CRH lifts first-half earnings estimate by EUR 100m
22nd Jul 2016 07:10
(ShareCast News) - CRH lifted its earnings estimate on Friday, as a result of exceptional trading in the second quarter. The FTSE 100 firm had indicated on 27 April that total group EBITDA for the first half of 2016 was expected to be close to €1bn. "Based on the trading performance in the latter p
Read moreThursday broker round-up
14th Jul 2016 11:01
(ShareCast News) - Poundland: HSBC reiterates hold with a target price of 222p. Burberry: UBS keeps at buy with a 1650p target. Acacia: Jefferies reiterates buy with a 640p target. Genel: UBS stays at neutral with a 130p target. Asos: Goldman Sachs downgrades to neutral with a target price of 510
Read moreBroker tips: Tesco, Mitchells & Butlers, CRH
25th May 2016 16:12
(ShareCast News) - Calculating that Tesco's sales performance at larger stores is likely to be worse than reported and that margins should be "permanently rebased lower", Credit Suisse has cut its earnings estimates and its target price on the supermarket group. Credit Suisse cut its TP to 115p from
Read moreJP Morgan expects boost for CRH from higher US government spending
25th May 2016 12:19
(ShareCast News) - CRH was well-placed to benefit from recently passed legislation Stateside to boost spending on infrastructure, analysts at JP Morgan said. Based just on guidance from US aggregates companies there was 7% upside to then current estimates for the company´s earning per share in 2016,
Read moreLondon pre-open: Stocks seen touch lower as eyes turn to Fed
27th Apr 2016 07:26
(ShareCast News) - London stocks were expected to open a little lower on Wednesday following a lacklustre session on Wall Street and losses in Asia, as investors digested disappointed earnings from tech giant Apple and looked to the Federal Reserve rate announcement. The FTSE 100 was seen starting s
Read moreCRH says first quarter sales up 9%
27th Apr 2016 07:01
(ShareCast News) - Buildings materials firm CRH said a positive trading backdrop in its major markets resulted in a 9% increase in first quarter sales compared 2015 on a constant currency basis. Trading sales also include the now integrated LH Assets and CRL and exclud all divested entities and one-
Read moreLondon close: Stocks jump on gains in big pharma and rally in oil prices
6th Apr 2016 16:46
(ShareCast News) - London stocks advanced on Wednesday as oil prices regained strength and investors awaited the Federal Reserve's meeting minutes, which were due out later in the day. Oil prices rose, lifted by a 'bullish' report on the state of weekly US stockpiles of commercial crude. Hopes t
Read moreBroker tips: CRH, Cranswick, Rotork
6th Apr 2016 13:59
(ShareCast News) - The gloom hanging over emerging markets might be lifting on a 'tactical' basis, but the poor outlook for cement prices in that geography was set to drive a wedge between European building materials firms exposed to them versus those with a greater relative footprint in the US and
Read moreJP Morgan upgrades CRH
6th Apr 2016 13:19
(ShareCast News) - The gloom hanging over emerging markets might be lifting on a 'tactical' basis, but the poor outlook for cement prices in that geography was set to drive a wedge between European building materials firms exposed to them versus those with a greater relative footprint in the US and
Read moreFTSE 100 movers: Retail sales, oil prices drag on index
24th Mar 2016 15:24
(ShareCast News) - The FTSE 100 was trading down on Thursday afternoon as investors ended the week early for Good Friday, with poor UK retail sales and falling oil prices dragging the benchmark down. Kingfisher Group was among the top risers, after its stock had its 'buy' rating reaffirmed by equiti
Read moreLondon close: FTSE closes lower as traders sift through data
3rd Mar 2016 16:07
(ShareCast News) - The FTSE 100 closed in the red on Thursday following a batch of downbeat economic data. UK services activity declined much more than expected in February as economic growth slowed to its weakest for almost three years, according to Markit/CIPS data. The Markit/CIPS services purch
Read moreCRH reports jump in full-year operating profits
3rd Mar 2016 07:20
(ShareCast News) - CRH saw operating profits jump last year, driven by a strong performance at its heritage businesses and from acquisitions, although net debt rose substantially. The construction supplies manufacturer and DIY store operator saw full-year sales rise by 25% over 2015 to reach €23.64b
Read moreThursday preview: Admiral and CRH report finals
2nd Mar 2016 13:04
(ShareCast News) - Admiral's full year results on Thursday are expected to show modest growth in UK car insurance profitability. Numis said it expects pre-tax profit to be "broadly unchanged" from 2014 at £359m, as an improvement in UK car insurance profits is likely to be offset by an increased dra
Read moreCRH pleased with 2015 developments
8th Jan 2016 07:26
(ShareCast News) - CRH's development strategy continued apace in 2015, with a billion-euro disposal list and new investments worth eight billion. The FTSE 100 building materials group confirmed total disposal proceeds of approximately €1bn (£743m) in 2015, comprising the previously announced sale of
Read moreLondon pre-open: Footsie to start day a tad higher but all eyes still on China
8th Jan 2016 07:19
(ShareCast News) - The UK's top flight index was being called to start the day higher by one point after Chinese state-controlled funds waded into the fray, purchasing equities, especially financial issues and those with large weightings in the indices. That saw the Shanghai Composite Index finish t
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