FTSE 250 movers: Miners and oil companies trading higher, Halma hit by downgrade
9th Feb 2015 13:51
Halma took its biggest one day fall since May 2010, as JP Morgan downgraded the stock from 'neutral' to 'underweight'. Man Group was among the fallers despite an increased price objective from analysts at Liberum Capital, from 145p to 213p. Polymetal International and Kaz Minerals were putting in d
Read moreInvestec says Supergroup's valuation "undemanding" given growth potential
14th Jan 2015 10:16
A return to strong positive like-for-like (LFL) sales growth in the third quarter at Supergroup "should be welcomed" by the market, according to Investec which lifted its target price for the fashion retailer on Wednesday. The broker, which lifted its earnings estimates for the firm, upped its targe
Read moreLondon pre-open: Sell-off expected as crude prices fall, World Bank cuts forecasts
14th Jan 2015 07:53
A continued slump in oil prices and concerns about global growth are expected to weigh heavily on UK stock markets on Wednesday. City sources predict the FTSE 100 will open around 70 points lower than Tuesday's close of 6,542.20. Brent crude was down a further 1.7% at $45.80 a barrel ahead of US go
Read moreSupergroup confident after strong Christmas online
14th Jan 2015 07:08
After a tortuous 2014, Supergroup finished the calendar year strongly under new chief executive Euan Sutherland with a Christmas trading period that underpinned its full year profit guidance. Like-for-like (LFL) sales grew by 12.4% in the 11 weeks to 10 January, although against softer comparatives
Read moreFTSE 250 movers: Food retailers take a hit while energy stocks soar
23rd Dec 2014 09:41
Retail stocks were mixed on the day before Christmas Eve. Home Retail Group, N Brown Group and Supergroup were advancing as last-minute shoppers headed online and hit the high street. Shares in Workspace Group were rising after the company agreed a cash payment of £30m to terminate the proceeds sha
Read moreSuperGroup posts 30% drop in profits
11th Dec 2014 08:52
Superdry-owner SuperGroup suffered a 30% drop in pre-tax profits, warning of lower gross margins after unseasonable autumn weather weighed heavily on sales in the six month period ended 25 October. The group said that sales fell 4.1% and pre-tax profits slipped to £12.5m from £17.9m in the same peri
Read moreLondon close: FTSE 100 drops over 1% as oil and mining stocks drop
8th Dec 2014 16:29
Weakness in the oil and gas sectors and poor economic data from across the globe prompted a weak start to the week for the UK stock market, as equities pulled back from a two-week high. With crude prices tumbling to their lowest in over five years, oil producers and stocks in the oil services sector
Read moreFTSE 250 movers: Mining stocks fall as gold and oil prices drop
5th Dec 2014 15:37
Energy and mining stocks were in decline on Friday after a drop in oil prices for January delivery from Saudi Arabia and a fall in gold futures. Enquest was once again among the fallers on Friday amid low oil prices. Acacia Mining, Kaz Minerals, Lonmin Vedanta Resources and Blackrock World Mining Tr
Read moreSupergroup appoints former Nike executive as international boss
18th Nov 2014 08:05
Fashion retailer Supergroup has replaced its international and wholesale boss with a former Nike executive after incumbent Hans Schmitt said he was joining fashion brand rival Diesel. Supergroup, which owns the Superdry brand, said Schmitt was leaving at the end of December to join Diesel as its exe
Read moreFTSE 250 movers: Supergroup rises as Numis reaffirms rating
6th Nov 2014 15:45
Supergroup rose after Numis Securities reaffirmed its 'hold' rating on the stock, with a target price of 1,100p which would suggest a potential upside of 41.21% from the stock's previous close. Since 31 October, three other analysts firms, Berenberg, Investec and Cantor Fitzgerald Europe, reiterated
Read moreLondon midday: UK retailers rise on Morrison results, but markets flat ahead of ECB
6th Nov 2014 11:44
The London stock market was more or less flat by Thursday lunchtime, erasing earlier losses after a well-received update from Morrison's boosted shares in the retail sector. However, upside was being limited ahead of a number of risk events expected before the weekend, including a European Central B
Read moreTuesday broker round-up UPDATE
4th Nov 2014 09:32
Aberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreFTSE 250 movers: Betfair climbs after reporting rise in Q2 revenue
3rd Nov 2014 14:38
Betfair gained after saying in a trading update that second-quarter revenue rose 22% to £119m, driven by strong growth in active customers and favourable sporting results. After adjustments for unusually high gross win margins, revenue in the quarter was up 13%. African oil explorer Ophir Energy was
Read moreBroker tips: RBS, St James's Place, Supergroup, Henderson
31st Oct 2014 13:03
Third-quarter profits from RBS were well-received by the stock market in London on Friday, though brokers remained divided over how to recommend the stock to investors. Analysts warned that, despite the progress made in the third quarter, one-off costs will continue to be a drag on RBS' bottom line
Read moreLondon midday: BoJ stimulus sparks surge, as RBS and IAG jump
31st Oct 2014 11:45
London's stock market surged on Friday, following on from a stellar performance by Asian stocks after Japan's central bank surprised with an increase to its monetary-easing programme. Better-than-expected quarterly profits from RBS and an increase to full-year guidance at IAG also helped to boost se
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