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Equities in Europe traded lower in the premarket on Monday amid new worries concerning the COVID-19 pandemic throughout the continent. The number of infections registered in the United Kingdom surpassed 3.4 million, leading to reports the government was considering introducing tighter restrictions. Meanwhile, the figure for cases of coronavirus in Germany has risen to nearly two million.

The DAX traded 0.39% lower at 8:16 am CET, while the FTSE 100 went down by 0.13%.

The euro lost 0.34% to the dollar to sell for $1.21841 at 7:27 am CET. A minute later, the pound sterling declined by 0.43% against the greenback, changing hands for $1.35048.

Breaking the News / JR

Discount retailer B&M European Value (BME) has benefited not only from being classed as an essential shop during lockdown but is set to become a winner as consumers tighten their purse strings, says Hargreaves Lansdown.

Group revenue grew 22.5% in the third quarter, covering the 13 weeks to Christmas, with UK store revenue up 26.6% as 18 new stores were opened in the quarter creating 500 new jobs.

Analyst Susannah Streeter said the store ‘shot out of the traps’ in the third quarter, thanks to its status as an essential retailer and the fact it attracted last-minute present buyers who saw their options limited before Christmas.

‘The company has warned the new national lockdown in the UK caused by escalating infection rates will cause further uncertainties ahead, even though its stores will again be able to keep trading,’ said Streeter.

‘However, consumers usually trade down when times are tight and with one in 10 workers still on furlough and unemployment expected to rise, the squeeze on many household budgets should benefit the retailer.’

At time of writing on Friday, the shares were trading up 2.1%, or 11p at 542p.

Liberum has upgraded Next (NXT) following a ‘resilient’ Christmas and sees opportunity for retail outperformance as well as M&A as rivals collapse.

Having previously placed the stock ‘under review’, analyst Adam Tomlinson upgraded his recommendation from ‘hold’ to ‘buy’ and reinstated the target share price at £83.00 following ‘very resilient Christmas trading which beat expectations’.

Next’s shares were trading at £76.02 at time of writing on Friday, down 1.2% on the day, but up 7.3% over the week.

Tomlinson said Next is now predominantly an online business and he is ‘positive about further online growth as Next attracts new brands and develops the Platform Plus (where it sells items from partner brands)’.

‘We see opportunities for retail outperformance and M&A as many high street competitors have collapsed,’ he added.

The Times: Parcel courier DPD has halted deliveries to Europe, forced by the burden of extra paperwork and new border rules for British businesses.

https://www.thetimes.co.uk/edition/news/brexit-uk-stumbles-over-fine-print-pss888kvd

The Guardian: Asos is investing £90 million in a new distribution centre in Lichfield, Staffordshire, that will handle parcels for its online clothing and beauty business.

https://www.theguardian.com/business/2021/jan/08/asos-invest-90-million-online-clothing-beauty-distribution-centre-lichfield

Thank you yaf4e.

Point cleared, cheers.

Hello yafe4e I can find no reference to any upcoming events.
Have you seen a date on Boo’s investors website or are you suggesting that’s where I might find it?
Thanks for any reply.

I see people referring to the 14th, has this been indicated or how has it been arrived at?

I think the results may well appear on Monday at 7am (the 13th)

Major European stock indexes were higher during Friday's premarket trading as investors prepared for the latest batch of economic data. Meanwhile, concerns were higher in Germany amid record high daily increases in COVID-19 deaths.

The FTSE 100 increased 0.69% at 7:3 am CET, while the DAX climbed 0.89%.

The euro and the pound were both flat at 7:3 am CET, selling for $1.22652 and $1.35724 respectively.

Breaking the News / MD

Happy Friday y’al

Major European stock indexes were higher during Friday's premarket trading as investors prepared for the latest batch of economic data. Meanwhile, concerns were higher in Germany amid record high daily increases in COVID-19 deaths.

The FTSE 100 increased 0.69% at 7:3 am CET, while the DAX climbed 0.89%.

The euro and the pound were both flat at 7:3 am CET, selling for $1.22652 and $1.35724 respectively.

Breaking the News / MD

Happy Friday y’al

Cheers PMoran it’s just a premarket heads up, the key is by how much.
If the direction is up but the ftse is only + .12 % positive the day could go either way but when it’s + .70% like this morning we can be pretty sure of a good day.

Thanks for your remark.

Major indexes in Europe traded higher premarket on Thursday as stocks continued to rally on news of the European Medicines Agency's approval of Moderna's COVID-19 vaccine. Later today, several important economic reports are expected to be published.

The FTSE 100 increased 0.70% at 7:33 am CET, while the DAX rose 0.30%.

The euro was flat against the dollar at 7:35 am CET, changing hands for $1.23180. The pound fell 0.13% to sell for $1.35920

Breaking the News / MD

Major indexes in Europe traded higher premarket on Thursday as stocks continued to rally on news of the European Medicines Agency's approval of Moderna's COVID-19 vaccine. Later today, several important economic reports are expected to be published.

