Monday broker round-up
11th May 2015 15:36
RBS: Credit Suisse reiterates underperform and 320p target. GlaxoSmithKline: Deutsche reiterates hold and lowers target to 1,540p from 1,600p. HSBC: Exane BNP reiterates underperform and 600p target. Lloyds: Credit Suisse reiterates neutral and 72p target. Sage Group: Goldman Sachs reiterates neu
Read moreITE Group acquires portfolio of events in Africa
6th Mar 2015 14:33
Exhibitions group ITE has acquired a major stake of a portfolio of events for £16m, funded by a placing of new shares. ITE now holds 50.1% of the portfolio, which includes the Africa Oil Week event, while GPP Energy Advisors holds the remaining stake. The group said put and call options were in pla
Read moreITE Group chief executive sells shares to buy house
2nd Dec 2014 14:41
ITE Group's chief executive officer, Russell Taylor, decided to sell part of his stake in the company to purchase a house, raising £755,000. Taylor, who joined the exhibitions and conferences organiser company in 2003, sold 500,000 shares at 151p each. He now holds a total of 1.5m shares. The move
Read moreITE Group results affected by Russian and Ukrainian trading conditions
2nd Dec 2014 09:50
ITE Group, an exhibitions and conferences organiser, said currency headwinds and difficult trading conditions in Russia and Ukraine affected their revenues for the full year. Revenues were down at £174m from £192.3m a year earlier, dragging profits before tax from £43.9m to £41.5m. Earnings per sha
Read moreMonday broker round-up UPDATE
17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read moreFriday broker round-up UPDATE
10th Oct 2014 09:42
British American Tobacco: Goldman Sachs reduces target price from 3530p to 3250p downgrading to sell. Brown (N) Group: UBS cuts target price from 490p to 445p leaving its buy recommendation unchanged. Diageo: Goldman Sachs reduces target price from 2030p to 1925p and keeps a neutral rating. Dixons
Read moreTuesday broker round-up UPDATE
7th Oct 2014 09:45
African Minerals: Canaccord Genuity lowers target price from 20p to 15p with a hold recommendation. Aggreko: Exane initiates with a target price of 1500p and an underperform rating. Amec: Liberum Capital cuts target price from 1035p to 908p staying with its sell recommendation. Antofagasta: Canacc
Read moreWednesday broker round-up UPDATE
1st Oct 2014 09:56
African Minerals: Canaccord Genuity reduces target price from 150p to 20p downgrading to hold. Avingtrans: FinnCap upgrades from hold to buy with a target price of 155p. Balfour Beatty: JP Morgan lowers target price from 220p to 200p, while upgrading to neutral. Blinkx: Numis places its buy recomm
Read moreFTSE 250 movers: Carphone Warehouse, Dixons surge as shareholders approve merger
18th Jul 2014 14:32
Merger partners Carphone Warehouse and Dixons Retail were both gaining around 5% on Friday afternoon after shareholders overwhelmingly voted in favour of the £3.7bn tie-up yesterday. "I'm delighted that shareholders have unequivocally supported the creation of Dixons Carphone," said Sebastien James
Read moreITE Group hit by "challenging" conditions as H1 revenues drop
15th Jul 2014 08:02
ITE Group, the trade exhibitions and conferences organiser, said it experienced a "challenging trading environment" in the third quarter with revenues well below last year. The company generated sales of £73m in the three months to June 30th, compared with £96m last year. The decline reflected the
Read moreITE Group buys stake in Indonesian events firm
11th Jun 2014 08:00
Emerging-markets exhibition organiser ITE Group is to buy a 50% stake in Indonesian peer Debindo Unggul Buana Makmur (DUBM). The investment will see ITE get its hands on the Indonesian building and construction exhibitions business, Indobuildtech, whose Jakarta event was attended by over 33,000 pro
Read moreMonday broker round-up UPDATE
19th May 2014 07:55
Alent: Numis moves target price from 330p to 340p upgrading to add. AVEVA Group: Westhouse Securities initiates with a target price of 2260p and a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1039p to 1042p and stays with its buy recommendation. Brown (N) Group: J
Read moreITE Group's first half profits rise on expansion
19th May 2014 07:42
- Pre-tax profit up 63 per cent - Revenue grows 2.5 per cent - Expansion in Turkey, China and UK - Dividend lifted 8.6 per cent ITE Group's first half profits advanced as the British organiser of exhibitions and conferences expanded its businesses into Turkey, Asia and the UK. Revenue in the six m
Read moreSector movers: ITV, BSkyB weigh on media stocks
14th May 2014 15:08
Shares in broadcaster ITV dropped by nearly six per cent on Wednesday after the company underwhelmed with a first-quarter update, dragging the UK wider media sector lower. The company more or less met analysts' forecasts with total external revenues up 2% to £585m in the first three months of its f
Read moreFTSE 250 movers: African Barrick climbs on rating upgrade
11th Apr 2014 15:31
African Barrick Gold rose after Numis raised its target price from 170p to 260p and upgraded the miner from 'sell' to 'hold'. Drax also climbed following Deutsche Bank's decision to reiterate its 'buy' rating on the stock. Technology group Pace and biotech-focused Worldwide Healthcare Trust were l
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