Credit Suisse upgrades bookies William Hill and Ladbrokes
12th Jan 2016 12:25
(ShareCast News) - Credit Suisse upgraded William Hill to 'outperform' from 'neutral' and lifted the price target to 500p from 420p, saying the cash return story was as attractive as M&A The bank said it disagrees that William Hill is being left behind by ongoing industry consolidation, and reckons
Read moreLadbrokes Coral merger investigation fast-tracked by CMA
11th Jan 2016 14:37
(ShareCast News) - The Competition and Markets Authority (CMA) announced it will fast track the proposed merger between Ladbrokes and Coral to an in-depth phase two investigation. The CMA initially began its first phase investigation on 16 December, and asked for views on the companies' requests to
Read moreThursday newspaper share tips: Falling oil prices threaten BHP Billiton's strategy
7th Jan 2016 10:49
(ShareCast News) - Falling oil prices are threatening BHP Billiton's strategy to diversify into oil and gas, The Telegraph's Questor wrote on Thursday. Oil prices have been plummeting amid geopolitical flare-ups in the Middle East and oversupply concerns continuing to dominate market sentiment. Que
Read moreLadbrokes announces acting CFO to cover ahead of Coral merger
11th Dec 2015 07:21
(ShareCast News) - Ladbrokes has appointed Richard Snow as acting chief financial officer. The FTSE 250 company announced in September that Ian Bull who currently holds the post, will leave the company in February. Snow, who is director of investor relations, will hold the post until the proposed m
Read moreLondon pre-open: Stocks seen lower on negative Asian cues
11th Dec 2015 07:12
(ShareCast News) - London stocks are called to open lower on Friday, taking their cue from a downbeat session in Asia. Shares in China and Hong Kong slid as the yuan hit its lowest level in four years. The FTSE 100 is expected to open 21 points lower than Thursday's close at 6,067. On the data fro
Read moreLadbrokes' new chair and director bet on company
10th Dec 2015 15:43
(ShareCast News) - Ladbrokes' new chariman and newest board member are already giving their financial backing to the company. John Kelly was appointed chairman of the company at the beginning of December, replacing Peter Erskine who announced his intention to step down in May. He will also become c
Read moreLadbrokes appoints John Kelly as chairman ahead of Coral merger
4th Dec 2015 07:43
(ShareCast News) - Ladbrokes has appointed John Kelly as the bookmaker's new chairman with immediate effect following the departure of Peter Erskine and ahead of the proposed merger with Coral Group. The appointment follows the announcement in May that Erskine intended to step down from the board th
Read moreGala Coral revenue up ahead of Ladbrokes merger
30th Nov 2015 08:23
(ShareCast News) - Gala Coral Group's full year revenue is up ahead of the proposed merger with Ladbrokes. The betting company released its full year results to 26 September 2015 on Monday. It showed a 6% increase in net revenue to just over £1bn, despite 2014 figures including the impact of the FI
Read moreTuesday newspaper round-up: Tax credits, Equiniti, Equity release
27th Oct 2015 07:01
(ShareCast News) - George Osborne vowed last night to rein in the power of the Lords after he suffered a humiliating defeat over his plan to cut tax credits by £4bn. The chancellor said that the unprecedented vote, which left his budget policy in limbo, raised constitutional issues about unelected p
Read moreLondon close: Stocks close higher as ECB leaves door open to more QE
22nd Oct 2015 16:08
(ShareCast News) - London stocks closed higher after earlier declines as the European Central Bank's president fuelled hopes of further stimulus. Mario Draghi said the ECB will re-examine its quantitative easing programme in December and would consider extending €60bn monthly purchases past the plan
Read moreFTSE 250 movers: SIG's outlook drives market down
22nd Oct 2015 13:37
(ShareCast News) - The FTSE plunged shortly after opening and by mid-afternoon sat at 16,936.86 points, down 99.82 (0.59%). SIG led the market down, dropping over 20% after it revealed it is expecting a fall in underlying pre-tax profit for the year due to challenging market conditions in mainland E
Read moreLadbrokes results encourage as Mullen's strategy takes shape
22nd Oct 2015 07:58
(ShareCast News) - Ladbrokes shares raced higher as Thursday's third-quarter results met forecasts but were somewhat mixed as new chief executive Jim Mullen's plans take effect, with underlying revenue growing but operating profit falling sharply. The bookmaker reported a strong start to the footbal
Read moreBroker tips: Jupiter Fund Management, Ladbrokes, GSK
13th Oct 2015 16:41
(ShareCast News) - RBC Capital Markets has upgraded Jupiter Fund Management as it believes current forecasts underestimate the group's inflows and capital returns. After Monday's trading update, RBC's new 'outperform' rating, up from the previous 'sector perform', is accompanied by a 3% increase in
Read moreCitigroup upgrades Ladbrokes, says shares have fallen far enough
13th Oct 2015 14:01
(ShareCast News) - Citigroup upgraded Ladbrokes to 'neutral' from 'sell' and raised its price target to 110p from 100p, saying the shares have now fallen far enough. It said the new target price represents the mid-point between the upside potential it sees under a deal scenario and the downside risk
Read moreTuesday broker round-up
13th Oct 2015 09:49
(ShareCast News) - Ladbrokes: Citigroup upgrades to neutral, raises target price to 110.00p. Jupiter Fund Management: RBC Capital Markets upgrades to outperform, bumps up target price to 475.00p. Jefferies reiterates to buy, lifts target price to 493.00p. Glaxosmithkline: JP Morgan Cazenove upgrade
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