SocGen downgrades Whitbread as it highlights competition from Airbnb
4th Nov 2015 13:28
(ShareCast News) - Societe Generale downgraded Costa and Premier Inn owner Whitbread to 'hold' from 'buy' and cut its price target to 5,220p from 5,343p as it took a look at the impact of Airbnb on the company's markets. The bank pointed out that right now, the UK and London are only Airbnb's third-
Read moreLondon midday: Shares fall as BoE's McCafferty calls for rate hike
20th Oct 2015 11:18
(ShareCast News) - London stocks snapped an earlier climb on Tuesday after the Bank of England's well-known hawk Ian McCafferty again called for an interest rate hike. McCafferty, who was the only member of the Monetary Policy Committed to vote for higher interest rates in the past three meetings, s
Read moreWhitbread impresses with interim results as CEO Harrison bows out
20th Oct 2015 07:06
(ShareCast News) - Whitbread showered its shareholders with an extra-large interim dividend as chief executive Andy Harrison oversaw his last set of results for the Premier Inns and Costa Coffee owner, serving up first-half results slightly better than forecast. Group revenue increased 11.3% to £1.4
Read moreFTSE 100 movers: Financials on a flier as risk-on returns
8th Sep 2015 14:03
(ShareCast News) - The FTSE 100 index built on a strong start on Tuesday, rising 1.5% to 6,162.86 points by mid-afternoon with the financial sector leading the charge. Pensions and investment company Hargreaves Lansdown, which is due to publish results on Wednesday, and Aberdeen Asset Management tus
Read moreLondon midday: Stocks higher after China exports fall less than forecast
8th Sep 2015 11:54
(ShareCast News) - London stocks were sitting higher after a better-than-expected report on Chinese exports lifted sentiment. China's exports dropped 5.5% in August from a year earlier in dollar terms after a 8.3% drop in July, according to the General Administration of Customs, better than the 6.6%
Read moreLondon pre-open: Chinese data to cap gains at start of trading
8th Sep 2015 07:10
(ShareCast News) - The top flight index is being called to start the day slightly higher despite the release of Chinese trade figures for August that left analysts divided. China's international trade performance in August was weaker than expected, although some economists struck an upbeat note. Th
Read moreWhitbread sales slow to 11.1% in second quarter
8th Sep 2015 07:10
(ShareCast News) - Total sales grew by 11.1% at Costa coffee shops and Premier Inns owner Whitbread in the second quarter as like-for-like sales advanced 3.3%. This represented a slowdown from the first quarter, when total sales rose 12.5% and LFL sales grew 4.3%, resulting in 3.9% LFL growth for th
Read moreThursday broker round-up
16th Jul 2015 18:10
(ShareCast News) - Aveva Group: Panmure Gordon reiterates buy and 1,420p target. BP: JP Morgan Cazenove reiterates overweight. Centrica: Berenberg Bank reiterates underperform and ups target to 1,060p from 1,000p. Dixons Carphone: Canaccord Genuity ups target to 530p from 500p while reiterating bu
Read moreWhitbread raised to 'equalweight' by Morgan Stanley
17th Jun 2015 10:26
Morgan Stanley raised Whitbread to 'overweight' from 'equalweight', noting the stock is cheaper than peers, but offers superior and more visible growth. MS said the stock is now trading well below its unchanged price target of 5,800p. "Whitbread has leading positions in growth markets, is generatin
Read moreLondon close: FTSE bounces off five-month low after late rally
16th Jun 2015 17:08
UK stocks managed to claw their way back to finish flat on Tuesday as investors sought out bargains after markets dropped to a five-month intraday low. Stocks in the tobacco, housebuilding and pharmaceutical sectors extended gains late on, while Royal Mail rebounded after earlier weakness, making up
Read moreFTSE 100 movers: Tobacco stocks surge on broker comments, miners lower
16th Jun 2015 12:58
London markets hit a five-month low on Wednesday, driven by continued Greece concerns, a sell-off in Chinese markets and weakness in the mining, construction and technology sectors. As of 14:00 BST, the FTSE 100 was trading 0.42% lower at 6,683. British American Tobacco and Imperial Tobacco led the
Read moreLondon midday: UK stocks at lowest since January as Greece hits risk appetite
16th Jun 2015 12:09
London's FTSE 100 dropped below the 6,700 level for the first time in five months on Tuesday as ongoing worries about Greece and a sell-off on Chinese markets dampened risk appetite. The Footsie was down 0.63% at 6,668.31 by midday with the heavyweight mining sector providing a drag. The index has
Read moreShoreCap sees less upside at Whitbread after first quarter slowdown
16th Jun 2015 09:46
First-quarter growth at leisure group Whitbread was slightly below forecasts by Shore Capital, which kept a 'hold' rating on the Costa and Premier Inn owner. Total sales increased by 12.5% in the 13 weeks ended 28 May, as 17.2% growth at Costa and a 14.3% improvement at Premier Inn made up for just
Read moreLondon open: UK stocks drop to five-month low ahead of CPI data
16th Jun 2015 08:19
UK stocks dropped into the red for a third straight day on Tuesday on the back of ongoing concerns about Greece, a sell-off in China and caution ahead of inflation data. The FTSE 100 was trading 0.55% lower at 6,673.49 early on, after hitting a three-month closing low of 6,710.52 on Monday. The ind
Read moreLondon pre-open: Stocks to pause ahead of UK inflation data
16th Jun 2015 07:35
UK stocks are expected to open more or less flat after plunging to a three-month low on the back of continuing concerns over Greece. City sources predict the FTSE 100 will open eight points lower than Monday's close of 6,710.52. This was the index's lowest finish since 10 March when it settled at 6,
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