Sector movers: Retailers fall as Next and Home Retail disappoint
11th Sep 2014 13:00
Poorly-received updates from the likes of Next and Home Retail Group ensured that the UK-listed general retail sector was firmly in the red on Thursday afternoon. High street giant Next delivered a solid first half with both sales and profits ahead of the company's original expectations, but under a
Read moreDunelm CEO steps down as annual profits rise
11th Sep 2014 07:51
Dunelm has announced the resignation of its chief executive officer (CEO) Nick Wharton, as the homeware retailer hiked its dividend by 25% after a solid set of annual results. Wharton said "the time is right for a new challenge" as he handed over the reins to executive deputy chairman and former CEO
Read moreDunelm appoints Whitbread CEO as new director
17th Jul 2014 08:01
Out-of-town homewares retailer Dunelm has appointed Whitbread boss Andy Harrison as its new Non-Executive Director. Harrison, who has run Costa and Premier Inn owner Whitbread since 2010 and was Chief Executive of airline easyJet before that, will join Dunelm's board on September 1st. "I am very p
Read moreWednesday broker round-up UPDATE
16th Jul 2014 09:00
Alent: Liberum Capital initiates with a target price of 400p and a buy recommendation. APR Energy: Citi reduces target price from 1350p to 650p and downgrades to neutral. ARM Holdings: FinnCap upgrades from hold to buy with a target price of 1000p. Ashmore Group: Numis ups target price from 350p
Read moreLondon midday: FTSE 100 extends losses as insurers and retailers fall
9th Jul 2014 12:03
- Admiral, Aviva lead markets lower - FTSE 100 on track for worst finish since late April - Retailers fall as UK retail prices fall 1.8% - Investors nervous ahead of Fed minutes techMARK 2,777.53 -0.59% FTSE 100 6,708.55 -0.44% FTSE 250 15,526.79 -0.80% UK stocks were heading for their worst finis
Read moreWednesday tips round-up: Shire, Dunelm
9th Jul 2014 10:12
Shares of Shire failed to move higher despite AbbVie raising the aggregate amount of its bid to £51.15 from £46.26, showing that investors have little faith in the deal actually going through or in AbbVie's ability to further increase its offer. Are they correct? Should Abbvie increase its offer aga
Read moreDunelm's annual profit up 7% after strong fourth quarter
8th Jul 2014 08:09
UK homeware retailer Dunelm said that annual profits grew by around 7% after a strong end to the financial year with sales growth picking up in the final quarter. The group said it expects to report a pre-tax profit of £116m for the year to June 28th, up from £108.1m previously. Total sales increa
Read moreSector movers: M&S caution, rate-hike speculation dampen retail stocks
7th Jul 2014 14:55
General retail stocks were under the weather on Monday as investors showed nervousness ahead of results from High Street bellwether Marks & Spencer and reacted to rate-hike speculation. Shares in M&S were down 1% this afternoon before its fiscal first-quarter update due out Tuesday morning which wi
Read moreFTSE 250 movers: NMC Health rises on CEO purchase
30th Jun 2014 15:36
NMC Health continued to surge, extending Friday's gains after its Chief Executive Officer and founder, B. R. Shetty, purchased 10m shares from its largest shareholder at a price of 500p per share. At the end of last week Numis Securities reiterated its 'buy' rating following the group's pre-close t
Read moreFTSE 250 movers: Housebuilders jump following new BoE measures
26th Jun 2014 15:16
Housebuilders and related stocks including Redrow, Countrywide, Taylor Wimpey and Galliford Try leapt as investors reacted postively to the new Bank of England measures to cool the housing market. Alastair Stewart from Westhouse Securities said that the measures were "less draconian than many observ
Read moreEnquest CEO family trust adds to already sizeable stake
8th Apr 2014 15:55
Amjad Bseisu, the Chief Executive Officer of oil and gas producer Enquest, has bought company shares via Double A, the trust in which his family is interested. Double A purchased 95,313 shares, taking its holding to 70.89m, equal to 8.83% of the company's share capital. At 121.40p each, the tran
Read moreSector movers: M&S and Tesco drag retailers lower
4th Apr 2014 14:24
Retail stocks were trading lower on Friday with heavyweights Marks & Spencer and Tesco providing a drag on the sector. M&S was off shopping lists today after Goldman Sachs retained its 'sell' recommendation for the British department store chain, saying that the business could feel the heat from th
Read moreFriday broker round-up UPDATE
4th Apr 2014 10:07
African Minerals: Deutsche Bank reduces target price from 382p to 335p, while its buy recommendation remains unchanged. Arrow Global: Canaccord Genuity moves target price from 309p to 318p and keeps a buy recommendation. Ashmore Group: JP Morgan takes target price from 344p to 351p and maintains a
Read moreFTSE 250 movers: BTG climbs on full-year sales outlook
3rd Apr 2014 15:31
Specialist healthcare group BTG rose strongly after saying it expects full-year sales to be at the top end of guidance after a 'transformational year'. Revenues for the financial year to March 31st are expected to be at the upper end of the £275-285m guidance range, which the company had reiterated
Read moreLondon midday: Gains erased with investors nervous ahead of ECB
3rd Apr 2014 12:05
- ECB in focus ahead of policy meeting - UK services PMI slips, US data ahead - Tullow and Standard Life upgraded - BSkyB drops on HSBC comments - Just Eat impresses with IPO techMARK 2,776.98 -0.21% FTSE 100 6,657.60 -0.02% FTSE 250 16,390.84 -0.15% It was a choppy morning for UK equity markets o
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