Home Retail Buys Back 0.7M Shares
14th Jun 2010 17:12
LONDON (Dow Jones)--Home Retail Group PLC (HOME.LN) said Monday it purchased 700,000 Ordinary shares of 10 pence each. MAIN FACTS: -Highest price paid per share: 234.50 pence -Lowest price paid per share: 230.15 pence -The purchase, including stamp duty and other transaction costs,
Read moreLondon close: Mining stocks boost Footsie
14th Jun 2010 16:49
Footsie finished with good gains as mining stocks enjoyed a boost from higher metals prices. Mining companies Kazakhmys, Vedanta and BHP Billiton went well but it was silver and gold miner Fresnillo that led the way on rumours that the company is under the bid microscope. BP's slide continues. Th
Read moreLondon afternoon: Fresnillo adds lustre to Footsie
14th Jun 2010 14:12
Expectations of a firm start on Wall Street and a paring of the morning's losses suffered by BP enabled the Footsie to extend its rise over the lunchtime session. Mining companies are enjoying a lift from stronger metals prices. Kazakhmys, Vedanta and BHP Billiton are all going well but it is silve
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
14th Jun 2010 08:39
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0739 GMT [Dow Jones] JPMorgan Cazenove downgrades Home Retail Group (HOME.LN) to underweight from overweight. Says the dow
Read moreMARKET TALK: JPMorgan Cazenove Cuts Home Retail To Underweight
14th Jun 2010 08:39
0739 GMT [Dow Jones] JPMorgan Cazenove downgrades Home Retail Group (HOME.LN) to underweight from overweight. Says the downgrade reflects concerns about the longer-term structural challenges for the group as well as the brokerage's near-term view that its exposure to the mass market customer places
Read moreHome Retail Group Buys Back 1.33M Shares At 233.59P
11th Jun 2010 17:05
LONDON (Dow Jones)--Home Retail Group PLC (HOME.LN) said Friday it has purchased 1,330,000 of its ordinary shares for an average price of 233.59 pence per share and GBP3.11 million in total. MAIN FACTS: -This has been funded from Group cash resources. -The purchased shares will be cancel
Read moreLondon afternoon: US retail sales data spooks equities
11th Jun 2010 14:40
Footsie's morning gains evaporated over the lunchtime session after much worse than expected US sales figures were released. US retail sales had been expecting to rise 0.3% in May after climbing 0.4% in April but instead of rising they took a step back for the first time since September, falling 1
Read moreLondon midday: BP bounces back
11th Jun 2010 12:27
Though miners and banks are in the doldrums the market is making headway and, unusually, the advance is being led by BP. The oil giant yesterday reported the amount of oil it is capturing from the Gulf of Mexico leak has risen to 15,800 barrels per day, but as fast as it is improving the rate at w
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
11th Jun 2010 08:16
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0716 GMT [Dow Jones] Citigroup cuts Home Retail (HOME.LN) price target to 220p from 290p after a weaker than expected firs
Read moreMARKET TALK: Citigroup Cuts Home Retail Price Target
11th Jun 2010 08:16
0716 GMT [Dow Jones] Citigroup cuts Home Retail (HOME.LN) price target to 220p from 290p after a weaker than expected first quarter, particularly at Argos. Given fading household cashflow in 2H and the risk of a more competitive electrical market around peak trading, cuts February '11E pretax profit
Read moreFriday tips round-up: Home Retail, Premier Farnell, Go-Ahead
11th Jun 2010 07:02
It was a tale of two divisions yesterday at Home Retail Group. While underlying sales declined by just 1.4% at the group's DIY chain Homebase, which was ahead of expectations, like-for-like sales tumbled by a disappointing 8.1% at its catalogue operation, Argos. Home Retail's shares now trade on a
Read moreHome Retail Group Buys Back 1.79M Shares At 227.3P
10th Jun 2010 17:40
LONDON (Dow Jones)--Home Retail Group PLC (HOME.LN) said Thursday it has purchased 1,785,000 of its ordinary shares at an average price of 227.30 pence per share and GBP4.06 million in total. MAIN FACTS: -This has been funded from Group cash resources. -The purchased shares will be cance
Read moreLondon close: Decent day for Footsie
10th Jun 2010 16:43
Footsie closed up handily after a decent start on Wall Street on a day dominated again by the problems besetting oil giant BP. On the economic front the Bank of England's Monetary Policy Committee, as expected, left its interest rate and quantitative easing policies unchanged. The European Central
Read moreFTSE 100 movers: ARM propelled by iPad optimism
10th Jun 2010 15:15
Chip maker ARM is leading the Footsie higher today. Shares in ARM have jumped on the back of long-term prospects for the tablet market following bumper sales of the iPad. Analysts' believe that this could mark the beginning of a booming market for tablet products, which require the type of chips t
Read moreMARKET TALK: SocGen Downgrades Home Retail To Hold From Buy
10th Jun 2010 14:41
1341 GMT [Dow Jones] Societe Generale downgrades Home Retail Group (HOME.LN) to hold from buy and cuts target price to 226p from 332p following a disappointing 1Q performance from Argos. Says like-for-like sales were down 8.1% versus the brokerage's expectations for a 3.5% decline. Notes the poor sa
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