Tuesday broker round-up
3rd Nov 2015 11:08
(ShareCast News) - Getech Group: WH Ireland downgrades to sector perform, cuts target price to 40.00p. Kingfisher: JP Morgan Cazenove initiates new coverage with an underweight, sets target price at 320.00p. Intercontinental Hotels Group: Nomura reiterates to neutral, cuts target price to 2698.00p.
Read moreWednesday newspaper tips: Kingfisher
16th Sep 2015 18:35
(ShareCast News) - Better late than never. Roughly eleven years after the peak in the "do it yourself" market in the UK, Kingfisher's B&Q has taken the axe to its bloated estate (rival Homebase has called a halt to its expansion as well). The chain has 20% more space than in 2004 yet annual sales ar
Read moreFTSE 100 movers: Weir bounces on Blackrock buying, Kingfisher knocked off perch
15th Sep 2015 15:19
(ShareCast News) - The FTSE 100 eventually reversed its early losses and most of those from the previous day by a diverse array of companies, with the index up 0.7% to 6,129.2 around an hour before the session's close. Weir was lifted to the top of the leader board apparently due to Blackrock callin
Read moreKingfisher interims and outlook disappoint as Laury plans strategic acceleration
15th Sep 2015 07:43
(ShareCast News) - Kingfisher, owner of B&Q, Screwfix and France's Castorama, saw pre-tax profits fall slightly less than feared in the first half of the year, thanks to strong UK growth and encouraging like-for-like sales. A strategic update from chief executive Véronique Laury also included plans
Read moreLondon pre-open: Stocks to start higher ahead of CPI data
15th Sep 2015 07:22
(ShareCast News) - Stocks were being called to start the day higher ahead of a raft of macroeconomic releases, not to mention the outcome of the US Federal Reserve's policy meeting on 17 September - which has kept markets in thrall for several weeks now. Bookmakers were calling the Footsie to start
Read moreExane downgrades Next, upgrades Kingfisher
4th Sep 2015 09:19
(ShareCast News) - Exane BNP Paribas downgraded its stance on Next to 'underperform' from 'neutral' and cut its price target to 7,400p from 7,700p, but upgraded Kingfisher to 'outperform' from 'neutral' and lifted its price target to 420p from 390p as it took a look at the retail sector. As far as N
Read moreWincanton shares up 3.7% on new B&Q distribution deals
4th Aug 2015 11:13
(ShareCast News) - Shares in supply chain specialist Wincanton rose 3.7% to 188p after the company announced a brace of deals with Kingfisher DIY unit B&Q. The company said it had won a new five-year contract to manage all six of B&Q's national distribution centres. It already runs one of the cen
Read moreLondon close: East meets West as Nikkei picks up FT
23rd Jul 2015 17:57
(ShareCast News) - The sale of the FT Group by Japan's Nikkei livened up an otherwise lacklustre day in terms of economic data or news-flow. In an e-mail sent to subscribers Nikkei announced the £837m deal, which analysts saw as a bold bid by the Asian media group to break out of its home market. T
Read moreFTSE 100 movers: Pearson plumped on FT sale, ARM bounces, Aberdeen drops
23rd Jul 2015 15:35
(ShareCast News) - London's blue chip index bumped along just above parity for most of Thursday, as the bid talk for Pearson's iconic Financial Times newspaper and various company results announcements were the prime mover of prices. As of 15:30, the FTSE 100 was trading just 0.06% lower at 6,663.02
Read moreLondon midday: Stocks little changed as Pearson plots FT sale
23rd Jul 2015 12:49
(ShareCast News) - Despite lingering concerns over the situation in China and Greece corporate chiefs continued to see the current investment climate as favourable for deal-making. That was all too patent on Thursday morning as Pearson confirmed it was in advanced talks to sell the FT Group. As of
Read moreLondon open: Stocks edge higher after Greece approves reforms
23rd Jul 2015 09:42
(ShareCast News) - With inflation set to remain below its target for longer than expected and as the Greek crisis rolls on Barclays now thinks the European Central Bank will be forced to extend its programme of bond buying beyond the expected end date of September 2016. As of 0828 BST, the FTSE 100
Read moreKingfisher nails rise in second-quarter sales
23rd Jul 2015 08:10
(ShareCast News) - Kingfisher, which owns B&Q, said it delivered a solid second-quarter sales performance to date across all its major businesses, albeit against softer comparatives than in the first quarter. In its pre-close update for the 10 weeks to 11 July, the company posted a 4.8% rise in tota
Read moreFriday broker round-up
26th Jun 2015 10:11
ARM Holdings: Bernstein downgrades to underperform. GlaxoSmithKline: Liberum ups view to hold from sell. HSBC initiates coverage at buy with 1,700p target. AztraZeneca: HSBC initiates coverage at hold with 4,640p target. Qinetiq: UBS downgrades to sell from neutral. Meggitt: UBS raises view to ne
Read moreBroker tips: BP, Hikma, Kingfisher, Berkeley Group, PZ Cussons
19th Jun 2015 11:32
RBC Capital Markets downgraded BP to' sector perform' from 'outperform' and kept the price target at 500p, following the stock's significant outperformance versus its closest peer Royal Dutch Shell. "We continue to see potential upside to BP's cost reduction potential, but feel the risk reward oppor
Read moreMorgan Stanley downgrades Kingfisher, upgrades Poundland
19th Jun 2015 09:16
Morgan Stanley downgraded Kingfisher to 'underweight' from 'equalweight', but raised the price target to 310p from 300p. The bank noted that since it upgraded the stock in December, Kingfisher has exited China at a price below asset value, seen its proposed acquisition of Mr Bricolage fall through a
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