London close: Stocks gain as disappointing non-farm payrolls push back rate hike forecasts
2nd Oct 2015 16:10
(ShareCast News) - UK stocks ended higher on Friday after a disappointing US non-farm payrolls report pushed back expectations for an interest rate hike. Non-farm payrolls rose 142,000 in September, falling well short of analysts' estimates for a 201,000 increase, the Labor Department revealed. Augu
Read moreFTSE 100 movers: Banks rise after PPI deadline proposed; Experian falls after hack
2nd Oct 2015 14:35
(ShareCast News) - After a strong start to the day, the FTSE drastically dropped back to 6,080.75 mid-afternoon, up 8.28 points (0.14%). Shares in banks were the big winners of the day after news the Financial Conduct Authority is considering a deadline of spring 2018 for any final payment protectio
Read moreFriday newspaper round-up: Emerging economies, Syria, Europe
2nd Oct 2015 07:18
(ShareCast News) - Global investors will suck capital out of emerging economies this year for the first time since 1988, as they brace themselves for a Chinese crash, according to theInstitute of International Finance. Capital flooded into promising emerging economies in the years that followed the
Read moreExperian completes Baker Hill sale
22nd Sep 2015 10:06
(ShareCast News) - Global information services group Experian has completed the sale of Baker Hill to global private equity firm The Riverside Company for $100m (£64.6m). Earlier this month, the FTSE 100 group said it had agreed to sell the software provider, as it had become peripheral to the compa
Read moreDeutsche Bank and HSBC optimistic on Experian, despite Brazil
15th Sep 2015 14:43
(ShareCast News) - Shares of Experian were offering an "attractive" valuation after falling afoul of investors' concerns surrounding Brazil, analysts said. Since May the stock has de-rated from about 20 times' 12-month forward earnings to 17 at present, Deutsche Bank analysts explained to clients in
Read moreExperian appoints new non-exec director
9th Sep 2015 15:24
(ShareCast News) - Luiz Fernando Vendramini Fleury has been appointed to Experian's board of non-executive directors, the information services group said on Wednesday. Fleury, a current board member of FHV Holdings, has previously held the role of chief executive at a number of Brazil-based firms, i
Read moreExperian offloads Footfall retail data unit for £38.5m
21st Jul 2015 10:11
(ShareCast News) - Credit checker Experian has offloaded its Footfall retail intelligence unit for £38.5m in cash as it focuses on its larger businesses. Chief executive Brian Cassin said Footfall, which in the year to 31 March 2015 made $39m revenue as part of the marketing services division, lay o
Read moreBroker tips: HSBC, Prudential, Experian, Sports Direct
20th Jul 2015 11:41
(ShareCast News) - Citigroup upgraded HSBC to 'buy' from 'neutral' and lifted the price target to 635p from 625p, noting that the stock is trading close to the low end of its valuation range over the past five and 10 years. "Reflecting the improvement to capital ratios from upcoming divestments and
Read moreShore Capital reduces Experian from 'buy' to 'hold, highlights marketing concerns
20th Jul 2015 09:53
(ShareCast News) - Shore Capital has downgraded Experian from 'buy' to 'hold' reflecting concerns over its marketing vision. The broker retained a price target of 1215p. Analyst Robin Speakman said the data services firm's first quarter performance was as expected and said margins would remain stab
Read moreThursday broker round-up
16th Jul 2015 18:10
(ShareCast News) - Aveva Group: Panmure Gordon reiterates buy and 1,420p target. BP: JP Morgan Cazenove reiterates overweight. Centrica: Berenberg Bank reiterates underperform and ups target to 1,060p from 1,000p. Dixons Carphone: Canaccord Genuity ups target to 530p from 500p while reiterating bu
Read moreFTSE 100 movers: Shire higher on positive broker coverage, Rio Tinto boosted as production improves
16th Jul 2015 14:47
(ShareCast News) - London markets inched higher on Thursday, spurred on by reports of progress in Greece and strong performances from oil, engineering and property stocks. As of 1430 BST, the FTSE 100 was trading 0.6% higher at 6,791. Shire got a leg up as Berenberg re-initiated coverage of the sto
Read moreLondon open: Sterling and Greenback jump versus euro
16th Jul 2015 09:42
(ShareCast News) - Sterling was moving sharply higher versus the European single currency on Thursday morning, alongside the US dollar, as the market acknowledged the relatively greater scope for interest rate rises in both the UK and the US. That came ahead of a speech by Bank of England Governor M
Read moreExperian on track, warns of currency headwinds
16th Jul 2015 08:30
(ShareCast News) - Credit services company Experian said full-year expectations were unchanged, but warned of currency headwinds in an update. The FTSE 100 firm said first quarter group organic revenue growth was 3% at constant exchange rates, but at actual exchange rates total revenue was down 6%.
Read moreLondon pre-open: All eyes on the ECB and Berlin
16th Jul 2015 08:30
(ShareCast News) - Greek lawmakers overwhelmingly voted last night to approve the package of reforms asked of by Brussels in exchange for further aid, so all eyes will now turn to the European Central Bank and the Berlin. Following last night's vote in Athens the ECB will decide later today whether
Read moreMonday broker round-up
13th Jul 2015 12:05
(ShareCast News) - ARM Holdings: JP Morgan downgrades to underweight and lowers target to 900p from 950p; Exane reiterates outperform with 1,400p target. AstraZeneca: Goldman Sachs stays at neutral and Jefferies at buy. British American Tobacco: Nomura starts coverage at buy with 3,920p target. Bu
Read more