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Story In Numbers
14 days: FTSE 100 win streak
Thursday 19 Jan 2017The UK’s blue chip benchmark saw its winning run, which stretched to 14 consecutive days of gains, come to an end on Monday 16 January. Gains are partly a reflection of earnings forecasts for UK-listed corporates which, according to Bank of America estimates, are set to grow 21.1% in 2017 driven by...
£29m: Debenhams profit plunge
Thursday 19 Jan 2017Pre-tax profit at Debenhams ( DEB ) looks set to drop £29m to £85m over the two years to August 2018, according to analysts at Haitong. New chief executive Sergio Bucher, recruited from Amazon in 2016, will in April tell shareholders how he expects to turn around the department store’s fortunes...
12: Super Thursday updates
Thursday 19 Jan 2017Trading updates from 12 retailers in one day on so-called super-Thursday (12 Jan) provided a media frenzy but did not impress Shore Capital’s retail veteran Clive Black. ‘Finance directors and investor relations executives should hold their heads in shame at the chaotic volume of information...
1,600%: Hong Kong IPO gains
Thursday 19 Jan 2017A craze in Hong Kong for initial public offerings (IPOs) saw shares in newly-listed Bar Pacific (8432:HKG) climb 1,600% at one point on its stock market debut. Bar Pacific raised HK$45m (£4.8m) through the IPO and its market value gained HK416m by the end of the day, up 1,297% at the close. Ten...
56.1: Manufacturing PMI
Thursday 12 Jan 2017UK manufacturing recorded its strongest performance in the last two-and-a-half years in December amid a slew of positive UK economic data. Construction and services industries in the UK also exited 2016 with strong momentum. Purchasing Manager’s Indices produced by Markit showed a reading of 56.1...
199 years: Johnson exits laundry
Thursday 12 Jan 2017After 199 years in the drycleaning business Johnson Service ( JSG:AIM ) is selling its chain of retail stores to focus squarely on its industrial scale commercial cleaning division. Timpson is buying Johnson’s 200-store estate, which generated a 2015 adjusted operating profit of £2m, for £6.5m...
143,000 tonnes: Accrol’s toilet roll
Thursday 12 Jan 2017Tissue paper supplier Accrol ( ACRL:AIM ) now has capacity to produce 143,000 tonnes of toilet roll a year after investment in a new Lancashire conversion facility. Bigger output capability at Accrol, which buys standard paper from mills and converts it into tissue products stocked in stores,...
85 football fields: Safestore’s self-storage
Thursday 12 Jan 2017Favourable market trends helped the UK’s leading self-storage operator Safestore ( SAFE ) grow earnings per share 78% in the last three years, according to results released 9 Jan. Safestore has 5.6m square feet of self storage space, equivalent to around 85 football fields, mainly in London and...
FTSE 350 in a Month
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Equity Income Funds
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