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Friday 01 April, 2016

01-Apr-2016 09:00 AM

Market Movers - Top risers and fallers at 09:00

FTSE 100 Shire 4019.50 +1.53% Inmarsat 989.00 +0.46% Royal Bank of Scotland Group (The) 223.60 +0.40% Ashtead Group 867.25 +0.
01-Apr-2016 09:00 AM

Broker Forecast - Deutsche Bank issues a broker note on Polypipe Group Plc Ords 0.10p

Deutsche Bank today reaffirms its buy investment rating on Polypipe Group Plc Ords 0.10p (LON:PLP) and cut its price target to 382p (from 385p). Story provided by StockMarketWire.com...
01-Apr-2016 08:53 AM

Coinsilium co-founder steps down

Coinsilium Group co-founder and executive chairman Cameron Parry has left the Board and Laurent Kssis, independent non-executive director has become non-executive chairman. Kssis said: "Cameron played an invaluable role in establishing Coinsilium,
01-Apr-2016 08:50 AM

Broker Forecast - Deutsche Bank issues a broker note on Marks & Spencer Group PLC

Deutsche Bank today reaffirms its buy investment rating on Marks & Spencer Group PLC (LON:MKS) and cut its price target to 565p (from 580p). Story provided by StockMarketWire.com...
01-Apr-2016 08:41 AM

Creston chairman steps down

Creston has confirmed that non-executive chairman Richard Huntingford stepped down from the board with effect from 31 March, as announced ion 18 February. The company says it has made good progress in the process to appoint a new non-executive chairman a
01-Apr-2016 08:40 AM

Broker Forecast - RBC Capital Markets issues a broker note on Prudential PLC

RBC Capital Markets today reaffirms its sector performer investment rating on Prudential PLC (LON:PRU) and cut its price target to 1470p (from 1600p). Story provided by StockMarketWire.com...
01-Apr-2016 08:30 AM

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

JP Morgan Cazenove today reaffirms its overweight investment rating on Vodafone Group PLC (LON:VOD) and cut its price target to 275p (from 280p). Story provided by StockMarketWire.com...
01-Apr-2016 08:21 AM

Anglo Pacific update on Groundhog royalty

Anglo Pacific has now settled the outstanding amount due under its promissory note receivable from Atrum Coal Groundhog Inc and its parent company, Atrum Coal NL. The promissory note was issued as part consideration for the sale of the company's co
01-Apr-2016 08:20 AM

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

JP Morgan Cazenove today reaffirms its neutral investment rating on Homeserve PLC (LON:HSV) and raised its price target to 415p (from 407p). Story provided by StockMarketWire.com...
01-Apr-2016 08:16 AM

Blenheim notes positive update from IGS

Blenheim Natural Resources notes a positive update from International Geoscience Services on the development and commercialisation of its innovative mineral prospectivity software package, IGS Xplore, and two new contracts won by IGS's geo-consultanc
01-Apr-2016 08:10 AM

Broker Forecast - Berenberg issues a broker note on Croda International PLC

Berenberg today reaffirms its hold investment rating on Croda International PLC (LON:CRDA) and raised its price target to 2900p (from 2850p). Story provided by StockMarketWire.com...
01-Apr-2016 08:08 AM

Mbeya DFS work completed on schedule, says Kibo

The definitive power feasibility study work for the Mbeya coal to power project has been completed on schedule, Kibo Mining says. The report is now subject to a review process and the findings will be announced on completion of the review. Chief executiv
01-Apr-2016 08:04 AM

Fyffes takes over Highline Produce

Fyffes has taken over Canadian mushroom producer Highline Produce. Fyffes has paid CAD$145m to acquire 100% of the equity in Highline and refinance its existing debt. Fyffes is funding this acquisition through new and existing bank debt. Highline is
01-Apr-2016 08:00 AM

Drax wins National Grid contract

Drax expects earnings to be at the top end of current forecasts after agreeing terms with National Grid for a 12 month contract to provide certain ancillary services, starting in April. Drax says that taking into account current estimates of the revenue
01-Apr-2016 08:00 AM

Broker Forecast - Berenberg issues a broker note on Inchcape PLC

Berenberg today downgrades its investment rating on Inchcape PLC (LON:INCH) to hold (from buy) and cut its price target to 735p (from 915p). Story provided by StockMarketWire.com...
01-Apr-2016 07:56 AM

Foresight Solar Fund long-term refinancing

Foresight Solar Fund Limited has reached financial close on a GBP160 million long-term debt facility. This will wholly refinance the company's GBP150 million short-term acquisition facility currently in place. The long-term facility will be provid
01-Apr-2016 07:53 AM

Boussard & Gavaudan NAV update

Boussard & Gavaudan says the estimated net asset value of its sterling shares was GBP18.6999 at the close of business on 31 March. The estimated NAV of its euro shares was EUR21.4104. Story provided by StockMarketWire.com...
01-Apr-2016 07:53 AM

Cannabis Sativa appoints CEO

Cannabis Sativa has announced that Senator Mike Gravel will take over as chief executive with former interim CEO David Tobias becoming president. Tobias said: "As an active and outspoken member of the CBDS Board of Directors, Senator Mike Gravel is
01-Apr-2016 07:46 AM

Empiric acquires student property in Oxford

Empiric Student Property has acquired the freehold of a 44 bed student accommodation property in Oxford for GBP4.5 million (excluding costs). Stonemason House was built in 2011 as a new build scheme in time for the 2011/12 academic year. The property co
01-Apr-2016 07:44 AM

BBVA plans corporate reorganisation

Banco Bilbao Vizcaya Argentaria has unveiled plans for a corporate reorganisation of its banking subsidiaries in Spain and start the process for the integration of the companies belonging to the BBVA Group, Catalunya Banc, Banco Depositario BBVA and Unoe
01-Apr-2016 07:42 AM

Norcros acquires Abode Home Products Ltd

Norcros has completed the acquisition of Abode Home Products Ltd for a total consideration of GBP4.8m, of which GBP3.9m has been settled in cash and GBP0.9m is payable in the year to March 31, 2019. The acquisition has been funded entirely by debt throu
01-Apr-2016 07:39 AM

Fidelity Japanese Values beats index

Fidelity Japanese Values' net asset value per share rose by 24.6% in the year to the end of December on a total return basis. This compares with a 19.4% increase in the Russell Nomura Mid/Small Cap Index Total Return (in sterling terms). Story pr
01-Apr-2016 07:39 AM

Euromoney to sell energy publishing arm

Euromoney Institutional Investor has agreed to sell its energy publishing businesses, Gulf Publishing Company in Houston and the Petroleum Economist in London, to a consortium led by Gulf's CEO, John Royall and media investor Russell Denson, for $18
01-Apr-2016 07:38 AM

UDG Healthcare completes disposals

UDG Healthcare confirms it has today completed the disposal of its United Drug Supply Chain and MASTA businesses to McKesson Corporation and Celesio Group. Story provided by StockMarketWire.com...
01-Apr-2016 07:37 AM

Vedanta notes close period buy-back programme

Vedanta Resources said prior to the start of its close period it began a buy-back programme via J.P. Morgan Securities. The buyback would include: - up to USD148.6m (i.e. up to 20%) of the USD743m outstanding principal amount of the 6.75% bonds due 2016

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