Mothercare 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
Read moreSunday share tips: IPO bubble, McBride, Lifeline Scientific
6th Apr 2014 11:36
There is a bubble in initial public offerings (IPOs) that will cause awful losses for investors, the Sunday Telegraph's Questor column said. Royal Mail, with its monopoly on mail and parcel delivery and prime London property holdings, was the exception to an IPO boom that has seen companies such as
Read moreMothercare appoints temporary boss
10th Mar 2014 13:53
Baby goods retailer Mothercare has appointed a new temporary boss to take over from Simon Calver, who quit last month. Mothercare said Mark Newton-Jones, the former Chief Executive of online and home shopping business Shop Direct, would become its interim Chief Executive from March 17th and would s
Read moreOriel Securities says Mothercare may face bid after CEO quits
24th Feb 2014 13:20
Oriel Securities said troubled baby goods retailer Mothercare could face a takeover bid after Chief Executive Simon Calver unexpectedly quit. Mothercare said on Monday that Calver, who joined the business in April 2012, was leaving with a £294,540 pay-off, but no bonus for 2014. The group, which w
Read moreMothercare boss in surprise departure - UPDATE
24th Feb 2014 07:45
The Chief Executive of Mothercare has stepped down less than two years after he joined the troubled baby goods retailer, leaving it searching for a new boss. Simon Calver, who joined the group in April 2012 and launched an overhaul of its struggling UK business, is leaving Mothercare at the end of
Read moreThursday broker round-up UPDATE
30th Jan 2014 09:06
Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan
Read moreSunday newspaper round-up: Supermarkets' property, Lloyds, UBM
26th Jan 2014 16:51
US activist investors are plotting to force Tesco, Sainsbury's and Morrisons to split off their property holdings, the Sunday Times reported. The plan, led by activist fund Elliott, would require them to put their property holdings into separate companies and to sell minority stakes on the stock exc
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