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Brokers: ASOS to top the retail tree over Christmas
ASOS, Boo and SuperGroup to have full stockings, while M&S, Halfords and SPorts Direct may be disappointed says Peel Hunt
Company
LON:MKS
Marks and Spencer Group is a retailer of clothing, food and home products in the United Kingdom. The Company has 622 stores, including Simply Food franchise stores, as well as an international business.
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ASOS, Boo and SuperGroup to have full stockings, while M&S, Halfords and SPorts Direct may be disappointed says Peel Hunt
Investments and investor services
Dixons Carphone and Dunelm were given the thumbs up, while Kingfisher and next were downgraded by broker Nomura
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Sector bellwether John Lewis saw a 2.3% jump year-on-year to £129.2mln in the week to Boxing Day, which was ahead of expectations.
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Betfair gets an upgrade to buy from hold from Deutsche Bank, which raised its price target to 4,200p.
Consumer electronics chains reduced discounts during this year's bargain-fest
What's Dutch for middle class? The "never knowingly undersold" retailer is to become the "Netherlands knowingly undersold"
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Glencore updared, while Cantor remains sanguine on house stocks APC and OPG
Investments and investor services
Weir was among the few true upgrades and downgrades on Wednesday, meanwhile Just Eat, Regus were also in the broker spotligh along with Anglo American, Antofagasta and other mining majors
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It is still the worst performing blue-chip this year, but Glencore looks to be on the comeback trail
The FTSE 100 Index rose 69.53 points to 6453 as investors cheered M&S
M&S was high in the Footsie risers as the index gained 57 points to 6440
M&S sales rose 1.4% to £5bn while underlying pre-tax profit lifted 6.1% to £284mln
Cyber security appears to be the watchword(s) this week as British Gas, owned by utility giant Centrica, became the latest UK company to announce a data breach.
Investments and investor services
MP Evans, DekelOil, Tullow, Cairn, EnQuest, SOCO, Standard Chartered, and Marks & Spencer are in Thursday’s broker spotlight
Investments and investor services
Caution on the growth outlook and the lack of any increase in the number of hawks on the committee makes a rate hike this year unlikely
Marks’ clothing has been a problem child for some while, but despite better trading conditions and easier comparatives the broker is concerned M&S has again missed its straps.
Investments and investor services
Below are the main news-driven share price movements at 4pm.
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Acacia Mining, Marks & Spencer, Sports Direct, Hammerson, Shaftesbury, and Fidessa were all in Wednesday’s broker spotlight.
A rally in Germany by Volkswagen and other car groups also helped the mood across Europe.