Sector movers: Mothercare pressures retailers lower
31st Mar 2011 14:50
Retailers are sharply lower Thursday, with blue chips Next and Kingfisher falling into the red. On the FTSE 250, Mothercare, Dixons, Carpetright, Sports Direct and Dunelm are providing a drag. Baby clothes retailer Mothercare has seen its share price drop by almost a tenth, after margins were sque
Read moreLondon afternoon: Weak retailers offset strong miners
31st Mar 2011 14:41
Footsie is stuck in neutral, though the flat performance is largely down to strong demand for mining stocks. Gold miner Randgold Resrouces is the star performer in the mining sector after reporting a 55 increase in its attributable mineral resources and reserves for the year to December 2010. T
Read moreFTSE 250 movers: Retailers head lower
31st Mar 2011 14:36
Retailers are providing a drag on the index today, with Mothercare, Dixons, Carpetright, Sports Direct and Dunelm losing 4% or more. Baby clothes retailer Mothercare has seen its share price drop by almost a tenth, after margins were squeezed in the quarter to 26 March. Also under the weather is r
Read moreFTSE 250 movers: CPP plummets after profit warning
29th Mar 2011 15:09
The biggest mover of the day is CPP, which has seen its share price plummet after yesterday's announcement that the FSA has raised sales-related issues with its identity protection products and this will reduce its profit in 2011. The identity theft and credit card insurer said that the FSA is conce
Read moreBroker tips: Dunelm, National Express, AstraZeneca
29th Mar 2011 12:39
UBS upgrades Dunelm to a 'buy', from 'neutral', saying that the homeware retailer's store growth is undervalued. The group has the fastest store growth forecast in the sector, with high single digit space growth per annum forecast for the medium term, according to the broker. "Dunelm is already
Read moreBroker snap: Dunelm upgraded on store growth potential
29th Mar 2011 11:00
UBS upgrades Dunelm to a 'buy', from 'neutral', saying that the homeware retailer's store growth is undervalued. The group has the fastest store growth forecast in the sector, with high single digit space growth per annum forecast for the medium term, according to the broker. "We calculate that th
Read moreTravis Perkins chairman shows confidence
24th Feb 2011 17:02
Travis Perkins chairman Robert Walker has invested nearly £150,000 in the builders' merchants. He has bought 15,000 shares at 994.75p each, which takes his stake to 80,000 shares. Walker is also chairman of WH Smith and a non-exec at Tate & Lyle. The share purchase came after Travis Perkins an
Read moreBroker tips: Dunelm, Regus, Morgan Crucible
18th Feb 2011 12:52
Nomura maintains positive about bedding and curtains retailer Dunelm, saying that while the first half saw higher costs, investors should expect a better top line from the fourth quarter onwards. A 14.3% rise in costs limited operating profit to just 5.4% growth, as the group experienced £0.5m of w
Read moreBroker snap: Easing comparatives for Dunelm
18th Feb 2011 10:20
Nomura maintains positive about bedding and curtains retailer Dunelm, saying that while the first half saw higher costs, investors should expect a better top line from the fourth quarter onwards. A 14.3% rise in costs limited operating profit to just 5.4% growth, as the group experienced £0.5m of w
Read moreLondon close: Blue chips close flat
17th Feb 2011 16:51
Footsie closed the day a shade higher having traded in a very narrow range all day as both buyers and sellers seem preoccupied with other things. Life insurance consolidator Resolution closed as top performer saying it is unlikely to make any further acquisitions this year. Instead, it will focus
Read moreFTSE 250 movers: Lamprell stumbles after contract disappointment
17th Feb 2011 15:54
Lamprell is the hardest faller after two of its contract customers have allowed options on wind turbine installation vessels to lapse. Curtains and bedding retailer Dunelm is not far behind following a fall in half year like-for-like sales after a tough run up to Christmas. In a brief statement is
Read moreLondon afternoon: Footsie stumbles after US CPI data
17th Feb 2011 14:43
Footsie fell back over the lunchtime session with sentiment taking a knock from a bigger than expected increase in US consumer prices. The US Consumer Price Index rose 0.4% in January, as it did in December, on the back of higher fuel and food prices. Economists had pencilled in a 0.3% rise. On th
Read moreDunelm lfl sales fall
17th Feb 2011 07:22
Curtains to bedding retailer Dunelm posted an increase in half year revenue but like for like sales fell after a tough run up to Christmas. The out of town homewares retailer warned it, "faces uncertain consumer demand and rising costs". Like for like sales grew in the first quarter of the financ
Read moreWednesday tips round-up: Arm, Computacenter, RSA...
12th Jan 2011 06:59
The roster of ARM-based devices is, quite simply, astonishing. Name a fancy gizmo and chances are that it draws upon ARM's know-how in one way or another. iPads, iPhones, the Blackberry Bold - all feature ARM technology. The other day, Microsoft said it was going to launch a new version of Windows
Read moreLondon close: Strong gains for FTSE 100
11th Jan 2011 16:51
Share prices edged back from earlier highs ahead of the close, but still finished with good gains as fears over European sovereign debt contagion recede in the wake of a show of support for eurozone bond issues from Japan. It has been a good day for banks, with Societe Generale issuing a bullish no
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