Tuesday tips round-up: Catlin, Bovis, Barratt...
13th Mar 2012 06:59
Insurance firm Catlin has had a pretty tough year according to Questor in the Telegraph. Its "combined ratio"of 102.6% is not good news as the metric is a measure of profitability for insurers, with anything above 100% implying losses from the core underwriting business. But Questor thinks if Catl
Read moreAnother director dealing for Dunelm; AZ Electronic tech officer makes sale
8th Mar 2012 15:35
Donna Wharton, wife of Nick Wharton, the Chief Executive of homewares firm Dunelm, has topped up her stake in the company with 9,500 shares. Wharton's purchase, which saw her buy the shares at 480.00p each for a total of £45,600, came just a day after Will Adderley, Executive Deputy Chairman, anno
Read moreDunelm director shows commitment to firm with share purchase
6th Mar 2012 15:48
Newly appointed director at Dunelm Matt Davies has underlined his loyalty to the homewares firm with the purchase of 4,500 shares. Davies, who joined the firm early last month, bought the shares for 499p each for a total of £22,455. Davies joined the firm after resigning from his job as head of
Read moreThe Adderleys offload 7.5m shares in Dunelm - UPDATE
5th Mar 2012 18:18
Will Adderley, the Executive Deputy Chairman of Dunelm, and his wife Nadine have reduced their equity interest in the homewares retailer, after selling off a big chunk of its stake. Following an earlier announcement that the couple intended to off-load a total of 5m shares, Dunelm confirmed that Wi
Read moreFTSE 250 movers: Misys leaps on offer plans
5th Mar 2012 15:34
Misys was the biggest riser after its largest shareholder ValueAct Capital Master Fund has teamed up with CVC Capital Partners in preparation to make a joint cash offer for the financial software provider. Heritage Oil was a big faller after it was hit by delays to its operations in the Kurdistan
Read moreLondon midday: China, Eurozone worries weigh on stocks
5th Mar 2012 11:49
- China cuts 2012 GDP target to 7.5%. - Eurozone/UK services PMIs disappoint. - German DSW recommends rejecting PSI deal. Stocks continued to fall by lunchtime on Monday, as the combination of disappointing economic data from the UK and Eurozone and some conservative growth forecasts from China wei
Read moreDunelm hit by Adderley cannonball
5th Mar 2012 09:26
Will Adderley, Executive Deputy Chairman of Dunelm and the son of the founder of the company, plans to cash in a big chunk of his shares in the bedding and curtains retailer. Adderley and his wife, Nadine, are offloading around 5m shares, representing about 2.5% of the issued share capital of Dunel
Read moreMonday broker round-up - UPDATE
5th Mar 2012 09:03
Weir: Citi cuts to sell from neutral, shaves target to 1,850p from 1,950p. Morrison: Oriel downgrades to sell from reduce. Tesco: Oriel downgrades to reduce from hold. Sainsbury: Oriel downgrades to hold from add. Serco: Bank of America downgrades to neutral from buy. Afren: Credit Suisse rais
Read moreThursday broker round-up
16th Feb 2012 09:36
Anglo American: AlphaValue upgrades to buy from add and raises its price target to 3,331.4p from 3,340.2p; Nomura resumes coverage with neutral rating and 3,300p target. Kingfisher: Panmure Gordon maintains buy rating and 350p target. Reed Elsevier: Peel Hunt keeps hold rating and 556p target; Pan
Read moreThursday broker round-up - UPDATE
9th Feb 2012 09:16
Homeserve: Credit Suisse raises target price to 275p from 250p, stays at neutral. Reckitt Benckiser: Credit Suisse reiterates outperform. BHP Billiton: Credit Suisse retains outperform. Tate & Lyle: Panmure Gordon raises target from 645p to 690p, hold rating kept; JP Morgan reiterates underweigh
Read moreFTSE 250 movers: Less than super January for SuperGroup
8th Feb 2012 14:57
Stock markets rarely have mercy on a growth stock that trips up and so it proved with SuperGroup, owner of the Superdry brand, which issued a profit warning on Wednesday. The shares plunged after the group said profit for the year will be towards the lower end of market expectations as it experien
Read moreWednesday broker round-up - UPDATE
8th Feb 2012 09:22
Reckitt Benckiser: Nomura maintains buy rating and 3,900p target. BP: UBS ups target from 500p to 525p, buy recommendation unchanged; Nomura keeps neutral rating and 500p target. Xstrata: UBS lifts target from 1,450p to 1,500p, buy rating kept. BSkyB: AlphaValue upgrades from reduce to add, targe
Read moreLondon open: Stocks rise with Greece in focus
8th Feb 2012 08:42
- Greek leaders scheduled to discuss draft deal. - Reckitt rises strongly after beating full-year targets. - Miners, financials provide a lift. Stocks opened higher on Wednesday following two days in the red, with banks and resource stocks providing a lift. Worth noting, the FTSE All-World equity i
Read moreDunelm half year profit up 7.8 per cent
8th Feb 2012 07:46
Specialist homewares retailer Dunelm has reported a 7.8% rise in pre-tax profit for the half year ended December 31st. As expected, profits for the year came in at £52.2m, compared to £48.4m the same period the previous year, on revenues of £299.9m, up 8.8% compared to the year before (2010: £275.
Read moreWednesday preview: BHP Billiton, Reckitt, Dunelm ...
7th Feb 2012 15:56
The market will be distracted on Wednesday from the teething pains of the creation of a new mining giant (Glencore Xstrata International) by the results from a mining conglomerate created in a merger from a different era, BHP Billiton. The broking community thinks the figures covering the second ha
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