Early Ramadan carries Mothercare in first quarter
14th Jul 2016 10:43
(ShareCast News) - Parents and young children-focused retailer Mothercare issued a trading update for its first quarter on Thursday, with UK like-for-like sales up 1.2% as the end-of season sale was brought forward by one week to clear stock, following adverse weather in the quarter. The London-list
Read moreMothercare makes progress on returning UK operation to profitability
19th May 2016 11:44
(ShareCast News) - Shares in Mothercare were up more than 4% as it flagged significant progress towards returning its UK operation to profitability. The group booked a full-year underlying pre-tax profit of £19.6 million, up 50.8% from the prior year's profit of £13.9 million. There was no dividend.
Read moreBerenberg downgrades Mothercare on international weakness
15th Apr 2016 08:57
(ShareCast News) - Berenberg downgraded Mothercare to 'sell' from 'hold' and slashed the price target to 130p from 250p following the company's update on Thursday. The bank said the fourth quarter trading statement was downbeat, highlighting a material slowdown in the international division. In the
Read moreMothercare tumbles as it highlights weakness in international business
14th Apr 2016 10:31
(ShareCast News) - Shares in Mothercare tumbled as the retailer highlighted difficulties in its international business. In the 11 week period to 26 March, International retail sales were down 9.7% at constant currency, with sales in actual currency down 10.8%. In the Middle East, consumer sentiment
Read morePeel Hunt upgrades Mothercare to 'buy' despite forex hitting forecast
23rd Mar 2016 11:07
(ShareCast News) - Peel Hunt upgraded its rating on Mothercare to 'buy' from 'hold' and set a target price of 275p that offers more than 45% upside to the shares' last close. The broker acknowledged the irony of Mothercare's UK business crawling back on track to return to profitability next year, co
Read moreMothercare total sales slide but UK gets online boost
14th Jan 2016 10:34
(ShareCast News) - Total group sales at Mothercare fell in the third quarter, as weakness in the international business failed to offset an improving UK performance. The retailer, which caters for parents and young children, said total group sales in the 13-week period to 9 January fell 5.4% year-on
Read moreBroker tips: Pearson, Mothercare, Carillion
23rd Oct 2015 16:55
(ShareCast News) - Exane BNP Paribas downgraded Pearson to ''neutral' from 'outperform' and cut the price target to 1,000p. The bank said its investment case on Pearson was predicated on three main ideas. It argued that cyclical headwinds, especially in US Higher Education, would abate from 2015 on
Read moreFriday broker round-up
23rd Oct 2015 16:41
(ShareCast News) - Aa: Berenberg Bank starts a new coverage with a buy, sets target price at 350.00p. Globaltrans Investment Gdr (reg S): Credit Suisse upgrades to neutral, reduces target price to 4.20p. Connect Group: Berenberg Bank starts a new coverage with a buy, sets target price at 200.00p.
Read moreBerenberg starts Mothercare at 'hold', says risk/reward not compelling
23rd Oct 2015 09:37
(ShareCast News) - Berenberg initiated coverage of Mothercare at 'hold' with a 250p price target. "While we feel that Mothercare does have some potential to improve, we think the risk/reward ratio at current levels is not compelling." Berenberg noted that given the severe weakness in like-for-like
Read moreMothercare posts rise in second-quarter UK sales
22nd Oct 2015 10:15
(ShareCast News) - Childcare retailer Mothercare posted a rise in second-quarter UK sales, although the international business continues to face significant currency headwinds. For the 13-week period to 10 October, UK like-for-like sales were up 6.5% thanks to the company's digital strategy growing
Read moreMothercare's Q1 sales fall on volatile international business and UK store closures
23rd Jul 2015 11:53
(ShareCast News) - Shares in Mothercare fell by nearly 8% after it reported a decline in sales during the first quarter due to a volatile international business. Sales fell 3.5% year-on-year during the first three months to 11 July 2015 as macro headwinds hurt consumer confidence in a number of its
Read moreMothercare impresses as upmarket move yields first UK growth in years
16th Apr 2015 11:54
Shares in Mothercare moved higher after the retailer issued a solid fourth-quarter update, with UK sales returning to quarterly growth for the first time in several years. Against a weather-affected backdrop in the UK, worldwide sales grew 4.1%, with the UK delivering a 1.5% sales increase in the 11
Read moreMothercare margins stabilise as sales crawl higher
15th Jan 2015 09:10
Trading over Christmas was in line with expectation at Mothercare, as the baby products retailer UK profit margins stabilised and international expansion provided solid third-quarter sales growth. As the group continued to reduce the level of promotional activity as it looks to re-establish itself a
Read moreNumis stays positive on Mothercare
20th Nov 2014 14:23
Numis Securities is staying upbeat on Mothercare's prospects after the baby goods retailer said its lacklustre UK business was showing signs of improvement. Mothercare said on Thursday that UK like-for-like sales were up 1.5% against a 1.4% fall last time while the group moved back into the black
Read moreMothercare sees improvement in UK business
20th Nov 2014 08:03
Baby goods retailer Mothercare hailed signs of improvement in its lacklustre UK business as it posted a first-half pre-tax profit of £5.5m compared to last year's loss of £11m. The group said it had made progress towards establishing itself as a full-price retailer in the UK, where it has faced comp
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