London open: FTSE gains ahead of BoE, Brexit White Paper
2nd Feb 2017 08:31
(ShareCast News) - London stocks were slightly higher in early trading on Super Thursday, as investors awaited a rate decision from the Bank of England, the Inflation Report and minutes together with the government's White Paper on Brexit. As of 0835 GMT the FTSE 100 was up 0.21% or 15.05 points at
Read moreVodafone upbeat despite fall in revenue
2nd Feb 2017 08:10
(ShareCast News) - Mobile telecoms giant Vodafone posted a trading update for the quarter to 31 December on Thursday, reporting solid growth but disappointing investors with full-year guidance. The FTSE 100 firm said the full year would see free cash flow of at least €4bn but the board said it only
Read moreTuesday broker round-up
31st Jan 2017 08:55
(ShareCast News) - Whitbread: HSBC reiterates Buy with a target price of 4800p Ashmore Group: Goldman Sachs reiterates Buy with a target price of 370p. Vodafone: JPMorgan reiterates Overweight with a target price of 193p. Ferrexpo: JPMorgan upgrades to Overweight with a target price of 205p. Virg
Read moreSector movers: Telcos dodge losses as miners, Big Oil drag
30th Jan 2017 16:56
(ShareCast News) - Telecommunications and pharma issues found a bid as stocks in the Materials space lost ground amid risk-off trading in the wake of the past weekend's events which saw a significant amount of confusion in the US, and to an extent in many other countries, over the scope of the tempo
Read moreVodafone confirms talks to merge Indian business with Idea
30th Jan 2017 08:15
(ShareCast News) - Vodafone has confirmed it is in talks over merging its struggling Indian business with Idea Cellular, which is part of the Aditya Birla Group. The FTSE 100 telecoms group made the announcement on Monday, following recent speculation in the media about a combination of Vodafone Ind
Read moreFriday broker round-up
27th Jan 2017 14:09
(ShareCast News) - Diageo: Berenberg reiterates buy with a target price of 2430p. Royal Dutch Shell A: HSBC reiterates buy, 2600p target. Vodafone: Deutsche Bank reiterates buy with a 285p target. Anglo American: UBS reiterates neutral with a 1250p target. Easyjet: Deutsche Bank reiterates hold w
Read moreSector movers: Cyclicals, banks jump, while precious metals miners retreat
25th Jan 2017 14:47
(ShareCast News) - Cyclicals led the advance, led by Automobile stocks such as GKN and construction outfits like CRH, both of which benefit from bets on an improving world economy, especially in the States. Banks were also higher, boosted by bumper full-year results from Spanish lender Santander, am
Read moreMerrill Lynch downgrades Vodafone as headwinds 'unlikely to abate'
25th Jan 2017 10:33
(ShareCast News) - Bank of America Merrill Lynch downgraded Vodafone to a 'neutral' rating from 'buy' as the telecoms giant's multiple headwinds in recent months are "unlikely to abate in the near-term", with the 2 February trading update predicted to be cautious. Merrill felt a recovery in revenues
Read moreVodafone extends 15-year relationship with TDC
18th Jan 2017 07:09
(ShareCast News) - Vodafone announced on Wednesday that it and TDC Group have agreed to renew their strategic partnership for Denmark and Norway, building on a successful fifteen-year relationship that began in 2001. The FTSE 100 mobile network said under the renewal, which commenced on 1 January 20
Read moreHSBC cuts Vodafone to 'hold' on competitive pressures
16th Jan 2017 07:43
(ShareCast News) - HSBC downgraded Vodafone to 'hold' from 'buy'and cut the price target to 240p from 270p. The bank said that throughout last year, the company began to demonstrate its long-held investment thesis that an improving European mobile environment would lead to modest group revenue growt
Read moreTuesday broker round-up
10th Jan 2017 13:25
(ShareCast News) - Tullow Oil: UBS reiterates neutral with a target price of 260p. BT Group: Barclays reiterates overweight, 525p target. B&M European: Deutsche Bank reiterates buy with a 330p target. BP: HSBC reiterates buy with a 590p target. Royal Dutch Shell: Barclays keeps at overweight with
Read moreGoldman upgrades Vodafone to 'buy' on self-help
10th Jan 2017 08:54
(ShareCast News) - Goldman Sachs upgraded Vodafone to 'buy' from 'neutral' and lifted the price target to 260p from 275p saying self-help raises confidence in the company's growth outlook. The bank said that following 10% underperformance versus the sector in the last three months, the stock's valua
Read moreFriday broker round-up
6th Jan 2017 17:33
(ShareCast News) - Antofagasta: Jefferies reiterates hold with a target price of 700p. Ascential: Deutsche Bank reiterates buy with a 300p target. Rotork: JP Morgan stays at neutral with a 230p target. Vodafone: Barclays reiterates overweight with a 225p target. Britvic: JP Morgan maintains neutr
Read moreBroker Dowgate picks top large and small companies for 2017
5th Jan 2017 14:59
(ShareCast News) - Broker Dowgate picked out its top three share tips for 2017 for both small and large cap companies, including Lloyds Banking Group, Rightmove and Satellite Solutions. For small caps the City firm plumped for Be Heard Group, Franchises Brands and Satellite Solutions. Digital marke
Read moreVodafone eyes larger synergies from Dutch joint venture
3rd Jan 2017 07:13
(ShareCast News) - Vodafone is due to receive a €0.6m cash payment after it tied up its VodafoneZiggo joint venture in the Netherlands with Virgin Media owner Liberty Global. As a result of the sale of Vodafone's lossmaking Thuis arm, VodafoneZiggo is predicted to reap around €3.5bn of efficiencies
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