FTSE 250 movers: Mixed bag from retailers
14th Oct 2010 14:04
Retail-related stocks are mixed today after updates. Cash and carry group Booker is higher after it posted a sharp rise in interim profits and reported strong turnover so far in the second half. So is WH Smith. The newsagent and bookshop operator posted a strong rise in profits and upped its fina
Read moreLondon midday: Downward drift quickens
14th Oct 2010 11:56
US markets may be expected to open firmer but London is determined to go its own way today, heading lower, despite a buoyant mining sector. Metal prices are back on the rise as the dollar heads in the opposite direction. That is not enough to prevent gold miner African Barrick Gold taking a tumble,
Read moreLondon open: Footsie builds on gains
14th Oct 2010 08:24
London has crept higher following yesterday's gains, with a stream of updates giving investors plenty to ponder. Starting with the bad news, African Barrick Gold has suspended 40% of the mining department at its Buzwagi mine in Tanzania following a fuel theft it suspects was an inside job. The shar
Read moreMothercare sales decline slows
14th Oct 2010 07:34
Mothercare, the baby clothes and children's toy retailer, put in a better performance during the second quarter, narrowing the decline in like for like sales compared with the first three months. UK like for like (LFL) sales dropped 3.2%, or 1.9% including VAT, in the 13 weeks ended 9 October, slig
Read moreMothercare completes stake buy in franchisee
1st Oct 2010 07:04
Mothercare, the retailer focused on the baby and toddlers market, has received approval for its acquisition of a 25% stake in its Australian franchisee. The deal to acquire a quarter of the shares (plus one share) in Headline Group, announced on 16 July, has been approved by the Australian company'
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jul 2010 07:00
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0600 GMT [Dow Jones] Charles Stanley initiates its coverage of Mothercare (MTC.LN), with a hold rating and a 500p price targe
Read moreMARKET TALK: Charles Stanley Starts Mothercare At Hold
23rd Jul 2010 07:00
0600 GMT [Dow Jones] Charles Stanley initiates its coverage of Mothercare (MTC.LN), with a hold rating and a 500p price target. Says Mothercare has a reputation as one of the best long-term investment stories in the UK general retail sector. However, says the recent increasing uncertainty surroundin
Read moreMARKET TALK: RBS Cuts Mothercare Price Target
19th Jul 2010 13:35
1235 GMT [Dow Jones] Royal Bank of Scotland cuts Mothercare (MTC.LN) price target to 465p from 495p. "We believe group operating leverage and forecast risk resides in the UK business, where weakness over 1Q '11 has driven downgrades to our forecasts." Brokerage lowers its FY '11 pretax profit and EP
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
19th Jul 2010 13:35
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1235 GMT [Dow Jones] Royal Bank of Scotland cuts Mothercare (MTC.LN) price target to 465p from 495p. "We believe group ope
Read moreMARKET TALK: Goldman Sachs Cuts Mothercare Price Target
19th Jul 2010 10:37
0937 GMT [Dow Jones] Goldman Sachs cuts Mothercare (MTC.LN) price target to 697p from 723p. The brokerage cuts its FY '11 revenue forecast by 2.2% to GBP802M, reflecting a tougher outlook for the UK store and Direct channels. Goldman still thinks the store restructuring, growth of new channels and
Read moreUK SMALLCAP ROUNDUP: KCOM Reaches Pension Deal With Trustees
16th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps KCOM GROUP PLC (KCOM.LN), a telecommunications firm, said Friday it has agreed to make pension deficit repayments worth GBP21 million over the next three
Read moreUK SMALLCAP ROUNDUP: Vernalis Seeking New Drugs After Setback
16th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps VERNALIS PLC (VER.LN), a drug developer, Friday said it is searching for new drugs to add to its portfolio following the end of one of its most advanced
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
16th Jul 2010 12:18
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1118 GMT [Dow Jones] Execution Noble lowers Mothercare (MTC.LN) to sell from hold, following the company's 1Q trading upda
Read moreMARKET TALK: Execution Noble Cuts Mothercare To Sell From Hold
16th Jul 2010 12:18
1118 GMT [Dow Jones] Execution Noble lowers Mothercare (MTC.LN) to sell from hold, following the company's 1Q trading update. Also reduces target price on the stock to 450p from 550p. Says the company "confirmed our fears on the outlook for the UK." Says that given the high operational gearing of th
Read moreMothercare in talks to buy stake in Aussie franchise
16th Jul 2010 09:34
Mother and baby retailer Mothercare is in talks to buy a 25% stake in Headline, which operates the Mothercare and Early Learning Centre franchises in Australia and New Zealand. The investment would be made by way of convertible loan notes with a value of A$12.2m, which will convert to shares in
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