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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Archive
FTSE 100 Live: London markets finish the week on a quieter note
Blue-chips have given up most of their early strong gains
DFS Furniture says order volumes are growing with ‘more positive trend’ in upholstery market
"While we continue to be watchful of the macroeconomic environment, we continue to take market share and our market leading position, inherent scale and proven strategy give us confidence in our future prospects," said the company's chief e
DFS Furniture sees full-year profit drop by 43% despite rise in sales
Tim Stacey, DFS chief executive, said: “Looking forward, the UK furniture market continues to be challenging and the outlook for the sector remains uncertain given the macroeconomic environment"
B&M hires DFS finance chief to replace Alex Russo
He will get a base salary of £450,000 per year and will be eligible for a bonus worth up to 150% of his wages
DFS Furniture's shares slide as cost-of-living crisis hits demand
Ongoing COVID-19 linked supply-chain disruption and lower order intake since April meant production and deliveries levels missed expectations.
DFS Furniture profits plummet as COVID-19 hits supply chains; to return £80mln
Strength of second half trading shows double-digit volume and value order intake growth, says chief executive.
DFS reviews cash allocation policy after strong finish to 2021
Full-year 2022 expectations remain unchanged for profit before tax of £66-to-96mln
Archive
Oilex surges as it finalises key Indian gas deal
A look at the major movers on the London market on Thursday
DFS Furniture to swing to full-year profits after strong interim performance
The furniture retailer expects to see a good level of activity in the home market as COVID-19 restrictions ease
DFS Furniture says full-year profit before tax to be within upper half of market consensus
The firm says it is achieving market share gains and benefiting from a shift in consumer spending towards the home
DFS says new England lockdown not expected to impact profits
The company said its online and manufacturing operations will continue over the new shutdown, adding that it has "very strong order bank levels"
DFS Furniture shares are badly undervalued, reckons Shore Capital
The sofa seller trades as a significant discount to other higher-ticket retailers
DFS Furniture swings to full-year loss but forecasts profits next year
The retailer is not recommending a final dividend for the year to June 28, 2020
Archive
Is DFS Furniture sitting pretty, investors await COVID strategy update
DFS and United Utilities are among the names in Thursday's diary.
DFS Furniture boasts strong summer trading
Trading benefitted from consumers spending more on their homes and pent-up demand
DFS Furniture slumps to loss but orders soar after reopening
Higher order intake is expected to add £100mln of revenues in the first half of the current financial year
Temporary VAT cut will provide boost to only some retailers, analysts say
Deutsche Bank said the reversal in VAT rate will likely see prices jump by more than the drop
DFS secures £64mln in premium fundraising to boost balance sheet amid pandemic disruption
The furniture seller said the extra funds meant it had enough liquidity to make it through even a “pessimistic scenario of a lockdown to 2020, followed by a historically weak sofa market”
Archive
Smartspace Software keeping the lights on
A look at some of the major movers in London on Thursday
DFS plans emergency fundraising to cushion blow of extended coronavirus lockdown
Even though deliveries have been suspended, the furniture chain said its websites have taken around £7mln worth of orders in the past three weeks
DFS cancels dividend and closes all operations in UK, Ireland and Spain
After mitigating measures have been put in place, the furniture retailer calculated operating cash outflow will be around £15mln per month from April until stores re-open
DFS Furniture reassures after first-half sales dip
In the six months to 29 December, gross sales were down 6% due to “a challenging consumer environment” and strong comparables
DFS Furniture on track to meet full-year estimates but shares drop on cautious outlook
DFS said weak trading environments make it harder to achieve significant levels of revenue growth
DFS dips as it predicts “particularly challenging” market for 2019
The slightly gloomy outlook overshadowed a strong set of results for the first six months, with pre-tax profits more than doubling to £14.1mln from £6.2mln
Archive
FTSE 100 closes higher as no deal Brexit fears ease
Footsie closed around 26 points higher at 7,185, while FTSE 250 added around 103 points at 19,283
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Thursday's Brexit fallout likely to overshadow Capita and Savills results
Brexit and the latest vote will likely be the main talking point, but there will be financial results too!
