Dark day for major retailers as disappointing news sends shares sliding across the board
Three major retailers saw their share prices hammered after releasing trading updates
Company
Dongfang Shipbuilding (Group) Company Limited
LON:DFS
Incorporated in Singapore, with offices in Mainland China and Hong Kong, Dongfang Shipbuilding (Group) Company Limited ("Dongfang" or "The Group") has nearly 25 years of experience building advanced ships according to high international standards using green technology. The Company's principal subsidiary, Dongfang Shipbuilding (Group) Co., Ltd (“DF Shipbuilding” or “Dongfang Shipbuilding”), was founded in 1986 as a shipbuilding and ship repair company.
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DFS Furniture expects lower 2018 profits after heatwave and supply issues hit sales
DFS Furniture sees like-for-like sales falling 3% in the 23 weeks to July 7
Jefferies upgrades DFS to ‘buy’, says the furniture retailer is ‘back on track’
“We like DFS’s sofa market leadership and ability to flex its operating costs to deliver growth in profits,” analysts at Jefferies said
G4S higher as HSBC ups to ‘hold’ from ‘reduce’, with increased target price, citing valuation grounds
A look at some of the biggest risers and fallers in London on Wednesday
FTSE 100 consolidates gains to close higher but miners weigh
The UK blue-chip index finished over 44 points higher at 7,044, but big miners tempered gains
Archive
Utilities dominate week ahead with updates from Pennon, United Utilities and SSE
The week ahead includes trading updates from Pennon, United Utilities and SSE, along with interims from DFS Furniture and full year results from Moss Bros and AG Barr
DFS Furniture's first half sales boosted by Sofology acquisition
DFS continues to expect modest growth in underlying earnings for the year
Investments and investor services
FTSE 100 closes firmly lower as strong pound weighs
The FTSE 100 index – which is chock full of dollar earners – closed around 108 points lower at 7,170
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Smith & Nephew, Bellway and Compass to provide Thursday’s City highlights
Smith & Nephew, Bellway Plc and Compass are on the Thursday's agenda.
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Bank of England rate decision eyed, plus numbers from blue chips BP and Glaxo in coming week
After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
Investments and investor services
Prospex Oil and Gas boosted by new discovery, Petro Matad pinched by US$16mln placing
A look at some of the top risers and fallers in London today.
DFS Furniture reports 13% drop in underlying earnings, blaming "very challenging" markets
The small cap firm – which had warned on profits in June – said its underlying earnings (EBITDA) fell to £82.4mln in the 52 weeks ending July 29, down from £94.4mln a year earlier and at the lower end of the company's forecasts
FTSE 100 closes firmly in positive territory as sterling slides
The FTSE 100 rose to within a couple of points of 7,500 after US markets opened higher
Investments and investor services
Investors cautiously await DFS Furniture financials
DFS in August cautioned that earnings would be at the lower end of guidance.
Archive
Tesco and Greggs to give a taste of high street conditions; hurricanes could have blown away US jobs
Week ahead to include first half results from supermarkets giant Tesco PLC, an update from high bakery chain Greggs PLC (LON:GRG), and the latest US jobs data
AB Dynamics shares rev up after receiving largest-ever order for driving robots
A look at some of the biggest risers and fallers in London today
DFS Furniture shares tumble after second-half revenue hit by economic uncertainty
DFS Furniture said the uncertainty around the UK general election, an unclear economic outlook and warm weather dented footfall
FTSE 100 plunges on North Korea fears
The FTSE 100 finished 108 points lower at 7,390, about 13 points above its intra-day low
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Prudential's chief Mike Wells to face questions on rumoured break-up at first half results
Prudential, Glencore and DFS Furniture are among the companies reporting results on Thursday
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Insurers and fund mangers in the earnings frame, notably Standard Life, Prudential and L&G
Week ahead: Results from Standard Life PLC, Prudential PLC, Legal & General Group PLC, Paddy Power Betfair PLC, Intercontinental Hotels PLC , G4S PLC, Glencore PLC ...