Sunday newspaper round-up: Tesco, Shire, Greene King
19th Oct 2014 17:27
The investigation into Tesco's £250m profit overstatement has found "inappropriate" behaviour largely confined to the first half of this year, the Sunday Times reported. The supermarket group is expected to say on 23 October that it will not have to restate previous years' results. The paper said th
Read moreFriday broker round-up UPDATE
3rd Oct 2014 09:25
Anite: Investec places its target price (prev.: 90p) under review maintaining a hold recommendation. Avon Rubber: WH Ireland ups target price from 765p to 800p and retains a buy recommendation. Investec ups target price from 700p to 720p upgrading from add to buy. BTG: Panmure Gordon raises target
Read moreWetherspoon’s finance director poached by Greene King
1st Oct 2014 09:20
JD Wetherspoon's finance director, Kirk David, has resigned in order to join rival pub chain Greene King. Wetherspoon chairman Tim Martin thanked Davis for his work and said the group had begun looking for his successor. Davis will replace Green King's chief financial officer Matthew Fearne, who wa
Read moreSunday newspaper round-up: Tesco, RBS, IAG
28th Sep 2014 21:05
The whistleblower who alerted Tesco to its accounting problem tried to do so before but was ignored, the Sunday Times reported. The accountant, reporting to Tesco's UK Finance Director, Carl Rogberg, raised concerns with superiors during ex-chief executive Philip Clarke's time in charge but "failed
Read moreWednesday newspaper round-up: ECB, Barclays, Greene King
24th Sep 2014 07:11
The European Central Bank (ECB) is under pressure to help the Eurozone's struggling economy, The Financial Times reported on Wednesday. On Monday, leading shares in London closed 97 points lower, their biggest daily drop since March, following disappointing purchasing managers' index (PMI) data from
Read moreFTSE 250 movers: African Barrick Gold leads upside
10th Sep 2014 15:48
A rise in gold futures helped lift African Barrick Gold. N+1 Singer gave Genus a lift to 'buy' from 'hold' and increased its target price from 1,000p to 1,287p. Greene King was knocked lower by Numis which lowered its rating on the stock from 'buy' to 'add'. Restaurant Group was also in the red af
Read moreBroker tips: RBS, Greene King, Thorntons, Housebuilders
10th Sep 2014 12:47
Investec has upgraded its rating for RBS from 'sell' to 'hold', playing down concerns about the upcoming Scottish referendum which has led to the stock's recent underperformance against the wider banking sector. "We believe any such event-specific weakness will unwind after 18 September as we antici
Read moreNumis downgrades Greene King from 'buy' to 'add'
10th Sep 2014 09:39
Numis Securities has cut its rating for pub group and brewer Greene King from 'buy' to 'add' after the company's first-quarter trading update on Wednesday. "Greene King’s strategy is to grow its managed estate (c.73% of group profit), reduce its reliance on tenanted pubs (c.17% of group profit
Read moreGreene King disappoints with slower managed pub sales
10th Sep 2014 08:02
Trading at Greene King's managed pubs lacked fizz in the first quarter as a "disappointing" World Cup provided an insufficient kick to help match a strong comparative period last year, leading analysts to downgrade full-year figures. Like-for-like (LFL) sales in the group's dominant retail segment w
Read moreInvestors should dip into Greene King, says Numis
26th Aug 2014 16:43
Numis Securities is telling investors to top up on shares in pub landlord and brewer Greene King. The broker has upgraded Greene King to 'buy' from 'add' with a 975p target price, praising the company's long-term strategy and pointing to recent share price weakness as a buying opportunity. "We are
Read moreTuesday broker round-up
26th Aug 2014 10:16
Bioquell: N+1 Singer upgrades from hold to buy with an unchanged target price of 112p. Investec cuts target price from 133p to 98p, while upgrading from hold to add. Circle Oil: Investec moves target price from 50p to 70p and maintains a buy recommendation. Clinigen Group: N+1 Singer ups target pr
Read moreFTSE 250 movers: Just Eat extends gains, shares now close to offer price
13th Aug 2014 15:00
The share price of Just Eat pushed even higher on Wednesday after the company said the previous day that profits trebled in the first half. The online takeaway marketplace said pre-tax profit was up 200% to £6m on revenues that jumped by 58% to £69.8m. The newly-listed stock has now jumped over 15
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreFTSE 250 movers: Greene King leads risers as Ocado falls
4th Jul 2014 15:59
Greene King recovered from yesterday's declines, which came after the pub owner warned that consumers were still cautious, despite posted a rise in profit. Computacenter rose after UBS upgraded its from 'neutral' to 'buy'. Evraz shares climbed on rumours that the company is looking to offload a
Read moreFTSE 250 movers: Ocado continues higher as Balfour sinks
3rd Jul 2014 14:42
Online grocer Ocado continued to rebound from Tuesday's heavy sell off which came on the back of an underwhelming set of interim results on Tuesday. Drax Group was lifted by Credit Suisse, which upgraded the stock from 'neutral' to 'outperform', and increased its target from 695p to 750p. Meanwhil
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