LondonMetric buys warehouses for £18m
22nd Nov 2016 07:46
(ShareCast News) - LondonMetric Property has bought two warehouses in Hull and Dartford for £18m and have been let to DIY stores, Wickes and B&Q. The Metric Income Plus Limited Partnership, a joint venture with the Universities Superannuation Scheme, has bought a B&Q warehouse in Hull and a Wickes w
Read moreKingfisher remains on track despite drag from France
22nd Nov 2016 07:06
(ShareCast News) - Home improvement retailer Kingfisher sales kept improving in the third quarter, though like-for-like sales growth slowed due to further softness in France. Driven by strong sales in Poland, the restructuring of the B&A chain and continued rapid growth from Screwfix, group sales gr
Read moreTuesday preview: October public borrowing figures in focus
21st Nov 2016 20:22
(ShareCast News) - The economic agenda for Tuesday was exceedingly light although the corporate news-flow was set to pick-up noticeably. Thus, the focus was expected to be on October´s official public finance figures from ONS, particularly as they would be the last set of data ahead of the Chancello
Read moreThursday broker round-up
17th Nov 2016 13:00
(ShareCast News) - Kingfisher: HSBC reiterates hold with a target price of 380p. Astrazeneca: Berenberg reiterates buy with a 55p target. Aggreko: Jefferies stays at hold with a 750p target. Easyjet: Barclays reiterates equal-weight rating with a 1000p target. Amec Foster Wheeler: UBS keeps at ne
Read moreThursday broker round-up
27th Oct 2016 12:29
(ShareCast News) - Debenhams: JP Morgan keeps at underweight with a target price of 54p. AA: Berenberg stays at buy, 315p target. National Express: RBC reiterates outperform with a 405p target. LLoyds: UBS reiterates buy with a 67p target. GlaxoSmithKline: Credit Suisse reiterates neutral with a
Read moreMonday broker round-up
26th Sep 2016 14:17
(ShareCast News) - N Brown: HSBC downgrades to hold with a target price of 205p. Kingfisher: UBS downgrades to neutral, 390p target. Morrison: Credit Suisse keeps at neutral with a 200p target. WPP: Jefferies downgrades to hold with a 1850p target. Wolseley: Exane BNP Paribas keeps at underperfor
Read moreWednesday broker round-up
21st Sep 2016 10:57
(ShareCast News) - Barclays: HSBC upgrades to buy with a target price of 190p. Reckitt Benckiser: UBS keeps at buy, 8000p target. Go-Ahead: Deutsche Bank keeps at buy with a 2330p target. Kingfisher: HSBC reiterates hold with a 365p target. BHP Billition: Barclays keeps at equal-weight with a 990
Read moreNewspaper round-up: BoJ, RBS, BHP Billiton, Hinkley contract bonanza
21st Sep 2016 07:58
(ShareCast News) - The Bank of Japan has launched an unprecedented new kind of monetary easing as it set a cap on 10-year bond yields and vowed to overshoot its 2 per cent inflation target on purpose. Its decision demonstrates that even eight years after the global financial crisis, central bankers
Read moreNewspaper round-up: BoJ, RBS, BHP Billiton, Hinkley contract bonanza
21st Sep 2016 07:58
(ShareCast News) - The Bank of Japan has launched an unprecedented new kind of monetary easing as it set a cap on 10-year bond yields and vowed to overshoot its 2 per cent inflation target on purpose. Its decision demonstrates that even eight years after the global financial crisis, central bankers
Read moreKingfisher hammers half-year profits higher
20th Sep 2016 07:03
(ShareCast News) - B&Q and Screwfix owner Kingfisher nailed an encouraging increase in first half profits and confirmed early progress in chief executive Véronique Laury's ambitious turnaround project. On adjusted sales that rose 6.8% at the reported level to £5.75bn, or 3.3% on a like-for-like (LFL
Read moreTuesday preview: Kingfisher reports first half results amid turnaround
19th Sep 2016 13:42
(ShareCast News) - B&Q and Screwfix owner Kingfisher is expected to reveal that its turnaround plan is working when it reports its first half results on Tuesday. The consensus forecast for pre-tax profit is £430m, compared to £384m the same period a year earlier, excluding around £30 of transformati
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreFriday newspaper share tips: Kingfisher, TRIG
19th Aug 2016 13:39
(ShareCast News) - B&Q and Screwfix owner Kingfisher is a stock to avoid, opines The Times' Tempus column, adding that the outfit's share price looks full enough already. Investors have been jittery about Kingfisher for a while, with the much-heralded shift from DIY sheds to online buying raising so
Read moreKingfisher sales slow in second quarter despite UK improvement
18th Aug 2016 07:08
(ShareCast News) - Sales slowed only slightly in the second quarter for Kingfisher as B&Q and Screwfix grew strongly in the UK and Ireland to offset a decline in France. Chief executive Véronique Laury called the group like-for-like (LFL) sales rise of 3.0% a "solid" sales performance, after the 3.6
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