Thursday newspaper share tips: Debenhams, Elementis
23rd Jun 2016 14:52
(ShareCast News) - Debenhams was making progress with its strategy to diversify its product range and manage its stock better, but a challenging clothing market meant the company's shares should be avoided, according to The Times' Tempus. Tempus said the department store-operator was successfully
Read moreThursday broker round-up
23rd Jun 2016 13:11
(ShareCast News) - Ascential: Goldman Sachs reiterates buy with a target price of 278p. Sophos: UBS keeps at buy with a 300p target. SSP Group: JP Morgan keeps at overweight with a target price of 335p. Vodafone: HSBC upgrades to buy with a target of 175p. Bae Systems: Berenberg downgrades to hol
Read moreGoldman Sachs reiterates sell on Debenhams on expected drop in like-for-likes
23rd Jun 2016 12:02
(ShareCast News) - Goldman Sachs lowered its near and medium-term earnings forecasts and target price for department store-operator Debenhams. Pointing to the likelihood of declines in the company's like-for-like sales and pressure on gross margins as a result of foreign exchange headwinds in fiscal
Read moreLondon close: Financials and miners gain on eve of referendum
22nd Jun 2016 16:59
(ShareCast News) - Shares of financials and miners continued their advance on the eve of the EU referendum, despite warnings from quite a few analysts that the result of Thursday's vote was too close to call. The Footsie jumped 1.23% or 76.48 points to close at 6,303.03, with the mid-cap FTSE 250 in
Read moreDebenhams sales and margins shrink and in third quarter
22nd Jun 2016 07:02
(ShareCast News) - Department store group Debenhams revealed like-for-like sales shrank in recent weeks and, while it warned that gross profit margins may be flatter than previously thought, full year profit is still on track to hit its target range. Group like-for-like sales for the 15 weeks to 11
Read moreDebenhams poaches Amazon's European fashion chief
26th May 2016 07:43
(ShareCast News) - Debenhams has poached Amazon's European fashion boss, Sergio Bucher, to be the department store group's new chief executive from October. Bucher departs Amazon in a year when the online giant began to roll out its own-label fashions brands, which "brave strategy" the fashion press
Read moreB&M European Value declares ritzy divi as rapid expansion rolls on
26th May 2016 07:39
(ShareCast News) - B&M European Value Retail, the discounter chaired by Sir Terry Leahy, declared a special dividend as it posted final results showing strong sales, profits and cash generation. The FTSE 250 group, which floated almost two years ago, opened a record 79 UK stores in the UK and six Ja
Read moreCapita wins contract extension from Debenhams
22nd Apr 2016 08:06
(ShareCast News) - Capita has won an extension to its customer services outsourcing contract with department store operator Debenhams. Extending an agreement that began in 2012, the new contract runs until the beginning of September 2022 and is valued at £72m. Capita will continue to operate Debenh
Read moreTuesday broker round-up
19th Apr 2016 13:51
(ShareCast News) - Telecom Plus: Berenberg downgrades to hold with a target price of 1000p and Finncap reiterates buy with a 1225p target. Greggs: Berenberg upgrades to hold with a target price of 1020p. Zoopla: Credit Suisse reiterates outperform with a target price of 340p. Plus500: Berenberg st
Read moreDebenhams interim profit up, CEO resignation confirmed
14th Apr 2016 07:38
(ShareCast News) - Department store chain Debenhams posted a rise in first half profit as it confirmed the resignation of chief executive Michael Sharp. In its half year results for the 26 weeks to 27 February, the company reported pre-tax profit of £93.8m, up 5.5% from 2015, with basic earnings per
Read moreJefferies upgrades Next, downgrades M&S as it reviews retailers
30th Mar 2016 07:34
(ShareCast News) - Jefferies reviewed its ratings on London-listed retail stocks as it took a look at UK general retailers. "Retailers are facing many headwinds in 2016/17 and the sector has already lost its PER premium, however, while Brexit and FX are known issues there's a growing unemployment fe
Read moreMonday broker round-up
21st Mar 2016 18:26
(ShareCast News) - Gulf Keystone: Canaccord downgrades to sell with a target price of 14p. B&M European: UBS reiterates buy, 350p target. Ascential: Goldman Sachs reiterates buy with a target price of 278p and Exane BNP Paribas stays at neutral with a target price of 250p. Premaitha Health: Panmur
Read moreBroker tips: EnQuest, Debenhams, Smiths Group
18th Mar 2016 12:27
(ShareCast News) - Oil producer EnQuest's shares rose on Friday as Canaccord Genuity said the company is "one of the most attractive plays in the sector". EnQuest on Thursday reported a drop in full year earnings before interest, tax, depreciation and amortisation (EBITDA) to $465m from $581m in 201
Read moreInvestec downgrades Debenhams on structural challenges
18th Mar 2016 10:33
(ShareCast News) - Investec downgraded Debenhams to 'sell' from 'hold' and trimmed the price target to 67p from 70p amid expectations of little profit over the medium term. The brokerage said new chief executive does not change the fact there are structural challenges at the company. "With cost pre
Read moreThursday broker round-up
25th Feb 2016 13:08
(ShareCast News) - Petrofac: Jefferies upgrades buy with a target price of 855p, JP Morgan reiterates overweight with a target of 944p and Citigroup stays at buy. Merlin Entertaiments: Panmure Gordon reiterates buy with a target price of 480 and Shore Capital stays at hold. Wentworth Resources: Inv
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