N Brown Group non-exec takes stake in company after share price falls
10th Oct 2013 16:35
Simon Patterson, Non-Executive Director of N Brown Group, has taken advantage of the recent decline in its share price to acquire 10,000 shares in the online and catalogue retailer. Patterson bought the shares, his only holding in the company, at 463.54p for a total spend of £46,354. The previous
Read moreLondon close: Stocks surge on signs of progress in Washington
10th Oct 2013 16:35
Stocks rebounded strongly on Thursday after hitting a three-month low the day before, as hopes that US politicians can resolve the ongoing deadlock in Washington prompted bargain hunters back into the market. The FTSE 100 finished 92.58 points higher at 6,430.49, a rise of 1.46%. This comes after t
Read moreFTSE 250 movers: Keller Group leaps on reports of entry into Africa
10th Oct 2013 14:56
Keller Group leapt on reports of a contract deal with Esorfranki, a move that would mark its entry into the African market. Esorfranki, a civil engineering and construction company, has reportedly sold its geotechnical division, which operates in Africa, to Keller. Newsagent WH Smith surged after
Read moreBroker tips: Synergy Health, Informa, N Brown
10th Oct 2013 11:35
Synergy Health remains a 'sell', according to Canaccord Geunity, with risks to consensus forecasts on the downside. Analyst Julie Simmonds said: "Following a difficult Q1, it is clear that Synergy has not yet seen an improvement in performance. We see lower organic revenue growth as an ongoing chal
Read moreLondon midday: Stocks rebound strongly from three-month low
10th Oct 2013 11:16
UK markets jumped strongly on Thursday morning following three straight days of losses as hopes build over a resolution to the political deadlock in Washington and the continuation of monetary stimulus by the Federal Reserve. After hitting a three-month low yesterday, the FTSE 100 rebounded strong
Read moreBroker snap: Change of upgrades at N Brown only small, says Citi
10th Oct 2013 09:55
Citigroup has retained its 'neutral' rating and 488p target price for online and catalogue retailer N Brown following its interim results, choosing to sit on the fence with the stock trading at 14 times earnings. First-half profit before tax came in at £45m, some 3% below Citi's forecast (£46.3m) d
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
Read moreFTSE 250 movers: N Brown declines on flat earnings per share
9th Oct 2013 15:37
Online and catalogue retailer N Brown fell after reporting an 8.0 per cent rise in revenue and 5.9 per cent increase in operating profits in the first half. Adjusted earnings per share, however, were broadly flat, up just 0.6 per cent at 12.55p. Meanwhile, house builders Barratt Developments and B
Read moreLondon midday: Markets pause at three-month low as UK data disappoints
9th Oct 2013 11:19
Disappointing UK production figures and the ongoing political deadlock in the US weighed on market sentiment on Wednesday morning, with the FTSE 100 subdued after hitting a three-month low the day before. London's benchmark FTSE 100 index was trading broadly flat by midday, erasing earlier losses,
Read moreN Brown growth accelerates as new CEO Spindler expands stores
9th Oct 2013 07:16
Growth has accelerated in the first half of the year at online and catalogue retailer N Brown, with new Chief Executive Officer Angela Spindler looking to push forward with a bricks and mortar strategy in the UK. In the 26 weeks to the end of August, prior to Spindler starting, total group revenue
Read moreWednesday broker round-up UPDATE
25th Sep 2013 09:46
Amec: JP Morgan reduces target price from 1301p to 1243p and stays with its neutral rating. Amlin: UBS ups target price from 400p to 450p upgrading from neutral to buy. BAE Systems: UBS takes target price from 450p to 490p and maintains a buy recommendation. BHP Billiton: Alphavalue shifts target
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreTuesday broker round-up UPDATE
27th Aug 2013 09:14
Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.
Read moreFTSE 250 movers: N Brown jumps after broker upgrade
21st Aug 2013 14:36
Internet shopping group N Brown was a high riser today after Credit Suisse raised its rating for the stock from 'neutral' to 'outperform' and lifted its target price from 455p to 620p. N Brown, whose brands include Simply Be, Jacamo and Figleaves, has seen its stock surge by around 50% so far this
Read moreWednesday broker round-up UPDATE
21st Aug 2013 09:37
Anglo American: JP Morgan cuts target price from 1675p to 1655p keeping a neutral rating. Aquarium Platinum: Investec shifts target price from 46p to 48p and stays with its hold recommendation. ASOS: Deutsche Bank increases target price from 3800p to 4450p, while leaving its hold recommendation un
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