Home Retail's Finance Director sells shares
8th Feb 2013 16:16
The Financial Director of Home Retail, Richard Ashton, on Thursday sold 249,975 shares in the household goods retailer, three weeks after the company raised its full-year profit expectations on the back of increased sales at its Argos business over the Christmas period. The shares were sold at 127.
Read moreThursday broker round-up UPDATE
31st Jan 2013 07:07
Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant
Read moreLondon close: FTSE 100 edges closer to 6,300 after recent strong run
28th Jan 2013 16:58
Improving newsflow in China and some better-than-expected economic data from the US helped the FTSE 100 come close to the 6,300 barrier on Monday, a level not seen since mid-2008. "What seems to be an unrelenting grind higher has continued today, with fund manager's chatter of the big rotation bein
Read moreFTSE 250 movers: Home Retail Group suffers following downgrade
28th Jan 2013 15:37
Home Retail Group fell after Morgan Stanley downgraded the stock from overweight to equal-weight, with a target price of 140p. New World Resources also slumped today after saying that the price it could sell its thermal coal in 2013 had tumbled as the market was hit by oversupply. The company manag
Read moreMonday broker round-up - UPDATE
28th Jan 2013 08:04
Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati
Read moreTuesday broker round-up UPDATE
22nd Jan 2013 07:06
Afren: Liberum Capital shifts target price from 120p to 123p staying with its hold recommendation. ASOS: Exane BNP increases target price from 3000p to 3100p and retains an outperform rating. BP: RBC downgrades to sector perform from outperform. Brammer: Peel Hunt moves target price from 300p to
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreLondon close: Stocks boosted by upbeat US data
17th Jan 2013 17:04
Following a subdued morning session, stocks across Europe raced into positive territory on Thursday afternoon on the back of some decent economic data Stateside. Better-than-expected US housing starts and jobless claims figures lifted the mood this afternoon, prompting a strong start on Wall Street
Read moreFTSE 250 movers: Home Retail Group tops the score
17th Jan 2013 15:57
Home Retail Group soared to the top of the FTSE 250 Thursday after Britain's biggest household retailer lifted its full-year profit guidance. The group said its annual pre-tax profit would be £10m pounds ahead of current market consensus at £73m after strong demand for tablet devices drove the grou
Read moreLondon midday: Markets shrug off strong showing by retailers
17th Jan 2013 11:45
In spite of a strong performance by retail stocks, the Footsie was trading flat by Thursday lunchtime with weakness in the mining sector limiting any upside for stock markets in London. Associated British Foods and Home Retail were standout performers in the UK, while retail peers Carrefour and Del
Read moreBroker tips: AB Foods, Home Retail, TUI Travel
17th Jan 2013 10:56
Panmure Gordon has retained its 'hold' rating for Associated British Foods but has hiked its target price from 1,450p to 1,670p after Thursday's trading update, saying that the group should be a 'core holding in the sector'. "ABF was our large cap stock of the year in 2012, and despite a 36% rise o
Read moreBroker snap: Seymour Pierce upgrades Home Retail but still concerned about Argos
17th Jan 2013 10:53
Seymour Pierce has upgraded its rating for Home Retail Group from 'hold' to 'sell' after the firm raised its profit guidance on Thursday, owing to a better-than-expected performance by its Argos division. Nevertheless, the third-quarter trading update was still mixed, the broker said, with Argos be
Read moreHome Retail raises full-year profit expectations
17th Jan 2013 08:40
Britain's largest household goods retailer, Home Retail, raised its full-year profit expectations on the back of increased sales at its Argos business over the Christmas period. Sales at Argos stores open more than a year rose 2.7% in the 18 weeks to January 5th, ahead of a consensus forecast for
Read moreLondon open: Markets flat ahead of Spanish bond auctions
17th Jan 2013 08:27
London's benchmark index opened tentatively on Thursday morning ahead of another big day for corporate earnings in the US. It looks to be a quiet morning for Europe with little data due out, so the focus is likely to be on debt auctions in Spain, as the Treasury attempts to sell 2015, 2018 and 2041
Read moreThursday broker round-up UPDATE
17th Jan 2013 07:19
African Barrick Gold: Westhouse Securities reduces target price from 335p to 305p, while its sell recommendation is unchanged. Anglo American: Exane cuts target price from 2000p to 1650p and downgrades from neutral to underperform. Antofagasta: Exane ups target price from 1400p to 1500p keeping an
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