UBM Share News (UBM)

London pre-open: Stocks expected to surge after gains on Wall Street

UK stocks were expected to rise strongly again on Friday after an impressive performance on Wall Street, with the Dow Jones index registering its biggest one-day gain in three years. City sources predict the FTSE 100 will open 70 points higher than Thursday's close of 6,466. The UK index has now ris

UBM seals £599m Advanstar deal

Marketing and communication group UBM has completed the acquisition of US-based VSS-AHC Consolidated Holdings for £599m. The group said that by purchasing the American firm, also known as Advanstar Communication, it has become the biggest event business in the US in terms of revenue. The US-based g

BUZZ-UBM Plc: Up on Citi target price change

** Citi raises target price of communications and events co UBM Plc and cuts its rating to "sell" from "neutral" for rival Informa Plc, sending stocks in opposite directions. ** UBM's shares up as much as 3.1 pct, Informa's stock falls 3 pct. ** Brokerage raises UBM target price to 55

Monday broker round-up

Ashtead Group: Berenberg raises target price from 1170p to 1345p and keeps its 'buy' recommendation. Aviva: Citi increases target price from 590p to 620p and maintains a 'buy' recommendation. Bellway: Deutsche Bank ups target price from 1760p to 1778p and reiterates its 'hold' recommendation. Berk

Friday broker round-up

Amino Technologies: N`+1 Singer ups target price from 107p to 141p and keeps a 'buy' recommendation. Barr (AG): Numis upgrades from 'hold' to 'add' with a target price of 659p. Jefferies reduces target price from 678p to 510p and downgrades to 'sell'. Betfair: JP Morgan increases target price from

BUZZ-Informa extends losses after placing

** Informa extends losses, down 1.4 pct after placing of up to 60 mln shares closed with 45 mln taken on Tuesday. ** Placing, to fund 237 mln pound acquisition of Henley Wood Exhibitions, raised 207 mln pounds, putting co's net debt to EBITDA ratio in the middle rather than lower end of its

UPDATE 1-Informa to buy US trade show operator Hanley Wood for 237 mln stg

* To buy U.S.-based Hanley Wood Exhibitions for 237 mln stg * To raise 275 mln stg in share placement * Shares fall as much as 7 pct (Adds analyst comment, share movement, details) Nov 18 (Reuters) - British business media group Informa Plc said on Tuesday it would buy U.S. t

Tuesday broker round-up UPDATE

AdEPT Telecom: WH Ireland moves target price from 170p to 185p, keeping its buy recommendation. Northland moves target price from 165p to 175p and maintains a buy recommendation. Betfair: JP Morgan raises target price from 1175p to 1350p and upgrades from neutral to overweight. BHP Billiton: JP Mor

Friday broker round-up UPDATE

AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra

UK BROKER RATINGS: Goldman Sachs Says Buy Royal Mail And Intertek

UK MIDDAY BRIEFING: Morrisons Statement Also Boosts Peers

TOP NEWS: UK Industrial Production Beats Expectations

UBM reveals details of £565m rights issue

Media group UBM has announced details of a planned rights issue to fund the near-$1bn purchase of events firm Advanstar Communications. UBM reached agreement on the terms of the $972 Advanstar takeover in early October, and said it planned to raise the bulk of the cash from a rights issue. The comp

UPDATE 1-UBM to raise $902 mln via rights issue to fund Advanstar deal

(Adds analyst quote, details, share movement) By Noor Zainab Hussain Nov 6 (Reuters) - Communications and events company UBM Plc said it intended to raise about 565 million pounds ($902 million) via a rights issue to fund its acquisition of trade show organiser Advanstar Communicatio

UK MORNING BRIEFING: Shares Lower Amid Flurry Of Corporate Reporting