Wednesday broker round-up UPDATE
29th Jan 2014 08:54
African Barrick Gold: Canaccord Genuity ups target price from 180p to 205p keeping a hold recommendation. Antofagasta: Westhouse Securities takes target price from 1000p to 1060p and maintains its buy recommendation. BG Group: Liberum Capital reduces target price from 1475p to 1280p downgrading to
Read moreEntertainment One Film President continues sale, Empresaria builds stake
10th Dec 2013 16:17
Patrice Theroux, the President of Film at Entertainment One, has reduced his stake in the entertainment company with the sale of 259,538 shares. The shares were traded in at 239.25p a time for a total value of £620,945. The transaction followed two other share sales of 665,462 at 240.1p on Decemb
Read moreTelecity chief shows faith in the company
5th Nov 2012 16:47
Telecity's Chief Executive Officer has bought shares in the company in a bid to show his confidence in the company's new Finnish acquisition, which on Monday proved decidedly unpopular, with shares dropping almost nine per cent. Michael Tobin made the modest purchase of 2,000 at 843.60p. The £16,8
Read moredotDigital directors sell to satisfy institutional demand
29th Oct 2012 15:56
Three directors at dotDigital, which provides digital software services to marketing professionals, have each sold four million shares in the company to partially satisfy demand for 22m shares from 'a major institution', at a price of 13p each. Chief Executive and Finance Director Peter Simmonds c
Read moreDevro Chairman buys up despite profit warning
22nd Oct 2012 16:28
Steve Hannam, the Chairman of FTSE 250 sausage casing supplier Devro, has added to 12,594 shares to his and his wife's stake in the company on the same day the company warned that full-year operating profits will be slightly below expectations, although still ahead of last year. Hannam purchased t
Read moreSunday share tips: Randgold, MP Evans, Ocado
16th Sep 2012 18:07
Randgold Resources is the largest listed gold miner in the UK. The company is exploring in Burkina Faso, Côte d'Ivoire, DRC, Mali and Senegal. As well, Mark Bristow, its South African chief executive, has also said he would be interested in M&A. This is because valuations of smaller gold miners have
Read moreM.P. Evans seeing bumper palm-oil crop
14th Sep 2012 11:13
The palm oil and beef producer M.P. Evans has seen profits hit by a reduction in beef prices but the palm oil operation is seeing productivity surge. Evans's livestock division is based in Australia and has been hit a by a fall in prices for beef since the highs of late 2011. The herd at the fatte
Read moreFriday preview: JD Wetherspoon up against soft comparatives
13th Sep 2012 17:53
Pubs group JD Wetherspoon announces full-year results, but of greater interest will be the update on trading in the first six weeks of the current year. Although the weather has not been kind to pubs this summer, the group is going up against relatively soft comparatives from a year earlier, when l
Read moreOcado non-exec invests after share price declines further
9th Jul 2012 16:25
Douglas McCallum, a Non-Executive Director of Ocado, has purchased a round of 68,000 shares in the company less than two weeks after the online grocer said the third quarter was particularly hard to forecast due to a combination of the Jubilee and the Olympics. McCallum handed over £49,654 for the
Read moreWeir Director boosts stake with 3,500 shares
19th Jun 2012 16:36
John Mogford, an independent non-executive director of engineering giant Weir Group, purchased 3,500 ordinary shares on Monday at 1,454p a pop. The £50,890 purchase, which took Mogford's total holding in the company to 11,481 shares, came just one day before the company reconfirmed its full-year g
Read moreWednesday tips round-up: International Power and MP Evans
18th Apr 2012 06:57
The Telegraph's Questor column says that the time has now come for International Power to sell the remaining 30 per cent stake to majority shareholder GDF SUEZ. While the recent bid of 390p a share failed to gain approval from Int'l Power's board, the new 418p-a-share prices has now bee recommended
Read moreMP Evans beefs up profits
17th Apr 2012 09:10
MP Evans, the producer of Indonesian palm oil and Australian beef cattle, brought new plantations on stream just in time last year to take advantage of historically high palm oil prices. Profit before tax in 2011 rose 62% to $39.7m from $24.45m in 2010. Earnings per share increased to 66.39 cents f
Read moreAlumasc CEO builds stake as shares tank
16th Feb 2012 15:44
Paul Hooper, group Chief Executive at Alumasc, a building and engineering products company, has acquired over 37,000 shares in the firm on the same day the firm admitted that full year results will be materially below previous expectations. The company attributed this to margin pressures had overs
Read moreThursday tips round-up: Millennium & Copthorne, Hargreaves Services, Quadrise
15th Sep 2011 06:31
Millennium & Copthorne hasn't had the easiest of rides in recent weeks. A glance at the company's interim management statement in early August doesn't go very far in explaining the slump. The update showed that pre-tax profits in the second quarter were up more than 90%. The company's strengths - an
Read moreMP Evans bullish on palm oil prices
14th Sep 2011 14:52
Strong commodity prices helped MP Evans, which produces palm oil in Indonesia and beef cattle in Australia, post a sharp rise in profits in the six months to 30 June. Profits climbed to $22.36m from $12.04m over the same period the previous year. The company lifted its interim dividend to 2.25p a s
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