Thursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreRank Group unveils plans to capitalise on bingo duty reduction
19th Mar 2014 14:50
Rank Group has unveiled plans to open three new bingo clubs in response to the Chancellor's Budget statement, which announced that bingo duty had been halved from 20 per cent to 10 per cent. The group also said the reduction had secured the future of a number of its other clubs. Rank Group Chief
Read moreFTSE 250 movers: Ophir falls on well failure, bookmakers hit by Budget
19th Mar 2014 14:30
Ophir Energy said it has failed to encounter significant hydrocarbons at the Padouck Deep-1 well in the Ntsina block offshore Gabon. The well was drilled to 3,297 metres total vertical depth subsea (TVDSS) targeting the Cretaceous Gamba and Coniquet/Dentale sands in the pre-salt section. British bo
Read moreBudget 2014: Picture mixed for leisure sector - UPDATE
19th Mar 2014 13:27
Shares in British bookmakers Ladbrokes and William Hill tumbled after the government's new Budget included an increase to 25 per cent in duty on fixed-odds betting terminals (FOBTs). Chancellor George Osborne said that he would lift the rate on Machine Games Duty on betting content from 20% to 25%,
Read moreFTSE 250 movers: Serco recovers after profit warning slump
31st Jan 2014 15:16
Serco regained some of yesterday's losses, which saw shares dive as investors reacted to a profit warning in which the company predicted that 2014 profits would fall as much as 20 per cent short of the 277m pounds that the market had expected. Domino's Pizza was another high riser after saying tha
Read moreLondon pre-open: FTSE to inch lower early on
31st Jan 2014 07:22
- FTSE to open down five points - January Eurozone inflation to be closely watched - Eurozone unemployment set to stay at 12.1 per cent City sources predict the FTSE 100 will open five points below yesterday's close of 6,538.45, tracking declines seen in Asia overnight after Japanese stocks fell on
Read moreRank Group reports fall in first half profits
31st Jan 2014 07:08
Gaming company Rank Group reported a 23 per cent fall in pre-tax profit to 27.7m pounds in the first half, reflecting a weak performance of its casino and bingo businesses. Operating profit at its Grosvenor Casinos venues and Mecca bingo clubs fell 26% and 38% on a like-for-like basis, respectively
Read moreRank Group announces court ruling in favour of HMRC
30th Oct 2013 11:13
Casino firm Rank Group on Wednesday announced that the Court of Appeal ruled in favour of HM Revenue & Customs (HMRC) in relation to claims for overpaid VAT on certain types of amusement machines between 2002 and 2005. Rank said it has subsequently applied for leave to appeal to the Supreme Court
Read moreLondon close: Stocks pull back from five-month high
23rd Oct 2013 17:01
- Miners, banks weigh on Footsie - Money-market rates spike in China - RSA up on bid speculation techMARK 2,624.47 -0.41% FTSE 100 6,674.48 -0.32% FTSE 250 15,494.97 -0.11% The FTSE 100 finished in negative territory for the first time in 10 trading sessions on Wednesday as traders took profits af
Read moreLondon midday: Markets pull back from five-month high as banks fall
23rd Oct 2013 11:15
Concerns over the Chinese economy and a weak performance by banking stocks halted a nine-day winning streak for UK markets on Wednesday, as investors chose to take profits following a strong run. The FTSE 100 snapped a nine-day winning streak this morning, pulling back from Tuesday's finish of 6,69
Read moreLondon open: Stocks snap nine-day winning streak
23rd Oct 2013 08:14
Equities pulled back from a five-month high on Wednesday with ex-dividend names weighing on markets in London as traders took a breather following a recent strong run. The FTSE 100 snapped a nine-day winning streak this morning to trade around 0.5% lower than Tuesday's finish of 6,695.66, the index
Read moreTuesday broker round-up UPDATE
22nd Oct 2013 08:02
Aggreko: JP Morgan reduces target price from 1800p to 1620p reiterating a neutral rating. Alexander Mining: Northland Capital shifts target price from 6p to 8.10p and keeps a buy recommendation. APR Energy: JP Morgan increases target price from 1075p to 1150p and maintains an overweight rating. B
Read moreFTSE 250 movers: Polymetal shares leap on record Q3
17th Oct 2013 15:31
Shares in Polymetal International were on Thursday racing ahead after the group reported a record-setting third quarter which saw total gold equivalent production of 413,000 oz, up 30 per cent year-on-year. For the nine months ended September 30th, gold equivalent production totalled 972,000 oz, up
Read moreRank warns on profits as warm summer hits bingo visitor numbers
17th Oct 2013 12:41
- Rank full-year operating profit to miss expectations - First half to be "materially below" same period last year - Underlying sales fall seven per cent in 15 weeks to October 13th Rank Group warned that full year operating profits would be marginally below expectations after the hot weather in Ju
Read moreLondon pre-open: Subdued start expected ahead of US data
15th Aug 2013 07:31
The FTSE 100 is expected to open slightly lower on Thursday as markets await a long list of economic data later on. Retail sales figures will be the only major indicator to watch here in the UK today, though traders will keep their eyes peeled for the following data in the States: CPI; jobless clai
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