Wednesday broker round-up
26th Oct 2016 17:40
(ShareCast News) - FirstGroup: Goldman Sachs keeps at buy with a target price of 168p. Esure: Berenberg stays at sell, 238p target. Anglo American: Deutsche Bank reiterates hold with a 965p target. Intertek: UBS reiterates buy with a 4100p target. Sainsbury: Goldman Sachs reiterates sell with a 1
Read moreFTSE 100 movers: Miners and oilers weigh while IAG climbs
26th Oct 2016 14:14
(ShareCast News) - Commodities stocks led the FTSE 100 lower on Wednesday after copper miner Antofagasta reported disappointing production numbers and full year guidance. The blue chip index was falling increasingly sharply as the day wore on, down 1.4% by mid afternoon, with Antofagasta's 6.
Read moreWhitbread wilts as sweeter dividend masks Costa concerns
25th Oct 2016 07:10
(ShareCast News) - Whitbread sprinkled a 5% dividend hike on a strong set of interim results, but investors overlooked acceleration at the Premier Inn hotels arm to focus on a dip in profits from Costa coffee shops. Operating profits at Costa were down 4.0% due to investments in the stores and IT an
Read moreTuesday preview: Whitbread reports first half interims
24th Oct 2016 14:21
(ShareCast News) - Whitbread is on Tuesday expected to report an increase in first half earnings on the back of growth at its Costa coffee and Premier Inn hotel chains. The company in June reported a 1.8% rise in first quarter total like-for-like (LFL) sales, including a 2.1% gain in Premier Inn LFL
Read moreThursday broker round-up
22nd Sep 2016 13:35
(ShareCast News) - Dunelm: HSBC starts coverage at buy with a target price of 1000p. Brown N Group: UBS keeps at neutral, 190p target. Tesco: Barclays keeps at neutral with a 215p target. Associated British Foods: Credit Suisse reiterates outperform with a 3550p target. BBA Aviation: Barclays kee
Read moreMonday broker round-up
19th Sep 2016 09:52
(ShareCast News) - Lloyds: Jefferies reiterates buy with a target price of 67p. Astrazeneca: UBS reiterates buy, 5480p target. Britvic: JP Morgan keeps at underweight with a 590p target. Unilever: UBS reiterates neutral with a 3380p target. IHG: HSBC starts coverage at reduce with a 2900p target.
Read morePubs outdo restaurants again in August, Coffer Peach data shows
15th Sep 2016 09:27
(ShareCast News) - UK large pub and restaurant groups enjoyed better sales in August as Britain took advantage of better weather to eat and drink out. There was a 0.6% increase in like-for-like (LFL) sales at managed pubs, bars and restaurants, up from 0.3% last month, according to the monthly Track
Read moreWednesday broker round-up
10th Aug 2016 10:11
(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with
Read moreWhitbread to withdraw Premier Inn operations in India, South East Asia
13th Jul 2016 14:20
(ShareCast News) - Whitbread will begin a phased withdrawal of its Premier Inn operations in India and South East Asia as part pf the strategy announced in April to focus on markets where it can generate good long-term sustainable returns. The company, which also owns the Costa coffee chains, said i
Read moreLondon close: Banks, financials and property fly amid BoE rate-cut chatter
7th Jul 2016 16:38
(ShareCast News) - UK shares flew north with Associated British Foods leading blue chips on a chipper update and chased by a peloton of banking, financial and property stocks on rising expectations of a Bank of England rate-cut next week. "Today marks the first day since the (non-binding Brexit) ref
Read moreWhitbread enters sale-and-leaseback with Legal & General
7th Jul 2016 07:19
(ShareCast News) - Hospitality group Whitbread announced on Thursday that it has exchanged agreements with Legal & General for the sale-and-leaseback of its 389-room 'Hub by Premier Inn' hotel in Kings Cross, due to open in 2017, in exchange for a 25 year lease agreement. The FTSE 100 company announ
Read moreBroker tips: UK retailers, Petrofac, Whitbread
5th Jul 2016 10:02
(ShareCast News) - Liberum revisited its stance on UK general retailers on Tuesday in light of the more uncertain outlook following the vote to leave the European Union. The brokerage said it was more cautious on the generalists, given their UK exposure and in many cases high exposure to US dollar i
Read moreWhitbread slumps on Barclays downgrade
5th Jul 2016 08:22
(ShareCast News) - Whitbread shares slumped on Tuesday as Barclays downgraded the stock to 'underweight' from 'equalweight' and slashed the price target to 3,220p from 4,150p. The bank said that although the shares have suffered in the wake of the UK's vote to leave the European Union, there is furt
Read moreWednesday newspaper share tips: Rio Tinto, Whitbread
22nd Jun 2016 13:44
(ShareCast News) - Shares in Rio Tinto should be avoided, they are already expensive and China's economy seems about to "roll-over", The Daily Telegraph's Questor column said. The Anglo-Australian mining concern announced on 21 June that Jean-Sebastien Jacques will replace current chief executive
Read moreSocGen outlines post-referendum trade ideas
22nd Jun 2016 09:57
(ShareCast News) - Remain is the central scenario in Societe Generale's equity allocation model and the FTSE 100 is one of its preferred indices, the bank said as it outlined its equity trade ideas for both outcomes. In the event of a Brexit, SocGen expects that on 24 June and the following days, th
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