Broker tips: Melrose, Ladbrokes, Cineworld
8th Oct 2013 12:16
Investec has upgraded its rating for industrial investment firm Melrose from 'add' to 'buy', saying it still sees upside potential following a slight underperformance. Dyett said that the company has shown through previous acquisitions that it is "capable of generating value from a range of busines
Read moreBroker snap: Cineworld forecasts to fall after competition ruling, says Panmure
8th Oct 2013 09:24
Panmure Gordon said it expects a reduction in consensus forecasts for Cineworld after the Competition Commission (CC) ruled that three cinemas must be sold due to the acquisition of City Screen. The CC on Tuesday confirmed its provisional findings that were published in August, saying that the deal
Read moreUK competition watchdog orders Cineworld cinema sale
8th Oct 2013 07:16
Regulators are to force cinema operator Cineworld to sell cinemas in three UK towns and cities over monopoly concerns about its deal to buy City Screen. The Competition Commission said Cineworld will have to off-load cinemas in each of Aberdeen, Bury St Edmunds and Cambridge because the acquisition
Read moreWednesday broker round-up UPDATE
21st Aug 2013 09:37
Anglo American: JP Morgan cuts target price from 1675p to 1655p keeping a neutral rating. Aquarium Platinum: Investec shifts target price from 46p to 48p and stays with its hold recommendation. ASOS: Deutsche Bank increases target price from 3800p to 4450p, while leaving its hold recommendation un
Read moreCineworld to sell some cinemas after competition inquiry
20th Aug 2013 08:36
A competition inquiry has ruled that Cineworld's December acquisition of rival City Screen would lead to a reduction in competition in some cities but could be resolved by selling cinemas. The Competition Commission, which replaced the Monopolies and Mergers Commission, stated that Cineworld could
Read moreFriday broker round-up UPDATE
16th Aug 2013 08:52
African Minerals: Barclays initiates with a target price of 220p and an underweight rating. Aviva: Exane downgrades to neutral with a target price of 403p. Avon Rubber: Investec ups target price from 470p to 500p, but downgrades from add to hold. AZ Electronic Materials: Deutsche Bank reduces tar
Read moreFriday tips round-up: Cineworld, SIG, Imperial Tobacco
16th Aug 2013 06:44
UK cinema chain Cineworld on Thursday posted an impressive set of first half results driven by a raft of 3D films including the musical Les Miserables, The Telegraph's Questor column said. With a strong film schedule in the second half of the year including the latest Hobbit film and Despicable Me 2
Read moreBroker tips: Copper miners, Aviva, Cineworld
15th Aug 2013 11:04
JPMorgan Cazenove has named diversified miner Glencore Xstrata its top pick amongst copper producers, while downgrading its rating for Antofagasta. Glencore Xstrata, which derives 35-40% of its EBITDA/NPV from copper, "stands out in our view", JPMorgan said, reiterating its 'overweight' rating and
Read moreBroker snap: Canaccord lifts Cineworld target after strong H1
15th Aug 2013 10:55
Canaccord Genuity has hiked its target price for cinema operator Cineworld after its strong first-half report on Thursday, saying that outlook for the rest of the year looks bright. The target price has been raised from 360p to 450p and the broker's 'buy' recommendation remains unchanged. Canaccor
Read moreCineworld H1 profits rise but matching Skyfall may be tough
15th Aug 2013 07:28
Cinema operator Cineworld unveiled higher first half profit and dividends, but it warned it would be tough to match the success of last year's Bond blockbuster Skyfall. Cineworld said pre-tax profit in the six months to June 27th rose 24.1% to £16.5m while revenue lifted about 22% to £201.6m. It in
Read moreWeek ahead: UK and US data barrage as results season lulls
9th Aug 2013 14:30
Results season takes a bit of a break over the course of the week ahead, with only a handful of FTSE 350 companies unveiling their numbers, while traders will be absorbed with a raft of economic data on the east and west sides of the Atlantic and Monday's GDP figures from Japan. After new Bank of
Read moreFriday broker round-up UPDATE
9th Aug 2013 07:29
Aquarius Platinum: Deutsche Bank lowers target price from 63p to 60p keeping a buy recommendation. Ashmore Group: HSBC ups target price from 400p to 435p, while keeping overweight rating. ASOS: UBS raises target price from 4600p to 6000p staying with its buy recommendation. Aviva: Bank of America
Read moreMonday broker round-up UPDATE
5th Aug 2013 07:06
Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N
Read moreTuesday broker round-up UPDATE
9th Jul 2013 07:53
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
Read moreThursday broker round-up UPDATE
4th Jul 2013 08:17
Aberdeen Asset Management: JP Morgan reduces target price from 573p to 476p and reiterates its overweight rating. Ashmore Group: JP Morgan cuts target price from 410p to 339p maintaining a neutral rating. ASOS: Jefferies raises target price from 2199p to 6200p and upgrades from underperform to buy
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