Monday broker round-up UPDATE
18th Nov 2013 08:10
AGA Rangemaster: N+1 Singer raises its target price from 150p to 175p and keeps a buy recommendation. APR Energy: Jefferies cuts target price from 1300p to 1260p retaining a buy recommendation. Atkins (WS): LIberum Capital increases target price from 1300p to 1400p maintaining a buy recommendation
Read moreMITIE wins contract with Mitchells & Butlers
1st Oct 2013 09:21
Strategic outsourcing company MITIE has won a 38m pound waste management and cleaning contract with Mitchells & Butlers. The three-year contract will build on MITIE's existing relationship with the operator of restaurants and pubs in the UK. MITI will provide recycling and environmental services a
Read moreMitie buys criminal record checking firm
14th Aug 2013 09:09
Support service firm Mitie Group has bought criminal record checking service UK CRBs from its management for an undisclosed sum. Mitie plans to merge UK CRBs, one of Britain's largest providers of online criminal record checking services, into its existing staff screening product PeopleCert. The g
Read moreLondon midday: Markets fall on low volumes, Japan data
12th Aug 2013 11:52
In spite of a decent start, the FTSE 100 had swung into the red by Monday lunchtime, with analysts citing low volumes and weaker-than-expected economic data from Japan. Asian markets were mixed overnight with Chinese benchmarks performing well on an improved outlook in China, while Tokyo's Nikkei w
Read moreLondon open: Miners, RBS lead markets higher early on
12th Aug 2013 08:17
Markets edged higher in early trading on Monday as stocks reacted to an improving outlook in China and shrugged off disappointing economic figures from Japan. Sentiment surrounding China brightened last week as better-than-expected trade figures, strong industrial production data and subdued inflat
Read moreLondon pre-open: Gains expected early on despite Japan data
12th Aug 2013 07:41
Markets are expected to open with moderate gains on Monday morning as markets continue to digest improving data from China and shrug off disappointment from Japan. Lee Mumford, Financial Sales Trader at Spreadex said that stock futures were indicating a higher open in Europe, "tracking gains in Asi
Read moreMITIE Group expects organic growth this year
12th Aug 2013 07:05
MITIE Group said the outsourcing company was well placed to achieve "good levels" of organic growth this financial year. In a trading update for the period from April 1st to date, the firm reported a positive start to the year, driven by strong performance in the facilities management division. A
Read moreMitie invests in two new businesses
5th Jul 2013 16:24
Outsourcing group Mitie has agreed to invest 1.2m pounds in one existing business and one new start-up. Both subsidiaries will be set up as 'Mitie Model' businesses, with Mitie stands for Management Incentive Through Investment Equity, with management taking a significant equity stake in each of th
Read moreWednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read moreBroker snap: HSBC downgrades Serco, sees muted growth for outsourcers
4th Jun 2013 10:05
HSBC has retained its cautious view on UK public-sector outsourcers and has downgraded its rating for Serco from 'neutral' to 'underweight'. In a sector review, the broker said that the overall level of public-sector contract awards over the past six months has been "weak" and its analysis suggests
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreWednesday broker round-up UPDATE
22nd May 2013 09:37
Afferro Mining: Panmure Gordon reduces target price from 279p to 100p, while keeping its buy recommendation. Amara Mining: Westhouse Securities cuts target price from 110p to 90p retaining a buy recommendation. Amlin: Westhouse Securities moves target price from 455p to 470p and upgrades to add.
Read moreLondon pre-open: FTSE set to race past 2007 highs after strong finish in US
20th May 2013 07:25
City sources predict the FTSE 100 will open up 19 points from Friday's close of 6,723, which would see it jump past 2007 highs of 6,732 after the US Dow Jones and S&P 500 benchmarks reached fresh record closing prices at the end of last week. Driving Friday's gains was better-than-expected data, in
Read moreMITIE boosted by move into healthcare
20th May 2013 07:08
MITIE Group, the FTSE 250 facilities, property and energy management firm, met headline profit forecasts with its full-year report on Monday, though statutory results were hit by an increase in one-off items as the company underwent a restructuring and made it first move into the healthcare market.
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read more