Broker tips: Diageo, Icap, ABF
16th Oct 2015 15:27
(ShareCast News) - HSBC initiated coverage of Diageo at 'hold' with a 1,830p price target, which implies 1% downside to the current share price. The bank said the stock is currently trading at 19.5x its calendar 2016e EPS of 93.97p, in line with the peer group PE average, and it would wait for a mor
Read moreFTSE 250 movers: ICAP slumps on downgrade; Provident Financial rallies on results
16th Oct 2015 14:30
(ShareCast News) - London's FTSE 250 index was down 0.1% to 16,927.90 at 1445 BST, underperforming the broader market, which rose amid hopes of further central bank stimulus. Interdealer broker ICAP slumped after Barclays downgraded the stock to 'equalweight' from 'overweight' and cut the price targ
Read moreFriday broker round-up
16th Oct 2015 11:48
(ShareCast News) - Icap: Barclays downgrades to equal-weight, cuts target price to 500.00p. Diageo: HSBC starts new coverage with a hold, sets target price at 1830.00p. Centrica: RBC Capital Markets reiterates to outperform, bumps down target price to 280.00p. Gkn: Berenberg Bank reiterates to buy,
Read moreICAP slumps on Barclays downgrade
16th Oct 2015 10:13
(ShareCast News) - Shares in interdealer broker ICAP were under pressure on Friday after Barclays downgraded the stock to 'equalweight' from 'overweight' and cut the price target to 500p from 600p pointing to a lack of earnings momentum. The bank noted that ICAP shares were a strong outperformer fro
Read moreFTSE 250 movers: Gold miners lifted as mid-caps trip on China's currency fiddling
12th Aug 2015 16:12
(ShareCast News) - The FTSE 250 tumbled in early trading and by the close of the session was down 1.3% at 17,438.09 points. There were a few stocks in positive territory, however, with a three-week haven-inspired high in gold prices helping gold-miners Centamin and Acacia Mining top the second-line
Read moreBroker tips: Dairy Crest, Unilever, ICAP
12th Aug 2015 11:06
(ShareCast News) - Credit Suisse lowered its rating for Dairy Crest to 'neutral' from 'outperform' following a strong run in the company's share price. Analyst Charlie Mills said in a note Credit Suisse had raised its price target to 620p from 580p, after a 17% increase in the share price, triggered
Read moreICAP slumps on Morgan Stanley downgrade
12th Aug 2015 09:20
(ShareCast News) - ICAP shares slumped after Morgan Stanley downgraded the stock to 'underweight' from 'equalweight', although it raised the price target to 460p from 382p. MS said its analysis suggested challenges for inter-dealer brokers to sustain mid-teens earnings per share growth and revealed
Read moreFriday broker round-up
17th Jul 2015 16:13
(ShareCast News) - Anglo American: SocGen reiterates hold but trims target to 950p from 1090p. ARM Holdings: Investec reiterates buy and 1,140p target. Barclays: Investec downgrades to sell with 265p target. Capita: Morgan Stanley ups target to 990p from 950p and reiterates underweight. RBS: Inve
Read moreICAP expects to benefit from improving economy as quarterly revenue increases
15th Jul 2015 09:09
(ShareCast News) - Interdealer broker ICAP expects to benefit from improving macroeconomic conditions, after reporting an increase in revenue in the first quarter of the year. The FTSE 250 group said revenue excluding discounted businesses, rose 2% year-on-year in the quarter to 30 June, although it
Read moreBroker tips: HSBC, Intertek, ICAP, Non-life insurers
28th May 2015 11:36
UBS has maintained a 'neutral' stance on HSBC ahead of the bank's strategy update on 9 June, saying that management is unlikely to deliver what is needed. HSBC's Asian franchise is the bank's "jewel in the crown", UBS said, but it faces substantial challenges over the next few decades as Hong Kong i
Read moreNumis cuts ICAP to 'sell'; says shares don't reflect challenging market conditions
28th May 2015 09:58
Numis downgraded ICAP to 'sell' from 'hold', saying the shares have run too far. It pointed out that the shares are up 36% over the last six months versus the FTSE all Share up 6% and said they are now overvalued relative to both peers and their historical average. Numis said ICAP warrants a premiu
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 moreICAP full year profit drops 21%; expects headwinds to continue
19th May 2015 07:50
UK interdealer broker ICAP reported a 21% drop in pretax profit on Tuesday to £95m, saying it continues to expect near-term headwinds as the pick-up in market activity remains episodic. Revenue came in 7% below last year at £1.28bn, and the company declared a final dividend of 15.4p a share, resulti
Read moreICAP boss Michael Spencer to move to New York if Labour wins election
16th Apr 2015 11:10
Brokerage firm Icap's boss Michael Spencer threatened to move the company from the UK to the US if Labour wins the General Election. Spencer, who is also former treasurer of the Conservative party, said the pound would "get a thumping" under a Labour government. "The City would undoubtedly prefer C
Read moreHiscox's long-running CFO to joint ICAP
13th Apr 2015 07:58
Hiscox's chief financial officer (CFO) of 16 years is to leave the specialist insurance group to join interdealer broker ICAP. Stuart Bridges, who joined Hiscox in 1999, will remain in office until the end of August and the search for a successor is already underway. Chairman Robert Childs said Bri
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