Broker tips: Petropavlovsk, Ladbrokes, Retailers
6th Jun 2012 11:14
UBS has upgraded its rating for Russia-focused gold group Petropavlovsk from neutral to buy on the back of the recent share-price underperformance and weakness in the rouble. However, UBS has cut its target price from 650p to 630p after lowering its 2012 earnings per share (EPS) forecast by 22% to
Read moreBroker snap: Forecasts for retailers have 'moved from the nadir'
6th Jun 2012 11:04
Peel Hunt has named its top picks and top risks as part of its review of the general retail sector, saying that while the category has enjoyed a strong start to 2012, the recovery is likely to be a long haul. "Outperformance across the retail sector continues to be earnings- driven and stock-specif
Read moreFriday broker round-up -UPDATE
25th May 2012 09:16
Aggreko: HSBC upgrades from neutral to overweight. Bumi: Nomura slashes target to 860p from 1,000p, stays at neutral. British Petroleum: Credit Suisse retains outperform, cuts target to 540p from 550p. ARM Holdings: UBS upgrades from neutral to buy, target lifted from 620p to 630p. BAE Systems
Read moreSoaring international sales give ASOS a boost
24th May 2012 12:54
Online retailer ASOS has reason to celebrate after seeing a leap in earnings following a strong year of expansion of its International business, which more than doubled sales. Total retail sales grew 49% to £481.6m (2011: £324.1m), with international operations now accounting for 59% of these (201
Read moreThursday broker round-up - UPDATE
24th May 2012 09:27
ARM Holdings: Jefferies reiterates buy recommendation and 485p target. ASOS: Investec keeps hold rating and 1,250p target. AstraZeneca: AlphaValue upgrades to BUY from add. Booker: Panmure Gordon upgrades from hold to buy. Bowleven: UBS slashes target from 105p to 70p, neutral rating unchanged.
Read moreThursday preview: United Utlities, ASOS, UK GDP
23rd May 2012 16:13
Tin hats will need to be at the ready on Thursday morning as a barrage of company results is expected. With the market in disarray again, the defensive qualities of United Utilities (UU) might interest a few risk averse investors. The company has already issued a pre-closed period trading update i
Read moreFriday broker round-up - UPDATE
27th Apr 2012 09:21
AstraZeneca: Credit Suisse maintains underperform rating and 2,600p target. ASOS: HSBC upgrades from neutral to overweight, target cut from 1,900p to 1,780p. Barclays: Nomura reiterates neutral recommendation and 268p target. British American Tobacco: Jefferies maintains buy recommendation and 3,
Read moreASOS shredded after overseas sales growth disappoints
26th Apr 2012 16:37
Fast growing online fashion retailer ASOS did not grow fast enough for the City's tastes in the final quarter of its financial year. Group revenue increased to £127.1m in the three months ended 31 March 2012 compared to £96m the same period a year earlier. That figure was well below the £138.4m exp
Read moreASOS sticks by profits guidance despite top-line miss
26th Apr 2012 07:19
Online fashion retailer ASOS revealed a 33 percent increase in fourth quarter revenue and says it remains confident of reporting full year pre-tax profit in line with company expectations. Group revenue increased to £127.1m in the three months ended 31 March 2012 compared to £96m the same period a
Read moreTuesday broker round-up - UPDATE
21st Feb 2012 09:00
Admiral: Nomura reiterates buy recommendation and 1,100p target; Credit Suisse upgrades to outperform from neutral, lifts target from 1,100p to 1,300p. Morrison: Goldman Sachs adds to conviction sell list. Petropavlovsk: Nomura upgrades from reduce to neutral, target upped from 860p to 910p. Aber
Read moreBroker tips: Pearson, KESA, ASOS
19th Jan 2012 11:09
Nomura has maintained its reduce rating and 1,130p target price on Pearson, despite the publishing giant raising earnings guidance on Thursday. According to Nomura, "The organic growth rate we think is unlikely to much exceed 1% for FY11 (vs. our current 2% forecast), and tough conditions in North
Read moreBroker snap: Collins Stewart remains a buyer of ASOS
19th Jan 2012 11:07
Collins Stewart has reiterated its buy rating on online clothes seller ASOS after the firm said that third quarter sales jumped 46% year-on-year, underpinning full-year expectations. The broker says that the stock should react positively to this strong update and they did, rising 18.63% to 1,770p i
Read moreThursday broker round-up - UPDATE
19th Jan 2012 09:52
Tesco: Goldman Sachs downgrades to neutral from buy. Morrison: Goldman reiterates sell. Sainsbury: Goldman downgrades to sell from neutral. Tobacco (sector): Nomura downgrades sector view from bullish to neutral. Tesco: AlphaValue downgrades to add from buy, raises target to 402.90p from 401.4
Read moreASOS to hit full-year targets
19th Jan 2012 08:21
Fast growing ASOS needs to keep churning out sparkling updates to retain its glamour stock status, and the online clothes seller did not disappoint with its performance in the final three months of 2011. The group said that retail sales over the period - the third quarter of ASOS's fiscal year - ro
Read moreThursday preview: ASOS, William Hill, AB Foods
18th Jan 2012 16:00
Attention will be back on the retail sector on Thursday with Primark-owner Associated British Foods due to report, and fast-growing Internet retailer ASOS weighing in. Meanwhile, the 'pint and a punt' constituency are served by updates from brewer SABMiller and bookmaker William Hill. ASOS's tradin
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