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Shifting supermarket landscape the focus with first-half results from Morrison's
Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
Tesco, Next and Ted Baker among the festive winners as high street survives Christmas - but only just
Below we provide a cut-out-and-keep guide to the major quoted retailers and how the quoted retailers performed
DFS Furniture sees strong growth in underlying sales after latent demand, leaves full-year profit expectations unchanged
In a trading update for the five months to 30 December 2018, the sofas and furniture retailer reported underlying gross sales growth of 10% in spite of a challenging consumer environment
Archive
FTSE 100 closes higher as Wall Street shares mixed; optimism over trade talks fades
The Footsie has been dipping below and above the 6,800 mark throughout the day
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Debenhams set to disappoint again on Thursday
“Debenhams hasn’t updated on trading since 25 October and we know from many of its competitors that November was a terrible month for retailers and December is also likely to have been a struggle”
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Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
FTSE 100 closes lower as G20 summit begins and trade worries continue; housebuilders fall
The premier index of UK shares finished down nearly 59 points at 6,980. Mid-cap cousin FTSE 250 shed over 128 points at 18,480.
Archive
Week and month end quietly with DFS AGM and smattering of economic data
The financial diary is looking light for the end of November, with a few scraps in the form of Earthport final results and data from the US, UK, and China
Archive
Christmas lights starting to peek out from under spreadsheets as updates slow in last week of November
The Week Ahead will bring a hotch-potch of updates from the likes of blue-chip Intertek Group, and mid caps Thomas Cook, Pennon, Greene King, Go-Ahead Group, and Britvic
DFS Furniture says annual profit dented by UK summer heatwave
The furniture group has also been hit by a slowdown in the housing market and a tough retail market
Investments and investor services
FTSE 100 closes firmly lower as trade fears, bond yields and sterling rise creates perfect storm
The Footsie closed down nearly 92 points at 7,418, while the other major European benchmarks were also lower.
Investments and investor services
DFS Furniture set to release full year results, have investors already heard the worst?
DFS and Electrocomponents are set to be among Thursday's highlights.
Archive
Jack’s store roll-out in focus as Tesco reports first half results
The week ahead includes Tesco interims, full-year earnings from DFS Furniture and Ferguson, an Electrocomponents trading update and the US non-farm payrolls report
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
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.
Archive
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
Archive
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 ...
DFS Furniture and Sofology couch their differences over branding by agreeing takeover deal
Shares in DFS rocketed after agreeing to buy Sofology for £25mln.
DFS Furniture snaps up rival Sofology for £25mln
DFS, which also announced a new £230mln credit facility with six banks, said it will pay the consideration out of its own resources
Petro Matad rallies on Mongolian licence extension
Risers and fallers: DFS, Next, ANGLE boosted by Barts research, Starcom wins container order, Sprue Aegis delivers bullish AGM
DFS Furniture cuts full year guidance as general election and Brexit uncertainty hurt demand
DFS expects full year earnings to be lower than market estimates after a weaker-than-expected second half
FTSE 100 closes 55 down and UK mid-caps plunge; BoE raises prospect of rate rise
FTSE 100 closed down 55 at 7,419 as retail shares took a beating
FTSE 100 shares fall despite oil gains
FTSE 100 shares closed lower on Thursday, as oil sector gains failed to catch on
Risers and fallers: Berkeley Energia stars as investors lap up placing
DFS's former largest shareholder has cut its stake in the furniture retailer again
Investments and investor services
FTSE 100 stocks sink as US election jitters intensify and sterling surges
FTSE 100 stocks closed sharply lower on Friday – with losers topping 50% of the market for the first time this year - as US election jitters came to a head, non-farm payrolls Stateside did little to bolster global markets, and sterling rose
Trending: Protestors frothing at fracking ruling
Communities Secretary Sajid Javid has approved plans for fracking at Cuadrilla's Preston New Road
Week Ahead: Food price deflation a concern at Tesco
Retail titans dominate the corporate schedule this week
UK stocks higher thanks to Coca-Cola fizz
London stocks closed higher on Thursday after Coca-Cola HBC provided some fizz for the market
Risers & Fallers: Aldermore, ASA Resource, Iofona, Petro Matad, Polemos, Vast Resources
Paternoster Resources has taken a big stake in Polemos, which has done wonders for the latter's share price, but not Paternoster's
Risers & Fallers: Oilex nearly doubles, Pathfinder loses its way
A new service contract shoots up Immedia Group shares.
Risers & fallers: Quixant PLC, Akers Biosciences Inc, Amec Foster Wheeler PLC ..
Main share price risers and fallers in London at 3.45pm
Risers & Fallers: First Quantum, Galasys, IPSA, Motive Television, Plethora Solutions, Tribal Group
AstraZeneca is on a downer after it warns revenue and profits will be lower this year than last but Shell keeps going well