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HMV Group, the music and entertainment retailer which recently announced the departures of its Chief Executive Officer and Finance Director, has poached Ian Kenyon from Best Buy Europe to fill the latter role. Kenyon will join the company on September 3rd from Carphone Warehouse, where he has been
Read moreEurope's largest independent mobile phone seller, Carphone Warehouse, managed to avoid an expected slump in sales to post respectable figures for the three months to the end of June. Like-for-like sales at CPW Europe were down 2% although total sales including new stores rose 5.7% to £776m. The ke
Read moreCarphone Warehouse, the seller of hand-held mobile communication devices, saw full year profits rise once the effects of the Best Buy Mobile sale are stripped out. Using what it terms "headline" figures, which essentially remove from the equation bits of the business which have been sold, the group
Read moreSafety, health and sensor technology group Halma is one of those steady-Eddie companies that rarely makes waves. Thursday's full year results should see the company continue its impressive record of consistent double-digit percentage growth. The consensus market forecast is for earnings per share
Read moreCarphone Warehouse has seen a decline in like-for-like (LFL) revenues in its Europe divison (essentially the UK operation) but expects full-year earnings to be on target. CPW Europe, a 50% joint venture with US firm Best Buy, saw LFL revenues down 5.5%. In the UK, the firm estimates pre-pay revenue
Read moreAnglo American: AlphaValue downgrades from neutral to reduce, target cut from 7,115p to 6,970p. AstraZeneca: Jefferies upgrades from hold to buy, target cut from 3,050p to 2,975p; JP Morgan Cazenove upgrades from underweight to neutral, target hiked from 2,800p to 3,050p. British Sky Broadcasting:
Read moreTelecoms giant BT Group was lifting the fixed line telecommunications sector on Friday afternoon following its well-received third quarter results announced this morning. BT saw pre-tax profits rise from £441m last year to £652m in the three months to December 31st. Over the first three quarters, p
Read moreAshmore: Barclays upgrades to overweight from neutral. Glencore: UBS cuts target from 530p to 490p, buy rating unchanged. Vodafone: Nomura reiterates buy rating and 230p target. Britvic: Nomura keeps buy recommendation and 425p target; Collins Stewart gives sell rating and 290p target. WH Smit
Read moreMobile communications devices seller Carphone Warehouse has reiterated its full year headline earnings guidance after the group's fiscal third quarter saw a glut of contract renewals coinciding with the release of new smartphones. CPW Europe, the group's joint venture with US consumer electronics g
Read more"The Euro is still above the fair value of $1.25 implied by purchasing power parity - and it has been so ever since its recovery from its disastrous early years. A move well below $1.25, if not quite to $1.10, looks more likely if the US recovery story suggested by yesterday´s unexpectedly strong jo
Read moreThe Tempus column in The Times ponders which stocks would fit into a share portfolio consisting of stocks exposed to London and the South East only, and suggests that one would be Shaftesbury, the property company whose assets consist almost entirely of shops, restaurants and bars in the West End. I
Read moreJohn Allwood, non-executive director of mobile phones seller Carphone Warehouse has rounded up his holding in the company to 10,000 shares. Allwood bought 6,500 shares at 303.9p each, at a cost of just under £20,000, as the shares hit a new 52-week low on Thursday. The company's share price has be
Read moreA non-executive director of both broadband provider TalkTalk and mobile phone seller Carphone Warehouse has made a double purchase, phoning in orders for shares in both firms. John Allwood bought 10,000 shares at 134.80p for a total of £13,480 in TalkTalk, and 3,500 shares at 311.00p in Carphone Wa
Read moreAdmiral: Nomura puts buy rating and 1,900p target under review Admiral: Investec keeps sell rating and 843p target. HSBC: Evolutions Securities keeps sell rating and 650p target. British American Tobacco: Alpha Value downgrades to reduce from add. Regus: Credit Suisse upgrades from neutral to o
Read moreUK prices were broadly flat on Monday dropping just 0.3% following steady rises since early September. However, investors are keeping a wary eye on developments in Italy. The human comedy sketch known as Silvio "Il Cavalieri" Berlusconi, appears to be teetering on the edge of losing power. The pre
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