Broker tips: Retailers, European Goldfields, LSL
22nd Dec 2011 11:15
Credit Suisse has reassessed its forecasts across the European General Retail sectorahead of the January 2012 trading statement season. "Demand conditions for 2012 remain uncertain, although we are cautiously optimistic on the UK environment versus the rest of Europe," the Swiss broker said. "An
Read moreBroker snap: Credit Suisse cautiously optimistic for UK retailers
22nd Dec 2011 10:58
Credit Suisse has reassessed its forecasts across the European General Retail sector ahead of the January 2012 trading statement season. "Demand conditions for 2012 remain uncertain, although we are cautiously optimistic on the UK environment versus the rest of Europe," the Swiss broker said. "Ann
Read moreThursday broker round-up - UPDATE
22nd Dec 2011 08:21
Kingfisher: Credit Suisse reiterates outperform rating and 310p target. Next: Credit Suisse maintains outperform rating and 3,000p target. Marks & Spencer: Credit Suisse cuts target from 345p to 334p, neutral rating unchanged. Home Retail: Credit Suisse cuts target from 85p to 70p, keeps underper
Read moreFTSE 250 Movers: Retailers dive on consumer confidence
21st Dec 2011 14:42
Retailers were the heavy fallers after the GfK NOP UK consumer confidence index fell to its lowest level since February 2009. The index decreased to -33 points in December from -31 the month before. The market consensus had been expecting a small up-tick to -31. A downbeat report by Fitch hasn't d
Read moreReckitt Benckiser director sells £13.3m of shares
30th Nov 2011 16:52
The deputy chairman of the board at Reckitt Benckiser has sold off millions of pounds worth of his stake in the firm. Peter Harf, who has occupied his position since 1999, sold 416,000 shares at 3,208.92p each for a total of £13,349,107. Towards the end of October the firm, which makes a number
Read moreFTSE 250 Movers: Thomas Cook regains lost ground
23rd Nov 2011 15:33
Thomas Cook was regaining lost ground after plummeting on Tuesday on the revelation that it would delay the release of its results until it has asked its banks about borrowing more money. The company is running short of cash due to a "deterioration of trading in some areas of the business in the cur
Read moreWednesday broker round-up - UPDATE
23rd Nov 2011 09:22
Compass: Seymour Pierce reiterates buy rating and 650p target. Compass: Investec maintains buy and 630p target. Compass: Evolution Securities keeps buy rating and 640p target. Meggitt: UBS downgrades from neutral to sell, target cut from 340p to 330p. SABMiller: Investec upgrades from hold to bu
Read moreFTSE 250 Movers: Premier Foods rising - again
11th Nov 2011 12:47
Premier Foods was soaring once again, buoyed by the news announced earlier in the week that it would be given breathing space on a covenant test. The firm was also aided by news that one of its directors had purchased himself shares. Following suit, precision instrumentation and controls company S
Read moreFTSE 250 Movers: Homeserve rises over 21%
10th Nov 2011 14:45
HomeServe rose over 21% after reporting that it has restarted its sales activity following the mis-selling scandal exposed on 31 October. However, Panmure Gordon has kept its sell rating on repair services firm saying, "The risk of mis-selling issues remains unknown but real." Panmure said it will
Read moreRobust performance for Halfords
10th Nov 2011 13:21
Halfords, the leisure, cycling and automotive specialist, saw its share price rise despite falls in revenue and profit in the 26 weeks to 30 September. Underlying group revenue for the period was down just 0.1%, while operating profit fell 17.7% from £69.1m to £56.9m and the operating margin fell
Read moreUPDATE: Thursday broker round-up
6th Oct 2011 09:28
Intermediate Capital: RBS cuts target from 405p to 360p, buy rating maintained. EasyJet: Credit Suisse upgrades to overperform from neutral. RyanAir: Credit Suisse upgrades to overperform from neutral. Tesco: Credit Suisse reiterates overperform with target at 500p. Tesco: Evolution Securities
Read moreLondon pre-open: Rally still has legs
6th Oct 2011 07:22
A strong showing on Wall Street yesterday has given renewed heart to London, where the top-share index is set to open around 50 points up from yesterday's close of 5,102. Bikes and car parts seller Halfords was thankful for its recently acquired Autocentres business, which notched up a 3.1% year-o
Read moreHalfords sees sales decline
6th Oct 2011 07:19
Halfords, the leisure, cycling and automotive specialist, has seen sales at its retail operations drop 2.8% on a like-for-like basis in its second quarter. The like-for-like drop is almost matched by a 2% decline in total sales. However, Halford's Autocentres, the car servicing arm of the company
Read moreThursday preview: Central banks may be poised to act
5th Oct 2011 15:58
Attention on Thursday will be directed toward the Bank of England (BoE) and the European Central Bank (ECB), both of which are expected, by some at least, to announce changes to recent policy. Though there has been talk of the Old Lady of Threadneedle Street cutting the UK benchmark interest rate f
Read moreLondon close: Buoyant RBS, Barclays and Lloyds boost FTSE 100
23rd Sep 2011 16:38
Stocks rediscovered their earlier strength, but only after tumbling below the 5,000 point mark on another volatile day for the leading share index. Banks were prominent among the risers, with Barclays, Lloyds and RBS posting decent gains, after talk of a 50 basis point cut in European Central Bank
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