FTSE 250 movers: Britvic, AG Barr surge on merger speculation
5th Sep 2012 15:56
Investors of Britvic and AG Barr today celebrated the news that the companies are in discussions about an all-share merger which would create 'one of the leading soft drinks companies in Europe'. "The combination would have compelling industrial logic and represents an opportunity for both companie
Read moreLondon midday: Markets nervous ahead of ECB decision
5th Sep 2012 11:38
- All eyes on ECB meeting - Concerns about China, Japan and Australia weigh on sentiment - Britvic in merger talks with AG Barr The FTSE 100 was well off its intraday low by Wednesday lunchtime but still firmly in the red as investors continued to fret about the upcoming policy decision in Europe t
Read moreBritvic and AG Barr in merger talks
5th Sep 2012 09:35
FTSE 250 drinks companies Britvic and AG Barr have announced that they are in discussions about an all-share merger which would create 'one of the leading soft drinks companies in Europe'. The companies confirmed press speculation on Wednesday morning by saying that AG Barr, the Scottish manufactur
Read moreLondon close: Stocks rally as euro leaders vow to battle crisis
27th Jul 2012 16:59
- Merkel, Hollande pledge lifts markets - Bundesbank still opposed to ECB bond-buying - Barclays surges after half-year beat Markets rocketed on Friday afternoon after European leaders showed their commitment to protect the Eurozone and US economic data beat expectations. German Chancellor Angela
Read moreFriday broker round-up -UPDATE
27th Jul 2012 09:54
African Minerals: Goldman Sachs upgrades to buy. AG Barr: Investec reiterates buy recommendation and 485p target; Shore Capital downgrades to hold; N+1 Brewing downgrades to hold. AstraZeneca: Nordea downgrades to sell. Barclays: Investec maintains buy rating and 240p target. BG Group: UBS cuts
Read moreMargins under pressure at AG Barr
27th Jul 2012 08:45
AG Barr, the soft drinks group, is losing its fizz, as margins come under pressure, with the recent heavy rainfall in the UK only adding to the gloom. Despite the difficult conditions, the Irn-Bru maker has has continued to grow strongly ahead of the market and anticipates sales revenue of around £
Read moreAG Barr signs Rockstar franchise extension
26th Jun 2012 07:53
Scottish soft drinks maker and distributor AG Barr has announced a 15 year franchise extension with energy drink maker, Rockstar. The companies are now tied up until 2024. Barr, the maker of Irn-Bru, is also set to explain to investors at a site visit today more about how it will finance expansion
Read moreAG Barr shrugs off wet start to spring
21st May 2012 07:07
Soft drinks firm AG Barr said, despite current market headwinds, low consumer confidence and unseasonably wet weather, the business is performing in line with company expectations. The Irn-Bru maker said total revenue for the 14 weeks to 5 May 2012 climbed 4.3% compared to the same period last year
Read moreLondon pre-open: Reports of increased bailout fund boosts FTSE
26th Mar 2012 07:37
City sources predict the FTSE 100 will open up 18 points from Friday's close of 5,855, following reports that Angela Merkel, the German Chancellor, has agreed temporary measures to increase Europe's bailout fund in a bid to soothe troubled markets. A US court has dismissed AstraZeneca's lawsuit a
Read morePlenty of juice in AG Barr
26th Mar 2012 07:12
Irn-Bru maker AG Barr's full year results were slightly ahead of expectations, with the Scottish group's exotic juice brands, Rubicon and KA showing particularly good growth. Underlying profit before tax rose 6.2% to £33.6m in the year to end of January from £31.6m the year before, slightly ahead o
Read moreThursday broker round-up - UPDATE
26th Jan 2012 09:34
Misys: Panmure Gordon cuts target from 335p to 295p, hold rating unchanged; Peel Hunt puts 250p target under review, hold rating kept; Merchant Securities initiates coverage with sell rating and 220p target. Mitchells & Butlers: Panmure Gordon keeps hold and 240p target; Peel Hunt retains hold rati
Read moreAG Barr sees strong end to the year
26th Jan 2012 07:36
Scottish beverages maker AG Barr saw a strong end to its financial year and said it expects to meet all of its full-year targets. Like-for-like (LFL) sales in the final quarter were 12% ahead of the prior year, equating to a full-year LFL sales growth of around 6% for the 12 months to January 29th.
Read moreWednesday broker round-up
18th Jan 2012 09:32
BT Group: UBS downgrades from buy to neutral, target cut from 230p to 210p. Tullow Oil: finnCap retains sell rating and 1,000p target. Man Group: Peel Hunt keeps buy stance but puts 245p target under review. Vodafone: On UBS's most preferred telecoms list. Rio Tinto: UBS cuts target from 5,500p
Read moreFTSE 250 Movers: PZ Cussons share price down the drain
8th Dec 2011 15:53
'Imperial Leather' soap maker PZ Cussons was the biggest faller after it warned that overall profit in the six months to the end of November will come in below expectations. The firm said high raw material costs and adverse exchange rate movement had continued to impact margins in the first half of
Read moreWednesday broker round-up - UPDATE
7th Dec 2011 08:50
Resolution: Deutsche Bank upgrades to buy from hold. ICAP: Morgan Stanley downgrades to equalweight from overweight. Xstrata: Credit Suisse reiterates outperform and 1,700p target. Xstrata: Nomura reiterates buy and 1,500p target. Wolseley: Credit Suisse stays at outperform. Wolseley: UBS ups
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