Supergroup confident of meeting annual expectations as quarterly sales jump
6th May 2015 08:44
Fashion retailer Supergroup said it was confident to meet its full-year guidance, on the back of an increase in sales in the fourth quarter. In the 15 weeks to 25 April, revenue rose 18.4% year-on-year to £134.8m, while revenue for the full-year climbed 12.5% to £484.7m. FTSE 250-listed Supergroup
Read moreThursday broker round-up
30th Apr 2015 18:01
Schroders: Credit Suisse reiterates outperform and 2,770p target price. Tesco: UBS restarts coverage at buy with 260p target. Pearson: Westhouse Securities reiterates sell and 1,185p target price. RBS: Shore Capital reiterates hold, Numis reiterates add (with 400p target), Investec reiterates hold
Read moreSupergroup top pick for Berenberg as investor concerns swept aside
28th Apr 2015 10:44
Berenberg has chosen Supergroup as its top pick in the retail sector as the SuperDry street fashion label moves from being "a business with significant potential to one which is starting to deliver". With a 'buy' recommendation and a 1,160p price target, a 17% premium to the share price, the German
Read moreFTSE 250 movers: Supergroup soars on RBC upgrade, Lonmin lower after Exane downgrade
27th Apr 2015 13:43
SuperGroup was trading higher as RBC Capital Markets raised its rating on the clothing chain. The broker, which hiked its recommendation to 'outperform' from 'sector perform', also increased its price target to 1,150p on high hopes for the newly appointed management team. Vedanta Resources was boost
Read moreWednesday newspaper round-up: Chinese GDP, Google, HSBC
15th Apr 2015 06:59
Economic growth in China slowed down to just 7% in the first quarter, representing the lowest pace of expansion in six years, according to the Financial Times. This compared with 7.3% growth in the fourth quarter. Europe is set to file formal charges against Google for violating antitrust laws, The
Read moreFTSE 250 movers: Al Noor Hospitals hit by downgrade, energy stocks lower
30th Mar 2015 13:33
Al Noor Hospitals Group led the fallers as Numis Securities cut its rating from 'add' to 'hold', arguing that the consensus for the company's margins is too high. Energy stocks Hunting, Lonmin, Nostrum Oil & Gas and Infinis Energy were in the red as oil prices lost gains made in the wake of politica
Read moreFTSE 250 movers: Homeserve higher on strong winter trading, oil stocks and miners lower
27th Mar 2015 13:13
Homeserve was trading higher after a reassuring trading statement that revealed trading in its busy winter period had been "good" and in line with its full-year targets. Management was also pleased with levels of customer growth across the international businesses, having reported good customer numb
Read moreFTSE 250 movers: Supergroup surges on dividend announcement, energy stocks higher
26th Mar 2015 13:56
Fashion firm Supergroup topped the risers after saying it would begin paying dividends with an interim payout in its 2015-16 financial year. Chief executive Euan Sutherland also revealed a surprise repurchase of it North American rights. Energy stocks were trading higher as oil prices spiked, includ
Read moreLondon pre-open: Stocks to track US and Asian markets lower
26th Mar 2015 07:54
UK stocks are expected to open in negative territory on Thursday morning, tracking declines in the US and Asia overnight. City sources predict the FTSE 100 will open 45 points lower than Wednesday's close of 6,990.97. US markets suffered sharp declines on Wednesday as economic data continued to dis
Read moreSupergroup pledges first dividend in 2016 as part of strategy update
26th Mar 2015 07:03
As well as reiterated recent profit guidance, Supergroup chief executive Euan Sutherland has unveiled a new strategy for the company that includes a first dividend in 2016 and the surprise repurchase of its North American rights. The FTSE 250 company, which is best known for its Japan-inspired Super
Read moreFTSE 250 movers: Retailers and energy stocks surge, ex-dividend insurers lower
19th Mar 2015 13:44
Supergroup made strong gains after Investec said a focus on retail execution and UK profit maximisation was a "major opportunity". The broker reiterated its 'buy' rating, with analyst Kate Calvert adding: "We see material growth opportunities, not only in maximising UK profitability by optimising it
Read moreThursday broker round-up
12th Mar 2015 17:30
Asos: Cannacord Genuity raises target to 3,250p from 2,520p and reiterates hold. Cambian Group: Cannacord Genuity lifts target to 311p from 294p and reiterates buy. BP: JP Morgan raises target to 410p from 400p and reiterates underweight. Royal Dutch Shell: Investec reiterates hold. Supergroup: C
Read moreFTSE 250 movers: Petrofac beats analysts' expectations, AO World and Supergroup drop
25th Feb 2015 14:21
Petrofac topped the risers as profits came in above analysts' expectations, albeit towards the bottom of the company's own guidance. Chief executive Ayman Asfari said the company was well positioned to deal with the oil industry's declining prices, as the group ended the year with a record-breaking
Read moreSupergroup boardroom upheaval continues as CFO replaced
25th Feb 2015 08:00
In four months under the whip of new chief executive Euan Sutherland, Supergroup has parted company with half the executives on the board after chief financial officer Shaun Wills was issued marching orders on Wednesday. Wills' departure, which was branded "bizarre" and a "genuine shock", comes just
Read moreSupergroup surprises as COO squeezed out
12th Feb 2015 12:13
Supergroup has parted company with chief operating officer Susanne Given, with the shock announcement sending the shares lower on Thursday afternoon. Given has departed with immediate effect "to explore other opportunities", less than four months since new chief executive Euan Sutherland took the re
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