(ShareCast News) - HSBC downgraded Debenhams to 'reduce' from 'hold' but nudged the price target up to 55p from 53p, pointing to long-term structural concerns. The bank said a rally in GBPUSD has supported a rebound in wider sector valuations. However, Debenhams is structurally challenged. It noted
Read more(ShareCast News) - Smiths Group's shares gained on Tuesday as JP Morgan Cazenove reiterated an 'overweight' rating and lifted the price target to 1,585p from 1,300p. JP Morgan said the technology company's 2016 financial year ended on a "very positive note", with the trading update on 9 August indic
Read more(ShareCast News) - RBC Capital Markets upgraded Associated British Foods, but downgraded Debenhams and Sports Direct as it took a look at the European general retail sector. "The general retail sector has bounced back from a post-Brexit selloff. However, we still see opportunities to buy stocks like
Read more(ShareCast News) - The High Court of Ireland has approved a restructuring programme for Debenhams Retail Ltd, meaning it will leave examinership in Ireland and 1330 jobs will be saved, a report said. Debenhams Retail Ltd is the Ireland subsidiary of Debenhams. Back in May, KPMG's Kieran Wallace was
Read more(ShareCast News) - The FTSE 250 index was in the red late on Monday as a cabal of resources stocks cancelled out gains from housing related companies. Amid general renewed pressure on commodity prices hitting much of the sector, gold miners were the heaviest weight around the neck of the mid-cap ind
Read moreJuly 7 (Reuters) - Property company British Land said it had exchanged contracts to sell a Debenhams store located in London's West End shopping district to a private investor, a sign that deals were still being struck in a sector gripped with concerns around the impact of Brexit. The sal
Read more(ShareCast News) - A pair of Debenhams directors have dipped into the market as shares in the department store group sank to a seven-year low, while the chief executive of NewRiver Retail has also looked to top up his holdings as the retail property investment group subsided to a 20-month low. Senio
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