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London pre-open: CEBR pushes back forecast for first rate rise

Mon, 28th Sep 2015 07:21

(ShareCast News) - Equities were expected to start the week slightly lower, weighed down by the mixed close to US trading on Friday, ahead of speeches from several Fed speakers and the latest US non-farm payrolls reports looming large on the horizon.The Footsie was seen starting the day about 26 points lower from Friday's close of 6,109.01.As of 07:06 the Shanghai Stock Exchange's Composite Index was falling 0.46% to reach 3,078.08 points.Three Fed speakers were scheduled to take to the podium today, including the president of the Federal Reserve bank of New York (13:30 BST), the president of the Chicago Fed (at 18:30) and San Francisco Fed chief John Williams at 22:00 BST.A speech from Fed chair Janet Yellen on 24 September was seen by many market observers as "clearing the air" of doubts regarding the staying power of the US recovery. Nonetheless, remarks from US rate-setters were still likely to be scrutinised by traders."Concerns do remain though, not least with respect to the Chinese economy and the continued weakness seen there, along with the slide in the oil price which is starting to clobber the US manufacturing sector. With Fed officials seemingly intent on raising rates this year come what may, there is a fear that the Fed might be on the cusp of making a big mistake," said Michael Hewson, Chief Market Analyst at CMC Markets.The Centre for Economics and Business Research pushed back its forecast for the first increase in Bank Rate to May or August of 2016 on the back of signs of slowing in the world economy, especially China.Over the weekend, pro-Independence parties in the Spanish autonomous region of Catalonia won a majority of seats in the regional parliament, but failed to to obtain an absolute majority of the ballots cast.The latest YouGov poll undertaken for The Times showed that 40% of Britons now back an exit from the European Union, versus the 38% who would rather stay in. As recently as June 2015 the "yes" camp had enjoyed a ten-point lead which appeared to have crumbled under the weight of the recent migrant crisis.Also on the political front, on Monday Labour's shadow chancellor, John McDonnell, was expected to lay out his blueprint for higher taxes on the rich and corporations as an alternate route for reigning in the public deficit.Liberty Global and Vodafone call off talksVodafone announced on Monday that it is no longer in discussions with Liberty Global regarding a possible exchange of selected assets between the two companies. Vodafone had confirmed on 5 June that it was in the early stages of discussions with Liberty. Liberty, which is owned by cable network Virgin Media and controlled by US billionaire John Malone, had been in talks with Vodafone for several months about the possible combination of their mobile and cable network in European markets, in order to better compete with rivals.Regus has announced Dominik de Daniel will take over from Dominique Yates as chief financial officer. The FTSE 250 listed company announced Monday de Daniel will also take up the new role of chief operating officer as well as director of the company. De Daniel previously has been the CFO of Adecco Group for nine years where he also successfully led their fast-growing Global Solutions division.Pennant International's wholly-owned subsidiary, Pennant Training Systems, has been awarded a contract worth in excess of £7m by an unnamed global aerospace and defence contractor which is a new customer for Pennant. AIM-listed Pennant, which supplies integrated logistic support solutions, products and services, said the contract is for the development of computer-based training and electro-mechanical maintenance trainers.
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4 Nov 2016 16:42

Directors dealings: Regus finance chief picks up shares despite poor technical backdrop

(ShareCast News) - Regus's finance chief, Dominik de Daniel, picked up a large batch of stock despite the shares' daunting technical aspect. Dominik bought 173,000 shares on 4 November at an individual price of 239.7p for a total amount of £414,684.60, Regus said in a statement. The provider

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3 Nov 2016 07:52

Regus to set up Swiss holding company outside EU

(ShareCast News) - Workplace provider Regus is to set up a new holding company outside the EU in Switzerland called International Working Group as part of its plan to provide work solutions across multiple brands. The new holding company will be incorporated in Jersey but have its headquarters in Sw

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12 Oct 2016 06:33

Bodycote Appoints Ex-Regus CFO Dominique Yates As Finance Director

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20 Sep 2016 09:01

Regus CEO places 37m shares

(ShareCast News) - Mark Dixon, the founder and chief executive officer of flexible workspace provider Regus is selling 37m shares, equivalent to a 4% stake in the company, in an accelerated bookbuild. The shares are being placed at 275p each, with JPMorgan Cazenove acting as sole bookrunner. The pla

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15 Aug 2016 10:50

Canaccord Genuity cuts Regus target price on uncertainty in UK

(ShareCast News) - Analysts at Canaccord Genuity cut their target price on Regus's shares to reflect part of the risk arising from their worst case scenario for the UK market. The flexible workspace provider's business model was highly sensitive to the macroeconomic health of its markets, analysts M

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10 Aug 2016 15:59

LONDON MARKET CLOSE: Stocks Extend Rally Despite Brent Nearing USD44

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10 Aug 2016 12:41

Wednesday newspaper share tips: Regus, Standard Life

(ShareCast News) - Regus appears to be on to something with its flexible business model and markets have caught on, the Financial Times´s Lex column said. Its stock was trading near its 2016 high on a price-to-earnings multiple of close to 25. The real estate firm not only owns its properties,

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10 Aug 2016 11:44

Numis downgrades Regus, says shares 'up with events'

(ShareCast News) - Regus slumped on Wednesday, suffering a second day of losses as Numis downgraded its stance on the stock to 'hold' from 'buy' following the company's first-half results, saying the shares are up with events. The FTSE 250 workspace provider said on Tuesday that first-half profit ro

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10 Aug 2016 11:05

LONDON MARKET MIDDAY: Stocks Consolidate Gains After Four-Day Rally

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10 Aug 2016 08:35

BROKER RATINGS SUMMARY: Panmure Raises RSA Insurance To Buy From Hold

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9 Aug 2016 09:43

WINNERS & LOSERS SUMMARY: Worldpay Bid Up After Strong First Half

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12 Jul 2016 02:39

WeWork CEO sees $1 billion revenue run-rate in 2017

ASPEN, Colo., July 11 (Reuters) - The chief executive of WeWork said on Monday that the co-working office space provider would hit a revenue run-rate of $1 billion next year. WeWork, one of the biggest 'unicorns' - startups worth more than $1 billion - recently raised more than $400 million

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7 Jun 2016 15:07

DIRECTOR DEALINGS: Regus Non-Executive Director Buys Shares

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25 May 2016 12:04

RBC upgrades Regus after underperformance

(ShareCast News) - Flexible workspace solutions provider Regus got a boost on Wednesday as RBC Capital Markets upped the stock to 'outperform' from 'sector perform' and lifted the price target to 400p from 300p. The Canadian bank said the stock's recent underperformance was a good buying opportunity

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25 May 2016 08:11

BUZZ-Regus: RBC upgrades after sell-off

** Office space supplier Regus +3.9%, among top FTSE 250 gainers in decent volume ** RBC Capital Markets - rated at 5 stars for recommendation accuracy on Regus, per StarMine - upgrades stock to "outperform" v "sector perform" ** Cites co's unrivaled market position, significant expan

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