Oriel 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
Read moreFTSE 250 movers: Spirent Comms lifted by reports of new technology
14th Mar 2014 15:46
Spirent Communications was higher on reports it has launched a new piece of technology which is used to address the ultra-high bandwidth requirements of modern communication networks. Rajesh Rajamani, Market Segment Leader, was quoted as saying: "Spirent continues to advance the boundaries of next
Read moreFriday broker round-up UPDATE
14th Mar 2014 09:07
Barclays: Nomura reduces target price from 305p to 285p staying with its buy recommendation. Investec lowers target price from 305p to 295p and keeps its buy recommendation. Ferrexpo: Westhouse Securities increases target price from 190p to 220p and reiterates a buy recommendation. F&C Asset Manag
Read moreFTSE 250 movers: Home Retail leaps on profit outlook
13th Mar 2014 15:51
Home Retail, the owner of UK retail chains Argos and Homebase, rose strongly after it forecast annual profits above expectations after good trading in the last couple of months. It said it expects group benchmark pre-tax profit in the year to March 1st to be slightly ahead of the top end of market
Read moreLondon midday: Supermarkets lead FTSE lower
13th Mar 2014 11:58
- FTSE 14 points lower - Supermarkets drag after Morrison's results - Chinese growth point to slowdown techMARK 2,804.40 -0.46% FTSE 100 6,608.61 -0.19% FTSE 250 16,261.58 -0.40% Stocks were being weighed down by the supermarket sector this morning, while concerns over a slowdown in Chinese growth
Read moreHargreaves Lansdown says brokers may upgrade Home Retail
13th Mar 2014 11:47
Broker Hargreaves Lansdown said the City may upgrade its forecasts for Home Retail as the Argos and Homebase retailer forecast better-than-expected annual profits. Outgoing Chief Executive Terry Duddy said on Thursday that a good January and February would help the group to announce pre-tax profit
Read moreLondon open: Markets hold at one-month low as WM Morrison sinks
13th Mar 2014 08:20
- WM Morrison sinks after annual results and review - Supermarket stocks sink sharply - Chinese data misses forecasts, again - Home Retail impresses with full-year guidance techMARK 2,813.76 -0.12% FTSE 100 6,616.81 -0.06% FTSE 250 16,313.25 -0.08% UK markets opened broadly flat on Thursday as a r
Read moreHome Retail sees FY profits above hopes after good start to 2014
13th Mar 2014 07:00
The owner of UK retail chains Argos and Homebase has forecast annual profits above hopes after good trading in the last couple of months, although it warned markets were likely to stay under pressure. Home Retail, which has 50,000 staff, expects group benchmark pre-tax profit in the year to March 1
Read moreFTSE 250 movers: IP Group jumps on IPO of portfolio group Xeros
21st Feb 2014 13:57
Intellectual property company IP Group soared after announcing plans to float its portfolio company Xeros on the AIM market. Around a third of washing machine firm Xeros will be put up for sale, which is expected to raise between £30-40m. IP believes it will allow Xeros to "accelerate the roll-out
Read moreFTSE 250 movers: Kazakhmys soars on currency valuation change
11th Feb 2014 15:47
Kazakhstan-focused copper miner Kazakhmys surged after Kazakhstan's central bank devalued the local currency, the tenge, by 19 per cent. This, analysts at Investec said, will lead to a 10 per cent reduction in costs for Kazakhmys, given that around half of its costs are tenge-denominated. However, t
Read moreSector movers: Retailers mostly higher, but supermarket giants fall
11th Feb 2014 13:49
Retail stocks were putting in a mixed performance in London on Tuesday with general retailers making gains while supermarket chains headed lower. Overall, the UK retail sector registered healthy growth in January, according to figures released this morning by British Retail Consortium (BRC) which s
Read moreWednesday newspaper round-up: Punch Taverns, TalkTalk, FCA...
5th Feb 2014 06:47
Punch Taverns, Britain's second biggest pubs group, will warn its lenders on Wednesday that failure to pass a controversial debt restructuring deal could lead to at least five years of "mess" and "uncertainty". The company, which has 4,000 pubs in the UK, has been wrestling with its lenders and shar
Read moreFriday broker round-up UPDATE
17th Jan 2014 10:05
Aberdeen Asset Management: JP Morgan cuts target price from 544p to 529p, while its overweight rating remains unchanged. Canaccord Genuity reduces target price from 586p to 540p and reiterates a buy recommendation. UBS lowers target price from 540p to 520p and keeps a buy recommendation. Ashtead Gr
Read moreLondon close: FTSE 100 flat near eight-month high, but miners surge
16th Jan 2014 17:07
- Markets pause for breath after recent highs - Mining stocks surge as Citi turns bullish - Aberdeen drops as AuM fall - Retailers AB Foods, Halfords, Dixons, Home Retail in focus techMARK 2,843.65 +0.10% FTSE 100 6,815.42 -0.07% FTSE 250 16,209.65 -0.51% UK markets finished largely flat on Thursd
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