Wednesday tips round-up: Severn Trent, William Hill, Enterprise Inns
21st Jul 2010 06:43
The betting is the water industry as a whole will have little trouble outpacing the regulatory settlement, while Severn Trent will actually do better than most if inflation climbs. The sector remains a strong defensive play, and Severn shares are themselves yielding about 5.2% on this year's lower p
Read moreBroker tips: William Hill, Autonomy, IG
20th Jul 2010 11:37
The online division of bookmaker William Hill is starting to deliver on its potential in the view of KBC Peel Hunt which thinks that the shares look cheap from an historical perspective. "Given the results produced by some of the pure online players, WHO's [William Hill Online] 24% growth in revenu
Read moreBroker snap: IG ripe for profit-taking
20th Jul 2010 11:06
Following a good run for the share price Singer Capital Markets is contemplating revising its buy recommendation for IG Group despite the spread betting firm delivering full year results in line with expectations. The broker has bumped up its price target from 440p to 485p, and said it still likes
Read moreUPDATE: IG Group Sees More Growth After Strong 2010
20th Jul 2010 08:39
(Adds executive and analyst comment.) By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--IG Group PLC (IGG.LN) Tuesday said its new fiscal year has started well, as May's market volatility continued into June and July. Reporting on its performance in the year ended May 31,
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
20th Jul 2010 07:52
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0652 GMT [Dow Jones] IG Group (IGG.LN) reports strong fiscal 2010 growth, says UBS, though most of the figures were announced
Read moreMARKET TALK: IG Group Turns In Strong Growth - UBS
20th Jul 2010 07:52
0652 GMT [Dow Jones] IG Group (IGG.LN) reports strong fiscal 2010 growth, says UBS, though most of the figures were announced in June so it was already well-flagged. A final dividend of 13.5p beat the bank's expectations, though, and it expects the strong growth to continue in the medium term, parti
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
20th Jul 2010 07:36
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0636 GMT [Dow Jones] IG Group's (IGG.LN) preliminary results for the year ended May 31 '10 are in line with the interim manag
Read moreMARKET TALK: IG Group Results In Line; Client Activity Strong
20th Jul 2010 07:36
0636 GMT [Dow Jones] IG Group's (IGG.LN) preliminary results for the year ended May 31 '10 are in line with the interim management statement back in June, says a trader. Says this suggests that client activity is still strong. Says the company seems to have addressed its bad debt issues, which affec
Read moreIG Group Sees More Growth After 2010 Pretax Profit Rises 25%
20th Jul 2010 07:32
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--IG Group PLC (IGG.LN) Tuesday said its new fiscal year has started well, as May's market volatility continued into early June. Reporting on its performance in the year ended May 31, IG Group said it made a GBP157.6 million pret
Read moreIG profits jump by a quarter
20th Jul 2010 07:23
Profits jumped by a quarter last year at spread bet firm IG Group as its bad debt charge tumbled and equity markets settled down after the volatility of 2009. "Market conditions were more mixed during the year. The start of the year saw rising equity markets which gradually settled to a period of r
Read moreEARNINGS PREVIEW: IG Group 2010 Pretax Profit Seen +23%
19th Jul 2010 09:27
IG Group (IGG.LN): Full-Year Earnings (Year ending May 31) Due: July 20 at 0600 GMT Company Survey of 11 Analysts Average Pretax Profit: GBP155.1M, +23% (GBP125.9M in FY 2009) Average Revenue: GBP298.5M, up 16% (GBP257.1M in FY 2009) Note: after a detailed update on the year's performance in Ju
Read moreMARKET TALK: Citigroup Initiates Coverage Of IG Group At Hold
29th Jun 2010 07:17
0617 GMT [Dow Jones] Citigroup initiates coverage of IG Group (IGG.LN) at hold with a 485p price target. Says it is a market-leading business with a strong growth track record. However, says that after a strong 4Q '10 update, its shares are up 17% month-on-month, trading on 13.8x FY '10E and 13x FY
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
10th Jun 2010 10:49
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0949 GMT [Dow Jones] Panmure Gordon lifts IG Group (IGG.LN) price target to 500p from 475p following the pre-close trading up
Read moreMARKET TALK: Panmure Lifts IG Group Price Target
10th Jun 2010 10:49
0949 GMT [Dow Jones] Panmure Gordon lifts IG Group (IGG.LN) price target to 500p from 475p following the pre-close trading update. Says revenues in Japan finally look like they are moving upwards. Says this is important for sentiment given the underperformance of this area of this business since acq
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
10th Jun 2010 10:49
0719 GMT [Dow Jones] UBS Wealth Management says any move by gold below $1,200/oz represents a buy opportunity with the yellow metal likely to trade around $1,500/oz in 12 months time. "Of course, any sharp intensification of the sovereign debt crisis in Europe could propel the gold price even higher
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