London midday: ECB stimulus hopes lift stocks, but earnings reports mixed
21st Oct 2014 11:38
Decent gains in the financial, energy and retail sectors helped the FTSE 100 rise strongly on Tuesday, despite some mixed blue-chip earnings and economic data from China. Also helping sentiment were reports that the European Central Bank is considering buying corporate bonds on the secondary market.
Read moreLondon open: UK stocks flat on mixed earnings, Chinese data
21st Oct 2014 08:28
UK stocks fluctuated in early deals on Tuesday as investors gave a mixed reaction to a wave of blue-chip corporate earnings. London's FTSE 100 index was just 0.1% higher at 6,275 within the opening hour, with shares of ARM Holdings and GKN rising strongly and Reckitt Benckiser, Intercontinental and
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreLadbrokes quits e-gaming and sport betting in Canada - UPDATE
24th Sep 2014 10:21
Ladbrokes is pulling out of online gaming and sport betting operations in Canada, the bookmaker said on Wednesday. Ladbrokes has given Canadian customers 30 days to withdraw all funds from their accounts, saying it would no longer accept wagers or deposits from players and bank accounts reg
Read moreLadbrokes, Gala Coral, Paddy Power and William Hill voluntarily sign up to industry watchdog
15th Sep 2014 13:01
Four of Britain’s biggest bookmakers have announced they will introduce a series of voluntary measures aimed to address public concerns over gambling. William Hill, Ladrbokes, Gala Coral and Paddy Power have all jointly agreed to a series of changes, which include banning TV adverts before 9pm
Read moreBroker tips: G4S, Ladbrokes, Catlin, CSR
13th Aug 2014 12:28
Security group G4S delivered a "satisfactory set of interims" despite a slight easing of organic growth in the second quarter, according to Investec, The broker repeated a 'buy' rating and 280p target price for the stock, saying that it "remains our preferred turnaround play". Morgan Stanley has s
Read moreMorgan Stanley slashes Ladbrokes forecasts, but upbeat about prospects
13th Aug 2014 09:27
Morgan Stanley has slashed its target price for Ladbrokes by a sixth after a "very weak" first half from the bookmaker, though it took a more upbeat stance, voicing greater confidence in its turnaround. The investment bank kept an 'equal-weight' rating on the stock, but has cut its target for the s
Read moreFTSE 250 movers: Just Eat shares jump on strong first half
12th Aug 2014 14:50
Online takeaway marketplace Just Eat said profits trebled in the first half of 2014 on the back of strong demand and accelerating growth in mobile. The company said pre-tax profit was up 200% at £6m on revenues that jumped by 58% to £69.8m, causing shares to surge in morning trade. High street book
Read moreBroker tips: Hargreaves Lansdown, Prudential, African Barrick Gold, Ladbrokes
12th Aug 2014 12:16
Shares in financial services group Hargreaves Lansdown were under pressure on Tuesday after UBS initiated coverage of the stock with a 'sell' rating, saying that the "risk-reward [is] significantly skewed to the downside". The bank set a 850p target price for the stock, which implies downside from
Read moreLondon midday: Stocks erase losses to trade flat amid geopolitical developments
12th Aug 2014 12:10
- Markets trim losses to finish flat - Geopolitics in focus with aid on its way to Ukraine - German ZEW survey disappoints - Prudential, Just Eat, Ladbrokes and Serco rise after results techMARK 2,726.95 -0.02% FTSE 100 6,630.32 -0.04% FTSE 250 15,498.56 +0.24% UK stocks had clawed back losses and
Read moreNumis expects "material turnaround" in profits at Ladbrokes
12th Aug 2014 11:19
Numis Securities reiterated a 'hold' stance on shares of Ladbrokes on Tuesday after a broadly in-line first half, but said it expects a "material turnaround" in profitability at the UK bookmaker. Interim earnings before interest and tax (EBIT) fell 34% year-on-year to £56.8m due to poor industry-wi
Read moreLondon open: Stocks fall despite strong earnings, as geopolitics weigh
12th Aug 2014 09:00
- Investors watch Ukraine crisis amid 'aid mission' speculation - ZEW surveys in focus in Germany - Ladbrokes, Just Eat, Serco and SIG rise after results - Hargreaves Lansdown hit by comments from UBS techMARK 2,721.19 -0.23% FTSE 100 6,621.59 -0.17% FTSE 250 15,468.99 +0.05% UK stocks declined on
Read moreLondon pre-open: UK stocks to fall ahead of German data, geopolitics
12th Aug 2014 07:52
UK stocks were expected to open lower on Tuesday as investors eyed geopolitical developments in Ukraine and awaited key economic data from Germany. City sources predict the FTSE 100 will open around 10 points lower than Monday's close of 6,632.82. The index advanced 1% on Monday on the back of i
Read moreWorld Cup drives H1 revenue growth at Ladbrokes, but profits sink
12th Aug 2014 07:35
High street bookie Ladbrokes said it delivered on its key operational objectives in the first six months of 2014, after a good World Cup performance pushed revenues higher. Group net revenues totaled £589.3m in the half year to 30 June, up from £566.5m the year before, as strong growth in the Digit
Read moreTuesday preview: Ladbrokes, Serco report first half results
11th Aug 2014 15:35
Ladbrokes' chief executive Richard Glynn will need to show investors that his strategy to turn the British bookmaker around is working when the company reports its first half results on Tuesday. Glynn needs to prove that its new digital platform worked well through the World Cup and had helped the
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