Daily Mail said to be mulling bid for Yahoo
11th Apr 2016 08:29
(ShareCast News) - The Daily Mail's parent company had held talks with half a dozen private equity outfits regarding a potential bid for some of US internet giant Yahoo's assets, The Wall Street Journal reported on Sunday. US telecommunications outfit Verizon Communications was one of a wide grou
Read moreBroker tips: IMI, Daily Mail&General Trust, G4S
13th Nov 2015 10:53
(ShareCast News) - Societe Generale downgraded IMI to 'hold' from 'buy' and slashed the price target to 975p from 1,350p after the company said on Thursday that earnings for the year would be at the low end of market views. "We remain upbeat on the longer-term benefits of the strategic turnaround pr
Read moreDaily Mail slumps as Panmure downgrades to 'sell'
13th Nov 2015 09:41
(ShareCast News) - Shares in Daily Mail & General Trust fell sharply after Panmure Gordon downgraded the stock to 'sell' from 'hold' and cut the price target to 700p from 760p ahead of the company's prelims. It said DMGT usually offers its first view of FY16 guidance with its FY15 prelims, which are
Read moreTrinity Mirror in talks to buy Local World Holdings
14th Sep 2015 08:10
(ShareCast News) - Following press report of a potential deal over the weekend, Daily Mail & General Trust confirmed on Monday that Trinity Mirror is in talks with Local World Holdings for the potential acquisition of the shares in the company it doesn't already own. DMGT, which currently holds a 38
Read moreSunday newspaper round-up: RBS spin-off, Trinity Mirror acquisition, PR Newswire sale
13th Sep 2015 16:38
(ShareCast News) - Royal Bank of Scotland will begin marketing the initial public offer of its Williams & Glyn spin-off later this year ahead of a flotation expected in the second half of 2016. The Sunday Telegraph reported that, with Bank of America Merrill Lynch advising the lender on the process,
Read moreBroker tips: DMGT, Pearson, GSK
7th Sep 2015 13:29
(ShareCast News) - Exane BNP Paribas downgraded Daily Mail & General Trust to 'neutral' from 'outperform' and cut its price target to 850p from 920p. It noted the stock's recent rebound, which has seen it outperform the media sector by around 10% in the last month following a precipitous drop in Jul
Read moreExane downgrades Daily Mail, sees few positive catalysts
7th Sep 2015 09:36
(ShareCast News) - Exane BNP Paribas downgraded Daily Mail & General Trust to 'neutral' from 'outperform' and cut its price target to 850p from 920p. It noted the stock's recent rebound, which has seen it outperform the media sector by around 10% in the last month following a precipitous drop in Jul
Read moreBroker tips: Next, Debenhams, Daily Mail and General Trust
28th Aug 2015 12:26
(ShareCast News) - Next has been downgraded by Credit Suisse to an 'underperform' rating from a prior 'neutral' as the clothes retailer's "routes to growth are slowing". Credit Suisse said it was increasingly concerned about the gradual slowdown in Next's near- and medium-term growth drivers. The S
Read moreDaily Mail boosted by Citigroup upgrade to 'buy'
28th Aug 2015 09:45
(ShareCast News) - Daily Mail & General Trust got a boost on Friday after Citigroup upgraded the stock to 'buy' from 'neutral' and raised the price target to 980p from 900p, saying the risk/reward balance looks more attractive following a sharp drop in the share price. The bank noted that since DMGT
Read moreFriday broker round-up
24th Jul 2015 16:19
(ShareCast News) - Aberdeen Asset Management: JP Morgan Cazenove reiterates neutral stance and trims target to 415p from 435p. SocGen stays at hold but lowers target to 410p from 485p. Jefferies keeps at hold with 405p target, down from 460p. Aggreko: Investec keeps at sell. AG Barr: Investec reite
Read moreFTSE 100 movers: Vodafone rallies, but Daily Mail and Diageo lose ground
24th Jul 2015 15:38
(ShareCast News) - London's FTSE 100 index was trading down 0.3% at 6,634 on Friday as investors sifted through a raft of earnings reports. Vodafone was the biggest riser on the FTSE 100 after it said it has made a good start to the year, with organic service revenue up 0.8% in the quarter ended 30
Read moreDaily Mail shares tumble as it says profit will be at lower end of forecasts
23rd Jul 2015 10:13
(ShareCast News) - Shares in Daily Mail and General Trust tumbled after it said full-year results are likely to be towards the lower end of market expectations as a result of a weaker-than-expected UK print advertising market and more challenging conditions for B2B. The publisher of the Daily Mail a
Read moreEuromoney downbeat as events unit grapples with energy, investment banking woes
22nd Jul 2015 09:28
(ShareCast News) - Revenues fell 5% in Euromoney Institutional Investor's crucial third quarter as the business media group's events unit faced new pressures from the energy sector on top of a challenging investment banking market. A downbeat statement from the FTSE 250 company revealed headline rev
Read moreTuesday broker round-up
2nd Jun 2015 07:57
British American Tobacco: JP Morgan reiterates overweight and 4,100p target price. Royal Mail: JP Morgan reiterates neutral stance. Playtech: JP Morgan reiterates buy. Henderson Group: UBS reiterates neutral stance and 275p target. Prudential: UBS reiterates buy recommendation and 1,950p target.
Read moreThursday broker round-up
28th May 2015 09:44
Direct Line: JP Morgan upgrades to overweight. Admiral: JP Morgan reiterates underweight. TUI: JP Morgan stays at overweight with 1,275p target. RSA: JP Morgan ups target to 451p from 433p, keeps at neutral. SAGA: JP Morgan raises target to 207p from 185p but remains at neutral. De La Rue: JP MOrg
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