Profit 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
Read moreFTSE 250 movers: Wood Group rises on better-than-expected earnings
19th Aug 2014 16:24
First-half earnings at energy services provider John Wood Group were flat but slightly better than the market was expecting, pushing shares higher on Tuesday. Revenues were up 10% at $3.8bn as the company benefitted from strong activity in the US shale sector. Amlin fell after Deutsche Bank cut its
Read moreHong Kong's MTR Corp beats UK rivals to £1.4bn Crossrail deal
18th Jul 2014 12:55
Hong Kong transport group MTR Corporation has won a £1.4bn deal to run London's new Crossrail rail link, beating off competition from rivals Go-Ahead, National Express and Arriva. MTR, which already runs the London Overground network with Arriva, will run Crossrail for up to 10 years, Transport for
Read moreFTSE 250 movers: Supergroup lifted by broker rating after recent falls
19th Jun 2014 14:19
SuperGroup investors took heed of the 'buy' recommendation preferred by Canaccord Genuity, with the broker saying that the "brand [is] still in fashion, even if shares aren't". The shares have been under heavy selling pressure in recent weeks, which presents an "good buying opportunity". Hedge fund
Read moreInvestec upgrades forecasts on Go-Ahead
19th Jun 2014 13:57
Investec has upgraded its profit forecasts on Go-Ahead after the train and bus operator said annual profits in its rail arm would be higher than expected. The broker increased its pre-tax forecast for 2013/14 by 9% to £83m this year and by 7% to £93m in 2014/15. It also upped its price target on th
Read moreThursday broker round-up UPDATE
19th Jun 2014 08:56
BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:
Read moreLondon pre-open: FTSE set to jump after Federal Reserve meeting
19th Jun 2014 07:40
London-listed stocks are expected to charge higher in today's session, lifted by the Federal Reserve Chair Janet Yellen's comments that interest rates will stay low "for a considerable time". City sources predict the FTSE 100 will open around 40 points above yesterday's close of 6,778.56. After a
Read moreGo-Ahead expects rail to deliver higher than expected full-year profit
19th Jun 2014 07:09
- Overall solid trading at train and bus divisions - Expects operating profit at train division to be ahead of previous expectations - Full-year forecasts for bus operations remain unchanged Train and bus group Go-Ahead reported a solid overall performance at both of its main businesses and while
Read moreTuesday broker round-up UPDATE
10th Jun 2014 09:45
ASOS: Goldman Sachs reduces target price from 6250p to 5750p, while upgrading to strong buy. Avon Rubber: Investec lowers target price from 690p to 680p and downgrades from buy to add. BAE Systems: Investec downgrades from add to hold with a target price of 430p. BG Group: Exane downgrades to neu
Read moreFTSE 250 movers: Go-Ahead soars on Thameslink win
23rd May 2014 14:33
A joint venture of bus and train operator Go-Ahead and a company part-owned by French state railway SNCF has won the battle to run the new Thameslink rail super-franchise in London and south-east England. The announcement was bad news for rival bidders FirstGroup, which already runs the Thameslink
Read moreBroker tips: Antofagasta, Go-Ahead, SAB Miller
23rd May 2014 13:07
Things are looking down for Chile-focused miner Antofagasta, Investec says, due mainly to the strength in sterling, an expected increase in the tax rate and the uncertain near-term outlook for the price of copper. The effective tax rate is seen rising to 35% from fiscal year 2017 in comparison to
Read moreLondon midday: FTSE continues to decline, Intertek drags lower
23rd May 2014 11:40
- FTSE down 16.44 points to 6,804.12 - Intertek hit by Numis comments - Elections in focus ahead of Bank Holiday weekend techMARK 2,747.39 +0.12% FTSE 100 6,799.91 -0.30% FTSE 250 15,677.95 +0.02% The FTSE was still down by midday, dragged lower by Intertek ahead of the long weekend which will see
Read moreGo-Ahead pulls off coup with Thameslink deal, says Investec
23rd May 2014 11:21
Train and bus group Go-Ahead has pulled off a major coup by winning the Thameslink rail super-franchise, according to Investec. The seven-year management contract will give the group certainty about its rail earnings for a number of years and is a major shareholder value-enhancing contract, Investe
Read moreFriday broker round-up UPDATE
23rd May 2014 09:53
Admiral Group: JP Morgan raises target price from 1022p to 1164p, while staying with its underweight rating. Antofagasta: Investec cuts target price from 715p to 690p and leaves its sell recommendation unchanged. Assura Group: Liberum Capital shifts target price from 44p to 47p and stays with its
Read moreLondon open: FTSE falls, Smiths and Tullow drag, elections in focus
23rd May 2014 08:55
- Smiths and Tullow disappoint - FTSE opens 16 points lower - Ukraine, European elections in focus techMARK 2,741.75 -0.09% FTSE 100 6,801.45 -0.28% FTSE 250 15,657.08 -0.11% The FTSE opened lower this morning, falling around 16 points in the first hour of trade, weighed by disappointing announcem
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