Tuesday broker round-up UPDATE
15th Jul 2014 08:53
Admiral Group: Numis moves target price from 1710p to 1720p, while downgrading from buy to add. African Barrick Gold: UBS initiates with a target price of 260p and a buy recommendation. Ashtead Group: Berenberg initiates with a target price of 1110p and a buy recommendation. British American Taba
Read moreRSA Insurance UK Chief reduces holding ahead of departure
21st May 2014 16:04
Adrian Brown, the outgoing Chief Executive Officer of RSA Insurance's UK & Western Europe business has reduced his stake in the group after his wife, Sara, disposed of 180,000 shares. The shares were traded in at 491.32p each for a total of £884,376. The transaction comes one month after the di
Read moreGVC enters Nordic joint venture as revenues increase in Q2
14th May 2014 09:41
Gaming group GVC Holdings has agreed a joint venture that provides an entry into the 'dynamic and expanding' Scandinavian gaming markets, and confirmed second quarter revenues increased robustly. Net gaming revenue in the 41-day period from April 1st to May 11th averaged 0.601m euros per day which
Read moreWednesday broker round-up UPDATE
14th May 2014 09:34
African Minerals: Deutsche Bank lowers target price from 335p to 324p maintaining a buy recommendation. Aveva: Panmure Gordon downgrades from buy to hold with a target price of 2199p. Aviva: Panmure Gordon ups target price from 540p to 585p and keeps a buy recommendation. boohoo.com: Investec ini
Read moreGVC declares special divi after Sportingbet turnaround and FYs in line
9th Apr 2014 10:33
Online gaming company GVC hit its full year numbers and declared a special dividend after it successfully turned round acquisition Sportingbet. Earnings before interest, taxation, depreciation, amortisation (EBITDA), share option charges and exceptional items ('clean EBITDA') soared 148% to €38.3m
Read moreMelrose director increases stake after positive update
9th May 2013 16:07
A round-up of the biggest director deals today so far Miles Templeman, Senior Non-Executive Director of Melrose Industries, the FTSE 100 industrial conglomerate, has added £152,400-worth of shares to his stake in the company one day after it reported revenue was one per cent ahead in the year-to-da
Read moreBelvoir Lettings Chairman sells shares to satisfy institutional demand
5th Apr 2013 16:55
Belvoir Lettings, the UK lettings specialist which listed on the AIM market in February last year, announced on Friday that its Executive Chairman and founder had sold a quarter of a million shares in the group in order to help satisfy 'significant institutional demand'. The news comes just a week
Read moreGVC shares suspended
16th Oct 2012 17:03
Online gaming firm GVC has requested a temporary suspension of trading today following the agreement of a revised and increased possible offer by GVC and William Hill for Sportingbet. Trading has been suspended because historic financial information in relation to the parts of the Sportingbet's bus
Read moreLondon close: US earnings spark surge in UK stocks
16th Oct 2012 16:32
- US earnings lift sentiment - Speculation Spain nearing a bailout request - Germany's Meister says remarks over interpreted -Guardian - German ZEW index beats forecasts Better-than-expected earnings from Goldman and Johnson & Johnson and signs of progress in the Eurozone saw the FTSE 100 surge 1.2
Read moreFTSE 250 movers: N Brown jumps after first-half beat
16th Oct 2012 15:12
Internet and catalogue home shopping firm N Brown topped the risers list on Tuesday afternoon, gaining 13 per cent after beating forecasts in the first half. The company reported that revenue in the 26 weeks to September 1st came in at £379.3m, up 4.3% on the year and ahead of the consensus estimat
Read moreSportingbet rejects 52.5p-a-share offer from William Hill/GVC
1st Oct 2012 14:40
AIM-listed online betting firm Sportingbet has rejected an indicative joint offer from sector peers William Hill and GVC Holdings for 52.5p per share. Sportingbet announced two weeks ago that it was approached by the two companies which were drawing up a possible offer. The company confirmed week
Read moreLondon close: M&A rumour mill cranks up
19th Sep 2012 16:53
After trading in positive territory for most of the day Footsie dipped into the red after US markets opened lower, but bounced back into the black in the final 90 minutes of trading. The day started well with the Japanese central bank unexpectedly opting to beef up its quantitative easing programme
Read moreWilliam Hill and GVC prepare Sportingbet bid
19th Sep 2012 15:46
William Hill and GVC Holdings said they were in the early stages of putting together a joint bid for online gaming group Sportingbet. The two firms said they envisaged an offer that would leave William Hill with Sportingbet's core Australian market and certain other locally licensed businesses, wit
Read moreGVC's B2B division having a stonking 2012
5th Jul 2012 10:12
GVC, which already runs its own online betting franchises, says its new business-to-business (B2B) offering has really hit the jackpot Gross revenues across the group in the six months to the end of June increased 147% over the prior year to €270k per day. The B2B division saw significant growth f
Read moreGVC fast out of the traps
25th May 2012 12:34
GVC Holdings, a provider of business-to-business (B2B) and business-to-customer (B2C) services to the online gaming and sports betting markets, has more than doubled like-for-like turnover in the year to date following an 'excellent' start to 2012. Turnover across both its B2C and B2B divisions in
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