Broker 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
Read moreThursday broker round-up UPDATE
30th Oct 2014 08:36
Afren: Deutsche Bank cuts target price from 130p to 110p retaining its hold recommendation. Antofagasta: JP Morgan lowers target price from 760p to 755p and reiterates a neutral rating. Investec lowers target price from 717p to 704p and keeps a hold recommendation. Balfour Beatty: Jefferies cuts ta
Read moreTuesday broker round-up UPDATE
28th Oct 2014 09:18
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating. African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating. Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation. APR Energy:
Read moreMothercare rights issue takes effect
10th Oct 2014 13:39
Mothercare shares were in the red on Friday after the 79.9m new shares issued as part of its rights issue began trading. The funds raised by the 125p-a-share rights issue, which received overwhelming support from its investors at Thursday's extraordinary general meeting, will be used to enhance its
Read moreFriday broker round-up UPDATE
3rd Oct 2014 09:25
Anite: Investec places its target price (prev.: 90p) under review maintaining a hold recommendation. Avon Rubber: WH Ireland ups target price from 765p to 800p and retains a buy recommendation. Investec ups target price from 700p to 720p upgrading from add to buy. BTG: Panmure Gordon raises target
Read moreMothercare directors dig deep to support rights issue
29th Sep 2014 16:10
Mothercare directors have bought shares following the launch of a rights issue a week earlier. The group, which has seen its shares fall more than 30% in the year-to-date, called on shareholders to back the heavily discounted rights issue and now its board members and senior management have stumped
Read moreMothercare launches £100m rights issue to fund closures and revamp stores
23rd Sep 2014 09:45
British baby goods retailer Mothercare has launched a £100m rights issue in a bid to raise capital to fund more store closures and refurbish some of its outlets. The firm's overseas business remains solid but strong competitions from the likes of Tesco and Amazon has left Mothercare's British busine
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