FTSE 250 movers: AO World shares extend drop despite solid Q1
17th Jul 2014 15:27
AO World shares dropped on Thursday after the kitchen appliances retailer despite a seemingly strong first-quarter update with like-for-like sales up 30% as analysts cited concerns about the company launch in Germany later this year. Retail Analyst Nick Bubb said that the expansion into German is
Read moreFTSE 250 movers: Retailers mostly higher as UK unemployment falls
16th Jul 2014 15:12
A number of retailers including Debenhams, N Brown, AO World and Home Retail were on the rise today as investors welcomed the latest UK economic data which showed a drop in unemployment. The UK jobless rate declined from 6.6% to 6.5% in the three months to May, the lowest since 2008, though wage gro
Read moreFTSE 250 movers: Evraz soars on latest rumours
7th Jul 2014 15:45
Evraz shares extended Friday's gains, today lifted by rumours Mechel, a Russian miner, is planning to merge its assets with the steel giant. At the end of last week the group was lifted by rumours it was looking to offload a stake in its North American assets in an effort to cut debt. Balfour Beat
Read moreSector movers: M&S caution, rate-hike speculation dampen retail stocks
7th Jul 2014 14:55
General retail stocks were under the weather on Monday as investors showed nervousness ahead of results from High Street bellwether Marks & Spencer and reacted to rate-hike speculation. Shares in M&S were down 1% this afternoon before its fiscal first-quarter update due out Tuesday morning which wi
Read moreBroker tips: Tullow Oil, Saga, Pets at Home
3rd Jul 2014 12:13
Tullow Oil "now offers substantial long-term value", according to Westhouse Securities, which repeated its 'add' recommendation for the stock. "Tullow is now less an exploration-led E&P stock and more a diversified portfolio of substantial assets which are capable of delivering significant growth i
Read morePets at Home becoming "very over-spaced", says Morgan Stanley
3rd Jul 2014 09:30
Morgan Stanley has started coverage of Pets at Home with an 'underweight' rating, highlighting concerns that the business is "becoming very over-spaced". "We think that Pets at Home is a solid business. Its record over the last circa 15 years is very impressive, reflecting, we believe, both an attr
Read morePets at Home unveils higher FY profit but cautions on outlook
12th Jun 2014 09:33
Newly listed pet shop chain Pets at Home unveiled higher annual profit and revenue, but cautioned that weak consumer incomes could hold back business. Pets at Home, which floated on the market in March at a price per share of 245p, said it made underlying pre-tax earnings before interest, depreciat
Read moreGoldman expects strong growth for Pets at Home
22nd Apr 2014 11:22
Goldman Sachs has initiated coverage of Pets at Home (PAH) with a 'buy' rating, saying that it expects the company to grow sales and profit strongly over the next three years. The US bank has set a 12-month target price for the stock at 242p, which implies 16% potential upside from current prices.
Read moreCard Factory to float on UK stock market
22nd Apr 2014 08:07
British greeting card retailer Card Factory is to join the growing list of companies floating on the stock market. Card Factory, which started life in 1997 with one shop and now has more than 700 stores nationwide, said it expected to raise about £90m to pay debt from the offer to certain instituti
Read moreTuesday broker round-up UPDATE
22nd Apr 2014 07:39
ARM Holdings: Goldman Sachs cuts target price from 1500p to 1450p and keeps a buy recommendation. Ashtead Group: Investec increases target price from 800p to 1100p and keeps a buy recommendation. Babcock International: Investec cuts target price from 1385p to 1377p, while upgrading to buy. Beazle
Read moreTuesday newspaper round-up: Lloyds, Pets at Home, Marks&Spencer
25th Mar 2014 06:36
Lloyds is about to sail into another storm of criticism over alleged financial misconduct. BBC Radio 4 will today claim that its investigation shows the lender has been providing "alternative redress" to more than one in four claimants of payment protection inusrance (PPI). By assuming that customer
Read moreLondon midday: Stocks near one-month low on China, Ukraine fears
12th Mar 2014 12:00
- Chinese concerns hammer copper prices - Ex-div stocks falls - Prudential gains, G4S slumps - Poundland, Pets at Home in focus techMARK 2,825.81 -0.90% FTSE 100 6,629.89 -0.83% FTSE 250 16,372.49 -0.66% Fears surrounding a slowdown in China and ongoing concerns about Ukraine weighed heavily on st
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