FTSE 250 movers: Oil stocks rise on M&A hopes, Go-Ahead upgraded
8th Apr 2015 15:34
A host of stocks in the oil sector were performing well on Wednesday after a £47bn takeover of BG Group by Shell sparked hopes it will trigger a new wave of industry consolidation. Larger players have held up well amid the oil crisis compared with their smaller peers and could now look to snap up st
Read moreHSBC and Nomura slap 'buy' ratings on the UK's Go-Ahead and Stagecoach
8th Apr 2015 12:03
Go-Ahead Group and Stagecoach shares were both rated 'buy' at investment banks HSBC and Nomura who on Wednesday coincidentally offered their updated views on the UK bus and rail transport sector. In separate notes, Nomura upgraded its rating on Go-Ahead to 'buy' from 'neutral 'while HSBC established
Read moreGo-Ahead H1 in line with expectations despite difficulties in bus division
19th Feb 2015 08:32
Public transport operator Go-Ahead said its first-year results were in line with expectations but the second half might see a slowdown in revenue growth due to lower passenger journeys in its Go North East and Oxford Bus company. Passenger numbers in Oxford were particularly affected by roadworks, w
Read moreBombardier wins £145m deal for Gatwick Express trains
18th Nov 2014 14:38
Canadian train builder BombardierTransportation has won a £145m deal to build trains for Britain's Gatwick Express rail service. Bombardier has won the contract for 27 four-car Electrostar trains from the Govia Thameslink rail franchise, which runs routes stretching from Bedford and Peterborough to
Read moreBroker tips: Shire, ARM Holdings, Transport, Real estate
21st Oct 2014 12:55
Panmure Gordon chose to reiterate its 'buy' recommendation on Shire even though the $54bn pursuit by Abbvie is now officially over, highlighting an "opportunity" for investors to pick up shares after recent falls. Analyst Savvas Neophytou said that the company's rare diseases business still remains
Read moreJump aboard Stagecoach rather than Go-Ahead, says Shorecap
21st Oct 2014 12:13
Broker Shore Capital welcomed transport group Go-Ahead's latest update but said it was keener on rival Stagecoach. Go-Ahead said in a first-quarter trading update on Tuesday that commercial and concessionary passenger numbers on its regional buses were broadly flat year-on-year, with weakness in the
Read moreTuesday broker round-up UPDATE
21st Oct 2014 08:50
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating. Anglo American: JP Morgan raises target price from 1240p to 1310p, while leaving its underweight rating unchanged. Investec increases target price from 1573p to 1603p and stays with its buy reco
Read moreGo-Ahead hit by flat regional bus passenger numbers
21st Oct 2014 07:34
Transport group Go-Ahead reported flat bus passenger numbers and said local transport chiefs in north-east England were set to take greater control of one of its key bus markets. The company also said engineering work had hit its London Midland rail franchise in the first quarter, slashing revenue f
Read moreThursday broker round-up UPDATE
2nd Oct 2014 10:11
BAE Systems: Investec downgrades from hold to sell with a target price of 430p. British Sky Broadcasting: Credit Suisse ups target price from 600p to 630p and reiterates an underperform rating. Cobham: Investec lowers target price from 290p to 280p and stays with its reduce rating. Consort Medical
Read moreFTSE 250 movers: Tate & Lyle slides after profit warning
23rd Sep 2014 14:55
Sweetener maker Tate & Lyle led the downside after issuing a profit warning. It blamed severe US weather and the temporary shutdown of a plant in Singapore for higher costs, but did also say that sales of its flagship Splenda sucralose sweetener were ahead of last year. It admitted that the first ha
Read moreTuesday broker round-up UPDATE
23rd Sep 2014 09:36
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged. African Minerals: Credit Suisse reduces target price from 120p to 25p, while leaving its neutral rating unchanged. Aviva: Goldman Sachs ups target price from 490p to 515p and reiterates a neutr
Read moreGo-Ahead wins extension to Southeastern rail deal
11th Sep 2014 07:29
Bus and rail group Go-Ahead has won an extension to its contract to run trains in south-east England until June 2018. Go-Ahead, which runs the Southeastern, Southern and London Midland franchises, said the Department for Transport had handed it an uncontested "direct award" contract extension betwee
Read moreFTSE 250 movers: Supergroup jumps after sales beat expectations
4th Sep 2014 16:41
A decline in like-for-like (LFL) sales at fashion retailer Supergroup was not as bad as feared in the first quarter, helping the stock to jump on Thursday. The company also reassured the market by highlighting improving trends over the first few weeks of the second quarter. A 44.5% leap in profit h
Read moreLondon midday: Gains limited as investors await ECB meeting, Draghi
4th Sep 2014 12:09
- Draghi in focus as ECB decides on policy - BoE holds rates, global data ahead - Standard Life surges after Canadian deal - EasyJet, Supergroup and Go-Ahead rise techMARK 2,868.07 +0.03% FTSE 100 6,888.35 +0.21% FTSE 250 15,960.26 -0.20% UK market were rangebound on Thursday morning, fluctuating
Read moreProfit jumps 44.5% at Go-Ahead Group
4th Sep 2014 09:06
A 44.5% leap in profit helped to drive shares in Go-Ahead Group higher on Thursday, as the transport company cheered with its full-year results. Profit before tax rose from £63.1m to £91.2m year-on-year, helped by a 5.1% increase in revenue to £2,702.4m (2013: £2,571.8m). Basic earnings per share
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