Enterprise Inns on track for full year, changes name to Ei Group
9th Feb 2017 08:03
(ShareCast News) - Enterprise Inns said on Thursday that it is on track to deliver its expectations for the full year as it announced a change of name to Ei Group. In a trading update for the 18 weeks to 4 February, the company reported like-for-like net income growth of 1.6% in the Ei Publican Part
Read moreEnterprise Inns serves up results in line with last year
15th Nov 2016 09:57
(ShareCast News) - Pub owner Enterprise Inns announced its results for the year to 30 September on Tuesday, with EBITDA before exceptional items of £292m, down slightly from £296m a year earlier, which was in line with expectations and reflecting the impact of planned disposals. The company's profit
Read moreRespite for high street as retail footfall rallies in May, BRC-Springboard shows
13th Jun 2016 10:04
(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B
Read moreEnterprise Inns trading in line after lifting H1 profit
17th May 2016 16:18
(ShareCast News) - Enterprise Inns said second-half trading is in line with its expectations, despite being hurt by the timing of the Easter weekend and after improving its first-half pre-tax profit to £40m, from £10m. Its revenues improved marginally to £305m, from £302m. Enterprise Publican Partn
Read moreEnterprise Inns net income up, share buyback announced
22nd Mar 2016 13:29
(ShareCast News) - Pub group Enterprise Inns rallied on Tuesday as it reported growth in like-for-like net income and announced a share buyback programme. In a trading update for the 25 weeks to 19 March, the company said LFL net income grew 1.5% in the leased and tenanted estate, which was ahead of
Read moreSector movers: Sentiment cools towards homebuilders
18th Mar 2016 21:40
(ShareCast News) - Homebuilders were under the cosh at the end of the week, dragged lower by a negative reaction to the latest trading statement out of Berkeley Group. Analysts at Shore Capital and Numis described the company´s IMS as "solid" and "good", respectively, with the company apparently on
Read moreFTSE 250 movers: Fidessa and pub companies lead rise
15th Feb 2016 13:04
(ShareCast News) - UK midcaps were chasing their blue chip brethren higher on Monday as bargain hunters regained confidence. By late afternoon the FTSE 250 was 1.9% higher at 15,725.05. Enterprise Inns frothed higher after investors took courage from chairman Robert Walker shelling out just over £50
Read moreFriday newspaper share tips: Confidence over Informa's future earning
12th Feb 2016 11:04
(ShareCast News) - The Times' Tempus is confident about Informa's future and the ability to raise earnings again, though acknowledged some investors might be tempted to take profits. The business intelligence, exhibitions, events and academic publishing group celebrated its 2015 results on Thursday,
Read moreEnterprise Inns on track for full year expectations as income grows
11th Feb 2016 07:45
(ShareCast News) - Enterprise Inns has seen like-for-like net income in its leased and tenanted estate grow 1.6% for the 19 weeks to 6 February 2016. In a trading update on Thursday, the FTSE 250 company said it is a result of stabilising rental income, growing income from beer sales and driven by t
Read moreFriday broker round-up
5th Feb 2016 15:07
(ShareCast News) - Enterprise Inns: Barclays downgrades to underweight with a target of 80p. Thomas Cook: HSBC reiterates hold with a target price of 100p and JP Morgan keeps at overweight with a 170p target. Victrex: Deutsche Bank keeps at hold, 2000p target, UBS maintains neutral with a target
Read moreBroker tips: BG Group, Halma, Enterprise Inns
5th Feb 2016 13:45
(ShareCast News) - Nomura reiterated its 'buy' rating and target price of 1150p on BG Group after the company reported a rise in full-year earnings. Pre-tax profits came to $2.97bn (£2bn) in 2015, compared with a loss of $2.3bn the previous year, despite the impact of falling oil prices. In the fin
Read moreBarclays downgrades Enterprise Inns to 'underweight'
5th Feb 2016 09:59
(ShareCast News) - Barclays downgraded Enterprise Inns to 'underweight' from 'equalweight' and slashed the price target to 80p from 155p. It pointed to the selloff in credit markets, which it reckons could continue to impact sentiment towards highly leveraged equities such as Enterprise, which has t
Read moreEnterprise Inns swings to loss as revenue slips
17th Nov 2015 07:32
(ShareCast News) - Enterprise Inns swung to a loss for the year as revenue declined and the pub group incurred charges related to the revaluation of the estate. For the year to the end of September, it reported a net loss of £65m compared with a profit of £30m in 2014, as it marked down the value of
Read moreEnterprise Inns froths higher after sparkling third quarter
6th Aug 2015 08:25
(ShareCast News) - Investors raised a glass to Enterprise Inns after serving third-quarter results that sparkled with the ongoing benefits of its new strategy, with like-for-like net income bubbling 0.5% higher in the face of a strong World Cup-boosted period last year. Analysts had expected a flat
Read moreEnterprise Inns' chairman buys new shares
23rd Jul 2015 16:48
(ShareCast News) - Enterprise Inns's chairman Robert Walker purchased new shares in the company one day after Numis upgraded the stock as it expects the new strategy to enhance the level and quality of earnings from 2017. Walker bought 160,000 shares at the British leased and tenanted pub company fo
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