Pearson given low grade by Morgan Stanley on education angst
14th Jul 2015 12:02
(ShareCast News) - A note on the media and internet sector from Morgan Stanley weighed on Pearson shares on Tuesday, as the educational publisher was downgraded among a largely positive stance on its peers. After the sector outperformed in the first half of the year, Morgan Stanley's analysts moved
Read moreInforma reiterates full year guidance after solid first quarter
21st Apr 2015 08:11
Publishing and events group Informa PLC reiterated its full year guidance after a positive trading performance in the first quarter of 2015. The company said that excluding one-off non-annual events and the scheduled movement of events between quarters, revenue fell 0.5% but underlying growth in the
Read moreInforma chief tops up stake after Investec lowers target price
28th Nov 2014 17:17
Steven Carter, the group chief executive of Informa, has significantly increased his holding in the company with the addition of 31,324 shares to his stake in the group. Carter, who now holds 36,324 shares, spent 475.30p apiece on the shares for a total payout of £148,883. The move came after Inve
Read moreThursday broker round-up
27th Nov 2014 10:15
Amlin: Numis upgrades to 'buy' with a target price of 535p. Amerisur Resources: PeelHunt lowers target price from 58p to 50p and reiterates a 'hold' recommendation. Associated British Foods: Citi raises target price from 3100p to 3700p and maintains its 'buy' recommendation. Avingtrans: FinnCap up
Read moreInforma raises less than expected to acquire US events business
18th Nov 2014 15:12
Business publisher Informa has drummed up a less-than-hoped £207m from institutional investors as it added to its exhibitions businesses with the cash acquisition of Hanley Wood for £237m. The publishing, training and events group said earlier on Tuesday that it intended to raise £275m to pay down d
Read moreFriday broker round-up UPDATE
7th Nov 2014 09:44
AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra
Read moreFTSE 250 movers: Retail stocks lead rise as footfall decline slows
21st Oct 2014 14:38
Retail stocks were putting in a strong performance on Tuesday after data from BRC-Springboard showed the decline in UK retail footfall eased to 0.9% in September from a 1.1% drop in August. Stocks such as Debenhams, Home Retail, Just Eat, WH Smith and Halfords were all in positive territory. "With a
Read moreInforma events strength offsets business intelligence weakening
21st Oct 2014 09:24
A solid third-quarter from business media group Informa has kept it on track to hit full year results, with its events business strength counterbalancing weaker business intelligence performance. Business intelligence was weaker than forecast, with organic revenue declining 7.1% over the last nine m
Read moreTuesday broker round-up UPDATE
21st Oct 2014 08:50
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating. Anglo American: JP Morgan raises target price from 1240p to 1310p, while leaving its underweight rating unchanged. Investec increases target price from 1573p to 1603p and stays with its buy reco
Read moreInforma to bid farewell to euroforum MD at end of year
14th Oct 2014 08:39
Alfred Moellenbeck, the managing director of Informa's euroforum business will retire at the end of this year after 25 years with the group. The publishing and events group also announced that under its new operating structure, Andrew Mullins has been appointed chief executive of its knowledge & net
Read moreInforma's longstanding IFI chief to retire at end of 2014
30th Sep 2014 11:27
Kenneth Bohlin, the chief executive officer of Informa's financial information (IFI) arm, has decided to retire at the end of the year. The FTSE 250-listed group said that when Bohlin leaves, his reponsibilities will be transferred to Patrick Martell, who was recently appointed chief executive of In
Read moreFriday broker round-up UPDATE
29th Aug 2014 10:58
Arrow Global: Numis shifts target price from 285p to 287p and leaves its add rating unchanged. Berendsen: Oriel raises target price from 1130p to 1243p keeping a buy recommendation. British Polythene Industries: Investec ups target price from 720p to 750p reiterating a buy recommendation. bwin.pa
Read moreThursday broker round-up UPDATE
7th Aug 2014 09:42
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin
Read moreFriday broker round-up UPDATE
1st Aug 2014 10:33
AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f
Read moreTate & Lyle chairman tops up stake with another 10,000 shares
31st Jul 2014 16:38
The chairman of FTSE 250-listed Tate & Lyle, Peter Gershon, added £63,800-worth of shares in the sugar and sweeteners group. Gershon, who is also the chairman of National Grid, paid 638p for each of the 10,000 shares, taking his holding to 92,080 shares. The purchase comes about a week after the
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