Jefferies upgrades Compass, sees recent weakness as buying opportunity
20th Aug 2015 11:01
(ShareCast News) - Jefferies upgraded Compass Group to 'buy' from 'hold' and lifted the price target to 1,200p from 1,100p. It said the recent 15% pullback in the shares provides an opportunity to become more positive. It noted that Compass shares have dropped 15% since their April peak as the mark
Read moreFTSE 100 movers: GSK and Hikma lead blue chips higher
29th Jul 2015 15:24
(ShareCast News) - The FTSE 100 index built an early lead on Wednesday and stayed in positive territory thanks to forecast-busting results from several heavyweights in the pharma, tobacco and banking sectors. London's blue chip index was up 0.57% to 6,592.54 at 1435 BST. Top of the leaderboard mid-
Read moreCompass Group shares fall on restructuring warning
29th Jul 2015 08:44
(ShareCast News) - Shares in Compass Group fell after it warned the costs of a new restructuring plan would impact full year operating margins, after third quarter results were mostly in line with forecasts. The new restructuring has been launched as its fast growing and emerging (FG&E) markets are
Read moreCompass appoints non-executive directors
16th Jul 2015 17:21
(ShareCast News) - Food services firm Compass has appointed two new directors as part of an ongoing review of board membership. Ireena Vittal and Nelson Luiz Costa Silva will join as non-executive directors of the Company, effective immediately, Compass said. Compass said Vittal, an Indian native,
Read moreLondon midday: Stocks rise after UK construction data, but gains limited
2nd Jul 2015 12:10
The FTSE 100 edged higher on Thursday after a strong reading of UK construction activity, though gains were limited amid ongoing uncertainty in Greece and ahead of a closely-followed report on the US labour market. The UK construction sector bounced back in June, according to a higher-than-expected
Read moreFTSE 100 movers: Travel stocks rebound, but supermarkets dip on Kantar data
30th Jun 2015 13:06
UK stocks extended losses on Tuesday, as the recovery in travel stocks was offset by weakness in supermarkets and miners. As of 14:30 BST, the FTSE 100 was trading 0.6% lower at 6,583. Travel stocks including TUI, Easyjet and IAG rebounded from Monday's losses, which followed disruption to tourism
Read moreLondon midday: Stocks pare losses as investors hope for last-minute Greek deal
30th Jun 2015 11:05
UK stocks were trading in the red again on Tuesday, but had bounced off their lows by lunchtime as investors digested the latest news flow from Greece. The FTSE 100 was trading 0.6% lower at 6,583.15 by midday, having bounced off an intraday low of 6,540.52 early on. The index has not closed below t
Read moreBroker tips: HSBC, Compass, Foxtons, Standard Life
30th Jun 2015 10:37
Goldman Sachs has removed banking giant HSBC from its 'conviction buy' list and cut its recommendation on the stock to 'neutral', slashing its target price from 760p to 690p. Goldman said its investment case on HSBC was predicated on a strategic shift towards geographic streamlining and meaningful i
Read moreSocGen cuts Compass to 'sell' as least well positioned in catering sector
30th Jun 2015 09:22
With several trends set to benefit the European economy, Societe Generale's scrutiny of the contract catering sector picked out Elior as its preferred stock and saw Compass downgraded to a 'sell'. "Given its high sensitivity to the economy, the contract catering industry should benefit from a declin
Read moreLondon open: FTSE drops to January lows on Grexit fears
30th Jun 2015 08:48
UK stocks were trading at levels not seen since the start of the year on Tuesday morning as fears about a Greek exit from the Eurozone intensified. With Greece's current bailout set to expire on the same day that Athens faces a debt repayment to the IMF, investors were once again scaling back their
Read moreLondon close: Stocks snap five-day winning streak as Greek hopes fade
25th Jun 2015 17:12
UK stock markets finished in the red for the first time in six days on Thursday after another Eurogroup meeting failed to result in a deal for Greece, leaving Athens one step closer to defaulting on its debts. The FTSE 100, which had hit a high of 6,869.04 in morning trade, settled 36.98 points lowe
Read moreFTSE 100 movers: Admiral hit by downgrade, Tesco higher on bid speculation
25th Jun 2015 13:29
UK stocks inched lower on Thursday as investors continued to fret over the Greek debt crisis, with creditors issuing an ultimatum to Prime Minister Alexis Tsipras. As of 14:00, the FTSE 100 was trading 0.3% lower at 6,825. Insurer Admiral declined after Citigroup downgraded the stock to 'sell' from
Read moreLondon midday: Stocks inch higher as Greek crisis comes down to the wire
25th Jun 2015 11:30
UK stock markets swung into positive territory on Thursday though gains were only modest as investors awaited further news on the Greek debt crisis, after creditors issued an ultimatum to Prime Minister Alexis Tsipras. As negotiations over the next tranche of bailout aid come down to the wire, lende
Read moreLondon open: Stocks snap winning streak as Greek hopes fade
25th Jun 2015 08:36
UK stocks snapped a five-day winning streak on Thursday morning as hopes for an overnight Greek debt deal were dashed, with Athens and its creditors failing to come to an agreement. The FTSE 100 was trading 0.21% lower at 6,830.50 early on. Greece remained "firm on its position", according to a Gre
Read moreMonday newspaper round-up: Greece, RBS, Altice/Bouygoes Telecom
22nd Jun 2015 06:43
Greek creditors are hoping to secure a deal to stop Athens defaulting and leaving the euro by extending its bailout by six months and supplying up to €18n in rescue funds, writes The Guardian. However, officials stressed that progress hinged on a positive response from Greek PM Alexis Tsipras. RBS i
Read more