Broker tips: Smiths Group, AB Foods, Micro Focus
30th Aug 2016 13:10
(ShareCast News) - Smiths Group's shares gained on Tuesday as JP Morgan Cazenove reiterated an 'overweight' rating and lifted the price target to 1,585p from 1,300p. JP Morgan said the technology company's 2016 financial year ended on a "very positive note", with the trading update on 9 August indic
Read moreRBC ups AB Foods, downgrades Sports Direct and Debenhams
30th Aug 2016 09:52
(ShareCast News) - RBC Capital Markets upgraded Associated British Foods, but downgraded Debenhams and Sports Direct as it took a look at the European general retail sector. "The general retail sector has bounced back from a post-Brexit selloff. However, we still see opportunities to buy stocks like
Read moreFriday newspaper round-up: NHS, House prices, Energy supply, Google
26th Aug 2016 07:01
(ShareCast News) - NHS bosses throughout England are quietly drawing up plans for hospital closures, cutbacks and radical changes to the way healthcare is delivered in an attempt to meet spiralling demand and plug the hole in their finances, an investigation by the Guardian and campaign group 38 Deg
Read moreThursday newspaper round-up: Apple tax, Sports Direct, Panama Canal
25th Aug 2016 07:14
(ShareCast News) - The US has launched a stinging attack on Brussels' tax investigations into Apple and other companies in an escalation of the transatlantic battle over alleged EU targeting of US multinationals. In a last-ditch shot before Brussels announces the results of its lengthy investigation
Read moreWednesday newspaper round-up: Fund outflows, North Sea Union, Berkeley Group
24th Aug 2016 07:56
(ShareCast News) - The immediate fallout from Brexit yielded the biggest outflow of funds from investment managers for at least three years in July as UK investors preferred to put their cash into safe havens. Figures from Morningstar, the financial data specialist, showed that investors pulled near
Read moreSports Direct uses Mike Ashley's sibling for some overseas deliveries - report
22nd Aug 2016 14:41
(ShareCast News) - Sports Direct pays some takings from web customers outside the UK to a delivery brokerage owned by founder Mike Ashley's brother, according to a report. Financial Times added that the FTSE 250-quoted retailer did not disclose this in its published accounts. The newspaper noted th
Read moreFindel's advisers eye retail specialist Terry Duddy as potential chairman - report
22nd Aug 2016 13:56
(ShareCast News) - Mail-order retailer Findel's advisers have approached former Argos and Homebase boss Terry Duddy about becoming the company's chairman, according to a report. Duddy was among several people being sounded out by Findel's advisers, Sky News has reported. Findel last month rebuffed
Read moreMonday newspaper round-up: Brexit chaos, Nigeria oil, house prices, ITV-ETO
22nd Aug 2016 07:02
(ShareCast News) - Leaving the EU may not not happen anytime soon given that civil servants charged with the task don't yet have an office and hold meetings in Starbucks. Some estimates suggest "full Brexit" may take 10 years and involve up to 10,000 people, not only in the new and other so-called "
Read moreSports Direct to publish independent report on working conditions before AGM
18th Aug 2016 14:39
(ShareCast News) - Retailer Sports Direct has commissioned an independent report into its working conditions, which it will publish early next month. The report, which is being carried out by law firm Reynolds Porter Chamberlain (RPC), will be published on 5 September, ahead of the company's annual
Read moreSunday newspaper round-up: Brexit in 2019, bank regulation, ITV, William Hill
14th Aug 2016 17:49
(ShareCast News) - Britain could remain in the EU until late 2019, almost a year later than predicted, ministers have privately warned senior figures in the City of London. Theresa May has been expected to enact article 50 in January, setting in train the formal two years of negotiations before Brex
Read moreSunday newspaper round-up: Interest rates, EU single market, IHG, Poundland
7th Aug 2016 15:33
(ShareCast News) - Savers face five more years of record-low returns, with investors betting that the Bank of England will not undo last week's interest rate cut before the end of the decade. City traders expect Bank governor Mark Carney to slash borrowing costs again before the end of the year, the
Read moreSports Direct kicks off share buyback
29th Jul 2016 08:21
(ShareCast News) - Sports Direct said it had bought 365,957 ordinary shares at 285.2p each as part of the buy back announced on Thursday to shore up its waning share price. The purchased shares will all be held as treasury shares, Sports Direct said in a statement. The company plans to buy back up t
Read moreSports Direct sprints higher on share buyback flip-flop
28th Jul 2016 10:08
(ShareCast News) - Having played down the prospect earlier in the month, Sports Direct has decided to try and boost its waning share price with a proposed £90m buyback of around 5% of its shares, which it hopes to increase later in the year. The FTSE 250 company said its broker Citigroup would buy u
Read moreSports Direct boss accused of running 'Victorian workhouse'
22nd Jul 2016 10:56
(ShareCast News) - A parliamentary inquiry has accused Sports Direct boss Mike Ashley of operating his chain like a "Victorian workhouse" and failed to treat his workers without any dignity or respect. Forced to endure a draconian set of rules in harsh conditions, staff were too afraid to take time
Read moreLondon close: Banks, financials and property fly amid BoE rate-cut chatter
7th Jul 2016 16:38
(ShareCast News) - UK shares flew north with Associated British Foods leading blue chips on a chipper update and chased by a peloton of banking, financial and property stocks on rising expectations of a Bank of England rate-cut next week. "Today marks the first day since the (non-binding Brexit) ref
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