Sunday share tips: Dunelm, Hyder Consulting, Fairpoint
29th Sep 2013 17:05
Buy homewares retailer Dunelm, the Sunday Times's Danny Fortson advised. The company has quietly powered its way through the long period of economic gloom and is about to launch its first national TV advertising campaign. Its October 2nd trading update is likely to feature a sales dip caused by unus
Read moreFriday broker round-up UPDATE
27th Sep 2013 08:48
Admiral Group: Berenberg ups target price from 1060p to 1080p, but still recommends selling. Amlin: Berenberg reduces target price from 422p to 398p and downgrades to sell. Atkins (WS): JP Morgan increases target price from 1298p to 1348p and maintains an overweight rating. AZ Electronic Material
Read moreLondon close: Stocks sink into the red ahead of FOMC outcome
18th Sep 2013 16:23
After a range-bound morning session, markets sunk into the red on Wednesday afternoon as investors reduced their appetite for risk ahead of the Federal Reserve policy decision later this evening. The FTSE 100 closed 11.35 points lower at 6,558.82, the index's second day in negative territory after
Read moreLondon midday: Markets rangebound ahead of Fed decision
18th Sep 2013 11:32
Markets were rangebound on Wednesday morning as investors showed nervousness ahead of the all-important Federal Reserve policy decision later this evening. UK stocks were registering moderating gains by midday but just 19 points separated the FTSE 100's intraday low (6,568) and high (6,587) as trad
Read moreLondon open: Stocks flat as investors turn cautious ahead of Fed
18th Sep 2013 08:16
Markets opened broadly flat on Wednesday morning as investors refrained from building positions ahead of the conclusion of this month's all-important Federal Reserve policy meeting. However, with an announcement from the US central bank not due out until after markets close this evening, there will
Read moreFriday broker round-up UPDATE
13th Sep 2013 08:26
ASOS: Panmure Gordon raises target price from 4555p to 5950p maintaining a buy recommendation. AstraZeneca: Jefferies reduces target price from 3200p to 2850p and retains a hold recommendation. Barclays: Jefferies initiates with a target price of 367p and a buy recommendation. Barratt Development
Read moreFriday tips round-up: Royal Mail, Gulf Keystone, Dunelm
13th Sep 2013 07:00
Yesterday´s trading information from Royal Mail should help investors assess the company´s correct valuation, as should the information regarding the dividend policy and the footnotes on financing arrangements and industrial relations. Key details are still missing however, not least the precise siz
Read moreDunelm boosted by new store openings
12th Sep 2013 07:04
UK homewares retailer Dunelm reported a 12.3 per cent increase in pre-tax profit for the year as it added new stores and saw improved demand for its products. The group, which opened 14 new stores in the year, bringing the total number to 126, said pre-tax profit increased to £108.1m for the 52 wee
Read moreBroker tips: Glaxo, IHG, Retailers
5th Sep 2013 11:25
Panmure Gordon has maintained its 'buy' recommendation for pharmaceutical giant GlaxoSmithKline but admitted that it was disappointed with the firm's setback on its potential new skin-cancer treatment. The broker explained that MAGE-A3 is a theraputic cancer vaccine - "the holy grail of the industr
Read moreBroker snap: Weather to dominate retailers' results, says Nomura
5th Sep 2013 10:56
Nomura has reiterated its 'bullish' view on the European retail sector, saying that while the macro signs of recovery are clear, the weather will likely drive updates from a host of companies this month. On the whole, Nomura said it remains upbeat about UK retail "as we expect a housing market reco
Read moreTuesday broker round-up UPDATE
27th Aug 2013 09:14
Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.
Read moreBroker snap: Nomura turns bullish on UK retailers
16th Jul 2013 09:25
Nomura has lifted its view on the UK retail sector from 'neutral' to 'bullish', even though the category has outperformed the wider market so far this year. The broker said that lower taxes and high social security - "hardly a recipe for confident spending" - have propped up disposable income over
Read moreFriday broker round-up UPDATE
5th Jul 2013 08:09
African Barrick Gold: Nomura lowers target price from 200p to 155p, while upgrading from reduce to buy. Barclays: Bank of America reduces target price from 410p to 370p, while leaving its buy recommendation unchanged. BHP Billiton: Investec ups target price from 1919p to 1926p maintaining a buy re
Read moreBroker tips: Lloyds, ASOS, Dunelm
4th Jul 2013 10:49
An improving picture of the housing market should start to rub off on UK banks, according to Nomura, which is viewing the the sector with 'guarded optimism'. Nomura has upgraded its rating for Lloyds from 'reduce' to 'neutral', saying that the company is now its top pick in the domestic UK banking
Read moreBroker snap: Dunelm a 'buy' after fourth-quarter beat, says Panmure
4th Jul 2013 10:44
Panmure Gordon has kept its 'buy' rating and 1,013p target price for UK homewares retailer Dunelm after the company's fourth-quarter trading statement came in much better than expected. "We think that Dunelm's valuation premium to the (very diversified) UK General Retail sector average can be exten
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