Friday newspaper round-up: Tata, Rolls-Royce, Tesco, Sky
1st Apr 2016 07:28
(ShareCast News) - Some of the UK's biggest companies, including Rolls-Royce and Petrofac, have been drawn into a scandal over alleged bribery and corruption in the international oil industry. The Serious Fraud Office is understood to have teamed up with the FBI and the US Department of Justice to i
Read moreMonday newspaper round-up: Brexit, Dyson, BHS, sugar tax, Barclays
21st Mar 2016 07:14
(ShareCast News) - The UK economy could lose more than half a million jobs by 2020 in the event of a vote to leave the EU and would be unlikely to recover from the impact fully even after 15 years, the head of the CBI is set to warn. Carolyn Fairbairn, director-general of the business lobby, will pr
Read moreSunday newspaper round-up: Rolls-Royce, Whitbread, Britvic, LSE
20th Mar 2016 16:56
(ShareCast News) - Rolls-Royce has put forward detailed proposals to the government to fill some of the UK's power shortage with a fleet of small reactors built around the company's expertise in generating power for Royal Navy submarines. With the escalating costs and timing of the £18bn Hinkley Poi
Read moreBroker tips: SIG, Rolls-Royce, G4S
10th Mar 2016 11:51
(ShareCast News) - SIG's rating was retained at 'buy' but its target price was lowered to 160p from 165p by Canaccord Genuity after the building products firm reported its full year results. The group posted a 1.4% drop in revenue to £2.67bn on Wednesday, hurt by foreign exchange movements in Europe
Read moreGoldman Sachs downgrades Rolls-Royce on valuation
10th Mar 2016 10:38
(ShareCast News) - Shares in aerospace and defence group Rolls-Royce were in the red after Goldman Sachs downgraded the stock to 'neutral', removing it from the bank's Pan European buy list. It noted that since being added to the list on 29 September 2015, the stock is up 10% versus the FTSE World E
Read moreFTSE 100 movers: Admiral charges ahead while Whitbread slumps
3rd Mar 2016 14:29
(ShareCast News) - The FTSE 100 was down 0.28% to 6,130.15 in afternoon trading on Thursday, having gained X to Y, as oil slipped back and investors digested the slowest growth in construction since last April. Admiral led the risers, after it posted a forecast-beating and record 6% jump in full-yea
Read moreThursday newspaper round-up: National Grid, Rolls-Royce, bookmakers
3rd Mar 2016 07:37
(ShareCast News) - The energy regulator Ofgem is to be handed sweeping new powers to manage the country's electricity supplies, switch off factories and request emergency back-up generation, under energy market reforms being considered by Whitehall. Documents seen by The Times show ministers are con
Read moreNew investor representative on Rolls-Royce board
2nd Mar 2016 07:59
(ShareCast News) - The largest investor in Rolls-Royce had a new representative on the board, with Bradley Singer being appointed as a non-executive director and member of the Science and Technology Committee with immediate effect on Wednesday. Singer was currently a partner and chief operating offi
Read moreMonday newspaper round-up: Brexit, Mastercard, London rents, pensions
22nd Feb 2016 07:13
(ShareCast News) - The bosses of about half of Britain's 100 biggest companies are to sign a letter backing David Cameron in his fight to keep the country in the EU in the referendum in June that will shape the future of the UK. As Tory opposition to the prime minister's strategy mounted, Downing St
Read moreThursday broker round-up
18th Feb 2016 19:08
(ShareCast News) - Hammerson: Exane BNP Paribas downgrades to neutral, 620p target. Go-Ahead Group: Shore Capital upgrades to buy. Auto Trader: JP Morgan reiterates to overweight with a 420p target and Deutsche Bank maintains hold, 375p target. Glencore: Citigroup keeps at buy with a 140p target.
Read moreBroker tips: Glencore, Rolls-Royce, Hammerson
18th Feb 2016 13:59
(ShareCast News) - Glencore's shares declined on Thursday after Citi cut its target price to £1.40 from £1.50, reflecting lower commodity price forecasts. Citi said its estimates for 2016 earnings before interest, tax, depreciation and amortisation falls by 5.1% to $7.8bn (£5.35bn). Glencore is exp
Read moreJPMorgan upgrades Rolls-Royce, expects more positive news flow
18th Feb 2016 09:21
(ShareCast News) - JPMorgan Cazenove upgraded Rolls-Royce to 'neutral' from 'underweight' and lifted the price target to 690p from 395p. It said although many headwinds remain, news flow over the next six months is biased to the positive. JPM said it had been expecting the aerospace and defence gro
Read moreBroker tips: Anglo American, Rolls Royce, Reckitt Benckiser
17th Feb 2016 12:38
(ShareCast News) - Anglo American surged as Deutsche Bank and Credit Suisse lifted their target prices on the stock following the company's full year results. On Tuesday, Anglo outlined its promised "radical" overhaul as it announced a pre-tax loss of $5.5bn after $3.8bn of write-down since the half
Read moreRolls Royce faces another tough year, says Charles Stanley
17th Feb 2016 10:38
(ShareCast News) - Rolls Royce faces another challenging year in 2016, said Charles Stanley, although the broker kept its recommendation at 'hold' on Wednesday. The company last week halved its final dividend to 7.1p per share as underlying full year profit before tax dropped 12% to £1.4bn. It marke
Read moreRolls-Royce dividend cut prudent and credit enhancing, says Moody's
15th Feb 2016 13:07
(ShareCast News) - Rolls-Royce's decision to cut its dividend for the first time in 25 years last week was prudent and credit enhancing, according to Moody's. On Friday, the aerospace and defence group cut its dividend by 50% to 7.1p and said it would be halved again at the next interim stage, as it
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