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FTSE 250 movers: Marshalls gains on interims, Debenhams slumps on downgrade

Fri, 28th Aug 2015 14:36

(ShareCast News) - London's FTSE 250 was a touch higher on Friday and by 1445 BST, was trading up 0.2% at 16,952.75, with investors mostly keeping to the sidelines at the end of what's been a pretty turbulent week.Marshalls was the standout gainer after the paving slabs specialist posted a strong set of interim results. Revenues were up 11% from the same period last year at £199.1m versus roughly 5% growth in underlying markets, indicating a strong level of market share won so far this year as the group invested in new products and overseas growth.Computacenter was also on the front foot after reporting a jump in first-half pre-tax profit and saying it expects its performance for the year to be slightly ahead of original expectations. For the six months ended 30 June, adjusted pre-tax profit rose 13.7% from the same period last year to £29.1m as it benefited from a gain of £42.2m from the sale of its RD Trading recycling business in February.Industrial components manufacturer Rotork gained after announcing that it has struck a £125m deal to buy Manchester-based Bifold Group, which makes pneumatic and hydraulic instrument valves. Rotork boss Peter France emphasised that the purchase would strengthen his company´s position in the flow-control sector and broaden its product portfolio.On the downside, broker notes weighed on Debenhams and Go-Ahead.UBS downgraded Debenhams to 'sell' from 'neutral' and cut its price target to 70p from 90p. The Swiss bank said its 'Evidence Lab' survey suggests customer intention to purchase in the next 12 months has seen the most significant decline among peers. "Shopping intentions for Debenhams are at the low end of both clothing and homewares retail and the company scores below the sector average for retailers with regard to low prices and good value."Meanwhile, JPMorgan Cazenove downgraded travel operator Go-Ahead and cut its price target to 2,768p from 2,879p. "We continue to believe that Go-Ahead is well positioned over the long term, but ahead of next week's prelims we reduce our rating to 'neutral' from 'overweight' due to potential risks to FY16E earnings, specifically from rail and the GTR franchise."Shares in luxury accessories group Jimmy Choo fell. Although the company said interim pre-tax profit increased to £20.3m from £1.3m, analysts were disappointed by the core earnings, which rose just 0.5% to £27.7m.RisersMarshalls (MSLH) 335.00p +5.85%Tullow Oil (TLW) 215.50p +5.43%Lonmin (LMI) 34.68p +5.00%Allied Minds (ALM) 480.00p +4.87%Pennon Group (PNN) 761.00p +4.18%Grafton Group Units (GFTU) 737.00p +2.65%Computacenter (CCC) 760.00p +2.63%Amec Foster Wheeler (AMFW) 783.50p +2.62%Foxtons Group (FOXT) 237.20p +2.60%Rotork (ROR) 205.60p +2.59% FallersDebenhams (DEB) 75.45p -7.42%Go-Ahead Group (GOG) 2,512.00p -2.60%Evraz (EVR) 77.10p -2.41%Lookers (LOOK) 159.30p -2.39%Restaurant Group (RTN) 664.00p -2.14%Jimmy Choo (CHOO) 163.40p -1.92%Spire Healthcare Group (SPI) 350.20p -1.90%Wizz Air Holdings (WIZZ) 1,810.00p -1.90%Marston's (MARS) 150.30p -1.89%Genesis Emerging Markets Fund Ltd Ptg NPV (GSS) 441.50p -1.89%
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11 Jan 2017 09:36

BROKER RATINGS SUMMARY: Morgan Stanley Upgrades BT To Overweight

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21 Nov 2016 19:55

Monday broker round-up

(ShareCast News) - Randgold Resources: UBS reiterates buy with a target price of 9750p. AA: Goldman Sachs reiterates buy with a 370p target. Jimmy Choo: Barclays stays at equal-weight with a 140p target. Esure: Barclays reiterates overweight with a 247p target. Easyjet: UBS keeps at buy with a 11

