Broker tips: UK engineers, EnQuest, IG Group
16th Aug 2016 12:31
(ShareCast News) - Rotork, Spectris and Halma were under the cosh on Tuesday after HSBC downgraded its ratings on both stocks as it took a look at UK engineers. The bank cut Rotork to 'reduce' from 'hold' and trimmed the target price to 180p from 200p, pointing to poor visibility and margin pressure
Read moreLiberum upgrades IG Group to 'buy'
16th Aug 2016 09:05
(ShareCast News) - Liberum upgraded IG Group to 'buy' from 'hold' and lifted the price target to 986p from 770p. The brokerage said IG's full-year 2016 results surprised on the upside, not with the modest earnings per share beat but with the "incredibly strong" growth in new accounts opened. As a re
Read moreWednesday broker round-up
20th Jul 2016 09:29
(ShareCast News) - Centrica: Berenberg reiterates buy with a target price of 230p. Rio Tinto: Deutsche Bank maintains buy with a 3160p target. IG Group: RBC reiterates sector perform with a 865p target. SSP: JP Morgan stays at overweight with a 358p target. Vodafone: Deutsche Bank reiterates buy
Read moreIG Group earnings beat forecasts after four-year hiatus
19th Jul 2016 07:49
(ShareCast News) - IG Group posted full year results on Tuesday that beat market expectations, with earnings breaking higher after a four-year stagnation. The spread-betting, contracts for difference and forex trading provider increased trading revenue 14% to £456.3m in the year ended 31 May, ahead
Read moreTullett Prebon's Mainwaring the new IG finance chief
8th Jul 2016 07:08
(ShareCast News) - Online trading company IG announced on Friday that it has appointed Paul Mainwaring as chief financial officer designate. The FTSE 250 firm said Mainwaring will start on Monday, replacing Mark Ward who will leave the company after a short handover, as previously announced. IG con
Read moreIG Group says it managed Brexit exposure "very effectively"; trading in line
24th Jun 2016 15:38
(ShareCast News) - Financial spreadbetting firm IG Group said it managed its operations and exposure "very effectively" through Thursday night and into Friday as the UK voted in the EU referendum. "IG's emphasis has been on assisting clients through this period of uncertainty, through measures both
Read moreBroker tips: HSBC, PZ Cussons, IG Group
3rd Jun 2016 10:57
(ShareCast News) - Investec downgraded HSBC to 'hold' from 'buy', pointing to just under 1% residual upside to its unchanged 450p price target. "Our continuing belief that HSBC can, should and will maintain an (uncovered) 51c dividend, an implied 2016e dividend yield of 7.9% is, by itself, insuffici
Read moreRBC lifts IG Group target price after trading update
3rd Jun 2016 09:19
(ShareCast News) - IG Group had its target price lifted to 815p from 800p and its 'sector perform' rating reiterated by RBC Capital Markets on Friday after the spread-betting operator reported its fourth quarter trading update. The company on Tuesday said it had performed "well" in the last three mo
Read moreIG Group sees full-year earnings slightly ahead of views
31st May 2016 07:25
(ShareCast News) - Spreadbetting firm IG Group reported solid trading in the fourth quarter and said earnings for the year are set to be slightly ahead of expectations. In a very brief trading update, the company said it performed well during what was a relatively quiet period in financial markets,
Read moreIG Group third quarter revenue up 18%
22nd Mar 2016 07:51
(ShareCast News) - Online spreadbetting and financial trading firm IG Group Holdings posted an 18% rise in third-quarter revenue and said it was entering the fourth quarter in a strong position. In a trading update for the three months to 29 February, IG said total revenue rose to a record £122m fro
Read moreLondon pre-open: Stocks set to bounce back after raft of Chinese data
19th Jan 2016 07:30
(ShareCast News) - Stocks are set to jump at the start of trading despite the release of a spate of weaker than expected economic data out of the world's second largest economy, China, with economists sounding a relatively optimistic note on the figures. Acting as a backdrop, speaking on Tuesday eve
Read moreIG Group first half profit drops on rising operating costs
19th Jan 2016 07:24
(ShareCast News) - Spreadbetting firm IG Group posted a drop in first half profit despite a jump in revenue, as operating costs rose. For the six months ended 30 November, net trading revenue was up 8.8% at £214.8m and new client numbers were 35% ahead of the previous year. However, pre-tax profit
Read moreIG Group appoints Mark Ward as interim CFO
15th Jan 2016 09:16
(ShareCast News) - Broker IG Group has appointed Mark Ward as interim chief financial officer. Ward is a senior partner at accounting firm Deloitte and for the last three years has led the company's investment management and wealth sector. He is being seconded by Deloitte to IG from 25 January, whi
Read morePeter Hetherington appointed IG Group permanent chief executive
4th Dec 2015 07:39
(ShareCast News) - IG Group has announced that Peter Hetherington has been appointed as the company's permanent chief executive. Hetherington assumed the role of interim CEO in October after the retirement of Tim Howkins. He was previously chief operating officer of the FTSE 250 company and has bee
Read moreIG Group second quarter revenue to be slightly ahead of first
30th Nov 2015 07:41
(ShareCast News) - Spreadbetting and financial firm IG Group said revenue in the second quarter of the financial year would be slightly ahead of the first, although it is too early to predict how the full year will turn out. In a brief trading update for the second quarter, IG said it has performed
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