Broker tips: Wood Group, ITV, AstraZeneca
8th Feb 2016 15:55
(ShareCast News) - Wood Group shares fell after Goldman Sachs downgraded the company from 'neutral' to 'sell' and cut its target price from 639.6p to 517.6p. In a note on Monday, the investment bank focused on working capital analysis, which it believed would be the key there for the oil services se
Read moreFTSE 100 movers: Randgold shines after results but ITV slumps on DB note
8th Feb 2016 14:02
(ShareCast News) - London's FTSE 100 was down 1.9% to 5,737.01 at 1420 GMT, tracking broader market losses, although Randgold Resources bucked the trend following well-received results. Shares in ITV fell sharply on Monday as Deutsche Bank said the broadcaster was lagging the rest of the sector, whi
Read moreITV slumps as Deutsche says it's lagging sector
8th Feb 2016 13:16
(ShareCast News) - Shares in ITV fell sharply on Monday as Deutsche Bank said the broadcaster was lagging the rest of the sector, which has kicked off the year strongly. Deutsche, which hosted a conference call for investors with four UK media buyers and two advertising forecasters, said: "1Q conse
Read moreLondon close: Stocks gain on ECB stimulus hopes
21st Jan 2016 16:16
(ShareCast News) - UK stocks advanced on Thursday as European Central Bank President Mario Draghi hinted at further stimulus. In a press conference following the ECB's decision to keep its key rates unchanged, Draghi said the central bank would "review and reconsider" its monetary policy measures at
Read moreITV rated 'sell' as UBS begins broadcasting coverage
21st Jan 2016 09:28
(ShareCast News) - UBS has initiated coverage on ITV at 'sell' with a price target of 230p as it begins covering the European broadcasting sector. In a note issued on Thursday, the investment bank noted there are a number of structural pressures building. "Linear TV audience fragmentation, not seen
Read moreITV confirms director reshuffle but not Archie Norman reports
18th Jan 2016 11:53
(ShareCast News) - ITV has confirmed the departure of its director of television but not reports that chairman Archie Norman is also stepping down. Ex-Asda boss Norman has led the broadcaster since 2010 and was reported at the weekend to have revealed to fellow directors that he plans to exit the br
Read moreHSBC upgrades ITV on prospects of strong year
18th Jan 2016 08:04
(ShareCast News) - HSBC has upgraded ITV from 'hold' to 'buy' and increased its target price from 275p to 305p on prospects of what it thinks will be another strong year. In a note on the European media sector issued on Monday, the investment bank said it isn't worried about a "perceived structural
Read moreSunday newspaper round-up: Iran worries, bank start-ups, National Grid, Argos
17th Jan 2016 16:32
(ShareCast News) - Tumbling Middle East stock markets in the wake of the lifting of Iran's economic sanctions have set the scene for another white-knuckle ride on the FTSE 100 in the coming week. The possibility of a new wave of oil flowing from Iran oil onto an already saturated markets sent all se
Read moreITV adds Manz to strengthen board's financial brainpower
7th Jan 2016 09:04
(ShareCast News) - ITV has strengthened its board with the appointment of Diageo's Anna Manz as a non-executive director. Manz, currently group strategy director at the drinks group she joined in 2009, will be joining the board from 1 February. She has previously held roles of group treasurer and f
Read moreITV chair takes shares partially in lieu of fee
5th Jan 2016 15:54
(ShareCast News) - ITV chairman Archie Norman has seen his stake in the media company rise in lieu of directors fees. Norman, who has been steering the company since 2009, has an arrangement that means he uses 40% of his annual fee after statutory deductions and associated costs to acquire shares on
Read moreFTSE 100 movers: Heavily-weighted miners rally but ITV gives back gains
22nd Dec 2015 14:28
(ShareCast News) - London's FTSE 100 index was up 0.7% to 6,073.90 at 1440 GMT in holiday-thinned volumes, with many traders already away from their desks for the Christmas holiday. Heavily-weighted miners were the biggest gainers, with Antofagasta and Anglo American firmly in the black as Chinese c
Read moreNewspaper share tips: ITV sale rumours not worth much
22nd Dec 2015 13:13
(ShareCast News) - The Financial Times was looking at swirling rumours around the UK's biggest commercial broadcaster, while the Telegraph was looking back on its mistakes this week. FT's Lex column looked to television on Tuesday, amid the circulating rumours that oft-maligned US media giant Comcas
Read moreFTSE 100 movers: Glencore leads market on buy recommendation
21st Dec 2015 13:51
(ShareCast News) - The FTSE 100 started the short week on a high with the index up 52.66 points (0.87%) to 6,105.08 by mid-afternoon Monday. It was also the first day that Worldpay, Provident Financial and DCC were trading on the blue chip market, replacing Morrisons, G4S and Meggitt. Glencore led
Read moreLeftfield's Brent Montgomery appointed CEO of ITV America
3rd Dec 2015 14:08
(ShareCast News) - Broadcaster ITV has appointed Brent Montgomery, the current chief executive of Leftfield Entertainment, as CEO of ITV America. Montgomery will manage all of ITV's US businesses. As a result, and in order to facilitate the integration of Leftfield within ITV America, ITV has accele
Read moreITV on track for double digit full year growth
10th Nov 2015 07:04
(ShareCast News) - ITV is on track for a double digit growth in full year profit, after posting a strong third quarter book where a thrilling start to the Rugby World Cup made up for England's poor showing. The broadcaster released a trading update for the nine months to 30 September on Tuesday whic
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