Thursday broker round-up - UPDATE
18th Oct 2012 09:24
Ashtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t
Read moreLondon open: Stocks flat ahead of EU summit
18th Oct 2012 08:34
- Markets await EU summit - Chinese data points to stabilisation - EVRAZ and the miners gain early on London's FTSE 100 index opened broadly flat on Thursday morning as investors showed caution ahead of the EU summit in Brussels. Markus Huber from ETX Capital said this morning: "EU leaders are kic
Read moreGo-Ahead sets high target for bus profits -UPDATE
18th Oct 2012 07:27
Transport group Go-Ahead said that trading in the first quarter has been strong as it announced a new ambitious target for profit growth in its bus division. "I am pleased to report strong growth across our regulated and deregulated bus businesses, demonstrating the effectiveness of the group's str
Read moreGovernment admits 'terrible mistake' over West Coast franchise shambles
3rd Oct 2012 14:23
Transport Secretary Patrick McLoughlin has said that the government has made a 'terrible mistake' in granting the West Coast rail contract to FirstGroup back in August, saying that the taxpayer bill for the mishap will be in the region of 40m pounds. McLoughlin said on Wednesday that the Department
Read moreLondon midday: Stocks flat as economic data disappoints
3rd Oct 2012 11:21
- Gloomy Chinese, UK and Eurozone data - Rajoy denies bailout - FirstGroup sinks after West Coast disappointment. The FTSE 100 was trading broadly flat by midday on Wednesday as investors remained cautious after a raft of disappointing economic data. China's non-manufacturing purchasing managers'
Read moreBroker tips: Tesco, Schroders, FirstGroup
3rd Oct 2012 11:01
Seymour Pierce has retained its 'reduce' rating for supermarket giant Tesco after the group's first-half profits came in well below expectations. Tesco this morning reported a 15% drop in first-half profit before tax (pre exceptionals and property profits) to £1,497m, under Seymour Pierce's £1,603m
Read moreBroker snap: FirstGroup's peers also affected by West Coast cancellation
3rd Oct 2012 09:35
Jefferies has reiterated its 'hold' recommendation for transport firm FirstGroup after the government's decision to cancel the West Coast franchise competition, adding that it will have an adverse impact on sector peers Go-Ahead and National Express. The Department for Transport (DfT) announced on
Read moreWednesday broker round-up
12th Sep 2012 08:54
African Minerals: Jefferies keeps buy rating and 550p target. Ashmore: UBS raises target from 370p to 390p, buy rating kept. ASOS: Panmure Gordon lifts tagged from 2,179p to 2,378p, buy rating kept. Barratt Developments: Panmure Gordon keeps buy rating and 190p target; Jefferies keeps buy rating
Read moreThursday broker round-up - UPDATE
6th Sep 2012 09:00
Abcam: Canaccord Genuity keeps hold rating and 370p target. AG Barr: Societe Generale upgrades ot hold, target lifted from 370p to 440p. ASOS: Nomura ups target from 1,660p to 1,700p, neutral rating kept. Barclays: Credit Suisse downgrades to neutral, target cut from 215p to 200p. BG Group: Gold
Read moreGo-Ahead's full year revenues top expectations
6th Sep 2012 07:45
Go-Ahead Group, which operates a huge bus network and several big rail franchises, has beaten expectations for full-year revenue but admits its Southern rail franchise is suffering in the downturn. Revenue for the year was £2.424bn, 5.5% ahead of the previous year with the company pointing to "stro
Read moreThursday broker round-up
2nd Aug 2012 10:00
Aggreko: Investec keeps buy rating and 2,520p target. Antofagasta: UBS lifts tagged from 850p to 870p, sell rating unchanged. BAE Systems: Investec maintains hold rating and 290p target. Drax: AlphaValue downgrades to reduce. ENRC: UBS cuts tagged from 640p to 615p, buy rating maintained. Filtr
Read moreBroker snap: Jefferies upgrades Stagecoach on Megabus potential
23rd Jul 2012 15:29
Jefferies on Monday upgraded its rating for transport firm Stagecoach from 'hold' to 'buy' and raised its target price (TP) from 240p to 335p, saying that next year looks to be an 'inflexion year' for its Megabus division. "Our sense is that the inconsistent operational performance and balance shee
Read moreThursday broker round-up
21st Jun 2012 09:13
ARM Holdings: Investec maintains buy rating and 800p target. Ashtead: Jefferies ups target from 300p to 320p, buy rating retained. Bellway: Goldman Sachs downgrades to neutral. British Land: Societe Generale downgrades to sell. CRH: HSBC upgrades to overweight. Dignity: Goldman Sachs downgrades
Read moreGo-Ahead eyes tough rail conditions
21st Jun 2012 07:20
Bus and trains operator Go-Ahead said it remains confident of delivering full year result in line with company expectations but warned its rail business will be hit by tough economic conditions in the next financial year. "Looking ahead to the next financial year, we expect the performance of our b
Read moreMPs hope to derail government plans
8th May 2012 12:14
UK law-makers have tabled a motion criticising the government's plans for the railway industry, blasting them a 'national disgrace' that will lead to a poorer service and higher costs. Over a hundred members of parliament (MPs) have signed up to the early day motion (EDM), which opposes suggestion
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