Broker tips: Next, Lamprell, Hansteen
29th Mar 2016 13:52
(ShareCast News) - Deutsche Bank upgraded Next to 'buy' from 'hold' but cut the price target to 6,850p from 7,200p following the company's full year results last week. It said the 15% drop in the share price leaves Next on a 7% discount to the sector which seems like an over-reaction. DB said that
Read moreDeutsche Bank upgrades Next to 'buy'
29th Mar 2016 09:05
(ShareCast News) - Deutsche Bank upgraded Next to 'buy' from 'hold' but cut the price target to 6,850p from 7,200p following the company's full year results last week. It said the 15% drop in the share price leaves Next on a 7% discount to the sector which seems like an over-reaction. DB said that
Read moreSunday share tips: Ashmore Group, Next
27th Mar 2016 21:14
(ShareCast News) - Fund manager Schroders recently scooped up more shares in emerging markets-focused fund manager Ashmore Group following a sharp rally in the share price, but there are reasons to remain sceptical, The Sunday Times's Danny Forston said. By 2013, the fund manager had amassed $75bn i
Read moreSector movers: Next knocked off its perch again by slowdown in UK, global growth
24th Mar 2016 15:32
(ShareCast News) - Retailers registered the largest losses on the Footsie after Next cautioned that 2016 might be its toughest year since 2008 and downgraded its revenue guidance. Shares in the Leicester-based outfit plummeted 15.09% to close at 5,655p - falling by 17.0% at one point in the day, the
Read moreFTSE 100 movers: Retail sales, oil prices drag on index
24th Mar 2016 15:24
(ShareCast News) - The FTSE 100 was trading down on Thursday afternoon as investors ended the week early for Good Friday, with poor UK retail sales and falling oil prices dragging the benchmark down. Kingfisher Group was among the top risers, after its stock had its 'buy' rating reaffirmed by equiti
Read moreLondon pre-open: Stocks seen lower as investors eye retail sales data
24th Mar 2016 07:12
(ShareCast News) - London stocks were set to open weaker on Thursday following downbeat cues from the US and Asia, as a stronger dollar hits commodity prices. The FTSE 100 is seen starting 40 points lower than Wednesday's close at 6,159. "The rebound in the US dollar along with a sharp drop in the
Read moreNext warns coming year could be 'toughest since 2008'
24th Mar 2016 07:07
(ShareCast News) - Full year profits from Next were at the upper end of expectations but the clothing retailer warned the year ahead could be the toughest since 2008, with new guidance that includes the possibility that profits could decline as much as 4.5%. Total group sales rose by 3% to £4.1bn as
Read moreThursday preview: Next unveils full year results
23rd Mar 2016 12:25
(ShareCast News) - Fashion retailer Next expects to report an increase in full year pre-tax profit on Thursday. In a pre-close statement in January, the company guided towards annual pre-tax profit between £810m to £824m, marking a 3.6-5.4% rise on the previous year's £782m. At the time, the compan
Read moreSunday newspaper round-up: Rolls-Royce, Whitbread, Britvic, LSE
20th Mar 2016 16:56
(ShareCast News) - Rolls-Royce has put forward detailed proposals to the government to fill some of the UK's power shortage with a fleet of small reactors built around the company's expertise in generating power for Royal Navy submarines. With the escalating costs and timing of the £18bn Hinkley Poi
Read moreBroker tips: Petrofac, Lloyds, Next
25th Feb 2016 15:35
(ShareCast News) - Jefferies upgraded Petrofac to 'buy' from 'hold' and lifted the price target to 855p from 745p. It said the company's 2015 results emphasised the return to Petrofac's original and still core business offering, Onshore E&C, in the Middle East. On Wednesday, the oilfield services p
Read moreBerenberg downgrades Next, expects challenging year for sector
25th Feb 2016 14:39
(ShareCast News) - Berenberg downgraded Next to 'hold' from 'buy' and cut the price target to 7,300 from 7,600p. It reckoned 2016 will be a challenging year for UK retailers with increased competition bringing potential pressure on margins. It said while Next remains the multi-channel leader and th
Read moreFTSE 100 movers: Miners drive market down, led by Antofagasta
9th Feb 2016 14:04
(ShareCast News) - The FTSE 100 sank further on Tuesday, with the blue-chip market down 75.98 points (1.34%) to 5,613.38 by mid-afternoon. Antofagasta led the fallers after Goldman Sachs downgraded the stock to 'sell' from 'neutral' and slashed the price target to 250p from 440p on the back of lower
Read moreAsos has the force as Exane warns of European on-line 'clothing wars'
21st Jan 2016 08:24
(ShareCast News) - Exane painted a doom-laden picture for traditional European clothing retailers in the next few years, as Amazon stands on the cusp of becoming a top-10 clothing retailer in the US with Europe next in its sights. With a nod to George Lucas' interstellar series, Exane entitled its n
Read moreFTSE 100 movers: Miners drive down blue chip market
6th Jan 2016 14:59
(ShareCast News) - The FTSE 100 had dropped 86.42 points (1.41%) by mid-afternoon Wednesday, down to 6,050.82 points. Miners were again on the list of risers and fallers for a second day in a row, but this time on the negative side. Anglo American, BHP Billiton, Rio Tinto, Glencore and Antofagasta a
Read moreWednesday newspaper share tips: A good opportunity to snap up Next
6th Jan 2016 10:27
(ShareCast News) - Despite a worrying set of Christmas trading results from Next on Tuesday, The Times' Tempus is recommending traders 'buy long term'. In its much anticipated post-Christmas trading update, Next revealed sales were below expectations but said profits were within the range of guidanc
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