SuperGroup Christmas trading lifted by European roll-out
14th Jan 2016 07:50
(ShareCast News) - SuperGroup reported a jump in revenue over the Christmas period thanks in part to the roll-out of the European store programme. For the 11-week period from 25 October to 9 January, retail revenues rose 14.6% to £143.5m. Meanwhile, sales in the 37-week period from 26 April to 9 Ja
Read moreFTSE 250 movers: Strong trading leads Supergroup to top of the pack
16th Dec 2015 15:28
(ShareCast News) - The FTSE 250 was on track to finish the day in the green on Wednesday, up 78.47 points (0.46%) to 17,078.03 by mid-afternoon. Supergroup led the risers after it released its half year report, showing strong trading leading to positive sales growth. The owner of popular faux-Japane
Read moreNew stores help propel SuperGroup's first half
16th Dec 2015 07:45
(ShareCast News) - Strong first half trading from SuperGroup saw positive sales growth in its half-year report on Wednesday. The FTSE 250-listed owner of popular faux-Japanese fashion brand Superdry saw revenue rise 22.3% to £254.7m in the 26 weeks to October 24. Underlying profit before tax was up
Read moreBroker tips: Glencore, SuperGroup, Meggitt
15th Dec 2015 13:59
(ShareCast News) - Glencore got a boost after JPMorgan Cazenove upgraded it to 'overweight' from 'neutral' with an unchanged price target of 160p, as it pitched the stock against rival Anglo American. It pointed out that Glencore and Anglo American provided strategy updates last week. "In our view,
Read moreSuperGroup tumbles as Liberum recommends taking profits
15th Dec 2015 09:18
(ShareCast News) - SuperGroup traded sharply lower after Liberum downgraded the stock to 'hold' from 'buy', noting that the shares are up 85% since it upgraded them last December. "With the stock now trading on 24x 2016 earnings, a 50% premium to its long-term average, we downgrade to hold and advis
Read moreLondon close: Copper prices weigh on Footsie despite dovish MPC
5th Nov 2015 16:36
(ShareCast News) - Equities ended near their worst levels of the day despite a dovish set of minutes from the Bank of England's last Monetary Policy Committee meeting, weighed down by a further drop in commodity prices. Following its meeting, the MPC said there were downside risks to growth
Read moreSuperGroup first half revenue up 22%
5th Nov 2015 08:08
(ShareCast News) - Clothing retailer SuperGroup said sales were up 22.4% in the first half but warned that comparatives throughout the second half are more challenging. Sales in the first half to October 24 rose to £254.9m on the back of positive growth in existing retail and wholesale channels and
Read moreTuesday broker round-up
3rd Nov 2015 11:08
(ShareCast News) - Getech Group: WH Ireland downgrades to sector perform, cuts target price to 40.00p. Kingfisher: JP Morgan Cazenove initiates new coverage with an underweight, sets target price at 320.00p. Intercontinental Hotels Group: Nomura reiterates to neutral, cuts target price to 2698.00p.
Read moreFTSE 250 movers: Premier Farnell blown higher on Raspberry Pi
9th Sep 2015 14:55
(ShareCast News) - The FTSE 250 index rose strongly along with larger benchmark indices, but lost ground as the session wore on. At the close, the mid-cap index was up 0.9% at 17,153.28. Premier Farnell was the highest riser on the second-line index on the day when one of the electronic products it
Read moreFTSE 250 movers: Drax leads charge while Grafton Group takes a hit
9th Jul 2015 16:11
Mid-cap stocks were up slightly on Thursday, by 1.07% at 16:42, with power generator Drax leading the upward charge. The power company put in a solid performance after tumbling to an all-time low on Wednesday after Chancellor of the Exchequer George Osborne announced the government will remove the C
Read moreSupergroup posts small profit rise, makes move into China
9th Jul 2015 07:44
Clothing retailer Supergroup posted a 2% rise in pre-tax profit and said it has signed a joint venture that will allow it to enter the Chinese market. For the year ended 25 April 2015, the owner of the Superdry street fashion label reported underlying pre-tax profit of £63.2m versus £62.0m in 2014,
Read moreSunday newspaper round-up: Energy and financial regulators, Sainsbury's and Supergroup
5th Jul 2015 16:03
The Big Six energy firms are expected to escape demands for a major break-up when the Competition and Markets Authority (CMA) this week announces the results of its lengthy review into competition in the industry. The competition regulator is expected to say that the vertical integration structure u
Read moreSupergroup on verge of deal to sell clothing brand in China, reports say
5th Jul 2015 15:57
Supergroup is said to be close to securing a deal that will take its Superdry clothing brand to China. The company is understood to be holding discussions with a joint venture partner, the Sunday Times reported. Supergroup, which owns nearly 200 stores across Europe, is due to present its latest fu
Read moreBerenberg picks Asos, Next and Supergroup as top UK retail winners
12th Jun 2015 10:17
Berenberg has named Asos, Next and Supergroup as the "long-term winners" among UK fashion retailers, maintaining a 'buy' rating on all three stocks. In a review of the sector, the broker highlighted that competition online for clothing retailers has increased, but stressed that a strong presence on
Read moreFTSE 250 movers: Supergroup soars on full-year confidence, Aveva higher on takeover rumours
6th May 2015 13:25
Supergroup topped the risers after it claimed it was confident to meet its full-year guidance, on the back of an increase in sales in the fourth quarter. The fashion retailer reported a strong performance in its retail division, following "clearance activity" in the previous quarter, while it expect
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