Monday broker round-up
22nd Aug 2016 09:09
(ShareCast News) - William Hill: Barclays reiterates overweight with a target price of 340p. Anglo American: JP Morgan maintains overweight with a 1100p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Admiral Group: Berenberg reiterates underweight with a 1746p target. Eas
Read moreBarclays reinstates William Hill at 'overweight'
22nd Aug 2016 07:39
(ShareCast News) - Barclays reinstated coverage of William Hill at 'overweight', raising the price target by 3% to 340p. It said the stock is cheap and there are potential catalysts in the second half such as announcements around cost savings in retail and online and hopefully news on a new chief ex
Read moreLondon close: Stocks taper as sterling, commodity prices lose traction
19th Aug 2016 16:08
(ShareCast News) - UK stocks whimpered to a lower close on Friday as sterling lost traction on renewed Brexit fears and commodity prices headed south. The spectre of the Lisbon Treaty's Article 50 rose once more, following a media report that claimed UK Prime Minister Theresa May was sympathetic to
Read moreWilliam Hill rallies as Rank, 888 abandon bid; bookie upbeat on FY operating profit
19th Aug 2016 10:17
(ShareCast News) - William Hill rallied after Rank and 888 Holdings abandoned their bid for the bookmaker late on Thursday. Investors were encouraged by a statement from William Hill, which said it now expects operating profit for 2016 to be at the top end of the previously guided range of £260m to
Read moreBroker tips: Admiral Group, William Hill, Laird
18th Aug 2016 11:58
(ShareCast News) - Motor insurance company Admiral Group looks overvalued compared to peers, RBC Capital Markets said on Thursday as it reiterated an 'underperform' rating and cut its target price to 1,600p from 1,625p. RBC reduced its profit before tax estimates for fiscal years 2017-18 by 8% on av
Read moreWilliam Hill merger with 888 and Rank unlikely to happen, says Berenberg
18th Aug 2016 10:18
(ShareCast News) - William Hill's shares fell on Thursday as Berenberg reiterated a 'sell' rating on the stock, saying a takeover by 888 Holdings and Rank Group for the company is unlikely to materialise. The bookmaker on Monday rejected a revised takeover proposal worth more than £3bn from 888 and
Read moreThursday broker round-up
18th Aug 2016 09:43
(ShareCast News) - Admiral Group: RBC reiterates underperform with a target price of 1600p. Laird: Berenberg maintains sell with a 230p target. BGEO Group: UBS reiterates neutral with a 2960p target. ICAP: Exane BNP Paribas upgrades to outperform with a 510p target. Poundland: Credit Suisse keeps
Read moreWilliam Hill rejects improved offer from Rank and 888
15th Aug 2016 07:07
(ShareCast News) - William Hill rejected an improved cash-and-shares offer from Rank Group and 888 Holdings made over the weekend and continued to turn its nose up at the prospect of talks. Casino operator Rank and online gaming specialist 888 launched the improved offer on Sunday that valued the UK
Read moreSunday newspaper round-up: Brexit in 2019, bank regulation, ITV, William Hill
14th Aug 2016 17:49
(ShareCast News) - Britain could remain in the EU until late 2019, almost a year later than predicted, ministers have privately warned senior figures in the City of London. Theresa May has been expected to enact article 50 in January, setting in train the formal two years of negotiations before Brex
Read moreWilliam Hill turns nose up at Rank-888 merger proposal, again
11th Aug 2016 07:58
(ShareCast News) - William Hill has again given the cold shoulder to a joint merger proposal by smaller suitors Rank Group and 888 Holdings and despite its troubles this year continued to haughtily turn its nose up at the prospect of talks. Just before trading closed on Wednesday, Rank and 888 confi
Read moreRank and 888 continue to pursue triple-merger despite William Hill snub
10th Aug 2016 20:55
(ShareCast News) - Rank Group and 888 Holdings set out their case late on Wednesday for their joint merger proposal for William Hill, even though the bookmaker had the previous day dismissed the offer as too low and ill-conceived. Acknowledging William Hill's rejection of a proposal valuing the book
Read moreWilliam Hill snubs take-over approach from 888 and Rank Group
9th Aug 2016 18:40
(ShareCast News) - William Hill dashed hopes of a three-way tie-up with rivals 888 Holdings and The Rank Group, saying the proposed premium was too low and the risks for its own shareholders surrounding the suggested financial stucture for the transaction too high. The takeover offer valued William
Read moreRank and 888 make £3.6bn offer for William Hill, report says
9th Aug 2016 11:38
(ShareCast News) - William Hill shares spiked on Tuesday after reports emerged that Rank Group and 888 Holdings had made a formal £3.6bn takeover offer for the stumbling bookmaker. Casino group Rank and online gaming specialist 888 were reported to have come up with a slightly higher bid than previo
Read moreWilliam Hill scores with Euro 2016 boost to interims
5th Aug 2016 07:22
(ShareCast News) - Better than expected returns from the Euro 2016 football championships scored a financial goal for bookmaker William Hill after what it called an "extremely challenging" start to 2016 including a disastrous Cheltenham horse racing festival and poor results from Australia. Revenues
Read moreWilliam Hill buys gaming software company Grand Parade
2nd Aug 2016 12:06
(ShareCast News) - William Hill has acquired betting and gaming digital solutions company Grand Parade for £13.6m in cash and shares. Established in 2007, Grand Parade is a software house that creates apps, websites, and e-commerce platforms for the sports betting, gaming and media industries. Unde
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