Wednesday broker round-up UPDATE
16th Oct 2013 08:26
Anite: Northland Capital reduces target price from 160p to 120p, while staying with its buy recommendation. Panmure Gordon cuts target price from 177p to 142p and keeps a buy recommendation. Jefferies takes target price from 160p to 110p, while leaving its buy recommendation unchanged. Canaccord Gen
Read moreCable & Wireless Communications offloads Algerian unit
14th Oct 2013 07:34
Cable & Wireless Communications has sold its Algerian satellite business for 1.4m dollars as it continues its strategic slimming down of the business. The FTSE 250 group said the transaction will not have a material impact on the group and the proceeds will be used for general working capital purp
Read moreFriday broker round-up UPDATE
9th Aug 2013 07:29
Aquarius Platinum: Deutsche Bank lowers target price from 63p to 60p keeping a buy recommendation. Ashmore Group: HSBC ups target price from 400p to 435p, while keeping overweight rating. ASOS: UBS raises target price from 4600p to 6000p staying with its buy recommendation. Aviva: Bank of America
Read moreCable & Wireless reports mobile data revenue growth
25th Jul 2013 10:47
Cable & Wireless said it was trading in line with expectations with continued date usage growth across its portfolio. In an interim management statement for the three months to the end of June, the group has experienced improved mobile data revenue, most notably in Panama. With a renewed focus on
Read moreThursday broker round-up UPDATE
11th Jul 2013 08:23
Afren: JP Morgan reduces target price from 195p to 165p and downgrades to underweight. Associated British Foods: Panmure Gordon increases target price from 1800p to 2100p upgrading from hold to buy. AVEVA Group: JP Morgan ups target price from 2300p to 2430p and retains a neutral rating. Aviva: M
Read moreWednesday broker round-up UPDATE
19th Jun 2013 08:27
Aggreko: UBS cuts target price from 1975p to 1850p downgrading from buy to neutral. JP Morgan revises target price from 1870p to 1800p and retains a neutral rating. Alliance Pharma: Investec shifts target price from 35.20p to 35.80p, while downgrading from add to hold. Associated British Food: UBS
Read moreMonday broker round-up UPDATE
3rd Jun 2013 07:22
Anglo Pacific Group: Finncap cuts target price from 320p to 279p staying with its buy recommendation. Ashtead Group: Citi takes target price from 660p to 750p and maintains a buy recommendation. Centrica: Berenberg ups target price from 370p to 380p keeping a hold recommendation. Coal of Afica: I
Read moreLondon midday: Stocks sink as global growth forecasts cut
29th May 2013 11:45
Cuts to global growth forecasts and rising unemployment in economic powerhouse Germany sparked a sell-off on financial markets on Wednesday, as stocks pulled back following the impressive surge the day before. Following a three-day weekend for the UK and US, indices surged on Tuesday on renewed hop
Read moreLondon open: Chinese slowdown fears hit stocks early on
29th May 2013 08:34
Stocks declined sharply on Wednesday morning with yesterday's rebound proving short-lived as fears about the impact of a slowdown in China came back to haunt markets. Following a three-day weekend for the UK and US, indices surged on Tuesday on renewed hopes of continued monetary easing in Europe a
Read moreThursday broker round-up UPDATE
23rd May 2013 08:35
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation. ARM Holdings: Exane downgrades to neutral with a target price of 1000p. Aveva: Panmure Gordon raises target price from 1900p to 2076p and retains a hold recommendation. Canaccord Genuity increases target p
Read moreCable and Wireless earnings beat expectations as cost cuts planned
22nd May 2013 08:32
Cable & Wireless Communications (CWC) reported earnings slightly ahead of expectations and has identified major ongoing cost-cutting measures. The consumer telecoms group, which is now focused on the pan-America region after two disposals during the period, saw revenues fall 3.0% from continuing op
Read moreMonday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
Read moreCable & Wireless sails into Americas partnership with Columbus
14th May 2013 08:03
Cable & Wireless Communications has entered into a strategic partnership for the pan-America region with rival Columbus Networks. The pair will form a joint venture in the region to unite their cable networks and provide international wholesale telecoms capacity for themselves and to sell to third
Read moreMonday broker round-up UPDATE
22nd Apr 2013 07:20
Admiral Group: Deutsche Bank takes target price from 1140p to 1300p retaining a hold recommendation. African Barrick Gold: Deutsche Bank ups target price from 173p to 180p staying with its hold recommendation. Albemarle & Bond: Canaccord Genuity reduces target price from 280p to 146p and downgrade
Read moreCable & Wireless completes sale of Monaco & Islands division
3rd Apr 2013 13:03
Cable & Wireless Communications (CWC) has completed the sale of its Monaco & Islands division as part of its plan to scale back its geographic footprint and focus on its core operations. The group earned $601m in cash after it received the required consents and approvals for the sale. This was in a
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