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 moreMarston's to serve up full measure
3rd Oct 2012 07:21
Britain's soggy summer has not been able to knock pubs group and brewer Marston's off course, with the group saying underlying earnings per share will be in line with expectations. In its managed pubs estate, like-for-like sales in the year to September 29th were 2.2% ahead of last year, with like-
Read moreLondon midday: Stocks flat ahead of another busy week
10th Sep 2012 11:51
- Markets await German ruling on ESM and FOMC meeting - Trade data in China disappoints - Miners gain on hopes for QE The FTSE 100 was trading within a narrow range on Monday morning, with just 20 points between the intraday high and low, as investors continued to show caution ahead of what's likel
Read moreMonday broker round-up
10th Sep 2012 09:13
Barclays: UBS raises target from 205p to 235p, buy rating unchanged. Chariot Oil & Gas: Peel Hunt downgrades to sell, target cut from 150p to 40p; Merchant Securities downgrades to sell, target cut from 232p to 29p. Debenhams: Seymour Pierce raises target from 80p to 100p, hold rating kept. Euras
Read moreLondon pre-open: Stocks to ease after last week's rally
10th Sep 2012 07:28
City sources predict the FTSE 100 will open down 13 points from Friday's close of 5,795, easing back after last week's rally, which was prompted by hopes of more stimulus from the Federal Reserve after key non-farm payrolls data came in below expectations. The Federal Open Market Committee (FOMC) is
Read moreMarston's COO on pub crawl to M and B
10th Sep 2012 07:11
Alistair Darby, Chief Operating Officer of Pedigree bitter brewer Marston's, is off on a pub crawl of sorts, moving to rival pubs group Mitchells and Butlers to become Chief Executive. Peter Dalzell, Managing Director of Marston's Inns and Taverns, and Stephen Oliver, Managing Director of Marston's
Read moreMarston's growth slows as weather takes its toll
25th Jul 2012 08:45
Britain's miserable weather may have put a dampener on things but Marston's, the pub and brewing firm behind the Pitcher & Piano chain, said it continues to make progress across the business, with profitability in line with its expectations. In managed pubs, like-for-like (LFL) sales for the 42 wee
Read moreBroker snap: Nomura rates Restaurant Group, M&B and Marston's as buy
15th Jun 2012 11:29
In a research note published this morning analysts at Nomura comment that the pub sector has suffered from the perfect storm of long-term wet-led decline, short-term pressure on UK consumer spending and investor aversion to high leverage. For that reason they are cautious on the overall consumer en
Read moreLondon close: Stocks drop on Spanish worries
30th May 2012 16:32
- Spain in focus, bond yields surge - Eurozone economic sentiment slips - Miners fall on euro, Chinese concerns London's blue-chip index closed near its intraday low on Wednesday as ongoing concerns over the Eurozone, and particularly Spain, sank global equity markets. "Spain has taken centre sta
Read moreLondon midday: Surging Eurozone bond yields dent stocks
30th May 2012 11:31
- Bankia and Spain continue to weigh on sentiment - ECB denies interference - Chinese stimulus hopes fade Rising bond yields in the Eurozone periphery and fading hopes of further Chinese stimulus were weighing heavily on European stock markets on Wednesday; resources stocks and banks were heavy fal
Read moreLondon open: Stocks slip on concerns over China and Spain
30th May 2012 08:32
- Ex-div stocks, miners provide a drag - Hopes over Chinese stimulus fade - ECB rejects Spain's plan for Bankia After rumours of additional Chinese stimulus measures were quashed yesterday, the FTSE 100 sank in early trading on Wednesday, with resource companies among the worst performers; ex-divid
Read moreFriday tips round-up: National Grid, Marston's, Invensys
18th May 2012 06:58
Questor in the Telegraph still holds a candle for National Grid, which manages electricity transmission across the UK, while also having interests in the US. The big question is how much the power regulator Ofgem will let it charge its customers in the next regulatory period, but the firm generated
Read moreMarston's steps up to the plate
17th May 2012 11:46
Marston's, the pub and brewing firm behind the Pitcher & Piano chain, tasted impressive sales growth over the six months to the end of March as its food offering fed profits. Like-for-like (LFL) sales at its managed pub network were 3.6% higher than the same period in the prior year, with food lead
Read moreThursday preview: Marston's to demonstrate its pedigree
16th May 2012 16:58
Pubs group and brewer Marston's is expected to announce further steady progress in both its managed and leased estates when it issues interim results. As per usual, the like-for-like (LFL) sales numbers will be closely examined. At the time of its last update, in mid-March, the group said LFL sales
Read moreARM directors chip off hefty chunk of their shares
15th Mar 2012 14:44
Two members of the Executive Committee of ARM, the FTSE 100 chip designer, sold off a total of 150,000 shares, received as part of the firm's long term incentive plan, earlier this week. Tom Lantzsch, Executive Vice President of Corporate Development, sold 50,000 shares at 575p each and another 50,
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