Thursday broker round-up
29th Oct 2015 09:10
(ShareCast News) - Diageo: Credit Suisse upgrades to outperform, bumps up target price to 2100.00p. Meggitt: WH Ireland downgrades to reduce. Centrica: Citigroup upgrades to buy. Target price: 260.00p. Bae systems: Credit Suisse downgrades to neutral, cuts target price to 460.00p. Wpp: JP Morgan
Read moreLondon close: Equities close lower as investors weigh disappointing UK, US data
26th Oct 2015 16:11
(ShareCast News) - The UK equity market slumped on Monday as worse-than-expected data in the UK and in the US offset a better-than-forecast German business confidence report. The CBI Industrial Trends Survey's headline total orders balance fell from -7 in September to -18 in October, its lowest leve
Read moreBroker tips: WPP, Shire, Anglo American
26th Oct 2015 11:30
(ShareCast News) - WPP's shares declined on Monday on the back of third quarter like-for-like sales missing analysts' estimates, but Investec issued the advertising giant an 'add' rating, citing growth in digital and emerging markets. In a note to investors, Investec analyst Steve Liechti said while
Read moreWPP third quarter revenues rise to GBP2.9bn
26th Oct 2015 07:20
(ShareCast News) - WPP has reported a healthy rise in revenue for the third quarter, and expects an even better fourth quarter. The FTSE 100 PR and advertising firm released its third quarter trading update on Monday. It reported revenues for the three months to 30 September were up 5.9% to £2.927b
Read moreWPP's Grey Healthcare buys minority stake in US-based OptimizeRX
30th Sep 2015 13:04
(ShareCast News) - WPP's wholly-owned operating company Grey Healthcare Group has acquired a minority interest in US-based OptimizeRX Corp (OPRX) for an undisclosed sum. WPP said the investment by GHG, a healthcare communications services company, continues its strategy of investing in digital and i
Read moreWPP's Cohn & Wolfe buys stake in India's Six Degrees PR
29th Sep 2015 10:44
(ShareCast News) - WPP's wholly-owned operating company Cohn & Wolfe has agreed to acquire a majority stake in Six Degrees PR - a full service public relations agency - and its content and integrated marketing subsidiary Alphabet Consulting. The media and advertising company said the acquisition mar
Read moreLondon pre-open: Stocks tipped to open lower
28th Aug 2015 07:23
(ShareCast News) - City sources predict the FTSE 100 will open three points lower than Thursday's close of 6,192.03. European equities are set to cautiously open flat this Friday morning after what's been a rollercoaster week, London Capital Group dealer Farbod Mimeh said. "Markets seem to have reg
Read moreWPP takes stake in Aussie media agency
28th Aug 2015 07:21
(ShareCast News) - Advertising giant WPP has taken a minority stake in Australian media agency Rapid Media Services. In an announcement Sir Martin Sorrell's WPP said the media planning and buying firm had already been affiliated with one of its media agencies, MediaCom, since 2001. Rapid Media Ser
Read moreBroker tips: Petrofac, Betfair, WPP
27th Aug 2015 14:11
(ShareCast News) - Petrofac was given a shot in the arm by Societe Generale on Thursday, as the bank upgraded its stance on the stock to 'buy' from 'hold'. "We are taking advantage of yesterday's announcement of Schlumberger's acquisition of Cameron to upgrade Petrofac," it said. "We see the Schlum
Read moreBerenberg upgrades WPP to 'hold' but anticipates headwinds to growth
27th Aug 2015 13:23
(ShareCast News) - Berenberg moved its rating for advertising giant WPP to 'hold' from 'sell' and raised its price target to 1360p from 1325p. The bank said WPP's first half results were operationally in line with its forecasts and while agency fee pressure continued, that was nothing new. Foreign
Read moreWPP's subsidiary buys stake in Australian's digital agency
27th Aug 2015 08:16
(ShareCast News) - Publishing giant WPP said one of its subsidiaries has acquired a majority stake in an Australian digital agency. The FTSE 100 group confirmed J. Walter Thompson Australia has bought a stake in Webling, a company focused on providing strategy, ideation and design for mobile and dig
Read moreLondon close: Stocks drop as investors dwell on China slowdown
26th Aug 2015 16:08
(ShareCast News) - UK equities dropped on Wednesday as China's economic slowdown continued to weigh on investors' minds. The People's Bank of China on Wednesday said it would pump 140 billion yuan into the financial system through a short-term liquidity adjustment operation. The SLO loans, introduce
Read moreFTSE 100 movers: Weir Group rallies on Schlumberger deal; WPP drops after results
26th Aug 2015 13:13
(ShareCast News) - London's FTSE 100 was up 0.2% to 6,091 by 1352 BST, recovering from earlier losses, although worries about a slowdown in China continued to unsettle investors. Engineering company Weir got a boost from M&A news in the sector, after it emerged that oilfield services group Schlumber
Read moreLondon pre-open: FTSE tipped to fall after US fails to hold onto gains
26th Aug 2015 07:17
(ShareCast News) - City sources predict the FTSE 100 will open 40 points lower than Tuesday's close of 6,081.34. US market's inability to hold onto gains was likely to lead to a negative open for Europe on Wednesday morning, CMC Markets UK analyst Michael Hewson said, although a rebound in Asia has
Read moreWPP reports 44.5% boost on first half, says next quarter to be even better
26th Aug 2015 07:11
(ShareCast News) - Sir Martin Sorrell's WPP posted a 44.5% boost in first half pre-tax profit to £709.7m from £491.1m, off reported revenue growth of 6.8% to £5.839bn from £5.469bn. The advertising giant said a stronger third quarter was likely, as budgeted and forecast. WPP upped its dividend per
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