Westhouse upgrades ITV from 'neutral' to 'add'
9th Mar 2015 10:01
ITV's share price was given a boost on Monday by Westhouse Securities which upgraded its stance on the shares from 'neutral' to 'add' after an "impressive" performance by the broadcaster and producers in 2014. "ITV's prelims detailed an impressive showing during 2014, contained an upbeat outlook ass
Read moreFTSE 100 movers: Weir Group up on bid speculation, Miners lower on weak precious metal prices
6th Mar 2015 12:46
Shares in British engineering giant Weir Group rose on the back of market chatter that a cash-rich private equity consortium in the US is looking to table a 2,500p per share break-up offer for the group, compared with current prices at around 1,800p. ITV continued higher on Thursday's raised price t
Read moreThursday broker round-up
5th Mar 2015 12:41
Rightmove: Credit Suisse lifts target price to 3220p from 2700p but cuts to neutral. Aviva: Panmure Gordon reiterates buy - with a 660p target, as does Westhouse Securities. Standard Chartered: UBS increases target price to 1000p from 980p and reiterates neutral view. Asos: Nomura ups target to 3,
Read moreLondon close: Stocks erase losses as ITV, StanChart and IAG gain
4th Mar 2015 16:41
After a weak start, UK markets managed to push into positive territory by Wednesday's close as decent gains from ITV, Standard Chartered and IAG offset some heavy falls in the mining sector. The FTSE 100 snapped three days of losses to finish up 0.44% at 6,919.24. Economic data from across the glob
Read moreFTSE 100 movers: ITV soars after beating 2014 forecasts, Fresnillo plunge on weak profits
4th Mar 2015 15:11
ITV topped the risers after the strongest advertising performance in five years helped it beat forecasts for 2014, as it hiked its annual dividend 34% and proposed an extra payout for shareholders. Numis Securities upped its rating on the broadcaster and producer from 'add' to 'buy'. Emerging market
Read moreLondon midday: FTSE continues retreat from record highs as mining stocks decline
4th Mar 2015 11:55
UK stocks were falling for the fourth straight day on Wednesday after a batch of mixed corporate earnings and global economic data. The FTSE 100 was down 0.32% at 6,866.94 by midday, on track for its lowest close since 16 February, with mining giants Fresnillo and Glencore providing a drag. Stocks
Read moreBroker tips: StanChart, Barclays, ITV, Rightmove
4th Mar 2015 11:38
Standard Chartered's annual results missed analysts' forecasts by a long way on Wednesday, though the market gave a warm welcome to the 2014 report with Shore Capital choosing to keep its 'buy' recommendation. Analyst Gary Greenwood said: "The introduction of more aggressive action on costs and capi
Read moreWednesday broker round-up
4th Mar 2015 10:16
Electrocomponents: Peel Hunt takes up to a buy. Pearson: Morgan Stanley keeps at overweight, target reiterated at 1,500p. StanChart: Shore Capital stays at buy. Moneysupermarket: UBS lifts to buy, raises target to 260p from 240p. Rightmove: Citi raises to neutral. Barclays: Deutsche keeps at buy
Read moreNumis upgrades ITV to 'buy' after "very strong" results for 2014
4th Mar 2015 09:29
ITV, which impressed City analysts with its annual results on Wednesday, received a further boost from Numis Securities as the broker upped its rating on the broadcaster and producer from 'add' to 'buy'. The broker said that following recent share-price weakness it has returned to a more positive st
Read moreLondon open: Stocks slip on mixed earnings, Fresnillo and L&G drop
4th Mar 2015 08:23
UK stocks edged lower on Wednesday morning as gains from Standard Chartered and ITV were offset by declines by Fresnillo, Glencore and Legal & General, as investors awaited a barrage of economic data. Following a brief spell in positive territory, the FTSE 100 had fallen 0.2% to 6,875.90 after the f
Read moreLondon pre-open: Subdued start expected ahead of economic data
4th Mar 2015 07:38
After closing at their worst level in nearly two weeks, UK stocks are expected to rebound on Wednesday, albeit only slightly, as investors await key economic data. City sources predict the FTSE 100 will open around five points higher than Tuesday's close of 6,889.13. This was the index's worst finis
Read moreITV broadcasts confidence with bumper payout and special dividend
4th Mar 2015 07:04
As its strongest advertising performance in five years helped ITV beat full-year forecasts, the broadcaster and producer is so confident of growth from all parts of the business this year it has lifted the annual dividend 34% and proposed an extra 6.25p special payout. A sore point in 2014 was that
Read moreITV confirms takeover talks with John de Mol's £500m-plus Talpa Media
27th Feb 2015 16:03
Broadcaster and programme maker ITV has confirmed it is in takeover talks with Talpa Media, the maker of reality television and dramas including 'The Voice' and 'Utopia' that has been valued at over £500m. In a short statement in response to recent speculation, ITV said that it was "continually asse
Read moreBroker tips: Glaxosmithkline, Rolls-Royce, ITV
13th Feb 2015 11:48
Glaxosmithkline's shares were given a boost on Friday by UBS which upgraded its rating for the pharmaceutical stock by two notches from 'sell' to 'buy', saying that the business is now at an "inflection point". The bank hiked its target price for the stock from 1,250p to 1,700p, saying it foresees p
Read moreNumis downgrades ITV from 'buy' to 'add'
13th Feb 2015 10:39
Numis Securities has lowered its recommendation for broadcaster ITV from 'buy' to 'add' ahead of the company's annual results on 4 March, saying it sees less upside after a recent run in the shares. The broker, which kept its 260p target price for the stock, noted that the shares have risen by 11% o
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