Wednesday preview: Compass, Cineworld
15th May 2012 16:01
Interim results from contract caterer Compass should show the benefit of new contract wins and high retention rates. The figures could show revenue growth of 8.5% and organic growth of 5%, according to Charles Stanley analyst Tony Shepard. The broker is forecasting pre-tax profit of £560m, up from
Read moreThursday broker round-up - UPDATE
8th Mar 2012 09:31
Admiral: Nomura raises target from 1,100p to 1,300p, buy rating kept; Collins Stewart ups target from 975p to 1,110p, hold rating kept; Credit Suisse reiterates outperform rating and 1,300p. Afren: UBS raises target from 140p to 150p, buy rating maintained. Amlin: Jefferies raises target from 317p
Read moreBlockbusters fuel Cineworld profit rise
8th Mar 2012 08:13
Cinema chain Cineworld posted almost a 10% rise in annual pre-tax profit as movie goers continued to see the year's big blockbusters despite tough economic times. Pre-tax profit rose to £33.4m for the 52 weeks ended 29 December 2011 compared to £30.4m the year before. Group revenue rose 1.5% to £
Read moreMonday broker round-up - UPDATE
6th Feb 2012 09:12
Supergroup: Oriel Securities upgrades to buy from hold. Glencore: Jefferies ups target from 525p to 575p, confirms buy rating; Credit Suisse maintains outperform rating and 550p target. Royal Dutch Shell: Credit Suisse downgrades from outperform to neutral, cuts target from 2,750p to 2,600p. Xst
Read moreFriday tips round-up: Tullett Prebon, ICAP, Cineworld
6th Jan 2012 06:55
The Times's Tempus column takes a look at the inter-dealer broker Tullet Prebon which yesterday released results showing revenues flat on 2010 at £910m. Tempus points out that after stripping out exceptional items, including office closures in the US and an acquisition in Brazil, performance was ac
Read moreCineworld annual revenue rises 1.5%
5th Jan 2012 07:44
Cinema chain Cineworld posted a 1.5% increase in total revenue for the 52 weeks to 29 December 2011 and expects full year profitability to be in line with market expectations. In its pre close trading update the group said net box office income rose 2.7% in the last 52 weeks while retail income sli
Read moreMonday broker round-up - UPDATE
12th Dec 2011 09:30
Xstrata: UBS cuts target from 1,550p to 1,450p, buy rating unchanged AstraZeneca: Credit Suisse reiterates underperform rating and 2,600p target. Standard Chartered: Investec reduces target from 1,650p to 1,550p, hold rating maintained. British American Tobacco: Investec raises target from 3,100p
Read moreThursday tips round-up: Shaftesbury, Cineworld, Christmas shares
1st Dec 2011 07:06
The Tempus column in The Times ponders which stocks would fit into a share portfolio consisting of stocks exposed to London and the South East only, and suggests that one would be Shaftesbury, the property company whose assets consist almost entirely of shops, restaurants and bars in the West End. I
Read moreDigital Look broker talk
30th Nov 2011 10:46
International Power: "While other UK utilities are facing a challenging growth against the backdrop of a difficult economic environment, IPR offers attractive growth prospects...IPR remains our preferred stock in the UK space, and one of our top picks at a sector level" [Nomura]. Marston's: "Marsto
Read moreWednesday broker round-up - UPDATE
30th Nov 2011 09:42
Weir: UBS increases target from 2,400p to 2,500p, buy rating kept. BG Group: Nomura ups target from 1,750p to 1,850p, buy rating unchanged. BHP Billiton: Investec reiterates buy rating and 1,919p target. International Power: Nomura cuts target from 410p to 390p, buy recommendation kept. Sage: In
Read moreTVC Holdings founder invests
9th Sep 2011 16:33
The chairman and founder of TVC Holdings, an investment firm focused on Irish companies, has upped his stake in the company, spending about £300,000. Shane Reihill took 500,000 shares at €0.70 a time and now has 21,668,322, which is about 21.4% of the company. Reihill founded TVC in 1997. He also
Read moreLondon close: Stocks slump again
18th Aug 2011 16:40
Volatility returned with a vengeance on Thursday, with the leading share index slumping back towards the lows it hit last week. The day got off to a bad start after a gloomy report on global economic growth from Morgan Stanley and things got worse after some more poor figures from the US. The glob
Read moreBroker tips: Henderson, Cineworld, PV Crystalox
18th Aug 2011 12:20
UBS scaled back its numbers for fund manager Henderson Group on Thursday as a consequence of "lower market levels and lower flows." "Given the cautious outlook for the retail segment, we are now looking for modest outflows in [the second half] from this segment, versus healthy net flows of circa £4
Read moreLondon midday: More losses amid global worries
18th Aug 2011 12:03
London's leading share index is nursing heavy losses now, with global worries over economic growth continuing to hurt sentiment. Miners are among the worst performers, with Kazakhmys, Vedanta and Rio Tinto deep in the red. FTSE 100 mining giants Anglo American, BHP Billiton and Xstrata also fall d
Read moreBroker snap: Cineworld's results 'robust', says Panmure
18th Aug 2011 11:54
Panmure Gordon has maintained its buy rating on cinema group Cineworld following the firm's "robust interim results" released on Thursday. Pre-tax profit for the six months to 30 June fell to £6.9m, from £11.8m in the first half of 2010, "because of the one-off, non trade related items of £3.2m and
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