21st Sep 2016 09:39
(ShareCast News) - Deutsche Bank initiated coverage of FirstGroup, Go-Ahead and National Express as it took a look at the European Bus & Rail sector. The bank started FirstGroup at 'sell' with a 94p price target, pointing to weak free cash flow generation, high leverage and the absence of a dividend
Read more4th Sep 2016 12:43
(ShareCast News) - Shares in Stagecoach are worth holding despite falling 38% over the last 12 months, said the Sunday Times' Inside the City column, which pondered whether much more of a fall could see founder Brian Souter take the business private again. There are a few possible reasons for the co
Read more16th Aug 2016 09:52
(ShareCast News) - Regulated rail fares in England, Scotland and Wales are due to increase by 1.9% from January 2017 based on official retail price inflation increases announced on Tuesday. After the Office for National Statistics showed the retail price index (RPI) rose 1.9% in July, up from 1.7% i
Read more12th Aug 2016 13:19
(ShareCast News) - Workers on Virgin Trains East Coast are to protest on three 24 hour strikes in August, including over the bank holiday weekend, the latest in a string of industrial action by rail staff. The strike will be from 0300 BST on 19, 26 and 29 August, bank holiday Monday. About 1,800 me
Read more9th Aug 2016 13:57
(ShareCast News) - Stagecoach rail franchise Virgin Trains East Coast was presented with the prospect of a strike on Tuesday, after rail workers have voted to walk out in a dispute over job cuts, working conditions and safety. The FTSE 250 transport company owns 90% of the franchise, with the privat
Read more3rd Jul 2016 16:58
(ShareCast News) - A group of businesses is preparing a legal challenge to prevent the government from beginning Brexit negotiations without an act of parliament. The action, brought by law firm Mishcon de Reya, would potentially complicate Britain's path to leaving the EU, given that a majority of
Read more29th Jun 2016 07:08
(ShareCast News) - Passenger transport operator Stagecoach posted final results for the year to 30 April on Wednesday, with adjusted earnings per share rising 3.7% to 27.7p. The FTSE 250 firm saw revenue of £3.87bn during the period, up from £3.2bn, with profit before tax rising marginally to £187.4
Read more21st Jun 2016 10:46
(ShareCast News) - Train companies will be fined if their services run even one minute later than scheduled in a government effort to restore confidence in the rail network, according to reports on Tuesday. Future rail franchises will include rules that will impose penalties or dock funding from ope
Read more12th May 2016 08:06
(ShareCast News) - Passengers on the East Coast Main Line were being promised more choice on Thursday, with the Office of Rail and Road granting both Virgin Trains East Coast and FirstGroup rights to operate new services on the London-to-Edinburgh railway. FTSE 250 firm Stagecoach - which owns 90% o
Read more9th May 2016 07:59
(ShareCast News) - Bad news for Stagecoach and Virgin Trains emerged as a report commission by the Office of Rail and Road backed proposals to introduce 'open access' competition to the east coast main line between London and Edinburgh. A report by engineering consultants CH2M Hill commissioned by t
Read more9th May 2016 06:29
(ShareCast News) - Oil prices climbed more than 2% on Monday morning in Asia as traders weighed the impact of wildfires continuing to rage in Canada's top oil-producing province and a change at the top in Saudi Arabia's energy ministry. Brent crude, the international benchmark, rose as much as 2.5 p
Read more5th May 2016 15:45
(ShareCast News) - Centrica's shares fell as HSBC retained its 'hold' rating on the stock, citing a risk of a credit downgrade by Moody's from Baa1 to Baa2. However, the bank raised Centrica's target price to 250p from 200p as it believes the owner of British Gas will benefit from cost cutting measu
Read more5th 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 more5th May 2016 10:36
(ShareCast News) - UBS upgraded Stagecoach to 'buy' from 'neutral', pointing to recent weakness in the share price and expected catalysts over the next 12 months. The bank said that while full-year 2016 was tough, with slowing revenue trends and one-off effects related to adverse weather, full-year
Read more1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read more