LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:
Read more(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:
Read more(Sharecast News) - Analysts at Canaccord Genuity raised their target price on electrical retailer AO World from 52.0p to 75.0p on Wednesday after the group's trading update last week led the broker to adjust its FY24-26 estimates.
Read more(Alliance News) - Stock prices in London were higher at midday on Wednesday, despite some nerves centred around the latest US inflation rate reading, out this afternoon.
Read more(Sharecast News) - Shore Capital upgraded AO World on Wednesday to 'buy' from 'hold'.
Read more(Sharecast News) - London's equity markets closed higher on Thursday ahead of the Easter break, despite lingering concerns over the UK's recessionary status in the latter part of last year.
Read more(Alliance News) - Stock prices in London were up at midday on Thursday, shaking off some hawkish words from a US central banker and fresh number reiterating the UK entered a recession at the end of 2023.
Read more(Alliance News) - AO World PLC on Thursday lifted its yearly outlook, with its move to focus on "profit and cash generation" paying off.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
Read more(Sharecast News) - Electrical retailer AO World said on Thursday that FY24 adjusted pre-tax profit was set to be "at least" at the top end of the guided range of £28m to £33m.
Read more(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and Friday and not separately reported by Alliance News:
Read more(Sharecast News) - AO World jumped on Thursday, having announced after the close of markets on Thursday that it had the bought intellectual property rights of mobile phone retailer A1 Comms from administration for £2.2m in cash.
Read moreAO World PLC - Bolton, England-based electrical retailer - Buys certain assets of A1 Comms Ltd, principally the intellectual property rights in and to the websites www.affordablemobiles.co.uk and www.buymobiles.net. The consideration for these assets was GBP2.2 million.
Read moreboohoo Group PLC - Manchester-based online fashion retailer - Frasers Group PLC raises its share holding in boohoo to 21.5% as of Wednesday from 17.2%. Frasers is the Shirebrook, England-based owner of the House of Fraser, Sports Direct and Flannels retail chains. Its holding in its smaller peer first passed the disclosure threshold of 5% in June last year, and it has increased this steadily since. Frasers, founded and still controlled by Mike Ashley, also has stakes in retailers AO World PLC at 23.1%, Asos PLC at 25.0%, and Currys PLC at 11.2%.
Read more(Alliance News) - Equities in London kicked off an abbreviated trading week with gains on Wednesday, on continued US interest rate optimism at the end of 2024.
Read more(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, December 18, after completing its quarterly review.
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