Friday broker round-up
26th Feb 2016 14:05
(ShareCast News) - Burberry: Nomura upgrades to buy with a target price of 1500p. Anglo American: Canaccord downgrades to sell with a target price of 350. South32: UBS reiterates neutral with a target price of 67p, Citigroup stays at buy, 75p target and Exane BNP Paribas keeps at outperform, 70p ta
Read moreFTSE 250 movers: Serco results boost index
25th Feb 2016 14:58
(ShareCast News) - The FTSE 250 surged on Thursday, up 277.90 points (1.72%) to 16,395.40 by mid-afternoon. Serco Group topped the risers after it reported a significantly narrower pre-tax loss for 2015. For the year ended 31 December, the loss narrowed to £69.4m from £990.5m the previous year. Th
Read moreEvents First strategy sees UBM earnings rise
25th Feb 2016 09:14
(ShareCast News) - UBM's Events First strategy was looking like a winner in 2015, with the company reporting some impressive results on Wednesday, though some of its legacy businesses were flagging. The FTSE 250 events, publishing and business information company saw continuing revenue - which exclu
Read moreWednesday newspaper share tips: Sale of PR Newswire makes UBM look attractive long term
16th Dec 2015 11:04
(ShareCast News) - UBM's disposal of PR Newswire prompted The Times' Tempus to rate the shares at 'buy long term' on Wednesday. The FTSE 250 company agreed to the $841m (£554m) sale to US group Cision, leaving it to focus on its events business. UBM, which should net an impressive £498m after costs
Read moreUBM agrees sale of PR Newswire to Cision for USD841m
15th Dec 2015 07:43
(ShareCast News) - UBM has agreed the sale of its PR Newswire arm for $841m (£554m) to US group Cision, leaving it to focus on its events business. UBM, which should net an impressive £498m after costs, plans to reward shareholders with a £245m special dividend, with the remainder reinforcing its wa
Read moreUBM still in talks on sale of PR Newswire
10th Nov 2015 07:43
(ShareCast News) - Events and public relations communications company UBM said it was still in talks on the sale of its PR Newswire unit. In a trading update for the full year, the company said there was "no certainty" that discussions announced in September with a "number of parties" would result i
Read moreUBM confirms it's in talks to sell PR Newswire
24th Sep 2015 08:12
(ShareCast News) - UBM has confirmed that it's in highly preliminary discussions with a number of parties about a potential sale of PR Newswire. The media company said there is no certainty the discussions will result in a transaction being agreed. UBM added that it will update the market as requir
Read moreSunday newspaper round-up: RBS spin-off, Trinity Mirror acquisition, PR Newswire sale
13th Sep 2015 16:38
(ShareCast News) - Royal Bank of Scotland will begin marketing the initial public offer of its Williams & Glyn spin-off later this year ahead of a flotation expected in the second half of 2016. The Sunday Telegraph reported that, with Bank of America Merrill Lynch advising the lender on the process,
Read moreSector movers: Aerospace and defence stocks lead London market higher
31st Jul 2015 15:50
(ShareCast News) - Aerospace and defence, and media stocks led the London market higher as miners continued to struggle on Friday. The FTSE 100 closed up 0.41% or 27.41 points at 6696.28, while FTSE 250 closed up 0.89% or 156.40 points at 17677.40, with aerospace and defence stocks trading higher.
Read moreFTSE 250 movers: JD Sports surges on beefed up profit forecast, Moneysupermarket drops as Lewis sells shares
31st Jul 2015 15:12
(ShareCast News) - London's FTSE 250 index was up 0.6% at 17,618.23 at 14:51 BST, with online retailer JD Sports Fashion pacing the advance. Shares in JD Sports Fashion surged after the company said it expects its full-year profit to be 10% ahead of current market forecasts of around £110m, as tradi
Read moreUBM first half profit down but full year outlook unchanged
31st Jul 2015 08:22
(ShareCast News) - UBM posted a 37.2% decline in first half pre-tax profit, and said it was confident of meeting full-year expectations. The marketing and events company posted a £47.6m profit for the six months to June this year, down from £75.8m the year prior. Reported revenue was up by 26.3% to
Read moreUBM CFO moves to chief executive role
20th Jul 2015 08:33
(ShareCast News) - UBM chief financial officer Robert Gray has moved to the top role of the marketing firm's PR Newswire Division. Gray succeeds Ninan Chacko, the marketing organisation said in a statement. FTSE 250 listed UBM added that Gray will remain a member of UBM's executive committee, but h
Read morePearson given low grade by Morgan Stanley on education angst
14th Jul 2015 12:02
(ShareCast News) - A note on the media and internet sector from Morgan Stanley weighed on Pearson shares on Tuesday, as the educational publisher was downgraded among a largely positive stance on its peers. After the sector outperformed in the first half of the year, Morgan Stanley's analysts moved
Read moreUBM buys Hospitalar from SPFC Group
3rd Jun 2015 07:22
UBM announced the acquisition of Hospitalar, which is Latin America's largest healthcare trade show, from SPFC Group for an undisclosed sum. Hospitalar is one of Brazil's top five trade shows, featuring 1,250 Brazilian and international exhibitors and attracting approximately 95,000 attendees. It j
Read moreUBM appoints new CFO
11th May 2015 08:00
Marketing and communication services group UBM has appointed Marina Wyatt as its chief financial officer (CFO) from 2 September. Wyatt, who has occupied the same role at location and navigation provider group TomTom NV for the last decade, will replace Robert Gray. The outgoing CFO joined the FTSE
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