Tuesday broker round-up UPDATE
8th Jan 2013 07:19
Anglo American: Deutsche Bank reduces target price from 2270p to 2230p and maintains its buy recommendation. Aquarius Platinum: Deutsche Bank ups target price from 73p to 76p, while the buy rating remains unchanged. ARM Holdings: Credit Suisse raises target price from 645p to 780p and reiterates a
Read moreLondon close: FTSE 100 cracks 6,000 after US budget deal
2nd Jan 2013 16:30
- Footsie surges 2.2 per cent - Global stock markets rally, helped by manufacturing figures - Miners benefit from increased risk appetite The FTSE 100 surged past the psychologically-important level of 6,000 on Wednesday as stock markets across the globe celebrated the last-minute deal by US politi
Read moreFTSE 250 movers: Dunelm falls despite positive write-up from Panmure
2nd Jan 2013 15:37
Dunelm was a poor performer on Wednesday despite Panmure Gorden highlighting the stock as one of its 'conviction buys' in the UK retail sector ahead of the critical Christmas reporting season in the next few weeks. The broker said: "Our top large cap general retail sector pick is category killer a
Read moreBroker tips: Barclays, Aggreko, Retail stocks
2nd Jan 2013 10:42
Barclays was performing well on Wednesday morning after Investec hiked its target price from 260p to 285p and hailed the lender as its 'preferred UK domestic bank'. Despite an impressive 79% rally over the past five months, the broker said that the shares are still trading "only in line with loss-
Read moreBroker snap: Panmure highlights ASOS and Dunelm as top retail picks
2nd Jan 2013 09:12
Panmure Gordon has highlighted ASOS and Dunelm as its 'conviction buys' in the UK retail sector ahead of the critical Christmas reporting season in the next few weeks. General retail was the best-performing FTSE sector in 2012 according to prices at December 27th, the broker said. Panmure said: "A
Read moreFriday broker round-up UPDATE
14th Dec 2012 08:09
Anglo American: UBS reduces target price from 2150p to 1860p and downgrades to neutral. JP Morgan reiterates underweight. BG Group: Barclays reduces target price from 1490p to 1450p, while reiterating an overweight rating. BP: Barclays cuts target price from 500p to 480p and keeps an underweight r
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreFTSE 250 movers: Ocado shares rocket
19th Nov 2012 16:08
Online grocer Ocado jumped after saying it had secured more time to pay off debts and would raise 35.8m pounds through a placing of shares. The firm said it would use the extra time and money to increase its ranges, improve the customer experience and go on a marketing drive. Platinum miner Lonmin
Read moreDunelm Finance Director trades in shares from LTIP
18th Oct 2012 16:07
Dunelm Group's Finance Director, David Stead, has traded in 43,460 of the 85,215 shares he received after exercising options under the company's long-term incentive plan at no cost. Stead, who joined the homeware chain in 2003, traded in the shares at 679.40p, earning £295,267, which he used to fu
Read moreDunelm return of capital to have income & capital options
15th Oct 2012 14:51
Bedding, curtains and blinds retailer Dunelm said its proposed return of capital to shareholders will be done in such a way so as to satisfy shareholders who want income and those who want capital. The group intends to return around £65.8m of capital to shareholders, equivalent to 32.5p per ordinar
Read moreThursday tips round-up: Marstons, British lenders, Dunelm
4th Oct 2012 07:08
The Times Tempus column tips Marston's, which is investing spare cash in new-build freehold pubs offering informal eating and drinking in a pleasant environment. The benefit of this strategy was evident in yesterday's pre-close trading update. Marston's revealed that a revaluation of its pub estate
Read moreWednesday broker round-up - UPDATE
3rd Oct 2012 09:06
African Barrick Gold: Westhouse Secuirites raises target from 464p to 495p. AG Barr: Panmure Gordon keeps hold rating and 440p target. AstraZeneca: Panmure Gordon downgrades from buy to hold, target cut from 3,100p to 3,000p. Barclays: UBS downgrades from buy to neutral, 235p target unchanged. B
Read moreDunelm lifts first quarter sales
3rd Oct 2012 07:07
Homewares retailer Dunelm said total first quarter sales increased 13.8 per cent as cash conscious shoppers opted for its value for money range. Like-for-like (LFL) sales grew 3% in the 13-week period from July 1st to September 29th 2012. Total sales value increased to £151.8m in the period compare
Read moreWednesday preview: Retailers slug it out
2nd Oct 2012 12:23
Half-year results from retail giant Tesco are probably the main event of the week on the corporate agenda, but in Panmure Gordon's view, the figures won't mean much in the grand scheme of things. "We don't regard the actual numbers as being that interesting. What we are looking for is progress in t
Read moreWeek Ahead: Sainsbury and Tesco go head-to-head
28th Sep 2012 09:54
There is a retail theme to next week's results, with supermarket giants Tesco and Sainsbury set to report, along with car products provider Halfords, homewares retailer Dunelm and fashion chain Ted Baker. On the economic front, central banks will be in focus with the European Central Bank making it
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