9th Nov 2012 09:50
Balfour Beatty: Credit Suisse downgrades to neutral, target cut from 361p to 275p; Citi downgrades to neutral, target cut from 372p to 270p. Big Yellow: Citi downgrades to neutral, target lifted from 330p to 360p. Dairy Crest: JPMorgan Cazenove initiates coverage with overweight rating and 404p ta
Read more8th Oct 2012 07:39
Troubled accountancy group RSM Tenon has disposed of its Individual Voluntary Arrangements business to financial services firm Grant Thornton. RSM Tenon, with a market cap of only £17m, has been attempting to cut debt, which at its last year end stood at £65.7m. It will receive net cash of around
Read more8th Oct 2012 07:15
Storage firm Big Yellow Group said it had taken out a new debt facility, at the same time cutting back on its total borrowing. The company has taken a £190m four year bank facility with Lloyds TSB, HSBC and Santander, which expires in September 2016. The new debt replaces the group's existing £
Read more7th Sep 2012 16:07
European Central Bank Chairman Mario Draghi is as popular today as the guy who stands in the bar and shouts 'the drinks are on me', after he unveiled the central bank's commitment to hoover up sovereign debt of Eurozone countries in the secondary market. The move has prompted a rally worldwide by s
Read more31st Aug 2012 16:42
Simon Denyer, a joint Chief Executive Officer of Perform, sold around 1.1m shares on Friday, just one day after the digital sports media company announced it had swung to a profit in the first half of the year. Denyer (and related parties) sold a total of 1,100,720 shares for £4.15m. He also made
Read more7th Aug 2012 09:22
AB Foods: Nomura cuts target from 1,400p to 1,380p, buy rating kept. BBA Aviation: Jefferies keeps buy rating and 250p target. Big Yellow: Goldman Sachs upgrades to conviction buy, target lifted from 360p to 390p. Devro: Investec keeps buy rating and 355p target. Diageo: Investec lifts target fr
Read more10th Jul 2012 08:18
WPP: JP Morgan upgrades to outperform from neutral. AMEC: BarCap raises target from 1,340p to 1,350p, underweight rating kept. ASOS: Peel Hunt keeps buy rating and 1,800p target. AstraZeneca: BarCap keeps equal weight rating. Betfair: Nomura cuts target from 1,070p to 946p, buy rating unchanged.
Read more10th Jul 2012 07:25
Big Yellow Group said its focus on London and the South East had helped it grow revenues ahead of expectations in the first quarter. But with the introduction of VAT on self storage from October set to weigh on profits, the firm said that it was considering legal action to stop it. "HM Treasury is
Read more6th Jul 2012 09:35
Aviva: SocGen upgrades to hold from sell. Aberdeen: UBS cuts target from 310p to 300p, buy rating unchanged. Associated British Foods: Nomura raises target from 1,375p to 1,400p, buy recommendation unchanged. AstraZeneca: Jefferies downgrades from buy to hold, target left at 2,975p. AVEVA: Beren
Read more14th Jun 2012 16:11
Shares in Fidessa Group have fallen by almost a pound from 1540p at the end of May, prompting Chairman John Hamer to have a little nibble. Hamer spent £15,631 buying 1,078 shares at 1,450p each, a day after FMR LLC, a part of fund management group Fidelity Investments, said it had reduced its stake
Read more23rd May 2012 06:54
Questor in the Telegraph goes back in to bat for one of his tips of the year, publishing and events company Informa. Currently trading at just 8.9 times 2012 earnings and yielding five per cent the maths look good. The firm runs 9,000 conferences annually, from which it ought to be able to milk stro
Read more22nd May 2012 07:16
Self storage brand Big Yellow posted an 8 per cent annual increase in store revenue as it slipped into a pre-tax loss amid a persistently weak macroeconomic background. The group made a statutory pre-tax loss of £35.6m for the year ended 31 March 2012 compared to a profit of £6.9m last year. This
Read more26th Apr 2012 08:05
Storage firm Big Yellow has completed the first stage of its refinancing programme after taking out a 15-year loan with Aviva Commercial Finance. The £100m loan is secured by a portfolio of 15 freehold self-storage centres, which were valued at £242.1m at the end of February. The firm said the mon
Read more26th Mar 2012 07:47
Big Yellow Group, still reeling from last week's Budget bombshell that the government is contemplating obliging self-storage firms to charge value added tax (VAT), cheered shareholders with news of the continued recovery of occupancy levels at its units. Growth so far in 2012 in its 53 wholly owne
Read more22nd Mar 2012 16:57
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks After a steep fall early on, London's blue chips traded broadly sideways for the remainder of the day as gloomy economic data weighed on senti
Read more