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Demerged DIY retailer Wickes rides home renovation boom

Shares in Wickes (WIX) were among the main FTSE 250 risers on Tuesday, bid up 5% to 268.5p. The DIY retailer spun out of Travis Perkins (TPK) in April, surprised investors with a positive trading update.With sales growth tracking...

01 June 2021
Reopening rally: is there more to go?

The opening of indoor hospitality on 17 May was the penultimate step on the Government's roadmap towards the complete removal of restrictions on 21 June, notwithstanding the threat of new variants.The UK's successful vaccination...

27 May 2021
Kingfisher upgrades guidance following first quarter sales surge

High-flying retailer Kingfisher (KGF) has reported bumper first quarter sales and raised guidance for the first half of its financial year as the home improvement giant continues to ride the Covid-driven DIY boom.Management now...

20 May 2021
Wincanton hits 10-year high after raising forecasts

Shares in logistics group Wincanton (WIN) jumped 5% to 390p, their highest level in over a decade, after the company increased its forecast for profits for the year to March and painted an optimistic picture for the coming year.The...

31 March 2021
Emerging markets: Views from the experts

1.The strength of China's economic recovery is unparalleled, in our view. The skill and speed with which authorities dealt with the Covid-19 pandemic resulted in a V-shaped recovery that we believe bodes well for continued strength...

25 March 2021
Travis Perkins shares reach year high as it readies Wickes demerger

Shares in Travis Perkins (TPK) perked up 0.6% to £15.95, a fresh one-year high, after the builders' merchant resumed the demerger process of its DIY chain Wickes, which it plans to spin out and list on London's main...

24 March 2021
FTSE brushes off vaccine spat, travel pressure and Turkey crisis to close higher

London shares ended Monday moderately higher despite volatility earlier in the day due to a vaccine spat between the EU and UK, pressure on the travel sector and a currency crisis in Turkey.The UK's benchmark FTSE 100 index closed...

22 March 2021
FTSE shrugs off falling airline stocks to turn positive

London shares have turned positive after up and down morning trading on Monday as pressure on the travel sector, a currency crisis in Turkey and a vaccine spat between the EU and UK led to volatile trading.By lunchtime, the UK's...

22 March 2021
Kingfisher continues to ride the DIY wave

Home improvement retailer Kingfisher (KGF) gained 6% to 331.3p as full year results offered further evidence of a DIY boom.The B&Q-owner resumed its full-year dividend after reporting a rise in annual profit as higher sales and...

22 March 2021
London shares fall as commodities, Turkey and vaccines spat weigh on optimism

The UK's major stocks fell on Monday with investors worried about the stability of recovery as the EU's threat to withhold vaccine exports to the UK added to the tetchy mood on the London market.The benchmark FTSE 100 declined...

22 March 2021
Silver spenders: Vaccinated and ready to reclaim their lives

It might not seem like it in the depths of a gloomy lockdown winter, but brighter days are ahead of us. By mid-February the UK hopes to have vaccinated most over-70s, with a large chunk of over-50s potentially covered by the end of...

04 February 2021
Brexit deal and vaccines: Why UK stocks can break free from lockdown shackles

We are championing UK stocks despite the introduction of the latest lockdown measures. For more than four years London-listed shares have trailed in the wake of nearly all other major global markets, but the early Christmas present...

14 January 2021
FTSE 100 closes lower as Covid concerns continue to drag

The downward pressure on London equity markets lasted throughout the Tuesday session as investors continued to worry about the impact of the UK's nationwide lockdown and stiffer restrictions elsewhere.At the close, the benchmark...

12 January 2021
FTSE 100 slide accelerates at lunchtime as Covid worries stay front and centre

The downward pressure on London equity markets continued into the early afternoon as investors continued to worry about the impact of the UK's nationwide lockdown and stiffer restrictions elsewhere.At 12.30pm, the benchmark FTSE...

12 January 2021
Kingfisher continues to ride lockdown-driven DIY boom

Shares in home improvement retailer Kingfisher (KGF) climbed 2.7% to 287.5p on Tuesday as the B&Q-to-Screwfix owner reported an acceleration in fourth quarter like-for-like sales growth amid continued 'strong' demand and assured it...

12 January 2021
FTSE flat early on as upgrades lend support, Kingfisher climbs as DIY boom continues

London's FTSE was flat at the open on Tuesday, edging a mere 0.03% higher to 6,800.19, as concerns over the economic impact of a third nationwide lockdown were offset by a flurry of earnings upgrades.KINGFISHER CLIMBSHome...

12 January 2021

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