MARKET TALK: Nomura Upgrades Inchcape To Neutral
22nd Jul 2010 07:19
0619 GMT [Dow Jones] Nomura upgrades Inchcape (INCH.LN) to neutral from reduce, and lifts its price target to 330p from 320p. Also lifts its FY pretax profit forecast by 7% ahead of 1H results on July 29. Says this is primarily driven by sales and margin improvements expected in Australia, Hong Kong
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jul 2010 07:19
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] 0619 GMT [Dow Jones] Nomura upgrades Inchcape (INCH.LN) to neutral from reduce, and lifts its price target to 330p from 320p.
Read moreFTSE 250 movers: SSL surges on Reckitt bid
21st Jul 2010 14:48
Shares in SSL, the maker of Durex condoms and Scholl foot care products, soared after a bid from Reckitt Benckiser, the maker of household products such as the cleaning agent Cillit Bang and Nurofen painkillers. Reckitt will pay SSL shareholders 1,163p per share with a final dividend taking the tot
Read moreMARKET TALK: UBS Upgrades Inchcape To Buy From Neutral
12th Jul 2010 07:57
0657 GMT [Dow Jones] UBS upgrades Inchcape (INCH.LN) to buy from neutral and nudges up the price target to 330p from 310p. Describes the share price performance as "lackluster," despite a 50% increase in FY '11 earnings over the last 12 months. Thinks the current trading level is a good entry point.
Read moreInchcape Q1 revenue rises, cautious for FY
13th May 2010 08:48
Shares in car dealer Inchcape motored higher after it posted a 13% rise in first quarter revenue but said it remains cautious for the remainder of the year. For the quarter ended 31 March the group revealed a 14.8% gain in like for like revenue in actual currency. On a cautionary note, Inchcape sa
Read moreBroker snap: Market conditions improve for Inchcape
16th Apr 2010 13:33
A better performance by Toyota in the US in March suggests that the accident prone Japanese car manufacturer's reputation in other regions may be on the mend, which should be good news for car dealer Inchcape. "While Inchcape is not exposed to the US market, this was where the product recall stemm
Read moreBroker tips: ARM, Inchcape, Hansteen
16th Apr 2010 08:24
The emergence of Apple's iPad device bodes well for chip maker ARM Holdings, according to Goldman Sachs, which has raised its target price on the company to 250p from 230p. 'Our latest analysis of potential unit penetration of the Apple iPad as a disruptive new entrant into the converged device ind
Read moreThursday tips round-up: Inchcape, Interserve, Melrose
11th Mar 2010 06:05
Joint broker Investec ? which is not pencilling-in a dividend for the foreseeable future ? believes that Inchcape's pre-tax profits will rise to £165 million this year, putting the shares on a multiple of just over 11 times. That feels a little rich for a motor retailer. Even if you applied it to In
Read moreLondon afternoon: Stocks trade sideways
10th Mar 2010 14:25
The market traded sideways over the lunchtime session allowing the blue-chip index to retain its tenuous position above the 6500 level. Mining stocks are doing their bit to bolster the Footsie as metal prices rise following a sharp increase in imports into China in February. Banks are also doing th
Read moreLondon midday: FTSE 250 stocks shine
10th Mar 2010 12:01
The Footsie is clinging on to positive territory, not helped by the likes of Admiral, BATS, Serco, Schroders, Standard Chartered and TUI Travel trading in ex-dividend form today. The main points of interest this morning were outside of the FTSE 100 index, however. FTSE 250 constituent Tullett Prebo
Read moreLondon open: Very quiet start
10th Mar 2010 08:51
London's blue chips have opened lower but there is little momentum either way at present with modest gains for the banks offset by a stack of companies going ex-dividend. Derivatives broker Tullett Prebon is the stand-out after it confirmed preliminary discussions with a third party which may or ma
Read moreInchcape issues cautious outlook
10th Mar 2010 07:29
Car dealer Inchcape said 2009 profit fell less than expected but on a cautionary note, it warned market conditions in 2010 are expected to remain challenging. The group, which raised £234.3m through a rights issue, said pre-exceptional profit before tax fell to £155.1m from £190.7m the year before
Read moreFTSE 250 movers: Weir leads the way
9th Mar 2010 11:38
Weir is the top riser in the FTSE 100. The weakness of sterling helped the engineering group Weir grow revenues in 2009 and post a record operating profit. Revenue in 2009 grew 3% to £1,390m from £1,354m in 2008, but was down in 7% in constant currency (CC) terms. The car dealer Inchcape is motorin
Read moreFTSE 250 movers: Resilient Galiform leads the way
12th Jan 2010 14:35
Joinery company Galiform has built good gains after it said it expects pre-tax profits for the year to come in at the top end of expectations as it continued to perform resiliently. IT infrastructure services provider Computacenter is higher after it said 2009 profit before tax and exceptional item
Read moreInchcape chairman buys
22nd Dec 2009 16:07
Inchcape non-executive chairman Ken Hanna has nearly doubled his stake in the vehicle distributor and dealer. Hanna has acquired 330,000 shares at 29.58p each, costing a total of £97,614. That takes his stake to 700,000 shares. Hanna acquired 333,000 shares at 6p each in April's rights issue. T
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