Travel stocks hit after Egypt-bound flight goes missing, crash presumed
19th May 2016 08:45
(ShareCast News) - EgyptAir Paris to Cairo flight MS804 disappeared from air-traffic controllers's radar screens shortly after the aircraft entered the latter Mediterranean country's airspace early on Thursday morning, with international authorities loathe to jump to any conclusions before an invest
Read moreThursday broker round-up
5th May 2016 15:12
(ShareCast News) - Stagecoach: UBS upgrades to buy with a 295p target. Centrica: Exane BNP Paribas downgrades to neutral with a 240p target and UBS reiterates hold with a target price of 250p. BHP Billition: Barclays upgrades to equal-weight with a 875p target. Vedanta: Barclays reiterates underwe
Read moreDirectors dealings: Saga boss shows conviction, picks up large batch of shares
28th Apr 2016 16:42
(ShareCast News) - A family investment company linked to Saga boss Andrew Goodsell bought a large batch of shares on Tuesday, the company said in a statement. The investment company purchased 2,564,103 shares at 195.0p apiece on 26 April, for a grand total of £5m. On 19 April, the company announced
Read moreWednesday broker round-up
27th Apr 2016 15:32
(ShareCast News) - BP: Barclays reiterates overweight with a 550p target, Credit Suisse keeps at underperform with a target of 330p, Cannacord stays at buy with a 420p target and Exane BNP Paribas reiterates neutral with a target of 350p. Cambian Group: Canaccord downgrades to hold with a 91p target
Read moreSaga main shareholder sells out, chairman buys in
22nd Apr 2016 07:36
(ShareCast News) - Saga's main shareholder and former private equity owner Acromas signed off the sale off its last remaining shares overnight on Thursday, with chairman Andrew Goodsell taking the opportunity to buy £5m of stock. Tuesday's encouraging results and bumper dividend helped lift the shar
Read moreFriday newspaper round-up: Obama, Estate agents, Saga
22nd Apr 2016 06:57
(ShareCast News) - Barack Obama will appeal to voters today to ensure that Britain continues its "outsize influence" by remaining inside a European Union that "enhances its global leadership". The US president flew to the UK last night to make what David Cameron hopes will be one of the referendum c
Read moreSaga bumps up dividend as broker business model evolves
19th Apr 2016 07:54
(ShareCast News) - Saga proposed a bumper dividend as it begins to reduce its reliance on underwriting and shift towards a reselling model, though full year profits were slightly short of market forecasts. Group revenue was up 7% to £963.2m in the year to 31 January, with trading EBITDA up 5% to £23
Read moreSunday share tips: Saga, the FTSE 100, Safestay
17th Apr 2016 15:47
(ShareCast News) - Shares in Saga are a 'buy' for the Sunday Times' Inside the City column, after a steady but unshowy performance since its initial public offer two years ago. Management plan to shift the business from a plain old insurer that also markets holidays and other services to its over-50
Read moreWednesday broker round-up
27th Jan 2016 17:31
(ShareCast News) - Aldermore Group: Investec reiterates buy recommendation and keeps target price at 325p. Saga: Numis stays at addwith 235p target and Canaccord Genuity upgrades to buy 240p target. Crest Nicholson: Jefferies keeps at buy and raises target from 719p to 740p. Ophir Energy: Credit S
Read moreSaga delivers on 2015 key objectives
12th Jan 2016 09:13
(ShareCast News) - Saga said on Tuesday it has delivered on its strategic objectives for the year. The FTSE 250 company, which is focused on services for people aged over 50, posted a trading update for 1 August 2015 to 11 January 2016. It noted a number of key objectives were completed in the seco
Read moreFTSE 250 movers: Greene King's half year profit keeps market balanced
2nd Dec 2015 14:08
(ShareCast News) - The FTSE 250 was still in the green on Wednesday before the London Stock Exchange was due to announce which companies would be promoted and demoted from the FTSE 100 and 250. The market was up 17.18 points (0.1%) to 17,533.94 by mid-afternoon, but trending downwards. Greene King
Read moreAcromas Bid sells 13% stake in Saga
2nd Dec 2015 08:30
(ShareCast News) - Acromas Bid Co has sold a 13% stake in UK insurer Saga in a share placing run by Bank of America Merrill Lynch and JPMorgan Cazenove. Acromas sold 145m shares at 200p each, which was more than the 112m it had originally intended to sell. Following the settlement of the placing,
Read moreSaga makes small profit from Allied Healthcare sale
1st Dec 2015 12:52
(ShareCast News) - Saga has sold its Allied Healthcare domiciliary care subsidiary for £19m to private equity investor Aurelius Group. Saga, which said Allied no longer fitted in its business model, will pour £10m into the Allied pension fund before it is transferred as part of the deal. At the beg
Read moreThursday newspaper share tips: At odds over Saga
1st Oct 2015 11:25
(ShareCast News) - The Telegraph and The Times are again at odds over what to do with a particular company - this time it's Saga. The company, which sells products and services for people over the age of 50, said on Wednesday it remains on track to meet its annual targets on the back of a surge in i
Read moreSaga on track to meet full-year expectations as interim profit surges
30th Sep 2015 08:03
(ShareCast News) - Travel, insurance and financial products provider Saga said it remains on track to meet its annual targets on the back of a surge in interim pre-tax profit. In the six months to 31 July, pre-tax profit more than doubled to £101.3m, while revenue grew 8.6% year-on-year to £478.3m.
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