UK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jul 2010 07:19
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] 0619 GMT [Dow Jones] Associated British Foods' (ABF.LN) 3Q update is better than expected, says a trader. Notes total group s
Read moreAB Foods Sees Good Annual Profit As Momentum Continues
8th Jul 2010 07:15
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 to deliver very good full-year profit after the sales momentum of its first half continued into the third quarter. The food
Read moreEverything's sweet at AB Foods
8th Jul 2010 07:02
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 put in a solid performance during the third quarter. Revenue in the 16 weeks to 19 June is up 13%, aided by a 44% surge in sugar revenues and 15% i
Read moreMARKET TALK: Investec Ups AB Foods To Buy From Hold
6th Jul 2010 07:23
0623 GMT [Dow Jones] Investec Securities upgrades AB Foods (ABF.LN) to buy from hold and raises target to 1080p from 1060p as it takes a more positive view of Primark's valuation ahead of the company's 3Q results on July 8. Increasingly sees Primark as a winning proposition and thinks profit growth
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
6th Jul 2010 07:23
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] 0623 GMT [Dow Jones] Investec Securities upgrades AB Foods (ABF.LN) to buy from hold and raises target to 1080p from 1060p as
Read moreFrontier Sold 57,000 Tons Of UK Feed Wheat To Vietnam-Traders
17th Jun 2010 18:50
By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K.-based Frontier Agriculture Ltd sold 57,000 metric tons of U.K. feed wheat to a customer in Vietnam and expects to ship the wheat from Southampton by Tuesday, traders familiar with the deal said. Frontier is loading U.K. fe
Read moreWednesday tips round-up: SABMiller, AB Foods, Burberry
21st Apr 2010 06:39
Brewer SABMiller shares put on a decent 4.5% yesterday, but despite all the encouraging factors, the Independent suggests that punters looking to buy now have missed the boat. The forecast 2010 dividend yield, at 2.4%, is no better than adequate, and not big enough to counter what could be an inert
Read moreLondon close:Equities advance on broad front
20th Apr 2010 17:11
London brought its two day losing streak to an end today, despite a mixed reception to the day's major company announcements and a disappointing set of inflation figures. A sharp rise in fuel costs was responsible for much of the acceleration in the inflation rate, which climbed to 3.4% from 3% in
Read moreFTSE 100 movers: Tesco bucks upward trend
20th Apr 2010 15:07
A strong performance from Footsie means that there are only five fallers in the index. The fallers include supermarkets retailer Tesco and its rival Wm Morrison Supermarkets. This follows Tesco's full year results announcement. Underlying profit rose by 10% to just shy of £3.4bn, with pre-tax prof
Read moreLondon afternoon: Tesco heads small band of fallers
20th Apr 2010 14:13
The blue-chip index shuffled sideways over the lunch time session with not even expectations of a firm opening on Wall Street encouraging buyers to commit further. Earlier in the day sentiment had received a knock from worse than expected inflation data. A sharp rise in fuel costs was responsible f
Read moreLondon midday: Equities resume upward trend
20th Apr 2010 12:15
Worse than expected inflation figures gave the market pause for thought but leading equities have since recovered their poise and ended the morning session on an upward trend. A sharp rise in fuel costs was responsible for much of the acceleration in the inflation rate, which climbed to 3.4% from 3
Read moreLondon open: Footsie makes bright start
20th Apr 2010 08:49
Footsie has moved higher as retailers come into focus on a busy day on the company news front. Tesco reaffirmed its position as the UK's supermarket powerhouse as profits last year surged to nearly £3.2bn with underlying growth of more than 10%. Total sales in the year to end February rose by 6.8%
Read moreLondon pre-open: Retailers to lift Footsie
20th Apr 2010 07:35
Footsie is expected to move higher in early dealings as retailers come into focus on a busy day on the company news front. Tesco reaffirmed its position as the UK's supermarket powerhouse as profits last year surged to nearly £3.2bn with underlying growth of more than 10%. Total sales in the year t
Read morePrimark shines as AB Foods beats forecasts
20th Apr 2010 06:57
The Primark clothing chain was once again the star of the show when Associated British Foods reported better than expected first-half profits. Group pre-tax profit came in at £330m in the 24 weeks ended 27 February compared with £178m last year and better than expectations of around £317m. Revenu
Read moreTuesday preview: Tesco, AB Foods, Burberry
19th Apr 2010 17:33
There is no shortage of opinions on how well retailing leviathan Tesco did in the year to end-February 2010, but most observers agree that Tuesday's results are going to hit new records in terms of sales and profits. Market consensus is for pre-tax profit of £3.21bn on sales of £58.5bn, up from pro
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