Broker tips: Sophos Group, IAG, Next, M&S
24th Jun 2016 15:21
(ShareCast News) - Numis sounded an optimistic note on Sophos Group ahead of the company's Capital Markets Day, pointing to the firm's strong products, a substantial market opportunity and the attractive cash flow yield on offer to back up its arguments. Against that backdrop, it believed the IT sec
Read moreCredit Suisse cuts targets on M&S and Next
24th Jun 2016 13:40
(ShareCast News) - Analysts at Credit Suisse slashed their target prices for Marks&Spencer and Next stock on the back of expectations for lowering economic growth in the UK and weakness in sterling. The Swiss broker said that following the referendum result it now expected British GDP to shrink by 1
Read moreRespite for high street as retail footfall rallies in May, BRC-Springboard shows
13th Jun 2016 10:04
(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B
Read moreA rising (oil) tide lifts all boats
7th Jun 2016 23:47
(ShareCast News) - Gains in shares of London-listed oil majors BP and Royal Dutch Shell, and oil stocks more generally, helped to keep the FTSE 100 and FTSE 350 in the green on Tuesday. Traders welcomed news that Shell had boosted its estimates for the cost savings it expected to reap from its merge
Read moreCMA accuses top model agencies of price fixing
25th May 2016 12:21
(ShareCast News) - The Competition and Markets Authority has accused five modelling agencies of colluding to fix their prices. The competition watchdog said that between April 2013 and March 2015, FM Models, Models 1, Premier, Storm and Viva - used by big name high street and online retailers that c
Read moreRetail sales fall in April as cold hits footwear and fashion, says BRC-KPMG
10th May 2016 10:27
(ShareCast News) - British retail sales in April fell on a like-for-like basis compared to last year, with non-food sales outweighing positive food sales. The monthly Retail Sales Monitor (RSM) from the British Retail Consortium (BRC) and KPMG showed total sales were flat for a second month in a row
Read moreBroker tips: Next, Morrisons
4th May 2016 14:21
(ShareCast News) - Numis reiterated an 'add' rating and target price of 5,750p for Next after the retailer reported its first quarter trading update. Next reported total sales in the three months to 2 May fell 0.2% from a year earlier, while full price sales were 0.9% lower, reflecting colder weathe
Read moreNext shares rise as Numis reiterates 'add' rating
4th May 2016 10:58
(ShareCast News) - Numis reiterated an 'add' rating and target price of 5,750p for Next after the retailer reported its first quarter trading update. Next reported total sales in the three months to 2 May fell 0.2% from a year earlier, while full price sales were 0.9% lower, reflecting colder weathe
Read moreNext widens guidance as sales remain unpredictable
4th May 2016 07:11
(ShareCast News) - Poor but unpredictable sales in the year to date saw high street fashion retailer Next widen it guidance for the year in a trading update on Wednesday. The FTSE 100 firm said total sales from 31 January to 2 May were down 0.2%, with full-price sales down 0.9% - at the lower end of
Read moreBroker tips: Stagecoach, Next, Tullow Oil
28th Apr 2016 12:35
(ShareCast News) - Investec upgraded Stagecoach to 'reduce' from 'sell' saying that while the outlook for the company remains negative in many areas, much of this is already priced into the shares. The brokerage said it has adjusted its sum-of-the-parts valuation, removing Megabus Europe losses from
Read moreGoldman Sachs downgrades Next amid industry headwinds
28th Apr 2016 11:08
(ShareCast News) - Goldman Sachs downgraded retailer Next to 'sell' from 'neutral', slashing the 12-month price target to 5,000p from 6,400p, highlighting limited upside relative to peers. "We expect the structural headwinds that are facing apparel retail from online channel-shift and trading down t
Read moreThursday newspaper share tips: Premier Foods, Next
7th Apr 2016 19:45
(ShareCast News) - Mc.Cormick's swoop for Premier Foods follows the time-honoured tradition by which a company that has successfully restructured is picked up at the bottom, depriving long-suffering shareholders of a reward for their patience, The Times's Tempus said. The food manufacturer narrowly
Read moreJefferies upgrades Next, downgrades M&S as it reviews retailers
30th Mar 2016 07:34
(ShareCast News) - Jefferies reviewed its ratings on London-listed retail stocks as it took a look at UK general retailers. "Retailers are facing many headwinds in 2016/17 and the sector has already lost its PER premium, however, while Brexit and FX are known issues there's a growing unemployment fe
Read moreTuesday broker round-up
29th Mar 2016 16:51
(ShareCast News) - Synthomer: Berenberg downgrades to hold with a target price of 345p. Next: Goldman Sachs downgrades to neutral, 6400p target, Canaccord downgrades to hold with a target price of 6025p, Deutsche Bank reiterates buy with a target of 6850p and Credit Suisse stays at underperform, 560
Read moreTuesday newspaper share tips: Rightmove, Next
29th Mar 2016 14:10
(ShareCast News) - Rightmove shares have jumped nearly twelve-fold since their stockmarket debut in 2006 but are likely to continue trading near record multiples, the Financial Times´s Lex column said. The company would seem to be the exception to the rule that excess profits attract new competitors
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