Carpetright Doubles Dividend As FY10 Pft Up; Outlook Caution
29th Jun 2010 07:21
LONDON (Dow Jones)--Carpet and floorings retailer Carpetright PLC (CPR.LN) Tuesday doubled its final dividend as it posted a higher fiscal 2010 pretax profit on the back of a new stream of sales from insurance and house building contracts, but said it expects the consumer environment to remain tough
Read moreCarpetright unrolls strong profits growth
29th Jun 2010 07:13
Things are on the up at floor coverings retailer Carpetright with revenue and profits both improved last year. Total group revenue in the 52 weeks to 1 May 2010 rose 7.0% to £516.6m from £482.8m the year before. The inclusion of Sleepright for its first full year contributed 2.0% of this increase.
Read moreOffice Of Fair Trade Merger Update
14th Jun 2010 11:00
could (by virtue of section 27(5) of the Enterprise Act 2002) extend the OFT's jurisdiction to also examine previous acquisitions by Carpetright of Allied Carpets stores. The OFT understands that the acquisition of these stores could be said to be made under successive arrangements or transactions b
Read moreMARKET TALK: UBS Raises Carpetright To Neutral
10th Jun 2010 07:34
0634 GMT [Dow Jones] UBS raises Carpetright (CPR.LN) to neutral from sell, believing that the recent de-rating leaves the stock more fairly valued, both on absolute valuation and relative to the sector. Still, "we remain cautious regarding the near term outlook for Carpetright, with consumer spendin
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
10th Jun 2010 07:34
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0634 GMT [Dow Jones] UBS raises Carpetright (CPR.LN) to neutral from sell, believing that the recent de-rating leaves the sto
Read moreLondon close: S&P puts spanner in the works
28th Apr 2010 17:09
For the second day in a row the debt ratings agency Standard & Poor's has sent markets into a late swoon, this time with a downgrade on Spanish sovereign debt. Standard & Poor's (S&P) cut its long-term sovereign credit rating on Spain, saying the country is likely to see an extended period of subd
Read moreLondon afternoon: Footsie in positive territory
28th Apr 2010 14:40
The FTSE 100 is now in positive territory as heavily weighted index constituents such as Shell, BP, HSBC and Glaxo make headway, but the FTSE 250 index remains in the red. Higher oil prices helped Royal Dutch Shell post a sharp rise in earnings in the first quarter of 2010. Profit jumped to $4.9bn
Read moreLondon midday: Stocks off the bottom
28th Apr 2010 12:13
Blue-chips are beginning to recover their poise, helped by demand for heavyweight oil stocks in the wake of better than expected results from Shell, and a positive reaction to results from Glaxo, released at noon. Higher oil prices helped Royal Dutch Shell post a sharp rise in earnings in the first
Read moreCarpetright trading below expectations
28th Apr 2010 07:39
Floor coverings retailer Carpetright warned that UK conditions have continued to be difficult with sales falling slightly below company expectations. "We anticipate the year ahead to remain challenging," said chairman Lord Harris of Peckham. For the 12 week period from 31 January 2010 to 24 April
Read moreLondon close: Further boost for shares
23rd Mar 2010 16:43
Rising commodity prices, US strength and some well-received company updates sent London to a fresh 21-month closing high Tuesday. The leading index hasn't finished up at this level since 19 June 2008 and is just one decent session away from breaking through 5,700. Cairn Energy was easily the most
Read moreLondon afternoon: Full steam ahead for Carnival
23rd Mar 2010 14:15
London's leading shares consolidated gains over the lunch-time trading session after notching up solid gains in the morning. Cairn Energy remains the stand-out performer among blue-chips by some distance. The oil group raised its forecast for peak production from its Indian assets by over a third t
Read moreBroker tips: Legal & General, Halfords, Carpetright
23rd Mar 2010 13:06
The capital position at Legal & General is looking increasingly attractive and with the prospect of improved dividend payouts Panmure Gordon is happy to reiterate its 'buy' recommendation after the insurer's 'excellent results' on Tuesday morning. 'We believe that these results addresses many of th
Read moreFTSE 250 movers: Profit warning floors Carpetright
23rd Mar 2010 12:43
Shares in Carpetright have fallen through the floor. The retailer of carpet and floor coverings retailer said the rate of recovery seen towards the end of 2009 has not been sustained and group profits for the year to 1 May 2010 are likely to fall below current market expectations. Investors are a
Read moreBroker snap: Carpetright warning prompts downgrades
23rd Mar 2010 12:36
A profit warning from floor coverings retailer Carpetright has prompted KBC Peel Hunt to downgrade the shares. Carpetright said like for like (LFL) year on year sales growth in the 7 weeks to 20 March was 1.4%, compared to the previous quarter's growth rate of 2.3%, and while some of that tail off
Read moreLondon midday: Cairn caps a good morning
23rd Mar 2010 11:57
Some of the steam has gone out of Footsie after a bright start, but it is still posting decent gains. Cairn Energy is the stand-out performer by some distance. The oil group raised its forecast for peak production from its Indian assets by over a third to 240,000 barrels per day, plus it also boost
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