Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksALY.L Share News (ALY)

  • There is currently no data for ALY

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London midday: Miners drive Footsie higher

Thu, 01st Apr 2010 11:59

Resource stocks drove Footsie higher this morning ahead of the Easter break as commodity prices advance.Manufacturing activity has accelerated in China, while confidence in the Japanese manufacturing sector also improved.Xstrata, Randgold Resources, Rio Tinto and Vedanta Resources are the best performers in the mining sector. Oil explorer Cairn Energy is also wanted. Broker Citi has retained a 'Buy' rating on BT after yesterday's Pay TV review by Ofcom. The broker says the outcome of the review is something of a disappointment compared to the stance of OFCOM's third consultation document. But it establishes the principle of intervention to curb Sky's market power in premium TV and allows BT to price the sports channels flexibly which should give BT Vision an important boost.Tullow Oil announced that the Likonde-1 well, onshore Tanzania, has encountered thick sands with hydrocarbon shows. The well, which is now being plugged and abandoned, is the first of a two-well programme within the prospective Ruvuma delta region. Scottish and Southern Energy (SSE) has agreed to buy the natural gas assets and infrastructure assets of Hess in three regions of the North Sea for $423m.Gartmore continues to recover after the firm indicated that it suspended fund manager Guillaume Rambourg after he breached internal rules by ordering dealing desks to use more than a dozen favoured brokers for share trades.Retail-related stocks are in focus. The cold snap in the early part of the year and tougher comparatives contributed to a drop in fourth quarter like for like (LFL) sales at baby products retailer Mothercare. On the positive side, the international division pepped up the group's trading performance in the 11 weeks ended 27 March with a 19.3% jump in overseas retail sales. The snow failed to dent growth at cash and carry group Booker, which saw sales rise in the quarter to March 26 as its customers braved the wintery weather of much of the period to stock up on supplies. Sales rose by 3.8% from the same period the previous year or by 3.6% on a like-for-like basis (excluding the impact of new openings). Furniture and clothing retailer Laura Ashley said customer confidence is returning but is tempered with a degree of caution as it posted a 3% rise in full year group sales. Total group sales rose to £268.4m for the 52 weeks to 30 January from £260.5m the same time a year before. Total UK retail sales were up 3.6% to £243.6m while like-for-like sales advanced 3.5%.Residential property investor Grainger has acquired PHA Limited, which owns 162 homes in Devon, for £15.3m. The properties, comprising 146 houses and 16 flats, were built in the 1950s and 1960s.Engineer Hamworthy expects to hit targets even though it has seen no improvement in the orders from the shipping business. "The group continues to trade in line with expectations, achieving a high profit-to-cash conversion and maintains a strong balance sheet. It remains confident of meeting full year expectations for the year ended 31 March 2010," the statement said.Pharmaceutical company BTG said it anticipates results for the year ended 31 March to be ahead of analyst consensus expectations. The firm sees revenues in excess of £95m and cash and cash equivalents of over £75m at 31 March.Restaurant chain Prezzo said it was confident of delivering a positive outcome for the year ahead as it reported a 12% rise in full-year pre-tax profits. Adjusted pre-tax profit increased to £12.9m in the 52 weeks ended 27 December compared with £11.5m last time. Revenue was up 6% to £91m.
More News
23 Mar 2020 11:39

Insolvent Laura Ashley To Permanently Shut 70 Stores And Axe 721 Jobs

Insolvent Laura Ashley To Permanently Shut 70 Stores And Axe 721 Jobs

Read more
23 Mar 2020 10:26

Laura Ashley shuts 70 stores

(Sharecast News) - Laura Ashley will close 70 of its UK stores on Monday, putting more than 700 jobs at risk, as administrators start trying to find a buyer for the retailer.

Read more
20 Mar 2020 08:55

UPDATE 2-Hotel Chocolat agrees share issue ahead of coronavirus hit

(Updates to reflect increased size of placement)March 20 (Reuters) - British chocolatier Hotel Chocolat said on Friday it had agreed to issue new shares to inject 22 million pounds into the business, as it faces having to close its cafe and store ...

Read more
20 Mar 2020 08:55

UPDATE 1-Hotel Chocolat agrees share issue ahead of coronavirus hit

(Adds details from statement, background)March 20 (Reuters) - British chocolatier Hotel Chocolat said on Friday it had agreed an issue of new shares that would inject 20 million pound into the business, as it faces having to close its cafe and sto...

Read more
17 Mar 2020 11:27

UPDATE 2-UK retailer Laura Ashley succumbs as virus hits, shares slump

* Laura Ashley to appoint administrators* Says is in advanced talks for third-party debt funding* Shares will be suspended from trading (Adds shareholder comment, updates share move)By Tanishaa NadkarMarch 17 (Reuters) - Laura Ashley said on Tuesday...

Read more
17 Mar 2020 11:00

Virus Claims Former British Icon As Laura Ashley Enters Administration

Virus Claims Former British Icon As Laura Ashley Enters Administration

Read more
16 Mar 2020 13:43

Laura Ashley seeks ?15m lifeline despite sales jump

(Sharecast News) - Home furnishing retailer Laura Ashley said crucial funding discussions were still ongoing, as it posted a 28% jump in sales but warned of a possible hit going forward from the coronavirus outbreak.

Read more
16 Mar 2020 11:51

Laura Ashley In Financing Talks, To "Consider All Appropriate Options"

Laura Ashley In Financing Talks, To "Consider All Appropriate Options"

Read more
16 Mar 2020 11:10

UK WINNERS & LOSERS SUMMARY: Sainsbury Is Lonely Riser On Broker Note

UK WINNERS & LOSERS SUMMARY: Sainsbury Is Lonely Riser On Broker Note

Read more
16 Mar 2020 08:54

UPDATE 1-Laura Ashley says will need further funding boost

(Adds background on company, details from today's statement)March 16 (Reuters) - British retailer Laura Ashley warned on Monday it would need additional funding to meet its ongoing working capital requirements, just a month after saying it has acc...

Read more
16 Mar 2020 07:34

Laura Ashley says will need further funding boost

March 16 (Reuters) - British retailer Laura Ashley warned on Monday that it will need additional funding to meet its ongoing working capital requirements, just a month after saying it has access to sufficient cash to meet its immediate needs.The ...

Read more
27 Feb 2020 17:56

EXECUTIVE CHANGE SUMMARY: Burford Capital Adds Independent Directors

EXECUTIVE CHANGE SUMMARY: Burford Capital Adds Independent Directors

Read more
20 Feb 2020 11:09

Laura Ashley Has "Disappointing" Interims; Accelerates Change At Top

Laura Ashley Has "Disappointing" Interims; Accelerates Change At Top

Read more
20 Feb 2020 07:31

Laura Ashley first half loss jumps to 4 mln pounds

Feb 20 (Reuters) - Troubled clothing and furnishing retailer Laura Ashley saw pretax losses more than double in the first half of the year, hurt by weak demand for its home furnishing business and disruption from a change in its Japanese franchis...

Read more
19 Feb 2020 13:44

UPDATE 2-Laura Ashley calms concerns with funding agreement

(Recasts, adds shareholder quotes, updates shares)By Tanishaa NadkarFeb 19 (Reuters) - Clothing and furnishing retailer Laura Ashley calmed concerns over its working capital, saying it has access to sufficient funds to meet immediate funding needs...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.