More than 60 Post Offices to move into WH Smith
13th Apr 2016 10:27
(ShareCast News) - Up to 61 Post Office branches will be moved into WH Smith stores over the next 12 months, it was revealed on Wednesday. The state-owned company, separate from the publicly traded Royal Mail delivery operation, said the move was part of a decade-long agreement to relocate more coun
Read moreLondon pre-open: Stocks seen higher after China trade data
13th Apr 2016 07:32
(ShareCast News) - London stocks were set for a positive open on Wednesday, taking their cue from an upbeat session in Asia after encouraging Chinese trade data. The FTSE 100 was seen starting 33 points higher than Tuesday's close at 6,275. China's yuan-denominated exports rose 18.7% in March compa
Read moreWH Smith reports best high street performance 'in years'
13th Apr 2016 07:08
(ShareCast News) - WH Smith reported a jump in earnings on Wednesday, with profit across the FTSE 250 retailer improving in the six months to 29 February. Group profit before tax rose 11% to £80m, from £72m, while diluted earnings per share were up 13% to 57.4p, from 50.8p. Smith's profit in travel
Read moreFTSE 250 movers: JD Wetherspoon slumps on profit warning; WH Smith rallies
20th Jan 2016 14:18
(ShareCast News) - London's FTSE 250 index was down 2.3% to 15,741.87 at 1430 GMT, tracking the broader market as worries about Chinese growth and sliding oil prices kept investors on edge. JD Wetherspoon was the worst performer after the pub group said like-for-like sales improved in the first 12 w
Read moreBroker tips: JD Wetherspoon, WH Smith, Shawbrook
20th Jan 2016 13:07
(ShareCast News) - JD Wetherspoon was under pressure on Wednesday as Investec cut its target price to 760p from 800p after the pub operator guided full year profits lower. In a trading statement, chairman Tim Martin warned that full year profits "were likely to below the lower end of analysts' expec
Read morePeel Hunt adds WH Smith to 'buy' list after solid sales figures
20th Jan 2016 11:30
(ShareCast News) - Broker Peel Hunt has added WH Smith to the 'buy' list and also lifted its target price after the company reported positive sales figures on Wednesday Peel Hunt said its target price was now 1,800p from a previous 1,680p. "A very pleasant surprise from WH Smith. Like-for-like trad
Read moreWH Smith carried along by better travel sales; High Street flat
20th Jan 2016 07:49
(ShareCast News) - Stationer and newsagent WH Smith said sales from its shops at airports and train stations were up 5% in the 20 weeks to 16 January although High Street sales were flat over the period. Chief executive Stephen Clarke said full year profit growth to be "slightly ahead of plan" as ov
Read moreFriday newspaper share tips: Mixed views on Unilever; WH Smith a good long term bet
16th Oct 2015 10:33
(ShareCast News) - Unilever's results on Thursday left the newspaper pundits in disagreement about whether now was time to invest in the consumer goods company. In the Telegraph Questor said that investors would have breathed a sigh of relief after it posted a third quarter jump in revenue and a lif
Read moreLondon close: Stocks up as US inflation exceeds forecasts
15th Oct 2015 16:15
(ShareCast News) - The UK equity market was in positive territory on Thursday after US inflation data beat forecasts. The US consumer price index for September came in flat from a year ago, better than the 0.1% dip forecast by analysts and following a 0.2% increase in August. Compared to a month ag
Read moreBroker tips: Smiths Group, WH Smith, Burberry
15th Oct 2015 14:32
(ShareCast News) - Exane BNP Paribas downgraded Smiths Group to 'underperform' from 'neutral' and cut the price target to 830p from 1,000p. The bank said new management inherits two legacy issues. Firstly, it noted that organic sales growth has lagged the sector for years and said growth for both t
Read moreLondon midday: Stocks boosted by Chinese lending figures ahead of US inflation
15th Oct 2015 11:09
(ShareCast News) - London stocks were on the front foot on Thursday, buoyed by a higher than expected increase in Chinese lending figures. China's banks issued 1.05trn yuan in new yuan loans in September, compared to 809.6bn yuan in August and analysts' expectations of 850bn yuan. "Although this wi
Read moreThursday broker round-up
15th Oct 2015 10:40
(ShareCast News) - Serco Group: HSBC downgrades to reduce, cuts target price to 77.00p. Burberry Group: Bank of America downgrades to neutral. Target price: 1500.00p. Nomura reiterates to buy, cuts target price to 1700.00p. WH Smith: Peel Hunt Limited downgrades to add, raises target price to 1680.
Read morePeel Hunt upgrades WH Smith to 'add' after results
15th Oct 2015 09:27
(ShareCast News) - Peel Hunt upgraded WH Smith to 'add' from 'hold' and lifted the price target to 1,680p from 1,500p following the company's full-year results. "WH Smith is taking full advantage of positive macro trends in Travel, continuing to find cost savings on the high street but crucially is
Read moreWH Smith full-year profit boosted by travel business
15th Oct 2015 07:23
(ShareCast News) - Shares in WH Smith rallied after the retailer posted a rise in pre-tax profit for the year on the back of a good performance across the group, with the travel business in particular providing a boost. For the year ended 31 August, pre-tax profit increased 8% to £121m, while total
Read moreWH Smith pledges to cut prices in hospital outlets
23rd Sep 2015 08:29
(ShareCast News) - Retailer WH Smith has agreed to slash prices in its hospital shops after coming under pressure from MPs. The group, Britain's biggest high street retailer, was accused of profiting at the expenses of sick patients after an investigation last month revealed cards and flowers can be
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