Ladbrokes surges on confirmation of merger talks with Gala Coral
23rd Jun 2015 07:11
Shares in Labdrokes surged 13% on Tuesday after the company responded to recent press speculation and confirmed that it is in merger talks with the board of Gala Coral. Ladbrokes said the two are in discussions regarding a possible merger of Ladbrokes and Coral Retail, Eurobet Retail and Gala Coral'
Read moreFTSE 250 movers: National Express higher on German hopes, Crest Nicholson hit by downgarde
16th Jun 2015 13:00
Mid-caps fared better than the blue chips on Tuesday, as losses from the industrial metals, telecommunications and oil sectors were offset by strong performances from pharmaceutical, property and utility stocks. As of 15:00 BST, the FTSE 250 was trading flat at 17,726. National Express gained, afte
Read moreLadbrokes shares rally as Morgan Stanley ups rating to 'overweight'
16th Jun 2015 09:06
Shares in Ladbrokes rose 2.7% on Tuesday after Morgan Stanley upgraded the stock to 'overweight' from 'equalweight' and raised the price target to 150p from 135p. "We see scope for forecast upgrades for the first time in years, both Digital and Retail have significant catch-up potential, Europe coul
Read moreTuesday broker round-up
16th Jun 2015 08:49
Imperial Tobacco Group: JP Morgan moves to neutral from not rated with 3,550p target. Credit Suisse reinstates coverage with outperform and 3,600p target. British American Tobacco: Credit Suisse reinstates coverage at outperform with 3,800p target. HSBC: Santander ups to hold. TT Electronics: Bere
Read moreFTSE 250 movers: Ladbrokes boosted by upgrade, property stocks lower
4th Jun 2015 13:19
Mid-caps were trading in the red on Thursday afternoon, as weakness in industrial metals, engineering and property stocks weighed on the market. As of 15:30 BST, the FTSE 250 was trading 0.66% lower at 18,142 points. Ladbrokes was making gains as broker Peel Hunt upgraded its rating on the stock to
Read moreLadbrokes rises nearly 4% after Peel Hunt upgrade
4th Jun 2015 09:01
Shares in Labdrokes rose nearly 4% on Thursday after Peel Hunt upgraded the stock to 'buy' from 'hold', saying that a more ambitious strategy could drive a substantial increase in shareholder value. There is no doubt that Ladbrokes faces a number of challenges, some self-inflicted through historical
Read moreWednesday broker round-up
20th May 2015 13:36
BHP Billiton: Credit Suisse reiterates outperform and 1,350p target. Associated British Foods: Credit Suisse reiterates outperform and 3,250 target. BP: RBC Capital ups target to 500p from 490p and reiterates outperform. Royal Dutch Shell: Canaccord Genuity reiterates buy and 2,275p target. Vedan
Read moreUBS lifts Ladbrokes, William Hill targets as bookmakers benefit from election certainty
20th May 2015 12:07
UBS raised its target prices on 'buy'-rated Ladbrokes and William Hill due to the UK election result allowing UK bookmakers to enjoy a "period of certainty". The Swiss bank raised its target for Ladbrokes to 140p from 130p, and Hill's to 440p from 400p. UBS pointed to Prime Minister David Cameron's
Read moreFTSE 250 movers: Telecity jumps 20% on £2.3bn Equinix offer
7th May 2015 15:26
Despite posting some slightly disappointing first-quarter results, datacentres group Telecity was leading the risers on the FTSE 250 after receiving a takeover offer from Equinix at 1,145p per share in cash and equity. This bid, at a 27% premium to the closing price on Wednesday, values Telecity at
Read moreLondon open: Election uncertainty weighs on stocks, Morrisons sinks
7th May 2015 09:11
UK stocks dropped on Thursday as election uncertainty and a poorly-received update from blue chip supermarket chain Morrisons dampened sentiment. The FTSE 100 was down 0.8% at 6,878.01 early on, with Morrisons leading the decline as sales trends worsened in its first quarter. Stocks in the resources
Read moreLondon pre-open: Stocks set to fall as UK election voting kicks off
7th May 2015 07:32
Stocks are set for a lower open on Thursday as UK voters head to the polls in one of the most unpredictable elections in decades. City sources predict the FTSE 100 will open 25 points lower than Wednesday's close of 6,933.74 with UK markets expected to track losses in the US and Asia overnight. Ana
Read moreLadbrokes chairman Peter Erskine steps down
7th May 2015 07:31
Ladbrokes chairman Peter Erskine has stepped down, five months after chief executive Richard Glynn left the bookmaker. Erskine, who has been in the role since 2009, said he was looking to leave after overseeing the transition from Glynn to new chief Jim Mullen. "I feel that now, with stronger found
Read moreSunday newspaper round-up: Ladrokes, Tesco, Diageo
3rd May 2015 12:41
Live by the sword, die by the sword. In anticipation of a Labour victory at the next general election, hedge funds appear to have ramped up their bets against Ladbrokes. The proportion of the company's shares out of loan - a rough gauge for short-selling - hit 8.9%, its highest level since October 2
Read moreFTSE 250 movers: Tate & Lyle hit by downgrade, energy stocks higher
22nd Apr 2015 13:28
Shares in sugar, sweetener and food ingredients group Tate & Lyle were losing their flavour after analysts at Credit Suisse lowered their rating on the stock from 'neutral' to 'underperform'. Ladbrokes was also trading lower as the bookmaker revealed operating profits were down materially due to cus
Read moreLadbrokes falls as quarterly results disappoint
22nd Apr 2015 08:49
First-quarter results from Ladbrokes disappointed as the bookmaker revealed operating profits were down materially due to customer friendly sporting results and new UK tax rules. Group net revenue trotted 3.3% higher, with retail net revenue up 4% and digital net revenue jumping 9.5% thanks entirely
Read more