FTSE 250 movers: IPF surges after dodging fine, property stocks higher
21st Apr 2015 13:46
International Personal Finance (IPF) was boosted as the home-credit group escaped a fine from Poland's consumer protection authority. After an investigation into fee structures, the Polish Office of Consumer Protection and Competition agreed to waive the fine if IPF's Provident Polska implement a ne
Read morePets at Home reports strong annual growth
21st Apr 2015 08:01
Pet food and pet products retailer Pets at Home Group has seen annual like-for-like sales jump 4.2% in its first year since floating on the stock exchange. The FTSE 250 group said strong performance in advanced nutrition, health and hygiene and its VIP Club loyalty scheme drove total revenue up 9.6%
Read morePets at Home unveils £260m credit facility
15th Apr 2015 08:54
Pets at Home Group, a retailer of pet-related products and services, announced on Wednesday a five-year £260m revolving credit facility. The credit line replaces a previous £325m of drawn facilities and is expected to reduce its net financing expense by £2.7m per annum. The difference between the t
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreFTSE 250 movers: Pets at Home jumps after Q1 results
30th Jul 2014 15:55
Like-for-like sales accelerated at retailer Pets at Home in the first quarter, sending the company's shares scampering higher even though the result was against weak figures the prior year. The like-for-like increase of 4.1% was an improvement on the final quarter of the previous year and well ahead
Read moreLondon midday: UK stocks flat ahead of US data, Fed decision
30th Jul 2014 11:42
- Corporate earnings receive mixed market reaction - Barclays, Travis Perkins and Astra rise - Antofagasta, ITV and Compass fall - US data, Fed decision in focus later on techMARK 2,783.73 +0.05% FTSE 100 6,803.99 -0.06% FTSE 250 15,675.20 -0.08% The FTSE 100 was trading broadly flat on Wednesday,
Read morePets at Home like-for-likes scamper higher
30th Jul 2014 11:02
- Q1 LFL sales up 4.1% - VIP Club membership up 20% - 10 new stores opened Like-for-like sales accelerated at retailer Pets at Home in the first quarter, sending the company's shares scampering higher even though the result was against weak figures the prior year. The like-for-like increase of 4.1
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read moreFTSE 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
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