Sunday share tips: Tesco, easyJet, Mulberry
9th Jun 2013 18:06
A company trading at 10.4 times current year earnings - with a prospective yield of 4.4 per cent - is usually not deemed expensive. However, given how elusive growth is proving at Tesco that does not hold true in its case. The simple fact is that over the last two years like-for-like growth has fall
Read moreThursday broker round-up UPDATE
25th Apr 2013 09:07
Barclays: Morgan Stanley lowers target price from 438p to 424p and reiterates an overweight rating. Bellzone Mining: Investec reduces target price from 21p to 5.28p and downgrades to hold. BG Group: Bank of America cuts target price from 1300p to 1250p retaining a neutral rating. Brown (N) Group:
Read moreLow & Bonar CEO and Finance Director trade in shares from LTIP
11th Apr 2013 16:13
Steve Good, the Group Chief Executive of materials group Low & Bonar, has sold a significant portion of the 1.4m shares that recently vested under the company's long-term incentive plan. Of these, he sold 908,676, taking his total stake in the company to 919,098. Mike Holt, the group's Finance Di
Read moreMulberry non-executive opens account
9th Apr 2013 15:50
A Non-Executive Director of high-end designer Mulberry has underlined his support for troubled company with the purchase of 10,000 shares. Steve Grapstein purchased the shares - which mark his only holding in the group - in two equal tranches. The first half were bought for 920p, and the second f
Read moreWednesday broker round-up UPDATE
27th Mar 2013 08:52
Amara Mining: Westhouse Securities lowers target price from 124p to 110p, while reiterating a buy recommendation. Ashtead: Canaccord Genuity ups target price to 170p and keeps a buy recommendation. Bellway: Deutsche Bank revises target price from 1381p to 1395p and reiterates a hold recommendation
Read moreLondon close: Gains erased as Cyprus puts bank levy back on the table
22nd Mar 2013 16:47
Stocks trimmed gains on Friday afternoon on the back of ongoing developments in Cyprus as politicians desperately scramble to come up with a 'Plan B' to raise the funds needed to secure financial assistance from the Troika. Nevertheless, markets maintained their positive bias on hopes that a deal c
Read moreSector movers: Mulberry profit warning takes down Burberry
22nd Mar 2013 14:32
A surprise profit warning from high-end fashion group Mulberry dampened the demand for luxury peer Burberry on Friday, meaning that the personal goods sector was the worst-performing category of the day. Shares in Mulberry, known for its posh handbags, were down 17.41% at 1,020p% in afternoon trade
Read moreLondon midday: Markets cautious on critical day for Cyprus
22nd Mar 2013 11:47
European stocks were making moderate gains on Friday morning but the mood on financial markets was cautious with the focus firmly on Cyprus ahead of pivotal day for the country's future in the Eurozone. According to government spokesman Christos Sylianides this morning, the "next few hours" are key
Read moreFriday broker round-up UPDATE
22nd Mar 2013 08:48
Afren: Nomura shifts target price from 175p to 180p keeping a neutral rating. ASOS: Nomura increases target price from 2000p to 2630p, while reiterating a neutral rating. Betfair: Panmure Gordon takes target price from 761p to 813p and leaves its buy recommendation unchanged. Brewin Dolphin Holdi
Read moreLondon open: Fears of a Cyrpiot default weigh on stocks
22nd Mar 2013 08:29
While the attention had diverted away from Cyprus temporarily over the last few days - owing to the Budget in the UK and the FOMC decision in the States - concerns had returned with a vengeance on Friday morning, causing stocks to slip early on. It seems that talks with Russia to provide additional
Read moreMulberry gives profit warning as tourist spend declines in London
22nd Mar 2013 07:48
British high-end designer Mulberryhas warned that its financial performance this year will come in below forecasts due to weak trading since Christmas, partly as tourists spent less at its flagship stores in London. "Due to weaker-than-anticipated trading post-Christmas, revenues and profit before
Read moreHermes denies reports about Mulberry bid
6th Mar 2013 11:06
French luxury group Hermes has denied having plans to acquire British handbag maker Mulberry, after a press report claimed the group was considering a bid. "Hermes denies having had any contact with or planning to acquire the company Mulberry," Patrick Albaladejo, Deputy Managing Director of Herme
Read moreMonday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
Read moreMulberry picks up after first half wobble
6th Dec 2012 07:50
Luxury fashion group Mulberry said it was encouraged by second half revenue as retail sales blossomed after first half profit was hit by increased operating costs. The leather goods firm, which issued a profit warning in October after a slowdown in sales across Asia and costs related to a reduction
Read moreThursday preview: Standard Chartered offers trading update
5th Dec 2012 15:40
Standard Chartered offers a pre-close trading update on Thursday, with analysts at Credit Suisse noting it recently downgraded the stock to 'Underperform' and that they prefer HSBC in the UK Asian bank space. Credit Suisse estimates the bank will report 7.2% year-on-year revenue growth, with underl
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