The FTSE 100 tobacco group, however, cautioned that while its second-quarter organic volume was expected to benefit from the phasing of shipments in a number of key markets, that would be partly offset by the impact of the significant excise increase i…
In company news, Tui Travel (TUI) led the FTSE 100 on a sharp rise in full-year profits and a hike in the dividend. The company, which is listed in London and Frankfurt, said that demand for cruise holidays has driven this year’s strong results. But it said that the squeeze on British holidaymakers from the …
Eurozone employment grew at a steady pace in the third quarter to a record high level, preliminary data from Eurostat showed Wednesday.
Employment rose 0.4 percent from the previous quarter, when the increase was the same. Jobs grew 0.5 percent in t…
The recent fall in the share price of over-50s financial services and travel specialist Saga (LSE: SAGA) is hugely disappointing for its investors. The company’s stock price tumbled around 25% lower just last week after it released a profit warning. In the near term, it would be unsurprising for there to be …
The FTSE 100 was flat at 7,450 points, with most of the morning’s action outside the blue-chip index. Among ‘small-cap’ stocks, shares in Zotefoams (ZTF) surged 12.5% to 451.3p after the foam maker signed a deal to suuply sportswear maker Nike (NKE.N). Shares in Cambian (CMBNC) slumped 12.5% …
… summer share portfolio, sell Rosh Hashanah buy Yom Kippur, Santa rally, day of the week strategy, Tuesday reverses Monday, turn of the month strategy, FTSE 100/250 monthly switching strategy, FTSE 100/S&P 500 monthly switching strategy (investi…
In recent years, the FTSE 100 travel group whose base is in Germany, has moved away from being a simple tour operator to focus instead on a model whereby it owns each of the component parts of a holiday, including hotels and cruise ships. The strategy …
How markets moved: The FTSE 100 index was up 2 points at 7,502.26 after dipping into the red at the open of trading. Financial, consumer services and basic materials shares were higher, but that move was mostly offset by losses in the utility, industri…
Earnings grew by 2.3% in the three months to October, lagging inflation for a seventh month.
The gap between valuations of the FTSE 100 and U.S. benchmark S&P 500 has widened strongly since the Brexit vote, analysts at Man Group found. While this is partly down to U.S. stocks becoming more expensive, it could also reflect investors’ Brexit anxiety, they said, adding the trend could reverse if …
The FTSE 100, mid-cap and small-cap indices all held steady by 0920 GMT, reflecting the broader European market which tread water ahead of the … The gap between valuations of the FTSE 100 and U.S. benchmark S&P 500 has widened strongly since the …
Following the release of U.K. jobless rate for three months to October at 4.30 am ET Wednesday, the pound changed little against its major rivals.
The pound was trading at 1.3356 against the greenback, 151.39 against the yen, 1.3240 against the franc…
UK 3-months To Oct. Avg Earnings Incld Bonus Up 2.5%, Consensus 2.5%
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My personal share portfolio is divided into two parts. Since earlier this year, one of these parts has loosely mirrored the SIF portfolio. The other part of my portfolio is focused more on value and special situations.
So I was interested to see a stock I’d considered for my value portfolio appear in the SIF screen this week. Womenswear retailer Bonmarché Holdings specialises in “mature” customers at the affordable end of the market. It’s a stock that’s appeared in my own value screens more than once, since running into trouble at the start of 2016.
This company also been covered comprehensively in the small cap value report by sector expert Paul Scott and most recently by Graham Neary.
Like Graham, I’m attracted to the cash-rich balance sheet and the high earnings yield (EBIT/EV) that has resulted from the group’s recovering performance.
Although Bonmarché shares have risen by around 33% from their mid-year lows of c.75p, the stock still boasts a low trailing P/E of 9.2 and a rolling forecast P/E of 7.1. One final temptation is the dividend yield of 7%, which has been maintained and looks increasingly well covered to…
A potentially dovish rate rise from the Federal Reserve and a narrower majority for the Republicans in the senate are feeding into a sense of caution toward the dollar and across global markets. “’Democrat Doug’ has added an additional twist to the US political story,” said Kit Juckes at Société Générale …
While the FTSE 100 breaks higher and US markets clock up their routine all-time highs, the DAX is lagging. The trading range of the past month still prevails. The index at present, is still stuck below the 13,200 area that has marked the limit of upwar…
Iceland Central Bank Keeps Key Rate Unchanged At 4.25%
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South Africa’s inflation slowed more-than-expected in November, figures from Statistics South Africa showed Wednesday.
Consumer price inflation eased to 4.6 percent in November from 4.8 percent in October. A similar lower rate was last seen in July….
The U.S. dollar erased its early losses against its major rivals in early European deals on Wednesday.
The greenback recovered to 0.9918 against the franc and 1.1738 against the euro, from its early lows of 0.9891 and 1.1763, respectively.
The green…
Hungary’s industrial production growth slowed as initially estimated in October, latest figures from the Hungarian Central Statistical Office showed Wednesday.
The volume of industrial production climbed a working-day-adjusted 7.6 percent year-over-y…
U.S. Dollar Advances To 0.9916 Against Franc
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Pound Rises To 0.8807 Against Euro
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Pound Edges Up To 1.3212 Against Franc
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Phone sales tumble at the retailer as consumers hold onto their handsets for longer.
Tui, the world largest holiday company, has reported that booming sales at its own-brand hotels and travellers boarding its cruise ship led to the third consecutive year of strong earnings growth, despite unexpected losses suffered at its airline busin…
Slovakia Nov Inflation 1.9% Vs. 1.7% In October
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Slovakia Nov CPI Up 0.3% On Month
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Hungary Oct Industrial Production Up 1.2% On Month, Flash 1.2%
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S. Africa Nov CPI Rises 0.1% M-o-M
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S. Africa Nov Inflation 4.6% Vs. 4.8% In Oct, Consensus 4.7%
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