LONDON BROKER RATINGS: RBC raises CVS Group to 'outperform'
17th Mar 2025 09:40
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - Stock prices in Europe were lower on Wednesday afternoon, in cautious trade, as tariff worries continue to hang over equities. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
Kingfisher PLC - London-based owner of B&Q, Screwfix and Castorama - Starts on Friday final tranche of GBP300 million share buyback programme announced back in September 2023. Says the maximum amount allocated for this fifth tranche is GBP75 million, and it will end no later than March 24. The tranche will be conducted by Goldman Sachs. Kingfisher has repurchased 85.3 million shares so far under the buyback programme. Read More
(Alliance News) - The FTSE 100 showed early promise but faded into the close ahead of an expected interest rate cut in the US later on Wednesday. Read More
(Alliance News) - Stock prices in London were mostly higher at midday Wednesday, ahead of the US Federal Reserve's interest rate call where a quarter-point cut is widely expected. Read More
Kingfisher PLC - London-based home improvement products retailer - Sells Brico Depot Romania business to local retailer Altex Romania for an enterprise value of EUR70 million, exiting the country just over a decade after entering in 2013. The sale includes a network of 31 stores in 24 cities in Romania, together with distribution operations and a head office in Bucharest. Altex currently operates 130 electronics and home appliance stores in Romania. The business being sold generated GBP269 million in sales in financial 2024, 2.1% of total Kingfisher sales. It suffered a retail loss of GBP18 million and free cash outflow of GBP17 million. Kingfisher notes that the disposal doesn't affect its Brico Depot store chains in France, Spain and Portugal. Read More
(Alliance News) - Stock prices in London opened higher on Wednesday morning, as investors prepare for the week's cluster of rate calls to kick off with the US Federal Reserve's decision this afternoon. Read More
(Alliance News) - The FTSE 100 was called to open higher on Wednesday, as investors prepare for various interest rate decisions this week including from the UK and Japan. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
Kingfisher PLC - London-based home improvement products retailer - Hires Lucinda Riches to be non-executive director from January 1. She is the current chair of Greencoat UK Wind PLC and of Peel Hunt Ltd. Greencoat UK Wind is an investor in wind farms, while Peel Hunt is a broker and investment bank. Kingfisher says Riches will be stepping down from one of her other positions with listed companies during 2025, but it doesn't say which one. Riches is a non-executive director at Ashtead Group PLC, and the industrial equipment rental provider this week said it will move its primary listing to New York from London. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - Stock prices in London were a touch higher on Friday, with the FTSE 100 more or less treading water, as trade lacked conviction on a combination of end of month calm and a lack of impetus from New York as markets there only re-open for a shortened trading day. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - Marks & Spencer Group PLC and Kingfisher PLC are among the retailers eying possible takeovers of stores previously operated by Homebase, Sky News reported on Thursday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - The FTSE 100 closed higher on Monday as markets gave a nod of approval to Donald Trump's choice of Scott Bessent as his US Treasury pick, and hopes grew of a ceasefire between Israel and Lebanon’s Hezbollah. Read More
(Alliance News) - Stock prices in London surrendered some earlier gains but were still higher on Monday, kicking off the week positively as the US Treasury secretary pick was deemed market-friendly. Read More
(Alliance News) - Kingfisher PLC on Monday trimmed the top end of its profit guidance range after soft trading in October, and flagged an expected hit of GBP45 million from tax changes in the UK and France. Read More
(Alliance News) - Stock prices in London opened higher on Monday, with a US Treasury chief pick calming market nerves, while there was a slew of M&A updates among early corporate updates. Read More