Advertisement
UK markets close in 6 hours 26 minutes
  • FTSE 100

    8,045.24
    +21.37 (+0.27%)
     
  • FTSE 250

    19,676.96
    +77.57 (+0.40%)
     
  • AIM

    751.47
    +2.29 (+0.31%)
     
  • GBP/EUR

    1.1592
    +0.0003 (+0.03%)
     
  • GBP/USD

    1.2364
    +0.0014 (+0.11%)
     
  • Bitcoin GBP

    53,620.03
    +250.43 (+0.47%)
     
  • CMC Crypto 200

    1,394.57
    -20.19 (-1.43%)
     
  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     
  • DOW

    38,239.98
    +253.58 (+0.67%)
     
  • CRUDE OIL

    82.42
    +0.52 (+0.63%)
     
  • GOLD FUTURES

    2,316.70
    -29.70 (-1.27%)
     
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • DAX

    17,968.37
    +107.57 (+0.60%)
     
  • CAC 40

    8,065.32
    +24.96 (+0.31%)
     

BUZZ-Informa: Investec upgrades to buy

** Publishing and events company Informa (Other OTC: IFJPY - news) 's shares up 2.7 pct, best day in a month

** Investec (LSE: INVP.L - news) raises to "buy" from "hold", cuts PT to 706p from 728p

** Brokerage says FY 17 EPS estimate up 3 pct, FY 18 EPS estimate up 4 pct

** Brokerage says post Penton deal, FY 17 estimated event profit increases to 36 pct from 30 pct, an attractive earnings stream

** Co agreed to buy US-based information services company Penton for £1.18 bln in September to expand presence in the US and grow global exhibitions business

** More than 1/5 th of 30-day avg vol gone through in first hour

ADVERTISEMENT

** 11 of 18 brokerages rate the stock "buy" or higher, 5 "hold" and 2 "sell" or lower

** Up to Monday's close, stock had risen 17.1 pct v +0.7 pct on FTSE 350 Media Index (Reuters Messaging: pranav.kiran@thomsonreuters.com@reuters.net)