Cineworld hikes dividend as full year profit jumps
10th Mar 2016 08:20
(ShareCast News) - Cineworld posted a big jump in 2015 profit and hiked its dividend for the year as it opened more cinemas and benefited from blockbusters such as Jurassic World, Star Wars and Spectre. For the year to the end of December, pre-tax profit rose 48.1% to £99.7m as revenue increased to
Read moreNomura upgrades Cineworld on valuation grounds
27th Jan 2016 15:00
(ShareCast News) - Nomura upgraded Cineworld to 'buy' from 'neutral' with an unchanged price target of 588p saying the valuation is now attractive. It noted the stock underperformed the FTSE All-share index by 9% over the past three months, weakness Nomura attributed to high expectations for the fou
Read moreStar Wars and Hunger Games boost Cineworld's 2015 revenues
12th Jan 2016 07:35
(ShareCast News) - Cineworld Group said it anticipates the group's profit or 2015 to be in line with expectations after posting double digit revenue growth for the year. The FTSE 250 cinema operator posted a trading update on Tuesday ahead of its full year results due out in March. It showed total
Read moreCineworld passes 2,000 screen milestone
15th Dec 2015 10:22
(ShareCast News) - European movie theatre chain Cineworld said it now has more than 2,000 screens across the continent. Europe's second biggest cinema chain reached the milestone with the opening of its 217th cinema in Hinckley, Leicestershire, UK. Chief executive Mooky Greidinger said 2015 had see
Read moreBroker tips: Barclays, Cineworld, BT Group
30th Oct 2015 12:01
(ShareCast News) - Analysts at Goldman Sachs lowered their target price for shares of Barclays after the group guided to above consensus on costs, but gave short shrift to concerns about the now lower target from the lender for return-on -equity. The banking group lowered its target for return-on-eq
Read moreCanaccord Genuity draws the curtains on Cineworld, says it´s time to sell
30th Oct 2015 11:44
(ShareCast News) - Shares in Cineworld rose by a staggering 75% over the last twelve months, driven by a fantastic slate of films during that period, but the time had come to take some money 'off the table' a leading broker said on Friday. That will reach its climax in the present quarter, with thre
Read moreFriday broker round-up
9th Oct 2015 16:28
(ShareCast News) - Ferrexpo: UBS upgrades to neutral, cuts target price to 36.00p. Carillion: Investec Securities downgrades to hold. Target price: 300.00p. Weir Group: RBC Capital Markets downgrades to underperform, bumps down target price to 50.00p. United Utilities Group: Credit Suisse upgrades
Read moreFTSE 250 movers: Dunelm rallies on strong sales; Hays tumbles on cautious outlook
8th Oct 2015 13:50
(ShareCast News) - London's FTSE 250 index was down 0.3% to 16,978.38 at 1430 BST, as investors digested news that the Bank of England has decided to stand pat on interest rates and the size of its asset purchase programme, as widely expected. Dunelm was on the front foot after the homeware retailer
Read moreFTSE 250 movers: Cineworld leads risers while Ophir tumbles
13th Aug 2015 14:04
(ShareCast News) - London's FTSE 250 was up slightly by Thursday afternoon as the markets cooled after the People's Bank of China said it would stop fiddling with the yuan. The index was up by 0.65% at 17550.78 at 1407 BST. Leading the risers was Cineworld Group, which reported a revenue rise off s
Read moreFifty Shades drives Cineworld revenues up
13th Aug 2015 07:28
(ShareCast News) - Movie chain Cineworld posted revenues up by 22.5%, off the back of strong films such as "Fifty Shades of Grey", "Fast and Furious 7", and "Jurassic World." Shares in the stock climbed by 3.56% to 568p at 0807 BST. Cineworld posted group revenue of £329.1m from £268.6m, which i
Read moreBroker tips: Travis Perkins, Thomas Cook, Cineworld
5th Aug 2015 17:31
(ShareCast News) - Citigroup downgraded Travis Perkins to 'neutral' from 'buy' but raised its price target to 2,300p from 2,190p. The bank said the downgrade was a valuation call, as the shares have enjoyed a strong bounce since the start of the year and now reside on a relatively full multiple. Th
Read moreBarclays upgrades Cineworld to 'overweight' as shares rise.
5th Aug 2015 13:42
(ShareCast News) - Shares in movie theatre operator Cineworld rose as Barclays raised its rating for the stock to 'overweight' and upped its price target to 580p from 325p. Cineworld shares traded at 522.50p at 1359p, up by 1.65%. Analysts at Barclays said Cineworld was in a 'sweet spot' as the com
Read moreAnalysts hold forecasts on Cineworld despite positive outlook
7th Jul 2015 10:05
Analysts left ratings for Cineworld unchanged following a positive trading statement which recorded revenues up 11.2% for the first half of the year. Numis retained it's 'add' rating on the stock and a target price of 550p, while it noted the results were strong. "As expected, Cineworld's admission
Read moreCineworld upbeat, reports year on year revenue growth of 11.2%
7th Jul 2015 07:35
Cineworld reported total year on year revenue growth of 11.2% in the first 26 weeks of the year, with the movie theatre group buoyed by increasing ticket sales in most of the countries it operates. The FTSE 250 company said it was confident of delivering a full year performance in line with market e
Read moreCineworld Group CFO decides to step down
9th Jun 2015 13:43
Cineworld Group has announced that its chief financial officer (CFO) Philip Bowcock has decided to step down to pursue other interests. The company said it would begin searching for his replacement immediately. The interim role will be filled by deputy chief executive Israel Greidinger, who was the
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