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FOCUS Woolworths warning points to more Christmas gloom than cheer Sharewatch
Woolies warned it will not achieve even the low end of market expectations for year to end-January 2007 pretax profit unless it sees a significant uplift in sales for the remainder of the festive period and a continued improvement in its gross margin.
STOCKWATCH Burberry downgraded to \'underweight\' from \'neutral\' by HSBC Sharewatch
In a note published this morning, HSBC said the stock no longer trades at a discount to luxury pure plays, with the valuation looking \'stretched\' after the share price rallied by 39 pct in the year-to-date.
AFX at a glance - Today\'s UK, European broker recommendations Sharewatch
GOLDMAN SACHS Upgrades European Food Producers to Neutral from Cautious: Buy Unilever, Sell Cadbury Schweppes Neutral Alfa Laval, ups target to 260 skr from 243 Neutral Enodis, ups target to 216 pence from 182 Neutral Speedy Hire, cuts target to 1,108 from 1,042 Neutral Sulzer, ups target to 1,201 sfr from 1,024 Neutral WS Atkins, ups target to 858 pence from 806 DRESDNER KLEINWORT Reiterates Buy
London shares - mid-morning features Sharewatch
British Energy 498-1/2 up 13-1/2 Deutsche Bank reiterates \'buy\' Persimmon 1,404 up 23 Housing sector consolidation hopes Cairn Energy 1,978 up 25 Cairn India IPO price set at 160-190 rupees/shr ICI 423 up 2-1/2 Merrill Lynch \'buy\' with target upped to 470 pence from 460 Enterprise Inns 1,209 up 9 UBS ups target to 1,300 pence from 1,200 FTSE 100 fallers BAE Systems 385-3/4 down 17-3/4
AFX at a glance - Today\'s UK, European broker recommendations Sharewatch
JP MORGAN Upgrade Overweight from neutral British Energy, cuts target to 560 pence from 605 -- Reiterate Neutral Dexia, raises target to 24.1 eur from 23.1, ups estimates -- Overweight TNT, ups target to 40.4 eur from 39.9 -- Underweight Thales, ups target to 35 eur from 33 -- Overweight Enterprise Inns, ups target to 1,330 pence -- Overweight Telefonica, ups target to 16.80 eur from 16.3 --
Puff piece Louisville Courier-Journal
Typically, you can divide coats into two categories: the practical and the chic. Consequently, on a very cold day, you also can divide coat-wearers into two categories: The frumpy but warm and the stylish but frostbitten. Well, this year, for the first time in a long time, we don't have to choose between common sense and fashion sense. That's because it's the year of the puffy coat — aka The
ROUNDUP Burberry H1 underlying operating profit up 7 pct, ups wholesale guidance FinanzNachrichten
LONDON (AFX) - Burberry Group PLC, ( Nachrichten ) the luxury brand, reported a 7 pct increase in first half underlying operating profit, raised its guidance for second half wholesale sales, and said it expects to meet internal hopes for the full year, sending its shares over 5 pct higher to record levels.
AFX UK Focus 2006-11-14 07:44 GMT: Burberry H1 underlying operating profit rises 7 pct Interactive Investor
LONDON (AFX) - Luxury retail brand Burberry Group PLC reported a 7 pct rise in underlying first-half profits and upped its expectations for wholesale sales in the second-half of the year.
OUTLOOK Burberry H1 underlying profit seen flat Sharewatch
For the six months to Sept 30 analysts are forecasting EBIT (earnings before interest and tax) of about 80 mln stg, compared to 79 mln stg last time. The results will be the first presented by new chief executive Angela Ahrendts.
London shares higher midmorning as Vodafone pleases; miners rally FinanzNachrichten
LONDON (AFX) - Leading shares were higher in opening deals, as well-received results from the likes of Vodafone ( Nachrichten / Aktienkurs ) and ongoing M&A hopes in life insurer Resolution added to a rebound in miners, dealers said.burberry+logo: burberry+logo