Friday broker round-up
31st Aug 2012 09:21
Admiral: Nomura raises target from 1,300p to 1,350p, buy rating kept. Anglo American: Nomura cuts target from 2,200p to 2,100p, neutral rating kept. BHP Billiton: Nomura cuts target from 2,100p to 2,000p, buy rating kept. Catlin: Morgan Stanley downgrades to equal weight, target cut from 495p to
Read moreLondon open: Tentative start ahead of Bernanke speech
31st Aug 2012 08:32
- All eyes turn to Bernanke - Mining stocks wanted early on after recent losses - Redrow Chairman makes takeover approach Stock markets across Europe have been rather subdued over the past few days and the opening hour of Friday's session was no different as investors continued to show caution ahea
Read moreLondon pre-open: Small dip expected on FTSE ahead of Bernanke speech
31st Aug 2012 07:31
City sources predict the FTSE 100 will open down two points from yesterday's close of 5,719 ahead of today's eagerly awaited speech from Federal Reserve Chairman Ben Bernanke at the Jackson Hole central bankers' economic symposium. There is a general agreement amongst analysts that Bernanke, who i
Read moreRestaurant Group serves up solid first half
31st Aug 2012 07:07
First-half profits at restaurant and pub operator Restaurant Group came in slightly ahead of expectations, helping the firm to raised its interim dividend by an eighth. The company, whose principal trading brands are Frankie & Benny's, Chiquito and Garfunkel's, said that adjusted pre-tax profit cam
Read moreFriday broker round-up
20th Jul 2012 10:17
Capita: UBS ups target from 725p to 740p, buy rating unchanged. Euromoney: Peel Hunt downgrades to hold. Gulf Keystone: HSBC upgrades to overweight. Halfords: UBS cuts target from 240p to 205p, neutral rating kept; HB Markets upgrades to buy. Hammerson: Bank of America Merrill Lynch downgrades t
Read moreThursday broker round-up
21st Jun 2012 09:13
ARM Holdings: Investec maintains buy rating and 800p target. Ashtead: Jefferies ups target from 300p to 320p, buy rating retained. Bellway: Goldman Sachs downgrades to neutral. British Land: Societe Generale downgrades to sell. CRH: HSBC upgrades to overweight. Dignity: Goldman Sachs downgrades
Read moreBroker snap: Nomura rates Restaurant Group, M&B and Marston's as buy
15th Jun 2012 11:29
In a research note published this morning analysts at Nomura comment that the pub sector has suffered from the perfect storm of long-term wet-led decline, short-term pressure on UK consumer spending and investor aversion to high leverage. For that reason they are cautious on the overall consumer en
Read more3i director invests in 100,000 shares
30th May 2012 16:15
A Non-Executive Director of 3i, a private equity, infrastructure and debt management group, has taken advantage of the company's declining share price to buy up 100,000 shares. Willem Mesdag, who joined the firm in 2007, bought the shares at 175p a pop for a total of £175,000. Two weeks ago the
Read moreRestaurant Group sees significant uplift in sales
17th May 2012 10:49
Shares of Frankie & Benny's restaurant chain operator, Restaurant Group rocketed after it said since the end of February it has seen a significant uplift in sales with good growth in March, April and May to date. it is trading in line with expectations and is on track to report a strong first half
Read moreThursday tips round-up: Sportingbet, Restaurant Group, Weir
1st Mar 2012 06:54
The Times's Tempus column ponders whether Sportingbet is worth a gamble. It's making a lot of money in Australia while its Spanish and Greek operations are beginning to fall under proper regulation. That is key for Sportingbet because in order to make itself an interesting morsel for one of the bigg
Read moreRestaurant Group beefs up divi, eyes tough 2012
29th Feb 2012 07:13
Restaurant Group, operator of 400 restaurants and pub restaurants including the Frankie & Benny's chain, said like for like sales rose 3.5% and raised its total dividend 17%. The group, which also operates Chiquito and Garfunkel's and a concessions division, which trades on over 50 sites, mostly at
Read moreTuesday broker round-up - UPDATE
21st Feb 2012 09:00
Admiral: Nomura reiterates buy recommendation and 1,100p target; Credit Suisse upgrades to outperform from neutral, lifts target from 1,100p to 1,300p. Morrison: Goldman Sachs adds to conviction sell list. Petropavlovsk: Nomura upgrades from reduce to neutral, target upped from 860p to 910p. Aber
Read moreTuesday broker round-up - UPDATE
10th Jan 2012 09:15
Cairn Energy: Oriel upgrades to add from hold. Tesco: Bank of America Merrill Lynch downgrades to neutral from buy. Marks & Spencer: Panmure Gordon reiterates hold and 307p target; Peel Hunt maintains hold and 350p target. Barclays: UBS cuts target from 215p to 199p, neutral rating unchanged. R
Read moreNew openings boost sales at Restaurant Group
10th Jan 2012 08:01
Frankie & Benny's restaurant chain operator, The Restaurant Group said full year profits are expected to be in line with market forecasts of between £59m and £62m. Turnover for the 52 weeks to 1 January 2012 was up 7.25% from the same period last and like-for-like sales increased 3.25% after the gr
Read moreSteady flow of customers at Restaurant Group
10th Nov 2011 07:08
The Restaurant Group, owner of the Frankie & Benny's restaurant chain, said sales rose 6.5% in the 44 weeks to 6 November 2011 despite a tough economic backdrop. The group, which also operates Chiquito and Garfunkel's, said it has continued to make further good progress despite ongoing pressures fa
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