Tuesday broker round-up
14th Jan 2014 08:02
AMEC: Nomura ups target price from 1230p to 1280p and retains a buy recommendation. Amerisur Resources: Investec shifts target price from 73p to 75p and keeps a buy recommendation. AVEVA: Investec increases target price from 2500p to 2900p upgrading from hold to buy. BHP Billiton: JP Morgan raise
Read moreMoss Bros confident for full-year as party season kicks in
12th Dec 2013 08:00
- Confident of meeting full-year targets - Sales boosted by non-wedding hire - Strong second-half as it moves into party season Formal wear specialist Moss Bros said it has continued to trade well and is confident of delivering anticipated full-year growth as sales in its hire division stabilise.
Read moreMoss Bros posts flat half-year profit
26th Sep 2013 07:51
UK menswear company Moss Bros said half year profit was unchanged after a strong retail performance was weighed down by weak hire sales, and expects the full year outcome to be in line with market expectation. For continuing operations pre-tax profit remained at £2.2m and operating profit climbed 5
Read moreFriday broker round-up UPDATE
5th Jul 2013 08:09
African Barrick Gold: Nomura lowers target price from 200p to 155p, while upgrading from reduce to buy. Barclays: Bank of America reduces target price from 410p to 370p, while leaving its buy recommendation unchanged. BHP Billiton: Investec ups target price from 1919p to 1926p maintaining a buy re
Read moreTrading picks up at Moss Bros
5th Jun 2013 07:27
UK menswear company Moss Bros said its overall performance continues to improve on the previous year, despite a tough start, and is trading in line with market expectations. Total sales for the continuing business for the first 18 weeks picked up after a slow start to the half, and were 0.6% up o
Read moreMoss Bros sales driven by online and formalwear hire
22nd Mar 2013 08:42
UK menswear company Moss Bros Group on Friday said improved sales and tight control over costs pushed earnings higher in 2012. Pre-tax profits before exceptional items came to £3.0m, an increase of £2.1m on the prior year. Earnings before interest, tax, depreciation and amortisation (EBITDA) jump
Read moreTuesday broker round-up UPDATE
15th Jan 2013 07:17
African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum
Read moreMoss Bros expects to beat annual forecasts
14th Jan 2013 07:36
Formal wear specialist Moss Bros said it now expects to exceed market expectations for the 2012/13 financial year after strong Christmas trading. Like for like sales for the 24 weeks to January 12th 2013 climbed 2.7% on the same period last year. Like for like cash gross profit for the period ros
Read moreMoss Bros reports 'some recovery' in second half gross margins
14th Dec 2012 10:32
Formal wear specialist Moss Bros Group continued to trade well in its latest reporting period and saw margins recover a bit, according to the interim management statement released on Friday morning by the company. The group reported that it had "continued to trade well" throughout the 19-week peri
Read moreOlympics hamper Moss Bros sales progress
20th Sep 2012 08:30
Formal menswear specialist Moss Brothers said pre-tax profit rose a touch after solid trading across both hire and retail in the first six months of the year. The retailer lifted like-for-like (LFL) sales by 5.7 per cent, a slower rate than the first half, in what it described as a "positive perfo
Read moreRed no longer the new black at Moss Bros
29th Mar 2012 17:35
Moss Bros, the go-to store for top hat and tails hire, returned to the black last year, ahead of management's expectations. Profit before tax from continuing operations in the 52 weeks to January 28th, 2012 was £0.9m, ahead of market expectations of a profit of £0.5m, and a turnaround from the unde
Read moreThursday preview: IMPs, Moss Bros
28th Mar 2012 19:05
Imperial Tobacco may well have something to say in its trading statement about the swingeing increase in duty on cigarettes announced in the recent Budget which is threatening to put a packet of 20 fags out of the price range of even the most determined teen-aged smoking addict. A spokesman for th
Read moreLondon open: Footsie nudges higher, Old Mutual rockets
15th Dec 2011 08:25
The Footsie opened moderately higher on Thursday morning, as the market attempts to claw back from yesterday's 2.25% sell-off. In economic news, the HSBC "flash" purchasing managers' index for the Chinese manufacturing sector rose to 49.0 in December from 47.7 the month before, according to the la
Read moreMoss Bros in good shape
15th Dec 2011 07:53
Menswear firm Moss Bros said like for like sales for the first 19 weeks of the second half rose 10.5% on last year and it remains confident in the outlook for the full year. Like for like sales for the 45 weeks to 10 December increased 13.4% from the same period in 2010. Total sales for the 45 wee
Read moreThursday preview: Sports Direct, Moss Bros, UK retail sales
14th Dec 2011 17:08
Retailers will be in focus on Thursday, with retail sales data for November due out at 9:30, and at least two High Street chains set to report. High street sports retailer Sports Direct will reveal its interim results. Revenues are expected to have held up well despite the cautious consumer environ
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