Director dealings: Mitie CEO-elect Bentley spends £3.6m on shares
22nd Nov 2016 13:38
(ShareCast News) - New Mitie boss Phil Bentley, who takes over from Ruby McGregor-Smith next month, splashed the cash to lift the embattled facilities management group's shares sharply on Tuesday. Bentley, who led turnarounds at Cable & Wireless and British Gas, bought £3.6m worth of shares in a bal
Read moreFTSE 250 movers: Up day for midcaps led by Rotork, BGEO and Mitie
22nd Nov 2016 13:35
(ShareCast News) - The FTSE 250 index joined the rest of the markets in an up-day on Tuesday, rising 0.93% to just shy of 17,700 by late afternoon led by rises in Rotork, BGEO and Mitie. Leading the rise was actuator maker Rotork as it let markets know that it expected full year sales will be toward
Read moreBroker tips: European recruiters, Mitie, WS Atkins
21st Nov 2016 15:01
(ShareCast News) - HSBC upgraded staffing groups Page, Hays and SThree to 'buy' ratings as the sector is seen as a key beneficiary of impending inflation. Trading down at the low end of where they would expect to be in the cycle compared to industrial stocks, HSBC said recruiters are cheaper relativ
Read moreCanaccord downgrades MITIE, slashes target price
21st Nov 2016 11:01
(ShareCast News) - Any major collapse in MITIE´s share price would provide a longer-term opportunity, but shorter-term there were various uncertainties which needed to be resolved, Cannacord Genuity said. The company´s Facilities Management business was still attractive, and opportunities were still
Read moreMitie delivers another profit warning, exits care business
21st Nov 2016 07:54
(ShareCast News) - As well as reporting a slide into losses in the first half and cutting its dividend, facilities management group Mitie said the second half should see an improvement but the full year turnout will still fall short of expectations. The FTSE 250-listed company has taken the decision
Read moreSunday newspaper tips: Mitie, Majestic Wine, Wincanton
20th Nov 2016 13:46
(ShareCast News) - Sell shares in Mitie, said the Sunday Times' Inside the City column, though there's no time to do this before Monday's likely "ugly" set of interim numbers. Outgoing boss Ruby McGregor-Smith, who will step down next month, warned on profits and the half-time report may see further
Read moreBroker tips: Mitie, Electrocomponents, Anglo American
16th Nov 2016 15:17
(ShareCast News) - RBC Capital Markets downgraded outsourcing company Mitie 'underperform' from 'sector perform' and cut the price target to 160p from 195p ahead of first-half results. "We already know H1 will not be good. However, the key question is whether the trading and outlook has improved. "
Read moreFTSE 250 movers: Vedanta gains on outlook for zinc, Ocado loses out on Amazon deal
16th Nov 2016 15:17
(ShareCast News) - The FTSE 250 index was down 0.48% at 17,488.87 at 1604 GMT on Wednesday. Goldman Sachs upgraded Vedanta Resources from 'Neutral' to 'Buy', raised its price target from 450p to 1,300p and added it to their Conviction List, sending its shares up. The bank believes the price of zinc
Read moreMitie slumps on RBC Capital downgrade
16th Nov 2016 08:41
(ShareCast News) - Shares in outsourcing company Mitie were under the cosh on Wednesday as RBC Capital Markets downgraded its stance on the stock to 'underperform' from 'sector perform' and cut the price target to 160p from 195p ahead of first-half results. "We already know H1 will not be good. Howe
Read moreMitie secures new facilities management contract
17th Oct 2016 14:18
(ShareCast News) - FTSE 250 outsourcer Mitie has been awarded a new five-year facilities management (FM) contract worth more than £60m with Manchester Airports Group (MAG), consolidating FM services across three airports into one integrated contract. Mitie has been providing services for Manchester
Read moreBroker tips: United Utilities, Prudential, service sector
13th Oct 2016 13:50
(ShareCast News) - United Utilities got a boost on Thursday as Societe Generale upgraded the stock to 'buy' from 'hold', noting that recent share price weakness now implies a total shareholder return of 18%. The stock has underperformed the FTSE 100 by 11% since the 2 October Tory Party conference.
Read moreThursday broker round-up
13th Oct 2016 13:43
(ShareCast News) - Ted Baker: Goldman Sachs keeps at buy with a target price of 3140p. Brown N: HSBC reiterates hold, 205p target. MITIE: Citigroup keeps at neutral with a 280p target. Prudential: Societe Generale reiterates outperform with a 1250p target. Astrazeneca: Jefferies keeps at buy with
Read moreRBC Capital shifts ratings on business services sector stocks
13th Oct 2016 12:48
(ShareCast News) - RBC Capital Markets initiated coverage of several stocks and changed its recommendations as it took a look at the business services sector. The bank started Ashtead at 'outperform' with a 1,580p price target, saying it sees a robust US market, while the branch rollout and discipli
Read moreMitie appoints Phil Bentley as CEO
10th Oct 2016 07:25
(ShareCast News) - FTSE 250 outsourcer Mitie said on Monday that chief executive officer Ruby McGregor-Smith will down on 12 December and be succeeded by Phil Bentley. The company said McGregor-Smith, who has been CEO since April 2007, will work closely with Bentley to ensure an effective transition
Read moreInvestec downgrades Mitie on uncertain outlook
27th Sep 2016 10:49
(ShareCast News) - Investec downgraded Mitie to 'hold' from 'buy' and slashed the price target to 188p from 360p as it pointed to the outsourcer's uncertain outlook. In the company's trading update on 19 September, it significantly downgraded its interim and full-year outlook, without giving quantit
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