Ted Baker sales jump as Chairman exits
9th Jan 2013 07:08
Designer brand Ted Baker announced a solid rise in sales over the festive period as Non Executive Chairman Robert Breare confirmed he will step down after more than 11 years in the role. David Bernstein, currently Senior Independent Non Executive Director, will succeed Breare with immediate effect
Read moreBroker snap: Panmure highlights ASOS and Dunelm as top retail picks
2nd Jan 2013 09:12
Panmure Gordon has highlighted ASOS and Dunelm as its 'conviction buys' in the UK retail sector ahead of the critical Christmas reporting season in the next few weeks. General retail was the best-performing FTSE sector in 2012 according to prices at December 27th, the broker said. Panmure said: "A
Read moreFriday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreWednesday broker round-up UPDATE
28th Nov 2012 07:26
ARM Holdings: Barclays Capital raises target price from 750p to 820p, overweight rating kept. Assura Group: Oriel Securities starts with an add recommendation. Espirito Santo moves target price from 37p to 37.50p, buy recommendation unchanged. Britvic: Deutsche Bank raises target price from 370p t
Read moreThursday Broker round-up UPDATE
15th Nov 2012 07:21
AMEC: Nomura raises target price from 1240p to 1340p, buy rating remains unchanged. Barclays Capital reduces target price from 1350p to 1320p, underweight rating kept. Atkins (WS): Investec reduces target price from 727p to 700p, hold recommendation maintained. Barr AG: UBS raises target price fro
Read moreRevenue surge at Ted Baker
15th Nov 2012 07:10
Ted Baker, the British fashion brand, revealed a 22.1 per cent hike in revenue for the 13 week period to November 10th 2012 as consumers snapped up items in the UK and overseas. Retail sales for the period were up 24.6% from the same time last year as average retail square footage climbed 13.7% to
Read moreFriday broker round-up
5th Oct 2012 08:19
Anglo American: AlphaValue upgrades from add to buy. Betfair: Panmure Gordon cuts target from 1,000p to 977p, buy rating kept. BHP Billiton: AlphaValue downgrades from add to reduce. Burberry: Morgan Stanley upgrades to overweight, target kept at 1,190p; UBS keeps neutral rating and 1,170p target
Read moreLondon midday: Stocks edge higher as BoE holds rates
4th Oct 2012 11:47
- Middle-East tensions dampen sentiment - BoE holds rates; ECB decision eyed - Investors await US jobless claims After swinging into negative territory briefly, the FTSE 100 was back above water by Thursday lunchtime ahead of interest rate decisions in the UK and Europe. Meanwhile, investors were s
Read moreLondon open: Stocks gain ahead of central bank announcements
4th Oct 2012 08:23
- Investors await BoE and ECB decisions, FOMC minutes - Tate & Lyle jumps after Credit Suisse upgrades - Halfords appoints new CEO after strong Q2 European stock markets have opened with moderate gains ahead of what is likely to be a busy day on the economic front, with rate decisions due out from
Read moreThursday broker round-up - UPDATE
4th Oct 2012 07:57
BHP Billiton: Morgan Stanley cuts target from 2,180p to 2,100p, overweight rating kept. BTG: Deutsche Bank raises target from 384p to 394p, buy rating kept. Capita: Panmure Gordon keeps hold rating and 620p target. Carillion: Seymour Pierce keeps buy rating and 395p target; Panmure Gordon maintai
Read moreTed Baker hails strong first half
4th Oct 2012 07:51
Fashion chain Ted Baker said reaction to its autumn/winter collections has been positive as it unveiled a solid first half trading performance. Group revenue in the 28 weeks to August 11th rose 15.4% to £118.6m from £102.8m at the halfway point last year. UK and European retail sales rose 7.9% year
Read moreThursday broker round-up
30th Aug 2012 09:35
Admiral: Nomura keeps buy rating and 1,300p target. Antofagasta: Jefferies raises target from 1,050p to 1,200p, hold rating kept. APR Energy: Investec upgrades from hold to buy, target cut from 1,100p to 950p. Cape: Investec maintains buy recommendation and 300p target. Consort Medical: N+1 Brew
Read moreTed Baker ramps up revenue
12th Jun 2012 07:15
Fashion retailer Ted Baker revealed a stellar set of results for the 19 week period to 9 June 2012 but said it remains mindful of the uncertain economic environment. The British designer brand posted a 14.6% increase in revenue for the 19-week period while retail sales for the period climbed 16.2%
Read moreBroker tips: Petropavlovsk, Ladbrokes, Retailers
6th Jun 2012 11:14
UBS has upgraded its rating for Russia-focused gold group Petropavlovsk from neutral to buy on the back of the recent share-price underperformance and weakness in the rouble. However, UBS has cut its target price from 650p to 630p after lowering its 2012 earnings per share (EPS) forecast by 22% to
Read moreBroker snap: Forecasts for retailers have 'moved from the nadir'
6th Jun 2012 11:04
Peel Hunt has named its top picks and top risks as part of its review of the general retail sector, saying that while the category has enjoyed a strong start to 2012, the recovery is likely to be a long haul. "Outperformance across the retail sector continues to be earnings- driven and stock-specif
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