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Broker tips: Shire, ARM Holdings, Transport, Real estate

Tue, 21st Oct 2014 12:55

Panmure Gordon chose to reiterate its 'buy' recommendation on Shire even though the $54bn pursuit by Abbvie is now officially over, highlighting an "opportunity" for investors to pick up shares after recent falls.Analyst Savvas Neophytou said that the company's rare diseases business still remains "an attractive asset" and that Shire will have "multiple suitors". Allergan and Glaxosmithkline could be potential bidders for Shire's portfolio, he said.Liberum has kept a 'sell' rating on shares of chip designer ARM Holdings despite a "broadly in-line" third quarter, saying that future prospects are likely to be held back by a slowdown in its end-markets.While ARM said it remains on track to hit full-year forecasts and painted an upbeat picture for the fourth quarter, Liberum reiterated its negative outlook: "While licensing continues to be strong for the company, we expect royalty growth to disappoint as smartphone and tablet growth continues to slowdown."Broker Shore Capital welcomed transport group Go-Ahead's latest update but said it was keener on rival Stagecoach.Shore said it remained a firm supporter of Go-Ahead and its strategy, but it said that it believed there was better value elsewhere in the sector, given the lack of rail franchise news likely in the near term.Credit Suisse has highlighted an "attractive entry point" for potential investors of Rightmove and Zoopla, downplaying concerns about the threat to the UK estate agent portal industry from newcomer Agents' Mutual."We conclude that Agents' Mutual membership is growing, the risks are real and will impact Rightmove and Zoopla 2015 numbers, but that with the stocks down 13% and 17% respectively over the last month the risks are priced in," Credit Suisse said.
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3 Apr 2020 08:14

UPDATE 1-Go-Ahead chiefs take pay cut as govt throws lifeline to UK bus providers

(Adds FirstGroup, Stagecoach, details on sector, background)April 3 (Reuters) - Management at London bus and train operator Go-Ahead Group on Friday said it was taking a 20% pay cut as it and other bus companies welcomed 167 million pounds ($206.6...

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3 Apr 2020 08:04

FirstGroup and Go-Ahead shares rise on DfT support for bus services

(Sharecast News) - Both FirstGroup and Go-Ahead Group released statements on Friday in favour of a newly-announced financial support for crucial regional bus services in England, from the Department for Transport.

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3 Apr 2020 07:40

LONDON MARKET PRE-OPEN: Bus Firms Welcome Help; Ryanair Numbers Halve

LONDON MARKET PRE-OPEN: Bus Firms Welcome Help; Ryanair Numbers Halve

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30 Mar 2020 10:58

Go-Ahead's Govia Signs Direct Award For Operation Of Southeastern Rail

Go-Ahead's Govia Signs Direct Award For Operation Of Southeastern Rail

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30 Mar 2020 07:56

Go-Ahead directly awarded Southeastern rail franchise

(Sharecast News) - Train operator Go-Ahead Group said it had been directly awarded a contract to run the UK's Southeastern franchise until October 2021.

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23 Mar 2020 12:03

LONDON MARKET MIDDAY: Traders Await US Stimulus Agreement, FTSE Flops

LONDON MARKET MIDDAY: Traders Await US Stimulus Agreement, FTSE Flops

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23 Mar 2020 11:31

UK Rail Franchise Agreements To Be Suspended Due To Coronavirus

UK Rail Franchise Agreements To Be Suspended Due To Coronavirus

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23 Mar 2020 11:27

UK WINNERS & LOSERS SUMMARY: Shell Rises After Protecting Dividend

UK WINNERS & LOSERS SUMMARY: Shell Rises After Protecting Dividend

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23 Mar 2020 10:48

Go-Ahead Postpones Dividend Payment As Covid-19 Hurts Travel Demand

Go-Ahead Postpones Dividend Payment As Covid-19 Hurts Travel Demand

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23 Mar 2020 08:53

Covid-19: UK govt suspends rail franchises to stop firms collapsing

(Sharecast News) - The UK government effectively renationalised the railways on a temporary basis as it suspended all franchise agreements to help train companies avoid collapse due to the coronavirus pandemic.

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23 Mar 2020 07:57

UPDATE 1-Britain brings in emergency measures to prop up rail network

(Adds detail, background)LONDON, March 23 (Reuters) - Britain said on Monday it was taking emergency measures to help its rail network survive a 70% drop in passenger numbers as coronavirus stops many people from travelling.The Department for Tran...

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23 Mar 2020 07:55

Go Ahead suspends divi; says govt to reveal train franchise changes

(Sharecast News) - Rail and bus operator Go-Ahead Group said the UK's Department for Transport would on Monday announce temporary changes to rail franchise agreements across the UK to support the sector during the coronaviruis crisis and added that it would be suspending its dividend.

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23 Mar 2020 07:48

LONDON MARKET PRE-OPEN: Dividend, Share Buybacks And Spending On Hold

LONDON MARKET PRE-OPEN: Dividend, Share Buybacks And Spending On Hold

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23 Mar 2020 07:22

Britain brings in emergency measures to prop up rail network

LONDON, March 23 (Reuters) - Britain said it was taking emergency measures to help its rail network survive a 70% drop in passenger numbers as coronavirus forces people to work from home and not travel.Britain said on Monday it was temporarily sus...

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20 Mar 2020 07:48

Britain's rail network cuts services, Heathrow shrinks

LONDON, March 20 (Reuters) - Britain's rail network will operate half its normal service during the coronavirus crisis, the government and rail industry body said on Friday, and Heathrow Airport's operations will shrink as more of the country goe...

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