Carpetright profits dive on weak Dutch performance - UPDATE
24th Jun 2014 08:15
Annual profits plunged by more than 50% at flooring specialist Carpetright, hit by net finance charges, a particularly weak market in the Netherlands and ongoing challenges across all its regions. Underling profit before tax plunged to £4.6m, from £9.7m a year earlier, pushing earnings per share t
Read moreSunday share tips: Debenhams, Johnston Press, Carpetright
22nd Jun 2014 14:13
Steer clear of shares in Debenhams, Questor advised in the Sunday Telegraph. There was no repeat of the December 31st profit warning when the department store group published its trading statement on June 20th. Trading was in line with expectations. But Debenhams has damaged its brand by repeatedly
Read moreSector movers: Retail stocks slip as Kingfisher's Q1 disappoints
29th May 2014 14:30
Retail stocks were off shopping lists on Thursday as results from B&Q owner Kingfisher left investors unimpressed. Europe's biggest home improvement retailer, which also owns Screwfix and Mr Bricolage in France, saw shares fall after reporting retail profits of £142m in the three months ended May 3
Read moreCarpetright names new Chief Executive
21st May 2014 09:43
Carpetright, the FTSE small cap flooring specialist, has appointed Wilf Walsh as its new Chief Executive Officer (CEO) from July 21st this year. Walsh, who was most recently Chairman of Fortuna Entertainment Group, is replacing Lord Harris of Peckham, who will become Non-Executive Chairman on the
Read moreBroker tips: Burberry, IMI, Carpetright, Airlines
7th Apr 2014 12:14
Berenberg has downgraded its rating for high end fashion brand Burberry from 'buy' to 'hold', saying that recent strength of the pound will have a negative impact on its performance. The broker said that the estimated sales and earnings growth rates over the next three years are "less compelling".
Read moreCarpetright 'pricing in perfection', Deutsche Bank downgrades to 'sell'
7th Apr 2014 10:26
Deutsche Bank has cut its recommendation for home furnishings retailer Carpetright from 'sell' to 'hold', saying that the stock is pricing in too much of a recovery. The bank highlighted that the shares are now sitting 7% above the level seen before the company's latest profit warning on March 26th
Read moreMonday broker round-up UPDATE
7th Apr 2014 10:19
Abcam: Canaccord Genuity lowers target price from 386p to 375p, while upgrading from sell to hold. Aberbdeen Asset Management: Credit Suisse ups target price from 415p to 440p and stays with its neutral rating. AO World: Jefferies initiates with a target price of 410p and a buy recommendation. JP
Read moreFriday broker round-up UPDATE
4th Apr 2014 10:07
African Minerals: Deutsche Bank reduces target price from 382p to 335p, while its buy recommendation remains unchanged. Arrow Global: Canaccord Genuity moves target price from 309p to 318p and keeps a buy recommendation. Ashmore Group: JP Morgan takes target price from 344p to 351p and maintains a
Read moreOriel reviews 'hold' on Carpetright after profit warning
26th Mar 2014 11:07
Oriel Securities is reviewing its recommendation on Carpetright after the floor covering retailer warned on annual profits. The broker said it was reviewing its 'hold' advice after Carpetright said it expected underlying pre-tax profit in the year to April 26th to be between £3.5m and £5.5m, agains
Read moreCarpetright warns on FY profits
26th Mar 2014 07:39
Floor covering retailer Carpetright has warned on annual profit after a recovery ran out of steam. Carpetright said it now expected underlying pre-tax profit in the year to April 26th to be between £3.5m and £5.5m. The group said like-for-like UK trading in the eight weeks to March 22nd was positi
Read moreFurnishing retailers change pricing practices after OFT investigation
21st Mar 2014 14:58
The Office of Fair Trading (OFT) has announced five furniture and carpet retailers have changed their pricing practices following an OFT investigation. Companies such as Carpetright, Dreams, Furniture Village and Homestyle Operations' trading brands Harveys and Bensons for Bed have all promised to
Read moreBroker tips: Antofagasta, Brewin Dolphin, Carpetright
29th Jan 2014 11:20
Westhouse Securities has maintained its 'buy' rating and 1,000p target price for Chilean mining group Antofagasta after production guidance for 2014 came in ahead of forecasts. "For 2014, guidance for copper is a fraction above our estimate (of 702,000t) and gold guidance at 270,000oz is well above
Read moreBroker snap: N+1 Singer positive on Carperight turnaround, but forecasts cut
29th Jan 2014 10:13
N+1 Singer has kept its 'buy' rating for floorings retailer Carpetright despite another profit warning for the firm this week, saying it still remains upbeat about its turnaround plans. The company said on Tuesday that it now expects full-year underlying profits to be below the lower end of current
Read moreWednesday broker round-up UPDATE
29th Jan 2014 08:54
African Barrick Gold: Canaccord Genuity ups target price from 180p to 205p keeping a hold recommendation. Antofagasta: Westhouse Securities takes target price from 1000p to 1060p and maintains its buy recommendation. BG Group: Liberum Capital reduces target price from 1475p to 1280p downgrading to
Read moreLondon open: Stocks inch higher after recent sell-off
28th Jan 2014 08:25
- Markets look ahead to FOMC meeting tomorrow - Turkey in focus as central bank meets - F&C recommends offer to shareholders techMARK 2,771.74 +0.36% FTSE 100 6,574.14 +0.36% FTSE 250 15,697.84 +1.09% UK markets opened slightly higher on Tuesday, although sentiment was still fragile as stocks rebo
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