Carpetright rolls out 6% interim profit rise
15th Dec 2015 08:37
(ShareCast News) - Carpetright posted a 6% jump in first half pre-tax profit as revenue rose and the company said it was on track to meet its full year expectations as the new, smaller high street format begins to bear fruit. For the 26 weeks to the end of October, pre-tax profit increased to £7.1m
Read moreSunday share tips: Thomas Cook, Carpetright
13th Dec 2015 21:46
(ShareCast News) - Thomas Cook has come a long way from its near-death experience in 2011, after the company announced it would go cap in hand to its creditors, sending its share price spiralling lower. The stock lost three-quarters of its value on the day of the announcement. The company was also
Read moreUK retail sector bounces back, shows BRC-KPMG data
13th Oct 2015 08:26
(ShareCast News) - Retail sales in the UK in September grew 2.6% compared to the same month last year on a like-for-like basis, as strong non-food performance was boosted by strong a weak comparative period for clothing last year and a later bank holiday this time. In total, retail sales rose 3.9%,
Read moreCarpetright profits flying as new strategy kicks in
30th Jun 2015 07:48
Full year pre-tax profits flew higher at Carpetright as the retailer grew like-for-like sales and returned to growth in Europe thanks in part to December's new strategic plan and a handful of store closures. The company's group revenue rose 3.3% to £462.6m, underlying profit before tax (PBT) rose 18
Read moreCarpetright expects full-year profits to be ahead of forecasts
21st Apr 2015 11:21
Carpetright, a carpet and floor covering retailer, expect its full-year profits before tax to be ahead of market expectations thanks to strong UK sales and improvements in the rest of Europe. UK like-for-like sales increased by 10.5%, and full-year gross profit margins are expected to be around 130
Read moreLondon close: Oil price slide fuels fall in equities as rouble tumbles
15th Dec 2014 16:45
Oil prices embarked on fresh falls on Monday, dragging the London market down with them. The price of a barrel of US light crude had dropped about 3.7% to $57.8 towards the end of the trading session while a barrel of Brent crude fell just under 3% to $61.85. The falls fueled a 117.91-point fall in
Read morePeel Hunt upgrades Carpetright on improved profit forecast
15th Dec 2014 11:01
Peel Hunt has upgraded Carpetright after the company more than doubled first half profits and forecast annual results towards the top end of market hopes. The floor covering retailer said underlying pre-tax profit in the 26 weeks to 25 October rose by 123.3% to £6.7m on a 2.6% increase in sales to
Read moreCarpetright forecasts annual profit at top end of hopes
15th Dec 2014 07:59
Carpet retailer Carpetright rolled out higher first-half profits and sales and forecast annual profit towards the top of market hopes, boosting its shares. Carpetright said underlying pre-tax profit in the 26 weeks to 25 October rose by 123.3% to £6.7m on a 2.6% increase in sales to £227.9m, with pr
Read moreCarpetright gets new chairman as founder Harris steps down after 57 years
21st Oct 2014 08:19
Carpet retailer Carpetright has appointed the chairman of pub group Mitchells & Butlers as its new chairman to replace group founder Philip Harris. Carpetright said Bob Ivell would become its non-executive chairman from 1 November. Harris said he would step down from the board on 31 October. Ivell
Read moreCarpetright sales improve in second quarter - UPDATE
14th Oct 2014 16:04
Presenting its first trading update under new chief executive Wilf Walsh, carpet retailer Carpetright saw trading improve in the second quarter, with like-for-like (LFL) sales ahead of the first. The first 11 weeks of the second quarter saw UK LFL sales up 7% versus the 6% growth in the first quarte
Read moreTuesday broker round-up UPDATE
14th Oct 2014 09:17
Anglo Pacific: FinnCap upgrades to buy with a target price of 158p. Peel Hunt shifts target price from 196p to 198p retaining its buy recommendation. Ashmore: Canaccord Genuity upgrades from sell to hold with a target price of 300p. Numis cuts target price from 369p to 355p retaining an add rating.
Read moreSunday newspaper round-up: Mark Carney, Carillion-Balfour, Tesco
17th Aug 2014 15:49
The UK economy is more than halfway to full recovery, the Governor of the Bank of England (BoE) told the Sunday Times. Mark Carney, in an interview marking the first anniversary of his forward guidance policy, told the paper economic expansion was proceeding and that momentum was more assured. "Wher
Read moreAstrazeneca chairman add 6,000 shares
1st Aug 2014 16:43
Improved full year guidance ensured Astrazeneca shares proved popular with board members this week, with chairman Leif Johansson adding a further 6,000 shares to his stake in the drugs maker. The shares were acquired at SEK 502.95 per share, equal to 4,347p each. Purchases were also made by non-
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 moreDeutsche Bank upgrades Carpetright after recent weakness
25th Jun 2014 12:06
In spite of a cautious outlook from home furnishings retailer Carpetright this week, analysts at Deutsche Bank have upgraded their rating on the stock from 'sell' to 'hold' after the recent sell-off. The shares have fallen by around 14% since the company warned on profits in late March, saying the
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