Thursday broker round-up
4th Dec 2014 08:46
Aberdeen: Charles Stanley downgrades to 'hold'. Afren: Canaccord reduces target price from 115p to 65p, while staying with its 'speculative buy' recommendation. Amino Technologies: Northland moves target price from 120p to 130p and retains a 'buy' recommendation. Belgravium Technologies: WH Irelan
Read moreFriday newspaper round-up: Sports Direct/Debenhams, Songbird Estates, Miliband...
6th Nov 2014 19:24
Mike Ashley's Sports Direct International has increased its stake in Debenhams, the Daily Telegraph reported on Friday. The firm has sold an equity stake in its rival but has taken out a derivative over some of its shares, meaning its stake in the department store has risen from 11.22% to 12.7%. Spo
Read moreLondon midday: UK retailers rise on Morrison results, but markets flat ahead of ECB
6th Nov 2014 11:44
The London stock market was more or less flat by Thursday lunchtime, erasing earlier losses after a well-received update from Morrison's boosted shares in the retail sector. However, upside was being limited ahead of a number of risk events expected before the weekend, including a European Central B
Read moreFriday broker round-up UPDATE
24th Oct 2014 10:11
Advanced Medical Solutions: Oriel initiates with a target price of 135p and a buy recommendation. African Barrick Gold: JP Morgan moves target price from 300p to 310p maintaining its overweight rating. Canaccord Genuity reduces target price from 330p to 275p keeping a buy recommendation. Numis moves
Read moreThursday broker round-up UPDATE
23rd Oct 2014 08:33
Abcam: FinnCap moves target price from 390p to 400p keeping a hold recommendation. Anglo American: Investec places its target price (prev.: 1603p) under review keeping its buy recommendation. Arbuthnot: Numis raises target price from 1150p to 1300p upgrading from hold to add. British American Taba
Read moreDebenhams confident about Christmas despite lower FY profits
23rd Oct 2014 07:33
Department store group Debenhams reported a better second half and said it was confident about Christmas, although annual profits still fell. . Debenhams said it achieved higher full-price sales and fewer days of product promotions in the second half, resulting in better gross margins. It also star
Read moreFTSE 250 movers: Retail stocks lead rise as footfall decline slows
21st Oct 2014 14:38
Retail stocks were putting in a strong performance on Tuesday after data from BRC-Springboard showed the decline in UK retail footfall eased to 0.9% in September from a 1.1% drop in August. Stocks such as Debenhams, Home Retail, Just Eat, WH Smith and Halfords were all in positive territory. "With a
Read moreLondon midday: Ebola fears, macro concerns hit UK stocks
8th Oct 2014 11:34
Fears about a possible Ebola outbreak in Europe and continued concerns about the global economy were weighing on UK stocks on Wednesday. The FTSE 100 was down 0.3% at 6,475 by around midday with cyclical stocks and airlines providing a drag. Risk appetite was also being held back by nervousness ahe
Read moreFTSE 250 movers: Amec climbs after pleasing with update
3rd Oct 2014 15:57
Engineering and project management company Amec pleased with its first half results, in which it maintained its outlook and reported progress with its purchase of Foster Wheeler. Renishaw also rose after it reported a rise in first quarter revenue, supported by growth in the Far East. The UK engine
Read moreSports Direct buys additional 4.6% stake in Debenhams
3rd Oct 2014 09:04
Sports Direct has acquired a further 4.6% Debenhams, in a move which further strengthens the ties between the two firms. Since January, Mike Ashley's company has been tied to an option which could lead it to buy a 6.62% in Debenhams, Britain's second-biggest department store company. The deal, worth
Read moreTuesday broker round-up UPDATE
23rd Sep 2014 09:36
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged. African Minerals: Credit Suisse reduces target price from 120p to 25p, while leaving its neutral rating unchanged. Aviva: Goldman Sachs ups target price from 490p to 515p and reiterates a neutr
Read moreSector movers: Retailers fall as Next and Home Retail disappoint
11th Sep 2014 13:00
Poorly-received updates from the likes of Next and Home Retail Group ensured that the UK-listed general retail sector was firmly in the red on Thursday afternoon. High street giant Next delivered a solid first half with both sales and profits ahead of the company's original expectations, but under a
Read moreFriday broker round-up UPDATE
29th Aug 2014 10:58
Arrow Global: Numis shifts target price from 285p to 287p and leaves its add rating unchanged. Berendsen: Oriel raises target price from 1130p to 1243p keeping a buy recommendation. British Polythene Industries: Investec ups target price from 720p to 750p reiterating a buy recommendation. bwin.pa
Read moreBroker tips: BHP Billiton, StanChart, Balfour Beatty, Debenhams
20th Aug 2014 12:52
Credit Suisse said it sees a "lack of upside" at BHP Billiton after the company underwhelmed the market with its demerger plans, downgrading the mining stock from 'neutral' to 'underperform'. Credit Suisse said: "We think the shares have moved up on capital management expectations that were not del
Read moreCantor upgrades Debenhams but remains cautious
20th Aug 2014 11:05
Cantor Fitzgerald has lifted its recommendation for high street department store Debenhams from 'sell' to 'hold' after the recent sell-off in the shares, though it remains cautious about the retailer's longer-term strategy. The stock has fallen by 23% since Debenhams' profit warning in December 201
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