UK SMALLCAP ROUNDUP:Paperchase Sold To Private Equity For $31M
13th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps BORDERS GROUP INC. (BGP), a U.S. bookseller, said Tuesday it has agreed to sell U.K. stationary firm Paperchase Products Ltd to private equity firm Prima
Read moreLondon afternoon: Good start to US results season lifts UK
13th Jul 2010 14:30
Footsie has risen steadily throughout the day, riding a wave of optimism after aluminium giant Alcoa got the second quarter results season in the US off to a strong start, while Merrill Lynch further aided sentiment by talking down the chances of the global economy experiencing a double-dip recessio
Read moreFTSE 250 movers: Dunelm in demand
13th Jul 2010 12:40
Shares in Dunelm are in demand after the home furnishings retailer said it should beat full-year profit forecasts despite a drop in like-for-like sales during the fourth quarter. Like-for-like sales grew 8% in the year to 3 July following a marked slowdown during the last six months to just 0.8% fr
Read moreUK SMALLCAP ROUNDUP: BGlobal Eyes Profitable FY11
13th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps BGLOBAL PLC (BGBL.LN), a metering services company, Tuesday said it expects to move into profit for fiscal 2011 following a first quarter in the black, a
Read moreLondon midday: Stocks kick on as inflation eases
13th Jul 2010 12:16
Inflation figures gave the London stock market a boost this morning and the Footsie ended the session close to its highest level for the day. Consumer price inflation (CPI) eased towards the Bank of England's target level of 2% in the year to June. helped by lower petrol prices. CPI annual inflati
Read moreUPDATE: Dunelm Cautious On FY11 Amid Tax Rises, Spend Cuts
13th Jul 2010 11:37
(Adds analysts' comments, detail.) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. homeware retailer Dunelm Group PLC (DNLM.LN) Tuesday said trading in fiscal 2011 is expected to be much tougher on year, even though it ended the last fiscal strongly and expects to top
Read moreUK SMALLCAP ROUNDUP: African Minerals Gets $1.5B For Tonkolili
13th Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps AFRICAN MINERALS LTD. (AMI.LN), an iron ore miner focused on Sierra Leone, Tuesday said it agreed a $1.5 billion investment in its Tonkolili project from
Read moreLondon open: Steady start for blue chips
13th Jul 2010 08:51
Footsie has made a healthy start with another good news day for BP helping the oil giant recover further. BP shares are up another 4% so far this morning on hopes it is near to stemming the flow of oil spilling into the Gulf of Mexico. A new 75-tonne steel cap was lowered over the damaged well lat
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
13th Jul 2010 08:04
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0704 GMT [Dow Jones] Dunelm (DNLM.LN) has delivered better-than-expected final trading results, says a trader. The trader sa
Read moreMARKET TALK: Dunelm Results Better Than Expected - Trader
13th Jul 2010 08:04
0704 GMT [Dow Jones] Dunelm (DNLM.LN) has delivered better-than-expected final trading results, says a trader. The trader says combined with stronger gross margin performance, this will lead to an increase in consensus pretax profit estimates to GBP76M-GBP77M from just under GBP74M. Additionally, y
Read moreMARKET TALK: Dunelm FY Sales In Line - KBC
13th Jul 2010 07:44
0644 GMT [Dow Jones] Dunelm's (DNLM.LN) trading update shows full year like-for-like sales up 8%, in keeping with KBC's 7.5% forecast, the brokerage says. Says with the group trading from 94 superstores against an initial UK target of 150-200 stores, there remains significant growth to come. Adds th
Read moreDunelm profit to top forecasts
13th Jul 2010 07:36
Home furnishings retailer Dunelm should beat full-year profit forecasts despite a drop in like for like (LFL) during the fourth quarter. LFL sales grew 8% in the year to 3 July following a marked slowdown during the last six months to just 0.8% from 15.4% during the first half. They actually fell 1
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
13th Jul 2010 07:30
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0630 GMT [Dow Jones] Dunelm's (DNLM.LN) trading update is reassuring, says Arden Partners. Says 4Q sales are not as bad as fe
Read moreMARKET TALK: Dunelm Update Reassuring - Arden
13th Jul 2010 07:30
0630 GMT [Dow Jones] Dunelm's (DNLM.LN) trading update is reassuring, says Arden Partners. Says 4Q sales are not as bad as feared. Notes a small upgrade to consensus and says it will be raising its pretax profit estimate for '10 to GBP76M from GBP73.5M. Reiterates add rating and 390p price target on
Read moreDunelm LFL Sales Growth Slows In 2H; Op Pft Seen Beating View
13th Jul 2010 07:28
LONDON (Dow Jones)--U.K. homeware retailer Dunelm Group PLC (DNLM.LN) Tuesday said comparable sales growth slowed in its second half, and was marginally negative in the final ten weeks of the fiscal, although it expects full-year operating profit to be slightly higher than market expectations. A
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