Investments and investor services
Brokers: Mixed day for the retailers
Dixons Carphone and Dunelm were given the thumbs up, while Kingfisher and next were downgraded by broker Nomura
Company
LON:DNLM
Dunelm Group PLC is a specialist out-of-town homewares retailer providing a range of products to a customer base, under the brand name Dunelm Mill.
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Investments and investor services
Dixons Carphone and Dunelm were given the thumbs up, while Kingfisher and next were downgraded by broker Nomura
London’s blue chips rallied after a weak start as interest rates dominated sentiment across Europe.
Waterstones seems glad to get shot of Amazon's Kindle from its stores.
Footsie eased 7 points lower at 6,329 even though there were good gains overnight for markets in the US and Shanghai.
Investments and investor services
Below are the main news-driven share price movements at 4pm.
The explosive sales growth from home delivery is tailing off, but the bricks & mortar stores saw an acceleration in LFL sales
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The FTSE 100 ended 1.1% or 73 points to 6,155, with miners weighing heavily on the index following the data from Asia.
The homewares retailer said bed linen and furniture proved popular with shoppers.
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Darty, Dixons and Dunelm are all expected to report - and that's just the retailers beginning with the letter D ...
Consumers have never had it so good, says UBS, which is not necessarily good news for retailers.
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The fall-out from Wednesday’s Budget will clearly be a big topic on Thursday but also in focus will be a trading statement from Barratt.
We had conflicting messages from the housing sector last week, so trading updates from Bovis, Barratt and Taylor Wimpey might provide more clarity.