Carpetright issues another profit warning
28th Jan 2014 07:34
- Second profit warning in nearly four months - Deteriorating trading in Netherlands overshadows improved UK - Full-year expected to be below lower end of current market forecasts Shares of flooring retailer Carpetright tumbled after it warned on profit for the second time in nearly four months as
Read moreIofina Chairman shows confidence after profit warning
17th Dec 2013 16:16
Proving his confidence in the business on the day it published a profit warning, Iofina Chairman Chris Fay splashed the cash in two separate share purchases. Fay first bought £50,000 worth at 101p in the morning after the shares plummeted from Monday's 132.25p closing price. Later in the day he f
Read moreSector movers: Supermarkets hit by competitive pressures
17th Dec 2013 15:31
Retail stocks were off shopping lists on Tuesday with supermarkets firmly out of favour after a gloomy report from Kantar Worldpanel. The consumer knowledge agency revealed that over half the country shopped in either Aldi or Lidl during the 12 weeks to December 8th for the first time in history.
Read moreReckitt Benckiser CFO grows stake
12th Dec 2013 16:14
Adrian Hennah, the Chief Financial Officer of Reckitt Benckiser, added 13,629 shares to his stake in the consumer goods company. Hennah, who has been in the role since the start of the year, acquired the stock at 4,619.73p a piece for a total spend of £629,623. His interest in the company now st
Read moreWednesday broker round-up UPDATE
11th Dec 2013 08:35
Afren: Goldman Sachs lowers target price from 280p to 270p, while leaving its strong buy recommendation unaltered. Canaccord Genuity takes target price from 190p to 205p and keeps a buy recommendation. Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 44
Read moreCarpetright half-year profit shrinks by a third
10th Dec 2013 07:34
- First-half profit down 33.3 per cent - Persistently volatile UK and Netherlands markets - Full-year expectations unchanged Floor coverings retailer Carpetright said it expects an improved second-half performance after first-half trading was marked by persistently volatile trading conditions in t
Read moreSector movers: Retailers hit by Credit Suisse comments, M&S falls
6th Dec 2013 15:57
The general retail sector was out of favour on Friday after some cautious comments from analysts at Credit Suisse, with Marks & Spencer among the worst hit. The bank said that while 2013 has been a "remarkable year" for general retail stocks, it has also been a year of high single-digit downgrades
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreCarpetright Chairman trades in 416,500 shares
17th Oct 2013 16:32
Lord Harris of Peckham, the Executive Chairman of Carpetright, this week reduced his stake in the flooring specialist with the sale of 416,500 shares. The sale was made through his company Harris Ventures, which is also connected with Martin Harris, Carpetright's Group Development Director. Harr
Read moreFTSE 250 movers: Supergroup hit by Burberry comments
7th Oct 2013 16:03
Supergroup shares took a significant hit after luxury brand Burberry's Chief Executive Officer Angela Ahrendts told French newspaper Les Echos that the slowdown in China may be more than temporary; in fact, it could be the new reality. SuperGroup said back in July that China represents an "exciting
Read moreLondon close: Markets in 'wait-and-see' mode as shutdown continues
4th Oct 2013 16:46
After fluctuating between gains and losses for most of the day, the FTSE 100 finished broadly flat on Friday as stocks struggled for direction. In the absence of economic news and ongoing political uncertainty in the States, markets remain in "wait-and-see mode", according Senior Market Analyst Mic
Read moreFTSE 250 movers: Carpetright shares hit by profit warning
4th Oct 2013 16:09
Carpetright announced the departure of Chief Executive Darren Shapland as it warned falling sales meant full year profits would be 'significantly' below its previous expectations. The carpet retailer said founder and Chairman Lord Harris of Peckham would take control and become full-time Chairman. C
Read moreSector movers: Carpetright drags retailers lower after profit warning, CEO exit
4th Oct 2013 14:58
A surprise profit warning and Chief Executive Officer (CEO) exit at Carpetright send the FTSE 250 plunging on Friday afternoon, dragging the general retail sector lower in London. Carpetright announced the departure of CEO Darren Shapland as it warned falling sales meant full-year profits would be
Read moreLondon midday: UK markets lack direction as US budget impasse persists
4th Oct 2013 11:31
After a slow start, the FTSE 100 had erased losses by midday on Friday but markets remain subdued as stocks struggle for direction in the absence of economic news and ongoing political uncertainty in the States. Since the partial shutdown of the US government has extended into its fourth day, gove
Read moreLondon open: Stocks fall as US shutdown continues
4th Oct 2013 08:36
Markets look to end the week on a quiet note with stocks lacking direction in the absence of the all-important US jobs report; the FTSE 100 fell slightly in the red on Friday morning. Since the partial shutdown of the US government has extended into its fourth day, governmental agencies and departm
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