SuperGroup Share News (SGP)

SuperGroup regains Scandinavian trading rights after buying distributor

SuperGroup has regained the rights to trade in Denmark, Norway and Finland after acquiring the SMAC Group, its long-term Scandinavian distributor. The FTSE 250 company said the move would help it meet its ambitious plans for the region, by freeing it to invest its own capital in the store roll-out

SuperGroup Buys Scandinavian Distributor, Taking Back Superdry Rights

FTSE 250 movers: Supergroup lifted by broker rating after recent falls

SuperGroup investors took heed of the 'buy' recommendation preferred by Canaccord Genuity, with the broker saying that the "brand [is] still in fashion, even if shares aren't". The shares have been under heavy selling pressure in recent weeks, which presents an "good buying opportunity". Hedge fund

Broker tips: Rolls-Royce, BG Group, Micro Focus, SuperGroup

Investec has kept a 'buy' rating for Rolls-Royce, labelling the engineer as a "shareholder-friendly diversified financial" after a potential £1bn share buyback was announced on Thursday. "We do not believe the share buyback was expected by investors and, as such, we think it is likely to be taken v

London midday: Fed's low-rate promise gives UK stocks a boost

- Interest rates to stay low for long time, says Yellen - Fed tapers QE by a further $10bn - UK retail sales fall 0.5% in May - Rolls-Royce unveils £1bn buyback techMARK 2,826.40 +0.77% FTSE 100 6,832.94 +0.80% FTSE 250 15,794.83 +1.09% Strong gains from Rolls-Royce, SuperGroup and housing stocks

SuperGroup brand "still in fashion" despite sell-off, says Canaccord

Canaccord Genuity still recommends investors to 'buy' shares of SuperGroup despite the recent sell-off, with the broker saying that the "brand [is] still in fashion, even if shares aren't". The shares have fallen by over a third since the company's fourth-quarter trading update on May 8th and Canac

Broker tips: BT, Wm Morrison, Berkeley...

BT and Virgin Media owner Liberty Global offer investors the best way to cash in on fixed-line telecom companies' assault on the mobile market, according to broker Goldman Sachs. Goldman said fixed-line players such as BT, which plans to launch business and household mobile products later this year

Investec says SuperGroup de-rating is overdone

Broker Investec believes the de-rating on street fashion chain SuperGroup is "overdone" as the long-term growth story remains intact. Shares in the company, which is behind the SuperDry fashion label, are down 39% from 1411p when it emitted a weak sales update in early May, dragging its full year

London midday: Investors show caution ahead of ECB, ASOS leads retailers lower

- Markets await ECB decision, Draghi with caution - BoE keeps policy unchanged - ASOS shares plummet after profit warning, retailers fall - Smith & Nephew jumps on continued M&A speculation techMARK 2,820.75 -0.07% FTSE 100 6,796.31 -0.33% FTSE 250 15,939.53 -0.29% UK stocks were in the red on Thu

London open: ASOS plummets as UK stocks fall ahead of ECB

techMARK 2,825.83 +0.11% FTSE 100 6,802.80 -0.23% FTSE 250 15,937.44 -0.31% A surprise profit warning from fast-growing fashion retailer ASOS and a cautious outlook from speciality chemicals firm Johnson Matthey sent UK stock markets lower on Thursday, as investors nerves were tested ahead of the p

FTSE 250 movers: Rate cut sends SuperGroup sliding

A recommendation cut from Oriel Securities knocked more than 5% off of SuperGroup's share price. The broker changed its recommendation to 'reduce' from 'hold', saying "we are starting to ask ourselves whether there is something more fundamental afoot" with the decline in its like-for-like sales, whi

Thursday broker round-up UPDATE

Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl

UK BROKER RATINGS: Goldman Sachs Cuts Vodafone To Neutral

LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning:
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FTSE 100
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TRADERS: GOLDMAN CUTS VODAFONE TO 'NEUTRAL' ('BUY')
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UBS CUTS VODAFONE PRICE TARGET TO 255 (275) PENCE -

MoPowered Says Revenue Rose 33% In 2013 But Loss Was Unchanged

LONDON (Alliance News) - MoPowered Group PLC Tuesday said revenue for 2013 rose 33% to GBP1.0 million from GBP761,000 a year earlier, after secured 79 new clients, including fashion retailer SuperDry, owned by SuperGroup PLC, and the British Broadcasting Corp. The mobile commerce firm, whic

London close: Barclays and ECB´s Draghi push Footsie higher

- FTSE closes up 42.81 points to 6,839.25 - ECB signals possible rate action in June - MPC maintains bank rate - Barclays unveils further job cuts techMARK 2,807.39 +0.59% FTSE 100 6,839.25 +0.63% FTSE 250 15,968.51 +0.55% The City ended today's session on a positive note, buoyed by speeches from