Monday newspaper round-up: Brexit chaos, Nigeria oil, house prices, ITV-ETO
22nd Aug 2016 07:02
(ShareCast News) - Leaving the EU may not not happen anytime soon given that civil servants charged with the task don't yet have an office and hold meetings in Starbucks. Some estimates suggest "full Brexit" may take 10 years and involve up to 10,000 people, not only in the new and other so-called "
Read moreEntertainment One surges on improved ITV bid hopes
15th Aug 2016 08:29
(ShareCast News) - Shares in Entertainment One were surging on Monday morning on reports that ITV might improve its bid for the Canadian TV and film distributor. ITV was understood to be working on lifting its previous bid for eOne, which is the majority owner of the maker of the enormously popular
Read moreKKR eyeing possible bid for Entertainment One, ITV ponders higher offer
14th Aug 2016 20:48
(ShareCast News) - Entertainment One had caught the eye of US private equity outfit KKR, which is considering a bid, Bloomberg reported citing people familiar with the matter. For its part, The Mail on Sunday reported that ITV might be willing to pay up to 280p a share or almost £1.2bn for Entertain
Read moreSunday newspaper round-up: Brexit in 2019, bank regulation, ITV, William Hill
14th Aug 2016 17:49
(ShareCast News) - Britain could remain in the EU until late 2019, almost a year later than predicted, ministers have privately warned senior figures in the City of London. Theresa May has been expected to enact article 50 in January, setting in train the formal two years of negotiations before Brex
Read moreITV hikes dividend as it warns ad revenues likely to slow in third quarter
27th Jul 2016 07:12
(ShareCast News) - ITV's revenue growth slowed in the latter part of the first half of the year and, as the broadcaster cautioned that television advertising is likely to be down in the third quarter, it hiked the interim dividend 26% to 2.4p to keep investor's glued. Total revenues grew 12% to £1.7
Read moreBroker tips: Vodafone, ITV, Rathbone Brothers
12th Jul 2016 13:24
(ShareCast News) - Vodafone was under the cosh on Tuesday after Citi downgraded the stock to 'neutral' from 'buy' but raised the target price to 245p from 240p. Citi said it does not expect a "significant positive catalyst" for another two quarters following the company's full year results in May, a
Read moreUBS upgrades ITV after 18% share price drop
12th Jul 2016 08:32
(ShareCast News) - UBS upgraded broadcaster ITV to 'neutral' from 'sell' following an 18% share price fall, despite macroeconomic uncertainty and operational headwinds, noting that fundamental downside was limited. The bank said its economists have cut their 2016 UK GDP growth forecast to 1.3% and t
Read moreWednesday newspaper round-up: Sterling, ITV, BT, Ofcom, Network Rail
6th Jul 2016 07:19
(ShareCast News) - The pound plumbed new depths against the dollar and investors rushed for the perceived havens of gold and government bonds as financial turmoil intensified in the wake of the UK's Brexit vote, with sterling hitting $1.2798 in early Asian trading on Wednesday - its lowest in more t
Read moreBroker tips: ITV, Randgold Resources, Fresnillo, UK banks
27th Jun 2016 17:00
(ShareCast News) - Nothing had changed with respect to ITV's fundamentals following Brexit despite the approximately 20% share price drop on 24 July, analysts at Liberum said, as they stood by their 'buy' recommendation and 375p target on the stock and singled it out as a 'top-pick'. That was true e
Read moreLiberum sees increased odds of takeover bid for ITV as pound weakens
27th Jun 2016 16:39
(ShareCast News) - Nothing had changed with respect to ITV's fundamentals following Brexit despite the approximately 20% share price drop on 24 July, analysts at Liberum said, as they stood by their 'buy' recommendation and 375p target on the stock and singled it out as a 'top-pick'. That was true e
Read moreTake advantage of ITV's post-Brexit slump, says Liberum
27th Jun 2016 14:01
(ShareCast News) - Liberum reiterated its stance on buy-rated broadcaster ITV as a 'top pick' on Monday, saying investors should take advantage of Friday's share price slump. It said that while ITV shares fell around 20% in the aftermath of the Brexit vote, nothing has changed in terms of the stock'
Read moreSunday newspaper round-up: Rate cut, City exodus, pensions, LSE, RBS and Lloyds
26th Jun 2016 15:03
(ShareCast News) - The Bank of England is set to slash interest rates and even restart its money-printing programme to stimulate a slowing economy after the vote for Brexit, the Sunday Times reported. A cut in Bank rate is now viewed as a near-certainty by investors, having been considered an even-m
Read moreSocGen outlines post-referendum trade ideas
22nd Jun 2016 09:57
(ShareCast News) - Remain is the central scenario in Societe Generale's equity allocation model and the FTSE 100 is one of its preferred indices, the bank said as it outlined its equity trade ideas for both outcomes. In the event of a Brexit, SocGen expects that on 24 June and the following days, th
Read moreITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
20th Jun 2016 09:25
(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal
Read moreBBC and ITV plan 'Britflix' paid streaming service to rival Netflix
16th May 2016 12:35
(ShareCast News) - Plans by the BBC to team up with ITV and possibly other broadcasters to set up a subscription streaming service have received encouragement from the government. A new online portal would provide the BBC and ITV with a means of charging viewers to watch programming once it had been
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