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Sunday share tips: Provident Financial, Jimmy Choo

Sun, 09th Oct 2016 16:22

(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 their value in the two days following the referendum vote.Since then, the stock has recovered to trade well above its level from before Brexit.Confidence is not sky high, as the drop in sterling to 31-year lows reveals, but the shares may yet prove a good place to stash some cash, The Sunday Times´s Danny Fortson said.Unlike some of its rivals, Provident Financial finances itself via its deposits - from people with riskier credit histories - instead of through wholesale debt markets, which are prone to seizing-up.That business model means that a downturn can in fact lead to a boost in profits, because its losses are front-loaded.A crisis may also lead some banks to pull in their horns, leaving the field wide open for firms such as Provident."Buy", Fortson said. Jimmy Choo is one of the luxuruy brands that is continuing to grow while others falter and the weakening pound can only add to its allure, the Mail on Sunday´s Midas column said.Sales Stateside have been mixed in the past year, but in Asia they are booming and the company is moving into segments of the market, such as handbags and accessories as well as men´s shoes."The underlying business looks sound. The foreign exchange effect makes this look like a very promising investment," Midas said, so 'buy'.
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FTSE 250 movers: Ibstock retreats as Pets at Home accelerates

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10 May 2016 10:27

Retail sales fall in April as cold hits footwear and fashion, says BRC-KPMG

(ShareCast News) - British retail sales in April fell on a like-for-like basis compared to last year, with non-food sales outweighing positive food sales. The monthly Retail Sales Monitor (RSM) from the British Retail Consortium (BRC) and KPMG showed total sales were flat for a second month in a row

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22 Mar 2016 10:39

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22 Mar 2016 07:59

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22 Mar 2016 07:33

London pre-open: Stocks seen flat as investors eye inflation data

(ShareCast News) - London stocks are set to open flat on Tuesday as investors look to the release of UK inflation figures. The FTSE 100 is seen starting unchanged from Monday's close at 6,184. On the data calendar, UK CPI and RPI are at 0930 GMT, along with PPI and public finances. Oanda's Craig

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22 Mar 2016 07:15

Demand in Asia drives Jimmy Choo growth

(ShareCast News) - Revenue and earnings were up thanks to strong demand for the luxury wares of Jimmy Choo in 2015, particularly in Asia and Japan, with the firm reporting revenue growth of 7.2% at constant currencies on Tuesday. The FTSE 250 company's consolidated net income increased £30.2m into t

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