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London pre-open: Stocks seen higher on upbeat US cues

Tue, 03rd May 2016 07:28

(ShareCast News) - London stocks were expected to open in the black on Tuesday, taking their cue from a positive session in the US as traders return to their desks following the long bank holiday weekend.The FTSE 100 was seen opening 28 points higher than Friday's close at 6,270.On the data front, UK manufacturing PMI for April is at 0930 BST.HSBC's first-quarter profits fell 14% compared to last year but were better than was expected by analysts, with chief executive Stuart Gulliver expressing confidence that cost-reduction plans now under way will hit their target by the end of next year.Amid a tough few months for the industry, the banking giant saw its profits before tax dwindle 14% to $6.12bn at the reported level, or 18% to $5.43bn on an adjusted basis. The consensus forecast was for a PBT of $4.2bn.AstraZeneca said it has completed the divestment of the global rights to angina treatment Imdur, outside the US, to China Medical System Holdings Ltd and its associated company,Tibet Rhodiola Pharmaceutical Holding Co.Under the agreement, AstraZeneca will receive $190 m for the rights to Imdur.Imdur is a mature medicine for the prevention of angina in patients with heart disease and achieved global sales outside the US of $57m in 2015. Income from the agreement will be reported as Core Other Operating Income.In a separate announcement, AstraZeneca said it has completed the acquisition of the core respiratory business of Takeda Pharmaceutical Company Limited.The agreement, announced in December 2015, includes the expansion of rights to roflumilast (marketed asDaliresp in the US and Daxas in other countries), the only approved oral PDE4 inhibitor for the treatment of chronic obstructive pulmonary disease.Regus, a provider of flexible workspace solutions, said it expects to deliver full-year results in line with management's views as it reported "good trading" in the three months to the end of March.The FTSE 250 company said group revenue rose to £532.5m from £452.3m in the first quarter of last year, a 14.5% increase at constant currency, thanks to the development of 554 locations added during 2015.Aviva said it has completed the acquisition of an additional 23% share in Aviva India from its joint venture partner Dabur Invest Corp.The acquisition follows recent regulatory changes which allowed Aviva to increase its shareholding to 49%, the maximum allowed under India's foreign direct investment limits (FDI). The transaction is expected to have a neutral impact on Aviva's IFRS net assets. In 2015, Aviva India contributed £36m to Aviva's IFRS net assets and £4m to Aviva's pre-tax profits.

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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

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

12 Oct 2016 06:33

Bodycote Appoints Ex-Regus CFO Dominique Yates As Finance Director

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

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

10 Aug 2016 15:59

LONDON MARKET CLOSE: Stocks Extend Rally Despite Brent Nearing USD44

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,

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

10 Aug 2016 11:05

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

10 Aug 2016 08:35

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

9 Aug 2016 09:43

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

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

7 Jun 2016 15:07

DIRECTOR DEALINGS: Regus Non-Executive Director Buys Shares

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

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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