Ben Hardy on EastEnders and his new LGBTQ film Unicorns: We’re all multi-faceted. Why stick to one label?
Travis profit lift fuelled by DIY recovery February 23, 2011 BUILDERS’ merchant and do-it-yourself retailer Travis Perkins said yesterday it was currently trading well because essential repair and maintenance work suspended in the recession was now being done. The firm posted a better than expected 20.4 per cent rise in 2010 underlying profit to £216.7m. It said it had gained market share from rivals and [...]
BEST OF THE BROKERS February 24, 2011 HENDERSON Morgan Stanley rates the asset manager “overweight” with a target price of 200p. The broker believes that the market has underestimated the cost synergies of the firm’s tie-up with Gartmore, and believes Henderson can retain around 85 per cent of assets once the deal is complete. It adds that Henderson’s full-year results were inline [...]
BEST OF THE BROKERS February 3, 2011 IG GROUP Investec rates the trading and betting firm “buy” with a target price of 625p. The broker believes that a return to volatility and continued growth in the UK and abroad could lead to material upgrades to its forecasts, despite a small downgrade due to a drop in Japanese business. Investec predicts revenues of [...]
BEST OF THE BROKERS February 3, 2011 IG GROUP Investec rates the trading and betting firm “buy” with a target price of 625p. The broker believes that a return to volatility and continued growth in the UK and abroad could lead to material upgrades to its forecasts, despite a small downgrade due to a drop in Japanese business. Investec predicts revenues of [...]
Travis Perkins to buy BSS July 5, 2010 Travis Perkins is to acquire BSS Group for £557.6m, making it the country’s biggest plumbing and heating chain. The offer – made up of cash and shares –?values each BSS share at 435.8 pence, a 4.7 per cent premium on Friday’s closing price of 416.2p. Travis Perkins charman Robert Walker said: “Our respective businesses are [...]
Travis Perkins restores dividends July 2, 2010 BUILDERS’ merchant Travis Perkins has said it will restore dividends after better-than-expected first half results. The company, which also sells DIY products, said revenue for the six months to 30 June increased 4.7 per cent with sales at stores open over a year up 3.4 per cent. It said: “In May, we reported a strong [...]
Travis Perkins buys BSS for £558m July 5, 2010 BUILDERS merchant Travis Perkins has agreed to buy BSS Group for £557.6m ($845m) to expand its heating and plumbing trade and retail distribution business. Robert Walker, chairman of Travis Perkins said: “We believe that there is a strong strategic rationale for the acquisition of BSS which will create the leading plumbing and heating trade and [...]
BEST OF THE BROKERS January 6, 2011 TRAVIS PERKINS RBS rates the building materials firm “buy” with a raised target price of £12.95. The broker sees the firm’s purchase of BSS Group last month as an attractive earnings driver over the next two years until the underlying market recovery takes over in 2013. It adds that the acquisition gives the company significant [...]
BEST OF THE BROKERS January 10, 2011 TRAVIS PERKINS Numis raised the builder’s merchant to “add” from “buy” yesterday at a target price of 1,250p, expecting its acquisition of BSS to enhance its earnings per share by more than 13 per cent. The broker believes the combined group now looks cheap and supported by an improving industry backdrop, should continue to outperform. [...]
BEST OF THE BROKERS January 10, 2011 TRAVIS PERKINS Numis raised the builder’s merchant to “add” from “buy” yesterday at a target price of 1,250p, expecting its acquisition of BSS to enhance its earnings per share by more than 13 per cent. The broker believes the combined group now looks cheap and supported by an improving industry backdrop, should continue to outperform. [...]