Ebay and Argos to pilot 'click-and-collect' tie-up scheme
24th Sep 2013 12:07
Online retailer Ebay and Home Retail Group-owned Argos have announced a 'click-and-collect' tie-up deal. The scheme, which will be piloted in around 150 Argos stores, will allow eBay shoppers to purchase certain goods online and collect them in store. More than 50 unnamed e-Bay sellers have agre
Read moreFriday broker round-up UPDATE
13th Sep 2013 08:26
ASOS: Panmure Gordon raises target price from 4555p to 5950p maintaining a buy recommendation. AstraZeneca: Jefferies reduces target price from 3200p to 2850p and retains a hold recommendation. Barclays: Jefferies initiates with a target price of 367p and a buy recommendation. Barratt Development
Read moreFTSE 250 movers: Dialight dives on profit warning
12th Sep 2013 14:26
Delays in the signing of large contracts has forced industrial lighting group Dialight to warn that profits will be flat for the full year, causing shares to drop sharply, pushing the stock into the bottom spot on the second tier index. Kentz was also a heavy faller after AMEC said it would not
Read moreHot summer lifts sales at Home Retail chains
12th Sep 2013 07:35
Home Retail, the owner of the Argos and Homebase retail chains, said it expected full-year profits to meet expectations after the good summer helped sales growth gather pace. Underlying sales at Argos rose 2.7% in the second quarter, picking up from 1.9% growth in the first quarter driven by strong
Read moreBroker tips: Glaxo, IHG, Retailers
5th Sep 2013 11:25
Panmure Gordon has maintained its 'buy' recommendation for pharmaceutical giant GlaxoSmithKline but admitted that it was disappointed with the firm's setback on its potential new skin-cancer treatment. The broker explained that MAGE-A3 is a theraputic cancer vaccine - "the holy grail of the industr
Read moreBroker snap: Weather to dominate retailers' results, says Nomura
5th Sep 2013 10:56
Nomura has reiterated its 'bullish' view on the European retail sector, saying that while the macro signs of recovery are clear, the weather will likely drive updates from a host of companies this month. On the whole, Nomura said it remains upbeat about UK retail "as we expect a housing market reco
Read moreWednesday broker round-up UPDATE
4th Sep 2013 08:50
Abbey Protection: Numis lowers target price from 120p to 110p keeping a hold recommendation. Antofagasta: Investec takes target price from 707p to 725p, but still recommends selling. Ashtead Group: Numis ups target price from 640p to 670p and retains a hold recommendation. Panmure Gordon increases
Read moreHome Retail chief Duddy ends speculation by stepping down
4th Sep 2013 07:13
The Chief Executive of Argos and Homebase owner Home Retail Group has handed in his notice, ending speculation about his future at the firm. Terry Duddy, who became Chief Executive of Argos in 1989 when it was part of FTSE 100-listed GUS and took the helm of Home Retail in 2006, is due to leave af
Read moreFTSE 250 movers: Hochschild Mining rebounds strongly as brokers lift targets
22nd Aug 2013 14:15
Precious metals producer Hochschild Mining was making gains on Thursday, rebounding strongly after disappointing the market on Wednesday by suspending its interim dividend as falling metals prices hit revenues and profits. Westhouse Securities, JPMorgan Cazenove and RBC Capital Markets all upgraded
Read moreBroker tips: Retailers, Babcock, Rio Tinto
16th Jul 2013 11:45
Nomura has lifted its view on the UK retail sector from 'neutral' to 'bullish', even though the category has outperformed the wider market so far this year. Nomura has raised its recommendation for electrical retailer Dixons from 'neutral' to 'buy', lifting its target price from 31p to 60p, saying
Read moreBroker snap: Nomura turns bullish on UK retailers
16th Jul 2013 09:25
Nomura has lifted its view on the UK retail sector from 'neutral' to 'bullish', even though the category has outperformed the wider market so far this year. The broker said that lower taxes and high social security - "hardly a recipe for confident spending" - have propped up disposable income over
Read moreLondon close: FTSE 100 near seven-week high
15th Jul 2013 16:28
Decent gains in the financial sector boosted the FTSE 100 on Monday as markets welcomed in-line growth figures from China and record highs on Wall Street. The FTSE 100 finished 41 points higher at 6,586 today; the last time it closed higher was on May 30th when it reached 6,657. While the index cl
Read moreFTSE 250 movers: Retailers gain as data shows increase in footfall
15th Jul 2013 13:54
Retail stocks were on shopping lists on Monday afternoon after data from the British Retail Consortium (BRC) showed that footfall inched 0.1 per cent higher in June, compared with a year ago. With the increase coming from High Street and out-of-town locations, retailers like SuperGroup, Sports Dir
Read moreLondon midday: Banks, miners provide a lift after China data
15th Jul 2013 11:42
Cyclical stocks welcomed in-line gross domestic product (GDP) figures from China on Monday morning with the FTSE 100 nearly hitting seven-week highs early on. London's benchmark index started the new week trading near the 6,600 level; the last time the FTSE 100 closed higher was on May 30th. Gains
Read moreFriday broker round-up UPDATE
14th Jun 2013 08:15
Amlin: UBS starts with a target price of 400p and a neutral rating. Cairn Energy: JP Morgan takes target price from 320p to 340p maintaining a neutral rating. Catlin: UBS initiates with a target price of 475p and a neutral rating. Chemring: Credit Suisse increases target price from 210p to 260p a
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