Wednesday broker round-up
16th Mar 2016 15:55
(ShareCast News) - Hikma Pharmaceuticals: Panmure Gordon upgrades to buy with a target price of 2120p. Greggs: Berenberg upgrades to hold, 1020p target. Firestone Diamonds: Panmure Gordon reiterates buy with a target price of 27p and Finncap stays at buy with a target price of 51p. Cairn Energy: C
Read moreFTSE 250 movers: Three senior underwriters jump ship at Lancashire Holdings
1st Mar 2016 17:06
(ShareCast News) - Shares in Lancashire Holdings dropped to the bottom of the pile on Tuesday. After the close of trading in the previous session, the company said three more senior underwriters had jumped ship, close on the heels of the announced departure of John Hamblin, the CUO at Cathedral, in
Read moreGreggs steams higher on hot results and tasty investment plan
1st Mar 2016 09:18
(ShareCast News) - Greggs has serving up strong final results and said it was closing three of its 12 bakeries, in Twickenham, Edinburgh and Sleaford, as part of a new £100m investment programme to help it increase its outlets "substantially" beyond 2,000. After annual profits steamed 25% higher to
Read morePeel Hunt initiates Greggs at 'buy'
24th Feb 2016 09:23
(ShareCast News) - Peel Hunt initiated coverage of Greggs with a 'buy' rating and a 1,200p price target. The brokerage highlighted four key reasons underpinning its recommendation. It argued there was further growth to come from the reinvigoration of the product offering and freshening up of Gregg'
Read moreWednesday newspaper share tips: Market got Debenhams wrong
13th Jan 2016 10:57
(ShareCast News) - The Times' Tempus said on Wednesday that the market got Debenhams wrong, which has now delivered on its promises. On Tuesday the retailer reported solid Christmas trading, beating analysts' expectations. For the 19 weeks to 9 January, like-for-like sales were up 1.9%, comfortably
Read moreFTSE 250 movers: Debenhams solid Christmas trading spurs on market
12th Jan 2016 14:37
(ShareCast News) - The FTSE 250 was in the black by mid-afternoon Tuesday, rising 124.94 points (0.75%) to 16,783.26. Debenhams led the charge after the retailer reported solid Christmas trading, beating analysts' expectations. For the 19 weeks to 9 January, like-for-like sales were up 1.9%, comfor
Read more'On the go' breakfasts help Greggs lift full year sales
12th Jan 2016 07:17
(ShareCast News) - An appetite for breakfasts "on the go" and coffee helped Greggs the baker report healthy 5.2% rise in sales for the 52 weeks to 2 January 2015 and said it expected full year results to be in line with expectations. The company said statutory total sales for the 52 weeks of 2015 up
Read moreLondon close: Stocks end higher as miners and oil producers rally
6th Oct 2015 16:05
(ShareCast News) - The FTSE reversed an earlier decline on Tuesday to end higher, led by mining and energy producers as oil and base metal prices rallied. Oil producers Royal Dutch Shell, BP and BG Group were among the top risers as Brent crude and West Texas Immediate jumped 4% to $51.34 per barrel
Read moreFTSE 250 movers: Greggs surges on strong update; Acacia tumbles as output disappoints
6th Oct 2015 13:40
(ShareCast News) - London's FTSE 250 index was flat at 17,111.00 at 1400 BST, as investors took a breather following healthy gains in the previous session. Greggs surged after the bakery chain served up a tasty trading update. It said sales in the 13 weeks to October were slightly ahead of its expec
Read moreLondon pre-open: Stocks seen higher as hopes of loose monetary policy underpin sentiment
6th Oct 2015 07:43
(ShareCast News) - Stocks in London are expected to post modest gains at the open as the prospect of loose monetary policy continues to underpin sentiment. The FTSE 100 index is seen opening up 24 points at 6323. On the macroeconomic front, there are no major UK data releases due, but eyes will be
Read moreGreggs surges as it serves up better-than-expected sales
6th Oct 2015 07:21
(ShareCast News) - Bakery chain Greggs surged on Tuesday after it said sales in the third 13 weeks to October were slightly better than it had expected, adding that full-year results will likely be ahead of previous guidance. Greggs said like-for-like sales in the period grew by 4.9%, while total sa
Read moreCanaccord downgrades Greggs from 'buy' to 'hold'
6th Aug 2015 14:19
(ShareCast News) - Canaccord Genuity downgraded its rating for Greggs from 'buy' to 'hold' following its interim result last week. It retained a target price for the stock of 1350p, but reduced its rating as the current price was within 10% of its target. Analysts upgraded their earnings forecasts
Read moreGreggs enjoys strong H1 results after products and stores investments
29th Jul 2015 10:08
(ShareCast News) - Favourable market conditions, new poducts and stores investments helped Greggs to deliver strong first-half results. The bakery chain saw its revenues increase 6% to £398.4m while total pre-tax profits tripled to £25.6m during the six months ended 4 July 2015. The results were dr
Read moreGreggs' finance director sells £0.5m worth in shares
6th May 2015 15:58
The finance director at Greggs has sold £0.5m worth in shares on Wednesday. Richard Hutton sold 47,200 shares for an individual price of 1,145.60p, pocketing a total of £540,723. The sale follows an exercise of 62,640 shares for 356p. The sold shares were transferred to Joanna Clare Hutton, a benef
Read moreFTSE 250 movers: NMC Health surges on acquisitions, Ophir Energy reverses
29th Apr 2015 13:20
Healthcare provider NMC Health topped the risers after completing the acquisition of two sector peers based in the United Arab Emirates for a combined £65m. Following the deal, analysts at Numis raised the target price on the stock for the second time in six weeks. Greggs surged after first-quarter
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