Wednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreWednesday broker round-up UPDATE
23rd Jul 2014 09:01
Abcam: Canaccord Genuity ups target price from 375p to 400p and upgrades from hold to buy. ARM Holdings: Deutsche Bank cuts target price from 975p to 950p and maintains a hold recommendation. Credit Suisse lowers target price from 1125p to 1100p and leaves its outperform rating unaltered. Beazley:
Read moreFTSE 250 movers: Evraz soars on latest rumours
7th Jul 2014 15:45
Evraz shares extended Friday's gains, today lifted by rumours Mechel, a Russian miner, is planning to merge its assets with the steel giant. At the end of last week the group was lifted by rumours it was looking to offload a stake in its North American assets in an effort to cut debt. Balfour Beat
Read moreSunday tips round-up: Serco, Balfour Beatty, N Brown
6th Jul 2014 17:41
Serco is becoming a classic falling knife share, Questor said in The Sunday Telegraph. Its loss of the contract to run London's Docklands Light Railway caps a grim 12 months for the outsourcing group. The problem for Rupert Soames, the new Chief Executive, is that Serco is in danger of being locked
Read moreFriday tips round-up: Balfour Beatty, Serco
4th Jul 2014 10:19
Investors in Balfour Beatty have had a bad time of it of late. The UK construction group likes big, complex projects but during the recession the appetite for those was understandably curtailed. Hence, the company went after low margin work. The result is that while its UK engineering services arm g
Read moreLondon pre-open: Little change ahead of quiet session
4th Jul 2014 07:44
UK-listed companies are expected to edge slightly lower at the opening bell following yesterday's data-heavy session and ahead of a much quieter day today. The session will see little in the way of either company or economic news, compounded by the absence of US trading to mark the Fourth of July
Read moreKeolis Amey Docklands beats Serco and Stagecoach to DLR deal - UPDATE
4th Jul 2014 07:16
A consortium including the UK arm of French railway SNCF and support services group Amey has won the contract to run London's Docklands Light Railway, beating off competition from support services group Serco and transport group Stagecoach. Transport for London (TfL) said it had chosen Keolis Amey
Read moreLondon pre-open: Quiet start ahead of 'noisy' day
3rd Jul 2014 07:40
Investors are holding their breath ahead of today's torrent of economic data and events as they await firm direction following yesterday's quieter session. City sources predict the FTSE 100 will open around five points higher than yesterday's close of 6,816.37. The main release today is the month
Read moreSerco trading in line despite problems
3rd Jul 2014 07:10
- Trading in line with expectations - Strategy Review proceeding according to plan - Financial position steady Government outsourcing group Serco said, while difficulties continue on some contracts, overall its trading and financial position has been in line with expectations since its last update
Read moreSerco to shake up Africa, Middle East and Asia business
18th Jun 2014 07:43
Troubled support services group Serco is launching a shake-up of its Africa, Middle East, Asia and Australasia (AMEAA) business and pledged to go solo in a bid for a UK rail franchise. Serco, which has been hit by a controversy over prisoner tagging in the UK, plans to close a regional office in Ho
Read moreAggreko names Centrica director Weston as new CEO
29th May 2014 07:32
Aggreko, the temporary power and temperature control services group, has appointed Centrica board member Chris Weston as its new Chief Executive Officer (CEO). Weston, currently Managing Director of Centrica's International Downstream division, will replace Aggreko's interim CEO Angus Cockburn who
Read moreLondon open: UK markets flat as Glaxo falls
28th May 2014 08:37
- European stocks retreat from six-year highs - Economic data in focus - GSK to be investigated by UK fraud body - Weir drops pursuit of Metso techMARK 2,784.94 -0.05% FTSE 100 6,838.75 -0.09% FTSE 250 15,885.65 +0.26% UK equities opened more or less flat on Wednesday as markets showed caution aft
Read moreSerco takes over Caledonian Sleeper franchise from FirstGroup
28th May 2014 07:32
Serco has been selected to manage the new 15-year franchise for the Caledonian Sleeper service between London and several Scottish cities. From April 1st 2015, the company will take over from FirstGroup which currently operates the service through its ScotRail franchise. Transport Scotland announc
Read moreSunday newspaper round-up: Intercontinental Hotels, George Osborne, AstraZeneca
25th May 2014 09:42
Intercontinental Hotels has turned down a 6bn pounds takeover approach from an unnamed investment fund, the Sunday Times reported. The approach is said to have been made in the last three weeks but the board thought it was too low to consider. City sources think the group could now be a target for a
Read moreBroker tips: IAG, Serco, Grafton, Tullett Prebon
9th May 2014 12:39
British Airways and Iberia owner IAG is 'clearly making progress', according to Hargreaves Lansdown Stockbrokers which said that reduced losses in the first quarter were better than forecast. Hargreaves said that hopes of a return to a payment of a dividend "are moving onto the agenda". It added: "
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