Whitbread serves up solid growth in second quarter - UPDATE
9th Sep 2014 07:06
A buoyant UK hotel market and big events have boosted hotelier and restaurant owner Whitbread in the second quarter, but it cautioned that it was likely to have a tougher time in the second half. Whitbread, which owns Premier Inn, Costa Coffee and Beefeater, said an upturn in business confidence had
Read moreFriday broker round-up UPDATE
29th Aug 2014 10:58
Arrow Global: Numis shifts target price from 285p to 287p and leaves its add rating unchanged. Berendsen: Oriel raises target price from 1130p to 1243p keeping a buy recommendation. British Polythene Industries: Investec ups target price from 720p to 750p reiterating a buy recommendation. bwin.pa
Read moreThursday broker round-up UPDATE
7th Aug 2014 09:42
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin
Read moreDunelm appoints Whitbread CEO as new director
17th Jul 2014 08:01
Out-of-town homewares retailer Dunelm has appointed Whitbread boss Andy Harrison as its new Non-Executive Director. Harrison, who has run Costa and Premier Inn owner Whitbread since 2010 and was Chief Executive of airline easyJet before that, will join Dunelm's board on September 1st. "I am very p
Read moreLondon open: FTSE 100 rises for third day as miners gain
15th Jul 2014 09:08
- Markets await UK inflation, German ZEW data - Telecom Plus jumps after strong Q1 update, outlook - Miners track metal prices higher techMARK 2,798.02 +0.14% FTSE 100 6,760.22 +0.21% FTSE 250 15,591.43 +0.09% UK stocks quickly erased an initial dip into the red to trade slightly higher on Tuesday
Read moreLondon pre-open: Slow start expected as investors await economic data
15th Jul 2014 07:49
The UK stock market is set for a quiet start on Tuesday as investors turn cautious following a decent performance the previous session. City sources predict the FTSE 100 will open around six points lower after rising 0.8% to 6,746.14 by the close on Monday. Dealer Jonathan Sudaria from Capital Sp
Read moreWhitbread appoints Richard Baker as new Chairman
15th Jul 2014 07:25
Costa and Premier Inn owner Whitbread has announced that Non-Executive Director Richard Baker is to replace Anthony Habgood as Chairman when he steps down later this year. The company announced in January that Habgood would retire after nine years as Chairman. Baker is currently also the Chairman
Read moreMonday newspaper round-up: Bank Rate, Income tax, Cameron
30th Jun 2014 07:32
Interest rates are likely to hit 5% within a decade, according to the outgoing Bank of England deputy governor for monetary policy. Sir Charlie Bean said it would be "reasonable" to expect borrowing costs to return to pre-recession levels in the long term - between five and 10 years. - The Guardian
Read moreWednesday broker round-up UPDATE
18th Jun 2014 09:03
Ashtead Group: Barclays ups target price from 930p to 946p retaining its overweight rating. Berkeley Group: Numis upgrades from hold to buy with a target price of 2491p. Brown (N) Group: Oriel places its buy recommendation under review. BT Group: Jefferies ups target price from 440p to 470p and k
Read moreLondon close: FTSE ends higher ahead of FOMC meeting
17th Jun 2014 16:59
- FTSE closes up 12.13 points at 6,766.77 - Attention on Iraq, FOMC - Shire leads gains as miners weigh techMARK 2,794.60 -0.09% FTSE 100 6,766.77 +0.18% FTSE 250 15,585.46 -0.77% Blue chips recovered from a sharp dip earlier this afternoon to close in modestly positive territory, although concer
Read moreFTSE 100 movers: Shire rises on reports of bid preparation
17th Jun 2014 15:37
Pharmaceutical group Shire was making gains after Reuters reported that it has hired investment bank Citi as an advisor as it braces itself for takeover bids. The company's Irish tax base and its mid-sized market value of £22bn makes it a prime acquisition target, analysts told the news agency. Whi
Read moreBroker tips: Housebuilders, Real estate stocks, Burberry...
17th Jun 2014 13:23
British housebuilders are unlikely to take a major hit from a rise in interest rates, US broker JP Morgan Cazenove said on Tuesday. "Given we expect a rate hike to be associated with improving economic conditions, we expect limited impact on market conditions". Large UK property stocks, which are
Read moreLondon midday: Stocks erase gains on Iraq concerns, mixed UK data
17th Jun 2014 11:20
- M&A and deals lift a number of blue chips - UK inflation drops to four-and-a-half year low - UK house prices surge 9.9% - Iraq concerns still weighing on risk appetite techMARK 2,794.67 -0.09% FTSE 100 6,755.68 +0.02% FTSE 250 15,660.55 -0.29% London stocks fluctuated at a seven-week low on Tues
Read moreInvestec upgrades Whitbread, hikes target price after strong Q1
17th Jun 2014 09:56
Investec has upgraded its rating for Costa and Premier Inn owner Whitbread from 'sell' to 'hold' after a strong first-quarter update from the leisure group that beat forecasts. The broker has hiked its target price for the stock substantially from 2,000p to 4,100p. Investec said Whitbread delivere
Read moreTuesday broker round-up UPDATE
17th Jun 2014 09:45
Aquarius Platinum: UBS cuts target price from 41p to 24p and keeps a neutral rating. BAE Systems: Berenberg initiates with a target price of 455p and a hold recommendation. British Land: Deutsche Bank ups target price from 520p to 580p, but still recommends selling. Capital & Counties: Deutsche B
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