New stores drive Dunelm full year sales up
4th Jul 2013 07:02
Soft furnishings retailer Dunelm suffered a drop in underlying sales in the last quarter after it came up against tough comparatives. But it is on track to make full year pre-tax profits of £108m after growing full year underlying sales by 1.7% and an increase in margins. The company, founded as
Read moreFriday broker round-up UPDATE
28th Jun 2013 08:32
BAE Systems: Deutsche Bank increases target price from 375p to 400p, while downgrading to hold. Barclays: Bank of America moves target price from 430p to 410p, while its buy recommendation remains unaltered. Booker Group: Investec shifts target price from 140p to 141p and keeps its buy recommendat
Read moreFTSE 250 movers: New World Resources bounces off record low
21st Jun 2013 14:38
It's been a rough ride for Europe-based hard coal and coke producer New World Resources (NWR), but the stock rebounded strongly on Friday, leading the risers on the FTSE 250 index after hitting a record low the day before. While mining stocks bore the brunt of the dramatic sell-off seen across globa
Read moreSector movers: High Street retailers rise but supermarkets fall
30th May 2013 14:00
Retail stocks were putting in a mixed performance on Thursday with High Street stocks making gains and supermarket firms in the red. The General Retail sector was among the best performing categories this afternoon with B&Q owner Kingfisher making solid gains despite a slightly disappointing first-
Read moreMonday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
Read moreBroker snap: Mothercare 'still too expensive' despite LFL beat
11th Apr 2013 13:58
The market may have reacted well to Mothercare's pre-close trading update on Thursday, but Panmure Gordon kept its 'sell' recommendation for the stock, saying that the shares are 'still too expensive'. The Mothercare group, comprised principally of the two retail brands Mothercare and Early Learnin
Read moreWednesday broker round-up UPDATE
10th Apr 2013 08:57
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Deutsche Bank reduces target price from 340p to 230p keeping its hold rating. African Minerals: Deutsche Bank reduces target price from 620p to 594p and leaves its buy recommendation unaltered. An
Read moreDunelm Group's revenues rise
10th Apr 2013 07:43
UK homewares retailer Dunelm Group on Wednesday posted a 15.4 per cent rise in revenue for the third quarter following the opening of three stores. Total sales value for the 13 weeks to March 30th 2013 came to £177.8m, up from £154.1m the previous year. During the period the company opened three s
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreTuesday broker round-up UPDATE
26th Mar 2013 07:41
Abbey Protection: Numis downgrades to hold with its target price at 120p. Aberdeen Asset Management: Bank of America raises target price from 425p to 455p keeping a neutral rating. JP Morgan moves target price from 498p to 532p, while its overweight rating remains unchanged. Exane BNP ups target pr
Read moreWednesday broker round-up UPDATE
13th Feb 2013 07:47
API Group: Numis shifts target price from 70p to 67p downgrading to hold. Barclays: Morgan Stanley raises target price from 386p to 400p keeping an overweight rating. Credit Suisse increases target price from 250p to 290p, while leaving its neutral rating unchanged. JP Morgan ups target price from
Read moreLondon midday: Banks pull Footsie into positive territory
12th Feb 2013 11:47
Stocks had pulled into positive territory by Tuesday lunchtime helped by strength in the banking sector as full-year results and the outcome of a strategic review at Barclays were well-received by the markets. Providing some support this morning was the news that credit ratings agency Standard & Po
Read moreBroker snap: Panmure Gordon highlights buying opportunity at Dunelm
12th Feb 2013 10:14
Panmure Gordon remains a 'buyer' of homewares retailer Dunelm with a 886p target price after the met profit forecasts in the first half. "With the shares -2.6% yesterday, though +13.5% year-to-date, any further consolidation today is a buying opportunity in our view," the broker said on Tuesday mor
Read moreLondon open: Stocks flat despite banking strength
12th Feb 2013 08:28
UK stocks opened broadly flat on Tuesday morning ahead of some UK inflation data, with markets pausing for breath after a strong rise in the year to date. The FTSE 100 had a subdued day yesterday on the back of a lack of economic news and low trading volumes, partly owing to the closure of Asian ma
Read moreLondon pre-open: FTSE to track US stocks lower
12th Feb 2013 07:25
City sources predict the FTSE 100 will open down five points from yesterday's close of 6,277, tracking the modest losses seen on Wall Street last night. US stocks continued to drag through Monday ahead of President Barack Obama's highly anticipated State of Union speech. The leader will discuss
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