Grocers and miners lead gains
13th May 2016 20:22
(ShareCast News) - Miners and grocers led gains on the market as the selling pressure on two of the past week's worst performers eased a bit. Gains in the former were particularly noteworthy, coming as they did in the face of an across-the-board retreat in commodity prices, in part as the US dollar
Read moreBroker tips: ITV, Acacia Mining, Inmarsat
13th May 2016 12:51
(ShareCast News) - Deutsche Bank (DB) cut its target price to 185p from 200p and reiterated a 'sell' rating for ITV after the broadcaster reported its first quarter results. The bank said ITV's first quarter results were even worse than lowered expectations. ITV reported flat advertising revenue in
Read moreITV's shares slide as Deutsche Bank cuts target price
13th May 2016 10:20
(ShareCast News) - Deutsche Bank (DB) cut its target price to 185p from 200p and reiterated a 'sell' rating for ITV after the broadcaster reported its first quarter results. The bank said ITV's first quarter results were even worse than lowered expectations. ITV reported flat advertising revenue in
Read moreBroker tips: Antofagasta, ITV, Compass
12th May 2016 15:39
(ShareCast News) - Antofagasta's shares were under pressure on Thursday after Canaccord Genuity cut its full year earnings forecast for the miner. Canaccord said the company's first quarter production for copper, gold and molybdenum were below its estimates. "First quarter cash costs also disappoin
Read moreFTSE 100 movers: Compass marches north, grocers retreat on consumer crunch
12th May 2016 14:53
(ShareCast News) - The FTSE 100 index started weakly, built up steam and then lost it again on Thursday, sitting 0.8% lower at 6,113.32 late in session. Despite gold losing some of its lustre, Randgold Resources topped the pile while precious metals giant Fresnillio was another on the leaderb
Read moreCredit Suisse lowers ITV target price but retains 'outperform' recommendation
12th May 2016 13:28
(ShareCast News) - The uncertainty surrounding the Brexit referendum will drag on ITV's advertising revenues, but investors would be wrong to try and put a 'structural' spin on what is in fact a 'cyclical' slowdown, Credit Suisse said. Indeed, in its first quarter update, ahead of the Annual General
Read moreLondon pre-open: All eyes on BoE's Carney and Vlieghe
12th May 2016 07:24
(ShareCast News) - A cautious tone is expected to prevail at the start of trading, with traders sitting on their hands of the results of today's Monetary Policy Committee meeting, minutes and Inflation Report. Against that backdrop, the Footsie is being called to start the session 27 points beneath
Read moreITV confident of first half growth despite advertising slump
12th May 2016 07:05
(ShareCast News) - In spite of a 13% decline in net advertising revenue in April, ITV said it expected it to be "broadly flat" for the first half of the year and for the group to deliver "good profit growth". Although NAR from the ITV 'family' of channels was down very slightly in the first quarter
Read moreThursday broker round-up
5th May 2016 15:12
(ShareCast News) - Stagecoach: UBS upgrades to buy with a 295p target. Centrica: Exane BNP Paribas downgrades to neutral with a 240p target and UBS reiterates hold with a target price of 250p. BHP Billition: Barclays upgrades to equal-weight with a 875p target. Vedanta: Barclays reiterates underwe
Read moreTuesday broker round-up
3rd May 2016 15:50
(ShareCast News) - Tullow Oil: Goldman Sachs upgrades to buy with a 274,30p target. RSA Insurance: Barclays upgrades to overweight with a 545p target. RBS: UBS reiterates neutral with a target price of 250p Barclays reiterates equal-weight with a target of 270p and Goldman Sachs stays at buy with 3
Read moreTV advertising spending 'flat' in second quarter, reports say
28th Apr 2016 10:30
(ShareCast News) - UK television advertising spending is expected to be roughly flat in the second quarter of the year, according to industry reports. TV adspend fell by a larger-than-forecast 7% in April and is likely to be "little better than flat" in the second quarter after expanding by roughly
Read moreFTSE 100 movers: Miners and banks slump but Imperial gains on upgrade
25th Apr 2016 14:05
(ShareCast News) - London's FTSE 100 index was down 0.8% to 6,260.09 in afternoon trading, with miners pacing the decline. Heavily-weighted mining stocks were the worst performers as metals prices slipped, with Anglo American, BHP Billiton, Rio Tinto and Glencore all firmly on the back foot. Standa
Read moreFriday broker round-up
22nd Apr 2016 15:08
(ShareCast News) - Acacia Mining: Jefferies reiterates buy with a 390p target and Citigroup stays at neutral with a target price of 340p. ITV: UBS stays at sell with a 230p target. Easyjet: Credit Suisse keeps at outperform with a target price of 2137p. Lloyds: Deutsche Bank keeps at buy with a t
Read moreMonday broker round-up
18th Apr 2016 14:31
(ShareCast News) - Thomas Cook: Berenberg upgrades to hold with a target price of 105p and Goldman Sachs reiterates sell with a 94p target. Rightmove: Investec upgrades to buy with a target price of 4400p. Spirax: RBC downgrades to sextor perform with a target price of 3700p. Polymetal: Deutsche B
Read moreFTSE 250 movers: Takeover talks send Entertainment One higher
14th Apr 2016 14:38
(ShareCast News) - The FTSE 250 was trading down on Thursday afternoon, after a unanimous Bank of England decision to keep interest rates steady for the 85th month in a row. Film and television distributor Entertainment One was on the up, after it was revealed that broadcaster ITV held takeover talk
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