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Stagecoach Share News (SGC)

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Share News for Stagecoach (SGC)


Share Price: 160.50Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Stagecoach
Spread: 0.00Spread as %: 0.00%Open: 158.70High: 0.00Low: 0.00Yesterday’s Close: 160.50




BUZZ-Street view: Sector winners and losers post UK election

Fri, 9th Jun 2017 15:19

(Adds detail)

** Some reactions from analysts across the Street on UK election outcome and likely sector winners and losers

** British Prime Minister Theresa May will form a government supported by a small Northern Irish party after the Tories lost parliamentary majority days before talks on Brexit are due to begin

UK BANKS

Bernstein says election bad news for the banks & that it will be a weak government leading UK into Brexit negotiations -- "the single biggest tail risk for the economy and that can't be good news for the banks"

Morgan Stanley economists expect easier fiscal policy; say softer Brexit should be positive for 2018+ GDP, benefit for UK banks over time

RBC says the uncertainty created by a hung parliament could mean rates remain lower for longer

UK CONSUMER SECTOR

RBC sees election outcome as a negative for UK exposed businesses with high dollar sourcing costs

UK TRANSPORTATION:

RBC says if the UK election result is perceived to reduce the probability of a hard Brexit, beneficiaries would include Wizz Air and Ryanair.

Beneficiaries from weaker sterling include National Express and FirstGroup, from their US operations

UK GAMING

Berenberg says a hung parliament could lead to harsher decisions about gaming machines

Davy Research says "passing anything controversial would be a challenge," in a hung parliament; adds gaming machines are increasingly controversial with on-going media scrutiny

UK UTILITIES

"We view a Conservative/DUP coalition as thematically more favourable, as the threat of Labour introducing more punitive policies has for now receded," RBC says

(Reuters Messaging: tenzin.pema1.thomsonreuters.com@reuters.net; derek.francis.thomsonreuters.com@reuters.net)



(c) Copyright Thomson Reuters 2017. Click For Restrictions - http://about.reuters.com/fulllegal.asp







UPDATE 1-Britain's FTSE eyes strongest quarter since 2013

* FTSE 100 up 0.3 pct at close* Pound, oil boost index in Q2* Cyclicals rally as trade worries ease (Recasts, updates prices at close)By Kit ReesLONDO
[29 Jun '18 17:05]

Britain's FTSE eyes strongest quarter since 2010

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.8 pct* Pound, oil boost index in Q2* Cyclicals rally as trade
[29 Jun '18 10:13]

UPDATE 1-Britain's FTSE dips as trade worries dull risk appetite again

* FTSE 100 down 0.1 pct* British index outperforms European peers* Banks on the backfoot, defensives rally* Shire rises after Takeda shareholder group
[28 Jun '18 17:17]

Commodities drag Britain's FTSE as trade worries dull risk appetite

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.2 pct* Banks on the backfoot, defensives rally* Shire rises
[28 Jun '18 10:17]

UPDATE 2-Stagecoach cuts dividend as UK rail business contracts

* East Coast rail contract results in 85.6 mln pound hit* Year dividend cut to 7.7 pence per share from 11.9 pence* Wants to bid for more UK rail cont
[28 Jun '18 08:15]

Stagecoach cuts dividend, hit by East Coast rail costs

LONDON, June 28 (Reuters) - British transport company Stagecoach cut its dividend after annual profits fell, and the company took an 85.6 million poun
[28 Jun '18 07:23]

UK's Labour loses vote to dock transport minister's pay over rail failure

LONDON, May 23 (Reuters) - Britain's opposition Labour Party lost a vote on Wednesday to force the government to dock the transport minister's salary
[23 May '18 16:20]

UPDATE 1-Ambitious bids were sought for failed British rail line, lawmakers told

(Adds quotes)LONDON, May 21 (Reuters) - Britain's Department for Transport (DfT) encouraged "ambitious" bidding on revenue projections for the failed
[21 May '18 19:26]



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