comes to product innovation and cultivating more communication between its business units. That innovation is serving the company well, allowing it to gr

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14 Jul 2016 16:06

LONDON MARKET CLOSE: Stocks Mixed But Pound Higher After BoE Stays Put

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14 Jul 2016 15:08

UK Dividends Calendar - Next 7 Days

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14 Jul 2016 14:22

SuperGroup says diversification means well placed to weather Brexit fallout

LONDON, July 14 (Reuters) - SuperGroup, the British company behind the Superdry fashion brand, is well placed to weather sterling's depreciation in the wake of the Brexit vote thanks to its overseas expansion strategy, its boss said on Thursday. The firm, whose trademark jackets, hooded top

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