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Tuesday newspaper round-up: Tax credits, Equiniti, Equity release

Tue, 27th Oct 2015 07:01

(ShareCast News) - George Osborne vowed last night to rein in the power of the Lords after he suffered a humiliating defeat over his plan to cut tax credits by £4bn. The chancellor said that the unprecedented vote, which left his budget policy in limbo, raised constitutional issues about unelected peers that would be "dealt with" by himself and the prime minister. - The TimesEquiniti, the share registrar company that handles dividend payments for most FTSE 100 companies, has attracted enough interest to support its imminent £500m-£600m flotation, despite growing investor indifference to all but the larger share issues. The company's advisers will price the new shares on Tuesday. Bankers expect thiem to be at the lower end of the 165p-200p price range. - The GuardianOlder homeowners withdrew a record total of £5m from their properties each day as an increasing number of retired people used their main asset as a source of income at a time of dismal savings rates. Equity release lending to homeowners over the age of 55, which allows people to use money drawn on their property without having to make monthly repayments or downsize, jumped by £68.3m to £452.6m in the three months between June and September, compared with the previous quarter. - The TimesBritish households are using higher wages to pay off their credit card debts, rather than relying on the plastic for their shopping, in the latest sign that the economy is performing well. At the same time businesses are reducing their reliance on the banks by borrowing directly from investors such as pension funds and insurance companies through the capital markets. - The Daily TelegraphThe US Navy early on Tuesday conducted freedom of navigation operations in the South China Sea, in a high-stakes effort to push back against Chinese territorial claims in the disputed resource-rich waters. The USS Lassen, a destroyer, sailed through the 12-nautical-mile zones of two artificial islands - Subi and Mischief reefs - that China has constructed in the Spratly chain. The warship began its mission at roughly 6.40am local time in the South China Sea, according to a senior US defence official. - Financial TimesAlmost two years after Gala Coral Group first explored a sale of its bingo business, it has agreed terms on a £241m deal with the investment firm backed by the Cayzer family. The sale to Caledonia Investments, an investment trust acquired by the Cayzers in 1951 as a holding company for their shipping interests, clears the decks at the bookmaker before its proposed merger with Ladbrokes. - The Times

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13 Oct 2015 16:41

Broker tips: Jupiter Fund Management, Ladbrokes, GSK

(ShareCast News) - RBC Capital Markets has upgraded Jupiter Fund Management as it believes current forecasts underestimate the group's inflows and capital returns. After Monday's trading update, RBC's new 'outperform' rating, up from the previous 'sector perform', is accompanied by a 3% increase in

13 Oct 2015 14:01

Citigroup upgrades Ladbrokes, says shares have fallen far enough

(ShareCast News) - Citigroup upgraded Ladbrokes to 'neutral' from 'sell' and raised its price target to 110p from 100p, saying the shares have now fallen far enough. It said the new target price represents the mid-point between the upside potential it sees under a deal scenario and the downside risk

13 Oct 2015 09:49

Tuesday broker round-up

(ShareCast News) - Ladbrokes: Citigroup upgrades to neutral, raises target price to 110.00p. Jupiter Fund Management: RBC Capital Markets upgrades to outperform, bumps up target price to 475.00p. Jefferies reiterates to buy, lifts target price to 493.00p. Glaxosmithkline: JP Morgan Cazenove upgrade

13 Oct 2015 08:43

BROKER RATINGS SUMMARY: Citi Cuts AB Foods As UBS Raises Smiths Group

13 Oct 2015 07:17

LONDON BRIEFING: SABMiller Succumbs To AB InBev To Create Beer Giant

9 Oct 2015 07:21

Ladbrokes completes Coral merger financing

(ShareCast News) - Ladbrokes has signed a £1.35bn facility to provide financing for its proposed merger with Coral. The new facility for the FTSE 250 company is with a syndicate of relationship banks and has three tranches available for drawing once the merger is completed. The three tranches inclu

9 Oct 2015 06:36

Ladbrokes Signs GBP1.35 Billion Facility To Finance Gala Coral Merger

8 Oct 2015 16:22

London close: Stocks rise after BoE and ECB meeting minutes

(ShareCast News) - UK stocks gained after the Bank of England decided to keep interest rates unchanged and the European Central Bank suggested it might consider further stimulus. The BoE's Monetary Policy Committee voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn, as e

8 Oct 2015 11:07

London midday: Stocks rise as BoE votes to keep interest rates unchanged

(ShareCast News) - London stocks recovered slightly from losses earlier on Thursday as the Bank of England decided to keep interest rates unchanged. The BoE's Monetary Policy Committee voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn, as expected by analysts. Ian McCaf

8 Oct 2015 08:31

London open: Stocks fall ahead of BoE, ECB and Federal Reserve meeting minutes

(ShareCast News) - The FTSE fell on Thursday morning on uncertainty ahead of policy details from the central banks of the UK, US and Europe. The Bank of England will at 1200 BST release its latest policy decision with analysts expecting no change to interest rates or the asset purchase programme. An

8 Oct 2015 07:59

Ladbrokes names Kristof Fahy new chief marketing officer

(ShareCast News) - Ladbrokes has appointed Kristof Fahy as chief marketing officer to lead all brand and marketing activity across digital and retail. Fahy will join the company from Telegraph Media, where he is chief marketing officer responsible for marketing and digital acquisition. Prior to that

8 Oct 2015 06:36

Ladbrokes Appoints Former William Hill Marketing Chief To Same Role

17 Sep 2015 15:09

Dividends Calendar - Week Ahead

16 Sep 2015 07:36

Ladbrokes CFO Ian Bull to step down in February 2016

(ShareCast News) - Ladbrokes' chief financial officer, Ian Bull, is leaving the company ahead of its merger with Gala Coral. Ladbrokes said Bull, who joined the business as CFO in July 2011, has agreed to stay on until the announcement of the 2015 full-year results scheduled for the end of February.

16 Sep 2015 06:27

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LAD.L Share News (LAD)

Tuesday newspaper round-up: Tax credits, Equiniti, Equity release

Broker tips: Jupiter Fund Management, Ladbrokes, GSK

Citigroup upgrades Ladbrokes, says shares have fallen far enough

Tuesday broker round-up

BROKER RATINGS SUMMARY: Citi Cuts AB Foods As UBS Raises Smiths Group

LONDON BRIEFING: SABMiller Succumbs To AB InBev To Create Beer Giant

Ladbrokes completes Coral merger financing

Ladbrokes Signs GBP1.35 Billion Facility To Finance Gala Coral Merger

London close: Stocks rise after BoE and ECB meeting minutes

London midday: Stocks rise as BoE votes to keep interest rates unchanged

London open: Stocks fall ahead of BoE, ECB and Federal Reserve meeting minutes

Ladbrokes names Kristof Fahy new chief marketing officer

Ladbrokes Appoints Former William Hill Marketing Chief To Same Role

Dividends Calendar - Week Ahead

Ladbrokes CFO Ian Bull to step down in February 2016

Ladbrokes CFO Ian Bull To Step Down Following Merger With Gala Coral

Latest Share Chat

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