Dunelm shares dragged lower by Peel Hunt downgrade ahead of quarterly trading update
Peel Hunt cut its rating on Dunelm to ‘add’ from ‘buy’ but raised its target price to 1,000p from 800p
Company
LON:DNLM
Dunelm Group PLC is a specialist out-of-town homewares retailer providing a range of products to a customer base, under the brand name Dunelm Mill.
218 stories · page 6 of 11
Peel Hunt cut its rating on Dunelm to ‘add’ from ‘buy’ but raised its target price to 1,000p from 800p
The FTSE 250 furniture retailer said it had identified “some risks” from potential disruption at ‘deep-sea’ ports in the aftermath of the UK's exit
Archive
The more UK-company focused FTSE 250 gained over 147 points to close at 18,972
Archive
The data will have a distinctly Brexity flavour after the UK's impending exit from the bloc was blamed for lacklustre GDP growth of 0.2% in the fourth quarter of 2018 reported on Monday
Archive
Aside from all the company news, the Week Ahead also brings the latest UK inflation and GDP growth data for investors to digest, while the Brexit saga will continue to roll on
Below we provide a cut-out-and-keep guide to the major quoted retailers and how the quoted retailers performed
Aldi sold almost £1bn worth of food and drink in the run-up to the holiday season, and Morrisons has responded by slashing the prices of more than 900 products
Archive
A look at the day's major movers, including Kibo Energy, Red Rose, Red Emperor Resources, Anglo African Oil & Gas, Mobile Streams, Dunelm and Ted Baker
Dunelm expects full-year pre-tax profit to beat the top range of market forecasts if the homewares market continues to grow at a similar rate as the first half
Investments and investor services
The FTSE 250 on the other hand, a better gauge of UK companies, added over 180 points at 17,976
With consumer confidence at its lowest ebb for almost a year, just what is in store for M&S
The broker said that while the acquisition and integration of Worldstores the previous year had negatively impacted the firm, its core offering had “visibly sharpened up” since summer
Archive
A look at some of the London market's biggest risers and fallers on Monday
The gross margin increased by 1.3 percentage points year-on-year following the elimination of lower margin sales from the Worldstores businesses
The home furnishings retailer said it plans to simplify the business under the core Dunelm brand, with one web platform and an integrated supply chain
The UK blue chip index rose 34 points to 7,308 around 3.40pm
Archive
Homeware retailer Dunelm, housebuilder Galliford Try and football pitches group Goals Soccer Centres are all due up on what looks set to be a fairly quiet Wednesday in London
Accountancy and business advisory firm BDO said its monthly High Street Sales Tracker (HSST) showed like-for-likes fell 2.7% in August from a year earlier
Archive
The week ahead includes annual results from Wetherspoons, Galliford Try and Dunelm along with interims from Morrisons and trading updates from AB Foods and Ashtead
Three major retailers saw their share prices hammered after releasing trading updates