Mothercare 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
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreMothercare sales decline on weak UK performance
17th Jan 2013 10:53
Baby and maternity retailer Mothercare reported on Thursday a decline in sales following poor performance at UK stores. The group posted a 7.4% drop in total group sales for the 13 weeks ended on January 12th. UK stores were the biggest contributor to the fall with a 12.9% decrease, as recent impr
Read moreBroker snap: Panmure highlights ASOS and Dunelm as top retail picks
2nd Jan 2013 09:12
Panmure Gordon has highlighted ASOS and Dunelm as its 'conviction buys' in the UK retail sector ahead of the critical Christmas reporting season in the next few weeks. General retail was the best-performing FTSE sector in 2012 according to prices at December 27th, the broker said. Panmure said: "A
Read moreWednesday broker round-up UPDATE
12th Dec 2012 07:25
AMEC: Credit Suisse reduces target price from 1300p to 1250p reiterating an outperform rating. Anglo American: Barclays upgrades to equal-weight with a target price of 1970p. Ashtead Group: Barclays raises target price from 352p to 434p and reiterates an overweight rating. ASOS: HSBC raises targe
Read moreWednesday broker round-up UPDATE
28th Nov 2012 07:26
ARM Holdings: Barclays Capital raises target price from 750p to 820p, overweight rating kept. Assura Group: Oriel Securities starts with an add recommendation. Espirito Santo moves target price from 37p to 37.50p, buy recommendation unchanged. Britvic: Deutsche Bank raises target price from 370p t
Read moreSunday share tips: Sirius Minerals, Mothercare, Aviva
25th Nov 2012 18:55
Potash is an agricultural fertiliser and demand is expected to rise over the next 50 years as the global population rises and the amount of arable land shrinks. Sirius Minerals is expected to be loss-making for some time, but is an interesting speculative play on global demand for food. Last week, t
Read moreMothercare narrows losses, UK picks up -UPDATE
22nd Nov 2012 07:41
Mother and baby products retailer Mothercare narrowed first half losses, despite challenging trading conditions, as its UK performance improved and international sales continued to grow. Like-for-like (LFL) sales fell 3.4% in the UK in the 28 weeks to October 13th 2012 compared to a decline of 7% i
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreThursday preview: SABMiller and Mothercare
21st Nov 2012 16:30
Markets are expected to be pretty subdued on Thursday with Wall Street closed for Thanksgiving; here in the UK however, investors will be looking out for first-half results from beverages giant SABMiller and High Street retailer Mothercare. As for SABMiller, the company saw good growth in lager vol
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