London open: Stocks edge higher ahead of key data
2nd Jul 2014 09:21
- Markets await US data, Yellen speech - Services data, ECB meeting and non-farm payrolls due out Friday - Mothercare jumps after Destination Maternity bid techMARK 2,838.22 +0.20% FTSE 100 6,821.55 +0.27% FTSE 250 15,914.05 +0.46% UK stocks edged higher on Wednesday morning though upside was limi
Read moreMothercare rejects second offer from US suitor Destination Maternity - UPDATE
2nd Jul 2014 08:30
Mothercare has turned down two takeover proposals from US-based Destination Maternity (DM), believing them to "significantly undervalue" its prospects. Nasdaq-listed DM, which claims to be the world's largest designer and retailer of maternity apparel, said its second written proposal on Tuesday w
Read more500 jobs at risk at Mothercare under restructuring plans
18th Jun 2014 06:41
High street baby clothes and products retailer Mothercare could cut as many as 500 jobs, according to reports. Restructuring plans leaked to The Times say that the positions to be axed would be among customer service advisers. The speculation comes after the company reported last month that adjust
Read moreFriday broker round-up UPDATE
23rd May 2014 09:53
Admiral Group: JP Morgan raises target price from 1022p to 1164p, while staying with its underweight rating. Antofagasta: Investec cuts target price from 715p to 690p and leaves its sell recommendation unchanged. Assura Group: Liberum Capital shifts target price from 44p to 47p and stays with its
Read moreBroker tips: Asos, Mothercare, Royal Mail
22nd May 2014 14:00
Despite the slowdown seen in Asos´s sales during the second quarter analysts at Goldman Sachs decided to upgrade the shares to 'buy'. Now the broker calculates that the digital fashion retailer´s three-year forward compound annual growth rate of sales will be at 31%, instead of 38%. That means th
Read moreOriel reiterates 'reduce' on Mothercare amid pricing pressure
22nd May 2014 12:23
Oriel Securities has reiterated its 'reduce' advice on Mothercare, saying the baby product retailer's core UK business may take time to return to profit due to price competition. Mothercare on Thursday reported another fall in annual UK sales, but said they were dropping more slowly than the year b
Read moreMothercare makes more international progress as UK improves
22nd May 2014 07:40
Baby goods retailer Mothercare reported further progress in its international business and said sales at its struggling UK arm were improving. Mothercare said total worldwide network sales rose 0.5% to £1.2bn, with total international sales up 6.4% despite significant currency headwinds. Total UK
Read moreMothercare confirms full-year profit and net debt in line
6th May 2014 10:47
Baby-focused retailer Mothercare put out a statement confirming it retained the support of its banks as underlying profit before tax and net debt remained in line for the full year. The company released the update in response to recent media speculation regarding the need for breathing space in its
Read moreSunday newspaper round-up: AstraZeneca, Barclays, Mothercare
4th May 2014 12:49
Pfizer is preparing to put AstraZeneca in a "bear hug" by stating it will not increase its 63 billion pounds offer without getting a closer look at the UK company's drug prospects, the Sunday Times reported. The US giant will lobby Astra's shareholders to force it to enter talks and will also talk a
Read moreFriday broker round-up UPDATE
11th Apr 2014 08:49
African Barrick Gold: Numis raises target price from 170p to 260p and upgrades from sell to hold. Antofagasta: Numis downgrades from hold to reduce with a target price of 700p. Ashmore Group: Jefferies ups target price from 375p to 400p and keeps a buy recommendation. JP Morgan lowers target price
Read moreHargreaves Lansdown says Mothercare still faces challenges
10th Apr 2014 12:37
Broker Hargreaves Lansdown has called Mothercare a no-go stock for investors despite a bounce-back in UK and international sales. Hargreaves said the City was advising investors to sell Mothercare due to tough competition, currency headwinds and the lack of a chief executive. Mothercare on Thursda
Read moreBroker tips: M&S, BT Group, Mothercare, Oxford Instruments
10th Apr 2014 12:25
In reaction to fourth quarter results from Marks and Spencer, broker N+1 Singer said the lack of visible revenue improvements was continuing to test investor resolve, but that these numbers provided some small encouragement, enough to maintain a 'buy' recommendation. Singer analysts Matthew McEach
Read moreNumis highlights encouraging improvement at Mothercare
10th Apr 2014 09:53
Numis Securities has kept its 'hold' recommendation on Mothercare but highlighted an 'encouraging underlying improvement' at the baby products, clothing and toys retailer. The broker noted an improvement in trading for the company's international divisions, with all regions delivering like-for-like
Read moreMothercare Q4 sales up but currencies weigh
10th Apr 2014 07:30
Baby goods retailer Mothercare reported a modest increase in fourth-quarter sales but said currency volatility had hit its international business. Mothercare said total group sales rose 0.6% in the 12 weeks to March 29th, although they were 2.6% down in the year to the same date. It said its inter
Read moreTuesday broker round-up UPDATE
8th Apr 2014 09:18
API Group: Numis lowers target price from 90p to 84p, while upgrading from add to buy. Cranswick: Investec increases target price from 1315p to 1390p retaining its buy recommendation. Daisy Group: FinnCap moves target price from 175p to 185p and retains a hold recommendation. DP World: Nomura rai
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