Tuesday tips round-up: Ricardo, Aggreko, Reed Elsevier
27th Sep 2011 06:48
Ricardo has never been busier turning out the sort of supercars that would seem to be out of the price range of anyone barring investment bankers and Russian oligarchs. The company's performance products division, which is the part of Ricardo that actually makes things as opposed to advising how to,
Read moreSector movers: Kingfisher, Dunelm, Home Retail pull retailers higher
16th Sep 2011 15:16
Kingfisher and Dunelm pulled the general retailing sector to the top of the pile on Friday, extending gains made yesterday on the back of some strong results. Kingfisher, the company behind the Screwfix and B&Q brands, was among the top risers on the FTSE 100 for the second day in a row after it an
Read moreBroker tips: Home Retail, Premier Farnell, Evolution
9th Sep 2011 12:33
Singer Capital Markets has slashed its target price for FTSE 250 retailer Home Retail Group by 29%, after the group's first half results showed continued tough trading at Argos and a challenging second quarter for Homebase. "Whilst not as bad as feared the continued weakness of trade at Argos and o
Read moreBroker snap: Singer scales back forecasts for Home Retail
9th Sep 2011 12:30
Singer Capital Markets has slashed its target price for FTSE 250 retailer Home Retail Group by 29%, after the group's first half results showed continued tough trading at Argos and a challenging second quarter for Homebase. Shares rose on Thursday after the group reported that while Argos - which i
Read moreFTSE 250 Movers: Home Retail Group takes a dip
9th Sep 2011 11:24
Home Retail Group was heading south after Singer Capital Markets slashed its target price for the retailer by 29%, after the group's first half results showed continued tough trading at Argos and a challenging second quarter for Homebase. Shares rose on Thursday after the group reported that while
Read moreLondon close: Late rally pulls FTSE 100 into blue
8th Sep 2011 16:32
It was a volatile day for the Footsie on Thursday, as a steady decline after the Bank of England (BoE) rate decision was met with a late afternoon comeback. The Footsie managed to pull above water by 16:30 to finish with a gain of 0.41%. The BoE announced at midday that it had kept interest rates u
Read moreSector movers: Retailers rise after results impress
8th Sep 2011 16:08
The retailers were in demand on Thursday afternoon, defying a generally gloomy outlook for the UK consumer, after some pleasing results from giants Morrison and Home Retail Group. Supermarket chain Morrison's focus on value - and longer opening hours - helped it post sales and profits ahead of expe
Read moreFTSE 250 Movers: Home Retail rises on trend reversal at Argos
8th Sep 2011 13:30
Home Retail Group, the company which owns Argos and Homebase, saw shares jump higher, despite reporting a fall in second quarter revenues in both chains. Even though Argos - which is by far the bigger operation - registered a 7.1% decrease in sales to £859m, on a like-for-like (LFL) basis, the rate
Read moreLondon midday: Stocks stay buoyant
8th Sep 2011 12:02
Shares are posting continued gains as investors take an extended break from fretting about the eurozone crisis. Supermarket chain Morrisons' focus on value helped it post sales and profits ahead of expectations in the half year to 31 July. Pre-tax profits rose to £449m from £412m the previous year
Read moreLondon open: Flat start but Home Retail jumps
8th Sep 2011 08:26
Stocks are seeking direction this morning as traders pause for breath following yesterday's big gains Supermarket chain Morrisons' focus on value helped it post sales and profits ahead of expectations in the half year to 31 July. Pre-tax profits rose to £449m from £412m the previous year. Turnover
Read moreHome Retail jumps as Argos's sales decline slows
8th Sep 2011 07:16
Home Retail Group, the company which owns Argos and Homebase, saw shares jump higher on Thursday morning, despite reporting a fall in second quarter revenues in both chains. Even though Argos - which is by far the bigger operation - registered a 7.1% decrease in sales to £859m, on a like-for-like (
Read moreLondon pre-open: Footsie to continue climbing
8th Sep 2011 07:14
Having climbed back above 5,300 yesterday the Footsie is set to rise further at the outset after Wall Street put in a good shift last night. City sources predict the FTSE 100 will open 22 points up from yesterday's close of 5,319. Supermarket chain Morrisons' focus on value helped it post sales and
Read moreThursday preview: Morrisons, Home Retail
7th Sep 2011 14:48
Fast growing supermarket chain Morrisons releases interim results, and broker Nomura Securities thinks the group's marketing campaigns such as Biggest Ever Price Crunch and Fuel Britannia will have gone down well with "austerity Britain". The broker reckons the company will unveil 2.0% growth, or
Read moreBroker snap: Money's too tight too mention for retailers, says Citi
6th Sep 2011 10:32
So gloomy is broker Citigroup about British retailers that it has resorted to quoting a Mancunian soul band to express its feelings on the sector. In a note that takes its title from the Simply Red cover "Money's Too Tight (To Mention)", Citi has lowered its rating on the UK retail sector to "neutr
Read moreLondon close: Another slide for FTSE 100
5th Sep 2011 16:48
Stocks were on the slide Monday, giving up many of last week's gains, with banks bearing the brunt of the selling. Bank shares fell back after a report that the ratings agency Moody's is set to lower its ratings on Lloyds, RBS and other British banks. Sky News reported over the weekend that Moody's
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