Kingfisher squeezes out a little bit extra
22nd Mar 2012 07:18
Do-it-yourself retail leviathan Kingfisher has revealed details of the next phase of its 'Creating the leader' strategic initiative after announcing results a smidgen above market expectations. Sales in the year to January 31st rose 3.6%, or 3.3% on a constant currency basis, to £10,831m from £10,4
Read moreThursday preview: Kingfisher, Next, retail sales
21st Mar 2012 15:34
With the hoo-hah over the Budget behind us, attention reverts to corporate matters, with retailers in focus on Thursday. Do-it-yourself (DIY) retail giant Kingfisher is due to report full year results. Market expectations are for pre-tax profit of £801.9m on sales of £10.8bn. Earnings per share (EP
Read moreFriday broker round-up - UPDATE
16th Mar 2012 10:27
4imprint: Peel Hunt keeps buy rating and 345p target. Aegis: Nomura reiterates buy rating and 210p target; HB Markets upgrades from sell to hold. Antofagasta: Jefferies keeps hold and 1,214p target. Bunzl: Goldman Sachs downgrades from neutral to sell, target lifted from 940p to 988p. Diageo: Je
Read moreWeek Ahead: All eyes on the Chancellor
16th Mar 2012 08:15
Wednesday is the big day next week, when the Chancellor of the Exchequer, George Osborne, unveils details of the Finance Bill, known to the likes of you and me as 'the Budget'. After ratings agency Fitch warned on Thursday that there is a slightly better than evens chance that Britain will lose its
Read moreLondon close: Stocks finish up, China and Eurogroup in focus
12th Mar 2012 16:34
- Stocks jump into the blue late on - China records worse-than-expected trade deficit - Resource stocks fall on Chinese demand concerns London's blue chip index managed to finish the day in positive territory despite swinging between gains and losses for most of the session. Concerns over the globa
Read moreFriday broker round-up -UPDATE
17th Feb 2012 09:09
Ashmore: HSBC downgrades to underperform from neutral. Schroders: Citi downgrades to sell from neutral. Barclays: AlphaValue downgrades to reduce from add and lowers target to 243.9p from 283.4p. Tesco: Nomura reduces target from 500p to 430p, buy rating unchanged. InterContinental Hotels: UBS
Read moreBroker tips: Reed Elsevier, Kingfisher, Ladbrokes
16th Feb 2012 10:54
Nomura has reiterated its buy recommendation and 668p target for business information solutions provider Reed Elsevier, saying that the group's full-year results were "reassuring". The firm said that underlying sales growth was 2% in 2011, 3% excluding biennial cycling, compared with Nomura's 1.1%
Read moreBroker snap: Kingfisher making good progress, says Panmure
16th Feb 2012 10:27
Panmure Gordon has maintained its buy rating and 350p target price for DIY retailer Kingfisher saying that the current valuation looks too low following the group's full-year results. The B&Q owner reported that total sales in the 13 weeks to January 28th were up 2.2% year-on-year, 4% in constant c
Read moreThursday broker round-up
16th Feb 2012 09:36
Anglo American: AlphaValue upgrades to buy from add and raises its price target to 3,331.4p from 3,340.2p; Nomura resumes coverage with neutral rating and 3,300p target. Kingfisher: Panmure Gordon maintains buy rating and 350p target. Reed Elsevier: Peel Hunt keeps hold rating and 556p target; Pan
Read moreLondon open: Stocks weighed down by Greece, Moody's
16th Feb 2012 08:35
- Greek bailout hit by more delays. - Moody's reviews ratings on 114 European financial institutions. - BAE Systems tumbles after results. London's blue chip index sank in early trading on Thursday, with just five stocks on the rise, as the Greek bailout faces fresh delays. Meanwhile, Moody's warn
Read moreLondon pre-open: Greek delays expected to weigh on stocks
16th Feb 2012 07:25
City sources predict the FTSE 100 will open down 42 points from yesterday's close of 5,892 as the Greek bailout deal continues to be hampered by delays. BAE Systems, the FTSE 100 defence contractor, saw headline sales fall by 14% in the 12 months ended December 31st and said that "little sales grow
Read moreKingfisher sees sales strong in France but UK weak
16th Feb 2012 07:12
DIY retailer Kingfisher saw sales growth in all three of its geographic regions in the 13 weeks to January 28th, though, as expected, like-for-like (LFL) sales in the UK and Ireland were lower than the year before. Total sales at the company, which owns the B&Q brand, were up 2.2% year-on-year, or
Read moreThursday preview: Ladbrokes, Kingfisher
15th Feb 2012 17:23
Bookmaker Ladbrokes is set to announce full year results on Thursday and Credit Suisse is betting the firm will report a robust underlying fourth quarter performance. "Machine gross win growth of 20% could more than offset sporting results related margin weakness in Oct and Nov," the Swiss bank sai
Read moreFriday broker round-up -UPDATE
10th Feb 2012 10:27
Ferrexpo: Rennaisance downgrades to hold. ICAP: Goldman Sachs downgrades to neutral from buy. Schroders: Goldman Sachs upgrades to buy from neutral. Next: Deutsche Bank upgrades to buy from hold. National Grid: JP Morgan downgrades to neutral from outperform. Barclays: Nomura maintains buy
Read moreBroker tips: Chemring, Thomas Cook, Retailers
24th Jan 2012 11:40
FinnCap has maintained its hold rating and 480p target price for military equipment maker Chemring following the firm's full-year results which the broker says were accompanied with a "fairly lacklustre outlook statement regarding NATO spending". "The shares have bounced by around 17% over the last
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