FTSE 250 movers: Stagecoach drives the market down as Paris attacks hit demand
9th Dec 2015 13:37
(ShareCast News) - The FTSE 250 continued to slump on Tuesday, with the second tier market down 45.21 points (0.26%) to 17,146.69 by mid-afternoon Wednesday. Transport operator Stagecoach was the biggest faller after it revealed the Paris terror attacks in November has discouraged people from trave
Read moreStagecoach revenue up but Paris attacks dampen bus demand
9th Dec 2015 07:57
(ShareCast News) - Transport operator Stagecoach said the Paris terror attacks in November has discouraged people from travelling and led the company to slightly revise full year earnings downwards. Interim turnover at the bus and rail firm rose 27% £1.97bn, while pre-tax profits fell to £90.8m from
Read moreMonday broker round-up
9th Nov 2015 14:18
(ShareCast News) - Talktalk Telecom Group: HSBC downgrades to hold, cuts target price to 260.00p. Spirent Communications: Citigroup downgrades to neutral. Target price: 75.00p. United Utilities Group: Societe Generale downgrades to hold. Target price: 940.00p. Stagecoach Group: Barclays reitera
Read moreStagecoach on the road to meet full year expectations
4th Nov 2015 08:37
(ShareCast News) - Stagecoach Group has seen strong growth across its UK operations in the first half of the year. The FTSE 250 transport operator posted a trading update on Wednesday for the 24 weeks to 17 October ahead of a series of meetings with analysts. The company's rail businesses led the p
Read moreStagecoach boosted by Tyne and Wear bus report
3rd Nov 2015 08:53
(ShareCast News) - Transport operator Stagecoach said it welcomed the Tyne and Wear Quality Contract Scheme Review Board's decision to declare the bus franchising proposal presented by the North East Combined Authority had failed to meet the necessary tests. Earlier this year, the transport executiv
Read moreStagecoach to raise £400m via bond issue
22nd Sep 2015 09:04
(ShareCast News) - Transport group Stagecoach is raising £400m via a bond issue to spend on "general corporate purposes", including the repayment of existing debt. The 10-year bonds will have an annual coupon of 4% and should be issued on 29 September, the company said. The joint bookrunners for th
Read moreStagecoach wins East Midlands train franchise deal
16th Sep 2015 07:59
(ShareCast News) - Public transport operator Stagecoach has agreed a new East Midlands Trains franchise deal with the UK government which will see it pay £150m to the Treasury over the next three years. Stagecoach said the award of the new franchise does not materially affect its expectation of over
Read moreFTSE 250 movers: Oil services stocks gush, Stagecoach hit by living wage warning
15th Sep 2015 16:22
(ShareCast News) - After hitting a six-day low in early trade, the FTSE 250 index closed the session in positive territory on the back of mining and oil & gas sector gains. Vicissitudinous platinum miner Lonmin topped the mid-cap index for the second day as platinum, which is closely linked to the c
Read moreStagecoach on track to meet annual expectations, as like-for-like revenues grow
26th Aug 2015 08:10
(ShareCast News) - Public transport operator Stagecoach saw an increase in like-for-like revenues in the July quarter as a strong performance in the UK offset challenging market conditions in the US. In the three months to 25 July, the group posted a 1% year-on-year increase in like-for-like revenue
Read moreMonday broker round-up
13th Jul 2015 12:05
(ShareCast News) - ARM Holdings: JP Morgan downgrades to underweight and lowers target to 900p from 950p; Exane reiterates outperform with 1,400p target. AstraZeneca: Goldman Sachs stays at neutral and Jefferies at buy. British American Tobacco: Nomura starts coverage at buy with 3,920p target. Bu
Read moreStagecoach to lose hold of UK's South West train franchise
7th Jul 2015 10:18
Stagecoach failed to extend the contract to run the South West Trains franchise beyond February 2017, despite management's confidence about being able to do so until at least April 2019. The Department for Transport ended the long negotiation process with the FTSE 250 company's subsidiary, South Wes
Read moreBroker Tips: Stagecoach, Colt, Land Securities, Betfair
1st Jul 2015 10:51
RBC Capital Markets downgraded Stagecoach to 'sector perform' from 'outperform' but raised the target price to 425p from 395p. After minor forecast changes, the brokerage said it remains positively disposed to the company's strategy but sees the 12-month outlook now almost accommodated in the share
Read moreRBC downgrades Stagecoach to 'sector perform'
1st Jul 2015 08:22
RBC Capital Markets downgraded Stagecoach to 'sector perform' from 'outperform' but raised the target price to 425p from 395p. After minor forecast changes, the brokerage remains positively disposed to the company's strategy but sees the 12-month outlook now almost accommodated in the share price.
Read moreThursday share tips: StanChart, Stagecoach Group
25th Jun 2015 17:21
Like other global banks new StanChart chief Bill Winters's remit is clear, seek high, sustainable and low-risk returns while culling costs at the rest of business units. Hopefully, he will not be as timid as Deutsche Bank on divestments nor be as keen as HSBC to reinvest. Winters is making the right
Read moreFTSE 250 movers: Elementis plummets on profit warning, Stagecoach up on stronger profits
24th Jun 2015 12:55
Mid-caps edged lower on Wednesday, as gains made by transport, retail and property stocks were eclipsed by weakness in the industrial metals and computer services sectors. As of 14:30 BST, the FTSE 250 was trading 0.5% lower at 17,911. Ladbrokes reversed Tuesday's gains, which were driven by the co
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