LONDON BROKER RATINGS: Tesco downgraded; Berenberg likes FirstGroup

The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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FTSE 100

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UBS cuts Phoenix Group price target to 640 (650) pence...

Thu, 26/05/2022 - 10:01


TOP NEWS: Serco rises as raises guidance after strong start to 2022

Serco Group PLC on Thursday pleased shareholders after it lifted its financial guidance in an impromptu update due to ‘stronger than expected trading’ in the...

Thu, 26/05/2022 - 10:00


TOP NEWS: United Utilities annual revenue growth offset by expenses

United Utilities Group PLC said Thursday increased finance expenses have eaten into annual profit, despite growth in revenue, with costs expected to rise further this...

Thu, 26/05/2022 - 09:47


TOP NEWS: Auto Trader expects operating profit margin to remain at 70%

Auto Trader Group PLC on Thursday reported an annual earnings rise and anticipates more growth ahead.

In the year ended March 31, the Manchester-based vehicle...

Thu, 26/05/2022 - 09:41


IN BRIEF: FirstGroup considers takeover offer from I Squared Capital

FirstGroup PLC - Aberdeen, Scotland-based transport provider - Receives ‘series of unsolicited, conditional proposals’ to be acquired by I Squared Capital Advisors (UK) LLP. Says...

Thu, 26/05/2022 - 09:40


Tharisa interim profit boosted by strong commodities, Karo Mining

Tharisa PLC on Thursday delivered ‘another strong’ financial performance that was underpinned by high commodity prices and a ‘significant’ contribution from Karo Mining Holdings Ltd....

Thu, 26/05/2022 - 09:34


FTSE flat, energy firms dip ahead of cost-of-living announcement, JD extends losses on Cowgill exit and Serco delivers positive surprise

“The FTSE 100 reacted with a shrug to a £10 billion package from the UK Government to support households struggling with the cost of living,”...

Thu, 26/05/2022 - 09:32


Jubilee Metals appoints Vale board member Oliveira as new chair

Jubilee Metals Group PLC on Thursday said it hired a new chair and chief financial officer with effect on Wednesday next week.

The London-based metals...

Thu, 26/05/2022 - 09:25


LONDON MARKET OPEN: BT down as UK to probe 18% shareholder

Surprisingly frank comments by a Chinese leader about the weak state of the country's Covid-hit economy sent a chill through markets on Thursday, while BT...

Thu, 26/05/2022 - 09:04


LONDON BRIEFING: Johnson Matthey promises to restore shareholder value

Johnson Matthey on Thursday said it is determined to ‘restore value to our shareholders’ after recent changes in direction sent shares tumbling.

The London-based specialty...

Thu, 26/05/2022 - 08:31


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