Thursday broker round-up
29th Oct 2015 09:10
(ShareCast News) - Diageo: Credit Suisse upgrades to outperform, bumps up target price to 2100.00p. Meggitt: WH Ireland downgrades to reduce. Centrica: Citigroup upgrades to buy. Target price: 260.00p. Bae systems: Credit Suisse downgrades to neutral, cuts target price to 460.00p. Wpp: JP Morgan
Read moreFriday broker round-up
16th Oct 2015 11:48
(ShareCast News) - Icap: Barclays downgrades to equal-weight, cuts target price to 500.00p. Diageo: HSBC starts new coverage with a hold, sets target price at 1830.00p. Centrica: RBC Capital Markets reiterates to outperform, bumps down target price to 280.00p. Gkn: Berenberg Bank reiterates to buy,
Read moreTuesday newspaper round-up: RBS, FCA, British Gas
22nd Sep 2015 05:56
(ShareCast News) - UK Financial Investments, the body charged with managing the state's holdings in RBS and Lloyds Banking Group, has been ordered by the Treasury select committee to explain why the government needed to commission a separate report into the sale from Rothschild, despite having an in
Read moreSunday share tips: Dairy Crest, Cluff Natural Resources, tightening cycle stocks
20th Sep 2015 15:08
(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales
Read moreUnited Utilities rallies on Bernstein upgrade; Centrica also lifted
7th Sep 2015 14:31
(ShareCast News) - United Utilities rallied after Bernstein upgraded the stock to 'outperform' from 'market perform' and lifted the price target to 1,050p from 1,040p. It said the upgrade was motivated by the valuation gap that has opened between it and Severn Trent since it downgraded both stocks t
Read moreMorgan Stanley recommends adding exposure to European stocks
26th Aug 2015 09:33
(ShareCast News) - The ongoing weakness in emerging markets and China won't significantly dent the European economy, Morgan Stanley said in its most recent equity strategy note. The bank said it expects equities to be higher in three months, adding that current volatility in markets is likely to be
Read moreFTSE 100 movers: Shell rallies on better-than-expected earnings, but Centrica drops after announcing job cuts
30th Jul 2015 15:56
(ShareCast News) - London's top-flight index was up 0.6% at 6,670 by 15:41 BST, as investors waded through a raft of earnings reports. Royal Dutch Shell and BG Group were both sharply higher after Shell's second-quarter results beat expectations. The Anglo-Dutch oil major posted adjusted profits of
Read moreCentrica to cut 4,000 jobs; first-half profit almost doubles
30th Jul 2015 08:08
(ShareCast News) - British Gas owner Centrica announced that it will cut up to 4,000 jobs following a strategic review as it posted a near doubling of its first-half profits. Half of the losses are expected to come through turnover and attrition and half through redundancies. The company said it wil
Read moreCentrica appoints new CFO
29th Jul 2015 10:24
(ShareCast News) - Jeff Bell has been appointed as Centrica's new chief financial officer (CFO), the energy company confirmed on Wednesday. Bell, who was appointed as interim CFO on 1 September 2014, following the departure of Nick Luff, will step into his new role on 1 August, the owner of British
Read moreBroker tips: Centrica, RSA Insurance, Aveva
28th Jul 2015 17:09
(ShareCast News) - Investec upgraded shares of Centrica to 'buy' from 'hold' and raised its price target to 300p from 250p for two reasons. Firstly, it said fear of a potential 'black sky' restructuring of the UK energy sector has now abated. Secondly, an imminent strategy day gives Centrica the cha
Read moreInvestec upgrades Centrica to 'buy'
28th Jul 2015 13:34
(ShareCast News) - Investec upgraded shares of Centrica to 'buy' from 'hold' and raised its price target to 300p from 250p for two reasons. Firstly, it said fear of a potential 'black sky' restructuring of the UK energy sector has now abated. Secondly, an imminent strategy day gives Centrica the cha
Read moreFTSE 100 movers: Reckitt Benckiser, Randgold, Centrica
27th Jul 2015 18:48
(ShareCast News) - Reckitt Benckiser bumped up its target for like-for-like revenue growth and investors did the same with stock in the consumer goods giant. Pre-tax profit for the six months ended 30 June came in at £912m from £838m in the same period last year, on net revenue of £4.36bn, up 4% fro
Read moreCentrica gets a leg-up from RBC upgrade to 'outperform'
27th Jul 2015 10:37
(ShareCast News) - Centrica got a boost after RBC Capital Markets upgraded the stock to 'outperform' from 'underperform' and raised its price target to 320p from 240p, saying it has fundamentally changed its view following deeper analysis of retail operations. "As a result of attractive financials a
Read moreSunday newspaper round-up: Bwin.party, Scotland, Greece
26th Jul 2015 16:20
(ShareCast News) - The owner of Sportingbet has teamed up with an aggressive American hedge fund to roar back into contention for Bwin.Party Digital Entertainment with a £1bn takeover bid. GVC, an online gambling company listed on AIM, the junior London stock market, is understood to have joined for
Read moreSunday newspaper round-up: Bwin.party, Scotland, Greece
26th Jul 2015 16:20
(ShareCast News) - The owner of Sportingbet has teamed up with an aggressive American hedge fund to roar back into contention for Bwin.Party Digital Entertainment with a £1bn takeover bid. GVC, an online gambling company listed on AIM, the junior London stock market, is understood to have joined for
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