Rentokil Initial completes three acquisitions
8th Jan 2015 10:51
Support services firm Rentokil Initial has made three overseas acquisitions, one in remedial property care in the UK and two overseas pest control businesses. The FTSE 250 group said UK-based remedial property care services provider Peter Cox Property Care, acquired for an undisclosed amount, was in
Read moreTuesday broker round-up
18th Nov 2014 09:42
Aggreko: HSBC raises target price from 1550p to 1650p and maintains a neutral rating. Al Noor Hospitals: Citi initiates with a target price of 1240p and a buy recommendation. Barclays: Credit Suisse ups target price from 230p to 250p and keeps a neutral rating. Bodycote: JP Morgan cuts target pric
Read moreFTSE 250 movers: House-builders fall on slower autumn sales
7th Nov 2014 16:02
Service companies and house-builders were on the move on Friday after updates from several companies in the sectors. Rat-catching group Rentokil Initial failed to snare investors after it blamed currency headwinds and tough markets in mainland Europe for lower revenue and profits at actual exchan
Read moreRentokil takes hit from strong pound and tough trading
7th Nov 2014 08:14
Rat-catcher Rentokil Initial took a hit from currency headwinds and said it was still facing tough markets in Europe, knocking its shares. Rentokil, which is expanding its pest control businesses and off-loading other non-core operations, said revenue in the third quarter dropped 3.4% at actual exch
Read moreMonday broker round-up UPDATE
18th Aug 2014 09:54
Admiral Group: Credit Suisse reduces target price from 1425p to 1350p and stays with its neutral rating. Ophir Energy: RBC Capital reduces target price from 400p to 240p, while its neutral rating remains unchanged. Petra Diamonds: Westhouse Securities ups target price from 200p to 230p upgrading f
Read moreRentokil warns of bigger-than-expected FY currency hit
1st Aug 2014 07:54
Rat-catcher Rentokil Initial boosted first-half profits and revenue but said it expected a bigger-than-expected £17m annual hit from currency volatility. Rentokil lifted adjusted operating profit in the six months to 30 June by 7.7% to £100.2m at constant exchange rates (CER), although it fell 0.5%
Read moreWednesday broker round-up UPDATE
30th Jul 2014 09:50
Antofagasta: Westhouse Securities downgrades from add to neutral with a target price of 885p. Investec places its target price (prev.: 690p) under review, while keeping its sell recommendation. Aureus Mining: FinnCap lowers target price from 66p to 62p maintaining a buy recommendation. British Ame
Read moreFTSE 250 movers: Vesuvius rises on broker comment
9th Jul 2014 14:52
Vesuvius was one of the biggest fallers on the second tier this afternoon, pushed lower by BNP Paribas, which reiterated its 'neutral' rating on the stock, while WS Atkins and Entertainment One dropped after going ex-dividend. The progression of the integration of its UK Support Services business h
Read moreFTSE 250 movers: Balfour Beatty slides on profit warning
6th May 2014 14:09
Civil engineering group Balfour Beatty blamed 'significant operational issues' for a profit warning, sparking the resignation of its Chief Executive. The group also said it was considering selling its US engineering consulting business, Parsons Brinckerhoff. Croda International was also firmly lowe
Read moreTuesday broker round-up UPDATE
6th May 2014 08:44
Antofagasta: RBC Capital upgrades to buy with a target price of 900p. Barclays: Numis downgrades from add to hold with a target price of 280p. BG Group: Goldman Sachs ups target price from 1500p to 1530p and retains a strong buy recommendation. Britvic: Numis raises target price to 684p and keeps
Read moreRentokil profits grow in first quarter despite weaker top line
2nd May 2014 14:05
Rentokil Initial, the pest control, hygiene and work-wear company, impressed the market on Friday with strong growth in profits in the first quarter despite a weaker top line. The company said that pre-tax profit rose to £19.3m, up 21.7% at constant exchange rates (CER) on the year before. At act
Read moreWednesday broker round-up UPDATE
23rd Apr 2014 09:04
AB Foods: Numis upgrades from sell to reduce with a target price of 2240p. AstraZeneca: Citi raises target price from 3500p to 4900p and upgrades to buy. Fenner: Investec cuts target price from 375p to 360p and reiterates its sell recommendation. Genus: N+1 Singer upgrades to hold with a target p
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
Read moreThursday broker round-up UPDATE
6th Mar 2014 09:10
Advanced Medical Solutions: Investec ups target price from 97p to 121p and keeps a buy recommendation. African Barrick Gold: Investec increases target price from 132p to 206p, but still recommends selling. Arcontech: Northland shifts target price from 0.20p to 0.24p and keeps a buy recommendation.
Read moreLondon pre-open: Stocks set for decline despite record US finish
5th Mar 2014 07:18
- Strong finish in US with S&P at record high - FTSE to open lower - Focus on US ADP jobs survey UK stocks are set to open lower today, despite another record performance by the S&P 500 in the US as well as strong gains in Japan overnight. City sources predict the FTSE 100 will open 19 points bel
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