Broker tips: BT, Sage, Compass, Thomas Cook
26th Nov 2014 12:26
UBS has speculated that if BT follows through with its current talks to buy O2 or EE it would become less aggressive in the forthcoming Premier League rights auction and produce a better outcome for Sky. "We think concerns about Sky losing the EPL rights are weighing on investor sentiment but we are
Read moreLondon midday: Mining stocks and telecoms M&A give FTSE a lift
26th Nov 2014 11:42
Decent gains from miners and M&A speculation in the telecoms sector gave UK stocks a boost on Wednesday, along with data which confirmed that the British economy expanded as expected in the third quarter. London's FTSE 100 was up 0.2% at 6,747 by midday, with resource shares leading the charge, rebo
Read moreCompass delivers solid results but The Share Centre stays at 'hold'
26th Nov 2014 10:02
Compass' full-year results were "solid", according to The Share Centre, but the broker said the catering stock's valuation looks "full". "Global catering group Compass delivered a solid set of full-year results this morning which were in line with market expectations," said analyst Ian Forrest. The
Read moreLondon open: UK stocks rise ahead of GDP data, but Thomas Cook sinks
26th Nov 2014 09:21
UK stocks advanced on Wednesday as investors adopted an optimistic approach ahead of gross domestic product (GDP) figures in the UK. London's FTSE 100 was up 0.4% at 6,755 in early deals, with mining stocks leading the charge after recent weakness, though results from blue chips Wolseley, Compass an
Read moreLondon pre-open: UK stocks to rise, Thomas Cook CEO departs
26th Nov 2014 07:34
Gains on Asian markets overnight are expected to feed into a higher open for stocks across Europe as investors await gross domestic product (GDP) figures in the UK. City sources predict the FTSE 100 will open around 10 points higher than yesterday's close of 6,731.14. UK GDP grew by 3% in the third
Read moreCompass hikes annual dividend after 'another good year'
26th Nov 2014 07:11
Catering group Compass lifted its annual dividend by over a tenth after an improvement in both sales and profits in the year to 30 September. The company, which provides food and catering services to the schools, government and hospitality markets, said revenues totalled £17.1bn, up 4.1% on last yea
Read moreWednesday preview: UK GDP, US durable goods orders, Compass reports
25th Nov 2014 15:49
UK gross domestic product (GDP) grew by 3% in the third quarter, the Office for National Statistics is expected to confirm on Wednesday. Ahead of the release, a Bank of England (BoE) Governor Mark Carney on Tuesday said the prolonged slowdown in Eurozone poses the biggest threat to the UK economy.
Read moreTesco beefs up board with Compass boss and ex-IKEA chief
6th Oct 2014 07:02
The boss of catering group Compass and the former chief of Swedish furniture giant IKEA are to join the board of Tesco, the UK supermarket announced on Monday morning. Richard Cousins, who has been the group chief executive officer (CEO) of Compass since 2006, "will bring valuable UK and internation
Read moreTuesday broker round-up UPDATE
30th Sep 2014 09:50
Aberdeen: Goldman Sachs ups target price from 540p to 560pp retaining a buy recommendation. African Barrick Gold: Deutsche Bank moves target price from 270p to 280p and reiterates a hold recommendation. Investec lowers target price from 260p to 258p, while upgrading to buy. African Minerals: Invest
Read moreCompass reports good fourth quarter after strong growth in North America
29th Sep 2014 08:15
New business wins, good retention rates and inflationary price increases all helped Compass Group achieve a good performance in the fourth quarter. Regionally, the support services company saw further strong growth in its North America and Fast Growing and Emerging regions and a continued improvemen
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreLondon midday: UK stocks flat ahead of US data, Fed decision
30th Jul 2014 11:42
- Corporate earnings receive mixed market reaction - Barclays, Travis Perkins and Astra rise - Antofagasta, ITV and Compass fall - US data, Fed decision in focus later on techMARK 2,783.73 +0.05% FTSE 100 6,803.99 -0.06% FTSE 250 15,675.20 -0.08% The FTSE 100 was trading broadly flat on Wednesday,
Read moreCompass improves margin and revenues but currency impact grows
30th Jul 2014 08:08
- Q3 organic revenue up 4% - Operating margins up 10bps - FY expectations maintained Catering and facilities management giant Compass served up a healthy third quarter of trading, improving margin across the group as revenue growth in North America remained strong while Europe and Japan improved.
Read moreTuesday broker round-up UPDATE
29th Jul 2014 09:37
Abderdeen Asset Management: Berenberg cuts target price from 530p to 510p and maintains a buy recommendation. African Barrick Gold: Numis takes target price from 260p to 330p upgrading from hold to buy. Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold
Read moreLondon open: Stocks fall for second day on profit-taking
8th Jul 2014 09:11
- Investors continue to take profits after recent rally - Fed, Alcoa Q2 report in focus - M&S impresses with clothing improvement - Miners rise, airlines fall techMARK 2,827.25 -0.58% FTSE 100 6,811.08 -0.18% FTSE 250 15,792.64 -0.63% UK stocks declined for a second day on Tuesday as a lack of pos
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