Sector movers: Non-OPEC oil deal boosts producers
12th Dec 2016 14:30
(ShareCast News) - Evraz led its sector to the top of the leaderboard with its stock hitting a new 52-week high as steel rebar prices notched up fresh gains. Overnight, Chinese steel rebar futures rose from $500.1 a tonne to $524.5 even as Chinese securities traded mostly lower on news that the s
Read moreBroker tips: Dixons Carphone, Wizz Air, TalkTalk
1st Dec 2016 15:51
(ShareCast News) - Dixons Carphone racked up some healthy gains on Thursday as Credit Suisse initiated coverage of the stock at 'outperform' with a 12-month 420p price target, implying a one-year total shareholder return of 30%. CS argued that Dixons Carphone was a rare example of a successful retai
Read moreTalkTalk slumps on JP Morgan downgrade
1st Dec 2016 08:57
(ShareCast News) - TalkTalk was under the cosh on Thursday as JPMorgan Cazenove downgraded the stock to 'underweight' from 'neutral' and slashed the price target to 150p from 230p. The bank said the big drop in the shares since the first-half results reflects increased uncertainty about the future t
Read moreDirectors dealings: TalkTalk non-exec piles in
30th Nov 2016 16:02
(ShareCast News) - Talk Talk's Roger Taylor showed conviction in the broadband provider's prospects, making away with a very large number of shares via two purchases. The non-executive director paid a total of £3.17m for 2.0m shares in two transactions carried out on 28 and 29. The company's shares
Read moreSector movers: Miners and Big Oil pace losses
29th Nov 2016 16:05
(ShareCast News) - Miners were at the bottom of the pile as commodity futures took a breather following recent sharp gains. As of 1651 GMT, copper futures for delivery in March 2017 were falling 2.42% to $2.6060 a pound on COMEX, although during the previous session LME three-month futures had at on
Read moreBroker tips: Man Group, Restaurant Group, TalkTalk
28th Nov 2016 12:38
(ShareCast News) - Man Group slumped as Exane BNP Paribas downgraded the stock to 'neutral' from 'outperform'. "We see scope for a slowdown in flows as a consequence of flagging performance at AHL and at GLG. Performance issues are also likely to impact the long term outlook for management fee margi
Read moreTalkTalk slumps as Citi cuts price target
28th Nov 2016 08:47
(ShareCast News) - TalkTalk was under pressure as Citigroup cut its price target on the stock to 150p from 230p and kept the stock at 'neutral' saying it was still too risky. The bank said the fall in the target price was due to cutting cash flow forecasts given lower earnings before interest, taxes
Read moreRedburn sees TalkTalk ditching dividends
21st Nov 2016 15:18
(ShareCast News) - Talk Talk´s strategy of raising prices on a shrinking customer base was a poor proposition, even more so with growth in the overall market flat, analysts at Redburn said. Together with increased competition from the likes of Virgin Project Lightning and Vodafone, the prospects for
Read moreFTSE 250 movers: Oil services stocks bounce, Kaz knocked off high
15th Nov 2016 16:00
(ShareCast News) - The FTSE 250 index was on the up again on Tuesday, rising almost 0.5% to over 17,550 by mid-afternoon as oil-related stocks inflated on hopes of more oil price gains. Oil service companies Petrofac and Wood Group were among the top risers, with engineer Amec Foster Wheeler a
Read moreTeenager admits TalkTalk hacking offences
15th Nov 2016 13:58
(ShareCast News) - A 17-year old boy has admitted seven hacking offences linked to the TalkTalk data breach in October last year. The teenager, who cannot be named for legal reasons, was arrested in Norwich last November following an investigation by the Metropolitan Police's cyber crime unit and ch
Read moreTalkTalk first half pre-tax profits up
15th Nov 2016 07:48
(ShareCast News) - First half pre-tax profits at troubled telecoms group TalkTalk rose to £46m from £14m as revenues fell by £10m to £902m. The company, which was fined a record £400,000 for failing to stop a cyber attack on its customer records, said it expected full year earnings before interest,
Read moreSunday share tips: Majestic Wine, TalkTalk, Vodafone, Van Elle
13th Nov 2016 13:25
(ShareCast News) - Buy Majestic Wine shares, recommended the Sunday Times' Inside the City column, after their halving over the last two years. New chief executive Rowan Gormley took over with a turnaround objective after a series of profit warnings, the latest in September. He has set a target of d
Read moreMonday broker round-up
7th Nov 2016 11:39
(ShareCast News) - Acacia Mining: JP Morgan keeps at overweight with a target price of 620p. Indivior: Jefferies stays at buy, 450p target. Centrica: Berenberg reiterates buy with a 240p target. South 32: Deutsche Bank reiterates hold with a 122p target. Glencore: JP Morgan keeps at neutral with
Read moreTuesday broker round-up
18th Oct 2016 12:36
(ShareCast News) - BT Group: Goldman Sachs keeps at buy with a target price of 560p. Bellway: Canaccord reiterates buy, 2350p target. Standard Life: Barclays keeps at underweight with a 301p target. Debenhams: HSBC maintains reduce with a 50p target. Smiths Group: UBS keeps at neutral with a 1510
Read moreTalkTalk fined record £400k over cyber attack
5th Oct 2016 14:05
(ShareCast News) - TalkTalk has been fined a record £400,000 by the Information Commissioner's Office for failings over a cyber attack last year that affected more than 150,000 of its customers. Following an in-depth investigation, the ICO found that the telecoms group could have prevented the hack
Read more