Monday broker round-up
15th Dec 2014 09:29
Ashtead Group: Berenberg raises target price from 1170p to 1345p and keeps its 'buy' recommendation. Aviva: Citi increases target price from 590p to 620p and maintains a 'buy' recommendation. Bellway: Deutsche Bank ups target price from 1760p to 1778p and reiterates its 'hold' recommendation. Berk
Read moreCable & Wireless closer to acquiring Columbus International, downgraded to hold by Deutsche Bank
20th Nov 2014 11:50
Cable & Wireless Communications (CWC) is a step closer to completing its acquisition of Columbus International Inc, a leading, privately owned fibre-based telecommunications and technology provider that operates in the Caribbean, Central America and the Andean region. CWC agreed the terms of the con
Read moreTuesday broker round-up
18th Nov 2014 09:42
Aggreko: HSBC raises target price from 1550p to 1650p and maintains a neutral rating. Al Noor Hospitals: Citi initiates with a target price of 1240p and a buy recommendation. Barclays: Credit Suisse ups target price from 230p to 250p and keeps a neutral rating. Bodycote: JP Morgan cuts target pric
Read moreFTSE 250 movers: Supergroup rises as Numis reaffirms rating
6th Nov 2014 15:45
Supergroup rose after Numis Securities reaffirmed its 'hold' rating on the stock, with a target price of 1,100p which would suggest a potential upside of 41.21% from the stock's previous close. Since 31 October, three other analysts firms, Berenberg, Investec and Cantor Fitzgerald Europe, reiterated
Read moreCable & Wireless buys tech company for $1.85bn
6th Nov 2014 09:06
Telecom services provider Cable & Wireless Communications (CWC) has acquired Columbus International for $1.85bn. The purchase of Columbus, a privately-owned telecommunications and technology company operating in the Caribbean, Central America and the Andean regions, will help CWC to improve its busi
Read moreTuesday broker round-up UPDATE
21st Oct 2014 08:50
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating. Anglo American: JP Morgan raises target price from 1240p to 1310p, while leaving its underweight rating unchanged. Investec increases target price from 1573p to 1603p and stays with its buy reco
Read moreCWC exits South Pacific by selling Soltel stake
15th Oct 2014 15:03
Central America-focused telecoms group Cable & Wireless Communications (CWC) is to offload its near-33% stake in Solomon Telekom (Soltel) for $16.5m. The company said that it has agreed to divest the 32.577% interest in Soltel to the Solomon Islands National Provident Fund Board. Soltel provides mo
Read moreTuesday broker round-up UPDATE
14th Oct 2014 09:17
Anglo Pacific: FinnCap upgrades to buy with a target price of 158p. Peel Hunt shifts target price from 196p to 198p retaining its buy recommendation. Ashmore: Canaccord Genuity upgrades from sell to hold with a target price of 300p. Numis cuts target price from 369p to 355p retaining an add rating.
Read moreCable & Wireless Communications buys Panama's Sonitel for $36m
26th Aug 2014 10:07
Cable & Wireless Communications (CWC) said on Tuesday it acquired Panama-based Grupo Sonitel through its subsidiary Cable & Wireless Panama. The British telecoms company will pay $36m and an extra $5m to acquire the IT provider, which employs more than 350 people. Chief executive Phil Bentley sai
Read moreSector movers: Renewed AT&T bid hopes at Vodafone lift telecoms
22nd Aug 2014 15:55
Renewed hopes of a potential bid by AT&T for Vodafone were giving the mobile telecoms sector a boost on Friday. Vodafone shares were up 1.4% at 205.35p in afternoon trade on the back of hopes that AT&T, which was rumoured to be considering an offer earlier in the year for the mobile phone group, wi
Read moreSector movers: BT and Dixons Carphone drag telecoms lower
8th Aug 2014 16:37
Telecoms stocks were among the worst performers in London on Friday with BT Group and newly-merged Dixons Carphone trading in the red. BT was 1.5% lower on reports that the company will have to wait until next month before a court will give its verdict on its long-running battle with BSkyB over who
Read moreCable & Wireless Communications halts revenue decline
25th Jul 2014 08:53
Cable & Wireless Communications (CWC), a British telecommunications company, didn't grow sales in the first quarter but it was an improvement on previous declines. CWC, which does most its business in the Caribbean and Latin America, on Friday said that in the the three months to March 31st, sales
Read moreFTSE 250 movers: Crest Nicholson leads risers
9th Jun 2014 14:05
Sustainable housing group Crest Nicholson rose strongly just days after the government announced measures to boost housing supply in the UK amid rampant house-price inflation. Integrated support services company Carillion was lifted by the news it's 50/50 joint venture (JV) with Lafarge Tarmac has
Read moreC&W Communications appoints new CFO
9th Jun 2014 13:01
Cable & Wireless Communications (CWC) has appointed a new Chief Financial Officer (CFO), it announced on Monday. Perley McBride, who is described as having "extensive experience" in the US telecom and technology sector, will take up the position on June 23rd. He was most recently the CFO of Leap
Read moreTwo Great Portland directors sell stock after share awards
6th Jun 2014 14:56
Two directors at Great Portland Estates sold a combined £1.6m in stock, the property company said on Friday. After achieving performance targets set in the firm's long-term incentive plan in 2011, Chief Executive Toby Courtauld and Portfolio Director both sold over half of the shares that were awar
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