Google will be releasing their earnings reports for Q2/2014 on 17/07/2014 Other notible upcoming earnings releases: BES Q2 25/07/2014 After Market Oi Q2 29/07/2014 Barclays Q2 30/07/2014 Lloyds Q2 31/07/2014 Portugal Telecom Q2 07/08/2014 Novozymes Q2 14/08/2014 Related Posts:Can Q1 earnings season refuel the equity market rally? –… April 7, 2024 Earnings parade unofficially starts on […]
Berenberg starts coverage of Ashstead Group (AHT.L) with a BUY recommendation and target price of 1110p Numis has downgraded Admiral (AMD.L) from BUY to ADD, though keeps its target price. Investec has upgraded Debenhams (DEB.L) from SELL to HOLD Both UBS and Jefferies have reduced the target price for Kingfisher (KGF.L) to 450p but also […]
The latest trading update from BWIN.PARTY (BPTY.L) shows mixed trading across the product range with revenue from poker and casino down, bingo flat and sports increasing. This only partly offsets the lower revenues from other products although the company says it is still confident of hitting full year targets. currently the company is undergoing a […]
Deutsche Bank reiterated HOLD rating on Burberry (BRBY.L), citing worsening currency exchange rates for the disappointing Q1 update earlier this week. Says results still show good sales momentum. Oriel Securities maintains BUY rating on imperial Tobacco (IMT.L) as company confirms it is in talks to buy assets or certain brands from Reynolds American and Lorillard. Jeffries expects […]
Investec tells investors to keep faith in Standard Chartered (STAN.L) even after a distinctly disappointing first half update. Hargreaves Lansdown say Burberry’s (BRBY.L) first quarter figures showed signs of increasing positivity and maintains the shares at a strong HOLD rating: “Burberry provides premium products, has a premium valuation, but has yet to attain a premium rating – […]
Petrofac (PFC.L), the oil and gas services provider today announced news it has won a contract with Kuwait Oil Company to provide services for its new gathering center GC29. The contract will run over a 3 year period. The plant is being contructed inline with Kuwaits ambition to increase oil production over the next few […]
Panmure Gordon states the case for a bid of nearer £60/share for Shire (SHP.L) after the latest bid from AbbVie values the company at £51.15/share. Admiral (ADM.L) lacklustre statement earlier has prompted a note of caution from Canaccord Genuity and forced a downgrade of its rating from HOLD to SELL. Credit Suisse start coverage of TSB […]
Insurer Admiral (ADM.L) lead the FTSE100 lower this morning after a disappointing update to investors. H1 revenue at the company declined 9% in the period, even though customer base increased insurance premiums fell overall and the company says it is yet to see signs of any trend of an increase in premiums in the near […]
Citigroup upgrades Weir Group (WEIR.L) from NEUTRAL to BUY citing underappreciation by the market. Credit Suisse reiterates its ‘OUTPERFORM’ rating pf miner Rio Tinto (RIO.L). Maintains 4000p target price. Credit Suisse keeps ‘UNDERPERFORM’ rating on gold miner Polymetal (POLY.L), urging caution. Investec upgrades Pharmaceutical group Clinigen from ‘HOLD’ to ‘BUY’ citing the lower target price […]
Petropavlovsk (POG.L) this morning reassured investors by releasing a statement after recent share price movement lower saying it “notes the recent weakness in the Company’s share price and advises the Group is performing operationally in accordance with its strategic plan and budget and maintains its guidance for 2014 total production of 625,000oz of gold.” The […]
Weir Group (WEIR.L) is one of the FTSE100s top risers this morning, making gains off the back of positive broker commentary as Citigroup upgrade the shares to BUY from NEUTRAL citing the markets underappreciation of the engineering groups opportunities in the oil and gas markets. Citigroup said “”Weir deserves a premium rating to the sector […]
Information services provider, Experian (EXPN.L) jumped on Friday after broker Deutsches Bank reiterated a buy rating on the shares in there latest report to investors. Shares rallied nearly 18% ahead of full year results due 11th July. Experian could be one to watch next week. Related Posts:Market Comment – Stocks climb after sizzling US jobs […]
Energy giant Centrica (CNA.L) was fined by the UK regulator Ofgem after admitting recently that it had missold power and gas deals to consumers under its British Gas and Sainsburys brands The company had already released a statement detailing misselling by its sales staff and potentially exaggerated saving claims on switching energy deals. Staff did […]
Major oil player BP (BP.L) has announced that it has signed a supply deal with Russian oil major Rosneft in which it will pay at least $1.5Bn upfront for the supply of oil. This is the second agreement reached recently between the two companies since Rosneft’s Executive Chairman Igor Sechin had a visa ban and asset […]
In focus Shire Plc (SHP.L) today revealed a bid by US Group AbbVie for the company, comprising 2,044p in cash and 0.7988 AbbVie shares per Shire share, valuing it at 4,611p per share. This represents a 23% premium to Shire’s share price of 3,738p on June 19th. Shire has turned down the current approach, which they […]
