London open: Steady start for blue chips
13th Jul 2010 08:51
Footsie has made a healthy start with another good news day for BP helping the oil giant recover further. BP shares are up another 4% so far this morning on hopes it is near to stemming the flow of oil spilling into the Gulf of Mexico. A new 75-tonne steel cap was lowered over the damaged well lat
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
13th Jul 2010 08:04
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0704 GMT [Dow Jones] Dunelm (DNLM.LN) has delivered better-than-expected final trading results, says a trader. The trader sa
Read moreMARKET TALK: Dunelm Results Better Than Expected - Trader
13th Jul 2010 08:04
0704 GMT [Dow Jones] Dunelm (DNLM.LN) has delivered better-than-expected final trading results, says a trader. The trader says combined with stronger gross margin performance, this will lead to an increase in consensus pretax profit estimates to GBP76M-GBP77M from just under GBP74M. Additionally, y
Read moreMARKET TALK: Dunelm FY Sales In Line - KBC
13th Jul 2010 07:44
0644 GMT [Dow Jones] Dunelm's (DNLM.LN) trading update shows full year like-for-like sales up 8%, in keeping with KBC's 7.5% forecast, the brokerage says. Says with the group trading from 94 superstores against an initial UK target of 150-200 stores, there remains significant growth to come. Adds th
Read moreDunelm profit to top forecasts
13th Jul 2010 07:36
Home furnishings retailer Dunelm should beat full-year profit forecasts despite a drop in like for like (LFL) during the fourth quarter. LFL sales grew 8% in the year to 3 July following a marked slowdown during the last six months to just 0.8% from 15.4% during the first half. They actually fell 1
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
13th Jul 2010 07:30
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0630 GMT [Dow Jones] Dunelm's (DNLM.LN) trading update is reassuring, says Arden Partners. Says 4Q sales are not as bad as fe
Read moreMARKET TALK: Dunelm Update Reassuring - Arden
13th Jul 2010 07:30
0630 GMT [Dow Jones] Dunelm's (DNLM.LN) trading update is reassuring, says Arden Partners. Says 4Q sales are not as bad as feared. Notes a small upgrade to consensus and says it will be raising its pretax profit estimate for '10 to GBP76M from GBP73.5M. Reiterates add rating and 390p price target on
Read moreDunelm LFL Sales Growth Slows In 2H; Op Pft Seen Beating View
13th Jul 2010 07:28
LONDON (Dow Jones)--U.K. homeware retailer Dunelm Group PLC (DNLM.LN) Tuesday said comparable sales growth slowed in its second half, and was marginally negative in the final ten weeks of the fiscal, although it expects full-year operating profit to be slightly higher than market expectations. A
Read moreTuesday preview: Burberry, Computacenter, inflation
12th Jul 2010 17:58
Luxury goods maker Burberry has been a fashion success story throughout the recession, as reflected by its shares, which are up 90% or so over the last year. On Tuesday it brings out a sales update for its first quarter, covering the April to June period. Nomura Securities and UBS are both predic
Read moreMARKET TALK: Investec Neutral On UK Retail Post Budget >NXT.LN
23rd Jun 2010 11:00
1000 GMT [Dow Jones] UK retailers look to have escaped the emergency budget no worse-off than feared, says Investec Securities, "with some indications that the coalition government is mindful of the need to balance growth and spending cuts." The brokerage retains a neutral weighting on the sector. "
Read moreFTSE 250 movers: Another bullish update lifts Filtrona
16th Jun 2010 13:08
Shares in Filtrona have jumped after the speciality plastic and fibre products provider said it continues to trade ahead of expectations. Having cheered its shareholders back in April with news of strong trading the group said that the outperformance has continued for the nine week period to 5 Jun
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jun 2010 09:39
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0839 GMT [Dow Jones] Charles Stanley initiates coverage of homeware retailer Dunelm Group (DNLM.LN) with a buy rating. Says t
Read moreMARKET TALK: Charles Stanley Starts Dunelm Coverage With Buy
14th Jun 2010 09:39
0839 GMT [Dow Jones] Charles Stanley initiates coverage of homeware retailer Dunelm Group (DNLM.LN) with a buy rating. Says the recent fall of around 20% in its share price creates a compelling entry point for a competitively secure retailer. Says the retailer is poised to almost double sales in fiv
Read moreWednesday tips round-up: BP, Segro, Dunelm
28th Apr 2010 06:36
The tragic situation in the Gulf of Mexico has taken the shine off what was an excellent performance from BP in the first quarter of the year says the Telegraph. The shares are trading on a December 2010 earnings multiple of 9.2 times, falling to 7.9 next year. They were first recommended at 487½p
Read moreLondon close: Footsie slumps on eventful day
27th Apr 2010 16:31
Footsie was deep in the red at trading's close after credit rating downgrades for Greece and Portugal added to already substantial losses, with miners among the stocks posting heavy falls. With oil and metals prices in retreat as fears grow about potential delays in financial aid reaching Greece re
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