Monday 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 moreSynthomer profit rises amid improvement in Europe and North America
9th Aug 2016 10:35
(ShareCast News) - Specialty chemicals company Synthomer reported an increase in first-half profit thanks to ongoing improvements in Europe and North America. In the six months to the end of June, pre-tax profit rose to £61m from £58.7m in the first half of 2015, on revenue of £446.2m, up from £432.
Read moreLondon open: Equities slightly higher on stimulus hopes
1st Jul 2016 08:17
(ShareCast News) - London stocks opened higher on Friday, underpinned by expectations of fresh stimulus from the Bank of England and possibly from the European Central Bank. The FTSE 100 was trading almost flat at 6,505.65, up by just 0.02%, despite a backdrop of positive trading overnight on Wall S
Read moreSynthomer closes acquisition of US-based Hexion PAC
1st Jul 2016 07:20
(ShareCast News) - Synthomer completed the acquisition of rival US-based Hexion Performance Adhesives & Coatings for a total cash consideration of $226m, funded via existing cash resources and the utilisation of additional credit facilities. Hexion´s China business, which accounts for about 1.0% of
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreFriday broker round-up
29th Apr 2016 12:44
(ShareCast News) - BT Group: UBS upgrades to neutral with a 430p target. Howden Joinery: JP Morgan reiterates overweight with a 570p target. Weir: HSBC upgrades to hold with a target price of 1150p JP Morgan reiterates underweight with a target of 735p and Jefferies stays at underperform with 730p
Read moreSynthomer trading in line, reaffirms full year expectations
28th Apr 2016 08:02
(ShareCast News) - Specialty chemicals company Synthomer reaffirmed its full-year view on Thursday as it said the business continues to trade in line with expectations. In a trading update for the first quarter to the end of March, the FTSE 250 company said the Europe and North America segment perfo
Read moreTuesday broker round-up
29th Mar 2016 16:51
(ShareCast News) - Synthomer: Berenberg downgrades to hold with a target price of 345p. Next: Goldman Sachs downgrades to neutral, 6400p target, Canaccord downgrades to hold with a target price of 6025p, Deutsche Bank reiterates buy with a target of 6850p and Credit Suisse stays at underperform, 560
Read moreMonday broker round-up
21st Mar 2016 18:26
(ShareCast News) - Gulf Keystone: Canaccord downgrades to sell with a target price of 14p. B&M European: UBS reiterates buy, 350p target. Ascential: Goldman Sachs reiterates buy with a target price of 278p and Exane BNP Paribas stays at neutral with a target price of 250p. Premaitha Health: Panmur
Read moreLondon pre-open: Stocks seen lower as investors await fresh catalysts
21st Mar 2016 07:44
(ShareCast News) - London stocks are set to open lower on Monday as investors look for fresh catalysts at the start of a four-day week. The FTSE 100 is seen starting 28 points lower than Friday's close at 6,162. "The run up to the Easter Bank Holiday weekend is likely to be a quieter one both in te
Read moreSynthomer agrees to gobble up Hexion
21st Mar 2016 07:23
(ShareCast News) - FTSE 250 specialty chemicals company Synthomer announced the $226m (£156m) acquisition of Hexion Performance Adhesives & Coatings on Monday morning, to be completed this summer following regulatory approval and other conditions. The purchase - to be funded through existing cash an
Read moreTuesday broker round-up
8th Mar 2016 14:42
(ShareCast News) - South32: HBSC upgrades to buy with a target price of 85p. Capital & Counties Properties: Exane BNP Paribas downgrades to underperform. 348P target. Admiral Group: Nomura upgrades to buy with a target price of 2325p. Millennium & Copthorne Hotels: Berenberg downgrades to sell wit
Read moreThursday broker round-up
3rd Mar 2016 15:02
(ShareCast News) - ITV: Jefferies reiterates buy with a target price of 310p, Exane BNP Paribas keeps at neutral with a target of 250p, UBS stays at sell. 230P target and Nomura reiterates buy with a target price of 320p. Intertek: Deutsche Bank reiterates hold with a target price of 2700p and JP Mo
Read moreRecord earnings at Synthomer despite lower prices
2nd Mar 2016 08:15
(ShareCast News) - Depressed commodities prices pushed revenue down at Synthomer in 2015, but a focus on tight cost control saw the firm reporting some record numbers. The FTSE 250 company saw total sales, including its share of joint ventures, drop 9.7% during the year to £894m. Total volumes were
Read moreFTSE 250 movers: Tullett Prebon and ICAP acquisition talks boost market
6th Nov 2015 13:47
(ShareCast News) - The FTSE 250 is on track to finish the week on a high, with the market up 99.55 points (0.58%) mid-afternoon Friday to 17,216.68 points. Tullett Prebon and ICAP were the biggest risers on the back of confirmation that Tullett Prebon is in discussions regarding the possible acquisi
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