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Market report: Imperial Brands puffs higher, Photo-Me falls on accounts delay concerns

London’s FTSE 100 rose 15 points to 7,568 on Monday with strength in miners and tobacco stocks helping to offset weakness in banking and utilities names. European markets were less volatile than those in Asia, where big declines were seen across China, Hong Kong, India and Japan. Market chatter suggested that investors were no longer betting on sharp interest rate cuts in the US and so appetite ...

Market report: Superdry bruised as board walks out, warning from Photo-Me, CMC squeezed by new rules

The ramifications at fashion chain Superdry (SDRY) continue in early trade on Wednesday as investors mull the impact of yesterday’s narrowly supported return of founder Julian Dunkerton. Shareholders voted for the charismatic clothing entrepreneur to take a place back on the board by the thinnest of margins, getting 50.75% of votes to back his bid to return. But that has led to more ...

Market report: UK market treads water while Interserve implodes under debt restructuring plan

UK stocks are slightly lower in early trade with the FTSE 100 giving up 8 points or 0.1% to 6,770 points while European markets drop further on growing trade concerns. Classic defensive sectors like Beverages, Pharmaceuticals and Tobacco are steadying the ship while cyclical sectors such as Oil Services and Technology are weighing. However Utilities, which are usually considered ...
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