Broker tips: Charles Stanley, Playtech, Berkeley Group
16th Jun 2016 17:08
(ShareCast News) - Cannacord Genuity lowered its target price on the shares of Charles Stanley and lowered its recommendation from 'buy' to 'hold' after the broker announced it would likely take between 12 to 18 months longer than originally anticipated (by the year to 31 March 2020) to reach its ta
Read moreMorgan Stanley sees 50% upside at 'software not gambling company' Playtech
16th Jun 2016 12:19
(ShareCast News) - Morgan Stanley set a 1,170p price target for Playtech, offering around 50% upside from current levels, as the FTSE 250 outfit is "a software company not a gambling company". Playtech, which provides back-end support for gambling companies, creates gaming software content, takes 86
Read morePlaytech buys Swedish games studio Quickspin
24th May 2016 10:31
(ShareCast News) - Gambling software developer Playtech has acquired Swedish games studio Quickspin AB for a maximum consideration of six times the company's EBITDA in 2018, subject to a €50m cap. The Stockholm-based company, which develops and supplies high-quality video slots to operators in onlin
Read morePlaytech momentum continues into 2016, chairman says
18th May 2016 09:49
(ShareCast News) - As investors in gambling software developer Playtech gathered for its annual general meeting on Wednesday, chairman Alan Jackson spoke of the company's momentum continuing into the current financial year. "Growth in daily average revenues in the gaming division in 2016 remains in
Read moreTuesday broker round-up
8th Mar 2016 14:42
(ShareCast News) - South32: HBSC upgrades to buy with a target price of 85p. Capital & Counties Properties: Exane BNP Paribas downgrades to underperform. 348P target. Admiral Group: Nomura upgrades to buy with a target price of 2325p. Millennium & Copthorne Hotels: Berenberg downgrades to sell wit
Read moreThursday broker round-up
25th Feb 2016 13:08
(ShareCast News) - Petrofac: Jefferies upgrades buy with a target price of 855p, JP Morgan reiterates overweight with a target of 944p and Citigroup stays at buy. Merlin Entertaiments: Panmure Gordon reiterates buy with a target price of 480 and Shore Capital stays at hold. Wentworth Resources: Inv
Read morePlaytech rallies on 38% increase in full year revenue
25th Feb 2016 09:17
(ShareCast News) - Playtech's shares rallied after the gambling software group reported a 38% jump in 2015 revenue to €630.1m (£499.02m). The company said it achieved strong growth in the UK, boosted by deals with bookmakers including Ladbrokes and Sky. Robust revenues led to a 22% increase in adju
Read morePlaytech withdraws application to buy Ava Trade
8th Dec 2015 10:26
(ShareCast News) - Gambling software development company Playtech has withdrawn its application to buy contracts-for-difference broker Ava Trade after the deal was terminated following opposition from the Central Bank of Ireland. Playtech said the appeal of the central bank's decision was allowed
Read morePlaytech wins five-year deal to operate Sun Bingo
30th Nov 2015 07:41
(ShareCast News) - Playtech's bingo division Virtue Fusion has won a five-year deal with News UK to operate Sun Bingo and Fabulous Bingo. Announcing the deal on Monday, the FTSE 250 gaming technology provider said the sites will launch in August 2016 after it migrates all existing players to its net
Read moreFTSE 250 movers: Playtech surges on update; Millennium slumps as results disappoint
29th Oct 2015 14:03
(ShareCast News) - London's FTSE 250 index was down 0.3% to 17,098.97 at 1505 GMT as investors digested a hawkish policy statement from the Federal Reserve and mixed US data releases. Playtech was a high riser after the gambling and software services supplier reported strong trading in both of its d
Read morePlaytech third quarter revenues grow across the board
29th Oct 2015 08:24
(ShareCast News) - Gambling and software and services supplier Playtech reported strong trading in both of its divisions in the three months to September. The FTSE 250 group said third quarter revenue surged 47% year-on-year to €170.9m, driven higher by a 23% increase in the gaming department revenu
Read moreFTSE 250 movers: Greggs surges on strong update; Acacia tumbles as output disappoints
6th Oct 2015 13:40
(ShareCast News) - London's FTSE 250 index was flat at 17,111.00 at 1400 BST, as investors took a breather following healthy gains in the previous session. Greggs surged after the bakery chain served up a tasty trading update. It said sales in the 13 weeks to October were slightly ahead of its expec
Read morePlaytech to challenge Central Bank of Ireland's opposition to Ava Trade takeover
6th Oct 2015 08:12
(ShareCast News) - Playtech said they will formally challenge the Central Bank of Ireland's decision to oppose its takeover of Ava Trade. The FTSE 250 gambling software development company revealed on Monday they had received a letter late on Friday about the bank's opposition to the deal. It had s
Read moreLondon close: Stocks end higher despite negative services data
5th Oct 2015 16:03
(ShareCast News) - UK stocks gained as the market proved resilient against a batch of negative services data on hopes the Federal Reserve will keep interest rates unchanged for longer. The Markit/CIPS UK services purchasing managers' index fell to 53.3 in September from 55.6 in August, compared to a
Read moreFTSE 250 movers: Kaz Minerals shoots higher as copper gains; Playtech slumps
5th Oct 2015 14:34
(ShareCast News) - London's mid-cap index was up 1.7% to 17,084.45 at 1450 BST, tracking broader gains in the market as last week's disappointing nonfarm payrolls report prompted investors to push back expectations of a Federal Reserve rate hike. Kaz Minerals shot higher as copper prices added 1% ei
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