London close: Stocks rise tentatively ahead of four-day weekend, M&S jumps
2nd Apr 2015 16:37
Strong performances from Marks & Spencer and others in the retail sector pushed London stocks higher on Thursday ahead the four-day weekend. However, gains were only modest on the back of mixed economic data, UK political uncertainty and concerns over Greece. The FTSE 100 was up 0.35% by the end of
Read moreLondon midday: Retail stocks buoy markets led by M&S, but upside limited
2nd Apr 2015 12:01
London's stocks edged higher on Thursday ahead of the long weekend, helped in no small part by strong gains in the retail sector. However, gains were only modest as developments in Greece and uncertainty ahead of a live political debate in the UK weighed on sentiment. Meanwhile, mining stocks weaken
Read moreLondon open: M&S gains, but UK stocks flat ahead of long weekend
2nd Apr 2015 08:46
High street department store Marks & Spencer led retailers higher on Thursday morning, though the wider markets was kept broadly flat as concerns about Greece and UK political uncertainty limited upside. M&S shares surged 5.5% after an unexpected return to growth in clothing sales, while Dunelm and
Read moreDunelm sales growth hit by tough comps ahead of "volatile" summer
2nd Apr 2015 07:54
UK homewares retailer Dunelm delivered a upbeat outlook on Thursday after increasing sales by 10.7% in the third quarter, though growth did tail off slightly from the first half. The company also warned that meeting its full-year targets will depend on how trading will fare over the "volatile" summe
Read morePanmure Gordon picks out "most vulnerable" UK dividends
18th Feb 2015 13:27
Panmure Gordon has warned of "storm clouds on the horizon" for income investors as corporate payouts reach "unsustainable" levels and has picked out several FTSE 350 companies where dividends appear particularly vulnerable. Although the UK economy has begun 2015 in rude health, the broker pointed ou
Read moreLondon midday: Greek uncertainty pressures UK stock market lower
11th Feb 2015 12:04
UK stocks declined for the fourth straight session on Wednesday with the focus firmly on Greece as the new government faces a stand-off with its international creditors. London's FTSE 100 was down 0.4% at 6,800 by midday, ahead of an emergency meeting of Eurogroup finance ministers in Brussels. The
Read moreLondon open: Markets subdued as investors await Greek developments
11th Feb 2015 08:25
UK stock markets opened slightly lower on Wednesday, falling for the fourth straight day as investors awaited news flow from Greece. London's FTSE 100 was down 0.15% at 6,819 early on. All eyes will be on the emergency meeting of Eurogroup finance ministers on Wednesday, where Greece's Yanis Varouf
Read moreDunelm proposes special dividend as first-half sales jump 14%
11th Feb 2015 07:55
Strong growth online and new store openings helped Dunelm deliver a 14% increase in sales in the first half, as the homeware retailer lifted its interim dividend by 10% and announced a special dividend. Revenues totalled £406.4m in the six months to 27 December 2014, up from £356.4m the year before.
Read moreDunelm revenues up despite rising costs
8th Jan 2015 09:10
Dunelm Group, a homewares retailer, said its revenues increased during the first half of the financial year despite a rise in operating costs. The retailer sold £406.4m during the first half in December, compared to £356.4m the year before. The furniture department sold £20m, an increase of 60%, wh
Read moreTuesday broker round-up UPDATE
28th Oct 2014 09:18
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating. African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating. Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation. APR Energy:
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreMonday broker round-up
6th Oct 2014 10:05
Asos: UBS ups target price from 4000p to 4050p and stays with its buy recommendation. Cranswick: Numis cuts target price from 1326p to 1296p and keeps a hold recommendation. Dunelm Group: Citi reduces target price from 930p to 870p downgrading to neutral. easyJet: Citi ups target price from 1600p
Read moreFriday broker round-up UPDATE
3rd Oct 2014 09:25
Anite: Investec places its target price (prev.: 90p) under review maintaining a hold recommendation. Avon Rubber: WH Ireland ups target price from 765p to 800p and retains a buy recommendation. Investec ups target price from 700p to 720p upgrading from add to buy. BTG: Panmure Gordon raises target
Read moreStrong trading drives Dunelm sales in Q3
3rd Oct 2014 08:55
Strong trading saw third quarter sales at homewares retailer Dunelm rise to £180.6m, a 17% year-on-year gain. Like-for-like growth was 8.9% compared with a 5.3% decline in the corresponding period 12 months ago, the company said, adding that gross margin had continued to rise, with an estimated 40 b
Read moreSunday share tips: Dunelm, Essentra, Eros International
28th Sep 2014 17:28
It's a good time to buy shares in Dunelm, Danny Fortson argued in the Sunday Times's Inside the City column. Just over a third of its customers are retired and almost half have paid off their mortgages so they have time and money. Will Adderley of the founding family has taken over as Chief Executiv
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