Sunday share tips: Debenhams, Johnston Press, Carpetright
22nd Jun 2014 14:13
Steer clear of shares in Debenhams, Questor advised in the Sunday Telegraph. There was no repeat of the December 31st profit warning when the department store group published its trading statement on June 20th. Trading was in line with expectations. But Debenhams has damaged its brand by repeatedly
Read moreJohnston Press confirms admission of 46bn shares
29th May 2014 12:25
Newspaper publisher Johnston Press on Thursday confirmed that 46bn shares have been admitted to trading following the placing and rights issue announced earlier in May. Of this, 4.59bn were subcribed for under the rights issue, while the remaining 13.68m were placing shares. NR
Read moreJohnston Press reveals 360m pounds refinancing and 650 job cuts
9th May 2014 09:56
Shares in Johnston Press lost a quarter of their value on Friday after the British regional newspaper publisher unveiled a 360m pounds capital refinancing to slash its 311m pounds debt pile and 650 job losses. The stock fell 6p to 18p as Johnston said it planned to raise the cash in a share placing
Read moreFriday broker round-up UPDATE
9th May 2014 08:44
Advanced Medical Solutions: Numis ups target price from 105p to 121p and retains its hold recommendation. Arrow Global: Numis upgrades from add to buy with a target price of 285p. Bank of Georgia: Numis downgrades from buy to hold with a target price of 2708p. Barclays: Citi lowers target price f
Read moreSunday newspaper round-up: RBS, AO World, Tesco
2nd Mar 2014 10:52
Royal Bank of Scotland is working on a plan to merge its troubled Ulster Bank arm with one of the Irish business's rivals, the Sunday Times reported. RBS is looking at merging Ulster Bank with banks such as Permanent TSB or the Irish arms of Danske Bank or KBC. Combining with one of these businesses
Read moreSunday newspaper round-up: UK economy, RBS, Tesco
1st Dec 2013 16:13
The Office for Budget Responsibility (OBR) will say the economy is growing at twice the rate it forecast in March, the Sunday Telegraph and Sunday Times reported. The OBR will say 2013 growth has jumped to 1.4% from the 0.6% it predicted eight months ago. Next year the economy will grow by about 2.3
Read moreJohnston Press reports decline in first half revenue
28th Aug 2013 10:01
Media group Johnston Press reported a 9.8 per cent fall in like-for-like total revenue at 144.3m pounds in the first half as advertising sales slipped. A 13.6% drop in advertising revenue failed to offset a 13.3% increase in digital revenue. Nevertheless, the company managed to achieve a 4.3% ris
Read moreJohnston Press names new Chief Financial Officer
15th May 2013 09:53
Community media group Johnston Press has reported that from June 1st 2013 David King will succeed Grant Murray, following Grant's resignation as Chief Financial Officer. King was previously at Time Out Group, the print and digital entertainment information business, where he was Chief Executive Off
Read moreTuesday broker round-up UPDATE
14th May 2013 08:04
Babcock International: Jefferies increases target price from 1080p to 1250p and maintains a buy recommendation. Barratt Developments: Bank of America takes target price from 265p to 325p, while downgrading to neutral. Belgravium Technologies: WH Ireland places both its target price and its neutral
Read moreFriday broker round-up UPDATE
22nd Mar 2013 08:48
Afren: Nomura shifts target price from 175p to 180p keeping a neutral rating. ASOS: Nomura increases target price from 2000p to 2630p, while reiterating a neutral rating. Betfair: Panmure Gordon takes target price from 761p to 813p and leaves its buy recommendation unchanged. Brewin Dolphin Holdi
Read moreJohnston Press underlying profit slumps
19th Mar 2013 07:29
Media group Johnston Press reported a sharp decline in underlying profit and advertising revenues for the full year but posted a twelve per cent increase in digital advertising revenues. The heavily indebted newspaper publisher said underlining pre-tax profit tumbled to £12.6m in the 52 weeks ended
Read moreChief Operating Officer resigns from Johnston Press
14th Dec 2012 10:37
Johnston Press has announced Chief Operating Officer Danny Cammiade will be stepping down as the media company undergoes a restructuring. Cammiade, who has been an executive director since 2005, will leave the organisation next March. Chairman of Johnston Press, Ian Russell, said: "Danny has be
Read moreThursday broker round-up UPDATE
13th Dec 2012 07:22
Advanced Medical Solutions: Investec reduces target price from 93p to 68p and downgrades from buy to hold. Numis downgrades to hold, while maintaining the target price at 165p. Canaccord Genuity moves target price from 93p to 90p and retains a buy recommendation. Anglo American: JP Morgan moves tar
Read moreFriday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreJohnston Press optimistic despite deteriorating trading
13th Nov 2012 09:48
Heavily indebted newspaper publisher Johnston Press has reporting 'challenging market conditions' although it expects full-year operating profit performance for 2012 to be broadly in line with current market expectations. It said: "Provided that the trading environment does not deteriorate further,
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