Debenhams annual pre-tax profit rises as CEO announces resignation
22nd Oct 2015 08:09
(ShareCast News) - Department store operator Debenhams posted growth in annual pre-tax profit thanks to solid progress made against its strategic targets. In the year to 29 August, the FTSE 250 group saw pre-tax profit grow 7.3% year-on-year to £113.5m on the back of an improved stock-controlling st
Read moreSunday newspaper round-up: SAB Miller, Tesco, Wm Morrison
27th Sep 2015 16:25
(ShareCast News) - AB Inbev could table a £70bn bid for SAB Miller this week, firing the starting gun on the biggest-ever takeover of a British company. Over recent days the world's two biggest brewers have begun "friendly" talks, sources said. The discussions continued into yesterday, with Budweise
Read moreFTSE 250 movers: Healthy rise for Synergy Health, Aggreko powers down
25th Sep 2015 16:18
(ShareCast News) - The FTSE 250 was up 287.23 points or 1.74% to 16,801.76, rising sharply on Friday morning on the back of Janet Yellen's comments overnight. Synergy Health shares skyrocketed on the news that a federal court in Ohio has ruled against the Federal Trade Commission's request for a pre
Read moreMonday newspaper round-up: Pensions, Anglo American, China
21st Sep 2015 06:59
(ShareCast News) - Boris Johnson's pensions tsar has warned that the National Health Service faces a half-trillion-pound pension deficit and urged the government to tackle generous public sector retirement packages that have become unaffordable. In a report to the Treasury being submitted today, Edi
Read moreSunday newspaper round-up: Bond crisis, Altria's SAB stake, ITV, Anglo's dividend
20th Sep 2015 16:49
(ShareCast News) - The Bank of England will warn this week of a potentially damaging liquidity crisis in the gigantic market for government and corporate bonds, the Sunday Times said. A six-month investigation into bond markets culminates in a BoE's financial policy committee (FPC) meeting on Wednes
Read moreRBC upgrades Debenhams, cites undemanding valuation
1st Sep 2015 12:59
(ShareCast News) - RBC Capital Markets upgraded Debenhams to 'outperform' from 'sector perform', with a 100p price target. It said the share price is factoring in no growth, but the bank expects it to report is first full-year pre-tax profit growth in four years on 2 October. It also expects the com
Read moreFTSE 250 movers: Marshalls gains on interims, Debenhams slumps on downgrade
28th Aug 2015 14:36
(ShareCast News) - London's FTSE 250 was a touch higher on Friday and by 1445 BST, was trading up 0.2% at 16,952.75, with investors mostly keeping to the sidelines at the end of what's been a pretty turbulent week. Marshalls was the standout gainer after the paving slabs specialist posted a strong s
Read moreBroker tips: Next, Debenhams, Daily Mail and General Trust
28th Aug 2015 12:26
(ShareCast News) - Next has been downgraded by Credit Suisse to an 'underperform' rating from a prior 'neutral' as the clothes retailer's "routes to growth are slowing". Credit Suisse said it was increasingly concerned about the gradual slowdown in Next's near- and medium-term growth drivers. The S
Read moreLondon midday: Investors remain on sidelines ahead of US data
28th Aug 2015 11:34
(ShareCast News) - Investors stayed on the sidelines ahead of the release of a fresh batch of economic data Stateside in the afternoon, despite optimistic calls from many strategists. As of 1143 BST the Footsie was 2.95 points lower to 6,198.93 and Germany´s Dax-30 off by 0.65% to 10,248.60. Overnig
Read moreDebenhams slumps on UBS downgrade
28th Aug 2015 09:58
(ShareCast News) - Shares in retailer Debenhams were under pressure after UBS downgraded the stock to 'sell' from 'neutral' and cut its price target to 70p from 90p. The Swiss bank said its 'Evidence Lab' survey suggests customer intention to purchase in the next 12 months has seen the most signific
Read moreFTSE 250 movers: Drax leads charge while Grafton Group takes a hit
9th Jul 2015 16:11
Mid-cap stocks were up slightly on Thursday, by 1.07% at 16:42, with power generator Drax leading the upward charge. The power company put in a solid performance after tumbling to an all-time low on Wednesday after Chancellor of the Exchequer George Osborne announced the government will remove the C
Read moreDebenhams in the red after UBS downgrade
9th Jul 2015 09:40
Debenhams was under the cosh after UBS downgraded the stock to 'neutral' from 'buy', saying the risk-reward ratio is now balanced. After an increase of around 15% in the last three months, the share price has reached the bank's unchanged target price of 90p. "The main attraction of the stock is the
Read moreLondon close: Stocks snap five-day winning streak as Greek hopes fade
25th Jun 2015 17:12
UK stock markets finished in the red for the first time in six days on Thursday after another Eurogroup meeting failed to result in a deal for Greece, leaving Athens one step closer to defaulting on its debts. The FTSE 100, which had hit a high of 6,869.04 in morning trade, settled 36.98 points lowe
Read moreFTSE 250 movers: Petrofac boosted by upgrade, DS Smith higher on profit growth
25th Jun 2015 13:30
Mid caps inched higher on Thursday, as losses posted by construction, mining and engineering stocks were eclipsed by gains in the technology and real estate sectors. As of 15:00 BST, the FTSE 250 was trading 0.15% higher at 17,950. Petrofac topped the risers after Nomura upgraded the stock to 'buy'
Read moreLondon midday: Stocks inch higher as Greek crisis comes down to the wire
25th Jun 2015 11:30
UK stock markets swung into positive territory on Thursday though gains were only modest as investors awaited further news on the Greek debt crisis, after creditors issued an ultimatum to Prime Minister Alexis Tsipras. As negotiations over the next tranche of bailout aid come down to the wire, lende
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