Sky boosted by Kepler Cheuvreux upgrade
27th Sep 2016 10:31
(ShareCast News) - Sky got a boost on Tuesday as Kepler Cheuvreux upgraded the stock to 'buy' from 'hold' saying its discounted cash flow-based fair value of 1,100p suggests nearly 30% upside from current levels, which is the highest in its large-cap media universe. The bank noted the stock has dro
Read moreNewspaper round-up: BoJ, RBS, BHP Billiton, Hinkley contract bonanza
21st Sep 2016 07:58
(ShareCast News) - The Bank of Japan has launched an unprecedented new kind of monetary easing as it set a cap on 10-year bond yields and vowed to overshoot its 2 per cent inflation target on purpose. Its decision demonstrates that even eight years after the global financial crisis, central bankers
Read moreNewspaper round-up: BoJ, RBS, BHP Billiton, Hinkley contract bonanza
21st Sep 2016 07:58
(ShareCast News) - The Bank of Japan has launched an unprecedented new kind of monetary easing as it set a cap on 10-year bond yields and vowed to overshoot its 2 per cent inflation target on purpose. Its decision demonstrates that even eight years after the global financial crisis, central bankers
Read moreMorgan Stanley ups Sky to 'overweight', says it's oversold
19th Sep 2016 08:33
(ShareCast News) - Morgan Stanley upgraded Sky to 'overweight' from 'equalweight' but cut the price target to 1,000p from 1,025p saying the stock was oversold. It noted that structural fears have pushed the shares down 25% year-to-date so that it now trades at about 9% of estimated 2018 free cash fl
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreSky invests £1m in Drone Racing League
14th Sep 2016 07:13
(ShareCast News) - Sky has invested £1m in the Drone Racing League, which includes a distribution deal to show the league on one of its channels from October. Sky Sports will show live events and broadcast content to the UK and Ireland airing 10 one-hour episodes of the league's season, which covers
Read moreSky's Love Productions rejects BBC to sell 'Bake Off' to Channel 4
13th Sep 2016 09:59
(ShareCast News) - Love Productions, a television producer 70%-owned by Sky, has secured a much improved rights deal for its hugely successful The Great British Bake Off programme with Channel 4 after negotiations broke down with the BBC. Love Productions is understood to have agreed a three-year de
Read moreThursday broker round-up
8th Sep 2016 14:03
(ShareCast News) - Tesco: JP Morgan reiterates underweight with a target price of 135p. G4S: Jefferies maintains underperform with a 160p target. Severn Trent: UBS keeps at neutral with a 2310p target. ITV: JP Morgan reiterates overweight with a 233p target. Babcock: Goldman Sachs keeps at buy wi
Read moreSky invests EUR4m in France's Molotov
2nd Sep 2016 13:54
(ShareCast News) - Sky has invested €4m in French over-the-top video platform Molotov as part of a larger financing round. Sky said the move was the latest in a series of investments in innovative start-up companies. Founded in 2014, Molotov distributes free and pay TV channels and content to consu
Read moreThe time is right for a Fox take-over of Sky, Macquarie says
26th Aug 2016 07:48
(ShareCast News) - The time was ripe for Fox to pick-up the 61% of Sky which it did not already own, following the 32% year-to-date share price drop in the shares of latter is US dollar terms, analysts at Macquarie said. For Sky, a deal would help it to consolidate its content offering via Fox´s fin
Read moreSky and Channel 4 back British online TV rights tool TRX
11th Aug 2016 15:38
(ShareCast News) - Sky and Channel 4 have both invested in The RightsXchange (TRX), a new online deal-making tool that enables TV rights buyers and sellers from around the world to complete licensing deals entirely online. TRX offers the like of Sky and other producers, such as ITV or Entertainment
Read moreWednesday round-up
3rd Aug 2016 12:13
(ShareCast News) - Laird: UBS upgrades to buy with a target price of 350p. Direct Line Group: Deutsche Bank maintains buy with a 435p target. Associated British Foods: Exane BNP Paribas reiterates outperform with a 3300p target. Sky: Goldman Sachs reiterates buy with a target price of 1029p. Fres
Read moreMonday broker round-up
1st Aug 2016 09:49
(ShareCast News) - Thomas Cook: Berenberg reiterates hol d with a target price of 60p. Diageo: JP Morgan maintains overweight with a 2400p target. Indivior: Jefferies reiterates buy with a 330p target. Anglo American: HSBC stays at hold with a 930p target. Just Eat: UBS keeps at sell with a targ
Read moreSky revenue and earnings ahead as customer numbers grow
28th Jul 2016 07:33
(ShareCast News) - Subscription broadcaster Sky posted results for the year to 30 June on Thursday morning, reporting a 7% increase in revenue to £11.965bn, with adjusted operating profit up 12% to £1.558bn. The FTSE 100 firm said adjusted earnings per share rose 13% during the period to 63.1p, and
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