Tuesday broker round-up
27th Sep 2016 13:05
(ShareCast News) - Vodafone: HSBC reiterates buy with a target price of 280p. Melrose: UBS upgrades to buy, 200p target. Marks & Spencer: Deutsche Bank keeps at hold with a 350p target. Shire: Berenberg reiterates buy with a 5800p target. Next: Deutsche Bank keeps at buy with a 5950p target. Llo
Read moreDirectors dealings: Melrose director picks up shares in buy-out specialist
2nd Sep 2016 18:19
(ShareCast News) - Melrose Industries´s non-executive director David Lis picked up a large chunk of shares in the London-listed buy-out specialist, the company said in a statement. Lis bought three tranches of stock on 2 September, numbering 100,000, 23,000 and 3,500 shares each, giving him a 0.023%
Read moreTuesday broker round-up
9th Aug 2016 12:42
(ShareCast News) - Aviva: Goldman Sachs reiterates buy with a target price of 480p. Antofagasta: RBC maintains sector perform with a 500p target. Informa: Numis reiterates buy with a 845p target. Astrazeneca: JP Morgan stays at neutral with a 4900p target. Topps Tiles: Berenberg reiterates hold w
Read moreMelrose takeover of Nortek another step closer
8th Aug 2016 07:34
(ShareCast News) - Melrose Industries announced on Monday that on 6 August, the so-called "window shop period" in respect of its takeover proposal for Nortek expired, without Nortek having received a superior proposal. The FTSE 250 firm also confirmed that all antitrust conditions in relation to the
Read moreMelrose Industries slides in first half as it snaps up Nortek
28th Jul 2016 12:37
(ShareCast News) - Melrose Industries posted its interim results for the six months to 30 June on Thursday, reiterating that Brush was performing in line with expectations in a "tough market". The FTSE 250 firm's headline operating profit was £3.9m, down from £5.9m a year ago. Total revenue at Brus
Read moreMelrose sees better second half from Brush
28th Jul 2016 12:26
(ShareCast News) - Manufacturing investment turnaround firm Melrose Industries said the challenging end market conditions experienced by turbogenerator maker Brush during 2015 had continued into 2016 as it reported an interim headline operating profit of £3.9m compared with £5.9m last year. Revenues
Read moreMelrose clears US anti-trust conditions for Nortek deal
15th Jul 2016 07:39
(ShareCast News) - Melrose Industries said all US anti-trust conditions in relation to its $1.4bn tender offer for Nortek had been satisfied. The deal was announced on 6 July, with the proposed offer price of $86 per share valued Nortek's shares at $1.436bn (£1.1bn) and the entire enterprise includi
Read moreMelrose Industries swoops for $2.2bn Nortek's US residential access
6th Jul 2016 07:20
(ShareCast News) - Melrose Industries has agreed to acquire US air conditioning and security technology group Nortek for $1.44bn in cash, funded by a proposed £1.61bn issue of new shares. Due to the size of the deal, where the proposed offer price of $86 per share values Nortek's shares at $1.436
Read moreITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
20th Jun 2016 09:25
(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal
Read moreFTSE quarterly review confirms raft of changes to 100 and 250 indices
2nd Jun 2016 08:00
(ShareCast News) - Hikma Pharmaceuticals' promotion to the FTSE 100 index was confirmed after the latest quarterly review was announced overnight, while demoted blue chip Inmarsat was joined in the FTSE 250 by three recently floated finance groups CYBG, CMC Markets and Metro Bank plus several others
Read moreUBS downgrades Melrose following strong performance
26th May 2016 11:03
(ShareCast News) - UBS downgraded Melrose Industries to 'neutral' from 'buy' with an unchanged price target of 385p following the recent strong performance, saying the next deal is more reflected in the price. The Swiss bank noted Melrose is up 33% year-to-date, outperforming its UK engineering cove
Read moreBroker tips: Barclays, Melrose, Electrocomponents
26th May 2016 08:23
(ShareCast News) - Exane BNP Paribas upgraded Barclays to 'outperform' from 'neutral' and lifted the price target 19% to 220p, having already upped the stock two weeks ago, saying things were looking brighter and the fog is lifting. Exane said Barclays' decision to cut the dividend and sell the Afri
Read moreMelrose says everything's fine in very short update
11th May 2016 12:31
(ShareCast News) - The board of Melrose Industries released a trading statement so short it could fit into two tweets on Wednesday, in an apparent bid to reassure investors that everything was chugging along nicely. It said current trading in 2016 is in line with expectations, with Brush performing
Read moreTuesday broker round-up
8th Mar 2016 14:42
(ShareCast News) - South32: HBSC upgrades to buy with a target price of 85p. Capital & Counties Properties: Exane BNP Paribas downgrades to underperform. 348P target. Admiral Group: Nomura upgrades to buy with a target price of 2325p. Millennium & Copthorne Hotels: Berenberg downgrades to sell wit
Read moreShrunken Melrose solid after further disposals
3rd Mar 2016 09:45
(ShareCast News) - A much smaller Melrose Industries was looking solid on Thursday, as it reported on a year in which it disposed of its largest operating business and distributed the proceeds on the sale of another. The FTSE 250 firm reported headline operating profit of £20.8m, down from £47.7m in
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