Dunelm Finance Director trades in shares from LTIP
18th Oct 2012 16:07
Dunelm Group's Finance Director, David Stead, has traded in 43,460 of the 85,215 shares he received after exercising options under the company's long-term incentive plan at no cost. Stead, who joined the homeware chain in 2003, traded in the shares at 679.40p, earning £295,267, which he used to fu
Read moreDunelm return of capital to have income & capital options
15th Oct 2012 14:51
Bedding, curtains and blinds retailer Dunelm said its proposed return of capital to shareholders will be done in such a way so as to satisfy shareholders who want income and those who want capital. The group intends to return around £65.8m of capital to shareholders, equivalent to 32.5p per ordinar
Read moreThursday tips round-up: Marstons, British lenders, Dunelm
4th Oct 2012 07:08
The Times Tempus column tips Marston's, which is investing spare cash in new-build freehold pubs offering informal eating and drinking in a pleasant environment. The benefit of this strategy was evident in yesterday's pre-close trading update. Marston's revealed that a revaluation of its pub estate
Read moreWednesday broker round-up - UPDATE
3rd Oct 2012 09:06
African Barrick Gold: Westhouse Secuirites raises target from 464p to 495p. AG Barr: Panmure Gordon keeps hold rating and 440p target. AstraZeneca: Panmure Gordon downgrades from buy to hold, target cut from 3,100p to 3,000p. Barclays: UBS downgrades from buy to neutral, 235p target unchanged. B
Read moreDunelm lifts first quarter sales
3rd Oct 2012 07:07
Homewares retailer Dunelm said total first quarter sales increased 13.8 per cent as cash conscious shoppers opted for its value for money range. Like-for-like (LFL) sales grew 3% in the 13-week period from July 1st to September 29th 2012. Total sales value increased to £151.8m in the period compare
Read moreWednesday preview: Retailers slug it out
2nd Oct 2012 12:23
Half-year results from retail giant Tesco are probably the main event of the week on the corporate agenda, but in Panmure Gordon's view, the figures won't mean much in the grand scheme of things. "We don't regard the actual numbers as being that interesting. What we are looking for is progress in t
Read moreWeek Ahead: Sainsbury and Tesco go head-to-head
28th Sep 2012 09:54
There is a retail theme to next week's results, with supermarket giants Tesco and Sainsbury set to report, along with car products provider Halfords, homewares retailer Dunelm and fashion chain Ted Baker. On the economic front, central banks will be in focus with the European Central Bank making it
Read moreLondon close: Stocks surge on hopes for QE3
13th Sep 2012 16:35
- Markets close higher ahead of Fed decision - Greece could need third bailout, says IMF official - BAE's merger with EADS called into question Following a subdued start, UK stocks ended at their highest levels of the day with just an hour or so to go before the announcement of the Federal Reserve'
Read moreFTSE 250 movers: Premier Farnell rises as decline slows
13th Sep 2012 15:30
Electronics components supplier Premier Farnell surged after seeing the year-on-year decline in its top line slow in the second quarter, as it sacrificed margin to protect market share. ?? Homewares retailer Dunelm rose after saying pre-tax profit climbed a better than expected 15.1% in the first
Read moreLondon midday: Markets look to Fed for a boost
13th Sep 2012 11:50
- Markets tentative ahead of FOMC announcement - Stocks already priced in stimulus - Next and BAE provide a drag in London The FTSE 100, like other stock markets across Europe, was broadly flat by Thursday lunchtime ahead of a pivotal policy decision by the Federal Reserve expected later on. Yest
Read moreThursday broker round-up
13th Sep 2012 09:17
Anite: Jefferies keeps buy rating and 160p target. BAE Systems: Investec downgrades from hold to sell, target raised from 350p to 290p; Societe General downgrades to sell; Oriel Securities downgrades to hold, target lifted from 350p to 370p. Bank of Georgia: Seymour Pierce keeps buy rating and 1,6
Read moreLondon open: Markets cautious ahead of FOMC meeting
13th Sep 2012 08:27
- Markets focus on FOMC announcement - Next sinks on gloomy outlook - BAE eases after strong surge With all eyes on a Federal Open Market Committee (FOMC) meeting today, UK stocks started flat on Thursday ahead of a key policy decision in the US. "European headline shares opened tentatively this m
Read moreDunelm strengthens profit and dividend
13th Sep 2012 07:08
Homewares retailer Dunelm said pre-tax profit climbed a better than expected 15.1 per cent in the 52 weeks to 30 June 2012 and while it remains cautious of the UK consumer environment it is confident in the future prospects of the business. The out-of-town retailer, which opened 14 new superstores
Read moreThursday broker round-up - UPDATE
6th Sep 2012 09:00
Abcam: Canaccord Genuity keeps hold rating and 370p target. AG Barr: Societe Generale upgrades ot hold, target lifted from 370p to 440p. ASOS: Nomura ups target from 1,660p to 1,700p, neutral rating kept. Barclays: Credit Suisse downgrades to neutral, target cut from 215p to 200p. BG Group: Gold
Read moreBroker snap: UBS upgrades Home Retail to 'buy'
5th Sep 2012 11:16
UBS has added Home Retail to its list of top picks in the UK retail sector, a category which has held up well in recent months. "Since our last sector update in February the sector has performed well vs the local market - despite the weather - with disposable income and intake margins recovering in
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