Greene King CEO sells a chunk of share awards
11th Dec 2012 15:57
Rooney Anand, the Chief Executive of pubs group Greene King, pocketed nearly half a million pounds yesterday by selling off a portion of the shares he was awarded under the company's long-term incentive awards (LTIP) a few years back. Under the LTIP awards that were granted to a number of senior ex
Read moreFriday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreCineworld places shares to raise funds for acquisition
6th Dec 2012 09:08
Cineworld Group has announced its plans to place up to 6.40m new shares, equal to 4.5 per cent of the company's currently issued share capital, to fund in part the acquisition of City Screen Group, which trades as Picturehouse. A number of directors in the company have already said they plan to su
Read moreThursday broker round-up UPDATE
29th Nov 2012 07:27
Aberdeen Asset Management: Morgan Stanley raises target price from 365p to 375p; keeping an overweight rating. ASOS: Societe Generale raises target price from 2500p to 2530p and reiterates its hold recommendation. Babcock International: UBS downgrades from buy to neutral. Barratt Developments: HS
Read moreWednesday tips round-up: Capita, CRH and Cineworld
14th Nov 2012 06:42
Capita, which has 68 per cent of its existing work pipeline coming from the public sector, says that the expected public sector outsourcing work was beginning to flow through at last. The company is back to organic growth, a 6% rise in the second half expected to contrast with a flat outcome in the
Read moreSpend per user rises at Cineworld
13th Nov 2012 09:02
The number of bums on seats continued to decline at cinemas operator Cineworld in the second half of 2012, with the Olympics proving a tempting distraction to many cinema goers, but increased ticket prices ensured the top line did not dip too much. Total revenues in the 19 weeks from June 29th were
Read moreBoffo box office bonanza boosts Cineworld
16th Aug 2012 11:02
Cinemas operator Cineworld Group has bumped up its dividend by even more than its ticket prices after box office takings, rather than sales of overpriced sweets and fizzy drinks, drove earnings growth in the first half of 2012. For the 26 week period ended June 28th, revenues were 1.1% higher after
Read moreThursday broker round-up
16th Aug 2012 10:06
Aegis: UBS downgrades to neutral. Babcock: Espirito Santo downgrades to neutral. Balfour Beeatty: HB Markets downgrades to hold; Deutsche Bank downgrades to hold. BG Group: Morgan Stanley downgrades to equal weight. Capital Shopping Centres: Oriel Securities upgrades to hold. Carclo: N+1 Brewin
Read moreSunday newspaper round-up: StanChart, Food prices, Aviva
12th Aug 2012 17:01
Standard Chartered has embarked on a last-ditch push to secure a settlement with American prosecutors over money laundering allegations ahead of a crunch meeting on Wednesday. The British bank was last week accused by a New York state regulator of illegally processing $250bn (£160bn) of payments for
Read moreSunday share tips: Aviva, Cineworld, Energetix
8th Jul 2012 18:04
The market appeared a little underwhelmed by Aviva's new strategy, with shares rising 1.1 per cent after they were unveiled on Thursday. However, the plan put together by chairman John McFarlane looks sensible. The strategy seeks to improve profitability, capital discipline and cash generation so th
Read moreFriday tips round-up: GKN, Babcock, Cineworld
6th Jul 2012 07:02
In the Telegraph, the Questor column is very happy with engineering firm GKN's takeover of Volvo's engine division for 633m pounds. The deal pushes the group into becoming one of the top 10 suppliers to the commercial aircraft industry. GKN also trades at a relatively modest 8.3 times earnings. Que
Read moreThursday broker round-up:
5th Jul 2012 08:06
Aquarius Platinum: Canaccord Genuity downgrades to hold. ARM Holdings: Jefferies maintains hold rating and 485p target. Ashmore: Citigroup cuts target from 400p to 350p, neutral rating kept. Babcock: Jefferies keeps buy recommendation and 970p target. Bellway: UBS raises target from 800p to 900p
Read moreAdmission levels dip at Cineworld
5th Jul 2012 07:59
Cinema chain Cineworld reported a small increase in revenue at the interim stage despite a fall in admissions, and remains confident of delivering growth for the full year in line with current market expectations. The group saw a 1.1% increase in revenue during the 26 weeks ended June 28th. Box Off
Read moreCineworld confident for year ahead
16th May 2012 10:34
Cinema chain Cineworld said total revenues increased 6.3 per cent for the 19 weeks to 10 May 2012 and remains confident about delivering growth in the year ahead. Cinemagoers are expected to flock to blockbuster The Avengers and American Pie: Reunion. The Avengers, based on the Marvel comics superh
Read moreWednesday broker round-up - UPDATE
16th May 2012 08:26
Babcock: UBS raises target from 880p to 950p, buy recommendation unchanged. Barclays: UBS upgrades from neuter lot buy, target cut from 272p to 215p. Cineworld: Merchant Securities maintains buy rating and 244p target. Compass Group: Numis upgrades from add to buy, target left at 750p. Experian:
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