Markets
Britain's Merlin to open $350 million Legoland in NY state
At the ceremony, Varney spoke about the uniqueness of LEGOLAND parks and reinforced that Merlin picked an outstanding location to construct its newest LEGOLAND Park. Earlier this month Merlin's stock dived after it revealed a "difficult" summer for the company's London attractions and United Kingdom theme parks following a spate of terrorist attacks, which saw group like-for-like revenue growth ne... [Full Article...]
Target Corporation (TGT) Receives $63.09 Consensus Target Price from Analysts
The company's quarterly EPS surprised Wall Street by as much as 3% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Stockholders of record on Wednesday, November 15th will be paid a $0.62 dividend. The price-to-book ratio of 5.45 for Southern Copper Corporation (NYSE:SCCO) implies that investors are highly hopeful for the... [Full Article...]
Barclays profits up 31% in third quarter as boss sets new targets
The run of bad results will make it harder for Staley to win over those investors sceptical of his strategy to build up the investment bank, which has always been Barclays's least profitable unit. Barclays' third quarter results were buoyed by the absence of a payment protection insurance (PPI) provision. Income fell to £5.2bn, down 5% on a year ago, but this was offset by significantly low... [Full Article...]
Zacks Investment Research Upgrades GrubHub Inc (GRUB) to "Hold"
PNC Financial Services Group Inc. lifted its position in shares of GrubHub by 6.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of GrubHub by 11.5% during the 2nd quarter. Several research firms have commented on GRUB . Canaccord Genuity increased their target price on shares of GrubHub from $42.00 to $48.00 and gave the stock a "buy" rating in a ... [Full Article...]
Deutsche Bank says integration of Postbank retail unit on track
Cost-cutting measures are starting to yield results as the company's headcount declined by 4,000 year-on-year. Shares were down almost 3%, to EUR14.12, in early trading in Germany. Revenues in the private and commercial bank were up 3%, to EUR2.6 billion. In a 15-page presentation to journalists, the bank reiterated that it was on track to realize more than 900 million euros ($1.1 billion) in ... [Full Article...]
BT to cut landline costs for up to one million people
This will return line rental prices to a similar level to those charged in 2010, Ofcom said. Ofcom said almost two-thirds of customers with only a landline are over 65, and more than three-quarters have never switched provider, meaning they were getting poor service compared to those who buy bundles of landline, broadband and/or TV packages. [Full Article...]
New International Airline Rules Go Into Effect November 2
Some airlines said they had received permission to delay implementing the new rules until January. On Wednesday, it said it would conduct "passenger pre-screening interviews" for those traveling on USA -bound flights in concert with other checks on electronics. [Full Article...]
EnLink Midstream LLC (ENLC) EPS Estimated At $0.06
The ex-dividend date is Monday, November 6th. Oppenheimer maintained the shares of EXEL in report on Thursday, July 20 with "Hold" rating. The company was downgraded on Monday, December 21 by Bank of America. Looking at some ROIC (Return on Invested Capital) numbers, EQT Midstream Partners, LP (NYSE:EQM)'s ROIC is 0.176749. The firm set an "overweight" rating and a $22.00 price target on the stock... [Full Article...]