Lastest Finance News

Management Resource Solutions in advanced financing talks with Remagen Capital

16th September 2019

Plant and equipment hire company Management Resource Solutions said it was in advanced negotiations with Remagen Capital to refinance the debt secured over its principle operating subsidiaries. The company said it expected a refinancing transaction to take place 'in the next few days' and that all parties were working towards that end. At the first meeting of creditors of the subsidiaries, held on Monday, the voluntary administrators confirmed that the group was trading, with business as usual. If the re-financing was successful, control of the subsidiaries would be returned to the company, following a vote at a second creditors meeting. Story provided by StockMarketWire.com. ... Read More

Be Heard losses narrow as margins improve

16th September 2019

Marketing services provider Be Heard booked a narrower first-half loss after a new management team worked to cut costs. Pre-tax losses for the six months through June amounted to £1.7m, compared to losses of £3.8m on-year. Revenue rose 4.6% to £14.8m, while adjusted Ebitda rose to £1.6m, up from £0.7m. The company recently appointed Simon Pyper as chief executive and Ben Rudman as chief operating officer. ... Read More

Director Deals - Abcam PLC (ABC)

16th September 2019

Gavin Wood, Executive Director, bought 2,500 shares in the company on the 13th September 2019 at a price of 1157.00p. ... Read More

Director Deals - Hunting PLC (HTG)

16th September 2019

Keith Lough, Non Executive Director, bought 4,000 shares in the company on the 13th September 2019 at a price of 488.00p. ... Read More

Director Deals - Oxford BioMedica PLC (OXB)

16th September 2019

Martin Diggle, Non Executive Director, bought 10,000 shares in the company on the 13th September 2019 at a price of 546.40p. ... Read More

Director Deals - EnQuest Plc (ENQ)

16th September 2019

Amjad Bseisu, Chief Executive Officer, bought 896,793 shares in the company on the 13th September 2019 at a price of 19.30p. ... Read More

Director Deals - Redrow PLC (RDW)

16th September 2019

Barbara Richmond, Financial Director, sold 50,000 shares in the company on the 13th September 2019 at a price of 628.50p. ... Read More

Broker Forecast - Berenberg issues a broker note on Royal Dutch Shell

16th September 2019

Berenberg today reaffirms its hold investment rating on Royal Dutch Shell (LON:RDSB) and cut its price target to 2750p (from 2900p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Director Deals - Berkeley Group Holdings (The) PLC (BKG)

16th September 2019

Glyn Barker, Non Executive Director, sold 5,882 shares in the company on the 13th September 2019 at a price of 4120.87p. ... Read More

Director Deals - Midwich Group Plc (MIDW)

16th September 2019

Stephen Fenby, Managing Director, bought 25,000 shares in the company on the 13th September 2019 at a price of 479.00p. ... Read More

Broker Forecast - Berenberg issues a broker note on BP PLC

16th September 2019

Berenberg today reaffirms its buy investment rating on BP PLC (LON:BP.) and cut its price target to 600p (from 620p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Director Deals - Oxford BioMedica PLC (OXB)

16th September 2019

Dr Andrew Heath, Non Executive Director, bought 5,000 shares in the company on the 13th September 2019 at a price of 562.00p. ... Read More

Broker Forecast - JP Morgan Cazenove issues a broker note on Prudential PLC

16th September 2019

JP Morgan Cazenove today reaffirms its neutral investment rating on Prudential PLC (LON:PRU) and cut its price target to 1627p (from 1761p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Broker Forecast - JP Morgan Cazenove issues a broker note on Phoenix Group Holdings

16th September 2019

JP Morgan Cazenove today reaffirms its overweight investment rating on Phoenix Group Holdings (LON:PHNX) and cut its price target to 846p (from 857p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Broker Forecast - JP Morgan Cazenove issues a broker note on Legal & General Group PLC

16th September 2019

JP Morgan Cazenove today reaffirms its neutral investment rating on Legal & General Group PLC (LON:LGEN) and cut its price target to 269p (from 285p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Broker Forecast - JP Morgan Cazenove issues a broker note on Beazley PLC

16th September 2019

JP Morgan Cazenove today reaffirms its overweight investment rating on Beazley PLC (LON:BEZ) and cut its price target to 630p (from 665p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Broker Forecast - JP Morgan Cazenove issues a broker note on SSE PLC

16th September 2019

JP Morgan Cazenove today reaffirms its neutral investment rating on SSE PLC (LON:SSE) and raised its price target to 1100p (from 1050p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Broker Forecast - JP Morgan Cazenove issues a broker note on Aviva PLC

16th September 2019

JP Morgan Cazenove today reaffirms its overweight investment rating on Aviva PLC (LON:AV.) and raised its price target to 498p (from 484p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Broker Forecast - UBS issues a broker note on Morrison (Wm) Supermarkets PLC

16th September 2019

UBS today reaffirms its buy investment rating on Morrison (Wm) Supermarkets PLC (LON:MRW) and raised its price target to 250p (from 245p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Broker Forecast - Peel Hunt issues a broker note on Synthomer

16th September 2019

Peel Hunt today reaffirms its buy investment rating on Synthomer (LON:SYNT) and cut its price target to 435p (from 450p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

UK stocks open 0.3% lower on weak China data; oil plays surge

16th September 2019

UK stocks opened lower on Monday after weak Chinese industrial production stoked global growth concerns. Oil producers rallied after an attack on a major Saudi Arabian production facility sent crude prices soaring. At 0848, the benchmark FTSE 100 index was dowbn 23.8 points, or 0.3%, at 7.343.66. BP gained 3.5% to 521.9p while Shell climbed 2.7% to 2,343.5p. Tullow Oil jumped 8.0% to 240p on announcing that it had discovered more oil offshore Guyana, this time with its Joe-1 exploration well. A minority shareholder in the well, Eco Atlantic Oil & Gas, added 10% to 193p. Direct Line Insurance lost 1.2% to 298.2p as it announced the appointment of Tim Harris as its new chief financial officer. ... Read More

Broker Forecast - Peel Hunt issues a broker note on Gleeson (M J) Group PLC

16th September 2019

Peel Hunt today reaffirms its hold investment rating on Gleeson (M J) Group PLC (LON:GLE) and raised its price target to 800p (from 745p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Broker Forecast - Peel Hunt issues a broker note on Avon Rubber PLC

16th September 2019

Peel Hunt today reaffirms its buy investment rating on Avon Rubber PLC (LON:AVON) and raised its price target to 1850p (from 1800p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Man Group chairman Ian Livingston to stand down

16th September 2019

Investment manager Man Group said chairman Ian Livingston would stand down at the end of December. He would be replaced as chairman by current independent director John Cryan. 'Deciding to step down from Man after almost four years on the board was a personal decision and the right timing for the company,' Livingston said. 'New governance rules mean there is a nine year limit on board tenure and I felt it was important to allow John sufficient time in the role.' At 8:04am: (LON:EMG) Man Group PLC share price was -0.97p at 164.43p Story provided by StockMarketWire.com. ... Read More

Direct Line Insurance appoints Tim Harris as CEO

16th September 2019

Direct Line Insurance said that it had appointed Tim Harris as its new chief financial officer. Harris was deputy chief executive and finance director of the Royal London Group until 12 July. 'I am delighted to welcome Tim to the Direct Line Group board, which will benefit from his many years of experience as a leading finance director in the insurance industry,' chairman Mike Biggs said. At 8:00am: (LON:DLG) Direct Line Insurance Group PLC share price was -4p at 297.9p Story provided by StockMarketWire.com. ... Read More

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