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18 Nov 2016 07:41

Jimmy Choo revenue grows, on track for full year

(ShareCast News) - Luxury retailer Jimmy Choo reported revenue growth for the second half on Friday and said it was on track to deliver full-year underlying profits in line with expectations. In an update on trading since the end of June, the company said it was seeing revenue growth despite the con

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9 Oct 2016 16:22

Sunday share tips: Provident Financial, Jimmy Choo

(ShareCast News) - The top brass at Provident Financial did nicely for themselves in the wake of Brexit, picking up stock in the doorstep lender on the cheap. Chief Peter Crook, Vanquis bank president Chris Sweeney and corporate affairs boss Nick Boakes bought into the shares after they lost 26% of

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23 Sep 2016 09:39

Broker tips: Persimmon, Jimmy Choo, ASOS

(ShareCast News) - Housebuilder Persimmon and its peers got a boost on Friday as Liberum upgraded the stock to 'buy' from 'hold' and lifted price targets across the sector as it took a more positive view. "We have upgraded estimates across our coverage as 2016 trading is much better than we feared i

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23 Sep 2016 08:44

BofA ML upgrades Jimmy Choo to 'buy'

(ShareCast News) - Jimmy Choo got a boost on Friday as Bank of America Merrill Lynch upped the stock to 'buy' from 'neutral' and lifted the price target to 150p from 130p. It pointed out that although the stock offers the highest estimated earnings growth in the luxury sector, it trades at a 30% dis

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13 Sep 2016 06:53

Tuesday newspaper round-up: Jobs boost, Brainard caution, recovery 'mirage'

(ShareCast News) - Britain's employers have refused to panic following the referendum vote, but new jobs are likely to become increasingly scarce as concerns over Brexit talks undermine business confidence. Recruitment agency Manpower said that, on the surface, the EU referendum had done little to d

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9 Sep 2016 08:53

RBC reiterates 'outperform' rating, lifts target price on Jimmy Choo

(ShareCast News) - RBC Capital Markets reiterated an 'outperform' rating on Jimmy Choo and raised its target price to 160p from 150p as the broker upgraded its earnings forecasts on the luxury shoe maker. Following Jimmy Choo's first half results on 25 August, RBC believes there are two positive cha

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9 Sep 2016 08:31

BROKER RATINGS SUMMARY: Goldman Takes Centrica And Burberry Off List

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8 Sep 2016 16:41

Director dealings: Jimmy Choo CEO takes some profits

(ShareCast News) - Jimmy Choo chief executive Pierre Denis sold £400,000 worth of shares in the shoe maker a few days after interim results sent the shares strutting to their highest level since late April. Denis, who has been CEO since July 2012, sold 100,000 shares at a price of 125.625p apiece, t

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7 Sep 2016 10:31

Wednesday broker round-up

(ShareCast News) - Centrica: Goldman Sachs downgrades to sell with a target price of 213p. Ashmore: Barclays maintains underweight with a 270p target. Aviva: UBS upgrades to buy with a 505p target. Polymetal: Berenberg reiterates buy with a 1200p target. SSE: Goldman Sachs keeps at neutral with a

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2 Sep 2016 16:10

DIRECTOR DEALINGS SUMMARY: Jimmy Choo Non-Executive Buys Shares

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30 Aug 2016 16:24

Directors dealings: Jimmy Choo boss picks up more stock

(ShareCast News) - Jimmy Choo boss Pierre Denis added to his stake in the luxury shoe and fashion accessories-manufacturer after excercising an option worth a total nominal consideration of £1.0m. Dennis excercised options over 439,801 shares of 100p each, while simultaneously selling 206,740 shares

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25 Aug 2016 08:48

Jimmy Choo first half boosted by Asia, men's offering

(ShareCast News) - Luxury shoe retailer Jimmy Choo reported a jump in revenue and operating profit for the first six months of the year thanks to strong growth in Asia and a good performance from the men's category. For the six months to the end of June, revenue was up 9.2% at reported currency to £

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25 Aug 2016 06:44

Jimmy Choo Profit Hit By Finance Costs, But Revenue Rises

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