Majestic Wine Christmas update leads to forecast downgrades
7th Jan 2015 09:58
There was no champagne-popping Christmas celebrations for Majestic Wine, as a disappointing update saw sales less than half last year's. Despite the wine retailer giving up a small portion of profit margin in order to increase promotional activty, total UK store sales for the 10 weeks to 5 January 2
Read moreLondon close: Markets gain as ECB money-printing talk cheers traders
17th Nov 2014 16:15
The London market moved higher on Monday as the prospect of a boost for the European economy helped make up for dismal economic news from Japan. The FTSE 100 Index gained 17.6 points to 6671.97 after European Central Bank president Mario Draghi hinted that quantitative easing could be on the cards t
Read moreBroker tips: Salamander, Keller Group, Majestic Wine
17th Nov 2014 13:09
The possible bid from a consortium of investors led by Spain´s CEPSA for oil explorer Salamander would be successful were it to take the form that has been mooted, broker Canaccord Genuity said in a research note e-mailed to clients. On Friday 14 November Salamander said it had received a 121p per s
Read moreMonday broker round-up UPDATE
17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read moreTuesday broker round-up UPDATE
17th Jun 2014 09:45
Aquarius Platinum: UBS cuts target price from 41p to 24p and keeps a neutral rating. BAE Systems: Berenberg initiates with a target price of 455p and a hold recommendation. British Land: Deutsche Bank ups target price from 520p to 580p, but still recommends selling. Capital & Counties: Deutsche B
Read moreBroker tips: Rolls-Royce, Reckitt, Mitchells & Butlers, Majestic
16th Jun 2014 12:45
Societe Generale has cut its recommendation for engine maker Rolls-Royce from 'hold' to 'sell', saying that earnings forecasts are at risk. Ahead of the company's investor briefing in London on Thursday, the bank said: "We expect some concerns over the outlook for 2014 earnings given management gui
Read moreLondon midday: Stocks extend multi-week lows on Iraq fears
16th Jun 2014 11:29
- Stocks inch lower, trading at six-week low - Markets "pause for breath" after sell-off, says analyst - Iraq concerns keep pushing crude prices higher - Smith & Nephew falls on Medtronic-Covidien tie-up techMARK 2,792.67 -0.80% FTSE 100 6,759.65 -0.27% FTSE 250 15,680.35 -0.85% Bargain hunters we
Read moreMajestic's online struggles keep Oriel Securities cautious
16th Jun 2014 10:04
Oriel Securities repeated its 'reduce' rating for Majestic Wine, saying momentum at the wine retailer is negative yet the stock's valuation is still at a premium to the sector. Majestic said on Monday that challenging trading conditions resulted in a 0.1% fall in UK like-for-like sales in the year
Read moreLondon pre-open: Iraq tensions to send FTSE lower early on
16th Jun 2014 07:40
The FTSE 100 looks set to start this week on the back foot as tensions in Iraq continued to escalate over the weekend. London's main index is predicted to open around 12 points lower, tracking losses in Asia overnight and extending its own losses seen on Friday, when it finished the week at 6,777.
Read moreMajestic Wine´s annual sales lose their fizz
16th Jun 2014 07:16
People reined back their spending on drinks early this year after splashing out at Christmas, hitting sales at Majestic Wine, although the retailer still increased its dividend. Majestic said challenging trading conditions resulted in a 0.1% fall in UK like-for-like sales in the year to March 31st,
Read moreMonday broker round-up UPDATE
31st Mar 2014 10:41
African Minerals: Credit Suisse cuts target price from 280p to 200p maintaining a neutral rating. Anglo American: Credit Suisse reduces target price from 1900p to 1800p and retains an outperform rating. ARM Holdings: Barclays takes target price from 1125p to 1200p and reiterates an overweight reco
Read morePressure on Majestic Wine unlikely to ease, says Oriel Securities
20th Mar 2014 14:43
Oriel Securities has maintained its 'reduce' rating and 430p target price on wine retailer Majestic, saying that the company's profit warning on Thursday reflects a tough market. "Majestic Wine's profit warning this morning highlights a market in which competition is increasing and new store roll-o
Read moreMajestic Wine warns on future profits as increases capex
20th Mar 2014 11:10
Weaker than expected sales in recent weeks have prompted retailer Majestic Wine to warn on full year profits. Shares in the AIM-listed group sank 19% to 410p by late in the morning as it cited "challenging" trading conditions since a robust Christmas period and now said it expected like-for-like s
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreAlliance Pharma exec offloads 300,000 shares
20th Jan 2014 15:49
Speciality drugs firm Alliance Pharma announced Monday that Executive Director Anthony Booley's share in the company was reduced by 300,000 shares after his wife Lynette sold a portion of her stake. Booley, who joined the company in 1998, and his wife earned £100,500 from the sale after disposing
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