Thursday tips round-up: TSB, Virgin,Marston's
9th Oct 2014 07:21
The long list of challenger banks, both those who have recently floated as well as those which are waiting in the wings to do so, enjoy some important advantages over their big four rivals (HSBC, Barclays, Lloyds, RBS). Namely, they lack the legacy problems which are dogging their competitors and th
Read moreLondon pre-open: FTSE to slide after heavy declines in Asia and US overnight
8th Oct 2014 07:43
Tracking the losses seen in both Asia and the States overnight, the FTSE will open Wednesday's session in the red, as markets digest the International Monetary Fund's (IMF) downgrade for global growth and notably poor data from Germany. City sources predict the FTSE 100 will open around 27 points lo
Read moreMarston's making progress despite Q4 slowdown
8th Oct 2014 07:13
Pub operator and brewing group Marston's reported a slight slowdown in its fourth quarter but said it has made "steady progress" over the year, as it continues to dispose of pubs and convert others to franchise. In a pre-close trading update, Marston's said its destination and premium division, whic
Read moreWednesday preview: Fed minutes firmly in focus
7th Oct 2014 17:17
The economic calendar for the Wednesday session is rather sparse, but contains what is perhaps the main risk event of the week, the release of the minutes of the most recent Fed policy meeting. Whereas most economists have shifted their forecasts for the first rise in the Fed funds rate towards the
Read moreFTSE 250 movers: Bank of Georgia rises on medium-term outlook
5th Sep 2014 13:59
Bank of Georgia Holdings rose after it updated investors on its medium-term strategic goals, saying it would continue to focus on the Georgian market. It said that it expects that its strategy will continue to target over the medium term to deliver a return on average equity of 20%, customer lending
Read moreSunday newspaper round-up: Mark Carney, Carillion-Balfour, Tesco
17th Aug 2014 15:49
The UK economy is more than halfway to full recovery, the Governor of the Bank of England (BoE) told the Sunday Times. Mark Carney, in an interview marking the first anniversary of his forward guidance policy, told the paper economic expansion was proceeding and that momentum was more assured. "Wher
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
Read moreMarston's third quarter growth slows in face of tough comparatives
24th Jul 2014 09:50
- LFL sales in Q3 up 1.3% - LFL sales in 41 weeks up 4.1% - Neutral World Cup effect Like-for-like sales frothed higher at Marston's in the third quarter, but at a slower pace, as had been expected due to very tough comparative numbers the prior year. With a broadly neutral effect from the World
Read moreXaar's R&D Director builds stake following lower profit guidance
25th Jun 2014 15:50
Ramon Borrell, the Research & Development (R&D) Director of FTSE 250 member Xaar, continued to build his stake in the inkjet printheads supplier with the purchase of 40,000 shares. The deal comes just days after the company lowered its guidance for full-year revenues and profit margin, saying the
Read moreFriday newspaper round-up: Marston's, Aviva
16th May 2014 07:31
The economic recovery has made it to the country's pubs. Unlike some of the other big operators Marston's does not enjoy the benefit of a southeast bias. Nevertheless, it saw first half sales at its taverns rise by 3.8 per cent, apparently as a result of a genuine economic recovery, while its food d
Read moreJPMorgan more optmistic on UK pubs, upgrades Mitchells & Butlers
3rd Apr 2014 11:29
JPMorgan Cazenove has lifted its recommendation for Mitchells & Butlers from 'neutral' to 'overweight', saying that it is taking a more positive view on the UK pubs and restaurants sector. The Asda tracker of UK discretionary income was up 3% in February, representing the strongest growth for over
Read moreThursday broker round-up UPDATE
3rd Apr 2014 09:05
Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig
Read moreFriday broker round-up UPDATE
7th Feb 2014 09:30
Acal: N+1 Singer initiates with a target price of 380p and a buy recommendation. AstraZeneca: Societe Generale ups target price from 3030p to 3126p, but still recommends selling. Barratt Developments: Deutsche Bank raises target price from 394p to 480p keeping a buy recommendation. Beazley: Canac
Read moreThursday broker round-up UPDATE
6th Feb 2014 09:23
ARM Holdings: HSBC reduces target price from 1120p to 1080p and stays with its overweight rating. Avon Rubber: WH Ireland raises target price from 650p to 765p and stays with its buy recommendation. Balfour Beatty: Liberum Capital ups target price from 300p to 350p retaining its buy recommendation
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
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