Big Yellow co-founder to step down
30th Apr 2013 09:06
Self storage company Big Yellow Group has announced that Philip Burks, one of its co-founders, is planning to retire from his role as Non-Executive Director at the annual general meeting on July 19th. The position will be filled by Georgina Harvey, who was the Managing Director of the Regionals di
Read moreThursday broker round-up UPDATE
18th Apr 2013 07:16
African Barrick Gold: Investec reduces target price from 315p to 286p keeping a hold recommendation. BHP Billiton: JP Morgan cuts target price from 2380p to 2330p, while leaving its neutral rating unchanged. Deutsche Bank lowers target price from 2350p to 2334p keeping a buy recommendation. Big Ye
Read moreJupiter Fund Management Chief disposes of 750,000 shares
18th Mar 2013 16:28
Edward Bonham Carter, the Group Chief Executive of Jupiter Fund Management, has traded in 2.65m pounds-worth of shares just a few weeks since the group boosted its total dividend for 2012 by 13 per cent. Bonham Carter sold 750,000 shares at 350.75p a time, making a modest dent in his stake which n
Read moreMonday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
Read moreWednesday broker round-up UPDATE
13th Feb 2013 07:47
API Group: Numis shifts target price from 70p to 67p downgrading to hold. Barclays: Morgan Stanley raises target price from 386p to 400p keeping an overweight rating. Credit Suisse increases target price from 250p to 290p, while leaving its neutral rating unchanged. JP Morgan ups target price from
Read moreMonday broker round-up UPDATE
4th Feb 2013 07:17
Antofagasta: Nomura lowers target price from 1400p to 1250p and keeps a neutral rating. Aviva Group: Barclays cuts target price from 317p to 302p leaving its underweight rating unaltered. Beazley: Berenberg starts with a target price of 217p and a buy recommendation. Big Yellow Group: UBS reduces
Read moreBurberry director cuts stake with 400k-pound share sale
23rd Jan 2013 16:03
A director at Burberry sold over 400,000 pounds-worth of shares in the luxury brand company this week, the firm said on Wednesday. Pascal Perrier, the President of Burberry's Asia Pacific division, sold 30,000 ordinary shares at 1366.8p a pop on January 22nd. The sale, which amounts to £410,040, w
Read moreBig Yellow announces big fund raising plans
23rd Jan 2013 07:35
Self-storage group Big Yellow said it would create up to 10m new shares in a bid to pay down debts, increase dividends and expand its sites. The new shares will make up 7.5% of the company's total issued share capital and will be offered to existing shareholders and new institutional investors. Th
Read moreWednesday broker round-up UPDATE
23rd Jan 2013 07:05
Aberdeen Asset Management: Societe Generale downgrades to hold, while its target price of 375p is not altered. Amara Mining: Investec reduces target price from 89p to 83p and reiterates a buy recommendation. Associated British Foods: Jefferies raises target price from 1365p to 1650p keeping a hold
Read moreOccupancy down after quiet quarter for Big Yellow
14th Jan 2013 07:25
Self-storage group Big Yellow said that 2013 has started well with trading patterns returning to normal following a seasonal weak festive period. The firm's third quarter (three months to December 31st 2012), its seasonally weakest, saw occupancy in its 54 wholly-owned stores fall by 139,000 square
Read moreTuesday broker round-up UPDATE
27th Nov 2012 07:19
Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3
Read moreBig Yellow profit soars
20th Nov 2012 07:09
Self storage firm Big Yellow said the subdued economy, higher interest costs and VAT on storage continues to weigh on earnings, but it still managed to post a strong rise in adjusted profit before tax. Adjusted pre-tax profit climbed to £13.9m in the six months ended September 30th from £11.6m a ye
Read moreFriday broker round-up
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 moreDebt-laden RSM Tenon disposes of IVA business
8th 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 moreBig Yellow refinances and cuts debt
8th 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 £
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