London close: Banks, miners lead the rebound
11th Apr 2012 16:43
- Spanish, Italian yields fall on ECB intervention speculation - Barclays leads banks higher after upgrade - UK retail sales values rise in March London's FTSE 100 index finished Wednesday's session strongly following a steep fall yesterday, as investors saw opportunity to build positions in two he
Read moreFTSE 250 Movers: Michael Page Intl leading the fallers
11th Apr 2012 13:53
Recruitment firm Michael Page International was providing a drag on the FTSE 250 index after admitting that its "markets continue to be weak and visibility remains limited." Nevertheless, gross profit in the first quarter of 2012 grew by 6.9%, up 7.7% on a constant currency basis. Meanwhile, Dunel
Read moreLondon midday: Risk appetite increases as banks, miners advance
11th Apr 2012 12:08
- Footsie back above 5,600 after sell-off - Banks, miners among best performers on Footsie - Michael Page unwanted on FTSE 250 After a tentative start, the Footsie was firmly higher by lunchtime on Wednesday, rebounding after yesterday's mass sell-off on the back of worries over the US jobs market
Read moreWednesday broker round-up - UPDATE
11th Apr 2012 09:36
Barclays: Investec upgrades from hold to buy. Centamin Egypt: Nomura cuts target from 120p to 100p, neutral rating retained. Dignity: Peel Hunt reiterates hold rating and 800p target. Dunelm Group: Investec lifts target from 450p to 500p, hold rating kept; Panmure Gordon keeps buy rating and 600
Read moreLondon open: Cautious start after yesterday's sell-off
11th Apr 2012 08:27
- Miners rebound after steep losses yesterday - Eyes on Spanish yields as industrial output slips - BT falls after downgrade The Footsie swung between gains and losses on Wednesday morning after closing at a four-month low the day before. The blue chip index lost 2.24 per cent on Tuesday to finish
Read moreBrokers keep the faith with Dunelm
11th Apr 2012 07:19
After a decent start to the year things got tougher in February and March at home-ware retailer Dunelm, with like-for-like (LFL) sales growth slowing during the quarter. Total sales in the first quarter of 2012 came in at £154.1m, giving total sales growth over the equivalent period of 2011 of 10.7
Read moreWeek Ahead: Recruitment firms, Dunelm
6th Apr 2012 13:09
In another week shortened by the Easter break, recruitment firms will be in the spotlight with both Michael Page and Hays giving updates. On the consumer front, cash-strapped pubs group Punch Taverns is set to release interim results on Thursday while Mothercare, the toddlers-and-baby goods seller,
Read moreTuesday tips round-up: Catlin, Bovis, Barratt...
13th Mar 2012 06:59
Insurance firm Catlin has had a pretty tough year according to Questor in the Telegraph. Its "combined ratio"of 102.6% is not good news as the metric is a measure of profitability for insurers, with anything above 100% implying losses from the core underwriting business. But Questor thinks if Catl
Read moreAnother director dealing for Dunelm; AZ Electronic tech officer makes sale
8th Mar 2012 15:35
Donna Wharton, wife of Nick Wharton, the Chief Executive of homewares firm Dunelm, has topped up her stake in the company with 9,500 shares. Wharton's purchase, which saw her buy the shares at 480.00p each for a total of £45,600, came just a day after Will Adderley, Executive Deputy Chairman, anno
Read moreDunelm director shows commitment to firm with share purchase
6th Mar 2012 15:48
Newly appointed director at Dunelm Matt Davies has underlined his loyalty to the homewares firm with the purchase of 4,500 shares. Davies, who joined the firm early last month, bought the shares for 499p each for a total of £22,455. Davies joined the firm after resigning from his job as head of
Read moreThe Adderleys offload 7.5m shares in Dunelm - UPDATE
5th Mar 2012 18:18
Will Adderley, the Executive Deputy Chairman of Dunelm, and his wife Nadine have reduced their equity interest in the homewares retailer, after selling off a big chunk of its stake. Following an earlier announcement that the couple intended to off-load a total of 5m shares, Dunelm confirmed that Wi
Read moreFTSE 250 movers: Misys leaps on offer plans
5th Mar 2012 15:34
Misys was the biggest riser after its largest shareholder ValueAct Capital Master Fund has teamed up with CVC Capital Partners in preparation to make a joint cash offer for the financial software provider. Heritage Oil was a big faller after it was hit by delays to its operations in the Kurdistan
Read moreLondon midday: China, Eurozone worries weigh on stocks
5th Mar 2012 11:49
- China cuts 2012 GDP target to 7.5%. - Eurozone/UK services PMIs disappoint. - German DSW recommends rejecting PSI deal. Stocks continued to fall by lunchtime on Monday, as the combination of disappointing economic data from the UK and Eurozone and some conservative growth forecasts from China wei
Read moreDunelm hit by Adderley cannonball
5th Mar 2012 09:26
Will Adderley, Executive Deputy Chairman of Dunelm and the son of the founder of the company, plans to cash in a big chunk of his shares in the bedding and curtains retailer. Adderley and his wife, Nadine, are offloading around 5m shares, representing about 2.5% of the issued share capital of Dunel
Read moreMonday broker round-up - UPDATE
5th Mar 2012 09:03
Weir: Citi cuts to sell from neutral, shaves target to 1,850p from 1,950p. Morrison: Oriel downgrades to sell from reduce. Tesco: Oriel downgrades to reduce from hold. Sainsbury: Oriel downgrades to hold from add. Serco: Bank of America downgrades to neutral from buy. Afren: Credit Suisse rais
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