Citigroup initiates Pets at Home at 'buy'
12th Sep 2016 09:28
(ShareCast News) - Citigroup initiated coverage of Pets at Home at 'buy' with a 275p price target, given its expectation of the medium-term margin upside opportunity and cash returns. The bank reckons that over the next 10 years, the vet business could generate an incremental £40m earnings before in
Read moreFriday broker round-up
5th Aug 2016 10:09
(ShareCast News) - Pets at Home: HSBC reiterates buy with a target price of 295p. BT: UBS maintains neutral with a 425p target. Aviva: Exane BNP Paribas reiterates underperform with a 400p target. Inmarsat: HSBC stays at hold with a 940p target. Cairn Energy: UBS upgrades to buy with a target pri
Read morePets at Home grows revenue across several divisions
4th Aug 2016 09:07
(ShareCast News) - Specialist retailer of pet products and services Pets at Home Group announced a first quarter trading up for the 16 week period from 1 April to 21 July on Thursday, with group like-for-like revenue growth of 2.7%. The FTSE 250 firm said this was driven by advanced nutrition, omnic
Read moreBroker tips: UK retailers, Petrofac, Whitbread
5th Jul 2016 10:02
(ShareCast News) - Liberum revisited its stance on UK general retailers on Tuesday in light of the more uncertain outlook following the vote to leave the European Union. The brokerage said it was more cautious on the generalists, given their UK exposure and in many cases high exposure to US dollar i
Read moreLiberum downgrades Pets at Home, upgrades Supergroup post Brexit
5th Jul 2016 09:15
(ShareCast News) - Liberum revisited its stance on UK general retailers on Tuesday in light of the more uncertain outlook following the vote to leave the European Union. The brokerage said it was more cautious on the generalists, given their UK exposure and in many cases high exposure to US dollar
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
Read morePets at Home FY profit edges up, dividend lifted
26th May 2016 07:12
(ShareCast News) - Pets at Home reported an increase in pre-tax profit for the year as revenue grew and the company lifted its dividend. For the 53 weeks to the end of March, statutory pre-tax profit edged up to £92.1m from £90.2m on revenue of £793.1m, up from £777.8m. The services division was par
Read moreLondon pre-open: Fedspeak, G7 and rise in oil futures in focus
26th May 2016 06:53
(ShareCast News) - Stocks are set to give back some of the week´s ahead of the a fresh reading on economic growth in the first quarter and against the backdrop of today´s meeting of G7 finance ministers and central bank governors in Sendai, Japan. As of 06:54BST the Footsie was being called to start
Read morePets at Home buys majority stakes in veterinary centres
29th Apr 2016 09:19
(ShareCast News) - Pets at Home has acquired majority stakes in two veterinary referral centres. The pet retailer said on Friday that it has acquired a 76% stake in Cambridge-based Dick White Referrals for a consideration of £14.1m. It will operate the practice as a shared venture model through whic
Read morePets at Home sales accelerate in fourth quarter
21st Apr 2016 08:18
(ShareCast News) - A year-end trading statement from retailer Pets at Home showed like-for-like (LFL) sales growth increased in the fourth quarter, with profits for the full year expected to meet forecasts. Thanks to 3.2% increase in LFL sales in the fourth quarter, the FTSE 250 group reported LFL s
Read moreGraeme Jenkins no longer joining Pets at Home as CFO
11th Apr 2016 14:55
(ShareCast News) - Graeme Jenkins will no longer be joining Pets at Home as chief financial officer. Earlier this month, Pets at Home announced a delay to Jenkins' joining date following media reports of an investigation into supplier payments at department store chain Target Australia, where he was
Read moreSunday newspaper round-up: Interest rates, Tata, Premier Foods, G4S, Centrica
3rd Apr 2016 16:33
(ShareCast News) - The Bank of England will hold interest rates at their current historic low for three more years, according to the market's current predictions. Judging by the overnight deposit rates that banks are charged to hold their cash at the central bank, which indicates market predictions
Read moreIan Kellett to take the helm at Pets at Home
21st Mar 2016 07:31
(ShareCast News) - Pets and Home Group announced the appointment of Ian Kellett as its chief executive officer on Monday, taking the helm from 4 April. The appointment followed the resignation of Nick Wood, who was remaining in an advisory role until 1 July to support Kellett and ensure a smooth tra
Read moreFTSE 250 movers: JD Wetherspoon slumps on profit warning; WH Smith rallies
20th Jan 2016 14:18
(ShareCast News) - London's FTSE 250 index was down 2.3% to 15,741.87 at 1430 GMT, tracking the broader market as worries about Chinese growth and sliding oil prices kept investors on edge. JD Wetherspoon was the worst performer after the pub group said like-for-like sales improved in the first 12 w
Read morePets at Home third quarter sales a touch better than expected
20th Jan 2016 07:52
(ShareCast News) - Pet supplies retailer Pets at Home posted slightly better-than-expected sales for the third quarter, along with a rise in total revenue growth. For the three months to the end of December, like-for-like sales increased 2.2% compared with the same period the previous year and sligh
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