Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Steve Clayton, HL Select Fund Manager “Investors will be hoping for an update on the group’s new business volumes at Phoenix Group’s full year results, and their progress on integrating the businesses acquired in recent years. Given market volatility, the group’s capital reserves will be closely examined. With no surprises expected, given the Group’s robust hedging strategies, there should be news of a higher dividend on the day.”
I thought so too but have now sold out on today’s rise.
Best of luck
https://www.google.co.uk/amp/s/uk.mobile.reuters.com/article/amp/idUKKBN23J1MZ
https://www.google.co.uk/amp/s/uk.mobile.reuters.com/article/amp/idUKKBN23J1A0
ESL, resumed trading yesterday
The deal left Dbay with a 49 per cent interest in the logistics company. In August, Eddie Stobart fired its chief executive and suspended its shares after it discovered an accounting error that would hit its profit by £2m. The shares were suspended at 71p, but plunged to just 6p today after trading resumed
KKR lines up bankers for $8bn Wella and GHD takeover bid
KKR is working with JPMorgan on an offer for Coty's professional beauty products division, Sky News understands.
https://news.sky.com/story/kkr-lines-up-bankers-for-8bn-wella-and-ghd-takeover-bid-11928515
Interesting article from 2018 on Freeh
https://washingtonmonthly.com/2018/09/17/the-shady-consultant-paying-guiliani-while-hes-white-house-counsel/
For anyone that’s interested
https://m.moodys.com/research/Moodys-affirms-NMC-Healths-ratings-changes-outlook-to-negative-from--PR_413873
Q Mr_Trad3r
Arabs have a very flexible attitude when it comes to time as anyone who has dealt with them will know.
They don’t keep to schedules.
You’d make business appointments for a time of day, rather than a specific hour, and learn not to be offended if they run late or even failed to turn up at all.
The Film A Hologram for the King with Tom Hanks is quite a good insight on how they have a totally different aspect on time.
Popes11 It would be a shame to lose yet another iconic brand. Let's hope they can turn things around. Laura Ashley goes after the millennial market by teaming up with trendy Urban Outfitters for a summer collaboration - and prices start from just £29 https://www.dailymail.co.uk/femail/article-6984793/Laura-Ashley-targets-millennial-market-teaming-Urban-Outfitters-summer-collection.html
NKOTB....in today so hope I’m a clever girl & not a silly billy! ??
Hope all is well with you & yours. ATVB
SFO’s failed Tesco case cost taxpayer over £6m Lawyers received £2.6 million. The Serious Fraud Office blew £6.2 million of taxpayer money as part of its failed attempt to prosecute three former Tesco directors over the supermarket’s accounting scandal. Figures out on Friday show that the total bill for the investigation of Tesco and the subsequent court cases of Chris Bush, John Scouler and Carl Rogberg, the retailer’s ex-managing director, UK food commercial director and finance chief, came in at £6.2 million. Of this amount, £2.6 million went to lawyers. https://www.google.co.uk/amp/s/uk.news.yahoo.com/amphtml/sfo-failed-tesco-case-cost-132956870.html
Similar to the article 2227 posted on Friday. Guess we will be revealed on Tuesday! BP is poised to unveil a surge in annual profits this week on the back of stronger oil prices, but charges over the fatal Deepwater Horizon incident and US tax changes are set to dent the results. Brent crude oil prices rose steadily over the second half of 2017 from a low of $46 a barrel in June. At the start of 2018, Brent hit more than $70 a barrel for the first time in about three years. Michael Hewson, chief market analyst at CMC Markets UK, noted that BP's break-even price was $49 a barrel at its last trading update, and last quarter oil prices averaged $58 a barrel, allowing profits and revenues to show a "significant increase". http://www.cityam.com/280026/bp-set-show-huge-rise-profits-but-deepwater-horizon-and-tax
of all the brokers mentioned....let's see who gets its right or comes the closest!
