Wednesday preview: BHP Billiton, Reckitt, Dunelm ...
7th Feb 2012 15:56
The market will be distracted on Wednesday from the teething pains of the creation of a new mining giant (Glencore Xstrata International) by the results from a mining conglomerate created in a merger from a different era, BHP Billiton. The broking community thinks the figures covering the second ha
Read moreMonday broker round-up - UPDATE
6th Feb 2012 09:12
Supergroup: Oriel Securities upgrades to buy from hold. Glencore: Jefferies ups target from 525p to 575p, confirms buy rating; Credit Suisse maintains outperform rating and 550p target. Royal Dutch Shell: Credit Suisse downgrades from outperform to neutral, cuts target from 2,750p to 2,600p. Xst
Read moreThursday broker round-up - UPDATE
26th Jan 2012 09:34
Misys: Panmure Gordon cuts target from 335p to 295p, hold rating unchanged; Peel Hunt puts 250p target under review, hold rating kept; Merchant Securities initiates coverage with sell rating and 220p target. Mitchells & Butlers: Panmure Gordon keeps hold and 240p target; Peel Hunt retains hold rati
Read moreTuesday broker round-up - UPDATE
10th Jan 2012 09:15
Cairn Energy: Oriel upgrades to add from hold. Tesco: Bank of America Merrill Lynch downgrades to neutral from buy. Marks & Spencer: Panmure Gordon reiterates hold and 307p target; Peel Hunt maintains hold and 350p target. Barclays: UBS cuts target from 215p to 199p, neutral rating unchanged. R
Read moreDunelm half year revenue up 8.8%
10th Jan 2012 07:41
Out-of-town homewares retailer Dunelm saw like-for-like (LFL) sales for the half year ended 31 December grow by 1.1%, contributing to an 8.8% rise in total revenue for the period. The group anticipates that pre-tax profit for the half year will be up from £48.5m to £52m on a LFL basis, but said fi
Read moreLondon close: Footsie finishes flat on euro concerns
6th Dec 2011 16:53
The Footsie finished flat on Tuesday, as some worrying comments on the Eurozone by ratings agency Standard & Poor's continued to weigh on sentiment. The index traded within a narrow range of just 51 points today, with investors likely to stay cautious ahead of a pivotal EU summit scheduled at the e
Read moreSector movers: Retailers sold off after gloomy data
6th Dec 2011 16:15
Retailers were the worst performers of the day on Tuesday, falling an average 2.4% after some gloomy comments from the British Retail Consortium (BRC). Consumers are keeping "a tight rein on their spending, despite Christmas being so near", the BRC said today. Total sales were up 0.7%, against a 2
Read moreFTSE 250 Movers: Electra soars on NAV rise
6th Dec 2011 14:23
Electra Private Equity, the investment trust that invests in private equity ventures, was the biggest riser after it saw an 8.5% rise in net asset value (NAV) per share after a strong portfolio performance during the year ended 30 September. Vehicle hire firm Northgate was also on the rise after it
Read moreSalamander chief executive buys into weakness
14th Oct 2011 17:36
Salamander Energy founder and chief executive James Menzies has spent £41,000 on shares in the south-east Asia-focused oil and gas group. He bought 20,000 shares at 205p a pop. Menzies may have been tempted by the fall in Salamander's share price since he last opened his wallet, buying the same nu
Read moreLondon close: Footsie jumps over 3% to finish above 5,100
5th Oct 2011 16:37
The Footsie finished near its intraday highs, as it jumped back towards the 5,100 level, after a modest start on Wall Street. Global sentiment was lifted last night after on the back of comments from the European commissioner for economic and monetary affairs. In an interview with the Financial Ti
Read moreLondon midday: Retailers in focus, markets shrug off Italian downgrade
5th Oct 2011 12:09
Outweighing concerns over Italy's credit rating were hopes that the Europe will strengthen its struggling banks as stock markets across the continent extended their gains at lunchtime on Wednesday. In London, the Footsie was trading well over 2% higher, following on from a dramatic rally on Wall St
Read moreBroker tips: SuperGroup, Dunelm, BTG
5th Oct 2011 10:11
After Wednesday's admission by trendy fashion retailer SuperGroup that its having problems with new warehouse systems, Peel Hunt has downgraded the stock from buy to hold and placed its 1,800p target price under review. The group announced that a major problem at its new Barnwood warehouse in Glouc
Read moreBroker snap: Nomura impressed with Dunelm's store growth
5th Oct 2011 09:58
Nomura has kept its buy rating and 530p target price on homewares retailer Dunelm, saying that despite weakness in the macro environment, the firm's space growth strategy on track. Dunelm reported on Wednesday that first quarter sales had fallen 2% on a like-for-like (LFL) basis, in line with the B
Read moreUPDATE: Wednesday broker round-up
5th Oct 2011 09:12
Sainsbury: H2O Markets downgrades to hold. Tesco: Baadar Bank confirms buy rating and 500p target. Kingfisher: Investec keeps hold and 245p target. Wood Group: Investec places target under review, hold recommendation maintained. SuperGroup: Peel Hunt downgrades from buy to hold, target put unde
Read moreNew stores help sales at Dunelm
5th Oct 2011 08:10
Out-of-town homewares retailer Dunelm saw like-for-like sales fall by 2% in the first quarter, but a 7.3% contribution from new space drove total sales up by 5.3%. Total sales were £133.4m in the 13 weeks ended 1 October, up from £126.7m the year before. "Despite the challenges provided by the UK
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