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Monday broker round-up UPDATE

Mon, 04th Aug 2014 10:10

Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation.Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation.BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Santo ups target price from 455p to 480p and reiterates a buy recommendation.Devro: N+1 Singer ups target price from 211p to 257p keeping a hold recommendation.Direct Line Group: Canaccord Genuity ups target price from 275p to 305p and keeps a buy recommendation. Credit Suisse increases target price from 277p to 305p and leaves its neutral rating unaltered.Elementis: Jefferies lowers target price from 314p to 300p keeping its buy recommendation.European Islamic Investment Bank: Westhouse Securities places both its target price (prev.: 350p) and its buy recommendation under review.e2v technologies: Investec moves target price from 215p to 225p keeping a buy recommendation.Fidessa: Numis upgrades from add to buy with a target price of 2720p.First Quantum Minerals: Numis raises target price from 1300p to 1500p, while downgrading from add to hold.Genel Energy: UBS cuts target price from 1120p to 1100p and downgrades from buy to neutral.Glencore Xstrata: Bank of America downgrades to underperform with a target price if 320p.Hiscox: Berenberg reduces target price from 706p to 683p, while leaving its hold recommendation unchanged.JKX Oil & Gas: Oriel lowers target price from 110p to 100p keeping a buy recommendation.Jupiter Fund Management: Berenberg reduces target price from 430p to 390p and retains a hold recommendation.Kazakhmys: Canaccord Genuity ups target price from 265p to 295p, but still recommends selling.Man Group: Citi shifts target price from 111p to 112p and maintains a neutral rating. Canaccord Genuity places its target price under review, while leaving its buy recommendation unchanged. Numis shifts target price from 74p to 75p and keeps a sell recommendation.New World Resources: Citi upgrades from sell to neutral, while placing its target price under review.PZ Cussons: Numis ups target price from 352p to 386p retaining a hold recommendation.Renew Holdings: WH Ireland ups target price from 335p to 360p and maintains a buy recommendation. Numis upgrades from add to buy with a target price of 280p.River & Mercantile: Numis initiates with a target price of 235p and an add rating.Royal Dutch Shell: Credit Suisse raises target price from 2600p to 2700p and stays with its outperform rating.Senior: Investec places both its target price (prev.: 290p) and its add rating under review.Spectris: N+1 Singer reduces target price from 2300p to 2050p and maintains a hold recommendation.Smith & Nephew: Credit Suisse raises target price from 890p to 945p and keeps a neutral rating.TSB Banking Group: UBS initiates with a target price of 330p and a buy recommendation.UBM: Nomura cuts target price from 720p to 670p reiterating a neutral rating. Berenberg reduces target price from 720p to 670p staying with its hold recommendation.Vesuvius: Morgan Stanley shifts target price from 420p to 426p maintaining an underweight rating.Zoopla Property Group: Canaccord Genuity initiates with a target price of 271p and a hold recommendation.
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20 Jun 2023 17:10

IN BRIEF: AssetCo says CEO to leave after "extremely demanding" period

AssetCo PLC - London-based asset management fund - Says Chief Executive Officer Campbell Fleming has decided to step down for personal reasons, effective June 30. Campbell oversaw AssetCo's formation, as well as multiple acquisitions. AssetCo will not replace Campbell directly; instead, Executive Chair Martin Gilbert and Chief Financial & Operating Officer Gary Marshall will assume its overall strategic direction and day-to-day operations, respectively. Alex Hoctor-Duncan, CEO of AssetCo's principal operating company and 2022 acquisition River & Mercantile Group PLC, also will continue taking on additional responsibilities.

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15 Jun 2022 11:21

AssetCo swings to half-year loss; in "sound shape" as R&M deal closes

(Alliance News) - AssetCo PLC on Wednesday said it swung to a half-year loss in a busy period for the firm as it bought River & Mercantile Group PLC.

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14 Jun 2022 20:27

IN BRIEF: River & Mercantile shares suspended as takeover complete

River & Mercantile Group PLC - London-based advisory and asset management company - Shares suspended from trading on Tuesday at request of company with takeover by AssetCo PLC complete. Shares to be cancelled from trading on London Main Market on Wednesday.

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25 May 2022 22:02

TRADING UPDATES: Tekcapital fundraise; Kromek wins US government order

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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19 May 2022 18:06

IN BRIEF: AssetCo's takeover of River & Mercantile gains FCA approval

River & Mercantile Group PLC - London-based advisory and asset management company - Receives change in control approval from the UK Financial Conduct Authority for takeover by AssetCo PLC.

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19 May 2022 16:51

LONDON MARKET CLOSE: Dour day in Europe as New York struggles again

(Alliance News) - European equities slumped on Thursday, after deep sell-offs in New York on Wednesday as retailers across the Atlantic faced heavy selling pressure following a series of warnings on costs, margins and profits.

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19 May 2022 10:54

SMALL-CAP WINNERS & LOSERS: R&M-AssetCo deal gets FCA green light

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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8 Apr 2022 21:08

DIRECTOR DEALINGS: Taseko Mines director buys shares worth USD293,000

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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25 Mar 2022 16:51

UK shareholder meetings calendar - next 7 days

Monday 28 March 
Congyar Investment Co PLCGM re share premium account cancellation
Go-Ahead Group PLCGM re accounts, remuneration, auditor
Jupiter Emerging & Frontier Income Trust PLCAGM
Tuesday 29 March 
Impax Asset Management Group PLCAGM
Tekmar Group PLCAGM
Wednesday 30 March 
Brunner Investment Trust PLCAGM
Mediazest PLCAGM
Micro Focus International PLCAGM
Parsley Box Group PLCGM re equity raise
Thursday 31 March 
Pressure Technologies PLCAGM
Red Rock Resources PLCAGM
Aukett Swanke Group PLCAGM
Various Eateries PLCAGM
Toople PLCAGM
BiVictriX Therapeutics PLCAGM
CloudCoCo Group PLCAGM
Friday 1 April 
Gfinity PLCGM re fundraising
River & Mercantile Group PLCAGM
  
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25 Mar 2022 13:28

IN BRIEF: River & Mercantile widens half-year loss, ups revenue

River & Mercantile Group PLC - London-based advisory and asset management company - More than doubles its loss in the first half of its 2022 financial year. It posts a loss of GBP13.4 million for the half-year ending on December 31, widening from GBP6.0 million a year ago. Revenue grows 4.2% to GBP13.5 million from GBP12.9 million. As previously reported, subject to shareholders' approval and change of control permission being granted by the Financial Conduct Authority, River & Mercantile will soon be part of AssetCo PLC, Chair Jonathan Dawson says.

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15 Feb 2022 22:16

TRADING UPDATES: Burford, Frenkel Topping expect contrasting results

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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1 Feb 2022 11:47

River & Mercantile completes sale of solutions arm to Schroders

River & Mercantile completes sale of solutions arm to Schroders

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1 Feb 2022 08:31

LONDON BRIEFING: Shares in retailer Joules plunge on business woes

LONDON BRIEFING: Shares in retailer Joules plunge on business woes

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25 Jan 2022 19:12

TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

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25 Jan 2022 14:43

River & Mercantile agrees to GBP99 million AssetCo takeover

River & Mercantile agrees to GBP99 million AssetCo takeover

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