Friday tips round-up: Xstrata, Savills, Enterprise Inns
10th Aug 2012 07:02
In the Telegraph, Questor takes on the Xstrata / Glencore takeover saga. The basic facts are that Xstrata's shareholders want more shares in exchange for their holdings and have been bolstered by impressive half year numbers which show Xstrata weathering a drop in commodity prices well. The firm als
Read moreEurope drags down Savills
9th Aug 2012 08:08
Property consultancy Savills has reported a slump in pre-tax profits as it battles a Eurozone recession and caution in Asia. Revenue for the half year to the end of June was £353.3m, up 5% on the prior year but underlying profits before tax fell 4% to £19.7m. The group has raised its interim divi
Read moreTuesday broker round-up
24th Jul 2012 08:15
Aberdeen Asset Management: Societe Generale upgrades to buy from hold. Aggreko: S&P Equity Research upgrades to buy. BT Group: Societe Generale raises target from 210p to 220p, hold rating kept. CareTech: Canaccord Genuity ups target from 166p to 194p, buy rating kept. Carpetright: Merchant Secu
Read moreWednesday broker round-up
23rd May 2012 09:29
Barclays: Investec maintains buy recommendation and 240p target. BTG: Jefferies keeps buy rating and 410p target. Burberry: Nomura remains a buyer with a 1,530p target; Merchant Securities keeps hold rating; Investec reiterates buy rating and 1,690p target. Cobham: UBS ups target from 255p to 260
Read moreLaura Ashley Deputy Chairman sells 400,000 shares
20th Apr 2012 11:59
David Masters, Deputy Chairman of Laura Ashley, the fashion and homeware retailer, has sold off a chunk of shares at an average price of 23.5p each. Masters, who now holds one million shares, sold 406,250 for a total of £95,469. The sale was made on April 18th, just over a fortnight since the co
Read moreSavills beats forecasts despite European headwinds
15th Mar 2012 07:17
Savills, the global estate agent and property consultancy, managed to grow profits in 2011 despite weaker trading in Europe and the Far East. Underlying profit before tax for 2011 increased by 7% to £50.4m (2010: £47.3m), on revenue which grew by 7% to £721.5m (2010: £677.0m). These figures were
Read moreSavills says any activity decline won't be significant
17th Nov 2011 15:42
Savills, the real estate advisor, says that it does expect any reduction in activity during the year to be significant, despite the current economic woes. Since June the business overall has continued to perform in line with expectations, with the Prime London Residential and Asia Pacific busines
Read moreFriday tips round-up: Savills, Soco, Sage...
19th Aug 2011 06:47
The last time we looked at the Savills, we opted to buy, reasoning that its international reach, coupled with exposure to the resilient upper end of the UK market, gave it an edge. Yesterday's half-yearly results confirmed our confidence. The group said revenues in the six months to the end of June
Read moreFTSE 250 Movers: Savills given leg up by 39% profit surge
18th Aug 2011 13:35
Savills' share price was looking up after the real estate advisor posted a 39% surge in half year profit and said it remains well positioned for long term growth across its core regions. Pre-tax profit rose to £20m for the six months ended 30 June 2011 from £14.4m in 2010. Group revenue advanced 10
Read moreLondon pre-open: Downward trend to continue
18th Aug 2011 07:32
Stocks are set to open lower with City traders predicting the blue-chip index will open some 60 points down from last night's close of 5,332. FTSE 100 mining giants Anglo American and Xstrata have announced that a coal mine in Colombia, in which they own a 33.3% interest each, has received approval
Read moreSavills posts 39% profit hike
18th Aug 2011 07:29
Real estate advisor Savills posted a 39% surge in half year profit and said it remains well positioned for long term growth across its core regions. Pre-tax profit rose to £20m for the six months ended 30 June 2011 from £14.4m in 2010. Group revenue advanced 10% to £335.8m. Savills said strong gro
Read moreFTSE 250 movers: Retailers head lower
31st Mar 2011 14:36
Retailers are providing a drag on the index today, with Mothercare, Dixons, Carpetright, Sports Direct and Dunelm losing 4% or more. Baby clothes retailer Mothercare has seen its share price drop by almost a tenth, after margins were squeezed in the quarter to 26 March. Also under the weather is r
Read moreBroker tips: Mothercare, Savills, Dixons
31st Mar 2011 12:31
Peel Hunt cuts its target price at Mothercare by 22% to 350p, from 450p, saying that it would not look to buy the shares above this price, particularly given that the baby clothes and children's toys retailer is not geared into any eventual consumer recovery. Thursday's interim management statement
Read moreBroker snap: Forecasts upped at Savills, but upside limited
31st Mar 2011 10:38
RBS ups its estimates for real estate advisor Savills after forecast-beating results, but keeps its cautious stance on the stock as it sees little room for the share price to outperform. 2010 pre-tax profit came in at £47.3m, representing an 8% beat versus consensus estimates, helping by strength f
Read moreFriday tips round-up: Premier Farnell, Savills
18th Mar 2011 06:06
Premier Farnell offers strong growth, an exposure to the global market wherever that may be going and further margin enhancement. The shares sell on 13 times this year's earnings, which historically is reasonable for Premier. A strong hold; taking a long-term view, a buy says the Times. Upmarket pr
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