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    FCCN   GB0033764746

FRENCH CONNECTION GROUP PLC

(FCCN)
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London stocks retreat as coronavirus, Brexit doubts weigh

10/13/2020 | 04:53am EDT

 (For a live blog on European stocks, type LIVE/ in an Eikon
news window)
    * Johnson & Johnson suspends COVID-19 vaccine trials
    * All eyes on EU summit for progress on Brexit trade deal
    * French Connection Group tumbles as sales plunge
    * FTSE 100 falls 0.5%, FTSE 250 drops 1.5%

 
    By Devik Jain
    Oct 13 (Reuters) - London's mid-cap index fell from
four-month highs on Tuesday on concerns around the timeline of a
COVID-19 vaccine as well as uncertainties over a Brexit trade
deal with the European Union ahead of a self-imposed UK
deadline.
    The domestically focussed FTSE 250        , considered a
barometer for Brexit sentiment, sank 1.5%, while the blue-chip
FTSE 100         slipped 0.5%.
    Prime Minister Boris Johnson and the head of the European
Commission are set to discuss Brexit negotiations on Wednesday
afternoon ahead of the EU summit on Oct. 15, while the German
Europe minister said the EU will have to step up preparations
for a no-deal possibility.                          
    Sentiment was also hit by news that Johnson & Johnson
        had paused its COVID-19 vaccine candidate clinical
trials due to an unexplained illness in a study participant,
delaying a high-profile effort to contain the global pandemic.
            
    "Because of how important the vaccine would be for various
economies, a delay in that would mean possibly having to live
with the virus for longer and maybe more negative economic
outlook," said Simona Gambarini, markets economist at Capital
Economics.
    Signs of progress on a COVID-19 vaccine and a raft of global
stimulus have helped UK equity benchmarks rise from their
coronavirus-driven lows in March, but they have lagged their
U.S. and European peers as data points to a slowing domestic
economic recovery.
    Figures on Tuesday showed Britain's unemployment rate rose
more than expected in the three months to August to its highest
in more than three years and new restrictions announced on
Monday are likely to make that level worse, analysts said.
    Separate surveys showed British consumers ramped up their
spending sharply last month, while grocery sales growth
accelerated in September.                          
    Shares of Tesco Plc          and WM Morrison Supermarkets
Plc         closed up more than 1%.
    In company news, clothing retailer French Connection Group
Plc          tumbled 19.6% after posting a plunge in first-half
sales due to the health crisis.             

 (Reporting by Devik Jain in Bengaluru; Editing by Arun Koyyur
and Lisa Shumaker)
  
 
 

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRITISH POUND (EUR/GBP) -0.04% 0.85783 Delayed Quote.-3.84%
FRENCH CONNECTION GROUP PLC -0.63% 19.575 Delayed Quote.92.38%
FTSE 100 0.65% 7134.06 Delayed Quote.10.43%
FTSE MID 250 INDEX 0.55% 22734.13 Delayed Quote.10.96%
MSCI UNITED KINGDOM (STRD) 0.49% 1178.462 Real-time Quote.13.75%
S&P UNITED KINGDOM (PDS) 0.61% 1420.05 Delayed Quote.10.88%
TESCO PLC 1.58% 231.6 Delayed Quote.0.09%
WM MORRISON SUPERMARKETS PLC 0.51% 175.75 Delayed Quote.-0.90%
All news about FRENCH CONNECTION GROUP PLC
04/28FRENCH CONNECTION  : Earnings Flash (FCCN.L) FRENCH CONNECTION GROUP Reports FY2..
MT
04/28FRENCH CONNECTION  : Earnings Flash (FCCN.L) FRENCH CONNECTION GROUP Reports FY2..
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03/02LONDON STOCK EXCHANGE : FTSE 100 ends higher ahead of budget announcement, midca..
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03/02FRENCH CONNECTION  : window shopping for offers again as suitor backs out
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03/02FRENCH CONNECTION  : Battered retailer French Connection seeks offers as suitor ..
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03/02Deals of the day-Mergers and acquisitions
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03/02FTSE 100 ends higher ahead of budget announcement, midcaps shunned
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02/08SPORTS DIRECT INTERNATIONAL  : Frasers Offloads 25% Stake in French Connection
MT
02/05FRENCH CONNECTION  : Shares Soar 38% On Potential Takeover Offers
MT
02/05FRENCH CONNECTION  : British retailer French Connection receives takeover approa..
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More news
Financials
Sales 2021 71,5 M 101 M 101 M
Net income 2021 -19,7 M -27,8 M -27,8 M
Net Debt 2021 21,4 M 30,2 M 30,2 M
P/E ratio 2021 -0,53x
Yield 2021 -
Capitalization 18,9 M 26,7 M 26,7 M
EV / Sales 2020 0,38x
EV / Sales 2021 0,44x
Nbr of Employees 626
Free-Float 19,1%
Chart FRENCH CONNECTION GROUP PLC
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French Connection Group PLC Technical Analysis Chart | FCCN | GB0033764746 | MarketScreener
Technical analysis trends FRENCH CONNECTION GROUP PLC
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Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts 1
Average target price
Last Close Price 0,20 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
Managers and Directors
NameTitle
Stephen Anthony Solomon Marks Chairman & Chief Executive Officer
Lee James Williams CFO, Secretary & Executive Director
Neil Pryce Williams Chief Operating Officer & Executive Director
Sarah Curran Independent Non-Executive Director
Neil Lloyd Page Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
FRENCH CONNECTION GROUP PLC92.38%27
INDITEX20.28%118 011
KERING24.98%112 076
FAST RETAILING CO., LTD.-10.78%76 754
ROSS STORES, INC.-2.22%42 883
HENNES & MAURITZ AB22.53%41 904