Wednesday broker round-up
18th Jul 2012 09:21
Ashmore: Goldman Sachs upgrades to buy. Ashtead: Jefferies reiterates buy rating and 320p target. Booker: Investec maintains buy rating and 98p target. British Land: BarCap downgrades to equal weight. Capital Shopping Centres: BarCap upgrades to overweight. Chariot Oil & Gas: Merchant Securitie
Read moreTelecom Plus falls despite confident outlook
18th Jul 2012 08:47
Telecom Plus, which supplies a wide range of utility services, has said that half-yearly results will be firmly ahead of the corresponding figures for last year, and it remains on target to meet market expectations for the full year. The momentum the firm saw developing in the previous quarter has
Read moreTelecom Plus reports record figures
23rd May 2012 07:21
Utility services provider Telecom Plus is targeting a 20 per cent increase in customers this year after reporting record revenues and profits. The firm reported full year pre-tax profits up 11.8% to £30.7m, while revenues went up 12.6% to £471.5m, both in line with expectations. Earnings per share
Read moreWednesday preview: BoE minutes, FirstGroup, Telecom Plus
22nd May 2012 15:45
The minutes from the May meeting of the Bank of England's Monetary Policy Committee are scheduled for release on Wednesday at 09:30, and will get the usual rigorous going-over from the rune readers. The Bank of England toned down its economic growth projections for the UK economy in its May inflat
Read moreFriday broker round-up
30th Mar 2012 10:12
Cranswick: Investec lifts target to 870p and remains a buyer; Peel Hunt ups target from 750p to 800p, hold rating kept. Electrocomponents: Peel Hunt raises target from 180p to 225p but maintains sell recommendation. ENRC: Nomura slashes target from 750p to 700p and keeps reduce stance. FirstGroup
Read moreTelecom Plus to hit upgraded expectations
30th Mar 2012 07:44
Telecom Plus, which supplies a range of utility services under the brand name Utility Warehouse, has enjoyed a strong fourth quarter on the back of successful cross-selling of its services. The firm said around half of all new customers now take at least four of its core services, and believes this
Read moreTelecom Plus Director buys stock after strong January trading
1st Mar 2012 13:18
Julian Schild, a Non-Executive Director of Telecom Plus has bought shares in the utility services provider, two weeks after the firm said full year profits are expected to be slightly ahead of market expectations, after it enjoyed a recent acceleration in organic growth. Schild purchased 10,000 sh
Read moreAlumasc CEO builds stake as shares tank
16th Feb 2012 15:44
Paul Hooper, group Chief Executive at Alumasc, a building and engineering products company, has acquired over 37,000 shares in the firm on the same day the firm admitted that full year results will be materially below previous expectations. The company attributed this to margin pressures had overs
Read moreLondon close: Greek optimism buoys Footsie
13th Feb 2012 16:39
- Stocks rise as Greece approves austerity package. - CBI cuts UK GDP forecasts. - Vodafone confirms potential takeover of C&W Worldwide. Stocks managed to hold on to gains on Monday as Greece moves one step closer to securing the next crucial tranche of aid. Mining and financial stocks led the ri
Read moreFTSE 250 movers: C and W Worldwide bounces on Vodafone bid
13th Feb 2012 13:35
Telecoms firm Cable and Wireless Worldwide (CWW) leapt after rival Vodafone confirmed it is considering making a bid for the firm. Prior to today's announcement, CWW's shares had lost almost three-quarters of their value over the last year after a series of profit warnings. Telecom Plus, the uti
Read moreLondon midday: Stocks extend gains and banks, miners advance
13th Feb 2012 11:40
- Stocks rise as Greece approves austerity package. - Banks miss 'Project Merlin' lending targets. - Vodafone confirms potential takeover of C&W Worldwide. The Footsie was trading a whole percentage point higher by midday, with banks and miners extending gains from the morning session, following
Read moreMonday broker round-up - UPDATE
13th Feb 2012 09:08
SAB Miller: Credit Suisse initiates at outperform and with a price target of 2,900p. Lloyds: Nomura downgrades from neutral to reduce, cuts target from 40p to 35p. Royal Bank of Scotland: Nomura downgrades from neutral to reduce, cuts target from 34p to 26p. Barclays: Nomura downgrades from buy
Read moreLondon open: Stocks jump on Greek austerity vote
13th Feb 2012 08:21
- Stocks rise as Greece approves austerity package. - Vodafone confirms potential takeover of C&W Worldwide. - Miners track metal prices higher. UK stocks rose strongly on Monday morning following the news that the Greek parliament voted to approve the tough austerity measures needed to secure the
Read moreLondon pre-open: Greek deal to spark good start for FTSE 100
13th Feb 2012 07:27
City sources predict the FTSE 100 will open up 36 points from Friday's close of 5,852 after the Greek government voted in favour of a new set of austerity measures, including wage and pension cuts, which will form the conditions of a new bailout in a bid to prevent it from defaulting on its debts.
Read moreTelecom Plus puts on a spurt in January
13th Feb 2012 07:08
Telecom Plus, the utility provider which trades as Utility Warehouse, said full year profits are expected to be slightly ahead of market expectations, after it enjoyed a recent acceleration in organic growth. The group said that customer numbers for the first nine months of its financial year, whic
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