Best of the Brokers for 27 August 2015 August 27, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com CAPE Arden Partners reiterated its “buy” recommendation on the oil services firm, but cut its price target from 300p to 280p, following results for the first half. The company maintained its 4.5p interim dividend, which the broker said “further strengthens the case for [...]
China fears hit again to push FTSE back down – London Report August 27, 2015 DESPITE rallying from China-related fears on Tuesday, the UK’s top share index sank yesterday, ending up not far from its lowest closing levels since the end of 2012. Data showing an unexpected pick-up in UK retail sales and an increase in mortgage approvals offered encouraging signals on the domestic economy but failed to stem selling. [...]
Coca-Cola’s Santa Claus brings fizz to International Greetings August 27, 2015 GIFT wrap and card-making company International Greetings said trading has got off to a good start in the first quarter of the year after winning contracts with the likes of Coca-Cola and Universal Studios for its Despicable Me film. The Bedfordshire-based company, which also makes crackers, gift bags and stationary said it is on track [...]
Online growth through mobile devices slows August 27, 2015 ONLINE sales growth through smartphones and tablets came to a standstill in the second quarter , suggesting the boom in mobile growth may have peaked, new figures showed. The amount of sales through mobile devices stood at 42 per cent in the first three months of the year and stayed at that rate in the [...]
Butchery firm moves its prime cuts up in executive promotions August 27, 2015 CRAWSHAW Group yesterday announced Alan Richardson will be appointed chief financial officer, taking the reins from Lynda Sherratt on the 1st October 2015. Richardson joins Crawshaws from the 7 September following five years at Morrisons where he worked in a range of senior finance roles. After qualifying as an accountant with KPMG in 2001, he [...]
Deloitte UK’s Young Banker of the Year Awards 2015 nominees: They’re bankers, but not as you know them… August 27, 2015 Meet Deloitte UK's Young Banker of the Year Awards' nominees In recent years, identifying oneself as a banker has been something of a social faux pas. But are things about to change? As the summer break comes to an end, financial advisers Deloitte are kicking off the new school term with their Young [...]
Hat trick of contract wins boosts first half revenues at Carillion August 27, 2015 SUPPORT services giant Carillion said the “exceptional volume” of new contracts won last year helped boost revenues in the first half. The company, which maintains railways and roads and military bases, said revenue rose 21 per cent to £2.3bn in the six months to 30 June from £1.9bn a year earlier. New first-half orders plus [...]
HSS Hire shares nosedive as it warns on profit August 27, 2015 SHARES in HSS Hire plummeted 37 per cent yesterday as the tool hire firm issued a profit warning just months after making its market debut. The company, which supplies tool, equipment and machinery to businesses from 265 branches across the UK, said trading had been “unpredictable” and softer than it expected in August. As a [...]
Westfield ramps up expansion with launch of $2.5bn projects August 27, 2015 AUSTRALIAN shopping centre owner Westfield is gearing up its expansion with plans to kick-off $2.5bn (£970m) of projects this year, including its £600m extension of Westfield London. The retail giant spun off its Australian and New Zealand operations into a separate business last year to focus on its growing international business. Westfield’s joint chief executives [...]
Deal crowns UK as betting M&A hotspot August 27, 2015 THE UK has become the biggest hub for gambling M&A this year in the wake of yesterday’s deal, new figures show. About $6.8bn (£4.4bn) of UK tie-ups have been announced so far this year, according to Dealogic, putting it ahead of its biggest rival the US, which has seen a 65 per cent slump in [...]
