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Friday broker round-up UPDATE

Fri, 19th Apr 2013 08:47

African Barrick Gold: JP Morgan cuts target price from 290p to 200p, while leaving its underweight rating rating unchanged. Fox Davies reduces target price from 353p to 315p and maintains a hold rating. Westhouse Securities lowers target price from 195p to 180p retaining a neutral rating.Belvoir Lettings: Cantor Fitzgerald raises target price from 140p to 175p and upgrades to buy.Black Mountain Resources: Westhouse Securities initiates with a target price of 23p and a buy recommendation.Dairy Crest Group: JP Morgan increases target price from 455p to 493p reiterating an overweight rating.Dart Group: canaccord Genuity raises target price from 152p to 204p and maintains a buy recommendation.Fresnillo: Deutsche Bank lowers target price from 1040p to 999p and reiterates a sell recommendation.Genel Energy: Deutsche Bank ups target price from 1090p to 1230p and keeps a buy recommendation.GlaxoSmithKline: Deutsche Bank raises target price from 1530p to 1620p and retains a hold recommendation.Globo: HB Markets initiates with a speculative buy.Go-Ahead Group: Espirito Santo takes target price from 1700p to 1750p reiterating a buy recommendation.Inmarsat: Credit Suisse moves target price from 700p to 800p and retains an outperform rating.Ithaca Energy: Westhouse Securities ups target price from 165p to 200p and reiterates a buy recommendation.Jupiter Fund Management: JP Morgan shifts target price from 390p to 399p and maintains an overweight rating.Michael Page: Deutsche Bank lowers target price from 350p to 330p and stays with its hold recommendation.Moneysupermarket: Investec raises target price from 190p to 215p and upgrades from hold to buy.Pace: Canaccord Genuity takes target price from 263p to 286p keeping a buy recommendation.Persimmon: Citigroup ups target price from 975p to 1220p and keeps a buy recommendation.Royal Bank of Scotland: UBS reduces target price from 410p to 370p staying with its buy recommendation. Deutsche Bank shifts target price from 300p to 295p and retains a hold recommendation.RPS Group: Panmure Gordon shifts target price from 242p to 250p retaining a hold recommendation.SABMiller: Nomura reduces target price from 3400p to 3300p keeping a neutral rating.Spectris: Investec places both its target price (prev.: 2575p) and its hold recommendation under review.
More News
7 Mar 2024 16:47

EARNINGS AND TRADING: Belvoir, Property Franchise merger now effective

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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6 Mar 2024 20:43

IN BRIEF: Belvoir and Property Franchise to merge after court approval

Belvoir Group PLC - Grantham, England-based property franchise and financial services company - High Court of Justice approves merger with Property Franchise Group PLC, a Bournemouth, England-based lettings and estate agency franchising firm. The proposed merger will create a GBP214 million company managing 152,000 properties across the UK. The takeover is expected to become effective on Thursday.

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15 Feb 2024 14:33

IN BRIEF: Belvoir shareholders approve merger with Property Franchise

Belvoir Group PLC - Grantham, England-based property franchise and financial services company - Shareholders approve all-share merger with Property Franchise Group PLC, a Bournemouth, England-based lettings and estate agency franchising firm, with about 98% voting in favour. The proposed merger would create a GBP214 million company managing 152,000 properties across the UK. Last week Friday, virtually all Property Franchise shareholders at the company's general meeting also voted in favour of the merger. Belvoir expects the merger to complete on March 7.

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9 Feb 2024 20:24

TRADING UPDATES: ValiRx receives shareholder request for board change

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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11 Jan 2024 09:00

TOP NEWS: LondonMetric Property and LXi REIT plan all-share merger

(Alliance News) - LondonMetric Property PLC and LXi REIT PLC on Thursday said they have agreed to an all-share merger that will create the UK's fourth largest real estate investment trust.

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10 Jan 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 falls as investors await rates clarity

(Alliance News) - Blue-chip European shares were lower early Wednesday afternoon, with the mood in equity markets uncertain ahead of Thursday's key US inflation report.

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10 Jan 2024 09:22

TOP NEWS: Property Franchise Group and Belvoir agree all-share merger

(Alliance News) - Belvoir Group PLC and Property Franchise Group PLC on Wednesday said they have agreed an all-share merger that will create a GBP214 million company managing 152,000 properties across the UK.

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10 Jan 2024 07:40

LONDON BRIEFING: Sainsbury's grocery sales drive festive growth

(Alliance News) - Stocks are expected to retreat at Wednesday's market open in London, with investors hesitant to take risks ahead of key market catalysts later this week.

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10 Jan 2024 07:21

Belvoir agrees all-share merger with Property Franchise Group

(Sharecast News) - Belvoir Group and the Property Franchise Group announced a recommended all-share merger on Wednesday, to create a combined property franchise business.

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5 Nov 2023 21:40

Sunday share tips: Belvoir Group, YouGov

(Sharecast News) - Midas told readers on Sunday to hold onto their shares of property rental outfit Belvoir Group.

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4 Sep 2023 10:58

Belvoir posts improved interim results; set to meet expectations

(Alliance News) - Belvoir Group PLC on Monday said its half-year results were "comfortably" in line with its expectations as it posted a higher profit and revenue.

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29 Aug 2023 14:12

Belvoir buys two financial services firms

(Sharecast News) - Property and financial service franchise Belvoir Group announced the acquisition of two financial services businesses on Tuesday - MAB South West and BMA Bristol - as part of its ongoing growth strategy.

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29 Aug 2023 12:09

Belvoir buys financial services business MAB for GBP1 million

(Alliance News) - Belvoir Group PLC on Tuesday said it has acquired MAB (South West) Ltd, a financial services business for GBP1.0 million in cash.

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3 Aug 2023 15:51

Belvoir expects positive first half results in all revenue streams

(Alliance News) - Belvoir Group PLC on Thursday said it expects positive first half results across the board.

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18 May 2023 14:31

IN BRIEF: Belvoir says trading to date in line with expectations

Belvoir Group PLC - Lincolnshire, England-based property franchise and financial services - For 2023, says trading to date has been in line with expectations. Notes resilient performance, with management services fees up 5% from the property franchise division year-on-year. Says gross profit from the financial services division is up 8% year-on-year.

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