Friday broker round-up
21st Sep 2018 12:12
(Sharecast News) - Paragon Banking Group: RBC Capital Markets downgrades to sector performer with a target price of 500p.
Read moreIG Group struggles to keep up pace in first quarter
20th Sep 2018 08:03
(Sharecast News) - IG Group found it hard to match up to the speedy start seen last summer, with the online trading provider's revenues down 5% in the first quarter of its current financial year.
Read moreIG Group reports record profit but prepares for regulatory squeeze
24th Jul 2018 09:57
(Sharecast News) - IG Group reported record annual profit but the online trading platform said it would freeze its dividend to absorb the effect of regulatory changes.
Read moreIG ups marketing and adds low-risk products amid regulatory crackdown
24th Jan 2017 08:01
(ShareCast News) - IG Group posted a strong set of interim results, though profits were limited by significantly increased marketing spending and developed new lower-risk products to assimilate to the tighter regulatory environment. The effect of the marketing spend was evident in a 22% year-on-year
Read moreWednesday broker round-up
18th Jan 2017 09:48
(ShareCast News) - Hochschild Mining: RBC Capital Markets reiterates Outperform with a target price of 290p. Pearson: Liberum reiterates Sell with a target price of 470p. IG Group: Barclays reiterates Overweight with a target price of 612p. British American Tobacco: Citi reiterates Buy with a targ
Read moreIG confident French trading laws have no 'material negative impact'
9th Jan 2017 07:45
(ShareCast News) - Spread betting provider IG Group does not believe restrictions enforced by the French stock market regulator will have a "material negative impact" in its business in the country. The company said restrictions adopted by the Autorité des marchés financiers (AMF) following the pass
Read moreFXPro shelves IPO plans
4th Jan 2017 14:09
(ShareCast News) - FXPro shelved its plans to float on the London Stock Exchange until the regulatory uncertainty affecting the sector had lifted. The decision to remain in private hands followed the Financial Conduct Authority's new plans to limit the amount of risk that retail investors were allow
Read moreFTSE 250 movers: JD Sports slips on Channel 4's Rochdale allegations
14th Dec 2016 16:35
(ShareCast News) - The FTSE 250 index was modestly lower on Wednesday afternoon, led lower by a group of retail and leisure stocks. Rising retail star JD Sports was the biggest faller on Wednesday after a Channel 4 undercover investigation claimed to have found conditions in its Rochdale warehouse w
Read moreSunday newspaper round-up: Brexit challenge, US rate hike, Sky revolt, RBS
11th Dec 2016 17:28
(ShareCast News) - Another legal spanner has been thrown into the works of the government's Brexit plans, with a High Court challenge to attempt to prevent the UK from pulling out of the European single market. The Sunday Times reported that claimants, including Peter Wilding of the British Influenc
Read moreSpreadbetters welcome BaFin proposals, say no changes will be needed
9th Dec 2016 07:40
(ShareCast News) - It was another down day for UK spreadbetters on Thursday as BaFin revealed plans to clampdown on contracts-for-difference trading, hot on the heels of the Financial Conduct Authority's announcement just two days before. On Friday, UK spreadbetters reacted to the announcement, sayi
Read moreIG mulling over response to German regulator's concerns
8th Dec 2016 16:55
(ShareCast News) - Online trading and spreadbetting provider IG Group issued a statement on Thursday afternoon. noting an intended measure announced earlier in the day by BaFin, the federal financial regulator in Germany. The BaFin announcement was over the the marketing, distribution and sale of CF
Read moreNumis upgrades IG Group to 'buy' but cuts target price
8th Dec 2016 09:35
(ShareCast News) - Numis has upgraded IG Group to 'buy' from 'hold' but cut its target price to 590p from 850p, saying it believes the spreadbetting firm is well placed to manage proposed new regulations. IG's shares took a tumble on Tuesday after the Financial Conduct Authority recommended tighter
Read moreBroker tips: Shire, GKN, IG Group
7th Dec 2016 15:08
(ShareCast News) - UBS downgraded Shire to 'neutral' from 'buy' and cut the price target to 5,000p from 5,600p saying a tougher environment for expensive orphan drugs was likely to constrain performance. This, and other issues such as low return on invested capital and the 2023 Vyvanse patent expiry
Read moreWednesday broker round-up
7th Dec 2016 13:36
(ShareCast News) - BHP Billition: HSBC reiterates hold with a target price of 1200p. Bunzl: Goldman Sachs reiterates neutral, 2200p target. Bellway: JP Morgan reiterates overweight with a 2950p target. Aviva: RBC reiterates outperform with a 500p target. IG: Barclays stays at overweight with a 95
Read moreCitigroup downgrades IG Group on FCA proposals
7th Dec 2016 11:59
(ShareCast News) - Citigroup downgraded IG Group to 'neutral' from 'buy' and chopped the price target to 470p from 950p after the Financial Conduct Authority announced plans on Tuesday to tighten the rules around contract for difference products. "We see the move by the FCA as having put the introdu
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