UK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 09:05
0659 GMT [Dow Jones] Great Portland Estates' (GPOR.LN) acquisition of 35 Portman Square is another useful deal, says Execution Noble. The deal will produce a net initial yield of 7.7% and a capital value per sq ft of GBP726, which is good value for core West End investment product. "In a tight inves
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 09:05
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0805 GMT [Dow Jones] Whitbread's (WTB.LN) 1Q update is very strong, with group like-for-like sales up 7.6% for the 13 weeks t
Read moreMARKET TALK: Whitbread 1Q Very Strong - Panmure
22nd Jun 2010 09:05
0805 GMT [Dow Jones] Whitbread's (WTB.LN) 1Q update is very strong, with group like-for-like sales up 7.6% for the 13 weeks to June 3. It notes that encouragingly, Premier Inn LFL revenue per available room has increased 9.1% over the period, adding that this is the first positive quarter for 18 mon
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -3-
22nd Jun 2010 09:05
0650 GMT [Dow Jones] Chemring Group's (CHG.LN) 1H earnings are slightly below forecasts, says Execution Noble, with the operating profit at GBP52M versus the brokerage's forecast of GBP56M and revenues of GBP256M versus expectations of GBP259M. Says this leads to 1H EPS growth of 10%, compared with
Read moreUPDATE: Whitbread In Strong Start To Year, Sees No Consumer Recovery
22nd Jun 2010 08:54
(Adds comment from the CEO) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Hotel and restaurant chain Whitbread PLC (WTB.LN) reported a very strong start to the year Tuesday and said it is well placed for a U.K. recovery, though it doesn't expect the consumer climate to ge
Read moreLondon open: Lower ahead of Budget
22nd Jun 2010 08:46
Footsie has opened lower ahead of the coalition government's eagerly awaited emergency budget, which will be revealed around lunchtime. Chancellor George Osborne has been vocal about making Britain competitive by cutting corporation tax so that big businesses find it worthwhile to come to the coun
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -3-
22nd Jun 2010 08:02
0648 GMT [Dow Jones] Whitbread's (WTB.LN) interim management statement is very strong with group like-for-like sales up 7.6% in the 13 weeks to June 3, says an analyst. The statement is 'exceptional' and risks lie to the upside. The analyst says management is going to remain vigilant on cost contro
Read moreMARKET TALK: Whitbread Firing On All Cylinders -Merrill Lynch
22nd Jun 2010 08:02
0702 GMT [Dow Jones] Whitbread (WTB.LN) is firing on all cylinders, says Merrill Lynch, after 1Q sales beat forecasts. "We expect today's announcement to lead to further upgrades of consensus earnings forecasts," it says. "We reiterate our buy rating and 1600p price objective following today's very
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 08:02
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0702 GMT [Dow Jones] Whitbread (WTB.LN) is firing on all cylinders, says Merrill Lynch, after 1Q sales beat forecasts. "We ex
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 08:02
0657 GMT [Dow Jones] Whitbread's (WTB.LN) first-quarter performance is strong, says Credit Suisse. Premier Inn's sales growth of 10.5% beats expectations of a 7% rise, CS says. "Greater visibility on margins will likely only come at the 1H stage but we expect consensus numbers to increase today," CS
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 07:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0658 GMT [Dow Jones] Whitbread's (WTB.LN) 1Q update is strong, says Shore Capital, with like-for-like sales ahead by 7.6% in
Read moreMARKET TALK: Whitbread 1Q Update To Prompt Upgrades - Shore
22nd Jun 2010 07:58
0658 GMT [Dow Jones] Whitbread's (WTB.LN) 1Q update is strong, says Shore Capital, with like-for-like sales ahead by 7.6% in the three months to June 3, 2010. Shore says the strong performance reflects excellent like-for-like growth of 10.5% at Premier Inn, 3.6% at Pub Restaurants and the continued
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 07:58
0648 GMT [Dow Jones] Barclays Capital initiates coverage of Centrica (CNA.LN) at underweight, with 295p price target. Says Centrica has outperformed the utilities sector by around 25% over the last 12 months. Says the outperformance has been due to an improving outlook for the company's downstream b
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 07:57
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0657 GMT [Dow Jones] Whitbread's (WTB.LN) first-quarter performance is strong, says Credit Suisse. Premier Inn's sales growth
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 07:57
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0657 GMT [Dow Jones] Whitbread's (WTB.LN) first-quarter performance is strong, says Credit Suisse. Premier Inn's sales growth
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