Wednesday broker round-up
21st Sep 2016 10:57
(ShareCast News) - Barclays: HSBC upgrades to buy with a target price of 190p. Reckitt Benckiser: UBS keeps at buy, 8000p target. Go-Ahead: Deutsche Bank keeps at buy with a 2330p target. Kingfisher: HSBC reiterates hold with a 365p target. BHP Billition: Barclays keeps at equal-weight with a 990
Read moreDeutsche Bank initiates coverage of FirstGroup, Go-Ahead, National Express
21st Sep 2016 09:39
(ShareCast News) - Deutsche Bank initiated coverage of FirstGroup, Go-Ahead and National Express as it took a look at the European Bus & Rail sector. The bank started FirstGroup at 'sell' with a 94p price target, pointing to weak free cash flow generation, high leverage and the absence of a dividend
Read moreRail fares to increase 1.9% in 2017 after RPI inflation rises
16th Aug 2016 09:52
(ShareCast News) - Regulated rail fares in England, Scotland and Wales are due to increase by 1.9% from January 2017 based on official retail price inflation increases announced on Tuesday. After the Office for National Statistics showed the retail price index (RPI) rose 1.9% in July, up from 1.7% i
Read moreFirstGroup, National Express miss out on East Anglia rail franchise
10th Aug 2016 08:39
(ShareCast News) - FirstGroup and National Express both failed to win the East Anglia rail franchise, which the Department of Transport awarded to Dutch-run Abellio. Abellio East Anglia, which is a subsidiary of state-owned Nederlandse Spoorwegen, will run the franchise from October 2016 after pl
Read moreNational Express' revenue rises due to overseas expansion
28th Jul 2016 08:45
(ShareCast News) - Transport operator National Express' revenues jumped 14.4% to £1.1bn in the first half of the year, in line with expectations, due to expansion abroad. The company reported a pre-tax profit increase of 4.8% to £56.9m in the six months ended 30 June, compared to the same period las
Read moreNational Express's debt ratings affirmed by Fitch
2nd Jun 2016 18:54
(ShareCast News) - National Express' long-term issuer default rating (IDR) and 'BBB-' senior-unsecured ratings were affirmed by Fitch Ratings, which said the outlook on the coach and rail operator's long-term issuer default rating was stable. Fitch said the affirmations reflected National Express's
Read moreDirectors dealings: National Express boss unloads shares
13th May 2016 17:22
(ShareCast News) - National Express's boss offloaded a large amount of shares at the end of the week as a result of two transactions. On Friday, Dean Finch sold 210,000 shares out of those directly owned by him at 328.10p for total proceeds of £688,821.02. However, in parallel he purchased another
Read moreNational Express makes 'strong start' to 2016
11th May 2016 08:24
(ShareCast News) - Passenger transport group National Express reported on a "strong start" to the year on Wednesday, updating the market on its operations for the first four months of 2016. The FTSE 250 firm said that during the period, total revenue was up 11% on a constant currency basis, which in
Read moreWednesday broker round-up
16th Mar 2016 15:55
(ShareCast News) - Hikma Pharmaceuticals: Panmure Gordon upgrades to buy with a target price of 2120p. Greggs: Berenberg upgrades to hold, 1020p target. Firestone Diamonds: Panmure Gordon reiterates buy with a target price of 27p and Finncap stays at buy with a target price of 51p. Cairn Energy: C
Read moreFTSE 250 movers: Serco results boost index
25th Feb 2016 14:58
(ShareCast News) - The FTSE 250 surged on Thursday, up 277.90 points (1.72%) to 16,395.40 by mid-afternoon. Serco Group topped the risers after it reported a significantly narrower pre-tax loss for 2015. For the year ended 31 December, the loss narrowed to £69.4m from £990.5m the previous year. Th
Read moreNational Express posts positive results across all divisions
25th Feb 2016 09:05
(ShareCast News) - A rise in revenue across its fleet of divisions has driven National Express' profit before tax up over 87%. The FTSE 250 transport company said on Thursday that revenue for the year to 31 December 2015 surged from £66.5m in 2014 to £124.4m. That was boosted by a 2.8% rise in grou
Read moreNational Express boosted by Nomura upgrade
17th Feb 2016 09:13
(ShareCast News) - National Express was given a boost on Wednesday after Nomura upgraded the stock to 'neutral' from 'reduce' and raised the price target to 270p from 260p as it took a look at the UK bus and rail sector. The bank said National Express has outperformed its peers in UK Regional Bus, w
Read moreNational Express wins Nuremberg S-Bahn contract
16th Dec 2015 08:19
(ShareCast News) - National Express was celebrating on Wednesday morning, as its push into German territory continued with the announcement it had won the contract to operate Nuremberg's suburban rail services. The Bavarian transport authority, Bayerische Eisenbahn Gesellschaft, confirmed late on Tu
Read moreNational Express begins operating German rail services
14th Dec 2015 07:55
(ShareCast News) - National Express Group has begun operating services on its first two German rail contracts on the Rhine Munster Express route. It comes after the FTSE 250 company won the two contracts in February 2013, which are for 15 years and will bring in revenues of approximately €1.6bn (£1
Read moreCMA backs travel cards for further government exemption
10th Dec 2015 11:15
(ShareCast News) - UK competition regulators have recommended extending the exemption of multi-operator travelcard ticketing schemes from competition law. Although the Competition and Markets Authority was concerned that agreements between transport operators can sometimes raise competition concerns
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