Friday broker round-up
2nd Nov 2012 08:18
Associated British Foods: Panmure Gordon keeps hold rating and 1,300p target. Balfour Beatty: Goldman Sachs downgrades to neutral, target cut from 330p to 322p. BG Group: Deutsche Bank downgrades to hold, target cut from 1,700p to 1,350p; Liberum Capital downgrades to hold. British Sky Broadcasti
Read moreGalliford Try to build Birmingham casino complex
15th Oct 2012 07:22
Construction group Galiford Try is to build a casino complex at the National Exhibition Centre in Birmingham. The £89m deal with Genting UK, the largest operator of casinos in the UK, includes construction of the casino, as well as a 176-bed hotel, and a spa. The 'Resorts World' project will also
Read moreHICL makes two small PFI investments
1st Oct 2012 07:26
Infrastructure investment firm HICL Infrastructure has made two new investments in private finance initiative (PFI) projects. The first purchase sees HICL taking total ownership of the Dorset Fire & Rescue PFI Project with the acquisition of Carden Croft's minority 33.0% equity and loan interest.
Read moreDomino's director slices off 100,000 shares
27th Sep 2012 17:30
Patricia Thomas, the Operations Director at Domino's Pizza UK & Ireland, the main operating subsidiary of Domino's Pizza, sold 100,000 ordinary shares in the company on the same day it reported a slowdown in like-for-like sales growth in the third quarter. Thomas disposed of the shares at an avera
Read moreSunday share tips: Lookers, G4S, Galliford Try
23rd Sep 2012 16:26
The shares of Lookers, the car dealership, were weak last week, as the 17.3 per cent stake owned by Trefick was sold off in an orderly manner. The sale came after two failed takeover attempts last year. Indeed, with the share hitting a high of 73½p early last week, it looks like the board was correc
Read moreGalliford Try Finance Director sells as firm doubles divi
19th Sep 2012 16:40
Frank Nelson, the Finance Director of Galliford Try, the house-building and construction firm, has sold 80,000 shares on the same day the company reported soaring profits in the year ended June 30th. Nelson, who was appointed to the board in 2000, traded in the shares at 686.63p each for a total o
Read moreLondon close: Late rally fizzles
18th Sep 2012 16:50
A late rally which briefly looked like it might see Footsie venture into positive territory for the first time all day was nipped in the bud right at the death. Equities had a dull but fretful day, which started with concerns over China becoming involved in a trade war with the US and a military wa
Read moreFTSE 250 movers: Galliford soars as divi almost doubles
18th Sep 2012 14:47
House-building and construction firm Galliford Try saw in the top spot after it saw profits soar last year, paving the way for its full-year dividend pay-out to almost double. Group revenue in the year ended June 30th rose 17% to £1,504m from £1,284m the year before. Profit before tax surged 80% t
Read moreBroker tips: British American Tobacco, Imperial, Galliford, StanChart
18th Sep 2012 12:17
After reviewing key news-flow across the industry in the prior month as well as the latest market data for Spain and Japan cigarettes, Swedish and US smokeless, and US cigars, analysts at Nomura have up-dated their forecasts and price targets for the companies within this sector where appropriate.
Read moreLondon midday: Stocks pare losses after in-line macro data
18th Sep 2012 12:06
Inflation data was in line with forecasts while the Spanish debt auction went as well as could be expected, prompting London equities to claw back some of the losses seen in early trading The Consumer Prices Index (CPI) measure of inflation dropped to 2.5% in August, down from 2.6% in July, helped
Read moreBroker snap: Peel Hunt sees material increase in Galliford´s target
18th Sep 2012 11:52
Analysts at Peel Hunt have today issued a relatively upbeat note on shares of house-building and construction outfit Galliford. In their own words, "The three-year growth plan has more than delivered, with profit before tax (PBT) of £63m. Driving for a 300 basis-point gain in margins over and abov
Read moreLondon open: Stocks retreat ahead of inflation update
18th Sep 2012 08:54
London has opened lower ahead of this morning's inflation figures, with tensions in China putting investors in a cautious frame of mind. There are signs that US President Barack Obama may be keen to pick a fight with China over US jobs. Obama launched action at the World Trade Organisation (WTO) to
Read moreGalliford Try gives itself well-deserved pat on the back
18th Sep 2012 07:59
Galliford Try, the house-building and construction firm, has made good on its pledge to dish out more dosh to shareholders, after a sparkling set of full year results. The group's need for cash is not as marked as it once was, so the board intends to pay out around half of retained earnings in the
Read moreLondon pre-open: Stocks to slide as Chinese tensions rise
18th Sep 2012 07:13
London is set to follow Wall Street lower at the outset, with sentiment likely to be dampened by geopolitical concerns. There are signs that US President Barack Obama may be keen to pick a fight with China over US jobs. Obama launched action at the World Trade Organisation (WTO) to stop Chinese aut
Read moreGalliford Try sparkles
18th Sep 2012 07:03
House-building and construction firm Galliford Try saw profits soar last year, paving the way for its full-year dividend pay-out to almost double. Group revenue in the year ended June 30th rose 17% to £1,504m from £1,284m the year before. Profit before tax surged 80% to £63.1m from £35.1m the pre
Read more