Broker snap: Clouds disappearing for tour operators
3rd Apr 2012 10:12
With the results now in from Britain's two biggest package tour operators, UBS has declared that things continue to look sunnier for TUI Travel than they do for Thomas Cook. The broker said that the pair, along with Swiss rival Kuoni, all delivered trading updates which partially confirmed expectat
Read moreBroker tips: BHP Billiton/Rio Tinto, Ashtead, tour operators
3rd Apr 2012 07:34
Nomura has looked at the possibility of a tie-up between the diamond businesses of BHP Billiton and Rio Tinto, both of which have been put up for sale. BHP's and Rio's diamond units are valued at $2.2bn and $1.9bn, respectively, and only represent around 1% of each company net present value. As the
Read moreWednesday broker round-up - UPDATE
28th Mar 2012 08:24
Babcock: UBS ups target from 800p to 880p, reiterates buy rating. Compass Group: Nomura keeps buy rating and 800p target. GKN: Investec reiterates buy rating and 240p target. Hansteen: Jefferies reiterates hold recommendation and 80p target. Henderson: Investec upgrades from hold to buy. Qineti
Read moreThomas Cook feeling winter chill, but summer looks brighter
28th Mar 2012 07:26
Fears that Thomas Cook might disappear slowly beneath the horizon have proved unfounded, with the troubled package tour operator saying trading across the group has stabilised, helped by its recently launched advertising campaign. Winter season bookings remain subdued, although they have improved i
Read moreAnite ups guidance on Thomas Cook contract
26th Mar 2012 10:11
Anite, a company which makes software for the leisure industry, is all sunshine this morning after announcing a big contract win with Thomas Cook. The deal will see Anite implement its @com reservation system in Thomas Cook's UK "Mainstream" division. The result is that Anite now believes revenues
Read moreThomas Cook turns down £400m cash injection
16th Mar 2012 09:57
Troubled tour operator Thomas Cook has rejected a £400m cash injection, according to the Financial Times. The paper says a group led by Terry Fisher, formerly of Airtours and Clive Jacobs and founder of Holiday Autos, put together the offer with the support of Thomas Cook's second biggest sharehold
Read moreWednesday broker round-up - UPDATE
29th Feb 2012 09:11
ITV: Nomura maintains neutral recommendation and 88p target; Prime Markets gives buy rating and 95p target; Peel Hunt ups target from 83p to 88p, hold rating kept. Standard Chartered: Nomura keeps buy rating and 1,800p target. CRH: UBS ups target from 1,150p to 1,300p, neutral rating kept. Schrod
Read moreThursday broker round-up - UPDATE
23rd Feb 2012 08:31
Bodycote: Credit Suisse raises price target on Bodycote to 380p from 350p. Royal Bank of Scotland: Nomura keeps reduce rating and 26p target. British American Tobacco: Nomura maintains buy rating and 3,320p target. RSA Insurance: Nomura reiterates buy rating and 148p target. Anglo American: Alp
Read moreWednesday broker round-up - UPDATE
8th Feb 2012 09:22
Reckitt Benckiser: Nomura maintains buy rating and 3,900p target. BP: UBS ups target from 500p to 525p, buy recommendation unchanged; Nomura keeps neutral rating and 500p target. Xstrata: UBS lifts target from 1,450p to 1,500p, buy rating kept. BSkyB: AlphaValue upgrades from reduce to add, targe
Read moreLondon open: Stocks rise with Greece in focus
8th Feb 2012 08:42
- Greek leaders scheduled to discuss draft deal. - Reckitt rises strongly after beating full-year targets. - Miners, financials provide a lift. Stocks opened higher on Wednesday following two days in the red, with banks and resource stocks providing a lift. Worth noting, the FTSE All-World equity i
Read moreThomas Cook to offload Indian unit as strategic review continues
8th Feb 2012 08:17
Shares in travel operator Thomas Cook rose strongly on Wednesday morning after the firm said it was offloading its stake in its Indian subsidiary as the group reported a 3% rise in first-quarter revenue. The firm said it has received a number of unsolicited informal expressions of interest for its
Read moreWednesday broker round-up - UPDATE
25th Jan 2012 09:00
Ashmore: Barclays upgrades to overweight from neutral. Glencore: UBS cuts target from 530p to 490p, buy rating unchanged. Vodafone: Nomura reiterates buy rating and 230p target. Britvic: Nomura keeps buy recommendation and 425p target; Collins Stewart gives sell rating and 290p target. WH Smit
Read moreBroker tips: Chemring, Thomas Cook, Retailers
24th Jan 2012 11:40
FinnCap has maintained its hold rating and 480p target price for military equipment maker Chemring following the firm's full-year results which the broker says were accompanied with a "fairly lacklustre outlook statement regarding NATO spending". "The shares have bounced by around 17% over the last
Read moreBroker snap: Thomas Cook still a buy despite booking disappointment, says Charles Stanley
24th Jan 2012 10:42
Charles Stanley has maintained its buy recommendation on Thomas Cook despite reports of poor bookings at the travel group over the first two weeks of the year. Thomas Cook's summer bookings by British customers fell 33% in the first two weeks of January according to an industry leisure monitor revi
Read moreTuesday broker round-up - UPDATE
24th Jan 2012 09:09
Ashmore: Royal Bank of Scotland downgrades to hold from buy. Hargreaves Lansdown: Royal Bank of Scotland downgrades to sell from hold. Weir: Goldman Sachs reiterates buy. Vedanta Resources: HSBC cuts target price to 1,320p from 2,110p; Credit Suisse keeps neutral stance and 1,400p target. Pear
Read more