Broker tips: SABMiller, AG Barr, Victrex
28th May 2013 11:05
Credit Suisse continues to expect SABMiller to 'outperform' despite cutting its target price for the beverages stock from 4,000p to 3,920p on the back of negative foreign exchange movements. Nevertheless, analysts remain upbeat despite the stock's recent strong run: "Whilst the shares are +25% year
Read moreBroker snap: AG Barr up with events after outperformance, Canaccord downgrades
28th May 2013 10:38
First-quarter results from AG Barr were 'very strong' according to Canaccord Genuity, but the broker has downgraded the soft drinks company from 'buy' to 'hold' following its recent outperformance and share gains. Revenues in the first 15 weeks of the fiscal year to May 12th were up 2.4%, the compa
Read moreLondon open: Stocks surge as markets play catch up after long weekend
28th May 2013 08:30
UK markets surged in early trading on Tuesday with traders wasting no time in playing catch up as they returned to their desks following the three-day weekend. After reaching a 13-year high on Wednesday, the FTSE 100 dropped sharply in the latter part of last week on fears of a scaling back of stim
Read moreTuesday broker round-up UPDATE
28th May 2013 07:25
AG Barr: Investec increases target price from 562p to 591p, while downgrading from buy to add. Canaccord Genuity downgrades to hold with a target price of 570p. Amara Mining: Cantor Fitzgerald cuts target price from 81p to 63p and retains a buy recommendation. Compass Group: Nomura ups target pric
Read moreAG Barr boosts revenue despite dismal weather
28th May 2013 07:07
Soft drinks maker AG Barr improved revenue, following a good performance from its core products despite the soggy weather, and said it is very confident in future trading. The Irn-Bru maker said total revenue for the 15 weeks to May 12th 2013 increased 2.4% from the same period last year. The grou
Read moreMonday broker round-up UPDATE
25th Mar 2013 07:12
Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3
Read moreBroker tips: AG Barr, BSkyB, ENRC
21st Mar 2013 13:12
Investec has restarted its coverage of drinks giant AG Barr at 'buy', saying it demonstrated good momentum in its sales during the fiscal year 2013, as the company continued to concentrate on building distribution from its strong regional position. The broker commented that the group has made "si
Read moreBroker snap: Investec re-starts A.G. Barr at buy
21st Mar 2013 13:08
Drinks manufacturer A.G. Barr showed good momentum in its sales during fiscal year 2013, as the company concentrates on building distribution from its strong regional positions. Combined with its reputation for delivery, cash generation and growth opportunities analysts at Investec believe that th
Read moreThursday broker round-up
21st Mar 2013 07:16
ASOS: Citigroup takes target price from 3000p to 4000p and keeps a buy recommendation. Deutsche Bank moves target price from 2600p to 3000p, while maintaining a hold recommendation. Atkins: Liberum Capital ups target price from 880p to 1020p upgrading to buy. Barr (AG): Shore Capital downgrades to
Read moreAG Barr toasts full year profit rise
21st Mar 2013 07:13
Drinks firms AG Barr delivered a four per cent increase in full year profit, following good demand from its core products, and said despite tough market conditions it is confident in future trading. The North Lanarkshire based group said profit on ordinary activities before tax and exceptional it
Read moreWednesday broker round-up UPDATE
13th Mar 2013 08:28
Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r
Read moreBroker snap: Britvic could see upside from US franchising, says Nomura
19th Feb 2013 10:15
Nomura has resumed coverage of soft drinks group Britvic with a 'buy' rating, saying it sees upside from US franchising and if the AG Barr merger is revisited. The broker said that while the macro outlook in key Great Britain market "looks challenging for 2013", the first quarter has got off to a g
Read moreLondon close: Stocks slip as growth concerns dampen sentiment
14th Feb 2013 16:30
The FTSE 100 had picked up off its intraday low by the end of the session on Thursday, but a barrage of worse-than-expected economic growth figures from across the globe ensured that markets remained in negative territory. Buying picked up slightly in afternoon trade after initial US jobless claims
Read moreFTSE 250 movers: Bumi falls as infighting continues ahead of vote
14th Feb 2013 15:37
Bumi plc shares tumbled as co-founders of the coal miner financier Nathanial Rothschild and the Bakrie Group continued to butt heads over fate of the business. Shareholders are meeting next Thursday to vote on a proposal by Rothschild to replace members of the board. Furthermore, overnight shares of
Read moreLondon midday: Stocks sink as Eurozone contracts further in Q4
14th Feb 2013 12:05
After hitting a fresh five-year high the day before, London's benchmark FTSE 100 index slumped on Thursday morning as traders reacted to weaker-than-expected economic growth figures from Japan and across Europe. Overnight, it was announced that Japanese gross domestic product (GDP) contracted by 0.
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