Full-price strategy has to change at Supergroup, says Oriel Securities
31st Oct 2014 11:25
The market had factored in some bad news ahead of Supergroup's profit warning on Friday, "but the quantum of the downgrade is greater than feared", according to Oriel Securities. The broker retained its 'reduce' rating on the stock with a 760p target price, saying that the fashion retailer's "fanati
Read moreFriday broker round-up UPDATE
31st Oct 2014 09:36
Afren: Deutsche Bank lowers target price from 110p to 105p, leaving its hold recommendation unaltered. Aviva: Barclays ups target price from 397p to 420p and reiterates its equal-weight rating. Barclays: Deutsche Bank lowers target price from 300p to 295p and leaves its buy recommendation. Country
Read moreLondon open: RBS and IAG lead gains as UK stocks rise on BoJ stimulus
31st Oct 2014 08:34
London's stock market jumped in early deals on Friday, trading at levels not seen since the start of the month, after Japan's central bank unexpectedly ramped up its monetary-easing plan in a bid to revive growth. Sentiment was also helped by some well-received third-quarter results from heavyweight
Read moreSituation certainly not super as profit guidance is lowered by SuperGroup
31st Oct 2014 08:25
Shares in SuperGroup slumped on Friday morning after the clothing retailer, which owns the Superdry brand, cut its profit guidance. The group said the exceptionally warm weather had resulted in a "high degree of uncertainty" around the future performance of the autumn/winter range and consequently i
Read moreFTSE 250 movers: Vedanta climbs on bauxite hopes
29th Oct 2014 15:42
Diversified metals and mining major Vedanta Resources was higher after chairman Anil Agarwal said the problems with bauxite supplies to its Lanjigarh aluminium refinery in three or four month's time. "The state government has assured us that they are working on 2-3 alternative bauxite mines for our
Read moreLondon close: Markets up on positive company news
22nd Oct 2014 17:04
The London market closed in positive territory for the second time this week as traders weary of negative economic news took heart from upbeat corporate results. The FTSE 100 Index ended the session 27.4 points ahead at 6399.73 as drug group GlaxoSmithKline pleased investors with news of higher earn
Read moreFTSE 250 movers: Car insurers accelerate after AA figures
22nd Oct 2014 15:38
Figures out from AA Insurance lifted shares in car insurers on Wednesday, prompting Esure to motor ahead to the top of the second tier leaderboard. The AA said that comprehensive rates had risen 2.8% in the third quarter, with third party rates climbing 6.6% - the first quarterly increase in two yea
Read moreBroker tips: GSK, BHP Billiton, International Personal Finance, Supergroup
22nd Oct 2014 13:19
Hargreaves Lansdown says the City may take a more charitable view of Glaxosmithkline shares after the drug group announced higher third-quarter earnings per share and a streamlining of its business. The broker said analysts may need to "positively re-evaluate" the market consensus on the shares as a
Read moreLondon midday: UK stocks flat amid central-bank speculation
22nd Oct 2014 11:42
UK stocks were broadly flat on Wednesday morning after jumping to a one-week high the previous session, as investors reacted to ongoing central-bank speculation and digested mixed corporate earnings. The FTSE 100 was down 0.05% at 6,369 by midday, with results from the likes of British American Toba
Read morePeel Hunt hails 'great appointment' of former Co-op boss at Supergroup
22nd Oct 2014 11:41
The hiring of former Co-op boss Euan Sutherland as the new chief executive officer (CEO) of Supergroup is a "great appointment" by the fashion retailer, according to broker Peel Hunt which reiterated a 'buy' rating for the stock. Supergroup announced that Sutherland, who has been a non-executive dir
Read moreWednesday broker round-up UPDATE
22nd Oct 2014 09:54
Amino Technologies: N+1 Singer moves target price from 93p to 107p upgrading to buy. Anglo American: Liberum Capital reduces target price from 1300p to 1200p retaining its sell recommendation. ARM Holdings: UBS moves target price from 970p to 980p upgrading from neutral to buy. Deutsche Bank cuts t
Read moreLondon open: UK stocks slip as investors await MPC minutes
22nd Oct 2014 08:50
UK stocks opened with small losses on Wednesday as investors paused for breath following a surge the previous session. The FTSE 100 was trading 0.2% lower at 6,360 in early deals. London's benchmark index jumped 1.7% to a one-week closing high of 6,372 on Tuesday on reports that the European Centra
Read moreFormer Co-op boss to become Supergroup chief executive, shares drop
22nd Oct 2014 07:42
The former chief executive of the troubled Co-operative group is to become the new boss of fashion retailer Supergroup. Euan Sutherland stepped down from the Co-op after expressing concern about how the mutual retailer could be turned around following the discovery of a £1.5bn black hole in the acco
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreSunday share tips: Ocado, Hargreaves Lansdown, Volution
8th Sep 2014 11:55
After a "wild ride" for Ocado shareholders, the company faces further uncertainty, Danny Fortson argued in the Sunday Times. Its agreement to deliver groceries for Morrisons cheered investors but it has not signed any more deals. Ocado is in a price war with other grocers, who are catching up with i
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