London pre-open: Quiet start as investors await Draghi, Eurozone retail sales, OECD
3rd Jun 2015 07:24
London-listed stocks are set for modest gains on Wednesday morning as investors await stronger direction, following little change in the US and a mixed picture in Asia over night. City sources predict the FTSE 100 will open just 3-4 points higher than Tuesday's close of 6,928.27. With Greece provid
Read moreDixons Carphone to beat profits guidance after stunning fourth quarter in UK
3rd Jun 2015 07:04
After an electric performance from the UK in the fourth quarter Dixons Carphone said its full year profits are likely to be "slightly above" the top end of its previous guidance. Sales in the UK and Ireland grew by a supreme 13% on a like-for-like basis in the 17 weeks to 2 May, even improving on th
Read moreWednesday broker round-up
27th May 2015 07:57
Beazley: JP Morgan upgrades to overweight from neutral and sets 308p target, up from 255p. Hiscox: JP Morgan upgrades to overweight from neutral and ups target to 950p from 801p. Lancashire Holdings: JP Morgan improves target price to 642p from 589p, stays at neutral. Dixons Carphone: Exane keeps
Read moreDixons Carphone's risks are overstated and shares undervalued says bullish Exane
26th May 2015 12:05
Exane has lifted its target price for Dixons Carphone and said the share remains one of its top picks in the sector, with momentum "amongst the best in the sector, yet valuation is amongst the lowest". The broker said it was "giving credit where it's due", with market share gains, merger synergies a
Read moreFTSE 100 movers: miners and oil stocks dominate fallers, ITV rebounds
15th May 2015 12:28
The UK blue chip index retreated on Friday as a calmer bond market and favourable British construction data was overpowered by a weaker commodities market. Sector-wise, oil and industrial metal stocks provided the biggest drag on the FTSE, dwarfing the boost provided by real estate and travel. At 3:
Read moreFriday broker round-up
8th May 2015 10:42
IMI: JP Morgan reiterates overweight. ITV: Westhouse Securities reiterates add and 288p target. Aviva: Canaccord Genuity reiterates buy and 600p target. Randgold Resources: Credit Suisse reiterates neutral and 5,050p target. UBS stays at buy with 5,600p target. Provident Financial: Canaccord Genu
Read moreDixons Carphone sells Dutch business
24th Apr 2015 08:26
Telecoms retailer Dixons Carphone has reached an agreement to sell an 83% stake in The Phone House Netherlands BV to Relevant Holdings BV, a vehicle set up for the deal by sector peer Optie1. The FTSE 100 group said that it will remain a minority shareholder after the deal, which is expected to be c
Read moreFTSE 100 movers: Sainsbury's breaks key technical level
15th Apr 2015 13:07
Sainbury's was top of the leaderboard due to a technical move higher, according to City traders, in what was described as a "very squeezy" market where all top risers in Europe all have big short bases. The grocer's shares started the day's move higher after breaking a key technical level in early t
Read moreDixons Carphone completes disposal of The Phone House Deutschland
15th Apr 2015 08:48
Telecoms retailer Dixons Carphones has reached an agreement to sell The Phone House Deutschland GmbH to Drillisch AG, a leading mobile virtual network operator in Germany. The FTSE 100 group said the disposal was in line with the group's strategy and that it followed a period of "significant restruc
Read morePhones4u creditors set to gain a small return on debt
14th Apr 2015 14:55
Creditors of former UK mobile phone retailer, Phones4u, are expected to get a little return on their money. The unsecured creditors of the retailer have been told they will likely receive just 0.4% of their money back, according to administrators PriceWaterHouseCoopers. This comes after PwC previou
Read moreFTSE 100 movers: Burberry higher on new director, Johnson Matthey hit by downgrade
11th Mar 2015 13:41
Shares in Burberry advanced after the British fashion house appointed Fabiola Arredondo as a non-executive director. Arredondo, once named by The Wall Street Journal as the most influential businesswoman in Europe, has previously held senior roles at Yahoo, the BBC and Bertelsmann. Temporary power a
Read moreSector movers: Supermarkets lead retailers higher on upbeat grocery data
10th Feb 2015 15:09
Retailers were at the top of investors' shopping lists on Tuesday after an acceleration in UK retail sales growth lifted sentiment, while supermarkets were supported by some upbeat grocery news from Kantar. UK-listed supermarkets such as Tesco and Morrisons were making decent gains in afternoon trad
Read moreSunday newspaper round-up: Lloyds, BT, Standard Chartered
1st Feb 2015 13:33
Lloyds Banking Group is preparing to pay a dividend for the first time since it was bailed out by taxpayers, the Sunday Telegraph reported. The board will sign off the group's annual results and then ask the Bank of England permission to pay a dividend before announcing results on February 27th. Llo
Read moreFTSE 100 movers: Airlines Easyjet and IAG flying high, Dixons hit by downgrade
27th Jan 2015 13:32
Shares in Easyjet ascended after the British budget airline said it now expects an increase in revenues per seat in the first half. The company said revenue per seat at constant currency should rise by 2% on last year, compared with its previous guidance of "flat to very slightly up". It also expect
Read moreBroker tips: HSBC, Eastyjet, Dixons Carphone
27th Jan 2015 12:28
HSBC's share price was under pressure on Tuesday after broker Investec lowered its rating for the stock from 'add' to 'hold', saying that the bank's upcoming fourth-quarter results could disappoint. The broker said that a weak showing from the bank on 23 February will "trigger downgrades", as it low
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