Tuesday broker round-up
13th Dec 2016 13:12
(ShareCast News) - British Land: Barclays reiterates overweight with a target price of 740p. GlaxoSmithKline: UBS reiterates neutral, 1600p target. Reckitt Benckiser: Jefferies reiterates buy with a 7750p target. GB Group: Berenberg reiterates buy with a 340p target. Great Portland Estates: Barcl
Read moreSector movers: Non-OPEC oil deal boosts producers
12th Dec 2016 14:30
(ShareCast News) - Evraz led its sector to the top of the leaderboard with its stock hitting a new 52-week high as steel rebar prices notched up fresh gains. Overnight, Chinese steel rebar futures rose from $500.1 a tonne to $524.5 even as Chinese securities traded mostly lower on news that the s
Read moreFox's Sky takeover faces major political obstacles, analysts say
12th Dec 2016 10:25
(ShareCast News) - Analysts said Sky's takeover by Twenty-First Century Fox faces several obstacles, including the new political climate, 'fit and proper' tests of directors and the objections of shareholders over the price. On Friday, Rupert Murdoch's Fox approached the FTSE 100 company with a prel
Read moreSunday newspaper round-up: Brexit challenge, US rate hike, Sky revolt, RBS
11th Dec 2016 17:28
(ShareCast News) - Another legal spanner has been thrown into the works of the government's Brexit plans, with a High Court challenge to attempt to prevent the UK from pulling out of the European single market. The Sunday Times reported that claimants, including Peter Wilding of the British Influenc
Read more21st Century Fox launches all cash offer for Sky
9th Dec 2016 16:10
(ShareCast News) - Sky agreed to a take over by US media giant 21st Century Fox at a price of 1075p per share in cash, for a 36% premium on the shares' closing price as of 8 December. That translated into an £11.2bn offer for the 61% of Sky which Rupert Murdoch's Fox did not already own. Any divide
Read moreSky launches mobile service into £15bn UK market
29th Nov 2016 21:20
(ShareCast News) - Sky said it will launch its mobile service in the UK next month with 46,000 customers already pre-registered for what some analysts said will be a quick money-spinner for the broadcaster, though others foresaw problems. The service, via a virtual mobile network operator model usin
Read moreCredit Suisse reviews European media stocks; downgrades Pearson
22nd Nov 2016 10:12
(ShareCast News) - Credit Suisse updated its ratings and initiated on stocks in the European media sector. The Swiss bank upgraded RELX from 'neutral' to 'outperform' and bumped up the price target to 1,600p from 1,370p. It said the company's high-quality assets with market-leading positions have le
Read moreTuesday broker round-up
22nd Nov 2016 09:56
(ShareCast News) - BT Group: UBS reiterates neutral with a target price of 400p. Tesco: JP Morgan reiterates underweight with a 135p target. Relx: Credit Suisse stays at outperform with a 1600p target. Pets at Home: HSBC reiterates buy with a 320p target. Royal Dutch Shell B: UBS starts coverage
Read morePremier League agrees bumper £560m Chinese TV rights deal
18th Nov 2016 14:47
(ShareCast News) - Chinese streaming service PPTV will pay as much as £650m to show Premier League games over the next three years, in what will be the football competition's largest ever overseas broadcast deal. PPTV is a unit of Suning Holdings Co, who bought a majority stake in Italian football g
Read moreFriday broker round-up
14th Oct 2016 09:46
(ShareCast News) - Acacia: Jefferies keeps at buy with a target price of 610p. Tesco: HSBC reiterates hold, 195p target. Weir: UBS downgrades to neutral with a 1830p target. Sky: HSBC reiterates hold with a 820p target. Playtech: UBS keeps at buy with a 1060p target. Jupiter: JP Morgan keeps at
Read moreSky shareholders protest reappointment of James Murdoch
14th Oct 2016 09:15
(ShareCast News) - Over 50% of independent Sky investors voted against the return of James Murdoch as chairman at the annual general meeting (AGM) on Thursday, over concerns about board independence and the phone-hacking scandal. Despite that, the appointment went through after the company's largest
Read moreSky makes strong start to financial year
13th Oct 2016 07:06
(ShareCast News) - Subscription broadcaster and broadband provider Sky posted an update to its first quarter trading on Thursday, with group revenue up 7% to £3.1bn and like-for-like revenue up 5%. The FTSE 100 firm reported positive growth in all markets, with revenue in the UK and Ireland up £101m
Read moreWednesday broker round-up
12th Oct 2016 14:40
(ShareCast News) - Shire: Goldman Sachs keeps at buy with a target price of 6300p. Page Group: HSBC reiterates hold, 385p target. McCarthy & Stone: UBS keeps at sell with a 150p target. Arrow Global: Macquarie reiterates outperform with a 335p target. Electrocomponents: Citigroup keeps at neutral
Read moreSky invests $2m in consumer electronics start-up Caavo
11th Oct 2016 09:25
(ShareCast News) - Sky has invested $2m in US-based consumer electronics start-up Caavo. The broadcaster said this was the latest in a series of investments in innovative, early-stage companies. Caavo was founded in 2015 by Andrew Einaudi, Ashish Aggarwal, Vinod Gopinath and Blake Krikorian with a
Read moreMonday broker round-up
10th Oct 2016 13:30
(ShareCast News) - Easyjet: Societe Generale downgrades to sell with a target price of 820p. BP: Barclays reiterates overweight, 600p target. Lloyds: Citigroup keeps at sell with a 48p target. Unilever: Jefferies reiterates hold with a 3530p target. Royal Dutch Shell: Barclays keeps at overweight
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