David Buttress makes sudden exit as Just Eat CEO
10th Feb 2017 07:26
(ShareCast News) - Online food ordering and delivery service Just Eat announced on Friday that, due to urgent family matters, David Buttress had informed the board of his intention to step down from his role as chief executive officer. The FTSE 250 company said Buttress would continue to work full t
Read moreNumis starts Just Eat at 'add'
8th Feb 2017 12:03
(ShareCast News) - Numis initiated coverage of Just Eat at 'add' with a 650p price target, saying the company is in an enviable position. "The leading player in a growing market with first mover advantage, we see opportunities to grow orders, raise commissions and improve margins," the broker said,
Read moreWednesday broker round-up
11th Jan 2017 13:32
(ShareCast News) - Burberry: Barclays upgrades to Overweight and lifts target price from 1450p to 1760p. AstraZeneca: UBS maintains Buy, keeps target price of 5,000p. Spectris: Bank of America Merill Lynch upgrades to Buy with a target price of 2600p. Unilever Plc: UBS maintains Buy with a target
Read moreJust Eat orders slow in fourth quarter
10th Jan 2017 07:40
(ShareCast News) - Just Eat, the online takeaway food specialist, said it was in 'a good position' to hit its full year targets even though online food orders slowed in the fourth quarter. For the calendar year, total orders grew 42% and like-for-like sales grew 36%, while the UK saw order growth
Read moreThursday broker round-up
15th Dec 2016 15:25
(ShareCast News) - Wood Group: UBS reiterates neutral with a target price of 875p. Burberry: Exane BNP Paribas keeps at neutral, 1490p target. Inmarsat: Deutsche Bank reiterates buy with a 1030p target. Sports Direct: Canaccord reiterates sell with a 160p target. Vodafone: Deutsche Bank reiterate
Read moreJust Eat forks out £360m to gobble up Hungryhouse and SkipTheDishes
15th Dec 2016 07:36
(ShareCast News) - Just Eat will fork out up to £240m to gobble up its main UK rival Hungryhouse from Germany's Delivery Hero and for afters has tucked into Canada's SkipTheDishes for up to £120m. The FTSE 250 online takeaway food group will spend an initial £200m cash on Hungryhouse plus £40m cash
Read moreNewcomers eye promotion in FTSE 100 index reshuffle
28th Nov 2016 08:41
(ShareCast News) - Irish packaging group Smurfit Kappa, newly listed medical product company ConvaTec Group and online car retailer Auto Trader could make the leap into the FTSE 100 benchmark on Wednesday as part of the quarterly FTSE Russell index reshuffle. Making way could be precious metals prod
Read moreFriday broker round-up
25th Nov 2016 17:30
(ShareCast News) - Essentra: Jefferies keeps at buy with a target price of 445p. Rio Tinto: HBSC stays at buy 3300p target. Legal & General: Berenberg reiterates buy with a 301p target. Jardine Lloyd Thomson: HSBC reiterates buy with a 1100p target. Diageo: Credit Suisse keeps at outperform with
Read moreSector movers: Domestic focused shares pace gains
3rd Nov 2016 15:21
(ShareCast News) - Domestic-focused shares paced gains after the High Court ruled that Parliament must approve the Article 50 process. The news set off an immediate bounce in cable, which was 1.07% higher to 1.2434 as of 1540 which fed through into sectors such as general retailers and REITs. Yet t
Read moreThursday broker round-up
3rd Nov 2016 11:39
(ShareCast News) - IAG: Deutsche Bank keeps at buy with a target price of 540p. Just Eat: Goldman Sachs stays at buy, 760p target. Next: Credit Suisse downgrades to underperform with a 4600p target. G4S: Deutsche Bank upgrades to hold with a 220 with a 3035p target. Cineworld: HBSC starts coverag
Read moreJust Eat ups full-year revenue and earnings expectations
2nd Nov 2016 07:34
(ShareCast News) - Online food delivery service Just Eat upped its expectations for full-year revenues and adjusted earnings as it reported a rise in orders in the third quarter. In an update for the three and nine months to the end of September, the company said total orders in the third quarter
Read moreFriday broker round-up
28th Oct 2016 15:33
(ShareCast News) - Barclays: JP Morgan keeps at neutral with a target price of 190p. Standard Life: Jefferies stays at buy, 391p target. Senior: Berenberg reiterates buy with a 220p target. Imperial Brands: Deutsche Bank reiterates buy with a 4600p target. ITV: Credit Suisse reiterates outperform
Read moreFTSE 250 movers: eOne too pricey for ITV, smaller banks a bargain says Merrill
25th Aug 2016 14:47
(ShareCast News) - The FTSE fell along with much of the market on Thursday, with Entertainment One and Just Eat leading the way lower. Entertainment One, known as eOne and distributor of the 'David Brent: Life on the Road' film currently in cinemas, was sent skidding as ITV swerved a potential takeo
Read moreBroker tips: Playtech, Aldermore, Shawbrook, Just Eat
25th Aug 2016 12:09
(ShareCast News) - Playtech shares gained on Thursday as Canaccord Genuity raised its target price to 1,125p from 902p and reiterated a 'buy' rating on the stock after the gambling software developer reported its first half results. In the six months to the end of June, revenues rose to €337.7m from
Read moreJust Eat slumps on Barclays downgrade
25th Aug 2016 09:13
(ShareCast News) - Just Eat shares were under the cosh on Thursday as Barclays downgraded the stock to 'equal weight' from 'overweight' and raised its target price to 630p from 550p. Barclays said it has upgraded its estimates and price target to reflect the "strong first half execution" but believe
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