G4S to sell controversial children's services division
26th Feb 2016 14:33
(ShareCast News) - Security firm G4S has decided to sell its UK Children's Services division as part of an ongoing review of its businesses. G4S said it has begun a process to sell the business, which comprises 13 children's homes and contracts to manage two secure training centres at Medway and Oak
Read moreMonday broker round-up
8th Feb 2016 15:02
(ShareCast News) - Petrofac: Goldman Sachs downgrades to neutral with a target of 909.8p. G4S: Jefferies downgrades to underperform with a target price of 170p. Cairn Energy: RBC keeps at outperform, 200p target. Wood Group: Goldman Sachs downgrades to sell, 517.6p target. Amec Foster Wheeler: No
Read moreJefferies downgrades G4S on EM tail risks
8th Feb 2016 10:00
(ShareCast News) - G4S was under the cosh after Jefferies downgraded the stock to 'underperform' from 'hold' and slashed the price target to 170p from 260p. "Emerging market headwinds could offset self-help initiatives in 2016, prompt S&P to reintroduce a negative outlook and require G4S to repair i
Read moreWorldpay Group, Provident Financial and DCC to join FTSE 100
2nd Dec 2015 18:10
(ShareCast News) - On Wednesday evening FTSE announced the results of its December review, with Worldpay Group, Provident Financial and DCC replacing G4S, Morrisons and Meggitt in the top flight index as of 18 December. The three constituents which were set to exit the FTSE 100 would fatten the rank
Read moreMorrisons, G4S, Meggitt set for demotion in FTSE reshuffle
30th Nov 2015 11:21
(ShareCast News) - Morrisons, G4S and Meggitt look set to lose their spots in the FTSE 100 on Wednesday, with Worldpay, Provident Financial and DCC likely to replace them. The FTSE committee will reveal the results of its quarterly index on Wednesday, with changes effective from 21 December. Aerosp
Read moreBroker tips: Imperial Tobacco, G4S, BAE Systems
20th Nov 2015 14:54
(ShareCast News) - Regardless of whether the speculation swirling around a possible bid for Imperial Tobacco from British American Tobacco pans out or not, the organic story and valuation argument are "compelling enough", Chris Whitman at Whitman Howard said in a research note sent to clients. Whitm
Read moreG4S feels the pinch after Credit Suisse downgrade
20th Nov 2015 14:05
(ShareCast News) - London-listed security firm G4S was under the cosh after Credit Suisse cut the stock to 'neutral' from 'outperform' and slashed its price target to 250p from 320p. The downgrade came as the bank reduced its 2015-2017 earnings per share forecasts by 3% and 12%, respectively, to ref
Read moreBroker tips: IMI, Daily Mail&General Trust, G4S
13th Nov 2015 10:53
(ShareCast News) - Societe Generale downgraded IMI to 'hold' from 'buy' and slashed the price target to 975p from 1,350p after the company said on Thursday that earnings for the year would be at the low end of market views. "We remain upbeat on the longer-term benefits of the strategic turnaround pr
Read moreG4S tumbles as RBC cuts price target, estimates
13th Nov 2015 09:05
(ShareCast News) - G4S shares slumped on Friday after RBC Capital Markets cut its price target on the stock to 210p from 230p, noting that organic growth has slowed of late. The Canadian bank said management is talking a long-term improvement story. "However, exceptionals, business shrinkage and do
Read moreFTSE 100 movers: Coca-Cola and TUI lifted by results, G4S dented by downgrades
13th Aug 2015 14:03
(ShareCast News) - London's top flight index was up 0.3% at 6,593 at 1415 BST, recovering from two consecutive days of losses as worries about a slowdown in China abated. Coca-Cola HBC was the standout gainer after the bottling firm posted a 31.7% rise in first-half net profits to €125.2m, even as s
Read moreLondon midday: Equities rise as PBoC defends yuan devaluation, Greek GDP grows
13th Aug 2015 11:29
(ShareCast News) - UK equities were on the front foot as China's central bank defended its devaluation of the yuan and as Greece delivered surprise economic growth in the second quarter. The People's Bank of China devalued the yuan for the third consecutive day on Thursday. The Bank set the parity r
Read moreG4S knocked lower by downgrades from Goldman Sachs, Exane
13th Aug 2015 11:25
(ShareCast News) - Outsourcer G4S was knocked lower on Thursday as analysts from Goldman Sachs and Exane BNP Paribas downgraded the stock the day after results. Looking across a range of brokers, Goldman Sachs cut its rating on G4S to 'sell' and Exane downgraded to 'neutral', while Jefferies cut for
Read moreThursday tips round up: G4S, Interserve
13th Aug 2015 10:12
(ShareCast News) - G4S chief executive Ashley Almanza has been trying to clean up the security firm, The Financial Times' Lex said. Control at G4S has been lacking in the past, Lex said, citing the Olympic contract it was unable to fill and a probe into its prisoner monitoring work. "The problem fo
Read moreLondon close: UK stocks decline after labour market data disappoints
12th Aug 2015 16:16
(ShareCast News) - UK stocks ended Wednesday lower as investors processed disappointing UK jobs data and another devaluation of the yuan by China's central bank. The number of people employed in the UK in the three months to June fell 63,000 to 31.035m, more than the 55,000 drop expected by analysts
Read moreLondon midday: Stocks drop on UK jobs data, China woes, Greek concerns
12th Aug 2015 11:32
(ShareCast News) - Worse-than-expected UK jobs data and another devaluation of the yuan by China's central bank sent London-listed stocks lower on Wednesday at midday. The number of people employed in the UK in the three months to June fell 63,000 to 31.035m, more than the 55,000 drop expected by an
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