Broker snap: Domino's CEO exit creates 'further uncertainty', says N+1 Singer
6th Dec 2013 11:30
N+1 Singer Equity Research has maintained a 'hold' rating and 550p target price for pizza delivery group Domino's, saying that the resignation of Chief Executive Lance Batchelor creates "further uncertainty". Domino's announced on Friday that Batchelor is to stay with the group until the end of Apr
Read moreLondon open: Housing, oil stocks help markets rebound from eight-week low
6th Dec 2013 08:52
- Housing and oil stocks provide a lift - Focus on Fed ahead of non-farm payrolls - Berkeley jumps as strong housing demand boosts H1 results techMARK 2,650.07 +0.07% FTSE 100 6,518.46 +0.31% FTSE 250 15,166.21 +0.06% The FTSE 100 rebounded slightly on Friday from an eight-week low, as bargain hu
Read moreDomino's Pizza CEO resigns
6th Dec 2013 07:46
Domino's Pizza Group announced on Friday its Chief Executive Officer (CEO) Lance Batchelor is stepping down. Batchelor, who has been CEO since December 2011, is leaving to join an undisclosed private equity backed company in a non-competing sector. The pizza maker has started the process to find
Read moreFriday newspaper round-up: Mandela, Shell, M&S
6th Dec 2013 07:33
Nelson Mandela, who led his country to democracy after serving 27 years in prison, has died aged 95. President Zuma of South Africa said in a televised address: "The founding father of our nation has departed. May his soul rest in peace. God bless Africa." Mr Mandela, the anti-apartheid icon who bec
Read moreThursday tips round-up: Tesco, Domino's Pizza, Hochschild Mining
3rd Oct 2013 08:33
Tesco's first-half profits in Europe were down by two-thirds; the Asian business is going backwards; and progress in the all-important UK operation is painfully slow. Nevertheless, there were some nuggets of good news on Wednesday for those willing to look hard enough. Refurbished stores in the UK a
Read moreLondon close: Late rally not enough as FTSE 100 falls for fourth straight day
2nd Oct 2013 16:43
A slight bounce in the UK-listed mining sector saw the FTSE 100 rally on Wednesday afternoon but the index still finished firmly in the red, setting a fresh one-month low as political uncertainty in the US and Italy continued to weigh on sentiment. The FTSE 100 finished down 22.51 points at 6,437.5
Read moreFTSE 250 movers: Domino's Pizza rises on confident outlook
2nd Oct 2013 15:09
Leading the risers on the 250 was Domino's Pizza after its Chief Executive, Lance Batchelor, said the firm is confident in meeting City expectations for the full year. The fast food delivery chain reported 10.4% growth in UK system sales for the third quarter (13 weeks to September 29th) to £140.9
Read moreBroker tips: Gold miners, Sainsbury, Domino's Pizza
2nd Oct 2013 12:13
Citigroup has downgraded its ratings for UK-listed precious metal miners Randgold Resources, Fresnillo and Polyus Gold, raising concerns over current pricing and valuations. In a research report on Wednesday, the US bank said: "We are bearish on gold and silver shares for two reasons: firstly, we a
Read moreLondon midday: ECB, political uncertainty in focus as stocks fall
2nd Oct 2013 11:27
The FTSE 100 suffered steep losses on Wednesday morning as buyers showed caution ahead of a policy decision in Europe, whilst political uncertainty in the US and Italy continues to erode risk appetite. The all-important European Central Bank (ECB) policy decision is due at 12:45 this afternoon, tho
Read moreBroker snap: Canaccord concerned as Domino's cuts new-stores target
2nd Oct 2013 11:26
Shares in Domino's Pizza were making gains on Wednesday after the company impressed the market with a third-quarter update; however Canaccord Genuity said the results raise even more concerns and cut its target price from 500p to 480p. Analyst Wayne Brown highlighted that the company is reducing it
Read moreLondon open: FTSE 100 near three-month low as supermarkets disappoint
2nd Oct 2013 08:21
UK markets sank sharply on Wednesday morning given the uncertain outlook for the US economy in light of a partial government shutdown as politicians continue to disagree over a budget proposal for next year. Disappointing results from retail bellwethers Tesco and Sainsbury were also weighing on sen
Read moreWednesday broker round-up UPDATE
2nd Oct 2013 08:02
Advanced Medical Solutions: N+1 Singer shifts target price from 84p to 90p and upgrades from sell to hold. Afren: Nomura lowers target price from 180p to 170p and retains a neutral rating. Aveva: Panmure Gordon raises target price from 2174p to 2374p and keeps a hold recommendation. Barclays: Soc
Read moreDomino's Pizza delivers solid Q3 despite hot weather
2nd Oct 2013 07:29
Trading at Domino's Pizza was resilient despite the adverse effects of the hot weather this summer, with the company's growing exposure on-line bolstering top-line growth, though it was forced to scale back it store-opening targets after some delays. Nevertheless, Chief Executive Lance Batchelor sa
Read moreFriday broker round-up UPDATE
27th Sep 2013 08:48
Admiral Group: Berenberg ups target price from 1060p to 1080p, but still recommends selling. Amlin: Berenberg reduces target price from 422p to 398p and downgrades to sell. Atkins (WS): JP Morgan increases target price from 1298p to 1348p and maintains an overweight rating. AZ Electronic Material
Read moreMonday broker round-up UPDATE
2nd Sep 2013 08:57
Berkeley Group: Panmure Gordon raises target price from 2046p to 2150p and reiterates a hold recommendation. Betfair: Panmure Gordon increases target price from 1000p to 1317p and maintains a buy recommendation. BHP Billiton: WH Ireland downgrades to neutral. British Land: Exane ups target price
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