Playtech's annual earnings rise on landmark deals
20th Feb 2014 07:52
- Revenues and earnings rise - Deals with Ladbrokes boost results - Firm disposes stake in William Hill Online - PokerStrategy.com acquisition bolsters services - Record dividend announced Playtech reported a rise in annual earnings as the gaming software development company signed two landmark dea
Read morePlaytech to 'marginally' beat analyst revenue forecasts
30th Jan 2014 08:19
Playtech, which develops software platforms and online content, on Thursday predicted its total revenues and adjusted earnings for the full-year would be 'marginally ahead' of current analyst expectations. Consensus forecasts for the 12 months has been predicted to total £312.24m, with pre-tax prof
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
Read moreFTSE 250 movers: Aveva lifted by UBS upgrade
8th Jan 2014 16:04
Aveva climbed strongly after UBS upgraded the software company from neutral to buy. It said it was "impressed with the performance in the core engineering and design business in the first half", and while doubtless cautious about other aspects of the group, UBS believes project lifecycles are long
Read morePlaytech signs deal with Holland Casino ahead of new regulations
8th Jan 2014 08:03
Playtech, which creates and licences software and services for the online, mobile, TV and land-based gaming industry, has signed a deal with Holland Casino. The 'landmark' agreement was made in preparation of forthcoming regulations in the Netherlands, in which Holland Casino holds a market-leading
Read moreLondon pre-open: FTSE to nudge higher ahead of busy session
8th Jan 2014 07:29
City sources predict the FTSE 100 will open four points above yesterday's close of 6,755.45, taking its lead from both Asian and US markets. An unexpected drop in the US trade deficit spurred Wall Street stocks on Tuesday, sending the S&P 500 into positive territory for the first time in 2014. T
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read morePlaytech confident of meeting full year expectations
29th Oct 2013 07:51
Gaming software developer Playtech said it was confident of meeting full year expectations after continuing its growth in recent months. The FTSE 250 group reported revenues rose 13% to €90.6m in the three months to the end of September, driven by casino revenues which were up 21% to €46.8m in the
Read moreBroker snap: Jefferies downgrades Ladbrokes on online, digital concerns
8th Oct 2013 11:11
High Street bookie Ladbrokes was in the red on Tuesday morning after Jefferies downgraded its stance on the stock from 'buy' to 'hold, raising concerns about the online business and the future of the dividend. The broker cut its target price for the shares from 230p to 170p. The firm said last mon
Read moreLondon close: FTSE 100 falls to two-week low
25th Sep 2013 16:41
Heavy falls from Carnival, Tesco and utility stocks weighed on the FTSE 100 on Wednesday while uncertainty over the US budget and Federal Reserve monetary policy continued to dampen sentiment. London's benchmark index finished 19.93 points lower at 6,551.53, a fall of 0.3% on the day. This was the
Read moreLondon midday: Stocks lower on Fed uncertainty
25th Sep 2013 11:26
Markets were choppy on Wednesday but trading firmly in the red by midday as investors awaited economic data from the US amid the ongoing uncertainty surrounding Federal Reserve monetary policy. Recent mixed economic data and conflicting comments by Fed officials over recent days continue to muddy t
Read moreLondon open: US budget, Fed policy in focus as stocks fall
25th Sep 2013 08:43
Ongoing budget talks in the States and uncertainty surrounding Federal Reserve monetary policy continues to weigh on market sentiment, with stocks falling into the red on Wednesday morning. Markets across Europe were trading lower early on, following on from a weak session in Asia overnight and the
Read moreThursday broker round-up UPDATE
12th Sep 2013 09:01
African Minerals: Deutsche Bank cuts target price from 550p to 450p and retains a buy recommendation. Citi lowers target price from 380p to 320p keeping a buy recommendation. Aggreko: Deutsche Bank reduces target price from 2100p to 1870p, while staying with its buy recommendation. ARM Holdings: G
Read moreFriday tips round-up: Hansteen, Playtech, Unite Group
30th Aug 2013 07:10
The recent purchase of the Ashtenne fund out of administration by property fund Hansteen amounts to a big bet on UK industry and yet the stock market seems to have completely missed the benefits of this deal. Perhaps critically, the team at Hansteen knows Ashtenne property portfolio as they were the
Read moreThursday broker round-up UPDATE
29th Aug 2013 09:48
Afren: Westhouse Securities shifts target price from 160p to 165p and reiterates a buy recommendation. BAE Systems: Bank of America raises target price from 328p to 412p, while staying with its underperform rating. Cape: JP Morgan takes target price from 308p to 323p and stays with its overweight
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