Dunelm 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
Read moreNew 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
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