Wednesday broker round-up - UPDATE
21st Mar 2012 09:16
Bovis Homes: UBS lifts target from 395p to 465p, sell rating kept. Cairn Energy: UBS cuts target from 370p to 365p, neutral rating unchanged. Debenhams: Citigroup upgrades from hold to buy, target upped from 65p to 85p. Lamprell: Nomura raises target from 265p to 430p, buy rating kept. Logica: S
Read moreStrong sales at Ted Baker
21st Mar 2012 07:12
Fashion retailer Ted Baker revealed a 14.9 per cent increase in annual revenue while pre-tax and exceptional posts profit rose 11.7 per cent after a strong performance across all of its divisions. The clothing company, which is planning new stores in London, Fifth Avenue, Toronto, Canada and China
Read moreLondon open: Banks lead the rise but Invensys plummets
13th Jan 2012 08:30
Banks were leading the way on Friday with Royal Bank of Scotland (RBS) topping the charts, lifting the Footsie above the 5,700 level. Hopes that the sovereign debt crisis in Europe is easing lifted the mood on the markets, with investors looking ahead to a key Italian debt auction later today. Just
Read moreTed Baker hails excellent Christmas trading
13th Jan 2012 07:56
Fashion brand Ted Baker said it had a very good Christmas trading period despite, as usual, not embarking on any significant promotional activity. Retail sales in the eight weeks to January 7th were up 15.7% on the corresponding period of the year before, helped somewhat by a 7.3% increase in avera
Read moreUPDATE: Thursday broker round-up
6th Oct 2011 09:28
Intermediate Capital: RBS cuts target from 405p to 360p, buy rating maintained. EasyJet: Credit Suisse upgrades to overperform from neutral. RyanAir: Credit Suisse upgrades to overperform from neutral. Tesco: Credit Suisse reiterates overperform with target at 500p. Tesco: Evolution Securities
Read moreTed Baker cautiously confident
6th Oct 2011 07:08
London based clothing company Ted Baker said half year pre-tax profit rose 12.7% as it remains cautiously optimistic for the remainder of the year. Pre-tax profit climbed to £8.5m for the 28 weeks ended 13 August 2011 from £7.5m before. Revenue for the period increased 16.6% to £102.8m. The strong
Read moreTed Baker finance boss trousers £2m
4th Jul 2011 16:21
Ted Baker's finance boss Lindsay Page has slashed his holding in the fashion retailer, pocketing £2m in the process. He offloaded 250,000 shares at 800p a pop, but still has nearly 44,000, or about 0.1% of the company. Ted Baker has been doing well despite the tough economic climate; the shares ha
Read moreTed Baker looking fine for Summer
14th Jun 2011 16:34
Ted Baker, the fashion retailer, has announced a 15.2% increase in revenue for the 19 weeks between the 30th of January and 11th of June 2011. Retail sales were up 9.4% on the same period last year and the company managed to increase its total shop floor space by 4.4%. The firm has also opened new
Read moreSector movers: GKN lifts auto stocks
25th Mar 2011 15:42
The automobiles and parts sector the best performer today on the back of strong gains from blue chip aerospace and vehicles engineer GKN. The group is higher after announcing yesterday that it will wave goodbye to longstanding chief executive Sir Kevin Smith at the end of 2011. His place at the he
Read moreSector movers: Next and Kingfisher boost retail stocks
24th Mar 2011 15:08
It's a strong day for retail stocks, sending the 'general retailers' sector to the top of the pile, with impressive gains from blue chips Next and Kingfisher. Next today paraded a 9% rise in full-year profit to a new record, exactly what the City was expecting following guidance from the fashion re
Read moreTed Baker FY profit surges 24%
24th Mar 2011 07:53
Fashion retailer Ted Baker revealed a 24.2% rise in annual pre-tax profit, after strong international demand, and said it is well placed for 2011 despite the uncertain economic outlook. "Whilst the economic outlook for 2011 is uncertain, we have demonstrated in previous years our ability to trade
Read moreThursday preview: Next, Kingfisher, Ted Baker
23rd Mar 2011 18:06
Thursday has a fashionable look to it, with retailers Next and Ted Baker both reporting. Next will most likely be relying on its online and catalogue arm, Next Directory, to drive growth. Charles Stanley is forecasting operating profit at Next Retail will be flat at £320m, though the operating ma
Read moreWeek Ahead: Budget, BoE minutes, Next
18th Mar 2011 12:03
Thursday is normally the biggest day of the week for the London stock market but next week Wednesday takes the honours, as that's the day the minutes from the most recent meeting of the Monetary Policy Committee (MPC) are released, and it is also the day the Chancellor of the Exchequer, George Osbor
Read moreLondon close: Late recovery not enough
14th Jan 2011 16:39
Shares came off their lows ahead of the close, helped by an improvement on Wall Street, but still finished in the red, with miners among the fallers. The sector was hurt by speculation that commodity hungry China may raise interest rates to cool inflation. The economic powerhouse has lifted reserve
Read moreLondon afternoon: Deficit narrows
14th Jan 2011 15:15
A recovery on Wall Street has helped London narrow losses, although the leading index is in danger of ending the week below 6,000. Miners are still lower amid speculation that commodity hungry China may raise interest rates to cool inflation. The economic powerhouse has lifted reserve requirements
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