City and Corporate News
Brokers note - DSG International
Credit Suisse has increased its forecasts on DSG International following its recent results and is retaining its ‘Outperform’ recommendation on the company. Read more..
Brokers note - Game Group
Altium Securities has re-iterated its ‘Buy’ recommendation on Game Group following its trading update revealed a performance in-line with expectations. Read more..
Game Group like for likes fall
Game Group has reported a 15.4 per cent drop in like for like sales in the 21 weeks to 27 June. Read more..
Brokers note - ASOS
Shore Capital has re-iterated its ‘Buy’ recommendation on ASOS following its preliminary results and subsequent 10% decline in its share price. Read more..
M&S first quarter sales rise.
Overall group sales rose by 2.9 per cent. Read more..
Broker's note - Carpetright
Investec Securities has re-iterated its ‘Sell’ recommendation on Carpetright after its preliminary results today (June 30). Read more..
Carpetright profits floored.
Divi slashed as profits tumble by 72.3 per cent to £17.2m (2008: £62.1m) Read more..
Rising sales boost confident HMV
HMV UK & Ireland like for like sales up 1.9 per cent. Read more..
Brokers note - ASOS
KBC Peel Hunt has downgraded its recommendation on ASOS following its preliminary results today (June 29). Read more..
Asos profit doubles.
Profits up 93 per cent Read more..
Brokers note - Marks & Spencer
Investec Securities has upgraded its recommendation on Marks & Spencer from ‘Sell’ to ‘Hold’ ahead of the release of its Q1 sales numbers next week. Read more..
JJB running a marathon until 2012
Nobody could accuse JJB Sports of having had a quiet time over the past 12 months (away from the shop floor that is) but now that it is on a slightly more stable footing its future largely depends on whether it can sufficiently differentiate itself with its new ‘Serious about Sport’ positioning. By Glynn Davis, City editor Read more..
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