Domino's Pizza Group PLC. (LON:DOM)‘s stock had its “buy” rating restated by equities researchers at Numis Securities Ltd in a report issued on Friday, June 9th. They currently have a GBX 510 ($6.50) price objective on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 72.88% from the company’s current price. A number of other brokerages also recently issued reports on DOM. Peel Hunt downgraded Domino's Pizza Group PLC. to a “hold” rating and decreased their price target for the company from GBX 430 ($5.48) to GBX 400 ($5.10) in a report on Thursday, March 9th. N+1 Singer reissued a “hold” rating and issued a GBX 390 ($4.97) price target on shares of Domino's Pizza Group PLC. in a report on Thursday, March 9th. Canaccord Genuity boosted their price target on Domino's Pizza Group PLC. from GBX 400 ($5.10) to GBX 440 ($5.61) and gave the company a “buy” rating in a report on Tuesday, February 14th. Berenberg Bank reissued a “buy” rating and issued a GBX 425 ($5.41) price target on shares of Domino's Pizza Group PLC. in a report on Thursday, February 9th. Finally, Citigroup Inc. cut Domino's Pizza Group PLC. to a “neutral” rating in a research report on Monday, March 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 400.60 ($5.10).
t was a domino effect that no company, or its investors, ever likes to see. First came the analysts’ note, then a rush for the exit and a consequent slide in the share price. And all this for a presumably unimpressed Domino’s Pizza Group, confronted with talk of a possible waning in appetite for its wares. Investec started the chain reaction with a “sell” rating on the FTSE 250 company, citing rising competition and discounting in the takeaway market. Down went the shares, closing 20½p off at 295p. The chain’s main customer base of 18 to 34-year-olds was “becoming increasingly value-driven, which could limit any future upside to gross margins”, the analysts said, adding that “increasing health consciousness could put further pressure on volumes”. They noted that the most popular pizza on Domino’s menus was the pepperoni passion, which — with 1,813 calories — covered 91 per cent of the female daily recommended intake and 73 per cent of that for men. Initiating coverage with a target price of 271p, Investec predicted that the rise of digital competitors such as Just Eat and Deliveroo would put pressure on Domino’s like-for-like volumes. It also told clients that, while “aggressive discounting” by Pizza Hut had forced the company also to cut prices, Pizza Hut’s offering remained “significantly cheaper”. https://www.thetimes.co.uk/article/pizza-calorie-count-weighs-heavily-on-dominos-fpjgspd7d
at these analysts....all part of the games they play The Times A clean break with past ratings helps Berendsen Berendsen clambered back from its lowest point in almost four years as analysts questioned whether the City had been too hard on the mid-cap laundry business. A profit warning last autumn sent shares in the company spinning from £12.31 to a low of 774½p in December. They have fallen still further since then, stumbling to 733p last week. Kicking off its coverage with an “outperform” rating, Exane BNP Paribas suggested that the company could be a strong investment opportunity for those patient enough to wait for executives to turn it around. Berendsen is trading with a 30 per cent discount to its peers in the support services sector, analysts noted. Its shares promptly climbed 28½p to 769½p last night.
had this in the past also....always liked the company. If I'd caught the drop at 106ish today, I would have bought a few. Definitely back on the buy radar for me but only watching for now.
Another broker downgrade! Credit Suisse has joined the list of City firms that has fallen out of love with Berendsen PLC (LON:BRSN), the laundry and workwear outfit. The Swiss bank has downgraded the stock to ‘underperform’ from ‘outperform’ and has slashed the target price to 700p from 1,200p, finally catching up with the battering the stock has taken since the profit warning of late October.A lack of investment into the business over a number of years means that the business now requires a meaningful injection of capital over the next few years alongside a re-vamping of operational and information technology processes, Credit Suisse reckons. The management team is on the case, but the Swiss finance house calculates that the cost of the investment needed to right the ship will lead to negative free cash flow for the next three years. “Higher depreciation and interest charges, resulting from the additional investment, combined with on-going wage inflation will, we think, more than offset the benefits from the productivity benefits of additional investment,” Credit Suisse said. In short, Credit Suisse thinks the textile services group faces a period of rising leverage, lack of cash generation and sluggish operational performance. The shares do offer a 3.8% dividend yield, which Credit Suisse expects the company to fund from its balance sheet until 2021, when the company should start generating positive cash flow again. Shares in Berendsen fell 3.6% this morning to 783.5p