Builder Balfour Beatty (BBY.L) today announced news it has dismissed Carillion’s latest approach to takeover the company, branding it “opportunistic” and accusing Carillion of wanting to lower the companies exposure to UK construction amid a time of recovery for the UK building business. In reaching its decision on the merger proposal, the Board has considered: […]
Glencore Xstrata (GLEN.L) downgraded by Credit Suisse from OUTPERFORM to NEUTRAL target price 380p, Investec reiterates HOLD rating, moves target price from 316p to 360p Game Digital (GAME.L) target price raised from 250p to 270p by Canaccord, reiterates BUY rating. Deutsches bank reiterates HOLD rating on Balfour Beatty (BBY.L), target price moved from 250p to […]
Gold miner/producer Centamin (CEY.L) today announced results for the second quarter. During the period the company produced 81,281 ounces of gold, this was up 9% on the previous quarter, however still 13% lower from the same period last year. Despite this the company was unmoved on its guidance for production over the full year and […]
Astrazeneca (AZN.L) today announced the start of the Phase III programme for tralokinumab, a potential treatment for patients with severe, inadequately controlled asthma. The trial will evaluate the safety and effectiveness of the new drug and comes just a day after the company reported positive results for the trial of its Gout treatment drug Lesinurad. […]
Credit Suisse downgrades Catlin Group (CGL.L) from NEUTRAL to UNDERPERFORM citing weaker earnings Ladbrokes (LAD.L) target price cut to 125p from 150p by Morgan Stanley. Reiterates EQUAL WEIGHT rating. G4S (GFS.L) first half results prompts Investec to reiterate BUY rating on share, target price 280p. Target price cut from 569p from 679p on CSR (CSR.L) […]
Drugs giant, Astrazeneca (AZN.L) reported today that the recent phase 3 trial of its latest gout treatment drug, lesinurad, a selective uric acid re-absorption inhibitor (SURI) had hit its primary targets. however the report did also highlight some possible side effects including respiratory tract infections and back pain though a full assessment of the safety […]
Security firm G4S (GFS.L) announced an increase in first half profits due to 26% more contract wins in the period. Underlying pretax profit rose 6.3% to £185Million helped by emerging markets growth, though UK performance was also up around 6%. This comes despite recent critism and several issues, most notibly concerning the 2012 Olympic Games […]
UBS issues SELL rating on Hargreaves Landsdown (HL.L) and target price of 850p citing downside risks. HOLD rating reiterated by Numis Securities on Ladbrokes (LAD.L) said it expects return to profitability of share. Prudential (PRU.L) rated as BUY by the share centre after strong H1 results today. Investec upgrades African Barrick Gold (ABG.L) from SELL […]
Insurer Prudential (PRU.L) showed good performance in their first half results released today. H1 profit was boosted 17% as the US and Asian arms of the business helped offset a weaker UK performance as a result of government annuity legislation changes. In the US the life insurance business showed an increased operating profit, up 28% […]
After last weeks strong results, Canaccord reiterates buy rating for Rio Tinto (RIO.L) citing strong cash position. Standard chartered (STAN.L) target price moved to 1480p by Nomura, reiterates BUY recommendation. Drax (DRL.L) downgraded from BUY to NEUTRAL by UBS who no longer favour the risk/reward ratio provided by the shares. Deutsches Bank downgrades Friends Life […]
Rio Tinto (RIO.L) H1 profit jumps, prompting Investec to reiterate HOLD rating. Investec issues BUY rating on Dixons Carphone (DC-.L) citing merger positions company well for mobile market and earnings growth. Hargreaves Lansdown (HL-.L) upgraded by Numis securities from HOLD to BUY rating citing current share price weakness as buying opportunity. charts below: Related Posts:Dollar […]
Mining giant Rio Tinto (RIO.L) announced a jump in H1 profits after its recent cost cutting. the group profited from lower capital expenditure, a decrease in net debt and increasing cash flows. the company says these results demonstrate the “strength of our business” and expects further improvements over the full year. Over the period the […]
Mondi (MNDI.L) the packaging group today announced a slight rise in first half earnings of 3% as part of a “steady improvement in all financial metrics”. Highlights of the first half report include, underlying operating profit up 3%, underlying earnings per share up 5%, cash generated by 2%. Despite lower prices across their range the […]
Oil major Royal Dutch Shell (RDSA.L) target price raised by Credit Suisse citing encouraging first half results and business momentum. OUTPERFORM rating reiterated. Liberum rates Keller (KLR.L) as one to watch after better than expected first half results. Weak share price should react positively. HSBC (HSBA.L) highlighted after weaker than expected interim results. Shore Capital […]
Afren (AFR.L) the oil explorer listed in FTSE250 this morning announced the suspension of its chief executive officer (CEO) and chief operating officer (COO). The suspensions relate to an investigation surrounding unauthorized payments. The company in a statement said ”evidence has been identified of the receipt of unauthorised payments potentially for the benefit of the CEO and […]
