FTSE 250 movers: Balfour higher on cost saving pledge, miners and oil stocks lower
25th Mar 2015 13:55
Shares in UK construction firm Balfour Beatty rose as it pledged to implement cost saving measures after reporting deep losses last year which forced it to suspend its dividend. Housebuilder Bellway surged as profits jumped to a record high in the first six months of its financial year, prompting th
Read moreCard Factory delivers disappointing dividend
25th Mar 2015 07:52
Retailer Card Factory signed, sealed and delivered its full year results with few surprises, although demanding investors were seemingly disappointed with the generous dividend as it was not quite the bigger present of a special dividend that they had been wishing for. However, management indicated
Read moreFTSE 250 movers: Afren lower on debt-for-equity swap, retailers and health stocks higher
16th Mar 2015 14:11
Afren's share price was extending Friday's losses when the company proposed a debt-for-equity swap with lenders to keep it afloat. The deal will lead to a substantial dilution of shareholders' interests. More broadly, oil stocks tumbled on declining Brent crude prices, with Premier Oil and Nostrum O
Read moreCard Factory delivers solid sales growth, but shares pull back
22nd Jan 2015 11:09
Card Factory said it continued to perform well as it neared the end of its financial year, though shares dropped sharply on Thursday as investors took profits following a steady rise in the stock since its flotation last May. Sales at the UK greeting cards and gifts retailer rose 8.1% year-on-year o
Read moreCanaccord cuts Card Factory to 'hold', but growth potential intact
22nd Jan 2015 09:08
Card Factory's share price dropped on Thursday morning despite an in-line trading statement from the greeting cards and gifts retailer, with broker Canaccord Geunity weighing on the stock after downgrading its recommendation to 'hold'. Canaccord said that even though trading over Christmas was "soli
Read moreBroker tips: Pearson, Carnival, Carpetright...
25th Jun 2014 13:00
Goldman Sachs has reiterated its 'sell' recommendation on publisher Pearson, saying that the stock's valuation is "full" while the business faces many challenges. It said that issues over lower estimated structural growth and increased competition are not being reflected in the stock, which is now
Read moreCard Factory rises as UBS hails "unique business model"
25th Jun 2014 09:47
Shares in newly-listed Card Factory received a boost on Wednesday after UBS initiated coverage of the stock with a 'buy' rating, hailing the company's "unique business model" and strong growth prospects. Card Factory designs, manufactures and sells its own greeting cards and this so-called 'vertica
Read moreCard Factory starts year well and pledges to expand
18th Jun 2014 08:04
Newly floated stationery and gift retailer Card Factory unveiled a good start to the year and outlined plans for more expansion. Card Factory, which floated on the London Stock Exchange at 225p per share last month, reported ongoing positive growth in like-for-like sales from existing shops, althou
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