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Pin to quick picksMccoll's Share News (MCLS)

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Peel Hunt upgrades McColl's to 'buy' following Morrisons fascias trials

Fri, 01st Mar 2019 10:56

(Sharecast News) - Analysts at Peel Hunt upgraded convenience shop and newsagent operator McColl's to 'buy' on Friday as it highlighted some of the benefits of the group's move to trial Morrisons Daily fascias in ten of its stores.Peel Hunt believe the move marks a "highly significant and highly positive development", noting that while the McColl's fascia is popular and evolving, the switch to the Morrisons Daily fascia could "really help densities"."This could just be the fillip McColl's shares need after a quarter or two in the doldrums: we are confident the trial will work and that the fascia will be rolled out to more stores," its analysts said.Peel Hunt stated the rebrand might also gave McColl's a "real chance" to see its like-for-like revenues make progress again."For a highly operationally and financially geared business, that could be gold dust."Although Peel Hunt noted results of the trials wouldn't be known for a while, the broker still felt the potential of the Morrisons Daily fascia could be significant and was capable of really moving the dial over the medium-term."This is a good opportunity to get behind the shares again, and one that we hadn't seen emerging in the short term," concluded analysts Jonathan Pritchard and John Stevenson.
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3 Dec 2018 10:28

Liberum cuts target price on McColl's following profit warning

(Sharecast News) - Analysts at Liberum cut their target price on British convenience shop and newsagent operator McColl's Retail on Monday, citing persistent challenges in the group's supply chain.

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3 Dec 2018 09:37

TOP NEWS: McColl's Shares Dive On Profit Warning, Challenging Times

LONDON (Alliance News) - McColl's Retail Group PLC on Monday issued a profit warning, blaming lower-than-expected conversion of sales to profit, transitional challenges, and difficult trading

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3 Dec 2018 09:13

McColl's tumbles on profit warning

(Sharecast News) - Shares in McColl's tumbled on Monday as the convenience shop and newsagent operator issued a profit warning due to disruption from the collapse of wholesaler Palmer & Harvey.

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3 Dec 2018 08:33

LONDON MARKET OPEN: Miners Help FTSE 100 Surge As Trade Tensions Ease

LONDON (Alliance News) - The FTSE 100 index kicked off December with an impressive 2% surge, with miners among the best performers in London on Monday amid easing world trade tensions and data the

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27 Nov 2018 16:04

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 28 November RPC GroupHalf Year ResultsTen LifestyleFull Year Year Year Year the

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13 Sep 2018 13:33

EXTRA: Wm Morrison Strategy Pays Off, Declares Special Dividend

LONDON (Alliance News) - Wm Morrison Supermarkets PLC on Thursday proposed a special dividend, more than doubling its interim payout, despite recording a drop in half-year profit.Morrisons

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28 Aug 2018 15:57

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 29 August IQEHalf Year ResultsGym GroupHalf Year Year Fisher & Year Year 30

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26 Jul 2018 13:01

Thursday broker round-up

(Sharecast News) - Beazley: Berenberg upgrades to buy with a target price of 640p.

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23 Jul 2018 12:53

Monday broker round-up

(Sharecast News) - Hargreaves Lansdown: Jefferies downgrades to underperform with a target price of 1,650p.

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23 Jul 2018 12:20

LONDON MARKET MIDDAY: Risk-Off Trade With Ryanair Weighing On Airlines

LONDON (Alliance News) - Sentiment in Europe was soft at the start of the week, with the FTSE 100 lower at midday on Monday after US President Trump switched his focus to Iran from his tariff threats

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23 Jul 2018 10:23

WINNERS & LOSERS SUMMARY: McColl's Retail Sinks After Profit Slumps

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 0.5%. The pharmaceutical company is splitting

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23 Jul 2018 08:56

McColl's first-half hit by demise of P&H, CFO resigns

(Sharecast News) - Convenience retailer McColl's was under the cosh on Monday as it posted a drop in first-half like-for-like sales following the demise of cigarette wholesaler Palmer & Harvey, said full-year adjusted earnings would be in line with the previous year and announced the resignation of chief financial officer Simon Fuller.

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23 May 2018 11:48

Hilton Food Shuffles Board, Promotes Philip Heffer To Chief Executive

LONDON (Alliance News) - Hilton Food Group PLC said Wednesday it reshuffled its board, including the promotion of Chief Operating Officer Philip Heffer to chief executive officer.The food

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20 Dec 2016 09:04

CMA clears McColl's to take over almost 300 Co-op shops

(ShareCast News) - Convenience retailer McColl's Retail Group was welcoming a decision by the Competition and Markets Authority on Tuesday, to give final and unconditional approval to its acquisition of 298 convenience stores from the Co-operative Group that was announced on 13 July. The London-list

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20 Dec 2016 08:25

UK Regulator Clears McColl's Purchase Of 298 Co-op Convenience Stores

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