Sports Direct non-exec sells over half his stake
25th Feb 2014 15:48
Simon Bentley, a Non-Executive Director at Sports Direct International, on Tuesday sold 15,000 shares in the FTSE 100-listed retailer, reducing his stake to just 10,000. The director, who sold the shares for 792.50p a piece, was able to benefit from the recent strong rise in the group's share pric
Read moreFirst Group wins extension for First Capital Connect rail franchise
18th Feb 2014 09:17
First Group said it had won a six month extension to its First Capital Connect rail franchise after discussions with the Department for Transport. The franchise will now run to September 14th 2014. The new end date coincides with the UK government's anticipated start of the new Thameslink, Southern
Read moreThursday preview: easyJet reports first quarter results
22nd Jan 2014 15:49
easyJet's first quarter is expected to have been disrupted by the power outage the Gatwick North Terminal over Christmas and winter storms, Numis said ahead of the airline's results on Thursday. However, the broker believes that overall the disruption is unlikely to have had a material negative imp
Read moreTuesday broker round-up UPDATE
21st Jan 2014 08:17
BG Group: Credit Suisse ups target price from 1170p to 1200p, while leaving its underperform rating unchanged. BHP Billiton: UBS lowers target price from 2090p to 2060p, while its buy recommendation is kept. Diageo: UBS cuts target price from 2050p to 2000p maintaining a neutral rating. DP World
Read moreFriday broker round-up UPDATE
17th Jan 2014 10:05
Aberdeen Asset Management: JP Morgan cuts target price from 544p to 529p, while its overweight rating remains unchanged. Canaccord Genuity reduces target price from 586p to 540p and reiterates a buy recommendation. UBS lowers target price from 540p to 520p and keeps a buy recommendation. Ashtead Gr
Read moreFirstGroup warns of short-term challenges
17th Jan 2014 08:33
- First Student suffers slowdown in margin progression - Strong First Transit revenue growth - Shortlisted for East Coast franchise FTSE 250 transport company FirstGroup has posted an in-line third quarter performance but shares fell after it warned of ongoing short-term challenges and slower pro
Read moreFirstGroup shortlisted for East Coast franchise
17th Jan 2014 07:49
Transport company FirstGroup has been shortlisted for the InterCity East Coast franchise competition by the Department for Transport, it announced Friday. Vernon Barker, the FTSE 250 firm's Managing Director of UK Rail, said the group was delighted: "We have extensive experience of intercity servi
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreFirstGroup faces fresh pressure from rebel investor Sandell
15th Jan 2014 07:51
Activist investor Sandell Asset Management has piled more pressure on troubled UK bus and rail company FirstGroup to sell its US operations. Sandell, which said last year it would lobby other shareholders to force First to hive off its US business and sell First's US long-distance Greyhound coaches
Read moreSunday newspaper roundup: Morrisons, BP, Premier Foods
12th Jan 2014 16:05
Morrisons aims to return up to 800m pounds to investors by selling real estate, the Sunday Times said. The supermarket chain's property holdings are worth 9bn pounds and it owns 90 per cent of the portfolio. Big shareholders think Morrisons could cut its freehold ratio to 80 per cent and stay overwh
Read moreFTSE 25 movers: Laird leads pack after 'significantly stronger' half
9th Jan 2014 14:57
Electronics components maker Laird led the FTSE 250's rise on Thursday as it expressed confidence it will hit full-year expectations after enjoying a 'significantly stronger' second half. The cost of restructuring to keep on top of market innovations offset the higher demand from smartphone and con
Read moreTuesday broker round-up UPDATE
17th Dec 2013 08:14
Advanced Medical Solutions: Panmure Gordon downgrades from buy to hold with a target price of 102p. Antofagasta: Canaccord Genuity cuts target price from 1110p to 1035p, while staying with its buy recommendation. ASOS: Panmure Gordon increases target price from 5950p to 6126p, while downgrading fr
Read moreThursday tips round-up: FirstGroup, Bunzl
12th Dec 2013 10:31
Sometimes acquisitions can go terribly wrong. That's what happened after First Group's debt-financed purchase of US outfit Laidlaw, in 2007. That has been reflected in the company's share price, which has been off by 80 per cent since then, while rival Stagecoach has seen its stock price appreciate
Read moreFTSE 250 movers: Imagination Tech plummets on cautious outlook
11th Dec 2013 16:17
The share price of chip group Imagination Technologies sank sharply on Wednesday after the firm said that shipment growth from its partners for the second half would be at a "slightly lower rate than previously seen", due to slowing growth in the higher-end smartphone market. Oxford Instruments was
Read moreLondon midday: Markets edge higher after US budget deal, Imagination plummets
11th Dec 2013 11:16
- US agrees on budget deal ahead of Friday deadline - RBS, Lloyds, StanChart lead banks lower - Imagination plummets on cautious guidance techMARK 2,683.01 +0.39% FTSE 100 6,537.76 +0.22% FTSE 250 15,471.94 +0.40% UK markets edged higher on Wednesday morning, with concerns over politician brinkman
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