Friday broker round-up
8th Jun 2012 08:11
AVEVA: Merchant Securities maintains buy rating and 1,850p target. Berendsen: HSBC upgrades to overweight, target cut from 575p to 550p. BP: Credit Suisse maintains outperform recommendation and 540p target. BT Group: Nomura cuts target from 295p to 285p, buy rating unchanged. International Cons
Read moreTracsis tech officer ditches shares
6th Jun 2012 15:54
Raymond Kwan, the Chief Technical Officer of Tracsis ditched 750,000 shares on the same day the firm announced that it considers it likely that the company will exceed current market expectations for the year ended July 31st 2012. Tracsis is a developer, supplier and aggregator of resource optimis
Read moreFriday broker round-up - UPDATE
1st Jun 2012 09:16
SAB Miller: Credit Suisse reiterates outperform; Societe Generale upgrades to buy from hold, while raising target to 2,800p from 2,600p. ITV: Investec downgrades to sell from hold, lowers target to 60p from 90p. BP: Jefferies reiterates buy recommendation and 525p target. Enterprise Inns: Peel
Read moreFriday tips round-up: Thomas Cook, Tate and Lyle, Fuller's
1st Jun 2012 06:57
Questor in The Telegraph is not keen on Thomas Cook, despite its 87 per cent share-price slide tempting a few analysts into a buy recommendation. Yes, the firm has restructured its massive debts and increased revenues (through acquisitions), but losses are growing and Eurozone headwinds are awful -
Read moreThursday broker round-up
31st May 2012 09:26
Aviva: Nomura cuts target from 600p to 540p, buy rating unchanged. Babcock: Panmure Gordon downgrades from buy to hold, target left at 940p. BG Group: Jefferies reiterates buy stance and 2,000p target. BHP Billiton: Credit Suisse maintains outperform rating and 2,460p target. BT Group: Nomura ke
Read moreThomas Cook deeper in the soup
31st May 2012 08:47
The heavily indebted travel firm Thomas Cook, has reported increased losses as political instability in north Africa and a poor performance in north America hit the half year performance. In the six months to the end of March revenues increased 3% over the same period of 2011 to £3.517bn but underl
Read moreThomas Cook's disposals get overwhelming support
29th May 2012 13:06
Struggling tour operator Thomas Cook lives to fight another day after shareholders overwhelmingly backed plans to sell assets to raise much needed cash. There were hardly any dissenters at the general meeting called to ratify the decision to sell the company's interest in HCV to Iberostar, and the
Read moreMonday newspaper round-up: Retailers, Infrastructure, Manufacturing
28th May 2012 07:12
The country's beleaguered high street will not recover for another three years and will underperform for the rest of the decade, according to leading economic commentators. Retailers will have to weather a "tough trading environment" as householders' hoarding of cash and debt repayment mean consumer
Read moreFriday newspaper round-up: Inflation, Thomas Cook, Banking
25th May 2012 06:53
David Cameron will face demands from Tory MPs to redraw Britain's relationship with Europe in the event of a Greek exit from the Eurozone, senior government sources believe. No 10 and the Foreign and Commonwealth Office say that treaties governing the European Union will have to be rewritten after t
Read morePremier Farnell's CEO heading to Thomas Cook
24th May 2012 07:08
Harriet Green, who has been the Chief Executive at electronic components supplier Premier Farnell since 2006, has announced her - some might say brave - decision to leave the company and take over at the helm of embattled travel company Thomas Cook. Green will step down from her current role after
Read moreTuesday broker round-up - UPDATE
22nd May 2012 09:26
Chamberlin: Charles Stanley maintains buy rating and 175p target. easyJet: Investec upgrades from hold to buy, target hiked from 500p to 670p. HomeServe: Charles Stanley cuts target from 290p to 250p, rating under review; Jefferies maintains underperform rating and 195p target. Inmarsat: UBS cut
Read moreSmall cap round-up: Thomas Cook, Endace, Baltic Oil Terminals
22nd May 2012 09:02
Thomas Cook, the struggling package tour operator, has sold its 77% stake in Thomas Cook India to a subsidiary of the financial services firm Fairfax Financial Holdings. The sales will net Thomas Cook around £94m and is equivalent to 50 rupees per share, which the firm said was a premium of 11% to t
Read moreTuesday newspaper round-up: HSBC, BoE, Thomas Cook
22nd May 2012 07:37
Stuart Gulliver, HSBC's chief executive, has said the bank had decided to drop "indefinitely" plans to look at moving its headquarters from London to Hong Kong. HSBC, which paid 1.5bn dollars (950m pounds) tax in the UK last year, threatened to leave the UK in the face of punitive financial regulati
Read moreBroker tips: Kesa Electricals, Thomas Cook, Chariot Oil and Gas
14th May 2012 11:19
Investec may have slashed its forecasts for electrical retailer Kesa Electricals but the broker has decided to raise its rating on the stock from sell to hold. Since the disposal of Comet in November 2011, Kesa's share price has continued to weaken "as investors fret over the macro-economic implica
Read moreBroker snap: Thomas Cook under a lot of pressure, says UBS
14th May 2012 11:15
UBS says that Thomas Cook's recent financial deal is just a short-term fix and is 'kicking the problem down the road'. The company announced last week that the new terms of the existing £1.4bn finance facility extend the maturity of its financing until May 31st 2015, and have revised financial cove
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