FTSE 250 movers: Clothing retailers outstrip weight of gold miners
11th Oct 2016 14:32
(ShareCast News) - While its larger sibling fell into the red after soaring to record levels, the FTSE 250 was still in positive territory on Tuesday afternoon, as positive earnings reports provided good cheer. After some difficult months for the sector as weather played havoc with their seasonal sa
Read moreN Brown profits slim less than feared as sales swell
11th Oct 2016 07:05
(ShareCast News) - Profits fell 20% in the first half of the year for specialist-fit clothing retailer N Brown, but this was ahead of consensus forecasts and followed a recovery in sales in the second quarter. The interim dividend was held flat at 5.67p as the company revealed the the autumn-winter
Read moreFTSE 250 movers: Oil surge lifts mid-caps, N Brown down
10th Oct 2016 15:43
(ShareCast News) - Led by a group of resources stocks and a late surge in oil prices, the FTSE 250 moved into positive territory on Monday afternoon. Copper-focused Kaz Minerals and steel maker Evraz topped the leader board ahead of their third-quarter production updates later this month. There
Read moreMonday broker round-up
26th Sep 2016 14:17
(ShareCast News) - N Brown: HSBC downgrades to hold with a target price of 205p. Kingfisher: UBS downgrades to neutral, 390p target. Morrison: Credit Suisse keeps at neutral with a 200p target. WPP: Jefferies downgrades to hold with a 1850p target. Wolseley: Exane BNP Paribas keeps at underperfor
Read moreThursday broker round-up
22nd Sep 2016 13:35
(ShareCast News) - Dunelm: HSBC starts coverage at buy with a target price of 1000p. Brown N Group: UBS keeps at neutral, 190p target. Tesco: Barclays keeps at neutral with a 215p target. Associated British Foods: Credit Suisse reiterates outperform with a 3550p target. BBA Aviation: Barclays kee
Read moreN Brown discovers accounting mistake, late to roll out online platform
21st Sep 2016 16:00
(ShareCast News) - N Brown revealed its US web platform will be launched later than planned, that it made a mistake in an earlier calculation of financial customer complaint redress and that its JD Williams subsidiary has gained regulatory approval to continue offering consumer credit. The FTSE 250
Read moreN Brown confident despite subdued start to year
16th Jun 2016 07:15
(ShareCast News) - Trading has remained subdued at N Brown but nowhere near as bad as analysts has been fearing, lifting shares from their four-year low with management confident that a second half improvement will see the clothing retailer hit its full year targets. Group revenue was down 0.2% in t
Read moreNumis says N Brown deserves to trade at a discount
10th May 2016 09:05
(ShareCast News) - Broker Numis downgraded N Brown to 'hold' from 'add' after again being disappointed in having to cut the specialist clothing retailers' forecasts. Numis said the 2016 results were 'relatively solid' but downgrading numbers seemed to be the "new normal" at N Brown, with forecasts l
Read moreDirector dealings: N Brown's Spindler buys after results weigh on shares
22nd Apr 2016 16:27
(ShareCast News) - Showing her confidence in underlying trading, N Brown chief executive Angela Spindler took advantage of the market's conservative view of the specialist-fit clothing retailer's results statement earlier in the week. Spindler trousered almost £50,000-worth of shares in the FTSE 25
Read moreBroker tips: N Brown, Burberry, BT Group
20th Apr 2016 12:53
(ShareCast News) - Broker Peel Hunt downgraded N Brown to 'reduce' after the specialist fit clothing retailer ran into challenging conditions in the new financial year. Final results were also slightly disappointing, with profit before tax of £84.5m, which was below the broker's £86.2m estimate, tho
Read moreN Brown results show turnaround success, new year brings new problems
20th Apr 2016 08:33
(ShareCast News) - Clothing retailer N Brown posted solid final results and held its dividend steady but has endured a slowdown since the year end and warned of currency headwinds. Sales in the new financial year have been lower than the previous year due to what is acknowledged as a challenging ind
Read moreHalfords and N Brown sink as UBS turns cautious on UK general retail
21st Mar 2016 14:08
(ShareCast News) - Halfords and N Brown were under the cosh after UBS downgraded its stance on both stocks as it took a more cautious view on the UK general retail sector over the next 12 months. The bank said uncertainty over Brexit and wage inflation was compounded by FX issues and the increasing
Read moreMonday broker round-up
29th Feb 2016 13:16
(ShareCast News) - IMI: JP Morgan reiterates overweight with a target price of 850p, Credit Suisse and Canaccord stays at underperform, Investec and HSBC keep at buy, 920p and 1000p target respectively, Exane BNP Paribas maintains neutral and Societe Generale reiterates hold. Jupiter Fund Management
Read moreLondon close: Stocks gain on ECB stimulus hopes
21st Jan 2016 16:16
(ShareCast News) - UK stocks advanced on Thursday as European Central Bank President Mario Draghi hinted at further stimulus. In a press conference following the ECB's decision to keep its key rates unchanged, Draghi said the central bank would "review and reconsider" its monetary policy measures at
Read moreFTSE 250 movers: Halfords leads the peloton
21st Jan 2016 15:41
(ShareCast News) - The FTSE 250 was in the black mid-afternoon Thursday, up 164.74 points (1.05%) to 15,805.75. Halfords pedalled to the front of the peloton after it said group like-for-like sales rose 0.3% in the third quarter with the company reporting that full year pre-tax profit expectations w
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