Sunday newspaper round-up: Barclays, Carillion-Balfour, Ofgem
10th Aug 2014 18:30
Rona Fairhead, the former boss of the Financial Times, and Howard Davies, the ex-chief City regulator, are the two leading candidates to chair Barclays, the Sunday Times reported. Fairhead ran the FT for seven years and is a non-executive director at HSBC. Davies is the Government's favourite troubl
Read moreTuesday broker round-up UPDATE
29th Jul 2014 09:37
Abderdeen Asset Management: Berenberg cuts target price from 530p to 510p and maintains a buy recommendation. African Barrick Gold: Numis takes target price from 260p to 330p upgrading from hold to buy. Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold
Read moreFriday broker round-up UPDATE
4th Jul 2014 12:12
Antofagasta: Morgan Stanley upgrades from underweight to equal-weight with a target price of 750p. AVEVA: Societe Generale initiates with a target price of 2650p and a buy recommendation. Balfour Beatty: Westhouse Securities cuts target price from 220p to 183p downgrading from neutral to sell. RBC
Read moreLadbrokes extends bank facilities
16th Jun 2014 13:24
Ladbrokes has completed its balance sheet re-financing by extending the maturity on £350m of its previous £540m in bank facilities, which were due to expire in 2016, to June of 2019. The re-financing comes after the group last month launched a £100m 5.125% retail bond with an 8.25 year maturity. Th
Read moreBT directors build stakes, Trinity Mirror makes show of faith
20th May 2014 15:52
Five BT board members last week each acquired 486 shares under its Equiniti share plan, it was announced Monday. Those purchasing shares included Chairman Sir Michael Rake and Chief Executive Officer Gavin Patterson. All of the shares were bought for 370.25p each. The announcement comes one day
Read moreFriday broker round-up UPDATE
16th May 2014 08:23
Ashcourt Rowan: N+1 Singer initiates with a target price of 231p and a buy recommendation. Bioquell: N+1 Singer cuts target price from 157p to 112p and downgrades to hold. Boohoo.com: Jefferies initiates with a target price of 68p and a buy recommendation. Capital & Regional: Numis upgrades from
Read moreBetting terminal recommendations not as bad as feared
1st May 2014 15:46
The government has unveiled its report into the high street gambling industry and fixed-odds betting terminals (FOBTs) - and the results are not as bad as feared for bookmakers. The main recommendations from the Department for Media, Conservation and Sport (DMCS) report is to give local councils n
Read moreThursday newspaper round-up: Zero-hour contracts, The City, Channel 5
1st May 2014 07:21
The number of workers on zero-hours contracts has almost tripled to 1.4m since last year's estimate, according to official data on Wednesday that piled pressure on Vince Cable, the business secretary, to provide more safeguards for workers with no guaranteed minimum hours or pay. More than one in 10
Read moreLadbrokes impresses despite 50 per cent profits fall
30th Apr 2014 15:22
Betting shop operator Ladbrokes delivered first-quarter results in line with recently lowered expectations due to tough industry-wide football and horseracing betting conditions. Group operating profit of £18.4m was down 51% on the same period in 2013 but consistent with full-year 2014 guidance iss
Read moreFTSE 250 movers: Heritage Oil climbs on takeover offer news
30th Apr 2014 15:03
The share price of Heritage Oil surged today after the company announced that it had received a takeover offer from Energy Investments Global, part of Qatar's Al Mirqab Capital. The company also reported its full-year results which unveiled that profits doubled in 2013 on the back of record producti
Read moreFTSE 250 movers: Al Noor rises on in-line revenue jump
28th Apr 2014 15:15
Al Noor Hospitals, which operates medical facilities in Abu Dhabi, jumped into the top spot after it said it traded in line with expectations in the first quarter with revenues rising by a quarter. Revenues totalled $111.6m in the three months to March 31st, up 24.7% on the year before. During the
Read moreSunday newspaper round-up: Premier Oil, Bookmakers, Friends Life
27th Apr 2014 10:08
Premier Oil has rejected two takeover approaches from Ophir Energy, the Sunday Times reported. The most recent proposal by Ophir was an all-share deal that was unanimously rejected by Premier's board two weeks ago. The companies are likely to inform the market about the talks on April 28th following
Read moreSunday share tips: Severn Trent, Ladbrokes, Lloyds Banking
27th Apr 2014 08:35
Severn Trent investors have reasons to be annoyed after the water company's performance since rejecting a takeover bid, Danny Fortson argued in the Sunday Times. In his Inside the City column, Fortson said Severn's shares are almost a fifth lower than the 22 pounds offered by overseas investors a ye
Read moreBroker tips: Fresnillo, WH Smith, Cairn Energy, Gambling stocks
11th Apr 2014 12:27
JPMorgan Cazenove has lifted its price target for Fresnillo from 965p to 1,030p and kept an 'overweight' rating, saying it continues to favour the Mexican precious metals producer over sector peer Hochschild ('neutral'). "We estimate Fresnillo should continue to enjoy lower average costs, aided by
Read moreJPMorgan lowers targets for gambling stocks on regulatory risks
11th Apr 2014 09:42
It's hard to see any positive catalysts in the European gambling sector, according to JPMorgan Cazenove, which retained its cautious stance on stocks in light of regulatory risks. JPMorgan lowered its price targets for the majority of gambling stocks under its coverage. The bank said that despite
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