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Monday broker round-up UPDATE

Mon, 31st Mar 2014 10:41

African Minerals: Credit Suisse cuts target price from 280p to 200p maintaining a neutral rating.Anglo American: Credit Suisse reduces target price from 1900p to 1800p and retains an outperform rating.ARM Holdings: Barclays takes target price from 1125p to 1200p and reiterates an overweight recommendation.ASOS: Barclays increases target price from 6000p to 8000p, while its overweight rating remains unchanged.Berendsen: UBS raises target price from 950p to 1100p keeping a neutral rating.Cello Group: N+1 Singer lowers target price from 123p to 122p and retains a buy recommendation.Clinigen Group: Numis takes target price from 620p to 650p upgrading to buy.Daily Mail & General Trust: Westhouse Securities upgrades from neutral to add with a target price of 960p.Darty: N+1 Singer ups target price to 140p and upgrades to buy.easyJet: Numis raises target price from 1900p to 2100p upgrading to buy.Ferrexpo: Barclays shifts target price from 170p to 175p and keeps a neutral rating.Filtronic: Panmure Gordon reduces target price from 84p to 54p downgrading from buy to hold.Glencore Xstrata: Credit Suisse cuts target price from 400p to 380p and retains an outperform rating.Grainger: Jefferies ups target price from 239p to 260p and maintains a buy recommendation.ITE Group: Westhouse Securities cuts target price from 215p to 206p and maintains a neutral rating.Johnson Matthey: UBS raises target price from 3215p to 3275p and reiterates a neutral rating.London Mining: Credit Suisse cuts target price from 170p to 140p leaving its outperform rating unaltered.Majestic Wine: N+1 Singer cuts target price to 470p, while keeping its buy recommendation.Morrison (Wm): Societe Generale cuts target price from 200p to 170p and stays with its sell recommendation.Petards: Northland Capital reinitiates with a target price of 18p and a buy recommendation.Phoenix Group: canaccord Genuity cuts target price from 865p to 800p, while leaving its buy recommendation unchanged.Reckitt Benckiser: Deutsche Bank raises target price from 5100p to 6000p and retains its buy recommendation.Regenersis: Panmure Gordon places both its target price and its buy recommendation under review.Sage Group: Numis raises target price from 383p to 420p, while keeping its hold recommendation.Sainsbury: Societe Generale cuts target price from 370p to 330p reiterating its hold recommendation.Shanks Group: Investec downgrades from buy to add with a target price of 120p.Sportech: Panmure Gordon ups target price from 153p to 184p maintaining a buy recommendation.Travis Perkins: UBS moves target price from 2090p to 2100p and keeps a buy recommendation.Vedanta Resources: Credit Suisse cuts target price from 1270p to 1150p, while staying with its outperform rating.YouGov: Numis ups target price from 109p to 142p maintaining a buy recommendation.Zambeef: Panmure Gordon places both its target price (prev.: 28p) and its sell recommendation under review.
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1 Apr 2015 07:59

ITE Group Says First Half In Line As Russia, Ukraine Drag Down Revenue

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1 Apr 2015 06:27

ITE Group warns on H1 revenue due to weak trading in Ukraine, Russia

April 1 (Reuters) - ITE Group Plc, a trade exhibition and conference organiser, said it expected its first-half revenue to be about 21 percent lower than a year earlier due to weaker trading conditions in Ukraine and Russia. The company, which has been hurt by tensions between Russia and Uk

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6 Mar 2015 14:33

ITE Group acquires portfolio of events in Africa

Exhibitions group ITE has acquired a major stake of a portfolio of events for £16m, funded by a placing of new shares. ITE now holds 50.1% of the portfolio, which includes the Africa Oil Week event, while GPP Energy Advisors holds the remaining stake. The group said put and call options were in pla

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6 Mar 2015 13:33

UPDATE 2-ITE Group dials in to Africa events market

* Deal to add 4 mln stg to 2016 pretax profit - CEO * Says ITE to look at small deals in Africa, India and China * Shares up 5.4 pct (Adds CEO comments, updates share movement) By Noor Zainab Hussain March 6 (Reuters) - Trade exhibition organiser ITE Group Plc bought a

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6 Mar 2015 07:52

ITE Group moves into Africa; buys stake in Africa Oil Week conference

March 6 (Reuters) - ITE Group Plc, a trade exhibition and conference organiser, said it had acquired a majority stake in a portfolio of events from GPP Energy Advisors Ltd for 16 million pounds ($24 million). The deal will be funded in part via an institutional placing to raise 12 million p

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ITE To Buy Stake In Events Portfolio, Part Funded By Share Placing (ALLISS)

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