ICAP 'resilient' in face of tough Brexit outlook
13th Jul 2016 07:28
(ShareCast News) - Markets operator and provider of post-trade mitigation and information services ICAP posted a trading statement for the three months to 30 June on Wednesday morning, ahead of its annual general meeting later in the day. Group revenue from continuing operations for the quarter incr
Read moreIcap and Tullett Prebon propose remedies to regulator's concerns
22nd Jun 2016 08:00
(ShareCast News) - ICAP has proposed selling its London-based oil broking business and issuing its shares in the enlarged Tullett Prebon to remedy concerns raised by the UK competition regulator. Both companies announced the proposals late on Tuesday after the Competition and Markets Authority (CMA)
Read moreFTSE 250 movers: Dead cat bounce in Circassia
21st Jun 2016 16:59
(ShareCast News) - High-tech components manufacturer Senior led the fallers on the mid-cap index after it issued a pre-close trading update on Tuesday, in which it reiterated that margins in the aerospace division will be lower in the first half of 2016. The FTSE 250 firm said activity in aerospace
Read moreBroker tips: Premier Oil, ICap, Go-Ahead
21st Jun 2016 16:30
(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process the
Read moreBank of America ML upgrades ICAP to 'buy' on valuation
21st Jun 2016 08:05
(ShareCast News) - Bank of America Merrill Lynch upgraded ICAP to 'buy' from 'neutral' with an unchanged price target of 500p, saying the stock's recent underperformance has added valuation appeal to a compelling strategy. It noted ICAP shares have dropped 19% this year, which is around 18% more tha
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 moreWednesday newspaper share tips: Shell, Tullett Prebon, ICAP
8th Jun 2016 14:58
(ShareCast News) - Easing concerns over Royal Dutch Shell (B) dividend payments by finding more savings from the £40bn takeover of BG Group helped The Telegraph's Questor column reach a "Hold" view on the oil major. It also noted cuts to capital spending. Shell has been the go-to stock for years be
Read moreFTSE 250 movers: Sports Direct surges as Tullett Prebon slips
7th Jun 2016 14:49
(ShareCast News) - The FTSE mid-cap eked out minor gains in an overall quiet session except for Sports Direct boss Mike Ashley's candid turn before the Commons Business, Innovation and Skills Select Committee. Ashley alleged Sports Direct, whose shares rose more than 5% as the market reacted positiv
Read moreUK CMA refers ICAP/Tullett broking merger
7th Jun 2016 07:38
(ShareCast News) - Britain's competition regulator said it was referring Tullett Prebon's planned purchase of ICAP's global hybrid voice broking and information business for a phase 2 investigation. The Competition and Markets Authority (CMA) said it was referring as a result of potential concerns i
Read moreNumis reiterates 'buy' on ICAP
3rd Jun 2016 10:03
(ShareCast News) - Numis reiterated a 'buy' rating and target price of 500p on ICAP after the company announced that China Foreign Exchange Trade System has chosen it to deliver the underlying technology for fixed income and foreign exchange electronic execution services in mainland China The FTSE 2
Read moreICAP signs $65m deal with China interbank market platform
3rd Jun 2016 07:35
(ShareCast News) - Markets operator and provider of post-trade risk mitigation and information services ICAP announced on Friday that China Foreign Exchange Trade System has chosen it to deliver the underlying technology for fixed income and foreign exchange electronic execution services in mainland
Read moreMonday broker round-up
23rd May 2016 18:04
(ShareCast News) - Royal Mail: RBC upgrades to sector perform with a 525p target. Weir: HSBC upgrades to buy with a 1450p target. Sports Direct: Goldman Sachs downgrades to neutral with a target price of 400p. Easyjet: Macquarie reiterates outperform with a target of 2100p. ICAP: Credit Suisse re
Read moreTullett Prebon reveals declining profits at ICAP acquisition assets
16th May 2016 07:58
(ShareCast News) - Tullett Prebon has revealed that the voice broking and other businesses it hopes to soon acquire from Icap produced 8% lower revenue and profits down 16% in the year to 31 March. Tullett has agreed purchased Icap's global hybrid voice broking and information business (IGBB), wh
Read moreRevenue, earnings down as ICAP reveals new name
16th May 2016 07:41
(ShareCast News) - Group revenue took a 6% hit at ICAP in the year to 31 March, it reported on Monday, to £1.2bn as the dealer broker described markets at challenging. Excluding closed desks and on a constant currency basis, revenue was down 3%. The FTSE 250 company reported a trading operating pro
Read moreTuesday broker round-up
10th May 2016 15:38
(ShareCast News) - Foxtons: Citigroup upgrades to neutral with a 140p target. RBS: HBSC retains hold with a 240p target. Croda: JP Morgan keeps at overweight with a 3314p target. Aberdeen Asset Management: Goldman Sachs reiterates neutral with a target of 294p. Bovis Homes: Canaccord reiterates b
Read more