Cannacord keeps WH Smith at 'hold' despite prodigious cash generation
8th Jun 2016 11:11
(ShareCast News) - Canaccord Genuity stuck to its 'hold' recommendation and 1,695p target price on WH Smith despite what it described as a "solid" third quarter trading update from the speciality retailer. WH Smith´s sales rose by 2% during the third quarter of its fiscal year, alongside flat like-f
Read moreWH Smith travel sales up, High Street like-for-like down 3%
8th Jun 2016 07:33
(ShareCast News) - WH Smith said like-for-like sales in the 14 weeks to 4 June 2016 were flat with total group sales up 2%, and added that it was confident in the outcome for the full year. Travel business total sales were up 9% and like-for-like sales up 3%, in line with expectations. High Street
Read moreWednesday broker round-up
27th Apr 2016 15:32
(ShareCast News) - BP: Barclays reiterates overweight with a 550p target, Credit Suisse keeps at underperform with a target of 330p, Cannacord stays at buy with a 420p target and Exane BNP Paribas reiterates neutral with a target of 350p. Cambian Group: Canaccord downgrades to hold with a 91p target
Read moreThursday newspaper share tips: Tesco, WH Smith
14th Apr 2016 13:06
(ShareCast News) - Management at Tesco is optimistic and it may be right, the Financial Times's Lex column said. Sales are unlikely to grow, after all the rate of improvement is limited by that of the rest of the economy and the UK has too many supermarkets to boot. Its international footprint is a
Read moreWednesday broker round-up
13th Apr 2016 15:24
(ShareCast News) - DCC: Exane BNP Paribas downgrades to neutral with a target price of 6200p. Cobham: Barclays upgrades to overweight with a target price of 255p. Bunzl: Exane BNP Paribas upgrades to outperform with a target price of 2275p. Asos: JP Morgan keeps at overweight with a target of 4000
Read moreMore 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 more