Halfords Group unveils turnaround plan as profits fall
23rd May 2013 09:42
UK automotive products retailer Halfords Group announced a strategy to improve its sales after reporting flat full-year revenues and a fall in profit. The plan, called 'Getting Into Gear 2016', will include re-positioning the retail business to focus on sales growth and sustainable profitability. T
Read moreThursday broker round-up UPDATE
23rd May 2013 08:35
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation. ARM Holdings: Exane downgrades to neutral with a target price of 1000p. Aveva: Panmure Gordon raises target price from 1900p to 2076p and retains a hold recommendation. Canaccord Genuity increases target p
Read moreLondon open: Fed concerns, poor Chinese data spark sell-off
23rd May 2013 08:31
Worries about the Federal Reserve 'tapering' quantitative easing (QE) prematurely spooked markets on Thursday morning, along with a disappointing reading of manufacturing activity in China. The FTSE 100 had surged to a fresh 13-year high high of 6,840 the day before, its second-highest close in his
Read moreTuesday broker round-up UPDATE
14th May 2013 08:04
Babcock International: Jefferies increases target price from 1080p to 1250p and maintains a buy recommendation. Barratt Developments: Bank of America takes target price from 265p to 325p, while downgrading to neutral. Belgravium Technologies: WH Ireland places both its target price and its neutral
Read moreLondon close: FTSE ends session higher after Chinese data provides lift
8th May 2013 16:11
Market Movers techMARK 2,437.82 +0.82% FTSE 100 6,583.48 +0.40% FTSE 250 14,193.28 +0.65% The FTSE closed firmly higher on Wednesday, boosted by gains in the US following strong data from China. Next led the charge higher, while Standard Chartered provided a drag for much of the day. China repo
Read moreFTSE 250 movers: CSR leads the way after Q1 profits soar
8th May 2013 13:31
Consumer electronics company CSR climbed into the top spot on Wednesday after it saw profits soar in the first quarter bolstered by strong sales of wireless products in its auto, and voice and music divisions. Halfords Group was also on the up after JP Morgan raised its target price from 243p to 4
Read moreBroker tips: Halfords, BAE Systems, Sainsbury's
8th May 2013 13:13
Good management alongside a strong product offering makes for a potent mix. That, in essence, is the reason why analysts at J.P. Morgan have today revised their target price for Halfords to 405p from 243p before. The broker expects the retailer and car maintenance group´s upcoming strategy update
Read moreBroker snap: A dividend cut at Halfords not a worry, J.P. Morgan says
8th May 2013 12:12
Good management alongside a strong product offering makes for a potent mix. That, in essence, is the reason why analysts at J.P. Morgan have today revised their target price for Halfords to 405p from 243p before. The broker expects the retailer and car maintenance group´s upcoming strategy update
Read moreLondon midday: Slow grind higher continues
8th May 2013 11:41
Equities in London are continuing their slow grind higher, with the benchmark Footsie now gaining 19 points to the 6,576 point mark. That followed yesterday´s rise in the Dow Jones Industrial Average to above the 15,000 point mark for the first time in its 117 year history and stronger-than-expected
Read moreWednesday broker round-up UPDATE
8th May 2013 09:08
Altitude Group: WH Ireland initiates with a target price of 50p and a buy recommendation. Betfair Group: Deutsche Bank increases target price from 725p to 884p, while staying with its hold recommendation. Nomura raises target price from 766p to 883p and reiterates a neutral rating. Exane BNP ups ta
Read moreSunday share tips: Premier Foods, Halfords, Prezzo
21st Apr 2013 21:39
Recently resigned Premier Foods Chief Executive Michael Clarke has left a smell of 'spoilt food' behind him after his 18-month tenure. While he did push through a vital restructuring he left the job half done. In fact, the company's very existence is still in question. Its deficit is expected to dou
Read moreFTSE 250 movers: AZ Electronic Materials recovers after yesterday's losses
10th Apr 2013 15:50
Shares in chemicals group AZ Electronic Materials surged today by around 14 per cent, though this only slightly made up for the near-35 per cent slump yesterday after a profit warning. UBS upgraded the stock from 'neutral' to 'buy' this morning, saying that yesterday's sell-off was overdone and that
Read moreHalfords reports in-line results but bemoans weather
10th Apr 2013 07:23
Retailer and car maintenance group Halfords revealed that it will deliver profits in line with expectations for the year to end-March, although the extended winter had dampened sales in the new period. The car and bike specialist said the prolonged winter had resulted in a year-on-year change in t
Read moreWednesday preview: Atkins and Halfords Group updates
9th Apr 2013 14:46
Engineering giant Atkins (WS) is expected to confirm it has been trading in line with expectations in an update Wednesday ahead of its annual results. The FTSE 250 company last month said it was on track to meet targets despite difficult market conditions and analysts predict the trend to continue
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
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