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BUZZ-RPS: worst day in 2 yrs on weakness in energy consultancy unit

Thu, 30th Apr 2015 07:54

** Consultancy firm RPS down c.9 pct, on course forbiggest one-day drop in 2 yrs & at its lowest levels since earlyFeb

** "Slower than expected" start to yr at energy unit, itslargest division

** Says volatility in oil & gas sector has been a "majorissue" due to impact on clients' projects, addsnear-stabilisation in February was fragile

** Liberum cuts EPS by 7 pct & 4 pct respectively for 2015,2016 & TP to 300p vs 350p, but keeps 'buy' rating

** Panmure Gordon says risks to energy earnings not fullyreflected in consensus expectations, keeps 'sell' rating & 200pTP (rm://richa.naidu.thomsonreuters.com@reuters.net)

More News
24 Mar 2020 11:40

RPS Expects Covid-19 To Hurt Business, Cancels Final Dividend Payout

RPS Expects Covid-19 To Hurt Business, Cancels Final Dividend Payout

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24 Mar 2020 09:47

UK BROKER RATINGS SUMMARY: HSBC Upgrades Tesco And Sainsbury's

UK BROKER RATINGS SUMMARY: HSBC Upgrades Tesco And Sainsbury's

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2 Mar 2020 13:22

DIRECTOR DEALINGS SUMMARY: Restaurant Group Executive Team Buys Shares

DIRECTOR DEALINGS SUMMARY: Restaurant Group Executive Team Buys Shares

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28 Feb 2020 13:28

Friday broker round-up

(Sharecast News) - McColl's Retail Group: Liberum upgrades to buy with a target price of 45p.

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28 Feb 2020 09:44

UK BROKER RATINGS SUMMARY: Credit Suisse Starts Coverage Of UK Grocers

UK BROKER RATINGS SUMMARY: Credit Suisse Starts Coverage Of UK Grocers

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26 Feb 2020 12:48

Wednesday broker round-up

(Sharecast News) - Associated British Foods: Berenberg downgrades to hold with a target price of 2,700p.

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26 Feb 2020 09:35

UK BROKER RATINGS SUMMARY: Berenberg Cuts Morrisons, Raises Sainsbury

UK BROKER RATINGS SUMMARY: Berenberg Cuts Morrisons, Raises Sainsbury

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24 Feb 2020 16:37

Director dealings: RPS Group CEO ups stake

(Sharecast News) - RPS Group revealed on Monday that chief executive John Douglas had purchased 67,520 ordinary shares in the London-listed professional services firm.

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24 Feb 2020 14:45

DIRECTOR DEALINGS SUMMARY: Greencore CEO Sells GBP1.8 Million Worth

DIRECTOR DEALINGS SUMMARY: Greencore CEO Sells GBP1.8 Million Worth

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19 Feb 2020 13:17

Wednesday broker round-up

(Sharecast News) - Berkeley Group Holdings: HSBC upgrades to buy with a target price of 6,620p.

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19 Feb 2020 11:10

RPS shares slide on results, finance director resignation

(Sharecast News) - Professional services firm RPS reported a fall in revenue to ?612.6m in its final results on Wednesday, from ?637.4m.

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19 Feb 2020 10:32

UK WINNERS & LOSERS SUMMARY: Hochschild Glitters After Strong Results

UK WINNERS & LOSERS SUMMARY: Hochschild Glitters After Strong Results

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19 Feb 2020 08:39

LONDON MARKET OPEN: Stocks Bounce On China Stimulus Hope; IAG Rises

LONDON MARKET OPEN: Stocks Bounce On China Stimulus Hope; IAG Rises

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19 Feb 2020 08:32

RPS Group Reports Sharp Profit Fall In 2019; Finance Director Retires

RPS Group Reports Sharp Profit Fall In 2019; Finance Director Retires

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19 Feb 2020 07:42

LONDON MARKET PRE-OPEN: Qatar Airways Raises Stake In IAG To 25%

LONDON MARKET PRE-OPEN: Qatar Airways Raises Stake In IAG To 25%

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