Wednesday broker round-up - UPDATE
3rd Oct 2012 09:06
African Barrick Gold: Westhouse Secuirites raises target from 464p to 495p. AG Barr: Panmure Gordon keeps hold rating and 440p target. AstraZeneca: Panmure Gordon downgrades from buy to hold, target cut from 3,100p to 3,000p. Barclays: UBS downgrades from buy to neutral, 235p target unchanged. B
Read moreRathbone Director ditches shares following 'resilient' quarter
26th Jul 2012 15:32
Richard Smeeton, the Director of Rathbone Brothers' investment management business in London and Jersey, traded in 10,000 shares on the same day the firm posted decline in profits in the first half of the year. Smeeton, who also manages a large number of client portfolios, pocketed £130,900 from t
Read moreKCOM on line
19th Jul 2012 08:54
Hull-based telecoms firm KCOM Group has continued to dial up the right numbers since the start of its new financial year on April 1st. The company is set to tell shareholders at its annual general meeting on Thursday that it is trading in line with expectations having made good progress against its
Read moreFirstGroup Chairman ups his stake
24th May 2012 15:45
Martin Gilbert, Chairman of FTSE 250 transport firm FirstGroup, has ignored broker recommendations to purchase 50,000 shares on the same day the company unveiled its plans to move its UK bus shake-up into the fast lane. Gilbert bought the shares on Wednesday at 217.50p each for a total of £108,750
Read moreRevenues dip at Kcom; Halbert to remain in chair
22nd May 2012 07:17
Broadband and communications provider Kcom says a decline in its business focused arm hit overall revenues last year but profits were up. For the year to the end of March revenue was £387.3m, just short of the consensus expectation of £390m and 2% down on the prior year. Profit before tax surpris
Read moreBroker tips: Randgold, KCOM, 888
2nd Apr 2012 12:32
Nomura downgraded its rating for gold miner Randgold Resources from buy to neutral late on Friday night on the back of concerns over the socio-political situation in Mali. Nomura does still expect a positive outcome and return to democracy in Mali and continues to rate Randgold as a "top-quality go
Read moreBroker snap: finnCap ups target for KCOM
2nd Apr 2012 12:27
Following KCOM's trading update this morning, finnCap has raised its target price for the telecoms group from 100p to 110p and reiterated its buy rating. "FY trading update is in line with expectations, indicating sustained growth in broadband penetration in East Yorkshire, and continued developmen
Read moreLondon pre-open: Small rise expected in early trading
2nd Apr 2012 07:26
City sources predict the FTSE 100 will open up 11 points from Friday's close of 5,768, buoyed by better-than-expected-data Chinese manufacturing data on Sunday. House building and construction group Galliford Try has reached financial close on the Gateshead regeneration programme, for which it wa
Read moreKCom tops up pension pot
2nd Apr 2012 07:07
Hull-based telecoms firm KCom is following in the foot-steps of its bigger rival, BT, and bringing forward planned payments to its defined benefit pension schemes. The group, which said it is trading in line with trends reported back in November, is throwing off so much cash that it feel able to ma
Read moreWednesday tips round up: National Grid, Babcock, Kcom
1st Feb 2012 06:51
In the Times, Tempus tests the currents for National Grid. The firm's 8% dividend growth promise will expire this year, to be replaced by a 4% commitment. This will not please investors thinks Tempus The company's attempts to grow in the US are also dawdling, with National Grid finding it hard to m
Read moreKCOM churning out cash
31st Jan 2012 09:12
It is a case of steady as she goes for Hull based telecoms firm KCOM, which continues to trade in line with expectations. Not much has changed since the group's interim results announcement back in November, with the business still churning out cash, leading to a further reduction in net debt. The
Read moreKCOM's focus paying dividends
22nd Nov 2011 11:15
Cash-generative telecoms group KCOM is on course to hit its target of 10% per annum dividend growth after announcing a strong set of interim figures and some new contract wins. Revenue rose by 1.6% year-on-year while profit before tax soared 22.7% for the six months ended 30 September. Revenue gr
Read moreTuesday broker round-up - UPDATE
22nd Nov 2011 09:34
British Land: Bank of America-Merrill Lynch upgrades to buy from neutral. Centrica: Goldman Sachs keeps at Conviction Buy. Smith&Nephew: Citi cuts target to 492p from 507p, keeps at sell. Smith&Nephew: Citi reiterates neutral. Thomas Cook: Evolution Securities downgrades from neutral to sell, t
Read moreLondon close: London falls for sixth successive day
21st Nov 2011 17:02
Stocks fell out of a bed with a bump this morning and then in the afternoon session rolled down the stairs all the way to the cellar, as US lawmakers reprised their tiresome wrangling over budget cuts, as previously seen back in July. NO PROGRESS IN CONGRESS With the clock ticking down towards a W
Read moreTuesday preview: KCOM, Enterprise Inns
21st Nov 2011 16:11
FTSE 250 telecoms group KCOM is scheduled to announce interim numbers on Tuesday, but Altium Securities is more interested in whether it will announce new corporate contract wins that could prompt profits upgrades. "Kcom's position as the market leading managed service provider has enabled it to wi
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