FirstGroup investors rebel against chief's pay package
16th Jul 2014 14:49
Investors at bus and train operator FirstGroup have rebelled against the award of an 86% pay rise to Chief Executive Tim O'Toole last year. Holders of almost a quarter of First's shares cast their votes against the company's remuneration report at its annual meeting. Investors cast 74.46% of vote
Read moreSunday share tips: Halfords, Sports Direct, Real Estate Investors
13th Jul 2014 13:26
Buy shares of Halfords to capitalise on the UK's retail recovery and the growing craze for cycling, Questor advised in the Sunday Telegraph. The shares have risen about 60% since Questor recommended them in early October 2013 but have gone sideways in the past month. The Tour de France has boosted c
Read moreSunday newspaper round-up: Experian, Sports Direct, Shire
13th Jul 2014 12:24
Sir John Peace will suffer his third shareholder rebellion in three months this week when investors in Experian revolt over pay and succession plans at the credit checking company, the Sunday Times said. Peace will then have suffered rebellions at each of the three FTSE 100 companies he chairs. At B
Read moreFirstGroup reports in-line trading as transformation progresses
10th Jul 2014 08:09
Trading since the start of April has been "in line" with its expectations, was the message from transport company FirstGroup on Thursday, which said it had continued to transform the business and was encouraged by its progress so far. The First Transit business delivered a "solid" performance in t
Read moreSunday newspaper round-up: Shire, Mothercare, Blinkx, Barclays
6th Jul 2014 17:18
AbbVie is expected to make an improved offer for Shire in the next few days after its Chief Executive Rick Gonzalez visited Shire's biggest investors in London, The Sunday Times said. Gonzalez is back in the US mulling his options after having three bid approaches turned down with the most recent va
Read moreRebel investor to fight pay rise for FirstGroup boss - UPDATE
30th Jun 2014 09:44
Rebel investor Sandell Asset Management is planning to fight a near-doubling of the pay package received last year by FirstGroup Chief Executive Tim O'Toole, claiming he is being "rewarded for failure". Sandell, which has previously demanded the sale of First's US Greyhound coach operation and the
Read moreTuesday broker round-up UPDATE
10th Jun 2014 09:45
ASOS: Goldman Sachs reduces target price from 6250p to 5750p, while upgrading to strong buy. Avon Rubber: Investec lowers target price from 690p to 680p and downgrades from buy to add. BAE Systems: Investec downgrades from add to hold with a target price of 430p. BG Group: Exane downgrades to neu
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreFTSE 250 movers: De La Rue climbs on profit, broker comment
28th May 2014 14:00
Banknote printer De La Rue rose after it posted a 43% jump in full-year underlying operating profit and said it has entered the new financial year with a good order book. Helping it higher was Investec, which upped its target price from 890p to 915p and left its 'buy' recommendation unaltered. Al
Read moreLondon open: UK markets flat as Glaxo falls
28th May 2014 08:37
- European stocks retreat from six-year highs - Economic data in focus - GSK to be investigated by UK fraud body - Weir drops pursuit of Metso techMARK 2,784.94 -0.05% FTSE 100 6,838.75 -0.09% FTSE 250 15,885.65 +0.26% UK equities opened more or less flat on Wednesday as markets showed caution aft
Read moreSerco takes over Caledonian Sleeper franchise from FirstGroup
28th May 2014 07:32
Serco has been selected to manage the new 15-year franchise for the Caledonian Sleeper service between London and several Scottish cities. From April 1st 2015, the company will take over from FirstGroup which currently operates the service through its ScotRail franchise. Transport Scotland announc
Read moreLondon midday: FTSE continues to decline, Intertek drags lower
23rd May 2014 11:40
- FTSE down 16.44 points to 6,804.12 - Intertek hit by Numis comments - Elections in focus ahead of Bank Holiday weekend techMARK 2,747.39 +0.12% FTSE 100 6,799.91 -0.30% FTSE 250 15,677.95 +0.02% The FTSE was still down by midday, dragged lower by Intertek ahead of the long weekend which will see
Read moreLiberum says FirstGroup rail prospects still bright despite bid failure
23rd May 2014 10:40
Prospects of new rail business for train and bus operator FirstGroup are still bright despite its failure on Thursday to win the new Thameslink deal, according to broker Liberum Capital. FirstGroup is still in with a chance of winning two of the other biggest rail franchises currently on offer, Eas
Read moreLondon open: FTSE falls, Smiths and Tullow drag, elections in focus
23rd May 2014 08:55
- Smiths and Tullow disappoint - FTSE opens 16 points lower - Ukraine, European elections in focus techMARK 2,741.75 -0.09% FTSE 100 6,801.45 -0.28% FTSE 250 15,657.08 -0.11% The FTSE opened lower this morning, falling around 16 points in the first hour of trade, weighed by disappointing announcem
Read moreLondon open: Stocks drift lower after BoJ holds policy steady
21st May 2014 09:02
- Petrofac leads gains after Barclays upgrade - Dollar/yen trading below 101 - Russian troops have yet to pull back, negotiations ongoing in Ukraine techMARK 2,710.51 +0.15% FTSE 100 6,801.35 -0.01% FTSE 250 15,467.06 +0.17% Stocks were trading slightly lower little over an hour after the start of
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