Broker tips: ITV, Wood Group, Paper and packaging stocks
10th Oct 2014 13:02
UBS has upped its target price for broadcaster ITV from 210p to 230p and repeated its 'buy' recommendation, highlighting catalysts for the stock in the near term. Retransmission fees, M&A and a "compelling valuation" were cited as reasons behind the UBS' positive investment case on ITV. Specifically
Read moreUBS highlights catalysts for ITV's shares, lifts target price
10th Oct 2014 12:31
UBS has upped its target price for broadcaster ITV from 210p to 230p and repeated its 'buy' recommendation, highlighting catalysts for the stock in the near term. Retransmission fees, M&A and a "compelling valuation" were cited as reasons behind the bank's positive investment case on ITV. Analyst T
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 moreFTSE 100 movers: Next results fall short of City expectations
11th Sep 2014 14:53
FTSE 100 retailer Next confirmed total sales growth of 10.3% in the first half and slightly upgraded its full-year earnings guidance, but shares slumped after the figures fell short of City analysts' ambitious forecasts. Retail stores and its online business both delivered significant growth to lift
Read moreCredit Suisse ups EPS forecast for ITV
11th Sep 2014 12:00
Credit Suisse lifted shares in broadcaster ITV on Thursday after upping its target price by 20p and its earnings per share forecasts by 6%. The broker improved its outlook following comments by culture secretary Sajid Javid, who said he would look into whether broadcasters such as ITV could potentia
Read moreLondon close: Tesco and HSBC focus investors' attention
1st Sep 2014 17:21
- Chinese, Eurozone and UK manufacturing PMIs fall - Markets looking ahead to BoE, ECB, US jobs data - Perform jumps on Access Industries offer techMARK 2,858.54 +0.26% FTSE 100 6,825.31 +0.08% FTSE 250 15,957.13 +0.45% Figures showing a manufacturing slowdown in the Eurozone, UK and China capped
Read moreFTSE 100 movers: ITV a strong riser on bid speculation
1st Sep 2014 15:03
Shares in ITV were rising strongly on Monday on renewed speculation that Liberty Global could be preparing to launch a full-scale bid for the UK broadcaster. According to The Telegraph over the weekend, Liberty, which already owns a 6.4% stake in ITV through its investment in July, is "forming allia
Read moreSector movers: M&A lifts media stocks as Perform and ITV rise
1st Sep 2014 14:36
M&A fever was driving media stocks higher on Monday with sports rights owner Perform Group surging and broadcaster ITV on the rise. Perform, which commercialises multimedia sports content across digital platforms, saw its shares rise 26.5% after the company confirmed it had received a takeover bid
Read moreITV shares rise on renewed Liberty Global bid speculation
1st Sep 2014 13:54
- Liberty said to be "forming alliances" with ITV shareholders - US group already owns a 6.4% stake - Substantial premium needed, says analyst Shares in ITV were rising strongly on Monday on renewed speculation that Liberty Global could be preparing to launch a full-scale bid for the UK broadcaster
Read moreLondon midday: Weak global manufacturing data weighs on UK stocks
1st Sep 2014 12:06
- Chinese, Eurozone and UK manufacturing PMIs fall - Markets looking ahead to BoE, ECB, US jobs data - Perform jumps on Access Industries offer techMARK 2,855.71 +0.16% FTSE 100 6,816.49 -0.05% FTSE 250 15,922.73 +0.23% Figures showing a manufacturing slowdown in China, the Eurozone and UK were we
Read moreSunday newspaper round-up: Tesco, ITV, Glaxo
31st Aug 2014 17:42
Harris Associates, the US investment fund that has been one of Tesco's biggest and most loyal shareholders, has sold almost two thirds of its stake because it thinks the supermarket group has become too risky, the Sunday Telegraph reported. David Herro, Harris's chief executive, said there were too
Read moreFriday broker round-up UPDATE
8th Aug 2014 10:19
African Minerals: Canaccord Genuity cuts target price from 170p to 150p, while keeping its buy recommendation. AMEC: Credit Suisse reduces target price from 1250p to 1150p retaining a neutral rating. Nomura reduces target price from 1450p to 1250p staying with its buy recommendation. UBS cuts targe
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreWesthouse Securities downgrades ITV on share price strength
30th Jul 2014 13:37
Westhouse Securities has downgraded ITV to 'add' from 'buy' to reflect the strength of the broadcaster's share price. ITV's pre-tax earnings before interest, tax, depreciation, amortisation and one-off items (EBITA) in the six months to June 30th rose 11% to £322m. The group said on Wednesday it s
Read moreLondon midday: UK stocks flat ahead of US data, Fed decision
30th Jul 2014 11:42
- Corporate earnings receive mixed market reaction - Barclays, Travis Perkins and Astra rise - Antofagasta, ITV and Compass fall - US data, Fed decision in focus later on techMARK 2,783.73 +0.05% FTSE 100 6,803.99 -0.06% FTSE 250 15,675.20 -0.08% The FTSE 100 was trading broadly flat on Wednesday,
Read more