BEST OF THE BROKERS December 13, 2010 GAME GROUP Brewin Dolphin had started covering the retailer with a “buy” rating and a three-month target price of 80p. The broker believes the stock is a strong candidate for active traders due to its volatility, and notes the firm’s market outperformance as mentioned in last week’s trading update. It looks forward to Game’s post-Christmas [...]
Delia fattens Waitrose with cake November 22, 2010 Waitrose grocery sales rose four per cent in the 12 weeks to October 31 – lifted by swift sales of Delia Smith’s ready-to-make Christmas cake kit. The UK cook has in the past caused a run on ingredients like eggs, stout and goose fat, after championing them in her recipes. Earlier this year Waitrose ran [...]
Peacocks ready to sell after bumper Christmas May 16, 2010 FASHION retailer Peacocks may cash in on its storming run of form with a sale that could value the business at £600m. The budget store has seen sales rocket as customers flocked to it during the recession. Now shareholders are understood to be keen on a quick sale, with the private equity arm of Goldman [...]
THE TIPSTER January 5, 2011 After hitting 28-month highs earlier this week, the Dow Jones Industrial Average fell back slightly on Tuesday to lows of 11,636.88 in intra-day trading. However, yesterday’s rally showed traders are positive about the index, which has rallied hard since trading below 10,000 as recently as 31 August. With analysts predicting a positive year ahead, traders [...]
Oil majors curb the FTSE 100 despite solid corporate news February 3, 2011 BRITAIN’S top share index fell yesterday, hurt by Royal Dutch Shell as the oil major’s results were met with disappointment, while drugmaker GlaxoSmithKline rose after it decided to push ahead with a buyback programme. The FTSE 100 shed 16.73 points, or 0.3 per cent, to 5,983.34, after closing 0.7 per cent higher on Wednesday. The [...]
Weather woes likely to deplete Barmy Army at MCG December 22, 2010 ENGLAND supporters fear their numbers will be depleted for the potentially decisive fourth Ashes Test as snow chaos prevents fans from flying out to Australia. A record crowd of more than 90,000 is anticipated for the match in Melbourne, which begins on Boxing Day and could see England retain the urn with victory. But the [...]
SuperGroup sees profit soar by 69pc December 15, 2010 SuperGroup, which owns the Superdry fashion brand, posted a 69 per cent rise in first-half profit and said the early signs of Christmas trading were “very encouraging”. “The autumn/winter collection has been well received by our customers in the UK and overseas, and our owned and franchised retail expansion is progressing as planned,” the firm [...]
Carpetright in profit blow as sales tumble December 14, 2010 CARPETRIGHT, the country’s biggest floor coverings retailer, said the outlook for 2011 looked poor as sluggish mortgage approvals meant housing market activity was unlikely to pick up quickly. British mortgage approvals, which are a key lead indicator for Carpetright, fell to 30,766 in October, their lowest monthly level in more than one and a half [...]
City stars brawl ahead of Arsenal trip January 4, 2011 FRESH cracks have broken out in Manchester City’s mutinous squad ahead of tonight’s crunch visit to Arsenal after team-mates Kolo Toure and Emmanuel Adebayor brawled during training. Yesterday’s skirmish appeared to be sparked by Adebayor’s reaction to a tackle from Toure and had to be broken up by concerned team-mates including Patrick Vieira and Vincent [...]
City stars brawl ahead of Arsenal trip January 4, 2011 FRESH cracks have broken out in Manchester City’s mutinous squad ahead of tonight’s crunch visit to Arsenal after team-mates Kolo Toure and Emmanuel Adebayor brawled during training. Yesterday’s skirmish appeared to be sparked by Adebayor’s reaction to a tackle from Toure and had to be broken up by concerned team-mates including Patrick Vieira and Vincent [...]