Thursday preview: UK GDP, Debenhams finals, Barclays interims
26th Oct 2016 13:27
(ShareCast News) - UK economic growth is expected to slow in the third quarter amid uncertainty surrounding the Brexit vote. The Office for National Statistics' preliminary estimate of gross domestic product for the third quarter on Thursday is expected to show 0.3% growth compared to the previous t
Read moreSunday newspaper round-up: GDP, RBS, Anglo, William Hill, bank exit
23rd Oct 2016 15:02
(ShareCast News) - In the first official reading on how the whole UK economy has performed since the Brexit vote, the Office for National Statistics (ONS) is expected to say growth more than halved from 0.7% in the second quarter to 0.3% between July and September. According to economists polled by
Read moreTuesday broker round-up
18th Oct 2016 12:36
(ShareCast News) - BT Group: Goldman Sachs keeps at buy with a target price of 560p. Bellway: Canaccord reiterates buy, 2350p target. Standard Life: Barclays keeps at underweight with a 301p target. Debenhams: HSBC maintains reduce with a 50p target. Smiths Group: UBS keeps at neutral with a 1510
Read moreBroker tips: Wood Group, Petrofac, Ashmore, Debenhams
17th Oct 2016 12:35
(ShareCast News) - Raymond James initiated coverage of Wood Group at 'outperform' with a 900p price target. It said Wood was in the frontline to take advantage of the oil market recovery it expects. Raymond James said management has weathered the downturn well, preserving the strong balance sheet.
Read moreMorgan Stanley downgrades Debenhams on pension deficit woes
17th Oct 2016 09:07
(ShareCast News) - Morgan Stanley downgraded Debenhams to 'equalweight' from 'overweight' and cut the price target to 70p from 95p on pension deficit concerns. "When Debenhams reports its prelims next Thursday, we expect the operating results to be routine. We are concerned, however, that these may
Read moreMost-shorted Morrisons could see burnt fingers for shorters, Cavendish warns
15th Sep 2016 12:02
(ShareCast News) - Around 18% of Wm Morrisons' stock is currently out on loan, offering investors the potential for strong gains should the grocer continue to perform as well as its half-year results suggest, a fund manager said on Thursday. The FTSE 100 supermarket is reported to be the second most
Read moreFriday broker round-up
9th Sep 2016 13:37
(ShareCast News) - Merlin Entertainments: UBS reiterates buy with a target price of 540p. Fenner: Jefferies maintains buy with a 205p target. Randgold Resources: UBS upgrades to buy with a 9750p target. Lloyds: Berenberg reiterates hold with a 55p target. BAE Systems: Goldman Sachs keeps at buy w
Read moreHSBC downgrades Debenhams on structural concerns
9th Sep 2016 08:15
(ShareCast News) - HSBC downgraded Debenhams to 'reduce' from 'hold' but nudged the price target up to 55p from 53p, pointing to long-term structural concerns. The bank said a rally in GBPUSD has supported a rebound in wider sector valuations. However, Debenhams is structurally challenged. It noted
Read moreBroker tips: Smiths Group, AB Foods, Micro Focus
30th Aug 2016 13:10
(ShareCast News) - Smiths Group's shares gained on Tuesday as JP Morgan Cazenove reiterated an 'overweight' rating and lifted the price target to 1,585p from 1,300p. JP Morgan said the technology company's 2016 financial year ended on a "very positive note", with the trading update on 9 August indic
Read moreRBC ups AB Foods, downgrades Sports Direct and Debenhams
30th Aug 2016 09:52
(ShareCast News) - RBC Capital Markets upgraded Associated British Foods, but downgraded Debenhams and Sports Direct as it took a look at the European general retail sector. "The general retail sector has bounced back from a post-Brexit selloff. However, we still see opportunities to buy stocks like
Read moreIreland's Debenhams Retail Ltd exits examinership, 1330 jobs saved
22nd Aug 2016 16:17
(ShareCast News) - The High Court of Ireland has approved a restructuring programme for Debenhams Retail Ltd, meaning it will leave examinership in Ireland and 1330 jobs will be saved, a report said. Debenhams Retail Ltd is the Ireland subsidiary of Debenhams. Back in May, KPMG's Kieran Wallace was
Read moreFTSE 250 movers: Gold miners weigh against rising builders
22nd Aug 2016 13:44
(ShareCast News) - The FTSE 250 index was in the red late on Monday as a cabal of resources stocks cancelled out gains from housing related companies. Amid general renewed pressure on commodity prices hitting much of the sector, gold miners were the heaviest weight around the neck of the mid-cap ind
Read moreDirector dealings: Debenhams and NewRiver execs go bargain hunting
7th Jul 2016 16:18
(ShareCast News) - A pair of Debenhams directors have dipped into the market as shares in the department store group sank to a seven-year low, while the chief executive of NewRiver Retail has also looked to top up his holdings as the retail property investment group subsided to a 20-month low. Senio
Read moreGoldman takes down price targets on UK General Retailers
27th Jun 2016 12:49
(ShareCast News) - Goldman Sachs cuts its target prices on General Retailers in the UK on expectations for lower non-food retail spending in 2017, to reflect movements in foreign exchange rates and on the basis of a now higher estimated UK equity risk premium. Combined, those three factors drove an
Read moreBroker tips: BAE Systems, IAG, Debenhams
23rd Jun 2016 15:19
(ShareCast News) - Analysts at Berenberg pared their earnings estimates for BAE Systems, while highlighting the risk that the debate surrounding the UK's maritime defence budget might drive negative sentiment in the backhalf of 2016, which led them to downgrade their recommendation. The June Defence
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