Broker tips: Shire, Tesco, WH Smith, Bwin.party
16th Oct 2014 12:46
Panmure Gordon has upgraded its rating for pharmaceutical group Shire despite the news that US rival Abbvie has recommended investors to vote against its $54bn takeover. The broker, which slashed its target price for the shares from 5,300p to 4,200p as a result of Abbvie's comments, said that Shire'
Read moreUpgrades due at WH Smith after strong results, 'buy' says Canaccord
16th Oct 2014 11:20
WH Smith's impressive annual results are likely to drive upgrades for the books-to-stationery retailer, according to Canaccord Genuity, which maintained its 'buy' recommendation and 1,225p target price for the stock on Thursday. Headline profit before tax (PBT) for the year ended 31 August increased
Read moreWH Smith ahead of target thanks to travel and high street gains - UPDATE
16th Oct 2014 08:03
Preliminary results from WH Smith were slightly ahead of target thanks to a strong year from its travel business and solid performance from the UK high street. Group total sales were down 2% to £1.12bn in the year to 31 August, with like-for-like (LFL) sales down 3%, but a 160-basis-point hike in gr
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreBroker tips: Glencore, Kazakhmys, WH Smith
21st Aug 2014 12:24
UBS has upped its target price for mining and commodities trading giant Glencore from 330p to 350p after an "encouraging" roundtable meeting with management. However, while the bank said it is attracted to the business strategy, it said the improving outlook for zinc and nickel markets and positive
Read moreMomentum is building at WH Smith, 'buy' says Investec
21st Aug 2014 11:35
Trading at WH Smith is "building momentum", according to Investec, which repeated its 'buy' recommendation for investors on Thursday following an 'in-line' pre-close statement from the stationery, magazines and books retailer. The company, which operates a chain of high street, railway, motorway an
Read moreWH Smith confirms annual results in line
21st Aug 2014 07:43
Retailer WH Smith confirmed that its annual results, out in October, will be in line with market expectations. The consensus, according to Thomson Reuters, is for £112.7m profit before tax. In a short trading update prior to the 31 August end of its financial year, the FTSE 250 group said that it
Read moreLondon pre-open: Small rise expected on FTSE ahead of data
21st Aug 2014 07:42
The FTSE 100 is set for a modest gain at Thursday's opening bell, with city sources predicting the index will open around eight points higher than yesterday's close of 6,755.48, tracking gains seen in the States last night. US stocks moved higher despite the Federal Reserve's latest policy meeting
Read moreFTSE 250 movers: Retailers mostly higher as UK unemployment falls
16th Jul 2014 15:12
A number of retailers including Debenhams, N Brown, AO World and Home Retail were on the rise today as investors welcomed the latest UK economic data which showed a drop in unemployment. The UK jobless rate declined from 6.6% to 6.5% in the three months to May, the lowest since 2008, though wage gro
Read moreThursday tips round-up: Flybe, WH Smith
12th Jun 2014 08:30
It's crunch time for Flybe as it prepares to start flights from London City airport starting in October, as part of a five year deal. The above are projected to account for half of the company's growth in commercial flights. That comes as the firm prepares to launch additional holiday routes to Spai
Read moreFTSE 250 movers: Broker comment pushes Dechra Pharma higher
11th Jun 2014 14:34
Investec helped Dechra Pharmaceuticals into the top 10 after reiterating its 'buy' rating and upping its target price from 787p to 842p. Online betting exchange Betfair thrashed analysts' full-year forecasts as management tackled the cost base and the introduction of a more traditional bookmaker's
Read moreLondon pre-open: FTSE to slide lower early on
11th Jun 2014 07:40
Stocks in the UK are expected to ease lower this morning following a more subdued finish to yesterday's session over in the States last night, with City sources predicting the FTSE 100 will open around 10 points below yesterday's close of 6,873.55. Having scorched to a succession of highs in recent
Read moreWH Smith upbeat despite sluggish high street sales
11th Jun 2014 07:12
- Total sales flat after mixed performance - Strong WH Smith Travel, High Street sales down 4% - Remains confident about full-year outcome Newsagent and bookseller WH Smith said total group sales in the first 14 weeks of the second half of the financial year were flat with like-for-like (LFL) sales
Read moreSunday newspaper round-up: TSB float, Barclays, Carphone Warehouse
8th Jun 2014 16:25
Lloyds Banking Group will price TSB at up to £1.44bn when it floats the new bank on the stock market - 10% below the new bank's book value, the Sunday Telegraph said. The valuation is designed to ensure a smooth reception for the initial public offering, making the bank priced "to go". Lloyds thinks
Read moreFTSE 250 movers: African Barrick climbs on rating upgrade
11th Apr 2014 15:31
African Barrick Gold rose after Numis raised its target price from 170p to 260p and upgraded the miner from 'sell' to 'hold'. Drax also climbed following Deutsche Bank's decision to reiterate its 'buy' rating on the stock. Technology group Pace and biotech-focused Worldwide Healthcare Trust were l
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