FirstGroup on track for first-half
3rd Oct 2013 07:34
Transport firm FirstGroup said overall trading in the first half of its financial year is in line with company expectations, despite persistent headwinds in some of its markets. For the six months to September 30th, like-for-like (LFL) passenger revenue in its UK bus division is expected to increas
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreBroker snap: JPMorgan ups Go-Ahead and Stagecoach to 'overweight'
17th Sep 2013 10:00
Travel stocks were performing well on Tuesday after upbeat comments on the UK bus and rail markets from JPMorgan Cazenove. The US bank raised its ratings for both Go-Ahead (GOG) and Stagecoach (SGC) from 'neutral' to 'overweight'. Analysts Wenchang Ma and Christopher Combe said: "We upgrade GOG an
Read moreTuesday broker round-up UPDATE
17th Sep 2013 08:56
Aggreko: Credit Suisse reduces target price from 2000p to 1400p and downgrades from neutral to underperform. Antofagasta: WH Ireland downgrades to neutral. Associated British Food: Nomura moves target price from 1650p to 1670p staying with its reduce rating. Aviva: Berenberg downgrades from hold
Read moreMorgan Sindall CEO sells 500,000 shares
9th Aug 2013 15:42
The founder and Chief Executive Officer (CEO) of Morgan Sindall has trimmed his stake in the construction and regeneration company to under a tenth over three millions pounds-worth of shares. John Morgan sold 500,000 shares (equal to a 1.16% holding) at a price of 665p each for a total of £3.3m, ta
Read moreLondon open: Miners, financials gain ahead of BoE minutes
17th Jul 2013 08:30
Markets edged higher on Wednesday morning with strong gains in the mining and financial sectors providing a lift ahead of key announcements from central banks in the UK and US. The minutes of the latest Bank of England policy meeting are due out this morning with investors waiting to hear what Mark
Read moreLondon pre-open: Markets seen higher with central banks in focus
17th Jul 2013 07:41
Stocks are expected to make small gains on Wednesday morning with both the Bank of England (BoE) and Federal Reserve in focus. City sources predict the FTSE 100 will open up around 10 points from yesterday's close of 6,556. The minutes of the latest BoE policy meeting are due out this morning with
Read moreFirst Group says trading is on track
17th Jul 2013 07:02
FirstGroup said trading in the second quarter was in line with management expectations but warned shareholders there was still a lot to do to restore the company to strength. Ahead of its annual general meeting on July 17th, the transport group said the recovery programmes at its First Student and
Read moreWednesday broker round-up UPDATE
10th Jul 2013 08:59
Anglo American: Goldman Sachs reduces target price from 1400p to 1100p and retains a sell recommendation. Antofagasta: Goldman Sachs takes target price from 935p to 810p reiterating its neutral rating. Babcock: JP Morgan increases target price from 1230p to 1380p and retains an overweight rating.
Read moreTuesday broker round-up UPDATE
2nd Jul 2013 08:24
Amara Mining: Westhouse Securities raises target price from 60p to 90p and stays with its buy recommendation. Canaccord Genuity lowers target price from 50p to 40p maintaining its buy recommendation. Anite Group: Panmure Gordon shifts target price from 171p to 177p and reiterates a buy recommendati
Read moreFirstGroup sells eight London bus depots
24th Jun 2013 09:35
FTSE 250-listed transport company FirstGroup has completed the disposal of its London bus depots. Five of its London bus depots were sold to Metroline and three to Transit Systems Group for a combined consideration of about £80m, the company said. Giles Fearnley, Managing Director of FirstGroup UK
Read moreFTSE 250 movers: FirstGroup, Aveva, SDL, Vesuvius
18th Jun 2013 14:28
FirstGroup's shares rebounded from Monday's slump as advisors to the transport operator tried to gain support ahead of the closing of the company's 600m pound rights issue next year. Aveva Group advanced after Citigroup lifted its rating of the British multinational company to 'buy' from 'neutral'
Read moreFTSE 250 movers: International Personal Finance jumps after upbeat broker comment
17th Jun 2013 15:08
Eastern Europe-focused home-credit business International Personal Finance was the best performing stock on the FTSE 250 on Monday after analysts at Renaissance Capital named it as their top pick in the financial sector in that region. "We like the resilience of the business model, while we love it
Read moreMonday broker round-up UPDATE
17th Jun 2013 07:21
Antofagasta: UBS reduces target price from 1140p to 1050p, while upgrading from neutral to buy. ARM Holdings: Analysts at Numis have cut their view on the shares to reduce from hold. Associated British Foods: Nomura cuts target price from 1800p to 1650p downgrading to reduce. Atkins: Jefferies u
Read moreThursday broker round-up UPDATE
13th Jun 2013 07:01
African Barrick Gold: Citi moves target price from 175p to 124p and maintains a sell recommendation. ASOS: Nomura raises target price from 2970p to 3400p keeping a neutral rating. Exane increases target price from 4200p to 5000p and retains its outperform rating. Citi ups target price from 4400p to
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