Inmarsat cuts full year revenue guidance on back of maritime, energy slowdown
5th May 2016 07:27
(ShareCast News) - Satellite company Inmarsat has cut its full year revenue guidance by $50m to a range of $1.175bn - $1.250bn as the recession in global maritime and energy markets continued. First quarter earnings before interest, tax, depreciation and amortisation fell 6%) to $166.2m. Revenue fo
Read moreInmarsat receives LightSquared 30MHz confirmation
1st Apr 2016 08:14
(ShareCast News) - Satellite communications group Inmarsat has received notification from US-based Ligado Networks, previously known as LightSquared, that it has decided to take the 30 MHz option under the pair's cooperation agreement. Inmarsat said it remained in discussions with Ligado around the
Read moreWednesday broker round-up
30th Mar 2016 14:53
(ShareCast News) - Inmarsat: Berenberg upgrades to hold with a target price of 890p. Next: Investec downgrades to sell, 5250p target, Jefferies reiterates hold with a target price of 5100p, JP Morgan stays at neutral with a target of 6370p and HSBC keeps at hold, 6260p target. Glaxosmithkline: Citi
Read moreBroker tips: Inmarsat, William Hill, Virgin Money
30th Mar 2016 13:03
(ShareCast News) - Berenberg upgraded Inmarsat to 'hold' from 'sell' after shares in the satellite communications company fell 20% since the start of 2016, but concerns remain. The German bank said it continues to believe the market underestimates the threat of competition and the negative impact on
Read moreBerenberg upgrades Inmarsat on value and LightSquared option
30th Mar 2016 11:02
(ShareCast News) - Berenberg upgraded Inmarsat to 'hold' from 'sell' after shares in the satellite communications company fell 20% since the start of 2016, but concerns remain. The German bank said it continues to believe the market underestimates the threat of competition and the negative impact on
Read moreTuesday broker round-up
15th Mar 2016 16:46
(ShareCast News) - Virgin Money: Goldman Sachs reiterates neutral with a target price of 450p and Berenberg stays at hold with a 400p target. Gem Diamonds: Panmure Gordon keeps at buy, 181p target and Finncap reiterates buy with a target of 270p. G4S: Credit Suisse reiterates neutral with a target
Read moreLondon close: FTSE closes lower as traders sift through data
3rd Mar 2016 16:07
(ShareCast News) - The FTSE 100 closed in the red on Thursday following a batch of downbeat economic data. UK services activity declined much more than expected in February as economic growth slowed to its weakest for almost three years, according to Markit/CIPS data. The Markit/CIPS services purch
Read moreInmarsat profit drops amid weak government spending
3rd Mar 2016 07:42
(ShareCast News) - Satellite communications provider Inmarsat posted a drop in full year profit amid weak global government spending. In the year to the end of December, pre-tax profit slid 17.3% to $282m (£200m) on flat revenues of $1.27bn. Total revenue from government, meanwhile, was down 10.4%
Read moreInmarsat falls on Barclays downgrade
8th Feb 2016 09:08
(ShareCast News) - Despite strong growth forecasts, Barclays has downgraded Inmarsat from 'equal weight' to 'underweight', but raised its target price from 740p to 1,000p. The bank said while it had forecast a five-year revenue compound annual growth rate of 8% and earnings per share growth of 6%, i
Read moreInmarsat confirms Global Xpress commercial service introduction
4th Jan 2016 10:18
(ShareCast News) - Inmarsat confirmed that its Global Xpress satellite constellation achieved global commercial service introduction in December. The satellite communications services company said a fourth GX satellite - Inmarsat-5 F4 - is currently completing construction and testing by Boeing in C
Read moreBroker tips: Inmarsat, Cobham, Whitbread
4th Dec 2015 15:55
(ShareCast News) - Inmarsat shares dipped on Friday after Citigroup downgraded the stock to 'neutral' from 'buy' but retained its £11.50 target price. It said the company has performed strongly, outperforming the telecoms sector by 19% over the last six months and 37% over the last 12 months. "We s
Read moreInmarsat dips as Citi downgrades to neutral
4th Dec 2015 14:58
(ShareCast News) - Inmarsat shares dipped on Friday after Citigroup downgraded the stock to 'neutral' from 'buy' but retained its £11.50 target price. It said the company has performed strongly, outperforming the telecoms sector by 19% over the last six months and 37% over the last 12 months. "We s
Read moreFTSE 100 movers: Whitbread downgrade sends market in the red
4th Dec 2015 14:31
(ShareCast News) - The London markets continued to slide on the back of yesterday's ECB announcement as well as news from OPEC and the US jobs report. The market was down 33.84 points (0.54%) to 6,241.16 by mid-afternoon Friday. Premier Inn and Costa Coffee owner Whitbread was one of the bigger fal
Read moreFTSE 100 movers: Financial companies' rises offset IHG and utility falls
9th Nov 2015 14:10
(ShareCast News) - The FTSE 100 started the day on a high but slowly started to sink into the red, with the market down 4.22 (0.07%) by mid-afternoon to 6,349.61 despite a strong performance from financials. Aberdeen Asset Management, Standard Chartered, Barclays and HSBC were all boosted by the ri
Read moreLondon midday: FTSE little changed as investors digest US rate expectations
9th Nov 2015 11:50
(ShareCast News) - Housebuilders were the standout losers on the FTSE 100 after after Friday´s much stronger-than-expected US jobs report for October stoked speculation of rising interest rates worldwide. At midday, the FTSE 100 was off by just 0.69 points or 0.01% to 6,353.11. The latest US non-fa
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