Next, M&S, Kingfisher, WH Smith and Dunelm shares to benefit from improved retail outlook, says RBC
RBC’s preferred stocks are Next and Primark owner Associated British Foods
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LON:SMWH
WHSmith PLC has 548 high street stores and 433 travel outlets at airport, train station, hospital and motorway service area locations across the UK which sell a wide range of newspapers, magazines, stationery, books and entertainment products.
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RBC’s preferred stocks are Next and Primark owner Associated British Foods
Peel Hunt reiterated a 'buy' recommendation on WH Smith and raised its target price to 2,550p from 2,500p, saying "there is much to like in today's interims".
Holiday cheer as airline stocks gain on hopes holidaymakers will put Brexit concerns aside for summer
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Less of a newsagent nowadays but could WH Smith be set to increase payouts to shareholders.
The FTSE 250 newsagent said total sales for the 20 weeks to 19 January were up 6% while like-for-like sales were flat, however, its travel arm saw stronger LFL growth of 3%
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Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
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Updates will be coming thick and fast from both the FTSE 100 and FTSE 250 on Wednesday
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The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
The company said Swann – formerly CEO of WH Smith - will leave her role at the end of May 2019 and will be succeeded by Simon Smith, who is currently the UK and Ireland CEO
“Our knee-jerk reaction to the InMotion deal was upbeat and, the more that we look at it strategically, the more excited we become,” said Peel Hunt analysts
The FTSE 250-listed retailer pointed out that the acquisition will double the size of its fast-growing international travel business and said it expects the purchase to be earnings per share accretive in the first full financial year after
RBC prefers Next and WH Smith and has an 'outperform' rating on these stocks
Toys R Us, High & Mighty, Jacamo, Simply Be, GAME, Staples, MFI, Athena, Unipart, Tie Rack, Blockbuster, Barratts (shoes), Jessops, JJB Sports, Shoe Express and many other famous names have all disappeared from the UK High Street or retail
“During an encouraging second half, the High Street business traded well and we quickly identified the latest trend in the market, becoming a one-stop-shop for all slime related products," said Stephen Clarke, the group's CEO
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The UK blue-chip benchmark finished down nearly 139 points lower at 7,006 - not far from the 7,000 mark
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Solid results from sector peer PageGroup should give Hays shareholders cause to feel optimistic
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The week ahead sees updates from N Brown, WH Smith, Hays, PageGroup, Greggs, RPC Group and Marston's
The retailer is trying out a new format on its high street estate - one where, perhaps, it fits threadbare carpets from the off rather than letting them become so - but the main focus remains on its travel-hub outlets
In the currency markets, the pound is down 30% against the US dollar, while the pound is up 0.26% against the Euro..
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Retailer WH Smith heads the highlights for Thursday's schedule.
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The week ahead will see interims from the Restaurant Group, Petrofac, Hunting and Bunzl along with full year results from Hays and a trading update from WH Smith
The retailer has been pulling investment from its high street stores and putting it into the ‘travel’ side of its business, which is benefitting from an increase in plane and rail passengers
A look at some of the biggest risers and fallers in London on Wednesday
WH Smith has been shifting investment from its ailing high street stores to its travel business, which is proving to be a “masterstroke”
The UK's premier index added over 25 points at 7,712, with resource stocks taking up four of the top five positions.
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The expectation is that, as per usual, the newsagents outlets in travel hubs will offset the long, slow decline of the high street estate
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Aside from a trading update from WH Smith, the Week Ahead will also bring full-year results from the likes of AO World, CMC Markets, Auto Trader, and MITIE Group
The customers complained about the books and stationery retailer’s customer service and labelled it a “horrid shop”, Which? said on its website
Good passenger traffic boosted international airport revenues
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The UK blue-chip benchmark closed 1.20 points, or 0.02% at 7,258..
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It looks like it will be the same old story for WH Smith, with sales flying in travel but challenges remaining in its high street stores
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The week ahead includes full-year results from Tesco and Saga, interims from ASOS, WH Smith and McCarthy & Stone, and trading updates from Robert Walters, Hays and PageGroup
WH Smith said it is well positioned for the year ahead despite uncertainty in the broader economy
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“If he intended it, Treasury Secretary Steven Mnuchin has done a first class job of whacking the dollar,” declared Neil Wilson at ETX Capital. .
