Thomas Cook sells Neilson Active Holidays
25th Nov 2013 13:38
Thomas Cook Group has agreed to sell its specialist activity tour operator Neilson Active Holidays to private equity firm Risk Capital Partners for 9.15m pounds. The travel company expects the transaction will be complete by about December 10th. For the year to the end of September 2013 the Neils
Read moreLondon midday: Travel stocks lift markets higher after Iran deal
25th Nov 2013 11:18
- Markets hail Iran accord over nuclear programme - Oil, gold prices drop after Iran deal - US markets set to extend record highs techMARK 2,654.27 +0.46% FTSE 100 6,695.66 +0.32% FTSE 250 15,292.96 +0.69% News of a deal constraining Iran's nuclear programme gave equity markets a lift on Monday mo
Read moreMonday broker round-up UPDATE
25th Nov 2013 08:00
African Barrick Gold: Goldman Sachs ups target price from 110p to 140p, but still recommends selling. Alternative Asset Opps: Westhouse Securities initiates with a buy recommendation. Amino Technology: Northland Capital cuts target price from 110p to 100p and downgrades from buy to hold. Asian Pl
Read moreFTSE 250 movers: Housebuilders extend Thursday's gains
22nd Nov 2013 15:51
Housebuilders continued to climb on the back of the latest UK tax figures which yesterday signalled a housing boom, with stamp duty revenues at the same level they were at just before the economic crisis in 2008. Essar Energy revealed it is one step closer to its FTSE inclusion after major shareho
Read moreFriday broker round-up UPDATE
22nd Nov 2013 08:04
African Barrick Gold: Westhouse Securities upgrades to neutral with a target price of 170p. Antofagasta: Investec cuts target price from 737p to 716p and keeps a sell recommendation. Bank of Georgia: Numis raises target price from 2101p to 2662p and maintains a buy recommendation. Canaccord Genuit
Read moreFriday broker round-up UPDATE
15th Nov 2013 07:38
Amlin: Berenberg raises target price from 398p to 434p, but still recommends selling. Barclays cuts target price from 481p to 453p and retains an overweight rating. Antofagasta: Numis raises target price from 750p to 850p and reiterates a hold recommendation. AstraZeneca: Liberum Capital upgrades
Read moreThomas Cook reorganises at the top
7th Nov 2013 09:39
Travel group Thomas Cook has completed the realignment of its leadership team, as part of its efforts to 'professionalise' the group. Peter Fankhauser, who has worked for the company for 12 years and is currently Chief Executive for Thomas Cook UK and Continental Europe, has been appointed to the
Read moreFTSE 250 movers: Miners lifted by Chinese data
4th Nov 2013 15:39
As on the top-tier index, mining stocks were on the rise, buoyed by the upbeat outlook for top metals consumer China. Evraz, Kenmare, Afren, Hochschild and Ferrexpo were among the best performers. Activity in China's services sector in October expanded at its fastest pace in the last year, reinforc
Read moreThomas Cook sells Egyptian and Lebanese businesses
7th Oct 2013 08:44
Travel operator Thomas Cook confirmed that it has sold its Thomas Cook Egypt and Thomas Cook Lebanon businesses to Bahrain-based Yusuf Bin Ahmed Kanoo for 6.5m pounds in cash. The move comes as part of the group's three-year turnaround plan, following a bailout from its lenders two years ago.
Read moreThomas Cook simplifies brand structure
1st Oct 2013 07:10
Thomas Cook has announced it has begun to bring many of its brands together under a new logo in order to simplify its marketing strategy. Group Chief Executive Harriet Green said the company had begun for the first time in its 172-year history to bring its various subsidiary brands under one roof,
Read moreFTSE 250 movers: House builders given boost
30th Sep 2013 15:54
Bellway, Barratt Development, and Taylor Wimpey were among the best performing stocks on the FTSE 250 this afternoon as the outlook for the UK housing market continues to brighten. JPMorgan upgraded its rating for Barratt today to 'overweight', although cut Bovis Homes to 'underweight'. Keller Grou
Read moreFriday tips round-up: Thomas Cook, LSE
27th Sep 2013 09:14
The balance sheet and management of travel operator Thomas Cook was transformed after new Chief Executive Harriet Green came on board. The share price appreciation was thus to be expected, but the sheer scale of the turnaround has been startling. The shares, adjusting for this year's rights issue, w
Read moreLondon close: Stocks rise despite more unbalanced UK economy
26th Sep 2013 16:58
London's benchmark FTSE 100 index ended the day up 14.06 points at 6,565.59, rebounding after hitting a two-week low of 6,551.53 on Wednesday. That came after a solid reading on US initial weekly unemployment claims - unemployment is the key variable for the short-term economic outlook. However,
Read moreFTSE 250 movers: Soco Intl retreats after going ex-dividend
26th Sep 2013 15:26
Soco International shares started trading without the entitlement to its 40p dividend. SOCO announced on Wednesday that the drill stem tests thus far on the TGT-10XST1 well exploration well on the H5 fault block of the Te Giac Trang ("TGT") field have exceeded all pre-test expectations. Ladbrokes
Read moreLondon midday: Stocks fall as focus remains on US data
26th Sep 2013 11:49
Markets were trading in negative territory on Thursday morning as investors gave a subdued reaction to in-line growth figures from the UK and awaited more economic data from the US. The second and final revision of UK gross domestic product (GDP) growth for the second quarter held steady at 0.7%. M
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