Broker snap: Significant upside potential exists in rail, says Nomura
27th Nov 2012 10:49
Nomura has highlighted 'the missing value of rail' in its review of the public transport sector and labelled Stagecoach as its key 'buy' in the category. The broker highlighted that public transport companies each operate in a diverse set of businesses - bus, rail, coach, student transport and sigh
Read moreTuesday broker round-up UPDATE
27th Nov 2012 07:19
Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3
Read moreFirstGroup's NW bus businesses just the ticket for Stagecoach
12th Nov 2012 07:42
A number of buses in Birkenhead and Chester are set to get a respray after a change of ownership from FirstGroup to Stagecoach. In a development reminiscent of the passenger experience of waiting ages for a bus and then several coming along at once, bus and train group FirstGroup is selling its Bir
Read moreAdmiral COO shows support for company during tough times
8th Nov 2012 16:59
The Chief Operating Officer of Admiral Group has shown his faith in the company less than a week after it disappointed investors with its third-quarter revenues. David Stevens, the Chief Operating Officer and co-founder of the company, pushed his stake in the company to 10.63m with the addition of
Read moreLondon close: 'Obama-rally' squashed by euro concerns
7th Nov 2012 16:46
- Footsie retreats from eight-month high after EC forecast - Fiscal cliff, Germany and Greece weigh on sentiment - Randgold loses 6.4 per cent after Q3 statement The 'Obama-rally' proved only temporary on Wednesday as concerns about the Eurozone crisis offset any optimism regarding the re-election
Read moreFTSE 250 movers: Spirax Sarco rises on sales increase
7th Nov 2012 14:55
Engineering group Spirax Sarco jumped after saying that organic sales increased six per cent in the four months to the end of October, ahead of the rate of growth reported in the first half. Online gaming software company Playtech was in demand after delivering impressive revenue growth in the thi
Read moreFirstGroup holds divi amid franchise fiasco
7th Nov 2012 07:25
Transport company FirstGroup said trading during the first half of the year is in line with company expectations, despite continued economic headwinds. Underlying pre-tax profit declined 42.4 per cent to £48.7m in the six months to September 30th. The group saw a one off exceptional gain in the pre
Read moreFriday broker round-up
2nd Nov 2012 08:18
Associated British Foods: Panmure Gordon keeps hold rating and 1,300p target. Balfour Beatty: Goldman Sachs downgrades to neutral, target cut from 330p to 322p. BG Group: Deutsche Bank downgrades to hold, target cut from 1,700p to 1,350p; Liberum Capital downgrades to hold. British Sky Broadcasti
Read moreWednesday broker round-up - UDPATE
31st Oct 2012 09:09
AMEC: Seymour Pierce keeps buy rating and 1,250p target; Investec keeps buy rating and 1,300p target. Babcock: Panmure Gordon keeps hold rating and 940p target. Barclays: Nomura keeps reduce rating and 210p target. BP: Jefferies keeps hold rating and 450p target. Chariot Oil & Gas: Seymour Pierc
Read moreStagecoach buys Wigan bus business
31st Oct 2012 07:27
Passenger transport group Stagecoach is to acquire the Wigan bus business and assets from First Manchester, part of FirstGroup. Stagecoach is paying £12m for a business which operates both commercial bus services and a small number of school contracts. In the 12 months to the end of March the busi
Read moreTuesday tips round-up: Optos, First Group, Quindell Portfolio
16th Oct 2012 06:45
Optos is a Scottish medical technology company that makes scanning devices allowing early detection of cataracts, glaucoma or retinal detachment. Tempus in The Times writes that operating profits for the year to September are set to beat market forecasts of 22.3m dollars. In addition, its management
Read moreWednesday broker round-up - UDPATE
10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read moreTuesday tips round-up: Michael Page, Daisy Group, First Group
9th Oct 2012 06:49
Challenging market conditions weighed heavily on Michael Page's performance during the third quarter of the year. The company's business in Europe, the Middle East and Africa (EMEA), which represents 39 per cent of its profits, suffered a 16 per cent year-on-year fall in gross profits to 49m pounds,
Read moreLondon close: Stocks end flat after BoE and ECB decisions
4th Oct 2012 17:02
- BoE and ECB hold rates - US data beats estimates - Next leads risers after broker comments The Footsie swung between gains and losses for most of Thursday's session but finished the day broadly flat following a busy day on the global economic calendar, which saw policy decisions in the UK and Eur
Read moreBroker tips: Tate and Lyle, Halfords, FirstGroup
4th Oct 2012 12:02
Credit Suisse has raised its recommendation for sweeteners and food products group Tate and Lyle from 'neutral' to 'outperform' and raised its target price from 700p to 750p despite leaving its forecasts unchanged. Credit Suisse said: "Tate has spent a few years getting its house in order, disposin
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