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The day ahead includes trading updates from Wetherspoons, WH Smith, Fevertree and Sage Group
Deutsche Bank downgraded its rating on Carpetright but upgraded ASOS as it took a look at the European non-food retail sector
WH Smith hiked its final dividend by10% as it sounded a confident note on the retailer's outlook
In a joint news conference held later in the day, Barnier admitted that some progress had been achieved on citizens' rights and Ireland's common travel area
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Sky updates the market on Thursday as the takeover target carries on business as usual.
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The Week Ahead includes trading updates from media firms Sky PLC and Trinity Mirror PLC, as well as news from defence group BAE Systems PLC, and minutes from the FOMC meeting
WH Smith said its travel stores continued to drive growth this year while it made cost savings and margin improvements to its high street stores
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London's FTSE 100 was trading steadily in Wednesday afternoon's exchanges.
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The day ahead includes a trading update from books to stationary retailer WH Smith, and results from HSS Hire PLC and Petrofac Limited ...
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The week ahead includes results from Bunzl PLC, Hays, PLC, Ladbrokes Coral PLC, a trading update from WH Smith PLC, and the September US jobs report
The retailer said total sales at its Travel business – which runs concessions at airports, railway stations, and motorway service areas - were up 8%, with like-for-like sales up 5%
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To say opinions are divided on Tesco would be to imply that someone actually likes them ...
WH Smith has lifted its interim divided 9% after delivering first half profit growth on the back of cost saving measures
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Tesco is expected to underline recent progress and that legacy issues are being dealt with
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Week ahead: Tesco, Pagegroup, Hays, JD Sports, WH Smith ...
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Tesco is expected to underline recent progress and that legacy issues are being dealt with.
Barclays' analysts expect WH Smith to report over £100mln of International revenues in full-year 2017, up from just around £10mln in full-year 2011
In early morning trading, WH Smith shares topped the FTSE 250 leader board, up over 3.5%, or 62p at 1,683p.
“An upgrade in the Travel Division is very unusual to start with,”said Haitong.
The FTSE 250-listed firm said like-for-like sales for its travel business - which includes outlets at airports and railways stations – were up 5% for the 21 weeks to January 21.
In New York, the US blue chip index was up over 150 points to 20,064, the first time it has exceeded the psychologically significant 20,000 level in intraday trading.
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Lots of big names reporting this week including: BHP, Dixons Carphone, easyJet, Diageo, Sky, Unilever and BT
The analysts pointed out that WH Smith had been on Deutsche Bank’s Buy list for over 8 years before they downgraded their recommendation at the beginning of 2016.
Sales were boosted by the success of the Zoella book club established in June, the firm revealed
Largest share price rises and falls in London at 3.30pm
A look at next week's corporate offerings, which include big names like Sky and Marston's and WH Smith
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Jefferies International has seemingly lost faith in communications groups, as it downgraded its target prices for Sky PLC (LON:SKY), TalkTalk Telecom Group PLC (LON:TALK), BT Group PLC (LON:BT) and Vodafone Group PLC (LON:VOD).
The retailer posted saw buoyant trade in its airport and railway station stores as high street revenues dropped again
Main share price risers and fallers in London at 4.00pm
Investors will want to know how Tesco’s performance stacks up against discounting rivals Lidl and Aldi, as well as main market competitors like Sainsbury, Asda and Morrisons.
Major share price risers and fallers today at 4.15pm
The struggling mining giant is scheduled to release its numbers at 9.30pm on Tuesday.
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A Shire spokesperson said: "We don't comment on rumour/speculation."
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Below are the main news-driven share price movements at 4pm.
Pace of sales growth in emerging markets remains high for Unilever - we will see how the rest of the business is faring later.
Next week looks busy on both the macro and corporate front, kicking off with a round of Central Bank speeches on Monday, including from the USA and Canada.
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Britain's top share index closed down 37 points on Thursday.....
UK shares, were decidedly lower as UK retail sales numbers put a dampener on sentiment but China was the big trigger.
The dollar slipped 0.4% after Fed minutes sparked more uncertainty
Pundits are no wiser after yesterday's policy statement as to the timing of the long-expected interest rate hike.
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Deutsche Bank said the timing and drilling locations for three wells in Senegal could be unveiled. While they are in deep waters off the coast of west Africa, they aren’t technically challenging.
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Metminco said it knows no reason for the rise in its share price but investors were quick to take to the bulletin boards with suggestions.
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Arria NLG was the best performer today as it held out hope of a funding package.
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The UK’s main index opened fairly flat this morning as concerns over Greece continue to weigh on stocks.
WH Smith continues to move its business away from the High Street, focussing on its in-station travel stores, which outperformed High Street stores in the 13 weeks to 30 May.