Rolls Royce (RR.L) today announced news that it has committed to a £1Bn share buyback scheme subject to the completion of the sale of its Energy gas turbine and compressor business to Siemens. The sale announced on 6 May this year, is expected to complete by the end of 2014. John Rishton, CEO of Rolls-Royce, said: “As no […]
Pharmaceutical group, Shire Plc (SHP.L) continued its climb this afternoon after reports earlier in the week of a potential bid on the company. It was reported by reuters that Shire has hired Citi as an advisor as it expects to receive approaches. As an Irish tax based company the corporation tax rate is the lowest […]
Homebuilder, Berkeley Group (BKG.L) today announced full year results for year ending 30th April 2014. Highlights of the results show strong home completions, an increase in the earnings per share of nearly 40% and a much larger net cash balance. The company has been upgraded to BUY from HOLD buy numis brokers with a new […]
Recent broker comment has turned positive for Weir Group Plc (WEIR.L). The share is now rated as a hold by 8 major brokers amid positivity in the US oil and gas sector. It is reported US companies are drilling pretty much non stop to hit their targets which is good news for Weir Group as […]
There have been reports circulating today of a rumoured takeover bid by Qatari investors or French energy company EDF on energy giant Centrica (CNA.L). Reports in the media suggest a group of Qatari investors may have already approached Centrica Shareholders with a stock purchase offer ahead of a cash offer for the company. This comes […]
Retail giant M&S (MKS) reported a drop in annual profits this morning as its clothing division continues to struggle. Pre tax profit cam in 3.9 % lower than previously at £623m. General Merchandise, the clothing arm reported a 1.4% drop in like for like sales, however there was more positive news for the other sections of […]
Royal Bank of Scotland (RBS.L) the majority UK tax payer owned bank today jumped, trading nearly 12% up early on this morning after the bank announced a rise in profits with pre-tax profit rising to £1.64bn in the first three months of 2013, up from £826m the year before. Highlights of the announcement include: Operating profit […]
News emerged this morning that mining giant Glencore Xstrata (XTA.L) has finally approved plans to sell its project in Peru, the Las Bambas copper mine. The deal comes after months of negotiation and is worth $5.85Bln and the project will be sold to a consortium of investors including a subsidiary of Chinese state-owned China Minmetals Corp. […]
Infrastructure giant, Balfour Beatty plc (BBY.L) today released news detailing the results of a longstanding dispute in its professional services division. The arbitration process found in Parsons Brinckerhoff’s favour on a number of matters, but the overall award of US$8 million is significantly lower than management expectations. Overall, the contribution to the 2014 income statement is […]
There will be some changes at the top for Cairn Energy plc as Deputy Chief Executive Officer (CEO) Mike Watts and Managing Director and Chief Financial Officer (CFO) Jann Brown are stepping down as executive directors of the company. Both will be leaving after the Annual General Meeting in May, though both have agreed to continue […]
Broker Bernstein today downgraded Telecoms giant BT plc (BT-A.L) putting the companies shares under potential pressure. The broker sited potential overspending on TV rights and competition from rivals such as Virgin Media when downgrading the company to ‘market-perform’ and giving a fair value price of 385p. With the upcoming auction of live sports rights and […]
Unilever (ULVR.L) plc shares are up this morning after news emerged the company is considering a 4Bln share buyback. An article in the Financial Times today revealed that they are considering returning cash to investors and may announce a share buyback at the next quarterly results due later this month. The company who owns well […]
Retailer, Marks and Spencer (MKS) today unveiled plans to build the brand further worldwide with the opening of 250 new stores over the next 3 years. The company hopes to grow its international revenue and profits by as much as 40%. Chief Executive Marc Bolland, speaking to city analysts this morning said “We need to […]
Irish bookmaker Paddy Power Plc today announced record results with growth across all divisions. The company reaped the benefits of its mobile betting platform and despite a poorer performance in sports betting over the second half of the year still managed to record net revenue up 17%. The company showed a strong sportsbook growth with […]
Security services company, Serco Plc reported a 62% drop in profits for 2013 after additional costs relating to the security tagging scandal with its UK government contract. The company paid £90.5m to settle claims it charged the government for tagging people who were either dead or in jail. The group paid a further £21m in other […]
