Broker tips: Pru, BSkyB, N. Brown
16th Jun 2010 13:10
The determination by the management of Prudential to boost the company's presence in Asia may pay off in the long term for the insurer but Nomura Securities thinks that insurers with a greater UK focus than the Pru may do better in the near to medium term. Although Nomura agrees with the convention
Read moreBroker snap: N. Brown acquisition is far from pants
16th Jun 2010 13:06
The acquisition of online retailer Figleaves by Internet and catalogue home shopping company N. Brown should be earnings neutral in the first year of ownership, but should boost 2012 profits, KBC Peel Hunt reckons. "The acquisition will cement N Brown's position as the leading on-line retailer of l
Read moreCORRECT: MARKET TALK: Panmure Lifts N Brown Price Target
16th Jun 2010 11:25
("MARKET TALK: Panmure Lifts N Brown Price Target," at 0906 GMT, incorrectly stated that Panmure lifted N Brown target price to 320p from 325p. The correct version follows:) 0906 GMT (Dow Jones) Panmure Gordon lifts N Brown (BWNG.LN) target price to 320p from 315p following the acquisition of l
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
16th Jun 2010 09:06
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0806 GMT [Dow Jones] Panmure Gordon lifts N Brown (BWNG.LN) target price to 320p from 325p, following the acquisition of l
Read moreN Brown Buys Entire Share Capital Of Figleaves For GBP11.5M
15th Jun 2010 09:42
LONDON (Dow Jones)--N Brown Group PLC (BWNG.LN), an internet and catalogue home shopping company, said Tuesday that it has acquired the entire share capital of Figleaves Global Trading Ltd, for a total consideration of GBP11.5 million. MAIN FACTS: -Figleaves is an online shop for lingerie, u
Read moreBrown (N.) Group Plc N Brown Announces The Acquisition Of Figleaves
15th Jun 2010 09:35
TIDMBWNG RNS Number : 6251N Brown (N.) Group PLC 15 June 2010 ? N Brown Group plc Acquisition of Figleaves London, 15 June 2010- N Brown Group plc, the internet and catalogue home shopping company, today announces the acquisition of the entire share capital of Fig
Read moreBroker tips: FirstGroup, retailers
13th May 2010 15:53
The outlook appears to be stabilising at bus and trains firm FirstGroup, but Nomura worries that it will take time to get debt levels down to sector averages. Plans to reduce the high levels of debt "look sensible", says the broker. Wednesday's final results revealed net debt fell to £2.28bn in the
Read moreBroker snap: Bargains on the high street
13th May 2010 11:53
The recent stock market sell-off has presented buying opportunities in the clothing sector, despite the likelihood that attempts to tackle the budget deficit will put further pressure on consumer spending. Analysis conducted by Panmure Gordon reveals clothing purchases have been less discretionary
Read moreWednesday tips round-up: BP, Segro, Dunelm
28th Apr 2010 06:36
The tragic situation in the Gulf of Mexico has taken the shine off what was an excellent performance from BP in the first quarter of the year says the Telegraph. The shares are trading on a December 2010 earnings multiple of 9.2 times, falling to 7.9 next year. They were first recommended at 487½p
Read moreLondon close: Footsie slumps on eventful day
27th Apr 2010 16:31
Footsie was deep in the red at trading's close after credit rating downgrades for Greece and Portugal added to already substantial losses, with miners among the stocks posting heavy falls. With oil and metals prices in retreat as fears grow about potential delays in financial aid reaching Greece re
Read moreLondon afternoon: Reckitt fails to cut the mustard
27th Apr 2010 14:35
Footsie drifted lower over the lunch time session, not helped by disappointing results from household goods maker Reckitt Benckiser. Shares in Reckitt sank to the bottom of the FTSE 100 despite the French's mustard maker posting a rise in earnings and sales for the first quarter. The firm said oper
Read moreFTSE 250 movers: Poor sales give Premier indigestion
27th Apr 2010 12:33
Shares in Premier Foods have taken a big hit after the company behind Hovis bread, Branston pickle and Sharwood's sauces, reported a 5.1% drop in first quarter sales and said it remains cautious about the consumer and trading environment for 2010. Also in the red is homewares retailer Dunelm, which
Read moreLondon midday: Footsie slides below 5700
27th Apr 2010 12:04
Footsie has given up all of yesterday's gains and more and has dipped below the 5700 level. Barely a dozen of the blue-chip index's constituents are in the blue, with miners featuring prominently among the laggards. Vedanta, Rio Tinto, Kazakhmys and Xstrata are the worst performers in the mining s
Read moreN Brown confident for 2010
27th Apr 2010 08:14
Internet and catalogue home shopping company N Brown reported a 12.6% rise in annual pre-tax profit and issued a confident outlook for 2010. Adjusted pre-tax profit rose to £93.1m for the 52 weeks to 27 February 2010. Total group revenue rose 4.2% for the full year to £690.0m. Like for like sales
Read moreLondon close: Commodity slide hits Footsie
13th Jan 2010 16:32
Footsie ended the day firmly in the red with low commodity prices helping to offset positive broker coverage. With the oil price below $80, oil titans Royal Dutch Shell and BP found themselves on traders' sell lists. BG Group also slipped even after HSBC upped its price target for the stock from 13
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