Friday broker round-up
24th Aug 2018 14:41
(Sharecast News) - Antofagasta: RBC Capital Markets upgrades to outperform with a target price of 950p.
Read moreWednesday broker round-up
22nd Aug 2018 11:52
(Sharecast News) - Lancashire Holdings: Berenberg upgrades to hold with a target price of 600p.
Read moreGrafton Group beats forecasts, hails "excellent" half-year
22nd Aug 2018 07:41
(Sharecast News) - Grafton Group posted better-than-expected interim profits, hailing an "excellent" first half of the year across all of the company's operations.
Read moreGrafton Group to raise €160m in US private placing
14th Aug 2018 07:29
(Sharecast News) - Builders merchant Grafton Group on Tuesday said it was raising €160m (£144m) through a private placing in the US.
Read moreGrafton's revenue rises as it expands Selco brand in UK
13th Jan 2017 07:14
(ShareCast News) - Irish building materials company Grafton Group's revenue rose as it expanded the Selco merchanting brand in the UK. Revenue surged 13.4% in the year ended 31 December to £2.51bn, compared to last year, and increased 10.4% in constant currency. For the merchanting sector, which ac
Read moreFriday preview: US retail sales figures in focus
12th Jan 2017 14:20
(ShareCast News) - US economic data is set to dominate Friday's agenda with the release of retail sales figures and the University of Michigan's consumer confidence survey in focus. Economists expect the Commerce Department's US retail sales rose 0.7% in December following a 0.1% increase in Novembe
Read moreGrafton Group to buy Dutch ironmonger
18th Nov 2016 07:03
(ShareCast News) - Irish builders merchant Grafton Group has agreed to buy Dutch ironmonger Gunters en Meuser in order to increase its foothold on the continent. The deal, which is subject to approval from the Dutch competition authority, is expected to complete in January. Grafton chief executive
Read moreThursday broker round-up
1st Sep 2016 18:52
(ShareCast News) - Virgin Money: Berenberg reiterates hold with a target price of 300p. Alumasc Group: Peel Hunt maintains buy with a 210p target. Morrisons: Goldman Sachs downgrades to sell with a 175p target. Diageo: HSBC reiterates hold with a 2350p target. Lavendon: Berenberg keeps at buy wit
Read moreBroker tips: Lancashire Holdings, Grafton Group, Gym Group
1st Sep 2016 12:35
(ShareCast News) - RBC Capital Markets upgraded Lancashire Holdings to 'sector perform' from 'underperform' and lifted the price target to 625p from 500p. "Whilst we had always seen Lancashire as a high quality underwriting operation, company-specific issues at the end of 2015 led to our 'underperfo
Read moreGrafton Group slumps on Canaccord downgrade
1st Sep 2016 10:06
(ShareCast News) - Grafton Group's shares dropped on Thursday as Canaccord Genuity cut its rating on the stock to 'hold' from 'buy' and lowered its target price to 595p from 640p. The builders merchant on Wednesday reported a 8% rise in first half pre-tax profit to £62.8m as revenue grew 13% to £1.2
Read moreFTSE 250 movers: Grafton warns of challenging backdrop, gold miners drop
31st Aug 2016 16:41
(ShareCast News) - Grafton Group paced losses on the second tier index after warning of a challenging backdrop in UK merchanting. The builders´ merchant posted interim pre-tax profits up by 8% to £62.8m on revenue of £1.2bn, 13% higher from the first half of last year. "Shares are up +11% over the
Read moreGrafton H1 profit up but warns of challenging UK merchanting backdrop
31st Aug 2016 07:31
(ShareCast News) - FTSE 250 builders merchant Grafton Group posted a rise in first-half pre-tax profit as revenue grew thanks in part to strong growth in the Netherlands and Ireland, but the company warned of a challenging backdrop in UK merchanting. In the six months to the end of June, pre-tax pro
Read moreGrafton Group says builders merchanting being hit by Brexit doubts
12th Jul 2016 07:02
(ShareCast News) - Builders merchant and DIY retailer Grafton Group said like-for-like revenue growth was negative in June as the current uncertainty about Brexit began to weigh on the building trade. Group revenue for the six months to 30 June increased by 13.3% to £1.23bn and by 11.7% in constant
Read moreGrafton Group strong though Brexit fears linger
10th May 2016 08:26
(ShareCast News) - Builders merchanting and DIY company Grafton Group updated the market on its operations to the end of April on Tuesday, as investors gathered in Dublin for it annual general meeting. The FTSE 250 firm said it had a positive start to the year with broadly favourable economic condit
Read moreChadwick leaving Grafton after 30 years at helm
31st Mar 2016 07:40
(ShareCast News) - After more than 30 years at the helm, Grafton Group announced the retirement of Michael Chadwick as non-executive chairman on Thursday. The FTSE 250 company said Chadwick would step down from the board on 31 December, and would be succeeded by Michael Roney - currently chief execu
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