BUZZ-Citi flags possible recovery in UK market, positive on Aussie retailer Nick Scali

Reuters

Mar 14, 2025

** Citi says London-listed DFS Furniture's DFSD.L interim result suggests UK market recovery on the back of interest rate cuts and housing transaction growth

** DFS expects to beat annual profit expectations; trading through 10 weeks of the second half of FY25 has remained strong

** Aussie home furnishing retailer Nick Scali NCK.AX entered UK market in April 2024 after acquiring local retailer Fabb Furniture

** Citi also sees positive medium-term market tailwinds for Nick Scali's UK business

** DFS interim result supports our forecast for sales per store uplift of +41% in Nick Scali's UK stores between FY25 and FY28 - Citi

** Brokerage maintains Nick Scali's "buy" rating and a PT of A$20.64

** Nick Scali up 2.1% so far this year as of last close, outperforming a 5.4% decline on the ASX All Ordinaries index .AORD

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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trading through 10 weeks of the second half of FY25 has remained strong** Aussie home furnishing retailer Nick Scali NCK.AX entered UK market in April 2024 after acquiring local retailer Fabb Furniture** Citi also sees positive medium-term market tailwinds for Nick Scali's UK business** DFS interim result supports our forecast for sales per store uplift of +41% in Nick Scali's UK stores between FY25 and FY28 - Citi** Brokerage maintains Nick Scali's \"buy\" rating and a PT of A$20.64** Nick Scali up 2.1% so far this year as of last close, outperforming a 5.4% decline on the ASX All Ordinaries index .AORD (Reporting by Nikita Maria Jino in Bengaluru) ((Nikita.Jino@thomsonreuters.com;))</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NCK.AU","symbol_name":"NICK SCALI LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250313:nL4N3PV1TT:1","article_id":"2519865964","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2519865964","pubTimestamp":1741893742,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Citi flags possible recovery in UK market, positive on Aussie retailer Nick Scali** Citi says London-listed DFS Furniture's DFSD.L interim result suggests UK market recovery on the back of interest rate cuts and housing transaction growth** DFS expects to beat annual profit expectations; trading through 10 weeks of the second half of FY25 has remained strong** Aussie home furnishing retailer Nick Scali NCK.AX entered UK market in April 2024 after acquiring local retailer Fabb Furniture** Citi also sees positive medium-term market tailwinds for Nick Scali's UK business** DFS interim result supports our forecast for sales per store uplift of +41% in Nick Scali's UK stores between FY25 and FY28 - Citi** Brokerage maintains Nick Scali's \"buy\" rating and a PT of A$20.64** Nick Scali up 2.1% so far this year as of last close, outperforming a 5.4% decline on the ASX All Ordinaries index .AORD ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NCK.AU":"NICK SCALI LTD","BK7107":"家庭装饰零售"},"translate_title":"花旗表示英国市场可能复苏，对澳大利亚零售商尼克·斯卡利持积极态度","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NCK.AU":0.9},"content_text":"BUZZ-Citi flags possible recovery in UK market, positive on Aussie retailer Nick Scali** Citi says London-listed DFS Furniture's DFSD.L interim result suggests UK market recovery on the back of interest rate cuts and housing transaction growth** DFS expects to beat annual profit expectations; trading through 10 weeks of the second half of FY25 has remained strong** Aussie home furnishing retailer Nick Scali NCK.AX entered UK market in April 2024 after acquiring local retailer Fabb Furniture** Citi also sees positive medium-term market tailwinds for Nick Scali's UK business** DFS interim result supports our forecast for sales per store uplift of +41% in Nick Scali's UK stores between FY25 and FY28 - Citi** Brokerage maintains Nick Scali's \"buy\" rating and a PT of A$20.64** Nick Scali up 2.1% so far this year as of last close, outperforming a 5.4% decline on the ASX All Ordinaries index .AORD (Reporting by Nikita Maria Jino in Bengaluru) ((Nikita.Jino@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}