London close: Stocks end lower on lacklustre UK GDP
28th Jan 2016 16:07
(ShareCast News) - London stocks ended lower on Thursday after uninspiring UK fourth quarter economic growth data. The Office for National Statistics said UK gross domestic product rose 0.5% quarter-on-quarter in the final three months of 2015, up from 0.4% in the third quarter, as expected by analy
Read moreFTSE 250 movers: Oil stocks surge as crude prices rise
28th Jan 2016 14:43
(ShareCast News) - The FTSE 250 was back in the red by mid-afternoon on Thursday, down 12.76 points (0.08%) to 16,268.22. Melrose Industries was the biggest faller after it returned around £2.4bn in cash back to shareholders. The company gave 240p for each share held after the £3.3bn disposal of its
Read moreMelrose Industries could join Philips lighting auction - report
12th Jan 2016 12:15
(ShareCast News) - Melrose Industries has begun running the rule over the £4bn lighting arm of Dutch electronics giant Philips, which would represent the group's largest purchase to date, Sky News reported, citing an unnamed source. The FTSE 250 company, which operates an acquisition strategy it cal
Read moreMelrose to return £2.4bn to shareholders following Elster disposal
29th Dec 2015 12:27
(ShareCast News) - Melrose Industries said it has completed the £3.3bn disposal of its Elster business to Honeywell International and announced the proposed return of around £2.4bn in cash to shareholders, equivalent to 240p per ordinary share. Melrose agreed the disposal with Honeywell in July and
Read moreWednesday newspaper share tips: Betting on Betfair; trusting Melrose's management
7th Oct 2015 11:04
(ShareCast News) - At what point do you cash out when betting? Do you take an early gain and take the profits? Or do you stay in for the long haul, hoping for a bigger return? That's the essence of today's tip in The Times' Tempus column after two of Betfair's significant shareholders sold a large c
Read moreCharles Stanley cuts Melrose Industries to 'reduce' and suggests short term exit
12th Aug 2015 15:58
(ShareCast News) - Charles Stanley reduced its rating for Melrose Industries, and suggested investors pull out for the short term. The brokerage set a 12 month price range for the stock of 238-307p, from a 281.4p target in March. Analyst Rae Ellingham said Charles Stanley still sees value in the in
Read moreExane downgrades Melrose, expresses disappointment over Elster sale
30th Jul 2015 14:56
(ShareCast News) - Exane BNP Paribas downgraded Melrose Industries to 'neutral' from 'outperform' with an unchanged price target of 285p following news of the company's disposal on Wednesday. Exane said Melrose's sales of its Elster business to Honeywell International for a cash consideration of £3.
Read moreLondon close: Investors play it safe ahead of Fed meeting
28th Jul 2015 17:56
(ShareCast News) - The selling pressure let up ahead of the start of a two-day policy meeting from the US Federal Reserve, with some investors braced in case the post-meeting statement sprang any surprises. The FTSE 100 finished the session higher by 0.77% to the 6,555.28 mark, alongside a similar b
Read moreFTSE 250 movers: Virgin Money leads index, Saga hit by Acromas sale
28th Jul 2015 14:38
(ShareCast News) - The FTSE 250 index started strongly on Tuesday morning and held steady through the afternoon, led by encouraging results from several UK companies. London's second-line index was up 0.77% at 17,400.05 by 15:10 on Tuesday afternoon. Virgin Money's shares were the strongest perform
Read moreLondon open: Stocks bounce even as analysts warn on emerging markets
28th Jul 2015 09:42
(ShareCast News) - The selling pressure on stocks abated as investors waited on the US Federal Reserve's policy announcement on Wednesday, but worries regarding the outlook for China, Greece and the possibility of interest rate increases were still very much on investors' minds. As of 08:47 the FTSE
Read moreMelrose surges on Elster disposal, plans to return over £2bn to shareholders
28th Jul 2015 08:47
(ShareCast News) - Melrose Industries rocketed 11% after saying it has entered into an agreement to dispose of its Elster business to Honeywell International for a cash consideration of £3.3bn and announcing plans to return over £2bn to shareholders. The company said the consideration is payable in
Read moreBroker tips: Melrose, Cairn Energy, Vodafone
24th Jul 2015 13:44
(ShareCast News) - Numis upgraded Melrose Industries to 'add' from 'hold', keeping the target price at 290p saying upside should come from the next meaningful acquisition. "We estimate that a major purchase could add over 10% to earnings, leaving the shares trading at a discount to peers, with poten
Read moreNumis upgrades Melrose to 'add'; says deal is key
24th Jul 2015 13:19
(ShareCast News) - Numis upgraded Melrose Industries to 'add' from 'hold', keeping the target price at 290p saying upside should come from the next meaningful acquisition. "We estimate that a major purchase could add over 10% to earnings, leaving the shares trading at a discount to peers, with poten
Read moreUBS downgrades engineers Morgan and Spectris on margin gloom, upgrades Melrose
3rd Jun 2015 09:25
Shares in engineers were moved markedly by a short but gloomy note on the sector from UBS on Wednesday that said "margins have peaked", with only Melrose Industries receiving an upgrade. The Swiss bank's ratings on Melrose was lifted to 'buy' from 'neutral', as it downgraded both well-loved Spectris
Read moreWednesday broker round-up
3rd Jun 2015 08:41
Tesco: JP Morgan retains underweight, lowers price target to 175p from 185p. Amec Foster Wheeler: JP Morgan maintains overweight and 905p target. Bellway: JP Morgan raises target to 2,575p from 1,150p and reiterates overweight. Barratt Developments: JP Morgan lifts target to 650p from 550p and ove
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