Posts in LSE:DNLM

Weak commodity prices and BP's $1.7bn hit drag on FTSE

A fall in commodity prices and a financial hit for oil giant BP (BP.) weighed on the FTSE 100.

Miners Fresnillo (FRES) and Antofagasta (ANTO) were among the casualties amid declines in the value of gold and copper. Fresnillo fell 3.5% to £13.78 and Antofagasta shed 2.8% to £10.09.

BP (BP.) said it would take a $1.7bn hit in its fourth quarter results due to claims from the Deepwater Horizon oil spill in 2010.

2 resurgent big-dividend payers that could make you rich

As so often happens on the stock market, homewares retailer Dunelm Group's (LSE:DNLM) downward share price movement this morning seems at odds with its positive-sounding second quarter trading update.

The firm reported a year-on-year total increase in sales of 13.6% for the first half of its trading year to 30 December, of which total like-for-like sales are 6% higher. That kind of progress over the past six months doesn't sound to me like a business sinking in some kind of death spiral as many fear could be the way of traditional retailers.

Dunelm growth driven by online sales

Homewares retailer Dunelm's like-for-like sales rose by 3.4% to £255.0m in the 13 weeks to 30 Dec.

FTSE rises as miners offset depressed housebuilders

Stronger miners offset a decline in housebuilding stocks.

Dunelm appoints CEO

Dunelm has appointed Nick Wilkinson as chief executive with effect from 1 Feb. Dunelm said: 'Nick has extensive retail experience across a number of consumer brands, most recently as chief executive of Evans Cycles, the UK's leading cycling specialist, a position he held for five years.

'Prior to this he was Chief Executive of Maxeda DIY, a Belgian and Dutch home improvement retailer. Nick has also spent eight years with Dixons Retail, where he was Group Buying Director and MD of Currys.'

Chairman Andy Harrison said: 'I am delighted with Nick's appointment.

Broker Forecast - Deutsche Bank issues a broker note on Dunelm Group PLC

Deutsche Bank today reaffirms its hold investment rating on Dunelm Group PLC (LON:DNLM) and raised its price target to 685p (from 640p).

Broker Forecast - Jefferies International issues a broker note on Dunelm Group PLC

Jefferies International today reaffirms its underperform investment rating on Dunelm Group PLC (LON:DNLM) and raised its price target to 560p (from 515p).

All resolutions passed at AGM of Dunelm

Dunelm Group has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting.

At 1:21pm: (LON:DNLM) Dunelm Group PLC share price was +6p at 714.5p

Domino's Pizza CFO to join Dunelm board

Dunelm has appointed Rachel Osborne as a non-executive director with effect from 1 Apr.

She will be a member of the audit and risk, remuneration and nominations committees.

Osborne is currently chief financial officer of Domino's Pizza Group.

At 9:50am: (LON:DNLM) Dunelm Group PLC share price was +12p at 700p

Top stocks for November

We asked our writers to share their top stock picks for the month of November, and this is what they had to say:


G A Chester: Fresnillo

Silver and gold miner Fresnillo (LSE:FRES) recently reiterated production guidance for the current year, having suffered no adverse impact on its operations from the September earthquake in Mexico.