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Tuesday broker round-up

Tue, 08th Mar 2016 14:42

(ShareCast News) - South32: HBSC upgrades to buy with a target price of 85p.Capital & Counties Properties: Exane BNP Paribas downgrades to underperform. 348P target.Admiral Group: Nomura upgrades to buy with a target price of 2325p.Millennium & Copthorne Hotels: Berenberg downgrades to sell with a target price of 340p.Poundland: JP Morgan reiterates overweight with a target of 300p.Close Brothers Group: Panmure Gordon keeps at hold with a target price of 1500pand Shore Capital reiterates hold.Meggitt: Investec stays at add, 440p target and Citigroup keeps at neutral.Synthomer: HSBC reiterates buy with a target price of 345p.Melrose Industries: Exane BNP Paribas maintains neutral with a 335p target.Foxtons: Canaccord keeps at buy and with a target of 220p.Playtech: UBS reiterates buy, 960p target.
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Despite posting some slightly disappointing first-quarter results, datacentres group Telecity was leading the risers on the FTSE 250 after receiving a takeover offer from Equinix at 1,145p per share in cash and equity. This bid, at a 27% premium to the closing price on Wednesday, values Telecity at

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7 May 2015 09:36

Millenium & Copthorne profits suffer from New York labour negotiations

First-quarter profits slipped 5% at hotels group Millenium & Copthorne, which argued trading was in line with historically slower trading patterns. Revenues rose 8% to £189m in the three months to 31 March, with revenue per available room up 5.8% to £61.60 on the same period last year. Chairman Kwe

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7 May 2015 07:53

BUZZ-M&C Hotels: Falls as Q1 disappoints

** Millennium & Copthorne Hotels falls as much as 4 pct, one of the top percentage losers on the FTSE 250 ** Q1 pretax profit down 5 pct, hurt by labour cost pressures in New York and labour shortages in Singapore ** RevPAR growth of 2.6 pct on a constant currency basis which is slowe

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7 May 2015 07:26

REPEAT: LONDON MORNING BRIEFING: TeleCity Jumps 20% On Takeover Offer

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LONDON MORNING BRIEFING: TeleCity Shares Jump 20% On Takeover Offer

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