The FTSE 100 increased 0.70% at 7:33 am CET, while the DAX rose 0.30%.

The euro was flat against the dollar at 7:35 am CET, changing hands for $1.23180. The pound fell 0.13% to sell for $1.35920

Breaking the News / MD

Equities on major European stock markets increased in premarket trade on Wednesday as investors mainly focused on the coronavirus pandemic, while they await economic data reports to be released after the opening bell. Data on business activity, producer prices, and consumer prices for the European Union and Germany are scheduled to be released during the session.

The United Kingdom is "doing everything it can to put up an invisible shield" by vaccinating the most vulnerable population, British Prime Minister Boris Johnson stressed, adding the government aims to "make the most" out of the new national lockdown after daily coronavirus infections reached its highest level so far in the UK.

The DAX rose 0.60% at 8:00 am CET, while the FTSE 100 gained 0.58% at the same time. The CAC 40 in Paris added 0.17% concurrently. The euro went up by 0.16% to change hands at $1.23138 a minute later.

Breaking the News / GA

Equities on major European stock markets increased in premarket trade on Wednesday as investors mainly focused on the coronavirus pandemic, while they await economic data reports to be released after the opening bell. Data on business activity, producer prices, and consumer prices for the European Union and Germany are scheduled to be released during the session.

The United Kingdom is "doing everything it can to put up an invisible shield" by vaccinating the most vulnerable population, British Prime Minister Boris Johnson stressed, adding the government aims to "make the most" out of the new national lockdown after daily coronavirus infections reached its highest level so far in the UK.

The DAX rose 0.60% at 8:00 am CET, while the FTSE 100 gained 0.58% at the same time. The CAC 40 in Paris added 0.17% concurrently. The euro went up by 0.16% to change hands at $1.23138 a minute later.

Breaking the News / GA

Equities in Europe traded lower in the premarket on Tuesday as worries concerning the coronavirus pandemic continue to impact lives throughout the continent. British Prime Minister Boris Johnson announced England would enter another nationwide lockdown. Earlier, it was reported Germany would extend its restrictions until January 31.

The DAX traded 0.08% lower at 7:50 am CET. At the same time, the FTSE 100 declined by 0.14%, while the CAC 40 went down by 0.10%.

The euro rose by 0.17% against the dollar to sell for $1.22705 at 7:55 am CET. A minute later, the pound sterling advanced by 0.29% against the greenback to change hands for $1.36067.

Breaking the News / JR

Equities in Europe traded lower in the premarket on Tuesday as worries concerning the coronavirus pandemic continue to impact lives throughout the continent. British Prime Minister Boris Johnson announced England would enter another nationwide lockdown. Earlier, it was reported Germany would extend its restrictions until January 31.

The DAX traded 0.08% lower at 7:50 am CET. At the same time, the FTSE 100 declined by 0.14%, while the CAC 40 went down by 0.10%.

The euro rose by 0.17% against the dollar to sell for $1.22705 at 7:55 am CET. A minute later, the pound sterling advanced by 0.29% against the greenback to change hands for $1.36067.

Breaking the News / JR

We’re released on January 9th 2020.

Worth remembering over the coming couple of weeks.

Covid-19 restrictions continue to disrupt Associated British Foods (ABF)’s Primark stores but Shore Capital says investors should take advantage of any weakness in the share price.

Analyst Clive Black reiterated his ‘buy’ recommendation on the group, which bucked the wider market rise to fall 1.68%, or 38p, to £22.26 yesterday.

Black said he was not engaging ‘in a moving feast of forecast adjustments’ and will instead wait for a formal update on the figures as, despite the disruption to Primark, the grocery operation is expected to be ‘a net beneficiary from Covid-19-related market conditions’.

‘Through no fault of its own, the New Year news remains a bit mellow for Primark, but we would take advantage of any markdown in the ABF share price as equity markets reopen, should that occur, to participate in a fundamentally high-quality stock, one where Primark in particular is set to be a winner,’ he said.

Covid-19 restrictions continue to disrupt Associated British Foods (ABF)’s Primark stores but Shore Capital says investors should take advantage of any weakness in the share price.

Analyst Clive Black reiterated his ‘buy’ recommendation on the group, which bucked the wider market rise to fall 1.68%, or 38p, to £22.26 yesterday.

Black said he was not engaging ‘in a moving feast of forecast adjustments’ and will instead wait for a formal update on the figures as, despite the disruption to Primark, the grocery operation is expected to be ‘a net beneficiary from Covid-19-related market conditions’.

‘Through no fault of its own, the New Year news remains a bit mellow for Primark, but we would take advantage of any markdown in the ABF share price as equity markets reopen, should that occur, to participate in a fundamentally high-quality stock, one where Primark in particular is set to be a winner,’ he said.