Oriel Securities hints at forecast upgrades for Home Retail
12th Jun 2014 15:51
Oriel Securities hinted that it may upgrade forecasts for Home Retail after the Argos and Homebase owner reported a good start to the year. Oriel said it was not changing its forecasts "but the pressure is to the upside" after Home Retail said strong sales of seasonal products in better weather hel
Read moreFTSE 250 movers: Lonmin jumps on potential resolution to strikes
12th Jun 2014 14:15
Shares in Lonmin, up nearly 10%, have rebounded strongly - having fallen as much as 4% earlier on - after reports that the AMCU union in South Africa has agreed to take an offer from partners Impala, Amplats and Lonmin to employees following strikes began earlier this year. Electronic components di
Read moreLondon pre-open: Modest gain expected on FTSE
12th Jun 2014 07:40
UK-listed stocks are expected to move slightly higher early on today, reversing some of Wednesday's losses as investors gear up for what is set to be a somewhat heavier session in terms of macro data. City sources predict the FTSE 100 will open around five points higher than yesterday's close of 6
Read moreHome Retail reports good start to year
12th Jun 2014 07:17
Argos and Homebase owner Home Retail reported a good start to the year and said it was on track to hit full-year targets, but cautioned that it faced a challenge to match a strong second quarter last year. Home Retail said strong sales of seasonal products due to better weather had helped Argos and
Read moreSunday share tips: Home Retail, Bellway, Minoan
8th Jun 2014 17:29
Be wary of Home Retail's revival, Danny Fortson advised in the Sunday Times. The owner of Argos and Homebase has surprised investors by turning itself into a click-and-collect powerhouse, combining online sales with Argos's branch network. First-quarter trading numbers should be strong on June 10th.
Read moreSector movers: Retail stocks slip as Kingfisher's Q1 disappoints
29th May 2014 14:30
Retail stocks were off shopping lists on Thursday as results from B&Q owner Kingfisher left investors unimpressed. Europe's biggest home improvement retailer, which also owns Screwfix and Mr Bricolage in France, saw shares fall after reporting retail profits of £142m in the three months ended May 3
Read moreLondon midday: Stocks down slightly after CPI data
20th May 2014 12:00
- CPI above forecasts due to impact of Easter - China faces arduous task meeting growth target - Russia being pulled into a second Cold War techMARK 2,716.85 -0.10% FTSE 100 6,814.89 -0.43% FTSE 250 15,454.01 +0.48% Stocks were holding slightly lower come midday following the release of a bit high
Read moreLondon open: Russia has prepared retaliatory sanctions, Medvedev says
20th May 2014 08:59
- China faces arduous task meeting growth target - Russia being pulled into a second Cold War - New blood at the Bank of England may be a good thing, FT writes techMARK 2,718.30 -0.04% FTSE 100 6,828.87 -0.23% FTSE 250 15,474.82 +0.62% Stocks moved slightly lower after China's Commerce Ministry sa
Read moreWednesday broker round-up UPDATE
14th May 2014 09:34
African Minerals: Deutsche Bank lowers target price from 335p to 324p maintaining a buy recommendation. Aveva: Panmure Gordon downgrades from buy to hold with a target price of 2199p. Aviva: Panmure Gordon ups target price from 540p to 585p and keeps a buy recommendation. boohoo.com: Investec ini
Read moreSinclair IS Pharma non-execs subscribe for placing shares
2nd May 2014 15:55
Stuart Swanson, a non-executive director of AIM-listed Sinclair IS Pharma on Friday subscribed for just under 3.13m shares as part of a placing that was on Thursday approved by shareholders to support the acquisition of Silhouette, an aesthetics company. The deal followed a purchase made earlier
Read moreLondon close: FTSE extends gains ahead of FOMC statement
30th Apr 2014 16:59
- FTSE ends 10.12 points higher at 6,780.03 - US GDP misses expectations - Focus very much of FOMC meeting statement techMARK 2,780.50 -0.39% FTSE 100 6,780.03 +0.15% FTSE 250 15,817.20 -0.50% UK indices ended today's session slightly higher following a raft of corporate announcements, mixed data
Read moreFTSE 250 movers: Heritage Oil climbs on takeover offer news
30th Apr 2014 15:03
The share price of Heritage Oil surged today after the company announced that it had received a takeover offer from Energy Investments Global, part of Qatar's Al Mirqab Capital. The company also reported its full-year results which unveiled that profits doubled in 2013 on the back of record producti
Read moreHome Retail returns to growth and eyes 'leadership position'
30th Apr 2014 08:09
- Sales up three per cent - Like-for-likes positive in both businesses - Underlying PBT up 27 per cent - Dividend up 10 per cent to 3.3p Annual sales and profits returned to growth at Home Retail as Chief Executive Terry Duddy stepped down, with results reaching the top end of expectations thanks t
Read moreOriel reviews 'hold' on Carpetright after profit warning
26th Mar 2014 11:07
Oriel Securities is reviewing its recommendation on Carpetright after the floor covering retailer warned on annual profits. The broker said it was reviewing its 'hold' advice after Carpetright said it expected underlying pre-tax profit in the year to April 26th to be between £3.5m and £5.5m, agains
Read moreFriday broker round-up UPDATE
21st Mar 2014 09:36
Anglo American: Nomura reduces target price from 1550p to 1475p and retains a neutral rating. Antofagasta: Nomura cuts target price from 800p to 720p and stays with its reduce rating. Canaccord Genuity reduces target price from 1030p to 880p, while its buy recommendation is kept. ASOS: UBS reduces
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