Numis 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
Read moreN Brown surges as it posts jump in third quarter revenue
21st Jan 2016 08:02
(ShareCast News) - Specialist clothing retailer N Brown rocketed on Thursday as it posted a jump in third quarter revenue and said it was on track to meet full year expectations. In the 18 week period to 2 January 2016, group revenue rose 4.1%, with like-for-like sales also up 4.1% and the online bu
Read moreN Brown CEO treats herself to first share purchase
22nd Dec 2015 15:31
(ShareCast News) - N Brown's chief executive officer Angela Spindler made her first purchase on Tuesday, nabbing 23,782 shares in the home shopping business at 292.80p each. Elsewhere, Imagination Technologies' non-executive director Andrew Heath picked up 37,710 shares in the chip maker at 131.60p
Read moreFTSE 250 movers: Strong trading leads Supergroup to top of the pack
16th Dec 2015 15:28
(ShareCast News) - The FTSE 250 was on track to finish the day in the green on Wednesday, up 78.47 points (0.46%) to 17,078.03 by mid-afternoon. Supergroup led the risers after it released its half year report, showing strong trading leading to positive sales growth. The owner of popular faux-Japane
Read moreUK retail sales slump as non-food growth slows, BRC-KPMG says
10th Nov 2015 08:42
(ShareCast News) - UK retailers endured subdued sales during October, with a disappointingly flat reading for the BRC-KPMG Retail Sales Monitor and a like-for-like decline for the month. October retail sales fell 0.2% on a like-for-like basis compared to last year. Total sales for the month rose 0.
Read moreWednesday broker round-up
21st Oct 2015 10:44
(ShareCast News) - Genel Energy: JP Morgan Cazenove reiterates to overweight. Target price: 610.00p. UBS downgrades to neutral, reduces target price to 400.00p. Sse: Jefferies starts new coverage with a hold, sets target price at 1600.00p. Smiths Group: Citigroup upgrades to buy, raises target pric
Read moreBroker tips: N Brown, ITV, Tullow Oil, Soco International
14th Oct 2015 17:21
(ShareCast News) - Investec on Wednesday retained its 'hold' rating on N Brown after the fashion and home shopping retailer reported a decline in half-year profits. The FTSE 250 group, whose shopping brands include plus-size focused Simply Be and Jacamo, lifted revenues 4.2% to £415.8m but saw opera
Read moreN Brown on 'hold' after half-year profit slump, Investec says
14th Oct 2015 17:17
(ShareCast News) - Investec on Wednesday retained its 'hold' rating on N Brown after the fashion and home shopping retailer reported a decline in half-year profits. The FTSE 250 group, whose shopping brands include plus-size focused Simply Be and Jacamo, lifted revenues 4.2% to £415.8m but saw opera
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