Broker tips: Wood Group, Jimmy Choo, Lonmin
15th Jun 2016 11:02
(ShareCast News) - Shares in oil and gas services company Wood Group rose on Wednesday as Jefferies initiated its rating on the stock at 'buy'. "The company, in our view, has executed a far more coherent growth/mergers and acquisitions strategy compared to UK Service peers, Amec Foster Wheeler and P
Read moreLiberum ups Jimmy Choo to 'buy' after trading update
15th Jun 2016 08:49
(ShareCast News) - Liberum upgraded Jimmy Choo to 'buy' from 'hold' with an unchanged target price of 135p after the company's trading update. It said the update suggests Choo is showing resilience in a difficult market. Shares in the luxury goods maker shot higher on Wednesday after it said it had
Read moreJimmy Choo striding ahead in new year
15th Jun 2016 07:25
(ShareCast News) - Luxury goods maker Jimmy Choo said it had made a good start to the year and trading was in line with expectations despite headwinds facing the majority of the sector in 2016. "Jimmy Choo remains focused on controlled expansion and development of the retail portfolio whilst evolvin
Read moreFTSE quarterly review confirms raft of changes to 100 and 250 indices
2nd Jun 2016 08:00
(ShareCast News) - Hikma Pharmaceuticals' promotion to the FTSE 100 index was confirmed after the latest quarterly review was announced overnight, while demoted blue chip Inmarsat was joined in the FTSE 250 by three recently floated finance groups CYBG, CMC Markets and Metro Bank plus several others
Read moreInmarsat set for FTSE demotion in quarterly review
31st May 2016 10:19
(ShareCast News) - Satellite communications company Inmarsat could be pushed out of the FTSE 100 by Hikma Pharmaceuticals in June, according to the FTSE Russell. Changes from the latest quarterly review of the FTSE 100, to be announced on Wednesday, will take place on Friday 17 June. Earlier this m
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
Read moreRetail sales fall in April as cold hits footwear and fashion, says BRC-KPMG
10th May 2016 10:27
(ShareCast News) - British retail sales in April fell on a like-for-like basis compared to last year, with non-food sales outweighing positive food sales. The monthly Retail Sales Monitor (RSM) from the British Retail Consortium (BRC) and KPMG showed total sales were flat for a second month in a row
Read moreLondon pre-open: Stocks seen flat as investors eye inflation data
22nd Mar 2016 07:33
(ShareCast News) - London stocks are set to open flat on Tuesday as investors look to the release of UK inflation figures. The FTSE 100 is seen starting unchanged from Monday's close at 6,184. On the data calendar, UK CPI and RPI are at 0930 GMT, along with PPI and public finances. Oanda's Craig
Read moreDemand in Asia drives Jimmy Choo growth
22nd Mar 2016 07:15
(ShareCast News) - Revenue and earnings were up thanks to strong demand for the luxury wares of Jimmy Choo in 2015, particularly in Asia and Japan, with the firm reporting revenue growth of 7.2% at constant currencies on Tuesday. The FTSE 250 company's consolidated net income increased £30.2m into t
Read moreJimmy Choo revenue underpinned by Asia
28th Jan 2016 08:25
(ShareCast News) - Luxury footwear and accessories brand Jimmy Choo reported a rise in 2015 revenue, thanks in part to a strong performance in Asia. For the year ended 31 December, net revenue grew 7% at constant currency to £318m, or 6% at reported rates. Shoes, which represent around 76% of revenu
Read moreFTSE 250 movers: Hastings jumps into risers after market promotion
21st Dec 2015 14:46
(ShareCast News) - With only three and a half days of trading this week, investors were optimistic and grabbing a few pre-Christmas bargains with the FTSE 250 up 85.45 points (0.50%) to 17,191.32 by mid-afternoon Monday. It was also the first day Morrisons was traded on the second tier market, after
Read moreFTSE 250 movers: Oil prices weigh on market
11th Dec 2015 15:25
(ShareCast News) - With only two weeks to Christmas, the FTSE 250 wasn't feeling very festive on Friday after it fell 159.12 point (0.93%) to 16,921.13 by mid-afternoon. Oil stocks weighed on the second-tier market as oil prices hit new lows on Friday. Brent hit a seven-year low at $38.84, while Wes
Read moreJimmy Choo appoints Elisabeth Murdoch as non-exec director
13th Nov 2015 07:54
(ShareCast News) - Luxury shoe-maker Jimmy Choo announced the appointment of Elisabeth Murdoch - daughter of media mogul Rupert Murdoch - as an independent non-executive director. Murdoch is an executive and entrepreneur in the media and technology sectors. She is currently chair of Freelands Group
Read moreBroker tips: Jimmy Choo, Whitbread, Experian
11th Nov 2015 16:40
(ShareCast News) - Liberum downgraded Jimmy Choo to 'hold' from 'buy' and slashed the price target to 160p from 210p. "We believe Choo faces increased competition in shoes as other luxury goods companies chase growth," the broker said. It said the speed of the luxury slowdown is notable and yet to
Read moreWednesday broker round-up
11th Nov 2015 11:19
(ShareCast News) - Auto Trader Group: Goldman Sachs downgrades to neutral. Target price: 415.00p. Fidessa Group: Finncap downgrades to sell, cuts target price to 1750.00p. Jupiter Fund Management: Barclays upgrades to overweight, lifts target price to 520.00p. Dcc: Exane BNP Paribas downgrades to
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