London open: Trading cautious ahead of ECB decision
3rd Apr 2014 08:46
- ECB meeting the main event of the day - China unveils 'mini-stimulus' - Global economic data in focus - Tullow, Standard Life upgraded - Kingfisher rises on Mr Bricolage deal techMARK 2,780.50 -0.09% FTSE 100 6,663.30 +0.06% FTSE 250 16,387.30 -0.17% UK stocks edged higher on Thursday morning, b
Read moreLondon pre-open: FTSE to move higher early on
3rd Apr 2014 07:39
UK stocks are set to start today's session on a positive note, tracking gains seen in the US ahead of the ECB's latest policy meeting and following positive Chinese services data as per the latest Services Markit/HSBC services purchasing managers index (PMI). City sources predict the FTSE 100 will
Read moreNew store openings boost Dunelm sales
3rd Apr 2014 07:10
- Third quarter revenue improves nine per cent - Progress underpinned by new store openings - Confident of future progress, to add more stores Homeware retailer Dunelm said total revenue for the third quarter grew by 9.9 percent and, with opportunities to expand its portfolio, said it is confident
Read moreLondon midday: Stocks rangebound ahead of UK Budget, FOMC
19th Mar 2014 11:33
- Osborne's 2014 Budget in focus - Jobless rate, BoE minutes, FOMC meeting - Ukraine-Russia tensions running high - Smiths Group drops on H2 outlook - Ophir plummets, Imagination jumps techMARK 2,817.88 +0.53% FTSE 100 6,595.59 -0.15% FTSE 250 16,366.11 +0.07% Stocks were trading in the red on Wed
Read moreBroker tips: GKN, ITE Group, Kazakhmys, Dunelm
3rd Mar 2014 13:06
UBS has downgraded its rating for aerospace, automotive and land systems engineer GKN from 'buy' to 'neutral' after cutting its forecasts due to foreign exchange headwinds. Following GKN's 2013 results released last week, UBS has cut its earnings per share forecasts for 2014 and 2015 by 10% and 13%
Read moreDunelm's growth prospects 'undervalued', says Jefferies
3rd Mar 2014 10:26
Growth prospects at homeware retailer Dunelm are 'undervalued', according to Jefferies which has initiated coverage on the stock with a 'buy' rating and 1,150p target price. Since Dunelm's stock market flotation at the end of 2006, the business immediately faced dramatic falls in UK consumer confid
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreMonday broker round-up UPDATE
24th Feb 2014 08:15
Associated British Foods: Numis downgrades from reduce to sell with a target price of 2240p. Panmure Gordon raises target price from 2500p to 2760p and maintains a hold recommendation. Jefferies increases target price from 2450p to 2600p and keeps a hold recommendation. Aviva: JP Morgan shifts targ
Read moreSector movers: Retailers mostly higher, but supermarket giants fall
11th Feb 2014 13:49
Retail stocks were putting in a mixed performance in London on Tuesday with general retailers making gains while supermarket chains headed lower. Overall, the UK retail sector registered healthy growth in January, according to figures released this morning by British Retail Consortium (BRC) which s
Read moreUK stocks rise ahead of Yellen, but Barclays slumps
11th Feb 2014 11:37
- Barclays drops seven per cent after 2013 results disappoint - Markets expecting 'dovish' Yellen, says analyst - Miners track metal prices higher - Retailers gain after economic data techMARK 2,825.35 +0.66% FTSE 100 6,643.63 +0.79% FTSE 250 16,012.87 +0.64% UK markets rose strongly on Tuesday as
Read moreLondon open: Stocks closing in on three-week high, but Barclays falls
11th Feb 2014 08:32
- Barclays down as profits fall - Babcock, miners, retailers lead the upside - Markets focus on Yellen ahead of House testimony techMARK 2,824.94 +0.65% FTSE 100 6,645.74 +0.82% FTSE 250 16,015.55 +0.66% UK markets were performing well on Tuesday morning as decent gains from Babcock, mining stocks
Read moreDunelm lifts dividend as profits rise, but LFL sales decline
11th Feb 2014 08:09
- Interim dividend up 11.1 per cent - Revenues rise 4.8 per cent, but LFL sales fall - Company 'cautious' about consumer spending trends Homewares retailer Dunelm raised its interim dividend by 11.1 per cent after profits edged higher in its first half, but said that like-for-like (LFL) sales decli
Read moreLondon close: UK markets hit two-month high as banks gain
7th Jan 2014 16:24
- FTSE 100 at highest level since November 4th - Eurozone inflation ramps up interest-rate speculation - Banks helped by funding data - IAG reports strong December traffic figures techMARK 2,789.43 -0.10% FTSE 100 6,755.45 +0.37% FTSE 250 16,069.19 +0.12% UK markets finished with decent gains on
Read moreFTSE 250 movers: Dunelm hit by profit taking
7th Jan 2014 15:16
Dunelm was one of the biggest fallers in what looked like profit taking in the shares after more than doubling in 2013 and issued an encouraging trading update on Tuesday. Broker Prime Markets issued a 'sell' recommendation as it thought the shares were likely to see a period of consolidation despit
Read moreBroker tips: Ashtead, Aberdeen, Dunelm
7th Jan 2014 11:39
Jefferies has raised its target price for equipment rental firm Ashtead from 880p to 900p and kept a 'buy' recommendation, citing the company's significant growth potential in the US. "With just 6% share of fragmented $33bn US equipment rental market, we believe by opening 50 additional branches p
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