Broker snap: Panmure hikes target for Ted Baker after strong Q1
20th Jun 2013 09:45
Panmure Gordon has raised its target price for Ted Baker from 1,411p to 1,571p after the British fashion group's better-than-expected first quarter, but has kept its 'hold' rating on the stock. The broker said that trading for the first 20 weeks of Ted Baker's fiscal year (to June 15th) was "signif
Read moreThursday broker round-up UPDATE
20th Jun 2013 08:43
Ashtead Group: Jefferies takes target price from 690p to 750p and leaves its buy recommendation unchanged. ASOS: Deutsche Bank increases target price from 3300p to 3800p and reiterates a hold recommendation. Atkins: Liberum Capital takes target price from 1020p to 1100p and maintains a buy recomme
Read moreLondon open: 'Tapering' concerns hit markets hard as Fed signals end to QE
20th Jun 2013 08:26
Markets across Europe dropped sharply in early trading on Thursday after Federal Reserve Chairman Ben Bernanke last night signalled that the central bank could soon start to scale back its quantitative easing (QE) programme. Fed confirms QE taper Stocks on Wall Street last night were trading sligh
Read moreLondon pre-open: Sharp falls expected after Bernanke confirms 'tapering'
20th Jun 2013 07:28
Confirmation by Chairman Ben Bernanke that the Federal Reserve could begin taper its quantitative easing (QE) programme this year is set to weigh heavily on markets on Thursday. City sources predict the FTSE 100 will open down 93 points from yesterday's close of 6,349. Stocks on Wall Street last n
Read moreSales power ahead at Ted Baker
20th Jun 2013 07:17
British fashion label Ted Baker delivered an impressive 32.7 per cent rise in revenue for the 20 week period from January 27th to June 15th following strong demand across the group. Retail sales for the period surged 30.7% from the same period last year, while average retail square footage rose b
Read moreFriday broker round-up UPDATE
14th Jun 2013 08:15
Amlin: UBS starts with a target price of 400p and a neutral rating. Cairn Energy: JP Morgan takes target price from 320p to 340p maintaining a neutral rating. Catlin: UBS initiates with a target price of 475p and a neutral rating. Chemring: Credit Suisse increases target price from 210p to 260p a
Read moreBroker snap: Mothercare 'still too expensive' despite LFL beat
11th Apr 2013 13:58
The market may have reacted well to Mothercare's pre-close trading update on Thursday, but Panmure Gordon kept its 'sell' recommendation for the stock, saying that the shares are 'still too expensive'. The Mothercare group, comprised principally of the two retail brands Mothercare and Early Learnin
Read moreRetail sales rebound in February, data shows
21st Mar 2013 11:49
Retail sales rose more than expected in February, boosted by strong demand for tablet devices, the Office for National Statistics (ONS) revealed Thursday. Total sales increased by 2.1% last month, compared with -0.7% in January, beating the 0.4% consensus. Core sales, excluding fuel, increased by
Read moreTed Baker reveals increase in annual profits but misses forecasts
21st Mar 2013 07:46
British fashion label Ted Baker saw 2012 revenues and profits edge higher as the company opened new retail stores worldwide. The company reported group revenues of £254.5m for the year to January 26th, 2013, an 18% increase from £215.6m a year ago. It beat the £253m forecast by stockbroker Oriel Se
Read moreThursday preview: Ted Baker to unveil annual profit rise
20th Mar 2013 15:11
British fashion brand Ted Baker is set to report a 17 per cent hike in annual sales on Thursday, according to analysts. The designer label is expected to announce sales of £253m for 2012 as it reaps the rewards of its new online offering and recent expansion in the UK, US and Asia. Full-year pre-t
Read moreSector movers: M&S bid speculation lifts retailers higher
18th Mar 2013 15:33
Increased M&A speculation on the High Street boosted the general retail sector higher on Monday, with department store Marks & Spencer (M&S) surging after a rumoured takeover bid by Qatar. M&S's shares rose as much as 9.0% in early trading after The Sunday Times reported that the Qatar Investment A
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreWednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreLondon open: Sainsbury warns celebrations will not carry into 2013
9th Jan 2013 08:10
The UK's main equity benchmark, the FTSE 100, has started the Wednesday session slightly higher, up by 18 points to 6,071, to just below technical resistance at the 6,100 point mark, despite the release of mixed results overnight from US aluminium giant Alcoa and what appears to be a rather mixed ne
Read moreLondon pre-open: FTSE to open higher as Sainsbury posts record sales
9th Jan 2013 07:28
City sources predict the FTSE 100 will open up 16 points from yesterday's close of 6,054, with investors focusing on an upbeat trading update from supermarket giant Sainsbury. The chain enjoyed record-breaking Christmas trading as it increased its market share in the last three months of 2012. But
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