Halfords announces resignation of Commercial Director
3rd Apr 2013 14:26
Halfords Group's Commercial Director, Paul McClenaghan, is stepping down after eight years with the UK retailer of car maintenance, cycling and touring products. Group Chief Executive, Matt Davies, will take over his responsibilities until a successor is found. "We would like to thank Paul for hi
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreHalfords Commercial Director shrinks stake
11th Feb 2013 16:20
Commercial Director of Halfords, Paul McClenaghan, last week sold 46,221 shares in the bike and car accessories retailer, the company announced Monday. The shares were sold at 341.99p, for a total of £158,071. The transaction comes less than a month after the group announced its total revenue for
Read moreLondon close: Markets cautious as US debt fears resurface
15th Jan 2013 16:54
- Anglo sinks into the red by the close - Burberry jumps after Q3 update - Debt ceiling concerns resurface, Obama takes hard-line approach The FTSE 100 finished with only slight gains on Tuesday afternoon as markets continued to be range-bound with concerns over the US debt ceiling weighing on the
Read moreLondon midday: Burberry, platinum stocks provide a lift
15th Jan 2013 11:26
- Burberry impresses with Q3; ARM hit with downgrades - Platinum stocks, prices rise after Amplats shake-up - US debt ceiling concerns return Strong gains for Burberry and platinum stocks helped the FTSE 100 push into positive territory by the midday mark, although gains were limited by resurfacing
Read moreLondon open: Stocks flat as US debt ceiling fears resurface
15th Jan 2013 08:28
Concerns about the US debt ceiling and the German economy were weighing on market sentiment on Tuesday morning, with the FTSE 100 trading broadly flat in the opening hour. President Barack Obama said last night that he would not negotiate with Republicans over raising the debt ceiling, declining to
Read moreLondon pre-open: FTSE set to edge lower in early trading
15th Jan 2013 07:29
City sources predict the FTSE 100 will open down 7 points from yesterday's close of 6,108, tracking weakness in Asia overnight. Meanwhile, yesterday evening saw President Barack Obama refuse to negotiate with Republicans over raising the debt ceiling and declining to trade cuts in government spendi
Read moreTuesday broker round-up UPDATE
15th Jan 2013 07:17
African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum
Read moreRevenue up at Halfords
15th Jan 2013 07:14
Bikes and car accessories retailer Halfords reported a solid increase in total revenue after a strong performance at its autocentres and said there has been no material change in its financial position. Total revenue increased 1.6% for the 15 weeks to January 11th 2013 while revenue rose 0.8% for t
Read moreLondon close: Markets unfazed by Osborne's budget
5th Dec 2012 17:10
- Miners gain on Chinese optimism - OBR cuts GDP forecasts - US ISM data lifts markets in afternoon trade The Footsie finished the day with decent gains on Wednesday as investors mostly shrugged off Chancellor George Osborne's budget statement, with the upbeat mood helped by economic data from the
Read moreFTSE 250 movers: Home Retail rises on upgrade
5th Dec 2012 15:34
Shares in Argos and Homebase owner Home Retail raced ahead today after Bank of America Merill Lynch upgraded the stock from 'neutral' to 'buy' and hiked its price target from 110p to 130p. The broker said: "We see Argos as a beneficiary of recent capacity withdrawal in the electricals area and als
Read moreWednesday broker round-up UPDATE
5th Dec 2012 07:19
Anglo American: Morgan Stanley reduces target price from 2110p to 1802p and keeps an equal weight rating. Brewin Dolphin Holdings: Peel Hunt raises target price from 185p to 230p and maintains a buy rating. British Sky Broadcasting Group: Nomura raises target price from 950p to 975p and reiterates
Read moreFriday broker round-up UPDATE
23rd Nov 2012 07:26
African Minerals: Citigroup reduces target price from 500p to 470p, buy recommendation reiterated. Alpha Real Trust: Panmure Gordon reduces target price from 77p to 76p, hold recommendation kept. Antofagasta: Alphavalue raises target price from 1073.30p to 1346.40p and upgrades to add. British La
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreLondon close: Footsie rallies in afternoon trade
21st Nov 2012 16:30
- Greek aid agreement expected next week - Trading expected to be light tomorrow - Johnson Matthey tumbles six per cent after gloomy outlook The FTSE 100 opened on the back foot on Wednesday morning after the initial disappointment regarding a delay in funds to Greece; however comments by Eurozone
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