Sector movers: Support services firms get boost from UBS
15th Jul 2016 17:37
(ShareCast News) - The Footsie closed higher for a fourth consecutive week for a cumulative 5% gain since the EU referendum vote, albeit wih defensive issues pacing gains in the form of advances for tobacco and pharmaceuticals. "More defensive sectors have led the way, showing that safety and yield
Read moreHays expects FY operating profit ahead of market views
14th Jul 2016 07:58
(ShareCast News) - Hays surged on Thursday after saying it expects full-year operating profit to be ahead of current market estimates at around £180m. For the three months ended 30 June, the FTSE 250 recruitment firm reported total net fee growth of 12% on a headline basis, with like-for-like growth
Read moreFriday newspaper share tips: Rio Tinto, Hays, PageGroup
1st Jul 2016 11:18
(ShareCast News) - Investors in Rio Tinto need not worry about yesterday´s unexpected change of control in Mongolia´s parliament, the Financial Times´s Lex column said. The opposition Mongolian People´s Party won control of the chamber by a landslide vote, prompting some to worry given that one of t
Read moreITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
20th Jun 2016 09:25
(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal
Read moreFTSE 250 movers: Takeover talks send Entertainment One higher
14th Apr 2016 14:38
(ShareCast News) - The FTSE 250 was trading down on Thursday afternoon, after a unanimous Bank of England decision to keep interest rates steady for the 85th month in a row. Film and television distributor Entertainment One was on the up, after it was revealed that broadcaster ITV held takeover talk
Read moreHays reports good growth despite UK pressures
14th Apr 2016 08:07
(ShareCast News) - FTSE 250 recruitment firm Hays described its third quarter growth as "good" on Thursday, with like-for-like fees climbing 4% in the three months to 31 March despite a 2% negative impact due to the early Easter. By region, Asia Pacific grew 3% on a like-for-like basis, while the UK
Read moreFTSE 250 movers: IPF plunges after profit dips
24th Feb 2016 15:36
(ShareCast News) - The FTSE 250 had undone the week's gains on Wednesday, dropping 140.42 points (0.87%) to 16,088.78 by mid-afternoon. Shares in International Personal Finance plunged after the company's full year revenue and profit before tax dipped. The credit business reported revenue dropped f
Read moreHays net fees, profit edge up on strong performance in Europe
24th Feb 2016 07:47
(ShareCast News) - FTSE 250 recruiter Hays posted a rise in net fees and pre-tax profit for the six months to the end of December, helped along by a strong performance in Europe. Pre-tax profit edged up 7% to £82.4m while net fees were up 8% from a year earlier to £396.9m. Operating profit came in
Read moreMonday broker round-up
15th Feb 2016 18:27
(ShareCast News) - Hargreaves Lansdown: Shore Capital upgrades to buy. Antofagasta: Peel Hunt Limited downgrades to hold with a target price of 425p. Atkins: Citigroup upgrades to neutral with a target of 1160p, from 1120p. Hays: HSBC upgrades to buy with a 155p target. IAG: Bank of America upgra
Read moreBroker tips: Reckitt Benckiser, IAG, Hays
15th Feb 2016 11:32
(ShareCast News) - Reckitt Benckiser's full-year results were "exceptionally strong", broker Canaccord Genuity said following the company's latest results, but the shares already "full-valuation" meant that it left its 'hold' recommendation on ice. The consumer goods giant's full-year results easily
Read moreHays gets a boost from HSBC upgrade
15th Feb 2016 08:45
(ShareCast News) - Hays got a boost on Monday after HSBC upgraded the stock to 'buy' from 'hold' and lifted the price target to 155p from 140p as it took a look at the UK staffing sector. The bank noted Hays trades at a CY16 price-to-earnings ratio of around 13x and EV/EBITDA multiple of around 8x o
Read moreRBC upgrades Hays to 'outperform', notes sufficient upside
25th Jan 2016 09:27
(ShareCast News) - RBC Capital Markets upgraded Hays to 'outperform' from 'sector perform' but trimmed the target price to 140p from 150p. It said the stock has come a long way despite only seeing a minor slowdown in second quarter growth with a weaker UK being offset by Europe. "Despite factoring
Read moreThursday newspaper share tips: Disconnecting from TalkTalk
14th Jan 2016 11:13
(ShareCast News) - The TalkTalk hacking combined with a price war against its rivals has led The Telegraph's Questor to rat the shares at 'sell'. The column noted in the last six months, shares have halved and believes the worst is yet to come as the company looks weak. It said the telco grew when
Read moreHays posts 7% jump in second quarter net fees
13th Jan 2016 08:50
(ShareCast News) - Recruitment group Hays reported a rise in second quarter net fees thanks to solid demand in Continental Europe. The company, whose shares slumped on Tuesday following a downbeat update from peer Michael Page, said underlying net fees rose 7% in the quarter to the end of December.
Read moreHays non-exec director steps down
11th Nov 2015 16:29
(ShareCast News) - Richard Smelt has stepped down from his role as Hays' non-executive director, the recruitment company said on Wednesday. In a short statement, the FTSE 250 group said Smelt vacated his position at the conclusion of the company's annual general meeting on 11 November. "The board w
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