Monday newspaper round-up: RBS, Thomas Cook, UK banks...
17th Dec 2012 06:49
Royal Bank of Scotland (RBS) remained tight-lipped last night amid speculation that it will take a hit of 350 million pounds from transatlantic regulators for its role in the Libor rate-rigging scandal. It was reported that RBS - 82 per cent owned by the British taxpayer after its 45 billion-pound s
Read moreFriday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreBroker snap: Credit Suisse initiates Thomas Cook at outperform
5th Dec 2012 15:16
On Wednesday morning analysts at Credit Suisse issued a research note initiating their coverage of Thomas Cook with an outperform rating and a 36p price target. They premised that on the company's renewed focus on cash generation, the projected £180m of self-help and cost savings, signs of package
Read moreWednesday broker round-up UPDATE
5th Dec 2012 07:19
Anglo American: Morgan Stanley reduces target price from 2110p to 1802p and keeps an equal weight rating. Brewin Dolphin Holdings: Peel Hunt raises target price from 185p to 230p and maintains a buy rating. British Sky Broadcasting Group: Nomura raises target price from 950p to 975p and reiterates
Read moreBellzone Mining founder sells shares to other stake holder
4th Dec 2012 16:13
The founder of Bellzone Mining, which develops two Iron ore and nickel/copper assets in Guinea, West Africa, has sold 50m shares in the company. Nikolajs Zuks, who has been the company's Managing Director since August 2009, disposed of the shares at 17p each for a total of £8.5m. As a result, Zuk
Read moreThomas Cook Chairman makes purchase following results disappointment
29th Nov 2012 16:48
The non-executive Chairman of Thomas Cook, the FTSE 250 travel company, has made a show of faith in the group as full-year losses widened on higher fuel costs and write-downs. Frank Meysman, who became Chairman one year ago, bought 100,000 shares at 24.57p a time for a total of £24,570. The comp
Read moreThursday broker round-up UPDATE
29th Nov 2012 07:27
Aberdeen Asset Management: Morgan Stanley raises target price from 365p to 375p; keeping an overweight rating. ASOS: Societe Generale raises target price from 2500p to 2530p and reiterates its hold recommendation. Babcock International: UBS downgrades from buy to neutral. Barratt Developments: HS
Read moreMitchells & Butlers Chief buys 45,800 shares
28th Nov 2012 16:45
Alistair Darby, the Chief Executive Officer of Mitchells & Butlers, the UK's largest operator of managed restaurants and pub, has boosted his holding in the group with the purchase of 45,800 shares. Darby, who only took up his current role in October, purchased the shares in two tranches; 44,716 on
Read moreThomas Cook losses widen, omits divi, analysts divided -UPDATE
28th Nov 2012 08:35
Shares of travel firm Thomas Cook nose-dived after it said full year losses widened on higher fuel costs and write-downs. Pre-tax loss widened to a thumping £485.3m in the year ended September 30th 2012 compared to a loss of £398.2m in 2011. Revenue fell to £9.49bn from £9.8bn previously. The heav
Read moreWednesday broker round-up UPDATE
28th Nov 2012 07:26
ARM Holdings: Barclays Capital raises target price from 750p to 820p, overweight rating kept. Assura Group: Oriel Securities starts with an add recommendation. Espirito Santo moves target price from 37p to 37.50p, buy recommendation unchanged. Britvic: Deutsche Bank raises target price from 370p t
Read moreWednesday preview: Thomas Cook and United Utilities
27th Nov 2012 15:27
It looks like the holiday is already over for the new head of Thomas Cook, Harriet Green, who joined the firm from electronics outfit Premier Farnell in July. Peel Hunt analyst Nicholas Batram predicts underlying pre-tax profits of £154m for the year to September 30th - that's around half of last y
Read moreSunday newspaper round-up: BP, Thomas Cook, RBS
25th Nov 2012 17:40
BP has opened secret talks with Russia's state-owned energy giant Gazprom to help build a pipeline to bring vast quantities of gas into Britain by 2016. David Peattie, BP's director for Russia, said talks were at 'an early stage' but Financial Mail understands that David Cameron has given the thumb
Read moreFriday broker round-up UPDATE
23rd Nov 2012 07:26
African Minerals: Citigroup reduces target price from 500p to 470p, buy recommendation reiterated. Alpha Real Trust: Panmure Gordon reduces target price from 77p to 76p, hold recommendation kept. Antofagasta: Alphavalue raises target price from 1073.30p to 1346.40p and upgrades to add. British La
Read moreThursday broker round-up - UPDATE
18th Oct 2012 09:24
Ashtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t
Read moreWednesday newspaper round-up: BP, Bank capital, Direct Line
10th Oct 2012 06:30
Angela Merkel, the German chancellor, has stamped her seal of approval on Greece's austerity plan and vowed to stand by the country as "partner and friend", signalling almost certain approval for the next tranche of EU-IMF Troika aid. The German leader - protected by 6,000 police - braved hostile cr
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