London pre-open: Flat start predicted
30th Jun 2009 07:40
Expect London to open little changed if futures prices are anything to go by after Wall Street maintained its healthy lead through to the close last night. Wolseley chief executive Chip Hornsby has stepped down with immediate effect to let Ian Meakins take the helm at the building supplies group. H
Read moreCarpetright profits slump 70%
30th Jun 2009 07:12
Carpetright slashed its final dividend as profits tumbled by more than 70% last year, with the carpet retailer warning its sees no upturn for at least 12 months. Pre-tax profit in the year to end April crashed by 72% to £16.7m, from £59.5m, on sales of £483m down by 7.4%. The UK & Ireland bore the
Read moreBroker snap: Carpetright recovery gone far enough
26th Jun 2009 13:20
Singer Equity Research has downgraded its rating of floor coverings retailer Carpetright reckoning the share price now represents fair value. "Our change of stance [from a "buy" rating] reflects the re-rating that has been achieved. The shares are up c75% since going onto the buy list and firm evid
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