Broker snap: Investec stays bearish about Whitbread
23rd Oct 2012 10:27
Investec has retained its bearish view of Costa and Premier Inn owner Whitbread after first-half results missed forecasts and a disappointing outlook for the remainder of the year. The broker has maintained its 'sell' rating and 1,650p target price for the shares. "Whitbread's H1 was marginally be
Read moreTuesday broker round-up
23rd Oct 2012 09:23
Aggreko: UBS cuts target from 2,750p to 2,550p, buy rating kept. ARM Holdings: Investec keeps buy rating and 800p target. Avacta: Panmure Gordon keeps buy rating and 1.75p target. AZ Electronic: Canaccord Genuity ups target from 360p to 376p, buy rating kept. Babcock: JPMorgan Cazenove ups targe
Read moreLondon open: Whitbread and the miners provide a drag early on
23rd Oct 2012 08:44
- Corporate earnings in the spotlight - Spain weighs on sentiment as Moody's downgrades five regions - Whitbread disappoints, ARM in demand The FTSE 100 index fell in early trading on Tuesday with growth-sensitive stocks out of favour as investors remain cautious about the Eurozone and ahead of som
Read moreWhitbread energised by sleep and coffee, but warns of slowdown
23rd Oct 2012 07:04
Whitbread topped one billion pounds of sales in the first half after strong performances from Premier Inn and Costa Coffee. However, the firm added that it expected growth to slow going forward, following the bonus trade it enjoyed off the back of the Jubilee bank holiday and the Olympics. Total r
Read moreTuesday preview: Whitbread's H1 sales tipped to top one billion pounds
22nd Oct 2012 16:02
Costa and Premier Inn owner Whitbread is scheduled to release its interim results on Tuesday morning, in which its first-half sales are expected to top the one billion mark. Whitbread said in a trading update last month that sales for the 24 weeks to August 16th were up 14.3%, up 4.3% on a like-for
Read moreMonday broker round-up - UPDATE
22nd Oct 2012 08:19
888 Holdings: Morgan Stanley ups target from 125p to 130p, overweight rating kept. Aggreko: Jefferies cuts target from 2,800p to 2,535p, buy rating kept; HSBC downgrades to underweight, target cut from 2,350p to 1,750p; JPMorgan Cazenove cuts target from 2,360p to 2,165p, neutral rating kept; Barcl
Read moreWeek Ahead: Travelodge rebirth could prove bothersome for Whibread
19th Oct 2012 09:37
After a strong second quarter, albeit abetted by one-off boosts, Whitbread might have found the third quarter tougher going, given that it revealed that trading had become variable on a month-by-month basis. "We think that the Travelodge CVA [company voluntary arrangement] will lead to a stronger c
Read moreFriday broker round-up - UPDATE
19th Oct 2012 09:00
Aggreko: Jefferies keeps buy rating and 2,800p target; Seymour Pierce keeps buy rating and 2,500p target; Panmure Gordon cuts target from 2,228p to 2,159p, hold rating unchanged. Alliance Pharma: umps upgrades to buy, target lifted from 32p to 37p. Avacta: Panmure Gordon keeps buy rating and 1.75p
Read moreNew Whitbread FD sorts out start date
19th Oct 2012 07:45
Nicholas Cadbury, who is jumping ship from Premier Farnell to become the Finance Director of Whitbread, will join the of Costa Coffee shops owner on November 14th. The announcement coincided with the news that Mark Whiteling, who will be replacing Cadbury at electrical components distributor Premie
Read moreFriday broker round-up
5th Oct 2012 08:19
Anglo American: AlphaValue upgrades from add to buy. Betfair: Panmure Gordon cuts target from 1,000p to 977p, buy rating kept. BHP Billiton: AlphaValue downgrades from add to reduce. Burberry: Morgan Stanley upgrades to overweight, target kept at 1,190p; UBS keeps neutral rating and 1,170p target
Read moreFriday broker round-up
7th Sep 2012 09:03
ASOS: Jefferies keeps buy rating and 2,199p target. AstraZeneca: Morgan Stanley upgrades to equal weight. Aviva: AlphaValue downgrades to add, target lifted from 385p to 389p. Barclays: Deutsche Bank upgrades to buy. Dixons: Nomura keeps neutral rating and 20p target. Legal & General: Credit Su
Read moreLondon close: Markets celebrate ECB bond-buying plan
6th Sep 2012 16:41
- ECB unveils bond-buying details - Stocks surge in afternoon trade, helped by US data - BoE maintains rates and QE Global stocks markets rocketed higher on Thursday afternoon after European Central Bank (ECB) President Mario Draghi revealed details of the bank's bond-buying plan. London's Footsie
Read moreFTSE 100 movers: ECB bond-buying plan spurs risk appetite
6th Sep 2012 15:33
The heavyweight mining and banking sectors rejoiced the European Central Bank's (ECB's) bond-buying plan on Thursday with investors hoping that this could mark a turning point in the ongoing Eurozone debt crisis. Vedanta, Antofagasta and Randgold were leading the charge in the resource sector while
Read moreLondon midday: All eyes turn to Draghi as BoE holds rates
6th Sep 2012 11:33
- All eyes on the ECB and Draghi - BoE keeps rates and QE unchanged - Economic data from the US also in focus Just a handful of stocks on London's Footsie were in the red by Thursday lunchtime as markets geared up to a pivotal policy announcement by the European Central Bank (ECB). The UK's Moneta
Read moreBroker tips: Lloyds, Whitbread, Morrisons
6th Sep 2012 10:55
Investec says that the news of another regulatory fine at Lloyds should only have a little impact, seeing as though the banking group still has a lot of mis-selling issues hanging over its head. The broker has maintained its 'hold' rating and 36p target price for the stock. He said: "The cost of re
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