Friday broker round-up
29th Jan 2016 16:47
(ShareCast News) - Experian: Exane BNP Paribas upgrades to outperform with a 1350p target. Mitchells & Butlers: JP Morgan downgrades to neutral with 370p target, down from 420p Dcc: Exane BNP Paribas promotes to outperform with 6200p target. Lonmin: HSBC upgrades to buy, target 76p; Deutsche reite
Read moreExane upgrades DCC and Experian, downgrades Bunzl
29th Jan 2016 15:44
(ShareCast News) - Exane BNP Paribas has upgraded DCC and Experian Group from 'neutral' to 'outperform', while downgrading Bunzl from 'outperform' to 'neutral'. In a note about the support service sector on Friday, the investment bank said DCC is the sector's main beneficiary from falling oil prices
Read moreExperian revenues hit by strong dollar
15th Jan 2016 07:45
(ShareCast News) - The strong dollar weighed on revenue at credit check specialist Experian, although the group reiterated expectations for some growth for the full year. In a trading statement, Experian said total growth in the third quarter to 31 December was 6% at constant exchange rates and orga
Read moreFTSE 100 movers: Old Mutual claws back last week's losses
14th Dec 2015 13:58
(ShareCast News) - The FTSE 100 has started the week on a rollercoaster, shifting between positive and negative territory throughout the day. The market was back in the green by mid-afternoon Monday, up 7.63 points (0.13%) Old Mutual rebounded after last week's losses due to political issues in Sou
Read moreExperian sells Hitwise and Simmons businesses for $47m
14th Dec 2015 13:02
(ShareCast News) - Information services company Experian has completed the sale of its consumer insights businesses Hitwise and Simmons to California-based private equity firm Symphony Technology Group for $47m (£31.1m) and up to an additional $5m based on an earnout. Hitwise and Simmons provide con
Read moreBroker tips: Jimmy Choo, Whitbread, Experian
11th Nov 2015 16:40
(ShareCast News) - Liberum downgraded Jimmy Choo to 'hold' from 'buy' and slashed the price target to 160p from 210p. "We believe Choo faces increased competition in shoes as other luxury goods companies chase growth," the broker said. It said the speed of the luxury slowdown is notable and yet to
Read moreExperian rallies again as Citigroup hails inflection point
11th Nov 2015 14:24
(ShareCast News) - Shares in information services company Experian rallied for the second day in a row, after Citigroup lifted its price target on the stock by 9% to 1,340p to reflect higher earnings and the re-rating of the broader business services sector. The broker said the results brought impor
Read moreGoldman Sachs and BofA wax optimistic on Experian
10th Nov 2015 14:38
(ShareCast News) - Analysts at Bank of America-Merrill Lynch and Goldman Sachs waxed optimistic on Experian following the information services provider's first half figures, hailing the company's "solid" organic revenue growth despite macro and FX headwinds. The 5% decline in the rate of growth of s
Read moreFTSE 100 movers: Wolseley downgrade leads market to continue falling
10th Nov 2015 13:45
(ShareCast News) - The FTSE 100 continued to slide on Tuesday, with the market down 15.27 (0.24%) to 6,279.89 by mid-afternoon. Global plumbing supplier Wolseley led the fallers as the company issued its first quarter update. While first quarter revenues were up 5.3% to £3.5bn and trading profits in
Read moreExperian half year revenue hit by forex headwinds
10th Nov 2015 08:41
(ShareCast News) - Experian's half year revenue has been hit by exchange rates, and the company predicts its going to be an issue for the rest of the financial year. The FTSE 100 information services company posted its interim results to 30 September on Tuesday. Total revenue for continuing activit
Read moreLondon 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
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