Broker snap: Singer not fazed by Dunelm founder's stake sale
7th Oct 2009 13:05
Bill Adderley, the founder and life president of Dunelm has reduced his holding in the company by 7.8% but Singer Capital Markets argues that the secondary placing of Adderley's shares will improve liquidity in the home furnishing company's shares. 'Prior to this announcement, the free float of Dun
Read moreSmall caps round-up: Printing.com, Medgenics, Dunelm...
7th Oct 2009 08:18
Printing.com, which prints greetings cards, leaflets, flyers and other items, saw an upturn in trading in September though this was below the level of that of the same month the previous year. AIM listed Medgenics has raised £0.265m through a placing of common shares at 6p each. The company, which
Read moreBroker tips: Supermarkets, Inchcape, Dunelm
2nd Oct 2009 13:14
Food price deflation is about to put a dent in the earnings of the major UK supermarkets if the experience of their US counterparts is anything to go by, reckons Citigroup. The US bank has slapped sell recommendations on Tesco, Sainsbury and Morrisons. Citi said high hopes at the beginning of the y
Read moreBroker snap: Dunelm has room to grow
2nd Oct 2009 13:12
Dunelm, the home furnishings retailer, is not widely known inside the M25 area of London which gives it plenty of scope for expansion, reckons Singer Capital Markets. The out-of-town retailer has just 85 stores across the UK with many regions unrepresented. The chance to move into new areas without
Read moreFTSE 250 movers: Dunelm gives back gains
16th Sep 2009 12:32
Shares in Dunelm Group give back some of the strong gains they posted yesterday when the homewares retailer said it had seen a big rise in sales in the early part of the new financial year. Carpet group Carpetright is also lower, adding to recent losses. Weir Group is lower after the engineer anno
Read moreLondon close: Stocks gain on economic cheer
15th Sep 2009 16:40
Footsie put further distance between itself and the 5,000 point mark as the global economic outlook brightened. The US recession is 'very likely' to have ended, Federal Reserve chairman Ben Bernanke said. Here, the UK Consumer Prices Index in August showed an annual increase of 1.6%, the lowest si
Read moreLondon afternoon: Weak retailers out of step
15th Sep 2009 14:18
Leading shares are consolidating the morning's gains, though retailers decline to join the party. Confusion and speculation surrounds the acquisition and fund raising intentions of general insurer RSA. Reports in today's FT suggest RSA indicated at a recent investors conference that it was looking
Read moreComment: Dunelm celebrates 30 years in style
15th Sep 2009 12:43
Dunelm calls itself the UK's leading specialist out of town homewares retailer, and who would argue with it after today's strong full-year results and impressive start to the new financial year. Pre-tax profit for the 53 weeks to 4 July 2009 jumped 9% to £53.5m and by 6.8% to £52.5m on a comparable
Read moreLondon midday: RSA's bid plans unclear
15th Sep 2009 12:11
After a quiet but tospy-turvy session the blue-chip index ended the morning in positive territory, despite the UK inflation picture not improving as much in August as expected. The UK Consumer Prices Index in August showed an annual increase of 1.6%, the lowest since level since February 2005 and do
Read moreLondon open: Flat start to anniversary day
15th Sep 2009 08:48
London has made a quiet start as the anniversary of the collapse of Lehman Brothers sparks widespread reflection on what happened, is the crisis over? and what can be done to stop it occuring again. Trading so far is quiet with little significant company news to switch the attention away from the
Read moreLondon pre-open: Early rise likely
15th Sep 2009 07:34
Last night's spirited fightback on Wall Street following President Obama's speech on financial reform looks like getting London off to a good start this morning. Traders reacted warmly to the President's speech in which he said there could be no return to the days of reckless risk-taking. He also s
Read moreDunelm boasts strong start to year
15th Sep 2009 07:04
Specialist homewares retailer Dunelm has reported full-year profit bang in line with expectations and said it is 'very pleased' with a big rise in sales at the start of its new financial year. Pre-tax profit for the 53 weeks to 4 July 2009 jumped 9% to £53.5m and by 6.8% to £52.5m on a comparable 5
Read moreTuesday preview: Debenhams, House Prices, Inflation
14th Sep 2009 15:49
Shares in high flying department store Debenhams have almost doubled over the last year but have been trending lower since May, suggesting that the market is becoming harder to please, especially in the wake of the lukewarm response to the company's fund raising. The company will have its work cu
Read moreTuesday tips round-up: Dunelm, Cranswick, LMS Capital
14th Jul 2009 06:43
Dunelm Group's share price performance over the last year is almost a mirror image of that of most retailers. The out-of-town homeware group has seen its stock gain 80% in the last 12 months as a series of upbeat trading updates and results have made the group the belle of the retail sector. Numbe
Read moreLondon close: Bright finish for FTSE 100
13th Jul 2009 16:26
Footsie put a sluggish start behind it to finish with good gains, helped by a strong showing on Wall Street. Friends Provident was the best performer after Clive Cowdery's new vehicle, Resolution , said it has received "constructive feedback" from the board of Friends over its merger approach and i
Read more