Tuesday preview: Betfair and Greene King report
2nd Dec 2013 15:09
Betfair is expected to report a drop in revenue on Tuesday when it reports its interims. Numis has forecast interim revenue of £183m, down from £201m in 2012, and earnings before interest, tax, depreciation and amortisation (EBITDA) of £54m. The broker recommended a 'buy' rating, saying active us
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreVedanta Deputy Executive Chairman trades in 50,000 shares
20th Sep 2013 08:22
Navin Agarwal, the Deputy Executive Chairman, of mining group Vedanta, on Thursday disposed of 50,000 shares, reducing his stake to 167.53m. The director sold the stock at 1,174p a time, earning himself £587,000. This week the company welcomed Tom Albanese, the former Chief Executive of Rio Tint
Read moreThursday broker round-up UPDATE
12th Sep 2013 09:01
African Minerals: Deutsche Bank cuts target price from 550p to 450p and retains a buy recommendation. Citi lowers target price from 380p to 320p keeping a buy recommendation. Aggreko: Deutsche Bank reduces target price from 2100p to 1870p, while staying with its buy recommendation. ARM Holdings: G
Read moreWednesday broker round-up UPDATE
4th Sep 2013 08:50
Abbey Protection: Numis lowers target price from 120p to 110p keeping a hold recommendation. Antofagasta: Investec takes target price from 707p to 725p, but still recommends selling. Ashtead Group: Numis ups target price from 640p to 670p and retains a hold recommendation. Panmure Gordon increases
Read moreGreene King toasts weather and confident consumer for strong start
4th Sep 2013 08:27
Brilliant British summer weather helped brewer Greene King outdo last year's strong comparatives and see cautious signs of optimism for the industry. Like-for-like sales at the group's managed pubs business frothed up 4.6% in the 18 weeks to September 1st as the wonderful weather more than counterb
Read moreLondon pre-open: Subdued start expected after Monday's surge
3rd Sep 2013 07:31
Markets are expected to open slightly higher on Tuesday morning, extending gains after a strong performance the day before. City sources predict the FTSE 100 will open up 12 points from yesterday's close of 6,506.19. Stocks surged the day before as traders took advantage of low volumes - with W
Read moreWarm weather boosts Greene King as growth accelerates in Q1
3rd Sep 2013 07:07
Pub group Greene King said that decent weather this summer and growing consumer confidence helped drive sales in its first quarter, with like-for-like (LFL) growth accelerating strongly. LFL sales in its largest business, Retail, were up 4.6% during the 18 weeks to September 1st, as the difficult c
Read moreTuesday broker round-up UPDATE
27th Aug 2013 09:14
Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.
Read moreMonday broker round-up UPDATE
12th Aug 2013 07:30
BAE Systems: Morgan Stanley increases target price from 350p to 430p and retains an equal-weight rating. Bodycote: N+1 Singer upgrades to buy with a target price of 700p. British American Tabacco: Goldman Sachs takes target price from 4220p to 4280p and stays with its buy recommendation. Capita G
Read moreLondon close: Stocks fall for fourth straight day
7th Aug 2013 17:00
The FTSE 100 finished in the red for the fourth straight day on Wednesday as worries over a withdrawal of stimulus in the US and an underwhelming statement from the Bank of England (BoE) dampened sentiment. Comments from a number of Federal Reserve officials and the ongoing improvement in US econom
Read moreFTSE 250 movers: Ferrexpo jumps after solid first-half numbers
7th Aug 2013 14:55
Iron pellet producer Ferrexpo was the high riser on the FTSE 250 on Wednesday with shares up over 10 per cent after a solid first-half report. Revenues were up 6.0% year-on-year at $775m as strong sales demand offset lower market pricing. Analyst Louise Collinge from Investec said that underlying e
Read moreLondon midday: Markets underwhelmed by Carney's dovish guidance
7th Aug 2013 11:38
The FTSE 100 had sunk sharply by Wednesday lunchtime as markets reacted negatively to the Bank of England's (BoE) new forward guidance and improved growth forecasts. All eyes were on new BoE Governor Mark Carney today as he unveiled the central bank's quarterly Inflation Report in which he was wide
Read moreLondon open: Stocks fall as markets await Carney's forward guidance
7th Aug 2013 08:31
Markets opened with moderate losses on Wednesday morning as investors turned nervous ahead of the Bank of England's inflation report, the first under the governorship of Mark Carney. The heavyweight mining sector was again providing a drag on the FTSE 100 as metals prices fell, while a number of b
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.
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