Thursday broker round-up
27th Oct 2016 12:29
(ShareCast News) - Debenhams: JP Morgan keeps at underweight with a target price of 54p. AA: Berenberg stays at buy, 315p target. National Express: RBC reiterates outperform with a 405p target. LLoyds: UBS reiterates buy with a 67p target. GlaxoSmithKline: Credit Suisse reiterates neutral with a
Read moreRubicon recalls 84,000 bottles over explosion fears
6th Oct 2016 13:28
(ShareCast News) - UK-based soft drinks producer A.G. Barr has recalled four batches of its fizzy mango Rubicon drink as yeast fermentation has led to the risk of the drink exploding. The products have become unfit for human consumption as the fermentation is feared to turn the drink into alcohol an
Read moreAG Barr announces jobs cuts after sales fall in first half
27th Sep 2016 08:12
(ShareCast News) - Sales from soft drinks maker AG Barr lost some of their fizz in the first half of the year amid continuing challenging conditions, but cash flowed strongly and management announced a 10% staff reduction as part of new restructuring plans. Chief executive Roger White warned that ma
Read moreTuesday preview: A.G. Barr reports half year interims
26th Sep 2016 13:15
(ShareCast News) - Soft drinks maker A.G. Barr reports its half-year results on Tuesday after warning of the impact of difficult market conditions in an August trading update. In last month's trading update, the owner of Irn-Bru and Rubicon said it expects revenue to fall 2.9% year-on-year to £125m
Read moreSector movers: Beverage stocks pace gains
13th Sep 2016 16:39
(ShareCast News) - Defensive issues took over from cyclicals, with beverage stocks climbing to the top of the leaderboard on the back of positive broker commentary. Analyst Charles Pick at Numis bumped up his recommendation on shares of AG Barr from 'hold' to 'add' ahead of the company's next set of
Read moreUK sugar tax to be imposed on soft drinks in 2018, government confirms
18th Aug 2016 08:42
(ShareCast News) - The government has confirmed it will introduce a soft drinks industry levy across the UK as part of its plan to tackle childhood obesity. The Department of Health will launch a "broad, structured sugar reduction programme" that will aim to remove sugar from the products children e
Read moreLondon close: Stocks finish flat after uninspiring data
12th Aug 2016 16:02
(ShareCast News) - London stocks finished broadly flat on Friday following a batch of uninspiring economic data including reports on UK construction, eurozone gross domestic product and US retail sales. UK construction output fell 0.9% in June from May, more or less in line with consensus expectatio
Read moreFTSE 250 movers: Restaurant Group leads risers, Genus tops fallers
12th Aug 2016 15:32
(ShareCast News) - The FTSE 250 was up 0.62% to 17,918.63 points in Friday afternoon trade. The Restaurant Group was a top riser on London's second tier index after the pub and restaurant chain announced the departure of its chief executive Danny Breithaupt, who has been with the company for 15 year
Read moreBroker tips: A.G. Barr, Drax, Tullow Oil
12th Aug 2016 09:48
(ShareCast News) - A.G. Barr shares fell on Friday as Berenberg downgraded its rating on the stock to 'sell' from 'hold' and cut its target price to 470p from 530p, citing a "weak" trading update by the soft drinks maker. In a 2 August trading statement, the Irn Bru maker said it expected a 2.9% yea
Read moreFriday broker round-up
12th Aug 2016 09:36
(ShareCast News) - Britvic: Berenberg reiterates buy with a target price of 775p. RSA Insurance: Deutsche Bank maintains hold with a 525p target. GlaxoSmithKline: JP Morgan reiterates neutral with a 1900p target. Amec Foster: Goldman Sachs stays at buy with a 691,1p target. A.G. Barr: Berenberg d
Read moreA.G. Barr shares fall on Berenberg downgrade
12th Aug 2016 09:03
(ShareCast News) - A.G. Barr shares fell on Friday as Berenberg downgraded its rating on the stock to 'sell' from 'hold' and cut its target price to 470p from 530p, citing a "weak" trading update by the soft drinks maker. In a 2 August trading statement, the Irn Bru maker said it expected a 2.9% yea
Read moreJP Morgan upgrades Coca Cola HBC, hikes target
19th Jul 2016 20:47
(ShareCast News) - Analysts at JP Morgan bumped up their recommendation on shares of Coca Cola HBC, pointing out how the European Beverages sector had proved more resilient than competitors beer or spirits to the volatile macroeconomic backdrop. Indeed, in the opinion of the broker bottlers's shares
Read moreWednesday broker round-up
30th Mar 2016 14:53
(ShareCast News) - Inmarsat: Berenberg upgrades to hold with a target price of 890p. Next: Investec downgrades to sell, 5250p target, Jefferies reiterates hold with a target price of 5100p, JP Morgan stays at neutral with a target of 6370p and HSBC keeps at hold, 6260p target. Glaxosmithkline: Citi
Read moreLondon pre-open: Stocks seen touch higher after Easter break
29th Mar 2016 07:44
(ShareCast News) - London stocks are set to open a touch higher on Tuesday as traders get back to their desks following the long Easter weekend. The FTSE 100 is seen starting six points higher than Friday's close at 6,113. Later on in the day, investors will eye a speech from Federal Reserve Chair
Read moreAG Barr looks to move away from sugary drinks as FY sales not so sweet
29th Mar 2016 07:30
(ShareCast News) - Soft drinks maker AG Barr said it was looking to move away from sugary drinks in response to the UK government's plans to introduce an extra tax on the products as it reported its full year results. The manufacturer of Iron Bru and Tizer said cost cutting helped full year statutor
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