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By Neil Maidment LONDON, Feb 7 (Reuters) - While bulging store estates are being blamed for the death of many British firms in a new digital age, Topps Tiles is adding outlets as it targets greater market share in its niche retail sector. The UK tile and flooring firm expects to open
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Kingfisher, the DIY retailer which operates the B&Q and Screwfix chains, has put its Irish division into the 'Examinership Process' as it attempts to save the loss-making arm. B&Q is Britain's number-one garden centre chain with around 350 stores and 21,000 employees; it is nearly twice the size of
Read moreSeymour Pierce has retained its 'sell' recommendation for DIY retailer and B&Q owner Kingfisher following the new that the firm is putting its loss-making Irish business into administration. It was reported on Friday morning that the company would likely close four of its nine stores and aim to red
Read more* FTSE 100 down 0.7 percent * Earnings woes hit heavyweights Shell and AstraZeneca * Bank face huge claims from swaps scandal * BSkyB cheered by online sports offer By David Brett LONDON, Jan 31 (Reuters) - London's top shares closed lower on Thursday as downbeat company earn
Read moreDUBLIN, Jan 31 (Reuters) - The Irish operations of home improvements retailer B&Q were granted court protection on Thursday to allow for a restructuring aimed at stemming "unsustainable losses," the company said. B&Q, a subsidiary of Europe's biggest home improvements retailer Kingfisher, w
Read moreAberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant
Read moreAmino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati
Read moreAberdeen Asset Management: Goldman Sachs upgrades to buy with its target price at 360p. APR Energy: JP Morgan lowers target price from 1005p to 950p, while its overweight rating is left unchanged. Brooks Macdonald Group: Numis ups target price from 1400p to 1470p and retains a hold recommendation.
Read moreInvestec has reiterated its 'buy' rating and 2,800p target price for consumer goods giant Unilever after its fourth-quarter results came in ahead of forecasts. "The Q4 & FY12 numbers have beaten consensus expectations on the key metrics of organic growth and core margins (core earnings per share we
Read moreDeutsche Bank has trimmed its fourth-quarter forecasts for B&Q and Screwfix owner Kingfisher on the back of a negative read-across from peers in the DIY retail industry. "Last week's data from Homebase and the Banque de France suggest market weakness and continued downside risk to Kingfisher's Q4 p
Read moreAberdeen Asset Management: Societe Generale downgrades to hold, while its target price of 375p is not altered. Amara Mining: Investec reduces target price from 89p to 83p and reiterates a buy recommendation. Associated British Foods: Jefferies raises target price from 1365p to 1650p keeping a hold
Read moreStock markets finished more or less flat on Tuesday afternoon after a volatile session, in which investors digested policy announcements in Japan and mixed newsflow in Germany. "A rather choppy morning session in Europe gave way to a rather more sedate afternoon session as US traders returned to th
Read morePrecious metals miner Fresnillo was a heavy faller after fourth quarter gold production came in 20.6 per cent lower than 2011. This stood in stark contrast to full year output, which totalled 473,034 ounces, up 5.4 per cent year-on-year and above the 460,000-ounce target. Sector peer Polymetal was a
Read moreMarkets were volatile in morning trade on Tuesday as traders reacted to mixed newsflow from Germany, though stocks remained in negative territory following an underwhelming policy announcement from Japan. According to market analyst Craig Erlam from Alpari, trading volumes are expected to pick up t
Read moreAfren: Liberum Capital shifts target price from 120p to 123p staying with its hold recommendation. ASOS: Exane BNP increases target price from 3000p to 3100p and retains an outperform rating. BP: RBC downgrades to sector perform from outperform. Brammer: Peel Hunt moves target price from 300p to
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