N Brown H1 revenue down as retailer faces a "transitional year"
16th Sep 2014 10:54
The fashion retailer N Brown Group said on Tuesday that sales were down in the first half as it faces a “transitional year”. The home-shopping group, which operates online and through catalogues, said revenues decreased by 0.6% in the first six months of the year. In like-for-like basis
Read moreLondon open: UK stocks slip ahead of inflation data, Asos drops
16th Sep 2014 08:40
UK stocks opened in the red on Tuesday as investors continued to tread cautiously ahead of a Federal Open Market Committee (FOMC) decision and vote on Scottish independence. Investor appetite for risk was also limited ahead of some closely-watched economic data during the session, namely UK inflatio
Read moreLondon pre-open: Stocks to rise ahead of CPI data
16th Sep 2014 07:39
London-listed stocks are expected to open broadly higher on Tuesday as investors gear up for the latest UK inflation reading, German investor confidence and, later in the week, the Scottish referendum and a meeting of the Federal Open Market Committee (FOMC). City sources predict the FTSE 100 will o
Read moreThursday broker round-up UPDATE
28th Aug 2014 09:24
Antofagasta: Investec lowers target price from 720p to 719p and retains a sell recommendation. Arrow Global: Canaccord Genuity moves target price from 318p to 325p and keeps a buy recommendation. Numis downgrades from buy to add with a target price of 285p. Balfour Beatty: Berenberg moves target p
Read moreMorrisons names former Tesco exec as new Chairman
29th Jul 2014 07:29
Supermarket chain Wm Morrison has appointed Andrew Higginson as its new Chairman, he is due to replace Sir Ian Gibson when he retires next year. Higginson, a former Executive Director at Tesco for 15 years, currently chairs the boards of fellow retailers Poundland and N Brown and also stands as Sen
Read moreFTSE 250 movers: Retailers mostly higher as UK unemployment falls
16th Jul 2014 15:12
A number of retailers including Debenhams, N Brown, AO World and Home Retail were on the rise today as investors welcomed the latest UK economic data which showed a drop in unemployment. The UK jobless rate declined from 6.6% to 6.5% in the three months to May, the lowest since 2008, though wage gro
Read moreBroker tips: Rio Tinto, easyJet, N Brown
16th Jul 2014 12:19
Broker Liberum has repeated its 'sell' call on Rio Tinto despite admitting that the miner achieved a "solid" second quarter in terms of production. "Rio still looks vulnerable to us in the second half as the impact of sustained higher iron ore production hits the market, with consensus numbers refl
Read moreLondon midday: Chinese and UK data give FTSE 100 a boost
16th Jul 2014 11:58
- Chinese GDP growth picks up to 7.5% - UK unemployment at lowest since 2008 - Meggitt jumps on M&A hopes - Rio Tinto leads miners higher techMARK 2,808.69 +1.03% FTSE 100 6,771.71 +0.91% FTSE 250 15,592.03 +0.98% Stocks in London jumped on Wednesday morning as a surprise pick-up in Chinese growth
Read moreUBS upgrades N Brown, expects growth to pick up
16th Jul 2014 10:24
UBS has raised its rating for retailer N Brown from 'neutral' to 'buy', saying that the business offers "online growth at a high street price". "N Brown has de-rated significantly in the last few months. With trading expected to improve in the second quarter we think this has been overdone and inve
Read moreWednesday broker round-up UPDATE
16th Jul 2014 09:00
Alent: Liberum Capital initiates with a target price of 400p and a buy recommendation. APR Energy: Citi reduces target price from 1350p to 650p and downgrades to neutral. ARM Holdings: FinnCap upgrades from hold to buy with a target price of 1000p. Ashmore Group: Numis ups target price from 350p
Read moreSunday tips round-up: Serco, Balfour Beatty, N Brown
6th Jul 2014 17:41
Serco is becoming a classic falling knife share, Questor said in The Sunday Telegraph. Its loss of the contract to run London's Docklands Light Railway caps a grim 12 months for the outsourcing group. The problem for Rupert Soames, the new Chief Executive, is that Serco is in danger of being locked
Read moreThursday broker round-up UPDATE
19th Jun 2014 08:56
BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:
Read moreFTSE 250 movers: Xaar extends losses after broker comment
18th Jun 2014 14:43
Xaar shares continued to fall following yesterday's profit warning, after UBS reduced its target price from 950p to 550p and Investec reduced target price from 960p to 560p, downgrading from 'buy' to 'hold'. N Brown fell after the home-shopping business reported sales below market hopes, prompting
Read moreLondon midday: Oil stocks lead markets higher ahead of FOMC
18th Jun 2014 11:48
- FOMC meeting to keep traders cautious - Iraq tensions escalate as rebels attack refinery - BoE in focus amid rate-hike speculation techMARK 2,800.97 +0.23% FTSE 100 6,795.76 +0.43% FTSE 250 15,610.03 +0.16% UK equities rose on Wednesday ahead of a policy decision at the Federal Open Market Commi
Read moreWednesday broker round-up UPDATE
18th Jun 2014 09:03
Ashtead Group: Barclays ups target price from 930p to 946p retaining its overweight rating. Berkeley Group: Numis upgrades from hold to buy with a target price of 2491p. Brown (N) Group: Oriel places its buy recommendation under review. BT Group: Jefferies ups target price from 440p to 470p and k
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