Retail sales fall in April as cold hits footwear and fashion, says BRC-KPMG
10th May 2016 10:27
(ShareCast News) - British retail sales in April fell on a like-for-like basis compared to last year, with non-food sales outweighing positive food sales. The monthly Retail Sales Monitor (RSM) from the British Retail Consortium (BRC) and KPMG showed total sales were flat for a second month in a row
Read moreDunelm founding family sell shares to institutions
13th Apr 2016 09:00
(ShareCast News) - Dunelm's deputy chairman Will Adderley, son of founder Bill, has sold 4% of the home furnishing retailer's shares just weeks after its solid third-quarter results. Adderley sold 8m shares to institutional investors in a placing managed by UBS and Stifel Nicolaus Europe. A stateme
Read moreBroker tips: Direct Line, Dunelm, Aggreko
11th Apr 2016 11:45
(ShareCast News) - Barclays downgraded Direct Line Insurance to 'equalweight' from 'overweight' and cut the price target to 369p from 443p as it took a look at UK motor insurers. The bank noted Direct Line has been one of the best performing insurance stocks since its IPO in 2012, more than doubling
Read moreCanaccord leaves Dunelm at 'hold' but raises target price
11th Apr 2016 09:42
(ShareCast News) - Canaccord Genuity kept Dunelm at a 'hold' rating but raised its target price to 950p from 910p, saying it has "long traded at a significant premium to the wider sector". The home furnishing retailer on 7 April reported third quarter revenue growth of 5.9%. Total like-for-like (LFL
Read moreThursday broker round-up
7th Apr 2016 15:32
(ShareCast News) - Zoopla: UBS downgrades to neutral with a target price of 260p. Caledonia Mining: Panmure Gordon downgrades to hold, 61p target. Burberry: RBC downgrades underperform with a target price of 1300p, JP Morgan reiterates neutral with a target of 1400p and UBS keeps at buy with a targ
Read moreLondon pre-open: Slightly higher start expected
7th Apr 2016 07:08
(ShareCast News) - Stocks were expected to start the morning higher, tracking strong gains on Wall Street in the wake of the latest set of Federal Reserve meeting minutes which revealed deep divisions among the US central bank's rate-setters. The FTSE 100 was being called to start the day up by eigh
Read moreDunelm reports growth in shorter third quarter
7th Apr 2016 07:05
(ShareCast News) - Home furnishings retailer Dunelm reported three months of growth on Thursday, with total revenue for the third quarter increasing by 5.9%. Total like-for-like growth, combining like-for-like stores and home delivery, increased by 1.1%. The company pointed out that, due to the 53rd
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 moreFTSE 250 movers: Domino's leads index after upgrade
10th Feb 2016 15:26
(ShareCast News) - The FTSE 250 made some ground on Wednesday, with the second tier index up 252.74 points (1.65%) to 15,569.67 by mid-afternoon. Domino's Pizza Group led the risers after Credit Suisse upgraded the stock from 'neutral' to 'outperform' and added it to its Europe Small and Mid-Cap Foc
Read moreBroker tips: Shire, Dunelm, Glencore
10th Feb 2016 13:38
(ShareCast News) - RBC Capital Markets upgraded Shire to 'outperform' from 'sector perform', keeping the $240 price target ahead of the company's fourth quarter results on Thursday. RBC said that following the recent pullback, the share price reflects attractive value and future competitive threats
Read moreCanaccord reiterates 'hold' rating for Dunelm
10th Feb 2016 10:23
(ShareCast News) - Canaccord Genuity has reiterated its 'hold' rating for Dunelm Group after the homewares retailer declared a special dividend and reported a solid first half. For the 26 weeks to 2 January, the FTSE 250 list company lifted sales 10.3% to £448.1m, with store like-for-like (LFL) sale
Read moreDunelm declares special dividend after strong first half
10th Feb 2016 08:06
(ShareCast News) - Homewares retailer Dunelm Group has declared a special dividend payment after a solid first half of the year boosted by strong sales post Christmas, and is now looking to greatly increase its store presence in London as part of new new chief executive John Browett's strategy. For
Read moreFTSE 250 movers: Oil prices help market stay mostly in the black
13th Jan 2016 15:23
(ShareCast News) - The FTSE 250 was in the black for most of Wednesday, before a sharp fall late in the afternoon sent it into the red. The second-tier market was down 2.79 points (0.02%) to 16,685.12 under an hour before the market was due to close. Oil and gas producers and service providers were
Read moreFTSE 250 movers: Dunelm rallies on strong sales; Hays tumbles on cautious outlook
8th Oct 2015 13:50
(ShareCast News) - London's FTSE 250 index was down 0.3% to 16,978.38 at 1430 BST, as investors digested news that the Bank of England has decided to stand pat on interest rates and the size of its asset purchase programme, as widely expected. Dunelm was on the front foot after the homeware retailer
Read moreDunelm's first quarter sales surge
8th Oct 2015 08:01
(ShareCast News) - Homewares retailer Dunelm Group posted an increase in first quarter sales on the back of seasonal merchandise and improved product ranges. In the 13 weeks to 3 October, the FTSE 250 posted a 12% year-on-year increase in total sales to £202.3m, while like-for-like sales climbed 5.5
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