Broker snap: Panmure prefers Thomas Cook to TUI Travel
26th Sep 2013 11:19
TUI Travel remains a high-quality tour operator according to Panmure Gordon, but the broker's preference in the sector remains for Thomas Cook. TUI Travel impressed the market on Thursday after saying that trading has been slightly ahead of expectations due to a strong summer season and decent earl
Read moreLondon open: Markets tentative ahead of economic data
26th Sep 2013 08:19
Markets opened tentatively on Thursday morning as investors awaited economic growth figures from both sides of the Atlantic due out later on. Wall Street benchmarks ended Wednesday's session slightly lower with the S&P 500 finishing in the red for the fifth straight day - its longest losing streak
Read moreThomas Cook reports weak summer bookings
26th Sep 2013 07:29
Tour operator Thomas Cook reported a fall in bookings in the UK over summer and flat sales in Europe. In a trading update ahead of the company's full-year 2013 results in November, the group said UK bookings were down 3% on last year with a capacity reduction of 2.5%. In Continental Europe booki
Read moreFTSE 250 movers: SuperGroup shares retreat one day after record results
6th Sep 2013 14:26
Superdry owner SuperGroup was retreating one day after revealing its quarterly sales had soared by a quarter, following strong demand across the group, in particular womenswear, as it moves into the autumn period with confidence. The fashion retailer said total group sales for the quarter to July 2
Read moreLSL Chief sells four million shares ahead of role change
5th Sep 2013 16:11
Simon Embley, the out-going Chief Executive of LSL Property, announced plans to sell just short of 20m pounds-worth of shares in the residential property services provider. Embley, who is changing roles within the company to Deputy Chairman on September 9th, traded in a total of 4.16m shares at an
Read moreFTSE 250 movers: Kenmare Resources, St. Modwen Properties
4th Sep 2013 14:26
Kenmare Resources gained after Goldman Sachs lifted its rating to 'conviction buy' from 'buy'. St. Modwen Properties rallied after JP Morgan reiterated an 'overweight' rating for the company's stocks. Thomas Cook Group fell along with airline and travel stocks after Ryanair issued a profits warnin
Read moreLondon close: Stocks sold off on concerns over QE taper, Egypt
15th Aug 2013 16:34
Markets largely shrugged off a strong set of UK retail sales figures today, instead choosing to focus on economic data from the States which continues to throw more weight behind the argument to taper quantitative easing. The ongoing violence in Egypt also continues to be a worry for markets after
Read moreFTSE 250 movers: Ophir sinks after first-half results
15th Aug 2013 14:46
Africa-focused oil and gas group Ophir Energy was a heavy faller on Thursday as investors gave a cool reaction to the company's first-half report. While the firm narrowed its pre-tax loss to 19.4m dollars from 24.4m dollars previously, market chatter pinned the share-price reaction to delays in find
Read moreBroker tips: StanChart, TUI Travel, Intu Properties
7th Aug 2013 11:36
Emerging markets-focused bank Standard Chartered was in focus on Wednesday, a day after its interim results impressed the market, with a number of brokers reacting to the figures. Numis raised its rating for the stock to 'add', while Exane BNP Paribas stayed 'neutral' and lifted its target price fr
Read moreBroker snap: Panmure prefers Thomas Cook over TUI Travel
7th Aug 2013 11:35
Panmure Gordon has maintained its 'hold' recommendation for travel operator TUI Travel despite strong trading in the third quarter, as it reiterated its preference for sector peer Thomas Cook. The broker said that fiscal third-quarter trading was strong as expected driven by the UK and Nordic regio
Read moreLondon close: HSBC weighs on markets despite strong data
5th Aug 2013 16:32
Worse-than-expected results from the FTSE 100's largest constituent, HSBC, hit markets hard on Monday though losses were limited by some strong economic data from across the globe. The FTSE 100 finished down 28 points at 6,620. Before HSBC's results were released, services data from the UK, Eurozo
Read moreFTSE 250 movers: Thomas Cook jumps on dividend hopes
5th Aug 2013 13:37
Travel operator Thomas Cook was flying high on Monday after upbeat comments from a number of brokers following last week's well-received third-quarter results. Citigroup raised its rating for the stock today from 'neutral' to 'buy', saying that the delivery of cost savings should "drive material up
Read moreBroker tips: RBS, Thomas Cook, Polymetal
5th Aug 2013 11:12
'Many challenges' await Ross McEwan, the new Chief Executive Officer at Royal Bank of Scotland (RBS), according to analysts at Exane BNP Paribas who kept their 'neutral' rating for the stock following Friday's results. Exane said that the internal appointment of McEwan is "unlikely to raise confide
Read moreBroker snap: Panmure expects 2015 dividend at Thomas Cook
5th Aug 2013 10:25
Panmure Gordon has hiked its target price for tour operator Thomas Cook following the firm's strong set of third-quarter results last week. The broker has upgraded its forecasts for the next three years by 6-8% and now expects a profit before tax of £114m this year, rising to £230m in 2014 and £292
Read moreMonday broker round-up UPDATE
5th Aug 2013 07:06
Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N
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