Morgan Stanley cuts Dixons Carphone to 'underweight'
27th Jan 2015 12:24
Dixons Carphone's stock took a tumble on Tuesday after US banking giant Morgan Stanley lowered its recommendation on the electrical retailer from 'equal weight' to 'underweight'. Analysts said that the shares were significantly overvalued, having risen by nearly a fifth since the merger of Dixons Re
Read moreLondon midday: Airlines rise, but FTSE lower after weak data, macro concerns
27th Jan 2015 12:01
Weaker-than-expected UK data and concerns over Russia weighed on London's stock exchange on Tuesday, as the market pulled back from its highest level in over four and a half months. US stock futures were also heading lower ahead of the opening bell on Wall Street as tech giant Microsoft underwhelmed
Read moreFTSE 100 movers: Pearson soars on higher-than-expected profits, Sports Direct sinks on share sales
21st Jan 2015 14:18
Pearson, the Financial Times and education publisher, rose strongly after guiding to higher profits in 2015 as it maintained its forecast for results last year. Adjusted earnings per share should rise to 75p-80p this year, compared with an estimated 66p in 2014. Vodafone was also among the risers
Read moreBroker tips: Dixons Carphone, JD Wetherspoon, IG Group
21st Jan 2015 11:52
Investec has lifted its target price for Dixons Carphone from 465p to 500p and retained its 'buy' recommendation for investors, saying that the update on Wednesday reflected a "Christmas cracker" for the electrical retailer. "Management has indicated expectations for [the year ending April 2015] to
Read moreLondon midday: UK stocks at three-week high on hopes for central bank support
21st Jan 2015 11:19
UK stocks are trading at their highest levels in over three weeks as speculation grows about further potential stimulus in the Eurozone and continued loose monetary policy in the UK. London's FTSE 100 was up 0.7% at 6,666 by midday, after closing at 6,620.10 on Tuesday, its highest finish since 29 D
Read moreInvestec lifts Dixons Carphone target after "Christmas cracker"
21st Jan 2015 10:37
Investec has lifted its target price for Dixons Carphone from 465p to 500p and retained its 'buy' recommendation for investors, saying that the update on Wednesday reflected a "Christmas cracker" for the electrical retailer. "Careful planning and tactical promotions have enabled Dixons Carphone to d
Read moreLondon open: UK stocks rise as corporate updates impress
21st Jan 2015 08:23
A decent rally on Wall Street and gains on Asian markets led to a positive start for UK stocks on Wednesday, helped by well-received updates from a number of blue chips. The FTSE 100 was up 0.4% at 6,646, with trading statements from Pearson, Dixons Carphone and SABMiller impressing investors early
Read moreLondon pre-open: Small gains expected with FTSE at three-week high
21st Jan 2015 07:44
UK stocks are expected to extend a three-week high when markets open on Wednesday, as speculation continues to ramp up ahead of the European Central Bank (ECB) meeting. City sources predict the FTSE 100 to open 12 points higher than Tuesday's close of 6,620.10. This was the index's best finish since
Read moreDixons Carphone raises profit guidance after happy Christmas
21st Jan 2015 07:10
After a strong Christmas trading period saw sales increase at stable margins, Dixons Carphone has increased its guidance for full year profits. Like-for-like sales for the group as a whole, which was created last summer with the merger of Dixons and Carphone Warehouse, increased 7% for the 9 weeks e
Read moreLondon close: UK stocks settle at 2015 high as market awaits ECB decision
19th Jan 2015 16:32
London's FTSE 100 eked out a gain of 0.5% on Monday in the absence of US trading, as investors took advantage of a quiet news day to push stocks to their highest levels of the year The Footsie finished 35.26 points higher at 6,585.53, its best finish since 29 December 2014 when it settled at 6,633.5
Read moreFTSE 100 movers: Miners lower on funding fears, Dixons boosted by Christmas trading optimism
19th Jan 2015 14:00
Dixons Carphone topped the risers after analysts expressed optimism about the upcoming Christmas trading results on Wednesday. Estimates sit at a 5% increase in like-for-like sales, as published in Sunday papers including the Sunday Express and the Mail on Sunday. Travis Perkins was also trading
Read moreBroker tips: Mining stocks, Dixons Carphone, Xaar
17th Dec 2014 13:00
After the recent falls across the mining sector, Liberum Capital has upgraded its rating on the category from 'sell' to 'hold', though the broker still sees plenty of downside risks in 2015. Liberum has lifted its stance on Rio Tinto, Glencore and Anglo American from 'sell' to 'hold', while BHP Bill
Read moreLondon midday: UK stocks back in the red ahead of Fed meeting
17th Dec 2014 12:18
UK stocks were back in the red on Wednesday after their first gain in seven days the previous session, with investors scaling back risk appetite ahead of a number of risk events. Along with a host of economic data due out during the session, markets were keeping an eye out for minutes for the latest
Read moreInvestec lifts target price for Dixons Carphone after strong results
17th Dec 2014 11:42
Investec has lifted its target price for electrical product and mobile phone retailer Dixons Carphone (DC) after the company's well-received maiden interim results on Wednesday. The broker lifted its target for the shares from 395p to 465p after upgrading its forecasts for profits over the next two
Read moreDixons Carphone hails strong H1 in UK but shakes up Dutch and German ops
17th Dec 2014 07:07
Electrical retailer Dixons Carphone said a strong first half in the UK had put it in a good position in the run-up to Christmas, but it warned that trading in the Netherlands and Germany was still tough and it was taking action to review and restructure that business. Dixons Carphone, formed from th
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