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Pin to quick picksCarillion Plc Share News (CLLN)

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Share Price Information for Carillion Plc (CLLN)

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Share Price: 14.27
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Broker tips: Pearson, Mothercare, Carillion

Fri, 23rd Oct 2015 16:55

(ShareCast News) - Exane BNP Paribas downgraded Pearson to ''neutral' from 'outperform' and cut the price target to 1,000p.The bank said its investment case on Pearson was predicated on three main ideas.It argued that cyclical headwinds, especially in US Higher Education, would abate from 2015 onwards and reckoned the transformation of the group towards digital and emerging markets would further help accelerate top line growth while operating efficiency gains would drive margin expansion."We were wrong," said Exane."We concede that it will take the group much longer to see the benefits of the hoped-for cyclical and structural turnaround. We also believe that capital allocation issues are likely to further put pressure on the shares in the near term. We do not see significant upside in the share in the short term." Berenberg initiated coverage of Mothercare at 'hold' with a 250p price target."While we feel that Mothercare does have some potential to improve, we think the risk/reward ratio at current levels is not compelling."Berenberg noted that given the severe weakness in like-for-like growth and the contraction in gross margins in recent years, management is focused on rebuilding the business, aiming for more exclusivity, less discounting and greater customer engagement within stores.The bank said it has pencilled in an average of 1.5% LFL growth for the next four years and gross margins moving up by around 75 basis points a year.However, it said delivery here comes with a high level of risk, adding that a 1% change in LFL affects revenue by around £4m but, given the lossmaking nature of the UK business, affects EPS by around 20%.Carillion got a boost on Friday after JPMorgan Cazenove upgraded its stance on the construction and support services company to 'overweight' from 'neutral' as it took a look at UK contractors.JPM said the UK non-residential construction market is in recovery mode with meaningful opportunities in both the building and infrastructure markets.The bank said it sees the greatest potential at Interserve, Carillion and Kier Group."UK construction and UK services markets represent around 50%-70% of each company's revenue with the outlook for these markets solid, thus providing a strong base for growth across our forecast period."
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21 Mar 2018 17:18

British outsourcer Interserve agrees new funding deal

March 21 (Reuters) - British construction and services company Interserve said on Wednesday it reached an agreement in principle with its creditors which will secure which warned in October that a

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16 Mar 2018 08:01

UPDATE 1-UK's Mitie sees tough year ahead, higher costs from turnaround plan

March 16 (Reuters) - British outsourcing company Mitie Group said on Friday it expected annual costs associated with its turnaround programme to be higher than its previous estimates and added the

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14 Mar 2018 08:05

UPDATE 1-Balfour Beatty's annual profit almost triples

March 14 (Reuters) - British construction group Balfour Beatty Plc said on Wednesday its annual underlying profit almost tripled, as its U.K. construction unit bid to win fell

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9 Mar 2018 06:59

PRESS: Canadian Firm Brookfield Terminates Carillion Contracts Deal

LONDON (Alliance News) - Canadian real estate and facilities company Brookfield Global Integrated Solutions has pulled out of a deal to take over a portfolio of Carillion the

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8 Mar 2018 01:30

PRESS DIGEST- British Business - March 8

March 8 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The TSB to a

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8 Feb 2017 10:21

WS Atkins exploring M&A, keeps own counsel on CH2M merger report

By Esha Vaish Feb 8 (Reuters) - British engineering and design consultancy WS Atkins is examining potential acquisitions, its chief executive said, but he declined to say if it had been approached by U.S. rival CH2M over a $4 billion merger. Dealmaking in engineering and construction

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2 Feb 2017 08:28

Carillion JV extends Openreach framework agreement

(ShareCast News) - Carillion's 60:40 joint venture with telecoms group telent, Carillion telent, has signed a three-year extension to its framework agreement with BT's Openreach to provide a wide range of services. These include the maintenance, extension and repair of the telephone and data networ

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4 Jan 2017 07:14

Carillion joint venture wins £160m Dubai contract

(ShareCast News) - Carillion announced on Wednesday that one of its joint ventures, Al Futtaim Carillion, had been awarded a £160m contract for phase 1A6 of the One Central development by the Dubai World Trade Centre. The FTSE 250 firm said the latest phase of the One Central development has a built

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15 Dec 2016 09:32

BROKER RATINGS SUMMARY: Jefferies Cuts BAE Systems To Hold From Buy

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8 Dec 2016 09:27

BROKER RATINGS SUMMARY: Jefferies Upgrades WPP To Buy From Hold

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7 Dec 2016 11:57

LONDON MARKET MIDDAY: Pound Dip After Weak UK Output Lifts Blue-Chips

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7 Dec 2016 11:06

UPDATE 2-Carillion sees slowdown in pace of new orders post-Brexit

* Spending delay by UK government after Brexit vote * Conditions in Middle East expected to remain challenging * 2017 revenue order visibility 70 pct * Shares down 4.4 pct, 2nd top FTSE midcap loser (Adds CEO, analyst comments, details, share movement) By Esha Vaish <

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7 Dec 2016 10:31

WINNERS & LOSERS SUMMARY: WPP Hit By Report Of US Justice Probe Of Ads

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7 Dec 2016 09:57

BUZZ-Carillion: bears win out in volatile trading post-results

** Carillion falls 5 pct after being up as much as 3.5 pct, after announcing FY guidance ** Sees a slowdown in new orders in H2 due to Brexit vote ** Liberum says trading statement broadly in-line but flattered by a £20m one-off in support services division ** Berenberg, Singer

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7 Dec 2016 07:32

Carillion sees slowdown in pace of new orders post Brexit

Dec 7 (Reuters) - Carillion Plc, a building support services company, said the pace of new order intake had slowed in the second half of the year, partly due to a spending delay by the government following Britain's vote to quit the European Union. The company said on Wednesday it expected

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