Sunday share tips: B&M European Value, Gym Group, Burford Capital, CVS, Joules
3rd Jul 2016 15:51
(ShareCast News) - Buy shares in B&M European Value Retail said the Sunday Times' Inside the City column. As the referendum decision to leave the EU sends the economy into a recession, discounters like B&M should do well. The business model is to attract customers with value groceries and then offer
Read moreCredit Suisse cuts targets on M&S and Next
24th Jun 2016 13:40
(ShareCast News) - Analysts at Credit Suisse slashed their target prices for Marks&Spencer and Next stock on the back of expectations for lowering economic growth in the UK and weakness in sterling. The Swiss broker said that following the referendum result it now expected British GDP to shrink by 1
Read moreTuesday broker round-up
31st May 2016 11:56
(ShareCast News) - B&M European Value: Retail HSBC reiterates buy with a 410p target. Zoopla: Jefferies stays at buy with a 430p target. Royal Dutch Shell "a": UBS reiterates buy with a target price of 1950p and HSBC stays at buy with a 2000p target. Ultra Electronic Holdings: JP Morgan reiterates
Read moreFriday broker round-up
27th May 2016 16:29
(ShareCast News) - B&M European Value: Retail Jefferies reiterates buy with a 330p target and Citigroup keeps at buy with a target of 345p. Standard Life: Jefferies stays at buy with a 403p target. United Utilities: JP Morgan reiterates overweight with a target price of 1020p and Exane BNP Paribas
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
Read moreMonday broker round-up
21st Mar 2016 18:26
(ShareCast News) - Gulf Keystone: Canaccord downgrades to sell with a target price of 14p. B&M European: UBS reiterates buy, 350p target. Ascential: Goldman Sachs reiterates buy with a target price of 278p and Exane BNP Paribas stays at neutral with a target price of 250p. Premaitha Health: Panmur
Read moreFTSE 250 movers: Underdone Restaurant Group drives market down
14th Jan 2016 15:39
(ShareCast News) - The FTSE 250 fell sharply on Thursday, down 259.61 points (1.55%) to 16,436.16 by mid-afternoon. Restaurant Group's year-end trading update came out undercooked after it revealed sales slowed in the final weeks of the year, with the market expecting a boost from the favourable cin
Read moreB&M posts strong sales growth despite challenging conditions
14th Jan 2016 09:10
(ShareCast News) - Strong sales in the UK have boosted B&M European Value Retail's total revenues. The FTSE 250 company issued a trading statement for the 13 weeks to 26 December 2015 on Thursday. Total group revenue was up 23.5% for the quarter on a constant currency basis from £527.9m in 2014 to
Read moreFTSE 250 risers: Oil prices and volatile China sees shares drop
6th Jan 2016 15:09
(ShareCast News) - The FTSE 250 was left sitting in a puddle by mid-afternoon Wednesday, down 184.25 points (1.07%) at 17,020.78. Low oil prices were to blame for the second tier market's biggest faller Tullow Oil as well as Cairn Energy. Both Brent Crude and West Texas Intermediate sank below $35 a
Read moreB&M European swings to interim profit as new stores boost revenue
17th Nov 2015 08:34
(ShareCast News) - Value retailer B&M European swung to an interim profit, as new store openings boosted revenue growth. In the 26 weeks to 26 September, the FTSE 250 group posted a pre-tax profit of £66.7m compared with a £16.5m loss in the corresponding period in 2014, when it was hit by higher, n
Read moreFriday broker round-up
30th Oct 2015 10:19
(ShareCast News) - Barclays: Goldman Sachs reiterates to buy. Target price: 335.00p. Bt Group: Citigroup reiterates to neutral. Target price: 485.00p. Smith & Nephew: Credit Suisse reiterates to neutral, cuts target price to 1105.00p. Henderson Group: Citigroup reiterates to buy, keeps target pric
Read moreB&M European expects to meet annual targets after solid first quarter
17th Jul 2015 09:02
(ShareCast News) - Discount retailer B&M European Value Retail said it expects to meet its annual targets after a solid performance in the first quarter of its financial year. The group, which has operations across UK and Germany, reported a 24.4% increase in year-on-year in group sales revenue to £
Read moreB&M European Value Retail hikes expansion guidance after full-year results impress
28th May 2015 10:23
B&M European, the discount retailer chaired by ex-Tesco boss Terry Leahy, posted a strong debut full year result thanks to a strong UK performance and 52 new shop openings, with sales surging 30% to £1.65bn. UK sales growth of 20% included a like-for-like sales increase of 4.4%, with a 3.4% gain in
Read moreCredit Suisse positive on airlines, retailers
27th May 2015 13:05
Speculative positions in oil are excessive and appear to have peaked, Credit Suisse wrote in a strategy note on Wednesday. That usually leads to a fall in the oil price and where it to rise from here it would threaten Saudi Arabia's market share strategy - especially with capital expenditure levels
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