UK MARKET TALK ROUNDUP: SHARES GAINING
9th Jul 2010 11:28
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1028 GMT [Dow Jones] Societe Generale raises AB Foods (ABF.LN) price target to 1046p from 1019p following the company's 3Q
Read moreBroker tips: AB Foods, Hays, Aquarius
8th Jul 2010 13:13
Nomura Securities has initiated coverage of Associated British Foods in the wake of the company's trading update and thinks the stock is undervalued. It's initial recommendation is "buy" with a price target of 1160p, giving a potential 20% upside to the current share price. "Domestic expansion and
Read moreBroker snap: AB Foods rating undervalues Primark
8th Jul 2010 12:36
Nomura Securities has initiated coverage of Associated British Foods in the wake of the company's trading update and thinks the stock is undervalued. It's initial recommendation is "buy" with a price target of 1160p, giving a potential 20% upside to the current share price. "Domestic expansion and
Read moreMARKET TALK: AB Foods Strong, Primark Leads The Way -Panmure
8th Jul 2010 09:41
0841 GMT [Dow Jones] AB Foods' (ABF.LN) 3Q update shows another strong performance, with Primark leading the way, says Panmure Gordon. Notes Primark's sales showed only a slight slowdown on 1H, even though it's lapping much tougher comparisons. Says strong operational gearing means margins at Primar
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
8th Jul 2010 09:41
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0841 GMT [Dow Jones] AB Foods' (ABF.LN) 3Q update shows another strong performance, with Primark leading the way, says Pan
Read moreUPDATE:AB Foods Sees Good Annual Profit As Momentum Continues
8th Jul 2010 09:25
(Adds comment from an analyst and the finance director) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. food, ingredients and retail group Associated British Foods (ABF.LN) said Thursday it's on track for a very good full year after strong first-half momentum continue
Read moreMARKET TALK: AB Foods Trading Robust, Primark Stands Out
8th Jul 2010 08:17
0717 GMT [Dow Jones] AB Foods (ABF.LN) trading remains robust, says Charlie Mills at Credit Suisse, with the standout division being Primark. Says same-store sales growth looks to still be around 7%-8%, while margins have grown, "so retail profits look set to be well ahead of our estimates." He rais
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
8th Jul 2010 08:17
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0717 GMT [Dow Jones] AB Foods (ABF.LN) trading remains robust, says Charlie Mills at Credit Suisse, with the standout divi
Read moreLondon open: Banks and miners lead advance
8th Jul 2010 08:17
London's top stocks got off to a flying start, up around 1% in early dealings, with banks and miners leading the way. Royal Bank of Scotland and Barclays have both added more than 4%, closely followed by Lloyds Banking, up just under 4%. Among the miners, Antofagasta, Xstrata and Kazakhmys are in d
Read moreLondon pre-open: Stocks set to fly
8th Jul 2010 07:57
London is set to follow Wall Street's lead and get off to a flying start, with traders predicting the FTSE 100 will open around 58 points higher. AB Foods is on course to deliver "very good progress" on earnings for the year after its Silver Spoon sugar business and discount clothes chain Primark p
Read moreMARKET TALK: AB Foods Update Will Not Raise Consensus - Investec
8th Jul 2010 07:50
0650 GMT [Dow Jones] AB Foods' (ABF.LN) update is good, says Martin Deboo of Investec, though he doesn't expect it to result in FY upgrades. Says positive news on Primark is somewhat offset by the negative comments on Portuguese sugar. Adds Primark same-store sales look to have slowed since the 1H.
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jul 2010 07:50
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0650 GMT [Dow Jones] AB Foods' (ABF.LN) update is good, says Martin Deboo of Investec, though he doesn't expect it to result
Read moreMARKET TALK: AB Foods Posts Another Good Strong Update - Shore
8th Jul 2010 07:32
0632 GMT [Dow Jones] AB Foods (ABF.LN) posts "another good strong update, following the trend of the last nine months," says Shore Capital's Darren Shirley. He's encouraged by Primark, where same-store sales are likely in high single digits, and notes that margins in the division have grown. Adds bo
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jul 2010 07:32
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0632 GMT [Dow Jones] AB Foods (ABF.LN) posts "another good strong update, following the trend of the last nine months," says
Read moreMARKET TALK: AB Foods 3Q Update Better Than Expected - Trader
8th Jul 2010 07:19
0619 GMT [Dow Jones] Associated British Foods' (ABF.LN) 3Q update is better than expected, says a trader. Notes total group sales are up 14%, versus his expectations for a rise of around 6%. Adds the strong performance in Spain is particularly encouraging. Another trader expects the shares to open u
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