UBM acquires Mexican trade show
12th May 2014 07:55
Marketing services and communications company UBM has acquired trade show Expo CIHAC, which comes alongside an agreement with the previous owner for long-term support for the show. Expo CIHAC was launched in 1989 and is the country's largest tradeshow for the infrastructure, construction and housi
Read moreThursday broker round-up UPDATE
8th May 2014 08:40
Anglo American: Deutsche Bank ups target price from 1510p to 1550p and retains a hold recommendation. Balfour Beatty: Berenberg reduces target price from 350p to 290p and keeps a buy recommendation. BBA Aviation: JP Morgan cuts target price from 386p to 369p retaining an overweight rating. Bodyco
Read moreFTSE 250 movers: Telecity jumps after strong Q1, Serco slides
29th Apr 2014 15:46
Telecity rose to the top spot after posting a strong first-quarter trading update. The Europe-focused data centre provider said that organic currency-neutral revenue growth was 9.4 per cent for the period from January 1st to date, compared with 6.8 per cent in 2013. Broker Numis maintained a 'buy' r
Read moreUBM Q1 meets expectations as FX headwinds weaken revenues
29th Apr 2014 08:15
First quarter revenue dropped in line with expectations at UBM, the marketing and communications services group announced on Tuesday, blaming the restructuring of its marketing services, adverse quarterly phasing and a strong foreign exchange headwind. The group posted revenue of £163.0m, compare
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreUBM FY revenue climbs 3.2 per cent in-line with its expectations
28th Feb 2014 07:04
FTSE 250-listed UBM posted a 3.2 per cent rise in full-year revenue and said it looked ahead to the rest of 2014 "with confidence". In what the marketing and communications group described as "a year of strategic progress and operational achievement [...] against a difficult economic backdrop", re
Read moreLondon pre-open: Yellen comments to boost FTSE ahead of busy session
28th Feb 2014 06:30
- Yellen comments send S&P 500 to record high - Feb Consumer Confidence holds steady - "Big six" ordered to return customer credit At the opening bell of what is set to be another busy day for markets both at home and abroad, UK stocks are expected to move higher early on. Boosted by a strong f
Read moreUBM pinches De La Rue Chief Executive
25th Feb 2014 08:01
Marketing and communications services business UBM has appointed De La Rue's Chief Executive Officer to replace out-going David Levin. Tim Cobbold will leave De La Rue on March 29th, when non-executive Chairman, Philip Rogerson, will be appointed Executive Chairman until a new Chief Executive join
Read moreFriday broker round-up UPDATE
14th Feb 2014 10:26
Assura Group: Liberum Capital shifts target price from 44p to 44.40p and retains a buy recommendation. Barclays: Credit Suisse lowers target price from 270p to 260p and keeps a neutral rating. Bellway: Panmure Gordon raises target price from 1520p to 1639p and maintains a buy recommendation. UBS i
Read moreTuesday broker round-up UPDATE
4th Feb 2014 09:20
Alumasc: FinnCap ups target price from 142p to 167p and retains its buy recommendation. Barratt Developments: Barclays increases target price from 444.7p to 471.2p and keeps an overweight rating. Bellway: Barclays raises target price from 1498.1p to 1552.6p, but keeps an underweight rating. Berke
Read moreMonday broker round-up UPDATE
27th Jan 2014 09:30
Aberdeen Asset Management: Espirito Santo cuts target price from 573p to 514p and keeps a buy recommendation. Morgan Stanley reduces target price from 492p to 393p and stays with its equal-weight rating. Amino Technologies: N+1 Singer shifts target price from 89p to 93p and reiterates a hold recomm
Read moreSunday newspaper round-up: Supermarkets' property, Lloyds, UBM
26th Jan 2014 16:51
US activist investors are plotting to force Tesco, Sainsbury's and Morrisons to split off their property holdings, the Sunday Times reported. The plan, led by activist fund Elliott, would require them to put their property holdings into separate companies and to sell minority stakes on the stock exc
Read moreTuesday tips round-up: Genel, HomeServe, UBM
14th Jan 2014 07:07
Authorities in Kurdish Iraq on Monday announced that the first oil has flowed through a new pipeline to Turkey. That is a landmark achievement as until recently oil had to be transported out by lorry, no less, with much of it then having to be sold on the local market. The main UK-listed beneficiari
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
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