Travel giant Thomas Cook Group (TCG.L) today announced that the last quarter has seen a rise in quarterly earnings. Earnings before interest and tax for the quarter were £33M compared to £1M for the same period last year. The company cites strong increase in margins plus a stronger late Summer 14 bookings in the UK, Germany and Northern Europe […]
UBS reduces target price on Rightmove (RMV.L) to 2980p, reiterates BUY rating. BUY rating reiterated on Barclays (BARC.L) by Deutsches Bank, moves target price to 285p from 275p. Daily Telegraph covers British American Tobacco (BATS.L) with HOLD rating, citing income yields. Oriel Securities withdraws rating and target price from Afren (AFR.L). Will review future rating. […]
Multiple brokers keep BUY ratings on Barclays (BARC.L) after first half results today. Liberum Capital slashes target price on GlaxoSmithKline (GSK.L). Lowers rating to SELL from HOLD citing uncertain outlook. Westhouse Securities Downgrades Antofagasta (ANTO.L) from ADD to NEUTRAL after production update today. Charts Below: Related Posts:Technical Analysis of Daily Price Movement of Gold Commodity… November […]
Miner Polymetals (POLY.L) announced news that it will surpass current gold production guidance levels by around 5%. In the first half of the year the company increased production by 17%. Quarterly gold equivalent production in the second quarter was 335 Koz, up 4% year-on-year. Continued robust performance at the Amursk POX as well as improved […]
today British Land (BLND.L) announced news that with joint venture partner Oxford properties they have secured a letting with Rothesay Life, a specialist pensions provider. This is the fourth letting for the Leadenhall building, still in its construction phase, which will provide office space in the city of London (the building is affectionately known as […]
Easyjet (EZJ.L), the budget airline has confirmed that it expects its full year profit to rise at least 14% – this is in line with current city forecasts. The airline today issued its Q3 interim statement, which showed Total revenue grew by 8.6% to £1,240 million, passengers carried increased by 9.4% to 17.9 million, and the […]
Nomura has raised target price on ITV (ITV.L) to 235p and reiterates BUY rating. Target price on Serco Group (SRP.L) has been revised downwards by Jefferies. New target price is 340p down from 435p. HOLD rating maintained. Credit Suisse cuts target price on Standard Chartered (STAN.L) to 1150p. UNDERPERFORM rating reiterated. After ARM holdings (ARM.L) […]
Hawaiian Airlines has announced news of orders of the Airbus A330-800neo which is powered by the Rolls Royce (RR.L) Trent 7000 engine. The Airline has ordered 6 new aircraft instead of 6 of the A350-800 aircraft that the airline has on order. Eric Schulz, of Rolls-Royce, said: “We welcome Hawaiian’s decision to select the A330neo, powered […]
Telecoms company TalkTalk (TALK.L) today announced that for the sixth year in a row it has increased first quarter revenue. Revenue was up 3.1% for the period and the company says it is confident in its 2015 full year guidance. TalkTalk also stated that it sees full year dividend up by no less than 15%. […]
Panmure Gordon reiterates BUY Rating on Royal Mail (RMG.L) cites dividend yield supports share price despite parcel group weaknesses. Investec maintains BUY rating on ARM Holdings (ARM.L) and target price of 1100p saying current share price weakness represents decent buying opportunity. After news at IG Group (IGG.L) of a full year profits increase and substantial […]
Financial Spread Betting Firm IG Group (IGG.L) today posted a pretax profit rise of 1.2%, other headline figures include revenue up 2.4% and the announcement of an increased dividend payment up 21%. IG recommended a final dividend of 22.4p per share, taking the full-year dividend to 28.15p. Although the market has remained at relatively low […]
Investec says falls in Babcock (BAB.L) have been overdone, Babcock reported solid first quarter figures today. Maintains BUY rating and target price of 1377p Shore capital upgrades Tesco (TSCO.L) from SELL to HOLD after Chief Exec Philip Clarke resigns today Oriel Securities says Tullow Oil (TLW.L) may take a $150m for failed well and expects […]
Shire Plc (SHP.L) have finally come to agreement with US based AbbVie in a deal of £53.19 / share . This is the fifth offer the US company has made for shire and all previous offers were dismissed as undervaluing the potential of Shire. Commenting on the Merger, Richard A. Gonzalez, Chairman of the Board and […]
Panmure Gordon said it is not expecting fireworks when GlaxoSmithKline (GSK.L) report results next week. forecasts downgraded Liberum downgrades housing shares but names Taylor Wimpey (TW.L) and Bellway (BWY.L) as the current pick of the sector. BNP Paribas says it expects a high chance of another bid coming from Pfizer on Astrazeneca (AZN.L) following their […]
Balfour Beatty (BBY.L) the civil engineering company today announced news of contracts in Hong Kong. The company has secured two contracts. Both ventures will be undertaken under its Hong Kong based group Gammon Construction, a 50/50 joint venture with Jardine Matheson. One worth £216M in a joint venture with Hong Kong based business to build public […]
