UBM first quarter trading in line with expectations
24th Apr 2015 08:58
Marketing and communication services provider UBM said trading for the full-year was in line with expectations, after a solid performance in the first quarter. The FTSE 250 group said growth in its event division was in line with forecast in the first three months of 2015, thanks to strong performan
Read moreThursday broker round-up
12th Mar 2015 17:30
Asos: Cannacord Genuity raises target to 3,250p from 2,520p and reiterates hold. Cambian Group: Cannacord Genuity lifts target to 311p from 294p and reiterates buy. BP: JP Morgan raises target to 410p from 400p and reiterates underweight. Royal Dutch Shell: Investec reiterates hold. Supergroup: C
Read moreTuesday broker round-up
10th Mar 2015 11:53
Pearson: Barclays reiterates equal-weight recommendation and keeps target at 1,405p. UBM: Westhouse Securities takes target to 599p from 552p but reiterates add. ARM Holdings: Citi keeps at buy with a 1,35p target price. Kaz Minerals: Jefferies shaves target to 250p from 275p and reiterates hold.
Read moreUBM annual profit rises, development strategy remains on track
27th Feb 2015 09:39
PR Newswire owner and events firm UBM said lower costs and exceptional gains offset a decline in revenue driving annual pre-tax profit higher. The FTSE 250 group saw revenue for 2014 drop 6% to £746.3m but that did not prevent pre-tax profit from rising to £145.2m, a 32.6% increase year-on-year. Th
Read moreLondon open: FTSE rises for fourth day as late Santa Rally kicks in
19th Dec 2014 08:27
UK stocks rose for a fourth straight day on Friday following massive gains on Wall Street the night before, with the Dow Jones index registering its biggest one-day gain in three years. London's FTSE 100 was up 0.6% at 6,506 in early deals and has now risen by over 5% since Tuesday. Mike van Dulken
Read moreLondon pre-open: Stocks expected to surge after gains on Wall Street
19th Dec 2014 07:39
UK stocks were expected to rise strongly again on Friday after an impressive performance on Wall Street, with the Dow Jones index registering its biggest one-day gain in three years. City sources predict the FTSE 100 will open 70 points higher than Thursday's close of 6,466. The UK index has now ris
Read moreUBM seals £599m Advanstar deal
19th Dec 2014 07:03
Marketing and communication group UBM has completed the acquisition of US-based VSS-AHC Consolidated Holdings for £599m. The group said that by purchasing the American firm, also known as Advanstar Communication, it has become the biggest event business in the US in terms of revenue. The US-based g
Read moreMonday broker round-up
15th Dec 2014 09:29
Ashtead Group: Berenberg raises target price from 1170p to 1345p and keeps its 'buy' recommendation. Aviva: Citi increases target price from 590p to 620p and maintains a 'buy' recommendation. Bellway: Deutsche Bank ups target price from 1760p to 1778p and reiterates its 'hold' recommendation. Berk
Read moreFriday broker round-up
5th Dec 2014 09:48
Amino Technologies: N`+1 Singer ups target price from 107p to 141p and keeps a 'buy' recommendation. Barr (AG): Numis upgrades from 'hold' to 'add' with a target price of 659p. Jefferies reduces target price from 678p to 510p and downgrades to 'sell'. Betfair: JP Morgan increases target price from
Read moreTuesday broker round-up UPDATE
11th Nov 2014 09:55
AdEPT Telecom: WH Ireland moves target price from 170p to 185p, keeping its buy recommendation. Northland moves target price from 165p to 175p and maintains a buy recommendation. Betfair: JP Morgan raises target price from 1175p to 1350p and upgrades from neutral to overweight. BHP Billiton: JP Mor
Read moreFriday broker round-up UPDATE
7th Nov 2014 09:44
AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra
Read moreUBM reveals details of £565m rights issue
6th Nov 2014 09:22
Media group UBM has announced details of a planned rights issue to fund the near-$1bn purchase of events firm Advanstar Communications. UBM reached agreement on the terms of the $972 Advanstar takeover in early October, and said it planned to raise the bulk of the cash from a rights issue. The comp
Read moreTuesday broker round-up UPDATE
4th Nov 2014 09:32
Aberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreTuesday broker round-up UPDATE
28th Oct 2014 09:18
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating. African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating. Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation. APR Energy:
Read moreThursday broker round-up UPDATE
23rd Oct 2014 08:33
Abcam: FinnCap moves target price from 390p to 400p keeping a hold recommendation. Anglo American: Investec places its target price (prev.: 1603p) under review keeping its buy recommendation. Arbuthnot: Numis raises target price from 1150p to 1300p upgrading from hold to add. British American Taba
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