Friday broker round-up
2nd Sep 2016 19:04
(ShareCast News) - Pearson: JP Morgan reiterates neutral with a target price of 940p. Vodafone: UBS maintains buy with a 310p target. Glaxosmithkline: UBS keeps at neutral with a 1650p target. GKN: Canaccord reiterates buy with a 370p target. Legal & General: Macquarie keeps at neutral with a tar
Read moreBroker tips: Vodafone, Hays, BT Group
2nd Sep 2016 10:07
(ShareCast News) - UBS reiterated a 'buy' rating on Vodafone and left its target price unchanged at 310p on Friday. Vodafone and Liberty Group have received conditional clearance from the European Commission for the merger of their Dutch assets. UBS said it believes investor focus is now switching b
Read moreJP Morgan downgrades BT Group
2nd Sep 2016 08:07
(ShareCast News) - JP Morgan cut its recommendation and target price on shares of telecommunications services provider BT Group due to the large number of material 'headwinds' which the company was facing. The company was expected to run into a large number of headwinds over the coming 12 to 18 mont
Read moreSunday newspaper round-up: Sterling, PMIs, May's Brexit talks, GSK, Sports Direct
28th Aug 2016 13:45
(ShareCast News) - Hedge funds and other speculators have cranked up bets against the pound to their highest-ever level as sterling rises close to a three-week high. Short positions on the pound worth $7.8bn (£5.9bn) were racked up last week - the largest ever, according to US data used by the Sunda
Read moreSector movers: Construction sector finds a bid, insurers off
17th Aug 2016 13:49
(ShareCast News) - Insurance stocks dragged on the London equity market after Admiral reported a drop in its so-called Solvency II coverage ratio at the half-year stage from 206% to 180%, courtesy of a large drop in interest rates which in turn boosted its liabilities, particularly in the case of it
Read moreNewspaper round-up: More Brexit worries, pension schemes, BT, sugar tax
16th Aug 2016 07:01
(ShareCast News) - The pound dropped close to its lowest levels since the Brexit vote as markets braced themselves for hard evidence this week that the UK economy has been knocked off course by the decision to leave the EU. Sterling dropped half a per cent to $1.2874 against the dollar, dipping to i
Read moreSector movers: Real estate stocks tumble
11th Aug 2016 16:19
(ShareCast News) - Defensive sectors had the edge on Thursday even as investors continued to bid the market higher, with tobacco stocks enjoying the strongest gains alongside the likes of Unilever, with the latter standing to gain from recent improved sentiment towards emerging markets. Heading the
Read moreBT, Openreach should split, says ex-business minister Anna Soubry
11th Aug 2016 12:16
(ShareCast News) - BT, which had been criticised for providing low levels of superfast broadband access, should split from Openreach, according to a former government minister. Anna Soubry, the former business minister, said that the telecoms giant should split and Openreach should became a separate
Read moreMonday newspaper round-up: Lloyds, new post-Brexit data, banks
8th Aug 2016 06:59
(ShareCast News) - Thousands of retail investors are likely to be denied the chance of buying shares in Lloyds Banking Group at a discount as the government is expected to abandon the plan in the aftermath of market uncertainty caused by Brexit. The government put plans for a "Tell Sid" offer of Llo
Read moreSunday newspaper round-up: Interest rates, EU single market, IHG, Poundland
7th Aug 2016 15:33
(ShareCast News) - Savers face five more years of record-low returns, with investors betting that the Bank of England will not undo last week's interest rate cut before the end of the decade. City traders expect Bank governor Mark Carney to slash borrowing costs again before the end of the year, the
Read moreFriday broker round-up
5th Aug 2016 10:09
(ShareCast News) - Pets at Home: HSBC reiterates buy with a target price of 295p. BT: UBS maintains neutral with a 425p target. Aviva: Exane BNP Paribas reiterates underperform with a 400p target. Inmarsat: HSBC stays at hold with a 940p target. Cairn Energy: UBS upgrades to buy with a target pri
Read moreMonday newspaper round-up: Banks, BoE, Morrison's, BT
1st Aug 2016 06:43
(ShareCast News) - Britain's top bank bosses believe an interest rate cut this week is not the best way to boost the economy, arguing instead for alternative options such as investment incentives. Markets are almost certain that the Bank of England will cut its base rate from 0.5pc to 0.25pc this Th
Read moreSector movers: Oil-related sectors retreat as Aerospace & Defence flies
28th Jul 2016 16:42
(ShareCast News) - FTSE indices were mixed heading towards the closing bell on Thursday, with the blue-chip index helped south by oil stocks undermined by crude's weakness and Royal Dutch Shell's second-quarter shocker. "An unsurprisingly indecisive session in Europe has seen the likes of the FTSE l
Read moreBT beats profit forecasts for first quarter and confirms outlook
28th Jul 2016 08:05
(ShareCast News) - BT got off to an encouraging start to its financial year, with profits beating market expectations helped by a healthy contribution from the continuing integration of mobile arm EE since January's acquisition. On revenue up 35% to £5.78bn in the three months to 30 June, earnings b
Read moreBT's Openreach must legally separate but remain within group, says regulator
26th Jul 2016 07:16
(ShareCast News) - BT Group's infrastructure arm Openreach should be forced to become a legally distinct company with its own board, own staff and separate branding to give it independence from the larger group, a report from regular Ofcom confirmed on Tuesday. Shares in BT rose as the results of th
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