Panmure Liberum downgraded Dunelm Group PLC from 'hold' to 'sell', cutting its target price from 820p to 590p due to concerns over the retailer's ability to reaccelerate sales growth, achieve £100 million in cost savings, and overhaul its technology within three years. The broker highlighted that Dunelm's recent capital markets day revealed plans for over £260 million in growth investment, but much of this may be aimed at stopping sales decline rather than boosting growth. Profit forecasts were cut by about 7%, with adjusted pre-tax profit now expected to remain flat at around £211 million for the year to June 2027. Panmure Liberum also noted slowing market share gains and limited evidence supporting Dunelm's strategy to optimize store space and product range, raising doubts about near-term cash generation and dividend potential.
Cryptocurrency markets experienced varied price changes, with Bitcoin falling 1.13% to $77,079 and Ethereum nearly flat at $2,466.79. Several altcoins like Nearest (NEAR) and Morpho saw gains of 3.48% and 3.73% respectively, while others like Zcash (...
Nu Holdings, the fintech behind Nubank, has launched Nu Global, a multi-currency digital account that converts deposits into USDC and EURC stablecoins. This launch marks Nu's entry into the US market and supports over 140 million customers with fee-f...
Accelevate Solutions and Brand Engagement Network launched a live AI-driven platform at Los Angeles International Airport to enhance passenger engagement for off-airport parking and shuttle services. The platform offers real-time vehicle tracking, ro...
C&C Group PLC shares rose nearly 8% following a nominal-cost acquisition of Asahi UK's wholesale businesses, including Nectar Imports and direct distribution operations. This deal expands C&C's scale and customer reach by integrating these operations...
Meridian Mining plc has applied to admit 136,730 new ordinary shares to trading on the London Stock Exchange, expected around September 16, 2026. These shares are issued following the exercise of awards under the company's Omnibus Plan 2025 and will ...
