Third quarter results force Exane to cut Poundland to neutral
8th Jan 2016 10:18
(ShareCast News) - Disastrous trading conditions in November that continued through the third quarter have forced Exane BNP Paribas to cut the Poundland's rating from 'outperform' to 'neutral', and dropping its target price 26% to 200p. The discount retailer, including the newly acquired 99p Stores,
Read moreFTSE 250 movers: Worsening conditions sees Poundland pounded
7th Jan 2016 14:47
(ShareCast News) - Stocks on the FTSE 250 plunged on Thursday, before recovering somewhat by the afternoon. The second-tier market was down 278.91 points (1.63%) to 16,780.07 by mid-afternoon. Poundland was the market's biggest victim after it said that disastrous trading conditions in November con
Read moreExpanded Poundland reveals big lift in sales
7th Jan 2016 07:24
(ShareCast News) - Poundland was doing its level best to impress the market with its sales figures this week, following its disastrous interim results in November, when its share price fell off a cliff. The single price-point retailer updated the market on its third quarter trading on Thursday, citi
Read moreNewspaper share tips: ITV sale rumours not worth much
22nd Dec 2015 13:13
(ShareCast News) - The Financial Times was looking at swirling rumours around the UK's biggest commercial broadcaster, while the Telegraph was looking back on its mistakes this week. FT's Lex column looked to television on Tuesday, amid the circulating rumours that oft-maligned US media giant Comcas
Read moreMonday broker round-up
16th Nov 2015 08:56
(ShareCast News) - Halfords Group: Berenberg Bank upgrades to hold, reduces target price to 375.00p. Restaurant Group: Nomura upgrades to neutral, cuts target price to 635.00p. Poundland Group: Peel Hunt Limited initiates new coverage with a buy, sets target price at 400.00p. Diploma: Peel Hunt Li
Read moreInvestec cautious about Poundland's longer-term growth
19th Oct 2015 11:43
(ShareCast News) - Broker Investec has initiated coverage on Poundland with a 'hold' recommendation and a 300p price target, saying it sees "better opportunities elsewhere with less risk". The integration of the 99p Stores acquisition is expected to add 69% to full year pre-tax profit over the next
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreThursday newspaper round-up: Twitter, Poundland, China
8th Oct 2015 07:37
(ShareCast News) - Saudi Arabia's richest man has become the second-largest investor in Twitter after he amassed shares worth a billion dollars. Prince Alwaleed bin Talal, a nephew of King Salman, and Kingdom Holding, his investment vehicle, said yesterday that their combined stake in the microblogg
Read moreFriday newspaper share tips: Pick up Poundland but tell Thomas Cook to fly away
25th Sep 2015 11:05
(ShareCast News) - They may cost you a bit more than a pound a piece, but The Times' Tempus is recommending traders should buy Poundland shares long term. Yesterday, the low-cost supermarket issued its plan to raise cash for the acquisition of 99p Stores, while hiding in the same statement news of a
Read moreFTSE 250 movers: Tate & Lyle in a sweet spot, but Poundland tumbles
24th Sep 2015 14:03
(ShareCast News) - London's FTSE 250 index was down 0.8% to 16,522.30 at 1524 BST, in line with the broader market. Tate & Lyle was in a sweet spot after Liberum upgraded the stock to 'buy' from 'sell' and lifted its price target to 670p from 505p. "While history is disappointing - four profit warni
Read morePoundland raises £50m to fund 99p Stores buy; reveals lower profit forecast
24th Sep 2015 08:26
(ShareCast News) - Poundland is raising £50m to finance the purchase of rival retail chain 99p Stores, but warned that first-half profits in the current year would be lower on the back of weaker like-for-like sales and store expansion costs. The financing will come through a new share issue to insti
Read moreLondon pre-open: Stocks to start lower as markets digest Fed move
18th Sep 2015 07:49
(ShareCast News) - Overnight, the US central bank kept rates as many observers - but by no means all - had been expecting but left the door open to an interest rate hike come October, leaving almost everyone in equity markets dissatisfied. That saw Wall Street close on a mixed note in hectic trading
Read moreCMA clears Poundland and 99p Stores merger
18th Sep 2015 07:20
(ShareCast News) - Poundland's merger with 99p Stores is set to go ahead, after being cleared by the Competition and Markets Authority (CMA) on Friday. The merger was announced in February, with the FTSE 205-listed low cost supermarket coughing up £55m for their competitor. The CMA concluded that t
Read morePoundland gets provisional approval for 99p Store acquisition
25th Aug 2015 07:22
(ShareCast News) - London open City sources predict the FTSE 100 will open 56 points higher than Monday's close of 5,898.87. Stocks to watch The UK competition regulator has provisionally given approval for Poundland Group to acquire rival 99p Stores Ltd. The Competition and Markets Authority gave
Read moreLondon pre-open: Europe expected to pare back Monday's losses
25th Aug 2015 07:20
(ShareCast News) - City sources predict the FTSE 100 will open 56 points higher than Monday's close of 5,898.87. Following a volatile US session, Tuesday may see a let up in the wave of selling in recent days, CMC Markets UK chief market analyst Michael Hewson said. "Despite this prospect of furthe
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