BEST OF THE BROKERS January 11, 2011 BARRATT DEVELOPMENTS Panmure Gordon rates the housebuilder “buy” at a 147p target price as it believes the stock is the lowest-valued in the sector. It says Barratt has improved its operating performance, reduced costs and improved the quality of its offering since 2007, and the broker expects Barratt’s share price to rise to reflect this [...]
Topps Tiles predicts upturn despite seeing profit dive in tough trading June 2, 2010 TOPPS Tiles yesterday posted a ten per cent fall in first-half adjusted pre-tax profit as consumers curbed spending amid the downturn and said it expected trading in the retail sector to remain tough. The company, which sells wood and tile flooring from 309 stores in Britain, said total revenue for the first seven weeks of [...]
Topps Tiles sees revenues dip March 31, 2010 BRITISH retailer Topps Tiles posted a second-quarter fall in underlying sales, blaming a dip in confidence as the general election nears and consumers brace themselves for tax rises and job cuts. “If I cast my mind back to previous elections, they’ve never done us any favours that’s for sure,” Matt Williams, chief executive of the [...]
Trading at Topps starts to pick up July 14, 2010 TOPPS Tiles yesterday said trading picked up in June but not by enough to salvage its quarterly results. The firm, which sells wood and tile flooring from 310 UK stores, said revenues for the 13 weeks to 3 July fell 2.5 per cent compared with an 8.9 per cent drop a year ago. The company [...]
THE TIPSTER June 2, 2010 SINCE Richard Glynn took over the helm of Ladbrokes on 22 April, shares in the bookmaker have dropped over 13 per cent. The technical outlook for Ladbrokes looks challenging because it is trading below its 50, 100 and 200-day moving average, which are all clustered around the 150p area. Downtrend resistance and indicators are all [...]
15m placing as Topps Tiles profits crack November 24, 2009 TILE and wood flooring retailer Topps Tiles yesterday reported a sharp 45 per cent dive in full-year profits and said it is set to raise £15.4m from a share placing to bolster its balance sheet against a possible double-dip recession. The company, which trades from 321 stores, reported that its annual pre-tax profit to 26 [...]
BEST OF THE BROKERS April 5, 2010 VODAFONE Collins Stewart has issued a “sell” recommendation on Vodafone after Ofcom’s mobile termination rate (MTR) proposals to bring down rates. Collins Stewart said that it could have a 20 per cent drag on Vodafone’s UK revenue by 2015. Over the four years Collins Stewart expect it will have a £330m impact on Vodafone profits. [...]
Topps Tiles says green shoots are in sight as sales show signs of stabilising September 23, 2009 TILE and wood flooring retailer Topps Tiles yesterday said its markets were stabilising with sales falling at a slower pace in its second half, adding to hopes the recession may be ending. Topps Tiles – which is seen as a bellwether for DIYspending – said it expected sales at stores open more than a year to [...]
Topps Tiles says green shoots are in sight as sales show signs of stabilising September 23, 2009 TILE and wood flooring retailer Topps Tiles yesterday said its markets were stabilising with sales falling at a slower pace in its second half, adding to hopes the recession may be ending. Topps Tiles – which is seen as a bellwether for DIYspending – said it expected sales at stores open more than a year to [...]
BEST OF THE BROKERS December 20, 2009 FORTH PORTS Investec Securities kept its recommendation for Forth Ports as “buy”. Investec says the ports group should deliver robust business in a challenging economic environment, and praised the group’s resilience, thanks to a high level of contract cover and spread of commodities handled. The target price is 1,500p. ARIGHTMOVE Collins Stewart reiterated its “buy” [...]