Wednesday broker round-up UPDATE
12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreMears Group profit before tax rise 21%, analysts pleased
19th Aug 2014 13:36
Mears Group saw an improvement in most of its financial metrics in the six months to June, although some analysts did note the "quieter" order intake. The UK provider of support services to the social housing and care sectors reported 21% growth in interim profit before tax, from £15.5m to £18.7m,
Read moreLondon pre-open: FTSE to drop on Tesco Q1 result, Queen speech, PMIs
4th Jun 2014 07:40
A disappointing result from Tesco, the Queen's speech at the opening of Parliament and expectations of services data are all set to push blue chips into the red at this morning's opening bell. City sources predict the FTSE 100 will open around six points lower than yesterday's close of 6,836.30.
Read moreMears trading well with £3.8bn order book
4th Jun 2014 07:23
Support services group Mears reported strong trading and said it had a good view of business over the next couple of years. Mears, which provides social housing and care services to local councils and others, won contracts since January 1st of more than £110m, giving it an order book of £3.8bn. Th
Read moreMears says new business slows but trading in line
19th May 2014 08:10
Support services company Mears Group said the flow of potential new business had slowed down, but trading early in the year had matched expectations. The group, which provides services to the social housing and care industries, said the speed of new opportunities in social housing had been slower
Read moreEx-Asos man Williams dips in on arrival at Rightmove
19th Mar 2014 15:57
Peter Williams, a new non-executive director at property website Rightmove, has made a significant statement about his confidence in the company with a 99,463 pounds purchase of shares just over a month after his appointment. Williams filled a similar independent role at online retailer Asos for ei
Read moreMears Group achieves record annual revenue
18th Mar 2014 10:28
Mears Group achieved record annual revenue as the provider of services to UK social housing and care sectors secured new contract wins. The company reported revenue of £898.2m in the year through December 2013, up 32% on the previous year, which helped lift pre-tax profit by 26% to £36.6m. The gr
Read moreTuesday broker round-up UPDATE
18th Mar 2014 08:58
Antofagasta: Investec places its target price (prev.: 753p) under review, while leaving its sell recommendation unchanged. Ashtead Group: Credit Suisse raises target price from 1000p to 1100p and stays with its outperform rating. UBS increases target price from 875p to 1020p retaining its buy recom
Read moreFriday broker round-up UPDATE
14th Mar 2014 09:07
Barclays: Nomura reduces target price from 305p to 285p staying with its buy recommendation. Investec lowers target price from 305p to 295p and keeps its buy recommendation. Ferrexpo: Westhouse Securities increases target price from 190p to 220p and reiterates a buy recommendation. F&C Asset Manag
Read moreMears on track to meet full-year targets
14th Jan 2014 08:46
- On track to meet full-year targets - Strong revenue visibility, order book and the bid pipeline - Extended its existing revolving credit facility Housing repairs and maintenance provider Mears said it expects results for the full year to December 31st 2013 to be in line with management expectati
Read moreTuesday broker round-up
14th Jan 2014 08:02
AMEC: Nomura ups target price from 1230p to 1280p and retains a buy recommendation. Amerisur Resources: Investec shifts target price from 73p to 75p and keeps a buy recommendation. AVEVA: Investec increases target price from 2500p to 2900p upgrading from hold to buy. BHP Billiton: JP Morgan raise
Read moreGalliford and Mears cheered by Manchester Brunswick deal
18th Dec 2013 14:23
A consortium containing housebuilding and construction group Galliford Try has reached financial close with Manchester City Council for the regeneration of the Brunswick regeneration scheme in the east of the city. The S4B partnership, which contains infrastructure investor Equitix, Galliford and
Read moreMears to dispose of HMEL business
5th Nov 2013 12:36
Mears, a housing repairs and maintenance provider, has agreed to sell its subsidiary, HMEL, to a specially created acquisition vehicle, Curzon 3003, which is owned and controlled by key HMEL management personnel. Mears will sell HMEL for an initial £1, receiving a deferred consideration of up to £
Read moreSIG CEO shows faith with share purchase
19th Aug 2013 16:16
Stuart Mitchell, the Chief Executive at building materials group SIG, has purchased 53,000 shares just a few days after the company posted a decline in first half underlying pre-tax profit. Mitchell bought the shares at 180.00p a time, costing him a total of £95,400. Speaking last week, he said
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