Earnings and debt up significantly at Whitbread
26th Apr 2016 07:21
(ShareCast News) - Hospitality group Whitbread reported sizeable increases in revenue and earnings in its preliminary results on Tuesday, with total revenue up 12% to £2.91bn, and underlying profit before tax up 11.9% to £546.3m. On a like-for-like basis, group sales grew 3.0% in the 53-week year to
Read moreFriday broker round-up
22nd Apr 2016 15:08
(ShareCast News) - Acacia Mining: Jefferies reiterates buy with a 390p target and Citigroup stays at neutral with a target price of 340p. ITV: UBS stays at sell with a 230p target. Easyjet: Credit Suisse keeps at outperform with a target price of 2137p. Lloyds: Deutsche Bank keeps at buy with a t
Read moreJPMorgan cuts InterContinental Hotels to 'underweight'
15th Apr 2016 08:48
(ShareCast News) - JPMorgan Cazenove downgraded InterContinental Hotels Group to 'underweight' from 'neutral' but lifted the price target to 2,865p from 2,750p as it took at the European hotels sector. The bank said InterContinental appeared the most at risk in its coverage, with its pipeline not wa
Read moreTuesday broker round-up
12th Apr 2016 19:38
(ShareCast News) - Vesuvius: Jefferies downgrades to sell with a target price of 255p. Ashtead: HSBC downgrades to hold with a target price of 970p. Cairn Energy: Canaccord reiterates hold with a target price of 215p. Just Eat: JP Morgan keeps at outperform with a target of 775p. Vedanta: Jefferi
Read moreRogers out, Paul in at Costa Coffee
12th Apr 2016 07:19
(ShareCast News) - FTSE 100 hospitality group Whitbread announced the departure of Christopher Rogers on Tuesday, as managing director of coffee shop chain Costa and executive director on the firm's board. The board confirmed he would be stepping down following their next meeting on 20 April. It al
Read moreThursday broker round-up
31st Mar 2016 13:40
(ShareCast News) - Royal Mail: Jefferies reiterates underperform with a target price of 400p. Hilton Food Group: Numis reiterates buy, 630p target, Panmure Gordon stays at buy with a target price of 625p and Shore keeps at buy. Michael Page: Goldman Sachs maintains buy with a target price of 620p.
Read moreFTSE 100 movers: Antofagasta descends, Shire rebounds
21st Mar 2016 14:57
(ShareCast News) - In a largely quiet day, the FTSE 100 was dragged lower after losing momentum towards the end of the day, while the London Stock Exchange launched the first of its new daily intra-day auctions. At noon, the LSE stopped automated trading of stocks traded on the SETS system, the larg
Read moreSunday newspaper round-up: Rolls-Royce, Whitbread, Britvic, LSE
20th Mar 2016 16:56
(ShareCast News) - Rolls-Royce has put forward detailed proposals to the government to fill some of the UK's power shortage with a fleet of small reactors built around the company's expertise in generating power for Royal Navy submarines. With the escalating costs and timing of the £18bn Hinkley Poi
Read morePub and restaurant sales fall flat in February, Peach Tracker finds
17th Mar 2016 08:41
(ShareCast News) - Pub and restaurant sales were flat last month and the industry expects to endure a tougher year than last, according to a respected industry survey. The results of the monthly Peach Tracker, produced by CGA Peach in partnership with Coffer Group, RSM and UBS, found like-for-like s
Read moreThursday broker round-up
10th Mar 2016 13:41
(ShareCast News) - Eagle Eye Solutions: Panmure Gordon downgrades to hold with a target price of 163p. Genel Energy: RBC downgrades to sector perform, 115p target. The Restaurant Group: Berenberg downgrades to hold with a target price of 550p, Goldman Sachs downgrades to neutral, 525p target, Citig
Read moreFriday broker round-up
4th Mar 2016 16:52
(ShareCast News) - Coca-Cola Hbc: HSBC upgrades to neutral with a target price of 1423p. Petrofac: Citigroup downgrades to neutral. Redefine International: JP Morgan upgrades to neutral with a target price of 50p. William Hill: UBS downgrades to sell with a target price of 365p. Euromoney Interna
Read moreThursday broker round-up
3rd Mar 2016 15:02
(ShareCast News) - ITV: Jefferies reiterates buy with a target price of 310p, Exane BNP Paribas keeps at neutral with a target of 250p, UBS stays at sell. 230P target and Nomura reiterates buy with a target price of 320p. Intertek: Deutsche Bank reiterates hold with a target price of 2700p and JP Mo
Read moreFTSE 100 movers: Admiral charges ahead while Whitbread slumps
3rd Mar 2016 14:29
(ShareCast News) - The FTSE 100 was down 0.28% to 6,130.15 in afternoon trading on Thursday, having gained X to Y, as oil slipped back and investors digested the slowest growth in construction since last April. Admiral led the risers, after it posted a forecast-beating and record 6% jump in full-yea
Read moreWhitbread sales sink in fourth quarter on Costa slowdown
3rd Mar 2016 07:26
(ShareCast News) - Sales slowed at Whitbread in the fourth quarter but the Premier Inns and Costa coffee shops owner said it would still deliver full year profit in line with expectations. Although like-for-like sales at the hotels and restaurants division increased 2.2% in the 11 weeks to 11 Februa
Read moreLondon leisure spend lagging provinces, says Coffer Peach Tracker
17th Feb 2016 08:51
(ShareCast News) - Trading at the UK's largest restaurant food-led pub chains saw an encouraging uplift last month, despite London falling behind its provincial cousins and casual dining outperforming pubs and bars in 'dry January'. Like-like-sales for January for the 31 companies monitored in the C
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