Thursday newspaper share tips: Poundland and Berkeley Group
16th Jun 2016 18:40
(ShareCast News) - South African retail conglomerate Steinhoff can certainly afford to pony up with the dosh to buy Poundland, but the Financial Times' Lex column ponders the purpose of such a deal. Steinhoff yesterday revealed itself as the mystery suitor for the UK bargain chain, adding that it wa
Read morePoundland unveils results as Steinhoff reveals 23% stake
16th Jun 2016 08:25
(ShareCast News) - Fresh from the previous day's revelation that South African giant Steinhoff was mulling a takeover, discount retailer Poundland posted preliminary results that confirmed a decline in profits and the continuing challenges the sector faces. Steinhoff, the Frankfurt-listed owner of N
Read moreSteinhoff says considering bid for Poundland
15th Jun 2016 09:54
(ShareCast News) - South African-based Steinhoff International confirmed on Wednesday that it is considering a possible offer for the entire issued share capital of London-listed discount retailer Poundland. Steinhoff said the announcement had been made without the consent of Poundland, adding that
Read moreFriday broker round-up
10th Jun 2016 15:10
(ShareCast News) - Poundland: HSBC reiterates hold with a target price of 160p. Glencore: JP Morgan keeps at neutral with a 150p target. Home Retail: HSBC stays at hold with a target price of 165p. Booker: HSBC keeps at buy with a target of 230p. Safestore: Berenberg stays at buy with a target pr
Read morePoundland slumps to new low after HSBC downgrade
15th Apr 2016 08:37
(ShareCast News) - HSBC downgraded Poundland to 'hold' from 'buy' and slashed its target price to 160p from 290p after disappointingly slow growth in core trading with no recovery expected until the second half of 2017. In a trading update on Thursday the discount retailer said it was on track to me
Read morePoundland on track for full year despite tough second half
14th Apr 2016 08:31
(ShareCast News) - Poundland said it was on track to meet full year profit expectations despite a difficult second half. In a trading update, the discount retailer said like-for-like sales fell 4.9% in the second half of the year. Total sales in the fourth quarter were up 29.8%, thanks in part to t
Read moreLiberum initiates coverage of M&S, Dixons Carphone and Poundland
13th Apr 2016 15:24
(ShareCast News) - Liberum initiated coverage of seven consumer discretionary stocks on Wednesday, including Marks & Spencer, Dixons Carphone and Poundland. The brokerage highlighted a preference for companies with structural growth and margin upside supported by self-help. "Balance sheet strength
Read moreWednesday broker round-up
30th Mar 2016 14:53
(ShareCast News) - Inmarsat: Berenberg upgrades to hold with a target price of 890p. Next: Investec downgrades to sell, 5250p target, Jefferies reiterates hold with a target price of 5100p, JP Morgan stays at neutral with a target of 6370p and HSBC keeps at hold, 6260p target. Glaxosmithkline: Citi
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
8th Mar 2016 14:42
(ShareCast News) - South32: HBSC upgrades to buy with a target price of 85p. Capital & Counties Properties: Exane BNP Paribas downgrades to underperform. 348P target. Admiral Group: Nomura upgrades to buy with a target price of 2325p. Millennium & Copthorne Hotels: Berenberg downgrades to sell wit
Read moreDirector dealings: Poundland's new CEO buys in as company kicked out of 250
3rd Mar 2016 16:29
(ShareCast News) - The day after his appointment as new chief executive of Poundland, Kevin O'Byrne bought shares costing the equivalent of 547,781 Charlie Dimmock-branded wooden-handled trowels, or 547,781 Messy Mutts small microfibre towel, or 547,781 tubs of Lyles Golden Syrup in the single-price
Read morePoundland CEO to be replaced by ex Dixons FD O'Byrne
2nd Mar 2016 08:22
(ShareCast News) - Poundland have announced former Dixons and Kingfisher finance director Kevin O'Byrne will replace chief executive Jim McCarthy when he retires in July. Having mooted his intentions to the board last year, McCarthy confirmed he will retire at the age of 60, after 10 years in the jo
Read moreFTSE 250 movers: Redrow falls despite rise in profits
9th Feb 2016 14:47
(ShareCast News) - The FTSE 250 continued to slide on Tuesday, with the second tier market down 140.79 points (0.91%) to 15,357.20 by mid-afternoon. Redrow was near the top of the fallers list despite posting a rise in first half pre-tax profit as revenue and completions grew. In the six months to
Read moreFTSE 250 movers: Poor start to week as analyst note drives Wood Group down
8th Feb 2016 14:10
(ShareCast News) - It was a poor start to the week for the FTSE 250, with the second tier market down 313.83 points (1.96%) to 15,688.45 by mid-afternoon on Monday. Wood Group was one of the market's biggest fallers, as Goldman Sachs downgraded the company from 'neutral' to 'sell' and cut its target
Read moreFriday newspaper share tips: Shoppers avoid Poundland, investors advised to do the same
8th Jan 2016 11:05
(ShareCast News) - The lack of retail foot traffic has hit Poundland shares, and The Times' Tempus doesn't think it's worth jumping in and snapping up a discount. The retailer, including the newly acquired 99p Stores, said on Thursday it experienced strong sales growth across its operations for the
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