Friday broker round-up
2nd Dec 2016 14:49
(ShareCast News) - John Menzies: Berenberg starts coverage at buy with a target price of 660p. Synthomer: Jefferies stays at hold 367p target. WPP: Deutsche Bank reiterates buy with a 1890p target. MCBride: Berenberg starts coverage at buy with a 220p target. Acacia Mining: Canaccord stays at ove
Read moreWPP acquires American company PEP
29th Nov 2016 16:39
(ShareCast News) - WPP, the British multinational advertising and public relations company, has acquired Promotion Execution Partners (PEP) as part of its investment strategy into important markets like the US. PEP is a project management and procurement company that oversees shopper marketing prom
Read moreJP Morgan reiterates 'overweight' on WPP
29th Nov 2016 09:02
(ShareCast News) - JP Morgan Cazenove on Tuesday left its rating on WPP Group at 'overweight' but cut its rating to 2,032p from 2,075p. "We remain bullish on WPP as 1) organic revenue growth and earnings appear well supported; 2) our analysis shows little correlation between its share price with the
Read moreCredit Suisse reviews European media stocks; downgrades Pearson
22nd Nov 2016 10:12
(ShareCast News) - Credit Suisse updated its ratings and initiated on stocks in the European media sector. The Swiss bank upgraded RELX from 'neutral' to 'outperform' and bumped up the price target to 1,600p from 1,370p. It said the company's high-quality assets with market-leading positions have le
Read moreUK advertising outlook improves after 'negligible' Brexit impact, WPP says
14th Nov 2016 08:49
(ShareCast News) - The UK advertising industry outlook has been revised higher by marketing behemoth WPP's Group M business after what is seen as a "negligible" short-term impact from the Brexit vote. While upping its forecasts for the overall UK ad market, Group M trimmed its growth forecast for tr
Read moreLondon close: Crude prices, policy meetings and Carney weigh on FTSE
31st Oct 2016 15:49
(ShareCast News) - London equities closed down on Monday amid sharply lower crude prices and as the market looks to policy calls from Bank of England and the US Federal Reserve later in the week. BoE issues its policy decision on Thursday, with rates seen unchanged, and its quarterly inflation repor
Read moreFTSE 100 movers: Shire and Next sold off ahead of results
31st Oct 2016 14:23
(ShareCast News) - The FTSE 100 was traipsing lower on Monday afternoon, led down by an assortment of companies across sectors, notably those that are due to report in the coming few days. Shire, which is scheduled to post its third-quarter results on Tuesday, was bottom of the pile as the drug deve
Read moreWPP enjoys third-quarter boost from sterling softness
31st Oct 2016 07:07
(ShareCast News) - Helped by the weakness of sterling, WPP posted net revenue and profit margins ahead of forecasts for the third quarter, while the outlook was said to remain unchanged. The advertising colossus reported that quarterly revenues grew 23.4%, with constant currency growth of 7.6%, 4.4%
Read moreWPP's Fitch buys majority stake in StratJG Hong Kong
24th Oct 2016 08:27
(ShareCast News) - Advertising giant WPP's company, Fitch, a retail and brand consultancy, has bought a majority stake in StratJG Hong Kong, a brand and customer experience design consultancy. The company said the acquisition "will enhance Fitch's existing offering, strengthening its presence within
Read moreWPP invests in New York-based ScrollMotion
21st Oct 2016 14:06
(ShareCast News) - Media group WPP has made an investment in US software company ScrollMotion Inc. New York-based ScrollMotion, which has developed a platform for building interactive mobile content without the need for developer0,s has worked with clients such as Apple, JPMorgan Chase and Verizon.
Read moreWPP buys Triad Retail Media
13th Oct 2016 12:55
(ShareCast News) - Media agency WPP's wholly-owned operating company Xaxis has agreed to buy US digital retail media specialist Triad Retail Media for an undisclosed sum. Triad - whose clients includes Walmart, eBay, Kohl's, Toys R Us and Asda Stores - generated gross revenues of more than $500m for
Read moreWednesday broker round-up
28th Sep 2016 12:15
(ShareCast News) - Close Brothers Group: Barclays reiterates overweight with a target price of 1500p. Royal Dutch Shell: HSBC keeps at buy, 2050p target. William Hill: Deutsche Bank keeps at buy with a 390p target. The Restaurant Group: Berenberg reiterates hold with a 350p target. Astrazeneca: D
Read moreMonday broker round-up
26th Sep 2016 14:17
(ShareCast News) - N Brown: HSBC downgrades to hold with a target price of 205p. Kingfisher: UBS downgrades to neutral, 390p target. Morrison: Credit Suisse keeps at neutral with a 200p target. WPP: Jefferies downgrades to hold with a 1850p target. Wolseley: Exane BNP Paribas keeps at underperfor
Read moreWPP to invest in French media investment group LNEI
22nd Sep 2016 11:02
(ShareCast News) - WPP said on Thursday that it will invest in French media investment group Les Nouvelles Editions Independantes (LNEI) as it looks to focus more on Western Continental Europe following the Brexit vote. Launched in Paris in 2009, LNEI has investments in French publishing titles in n
Read moreFriday broker round-up
9th Sep 2016 13:37
(ShareCast News) - Merlin Entertainments: UBS reiterates buy with a target price of 540p. Fenner: Jefferies maintains buy with a 205p target. Randgold Resources: UBS upgrades to buy with a 9750p target. Lloyds: Berenberg reiterates hold with a 55p target. BAE Systems: Goldman Sachs keeps at buy w
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