Best of the Brokers for 28 March 2014 March 28, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com DOMINO’S PIZZA Numis is upbeat about the food chain ahead of an interim management statement for the first quarter due on Wednesday next week. “We expect it to be strong,” Numis says, keeping its “buy” rating and 710p target price, and adding that [...]
Domino’s Pizza falls after £30m shares sell-off August 5, 2013 SHARES in Domino’s Pizza tumbled 7.5 per cent yesterday afternoon as investors reacted to news that two prominent non-executive directors sold more than £30m in shares after markets closed on Friday. Property entrepreneur Nigel Wray, an early investor in the pizza-maker who once held nearly 30 per cent of the firm, has pocketed £28m after [...]
Domino’s Pizza sales jump after Britons ordered in for royal birth July 30, 2013 DOMINO’S Pizza said it enjoyed a leap in sales on the day of the royal birth, as Britons stayed glued to their television sets to get their first glimpse of baby Cambridge. “Prince George drove sales up 20 per cent on the previous Monday – it had greater impact on our sales than any weather [...]
What you need to know before the open April 30, 2014 A slightly lower open is expected in Europe this morning, as earnings results continue to come in and investors look to economic data from both sides of the Atlantic. Growth data from the US could well show a weaker number after the freezing winter, and after that we’ve for the Federal Reserve’s rate decision. A [...]
Inside Track: City’s tech industry hopes are wrapped up in Just Eat April 3, 2014 JUST Eat shares got off to a very decent start in unconditional trading yesterday in a deal that has demolished some people’s reservations about the London new issues market for technology stocks. Contrary to what a number of experts said at City A.M.’s roundtable on the new issues market last June, London does seem prepared [...]
Best of the Brokers for 28 January 2014 January 27, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com SMITH & NEPHEW UBS has upgraded the medical technology group from “neutral” to “buy” with a target price raised from 780p to 1,000p. The broker is impressed by the popularity of S&N’s new knee replacement, and thinks the firm’s wound care product Santyl can [...]
Best of the Brokers for 10 December 2013 December 9, 2013 SUPERGROUP Numis retains its hold rating for Supergroup, with a target price of 1,100p, ahead of the firm’s half-year results on Thursday. Analysts said they continue to have concerns over the longevity of the brand in the UK, but it is hard to argue with the consistent like-for-like sales delivery. DOMINO’S PIZZA Panmure Gordon has [...]
London Report: Insurance firms start a deluge of UK earnings February 23, 2014 A BUMPER week for UK earnings kicks off today with results from Hiscox, one of the big home insurers reporting full-year figures. Figures from Hiscox, RSA and Direct Line could give more detailed estimates of losses for UK industry and themselves after recent flooding and storms. Aviva and L&G are also set to give end [...]
Trinity Mirror appoints two new board members starting in 2014 December 19, 2013 TRINITY Mirror, publisher of the Daily Mirror and more than 100 regional titles, yesterday appointed two new non-executive directors to its board. Helen Stevenson and Lee Ginsberg will join the Trinity Mirror’s board from 1 January 2014. Stevenson was previously marketing chief at Yell and Lloyds TSB, and currently serves as a non-executive director at [...]
Saga puts retail investor at heart of London float April 30, 2014 SAGA, the over-50s holidays-to-insurance provider, yesterday unveiled plans for the biggest flotation in London this year, as a stampede of silver haired savers registered to snap up shares in the listing. The business, which was founded by east end hotelier Sidney De Haan in 1950, said it would raise £550m in an initial public offering [...]