Greggs sales fall due to bad weather, outlook stays tough
26th Feb 2014 08:12
Bakery chain Greggs took a hit to annual sales from bad weather last year, but said it was encouraged by early results of an overhaul of the business. Greggs, which had 1,671 shops in the UK at the end of last year, said like-for-like sales in the year to December 28th fell 0.8%. Total sales rose 3
Read moreWednesday broker round-up UPDATE
19th Feb 2014 08:33
Anite: Panmure Gordon lowers target price from 146p to 139p, while leaving its buy recommendation unaltered. Bank of Georgia: Canaccord Genuity increases target price from 2100p to 2400p, while leaving its hold recommendation unchanged. BHP Billiton: Investec raises target price from 1926p to 1985
Read moreSector movers: Morrison leads supermarket comeback after press speculation
13th Jan 2014 15:14
Supermarkets were lifting the food and drug retail sector higher on Monday as stocks recovered following a tough week for the industry. Morrison, Tesco and Sainsbury were all making decent gains in afternoon trade after all three grocers disappointed investors with poor like-for-like (LFL) sales ov
Read moreGreggs enjoys rise in fourth-quarter sales after strong festive trading
9th Jan 2014 09:32
UK bakery Greggs posted a 2.6 per cent increase in like-for-like sales in the fourth quarter, supported by strong trading over the Christmas period. The company achieved a 3.1% rise in like-for-like sales during the Christmas and New Year period in the five weeks ended January 4th. This compared to
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreWednesday broker round-up UPDATE
20th Nov 2013 08:46
Afren: Liberum Capital raises target price from 197p to 232p and maintains a buy recommendation. AstraZeneca: Berenberg cuts target price from 3472p to 3430p reiterating a hold recommendation. AVEVA Group: Liberum Capital reduces target price from 2350p to 2250p and keeps its hold recommendation.
Read moreBroker tips: Housebuilders, M&S, BSkyB, Greggs
9th Oct 2013 11:52
As part of an upbeat review of the UK housing market, Goldman Sachs has added Taylor Wimpey to its 'conviction buy' list and upgraded its ratings for Bovis Homes and Barratt Developments from 'neutral' to 'buy'. "Partly stimulated by the Help To Buy shared equity scheme, lead indicators such as UK
Read moreLondon midday: Markets pause at three-month low as UK data disappoints
9th Oct 2013 11:19
Disappointing UK production figures and the ongoing political deadlock in the US weighed on market sentiment on Wednesday morning, with the FTSE 100 subdued after hitting a three-month low the day before. London's benchmark FTSE 100 index was trading broadly flat by midday, erasing earlier losses,
Read moreBroker snap: No turning point in sight for Greggs, says Canaccord
9th Oct 2013 11:14
Canaccord Genuity has retained its 'sell' rating and 330p target price for bakery chain Greggs, saying that while the third quarter saw some improvement its underlying investment case remains unchanged. Greggs said that like-for-like sales in the 13 weeks to September 28th fell by just 0.5%, much
Read moreLondon open: Stocks under pressure as debt ceiling looms
9th Oct 2013 08:22
Markets dropped sharply once again on Wednesday as investors' appetite for risk continues to be eroded by the ongoing government shutdown in the US. Not even the news that well-known dove Janet Yellen will be nominated as the next chair of the Federal Reserve lifted stocks this morning, with the FT
Read moreGreggs sales improve, investment to bite into profit - UPDATE
9th Oct 2013 07:09
UK bakery chain Greggs saw the rate of like-for-like (LFL) sales decline ease in the third quarter, while the opening of new shops boosted total sales growth. The company, which has nearly 1,700 retail outlets across the country, said that LFL sales were down 0.5% in the 13 weeks to September 28th
Read moreSector movers: Food retailers hit by falling profits at Tesco
2nd Oct 2013 14:33
The food retail sector was suffering on Wednesday afternoon after some heavy falls from supermarket giant Tesco, as the company reported a fall in profits for the first half. Smaller rival Sainsbury was also trading in the red, as investors seemed underwhelmed with an acceleration in sales growth i
Read moreSector movers: Morrisons, Ocado give retailers a boost
12th Sep 2013 15:14
A well-received set of first-half results from Morrisons gave a boost to the food retail sector on Thursday, helped by an update from joint-venture partner Ocado. Morrisons reported a 21.8% drop in pre-tax profit for the six months to August 4th from £440m to £344m on sales that were broadly flat a
Read moreLondon midday: Markets cautious ahead of risk events, Syria action
4th Sep 2013 11:26
Traders adopted a cautious approach on Wednesday morning with UK stocks registering losses in morning trade ahead of a number of 'risk events' later in the week which have the potential to spark market volatility. Fears about impending US military action in Syria also hit investor sentiment today a
Read moreLondon open: Potential strike on Syria worries investors early on
4th Sep 2013 08:32
Stocks declined on Wednesday morning on concerns over an imminent Western military intervention in Syria, with investors also choosing to scale back positions ahead of a number of 'risk events' later on in the week. The Senate Foreign Relations Committee last night gave the green light on a US atta
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