Dunelm revenues up despite rising costs
8th Jan 2015 09:10
Dunelm Group, a homewares retailer, said its revenues increased during the first half of the financial year despite a rise in operating costs. The retailer sold £406.4m during the first half in December, compared to £356.4m the year before. The furniture department sold £20m, an increase of 60%, wh
Read moreTuesday broker round-up UPDATE
28th Oct 2014 09:18
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating. African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating. Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation. APR Energy:
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreMonday broker round-up
6th Oct 2014 10:05
Asos: UBS ups target price from 4000p to 4050p and stays with its buy recommendation. Cranswick: Numis cuts target price from 1326p to 1296p and keeps a hold recommendation. Dunelm Group: Citi reduces target price from 930p to 870p downgrading to neutral. easyJet: Citi ups target price from 1600p
Read moreFriday broker round-up UPDATE
3rd Oct 2014 09:25
Anite: Investec places its target price (prev.: 90p) under review maintaining a hold recommendation. Avon Rubber: WH Ireland ups target price from 765p to 800p and retains a buy recommendation. Investec ups target price from 700p to 720p upgrading from add to buy. BTG: Panmure Gordon raises target
Read moreStrong trading drives Dunelm sales in Q3
3rd Oct 2014 08:55
Strong trading saw third quarter sales at homewares retailer Dunelm rise to £180.6m, a 17% year-on-year gain. Like-for-like growth was 8.9% compared with a 5.3% decline in the corresponding period 12 months ago, the company said, adding that gross margin had continued to rise, with an estimated 40 b
Read moreSunday share tips: Dunelm, Essentra, Eros International
28th Sep 2014 17:28
It's a good time to buy shares in Dunelm, Danny Fortson argued in the Sunday Times's Inside the City column. Just over a third of its customers are retired and almost half have paid off their mortgages so they have time and money. Will Adderley of the founding family has taken over as Chief Executiv
Read moreSector movers: Retailers fall as Next and Home Retail disappoint
11th Sep 2014 13:00
Poorly-received updates from the likes of Next and Home Retail Group ensured that the UK-listed general retail sector was firmly in the red on Thursday afternoon. High street giant Next delivered a solid first half with both sales and profits ahead of the company's original expectations, but under a
Read moreDunelm CEO steps down as annual profits rise
11th Sep 2014 07:51
Dunelm has announced the resignation of its chief executive officer (CEO) Nick Wharton, as the homeware retailer hiked its dividend by 25% after a solid set of annual results. Wharton said "the time is right for a new challenge" as he handed over the reins to executive deputy chairman and former CEO
Read moreDunelm appoints Whitbread CEO as new director
17th Jul 2014 08:01
Out-of-town homewares retailer Dunelm has appointed Whitbread boss Andy Harrison as its new Non-Executive Director. Harrison, who has run Costa and Premier Inn owner Whitbread since 2010 and was Chief Executive of airline easyJet before that, will join Dunelm's board on September 1st. "I am very p
Read moreWednesday broker round-up UPDATE
16th Jul 2014 09:00
Alent: Liberum Capital initiates with a target price of 400p and a buy recommendation. APR Energy: Citi reduces target price from 1350p to 650p and downgrades to neutral. ARM Holdings: FinnCap upgrades from hold to buy with a target price of 1000p. Ashmore Group: Numis ups target price from 350p
Read moreLondon midday: FTSE 100 extends losses as insurers and retailers fall
9th Jul 2014 12:03
- Admiral, Aviva lead markets lower - FTSE 100 on track for worst finish since late April - Retailers fall as UK retail prices fall 1.8% - Investors nervous ahead of Fed minutes techMARK 2,777.53 -0.59% FTSE 100 6,708.55 -0.44% FTSE 250 15,526.79 -0.80% UK stocks were heading for their worst finis
Read moreWednesday tips round-up: Shire, Dunelm
9th Jul 2014 10:12
Shares of Shire failed to move higher despite AbbVie raising the aggregate amount of its bid to £51.15 from £46.26, showing that investors have little faith in the deal actually going through or in AbbVie's ability to further increase its offer. Are they correct? Should Abbvie increase its offer aga
Read moreDunelm's annual profit up 7% after strong fourth quarter
8th Jul 2014 08:09
UK homeware retailer Dunelm said that annual profits grew by around 7% after a strong end to the financial year with sales growth picking up in the final quarter. The group said it expects to report a pre-tax profit of £116m for the year to June 28th, up from £108.1m previously. Total sales increa
Read moreSector movers: M&S caution, rate-hike speculation dampen retail stocks
7th Jul 2014 14:55
General retail stocks were under the weather on Monday as investors showed nervousness ahead of results from High Street bellwether Marks & Spencer and reacted to rate-hike speculation. Shares in M&S were down 1% this afternoon before its fiscal first-quarter update due out Tuesday morning which wi
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