** British retailer Marks and Spencer Group falls 3.3%, one of the top FTSE 100 losers, after Investec downgrades to "hold" from "buy" ahead of Q1 trading update on July 7 ** Investec rated at five stars for recommendation accuracy on M&S, per StarMine ** Broker cites uncertainty over
Read more(ShareCast News) - Goldman Sachs cuts its target prices on General Retailers in the UK on expectations for lower non-food retail spending in 2017, to reflect movements in foreign exchange rates and on the basis of a now higher estimated UK equity risk premium. Combined, those three factors drove an
Read more* M&S, Next, Sports Direct see record intra-day falls * Supermarkets also hammered * Hurt by sterling weakness, prospect of economic slowdown By James Davey LONDON, June 24 (Reuters) - Shares in British retailers were hammered on Friday as the country's decision to quit th
Read more(ShareCast News) - Analysts at Berenberg pared their earnings estimates for BAE Systems, while highlighting the risk that the debate surrounding the UK's maritime defence budget might drive negative sentiment in the backhalf of 2016, which led them to downgrade their recommendation. The June Defence
Read more(ShareCast News) - Debenhams was making progress with its strategy to diversify its product range and manage its stock better, but a challenging clothing market meant the company's shares should be avoided, according to The Times' Tempus. Tempus said the department store-operator was successfully
Read more(ShareCast News) - Ascential: Goldman Sachs reiterates buy with a target price of 278p. Sophos: UBS keeps at buy with a 300p target. SSP Group: JP Morgan keeps at overweight with a target price of 335p. Vodafone: HSBC upgrades to buy with a target of 175p. Bae Systems: Berenberg downgrades to hol
Read more(ShareCast News) - Goldman Sachs lowered its near and medium-term earnings forecasts and target price for department store-operator Debenhams. Pointing to the likelihood of declines in the company's like-for-like sales and pressure on gross margins as a result of foreign exchange headwinds in fiscal
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