Friday 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
Read moreWednesday newspaper round-up: Pearson, Bank of England, Tesco
7th Nov 2012 07:16
Pearson, the FTSE 100 media group, is planning to explore a sale of the financial daily newspaper within months, Bloomberg reported, so that the company can focus on its fast-growing education division. Dame Majorie Scardino, the chief executive of Pearson, once said famously that the FT would be so
Read moreMonday broker round-up - UPDATE
22nd Oct 2012 08:19
888 Holdings: Morgan Stanley ups target from 125p to 130p, overweight rating kept. Aggreko: Jefferies cuts target from 2,800p to 2,535p, buy rating kept; HSBC downgrades to underweight, target cut from 2,350p to 1,750p; JPMorgan Cazenove cuts target from 2,360p to 2,165p, neutral rating kept; Barcl
Read moreBroker tips: Go-Ahead, Booker, Mothercare
18th Oct 2012 11:13
Jefferies has maintained its 'hold' rating and 1,220p target price for transport group Go-Ahead, saying that while the new target for bus profits should be well-received, there is still some uncertainty surrounding rail franchises. Go-Ahead said that bus operating profit should grow to £100m by 201
Read moreBroker snap: Mothercare still a 'sell' despite Q2 beat, says Seymour Pierce
18th Oct 2012 09:59
Seymour Pierce has retained its 'sell' recommendation for baby and mother products retailer Mothercare despite the group's well-received second quarter trading update on Thursday. Overall, Seymour Pierce admits that the trading for the 27 weeks to October 13th has been better than expected in the U
Read moreThursday broker round-up - UPDATE
18th Oct 2012 09:24
Ashtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t
Read moreMothercare UK sales return to growth
18th Oct 2012 07:38
Mothercare, the mother, baby and toddler products retailer, said UK like-for-like (LFL) sales have returned to underlying growth while international progress slowed a touch. UK LFL sales rose 0.3% for the 13 weeks to October 13th compared to a 3.4% decline in the first quarter. Total UK sales fell
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