London open: Focus shifting from Greece to central banks
17th Jul 2015 10:07
(ShareCast News) - Bank Rate might be headed higher sooner than markets expect, Bank of England Governor Mark Carney told an audience last night at Lincoln Cathedral. The central bank chief said: "In my view, the decision as to when to start such a process of adjustment will likely come into sharper
Read moreHomeServe trading in line; confident on full-year growth
17th Jul 2015 09:01
(ShareCast News) - HomeServe is trading in line with its expectations and expects to deliver good growth in 2016. In a trading update for 1 April to 17 July, the home emergency business said that in line with the strategy it previously outlined, it continues to invest for customer growth across its
Read moreMonday broker round-up
1st Jun 2015 09:48
Lamprell: Citi reiterates neutral recommendation and raises target to 155p. British Land: JP Morgan ups target to 970p from 950p and stays at overweight. Derwent London: JP Morgan raises target to 3,900p from 3,800p but keeps at overweight. Great Portland Estates: JP Morgan lifts target to 920p fr
Read moreWednesday tips round-up: Icap, Homeserve
20th May 2015 15:57
Low levels of liquidity in markets, reflected in reduced trading volumes, impacted on Icap´s latest full-year figures. Global broking profits dropped by almost 30%, with the world´s largest lenders having curtailed fixed-income trading as a result of new legislation. The interdealer broker said pre-
Read moreFTSE 250 movers: Bank of Georgia higher on strong quarter
20th May 2015 12:58
London stocks were trading slightly lower on Wednesday as strong performances from mining and telecommunications stocks were outweighed by weakness in the utility and real estate sectors. As of 3:00, the FTSE 250 was trading 66 points lower at 16,121. Allied Minds topped the fallers on reports that
Read moreHomeServe to pay special dividend as revenue and profit rise
19th May 2015 08:13
Repair and insurance company HomeServe said on Tuesday that it will pay its shareholders a special dividend of 30p per share in July, as it posted an adjusted pretax profit of £85.4m from £84.1m last year. Revenue rose to £584.2m in the year ending 31st March 2015 from £568.3m last year. The total
Read moreHomeserve reaches 2m customers in the US
15th Apr 2015 09:11
Homerserve said its US division has reached 2m customers and 3m service plans. The home emergency business said last month that the good performance from its UK and European businesses has enabled them to drive marketing investment in the US. The group added that it is trading in line with expectat
Read moreFTSE 250 movers: Homeserve higher on strong winter trading, oil stocks and miners lower
27th Mar 2015 13:13
Homeserve was trading higher after a reassuring trading statement that revealed trading in its busy winter period had been "good" and in line with its full-year targets. Management was also pleased with levels of customer growth across the international businesses, having reported good customer numb
Read moreHomeserve happy with trading ticking over nicely
27th Mar 2015 07:56
Plumbing emergency and domestic repair provider Homeserve has reassured in a terse trading statement that trading in its busy winter period has been "good" and in line with its full-year targets. As the FTSE 250 company prepares to go into reporting hibernation before its full-year results are relea
Read moreHomeserve says business is in line with expectations
11th Feb 2015 10:38
Homeserve, a home emergency repairs business, said its business in trading in line with expectations with strong performance both in the UK and internationally. The group said it increased its marketing activity in the UK and it expects to achieve the target of 0.3m gross new customers in 2015. The
Read moreHomeserve H1 net debt increases due to capital investment
18th Nov 2014 10:32
Homeserve, a home emergency repairs business, saw its net debt rise significantly during the first half of the year despite an increase in adjusted earnings and revenues. Net debt rose from £40.7m to £75.8m during the first half, due an increase in working capital, ongoing capital investment and pay
Read moreWednesday broker round-up UPDATE
5th Nov 2014 10:02
Associated British Foods: Exane raises target price from 3600p to 3700p, keeping its outperform rating. Citi reduces target price from 3200p to 3100p, while upgrading to buy. AVEVA: Liberum Capital reduces target price from 1500p to 1400p and keeps a hold recommendation. Investec reduces target pric
Read moreHomeserve signs US deal with AARP over-50s organisation
4th Nov 2014 08:42
The US subsidiary of home emergency business Homeserve has signed an agreement with AARP, a charity organisation that focused on the over-fifties, similar to Saga in the UK. The move is expected to be accretive to its US business by the 2017 fiscal year (FY). Homeserve USA will offer home emergency
Read moreLondon pre-open: Stocks to fall after Malaysian Airlines crash
18th Jul 2014 07:54
Stocks across Europe are expected to be fall on Friday morning as investors scale back their appetite for risk amid increased geopolitical tensions in eastern Europe following the downing of a commercial aircraft. City sources predict the FTSE 100 in London will open around 13 points lower than Th
Read moreHomeserve on track to hit targets after solid UK trading
18th Jul 2014 07:20
Home repairs and insurance group Homeserve reported good UK trading and said it was on track to match hopes, although trading would be weighted towards the second half of the financial year. Homeserve said the UK business had made solid progress in the first three months of this financial year, wit
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