FTSE 250 movers: Centamin lower on Alecto Minerals split, De La Rue strong on potential bid
18th Feb 2015 13:52
Centamin was in the red after revealing it was pulling out of its joint venture with Alecto Minerals in Ethiopia. Results from its 2014 drilling programme, which included 25 diamond drills holes at Wayu Boda, and the analysis of surface work carried out during the year will be handed to Alecto when
Read moreFTSE 250 movers: Petra Diamonds falls short of full-year profit expectations
26th Jan 2015 14:40
Diamond mine operator Petra Diamonds was trading lower after announcing that it may not meet analysts' expectations for full-year profits. Sales jumped by 16% in the first six months of the year to reach $214.8m. The increased sales in the period were in part thanks to the sale of two exceptional di
Read moreWH Smith high street sales down, but "in line with plan"
21st Jan 2015 10:04
WH Smith shares were down after it reported a decrease of 2% in like-for-like sales during the last 20 weeks. Despite an increase of like-for-like sales in its travel division of 2%, high street sales were down 5%, which was in line with its plan. However, the FTSE 250 retailer said its gross margi
Read moreUK Mail CEO bags a bargain after posting dividend growth
19th Nov 2014 15:48
With share in his company down 44% from this year's earlier all-time high of 715p, UK Mail chief executive Guy Buswell has bagged a sackful of shares the day after the company hiked its dividend. Buswell bought 18,310 shares at a price of 405p, shelling out £74,156 in total a day after announcing fl
Read moreThursday broker round-up.-Update
13th Nov 2014 10:21
AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating. AVEVA Group: Barclays upgrades to overweight. Bellway: Credit Suisse raises target price from 1876p to 1905p and keeps a neutral rating. Bow Leven: Barclays shifts target price from 45p to 50p and retai
Read moreWednesday broker round-up UPDATE
12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read moreWH Smith reports flat start to the new financial year
12th Nov 2014 08:03
WH Smith's like-for-like (LFL) sales dropped 1% in the first 10 weeks of its financial year, reflecting the poor performance of high street stores. The British stationary and books retailer said high street LFL sales declined 4%, offsetting a 2% increase in its travel division, which includes stores
Read moreJohn Menzies issues warning over aviation profit
5th Nov 2014 10:08
Aviation services and newspaper distribution group John Menzies warned on annual profits in its aviation and ground handling operation due to regulatory changes. Following the announcement, the Edinburgh-based firm said it would address the problems in the aviation division and revealed that the man
Read moreFTSE 250 movers: Retail stocks lead rise as footfall decline slows
21st Oct 2014 14:38
Retail stocks were putting in a strong performance on Tuesday after data from BRC-Springboard showed the decline in UK retail footfall eased to 0.9% in September from a 1.1% drop in August. Stocks such as Debenhams, Home Retail, Just Eat, WH Smith and Halfords were all in positive territory. "With a
Read moreMonday broker round-up UPDATE
20th Oct 2014 09:48
African Barrick Gold: Westhouse Securities cuts target price from 285p to 230p maintaining an add rating. Antofagasta: Westhouse Securities reduces target price from 805p to 720p retaining its neutral rating. Centamin: Westhouse Securities shifts target price from 65p to 70p upgrading to buy. DCC:
Read moreFTSE 250 movers: Bwin.party climbs after pleasing with Q3 results
16th Oct 2014 16:16
Gaming giant Bwin.party rose after it reported a 2% rise in third quarter revenue to €148.7m as an increase in sports betting sales offset a fall in bingo, casino and poker. Sports betting revenue advanced 11% to €58.8m, driven by higher margins, the World Cup and growth in the number of people usin
Read moreBroker tips: Shire, Tesco, WH Smith, Bwin.party
16th Oct 2014 12:46
Panmure Gordon has upgraded its rating for pharmaceutical group Shire despite the news that US rival Abbvie has recommended investors to vote against its $54bn takeover. The broker, which slashed its target price for the shares from 5,300p to 4,200p as a result of Abbvie's comments, said that Shire'
Read moreUpgrades due at WH Smith after strong results, 'buy' says Canaccord
16th Oct 2014 11:20
WH Smith's impressive annual results are likely to drive upgrades for the books-to-stationery retailer, according to Canaccord Genuity, which maintained its 'buy' recommendation and 1,225p target price for the stock on Thursday. Headline profit before tax (PBT) for the year ended 31 August increased
Read moreWH Smith ahead of target thanks to travel and high street gains - UPDATE
16th Oct 2014 08:03
Preliminary results from WH Smith were slightly ahead of target thanks to a strong year from its travel business and solid performance from the UK high street. Group total sales were down 2% to £1.12bn in the year to 31 August, with like-for-like (LFL) sales down 3%, but a 160-basis-point hike in gr
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
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