(ShareCast News) - Investec downgraded Debenhams to 'sell' from 'hold' and trimmed the price target to 67p from 70p amid expectations of little profit over the medium term. The brokerage said new chief executive does not change the fact there are structural challenges at the company. "With cost pre
Read more** Investec analysts point to 5 key issues - weaker consumer demand, sterling weakness, labour cost pressure, change in trade terms, and the basis on which investment decisions are made ** But none of these issue are new to the UK retail industry, which the analysts see as better placed tha
Read more(ShareCast News) - Petrofac: Jefferies upgrades buy with a target price of 855p, JP Morgan reiterates overweight with a target of 944p and Citigroup stays at buy. Merlin Entertaiments: Panmure Gordon reiterates buy with a target price of 480 and Shore Capital stays at hold. Wentworth Resources: Inv
Read more(ShareCast News) - Tumbling Middle East stock markets in the wake of the lifting of Iran's economic sanctions have set the scene for another white-knuckle ride on the FTSE 100 in the coming week. The possibility of a new wave of oil flowing from Iran oil onto an already saturated markets sent all se
Read more(ShareCast News) - Debenhams' chief financial officer is backing the company after a solid set of Christmas results. On Friday, Matt Smith purchased 25,000 for just over £19,000, taking the total number of shares he has an interest in to 53,000, a 0.004% stake. It followed solid Christmas trading w
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