Thursday preview: Bernanke addresses Senate Banking Committee
17th Jul 2013 13:39
Federal Reserve Chairman Ben Bernanke will on Thursday testify in front of the Senate Banking Committee, a day after addressing the House Financial Services Committee. His monetary policy report to the US Congress this week is likely to be his last as he is expected to step down in January. In hi
Read moreSunday share tips: Mothercare, G4S, Eckoh
14th Jul 2013 12:06
At Mothercare´s annual meeting - this Thursday - new Chief Executive Simon Calver is expected to deliver a progress report on his planned three-year turnaround. Critically, given that the outcome for the full-year is forecast to be a drop of 2.5 per cent in like-for-like sales, it would be surprisin
Read moreBroker tips: Aberdeen, Prudential, Mothercare
12th Jul 2013 12:00
The recent share price fall at Aberdeen Asset Management over the past month has been overdone, according to UBS, which reiterated its 'buy' rating for the stock on Friday. "The market is pricing in outflows in emerging market (EM) equities; while we expect these to have slowed, we note that Aberde
Read moreBroker snap: Panmure upgrades Mothercare on online potential
12th Jul 2013 11:24
Panmure Gordon has upgraded its rating for Mothercare from 'sell' to 'hold' ahead of its first-quarter trading update next week which should benefit from soft comparatives with last year. The broker said that one the key reasons behind it's previous 'sell' rating was the company's weakness online,
Read moreFriday broker round-up UPDATE
12th Jul 2013 08:11
Ashmore Group: Morgan Stanley cuts target price from 444p to 420p and leaves its equal-weight rating unchanged. JP Morgan ups target price from 339p to 377p maintaining a neutral rating. AstraZeneca: Jefferies reduces target price from 3560p to 3400p, while keeping its hold recommendation. Aviva:
Read moreMonday broker round-up UPDATE
3rd Jun 2013 07:22
Anglo Pacific Group: Finncap cuts target price from 320p to 279p staying with its buy recommendation. Ashtead Group: Citi takes target price from 660p to 750p and maintains a buy recommendation. Centrica: Berenberg ups target price from 370p to 380p keeping a hold recommendation. Coal of Afica: I
Read moreThursday broker round-up UPDATE
23rd May 2013 08:35
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation. ARM Holdings: Exane downgrades to neutral with a target price of 1000p. Aveva: Panmure Gordon raises target price from 1900p to 2076p and retains a hold recommendation. Canaccord Genuity increases target p
Read moreTuesday broker round-up UPDATE
14th May 2013 08:04
Babcock International: Jefferies increases target price from 1080p to 1250p and maintains a buy recommendation. Barratt Developments: Bank of America takes target price from 265p to 325p, while downgrading to neutral. Belgravium Technologies: WH Ireland places both its target price and its neutral
Read moreBroker snap: Mothercare 'still too expensive' despite LFL beat
11th Apr 2013 13:58
The market may have reacted well to Mothercare's pre-close trading update on Thursday, but Panmure Gordon kept its 'sell' recommendation for the stock, saying that the shares are 'still too expensive'. The Mothercare group, comprised principally of the two retail brands Mothercare and Early Learnin
Read moreMothercare sales down but recovery going to plan
11th Apr 2013 07:44
Infants retailer Mothercare closed 56 loss-making stores in the year to end-March as chief executive Simon Calver's recovery plan builds steam. Total group sales fell 6.0% in the 52 weeks to March 31st, with a 15% rise in international sales at constant currencies not enough to counterbalance a 9.0
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreMothercare new CFO to start in March
11th Feb 2013 08:36
Mother and baby products retailer Mothercare confirmed that Chief Financial Officer Matt Smith, whose appointment was announced in November, will be joining the company at the end of March. Matt has spent ten years as Finance Director at Argos, part of Home Retail Group. Prior to that, he worked at
Read moreThursday newspaper round-up: Barclays, Shell, Great Western...
31st Jan 2013 06:55
The man responsible for setting boardroom pay at Barclays was hammered by MPs and peers yesterday and warned not to pay a one million-pound bonus to the new chief executive. Sir John Sunderland, one of Britain's most eminent industrialists and a for- mer CBI president, was hit by a barrage of hostil
Read moreMothercare Australia goes into administration
30th Jan 2013 08:01
Mothercare, the mother, baby and toddler products retailer, today confirmed Mothercare Australia has been placed into administration after takeover talks with Australian department store giant Myer fell through. "Following the deterioration of trading conditions in Australia, as announced in Novemb
Read moreSierra Rutile Chairman tops up stake
25th Jan 2013 16:31
Jan Castro, the non-Executive Chairman of Sierra Rutile, an AIM-listed producer of titanium feedstock industrial minerals, bought 113,750 ordinary shares just two weeks after the group posted a 39 per cent increase in total rutile production for the year. The shares, which were of no par value, we
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