Broker Tips: Petrofac, Entertainment One, Admiral, Sage, Debenhams, Elementis
25th Jun 2015 10:43
Petrofac shares rose 3.2% on Thursday after Nomura upgraded the stock to 'buy' from 'neutral' and raised the price target to 1,130p from 765p. The broker said the valuation was undemanding in the context of an incrementally positive Middle East outlook and improved risk/reward of Integrated Energy S
Read moreAnalysts sceptical of Debenhams' performance following trading update.
25th Jun 2015 09:21
Analysts said department store Debenhams was "yet to convince" and described Thursday's trading update as "inconclusive." Investec analysts said that unlike others, they expected little profit uptick from Debenhams, and reiterated a 'sell' rating. However, Investec raised its price target from 6
Read moreLondon open: Stocks snap winning streak as Greek hopes fade
25th Jun 2015 08:36
UK stocks snapped a five-day winning streak on Thursday morning as hopes for an overnight Greek debt deal were dashed, with Athens and its creditors failing to come to an agreement. The FTSE 100 was trading 0.21% lower at 6,830.50 early on. Greece remained "firm on its position", according to a Gre
Read moreDebenhams to meet full-year market expectations
25th Jun 2015 07:30
Department store Debenhams said it was on track to meet full-year gross profit targets, in a trading update on Thursday. The retailer said gross transaction value was up 1.7% over the last 41 weeks, while like-for-like sales had inched up 0.9%. The department store said it is adjusting its promoti
Read moreS&P upgrades outlook on Debenhams, expect improving trends this year
27th May 2015 13:27
Ratings agency S&P said it sees an improved operating performance this year at UK department store chain Debenhams, as it raised its outlook for the company from 'negative' to 'stable'. The agency, which maintained its 'BB-' corporate credit rating for the retailer, said its revised outlook "reflect
Read moreDebenhams' CEO and trading director sell shares after strong H1 results
20th Apr 2015 15:36
Debenhams' chief executive and trading director both sold some of their shares in the retailer on Monday to cover tax and national insurance liability after exercising share options. Chief executive Michael Sharp exercised 307,334 share options from a 2011 performance share plan and subsequently sol
Read moreFriday tips round-up: Debenhams, Pennon
17th Apr 2015 16:56
Debenhams has always traded at a discount to the retail sector due to the belief that department stores will struggle to compete with other retailers. News at the start of 2015 that sales had struggled in the fall in the face of cold weather placed a further drag on the stock. However, markets seem
Read moreFTSE 250 movers: Miners lower, WH Smith continues higher on franchise partner offers
17th Apr 2015 13:33
Mining stocks were trading lower, a result of widespread fluctuation in metal prices and Credit Suisse revealing that industrial metals performed poorly in March. Evraz, Vedanta Resources and Petra Diamonds were all in the red. Serco Group dipped as Fitch Ratings warned that the general election wou
Read moreFTSE 250 movers: Debenhams surges on strong H1, Telecom Plus lower on profit warning
16th Apr 2015 13:41
Debenhams topped the risers after posting half-year results above its forecast, reversing a decline in sales over its financial first quarter. "Overall we delivered a good first half performance despite a difficult clothing season in Autumn and we are on track to achieve full year expectations," sai
Read moreDebenhams posts H1 results above forecasts
16th Apr 2015 08:51
UK department store chain Debenhams has posted half-year results above its forecast, reversing a decline in sales over its financial first quarter. In a trading update on Thursday, the group said like-for-like sales increased 1.3%, while pre-tax profits rose 4.3% to £88.9m during the last six months
Read moreThursday preview: Debenhams expected to report flat half-year results
15th Apr 2015 16:13
Debenhams will update the market on its progress with the company's interim results due out on Thursday, following a disappointing first-quarter trading statement in January. The UK department store chain at the start of the year posted a 0.8% drop in like-for-like first quarter sales, as compared t
Read moreDebenhams appoint ex-Home Retail boss as non-executive director
10th Apr 2015 13:27
Department-store chain Debenhams appointed former Home retail chief executive Terry Duddy as a non-executive director. Duddy is also chair of the Retail Trust and non-executive director of Hammerson and joins the board as the group hopes to improve its margins after it reduced its forecasts for 2015
Read moreThursday tips round-up: Bellway, CardFactory
26th Mar 2015 17:45
There is no sign that housing is cooling off, homebuilder Bellway told investors. Since January its reservations were up by 10%, despite the uncertainty surrounding the upcoming elections. In the latest half-year, ended in January, the company increased its spend on land by 48% to hit £355m - althou
Read moreLondon close: FTSE 100 books new all-time highs to close above 7000
20th Mar 2015 16:52
Dovish central banks and fading worries about Greece exiting the Eurozone propelled the London market to record fresh all-time highs on Friday. At Friday's close, the FTSE 100 index stood strong at 7022.51, up 0.8% on the day, off a touch from its session high of 7024.21. "The FTSE 100's landmark m
Read moreFTSE 250 movers: Miners higher, Debenhams weaker on downgrade
20th Mar 2015 13:45
Vedanta Resources topped the risers, despite cutting its capital expenditure budget for 2015 by $400m and halving its 2016 budget. Miners Lonmin and Kaz Minerals were making gains on the rising three-month copper futures, which were 1.5% higher. Ophir Energy was boosted as investment analysts at De
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