Tuesday, 21st April 2015

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News & Reports

AB Foods profits stumble as surging Primark growth constrained by currencies

Tue 21st Apr 15, 07:08:57

Profits at Associated British Foods fell in the first half as the surging performance of its Primark fast-fashion chain was outweighed by a weaker sugar business.

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Europe open: Indices gain ahead of German economic confidence report

Equity indices in the Eurozone gained as investors pondered developments in Greece and awaited a report that is expected to show German economic confidence rose in April. 50 minutes ago

Market overview: Greek bond yields edge higher

0904: Greek 10-year bond yields are now at 13.43%,up by 10 basis points on yesterday´s close, but two basis points off the intra-day highs thus far. 35 minutes ago

ARM Holdings paints bright picture after topping guidance in first quarter

Smartphone and tablet microchip designer ARM Holdings beat its own guidance with a 14% jump in dollar revenues in the first quarter of 2015, as it delivered an upbeat outlook for the rest of the year. 2 hours ago

Citi ups target for Tesco on sector re-rating

On Wednesday morning analysts at Citi expect Tesco will announce a fiscal year trading profit just below the company-compiled consensus forecast, despite which they have upped their target price on the shares. 2 hours ago

London pre-open: Positive start expected ahead of quiet session

UK stocks are expected to open with small gains on Tuesday as the Footsie resumes its push back towards record highs ahead of a quiet day for economic data. 2 hours ago

Sky profits up 20% after best UK quarterly growth in 11 years

Third-quarter results from Sky generated the most growth in 11 years, it said, as near 70% growth in new customers fed through to a 20% increase in operating profits over the financial year to date. 1 hour ago

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