Thursday broker round-up UPDATE
25th Sep 2014 08:48
Amec: UBS raises target price from 1100p to 1215p upgrading from neutral to buy. Aquarius Platinum: Citi lowers target price from 26p to 22p maintaining a neutral rating. Arrow Global: Panmure Gordon ups target price from 335p to 360p and keeps a buy recommendation. Barr (AG): Numis ups target pri
Read moreFTSE 250 movers: Tate & Lyle slides after profit warning
23rd Sep 2014 14:55
Sweetener maker Tate & Lyle led the downside after issuing a profit warning. It blamed severe US weather and the temporary shutdown of a plant in Singapore for higher costs, but did also say that sales of its flagship Splenda sucralose sweetener were ahead of last year. It admitted that the first ha
Read moreLondon midday: Stocks drop as US Treasury acts to block tax inversion deals
23rd Sep 2014 12:38
UK stocks were firmly lower come midday, tracking overnight losses on Wall Street, with investors apparently reacting the US Treasury's move last night to make corporate tax inversions more difficult. Acting as a backdrop, traders were monitoring the first coalition airstrikes against Islamic State
Read moreTuesday broker round-up UPDATE
23rd Sep 2014 09:36
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged. African Minerals: Credit Suisse reduces target price from 120p to 25p, while leaving its neutral rating unchanged. Aviva: Goldman Sachs ups target price from 490p to 515p and reiterates a neutr
Read moreAG Barr sees double digit rise in profits at interim stage
23rd Sep 2014 07:17
Total turnover at soft drinks manufacturer AG Barr grew by 5.4% to £135.7m in the six months ending on 27 July to reach £135.7m, resulting in a 14.6% increase in profit before tax (PBT) to £19m. In underlying terms PBT was 11% ahead on the comparable period at £18.4m, with underlying free cash flow
Read moreTuesday preview: AG Barr reports first half, manufacturing PMIs due in Eurozone, US
22nd Sep 2014 15:00
Irn Bru maker AG Barr is forecast to report an increase in first half sales on Tuesday, driven by improved margins. The Scottish manufacturer of softdrinks indicated in July that sales would rose 5.6% to £135m. "Despite competitive markets, management has been happy enough regarding margin trends (
Read moreAG Barr expects to deliver full year growth despite high levels of competition
25th Jul 2014 12:44
AG Barr on Friday said it was expecting to deliver a year of good growth, despite the soft drinks market continuing to be highly competitive. In the six-month period to-date, the group said it had maintained "strong value and volume growth momentum", despite the increasingly tough prior year compa
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
Read morePureCircle to benefit from new stevia-based Coca-Cola Life, says Numis
11th Jun 2014 10:59
Natural sweetener producer PureCircle's share price received a boost on Wednesday from the news that Coca-Cola Life, a new lower calorie drink, is to be launched in the UK. Coca-Cola Life, the first new Coca-Cola product in the UK since Coca-Cola Zero was launched in 2006, will contain 36% fewer ca
Read moreSector movers: SABMiller lifts beverages on M&A rumours
10th Jun 2014 13:48
M&A speculation surrounding SABMiller increased the demand for beverages stocks on Tuesday. Shares in the Coors Light, Grolsch and Peroni maker were up 2% at 3,340.5p in afternoon trade after the Financial Times reported on "rumours" regarding a potential takeover. The paper cited analysts at Sant
Read moreTuesday broker round-up UPDATE
3rd Jun 2014 08:31
Anglo American: Goldman Sachs reduces target price from 1240p to 1180p and keeps its sell recommendation. Balfour Beatty: UBS shifts target price from 225p to 230p maintaining its neutral rating. Barr (AG): N+1 Singer moves target price from 667p to 678p retaining its hold recommendation. Beazley
Read moreMonday broker round-up UPDATE
2nd Jun 2014 10:24
Anglo Pacific: FinnCap places both its target price (prev.: 216p) and its hold recommendation under review. Associated British Foods: Berenberg increases target price from 2600p to 3060p, while maintaining its hold recommendation. Barr (AG): Numis moves target price from 612p to 624p retaining a h
Read moreAG Barr to close Wales factory and move to Milton Keynes
30th May 2014 17:12
AG Barr is planning to close its factory in Wales and move production to its new Milton Keynes facility. The maker of Irn-Bru and Rubicon said it would close the site in Tredegar at the end of January 2015. The Tredegar site, which produces drinks cartons mainly for its Rubicon and KA juice brands
Read moreWednesday tips round-up: AstraZeneca, AG Barr
28th May 2014 07:46
Shares of AstraZeneca continue to trade well above the price at which they were at before Pfizer came along - 37 pounds. However, it seems implausible that investors are still holding out on hopes of another bid coming through. Rather, it is probably a reflection of the ambitious growth targets whic
Read moreTuesday broker round-up UPDATE
27th May 2014 09:17
African Minerals: Canaccord Genuity cuts target price from 295p to 230p and maintains a buy recommendation. AG Barr: Investec ups target price from 620p to 645p retaining an add rating. ARM Holdings: Numis increases target price from 880p to 920p keeping a hold recommendation. AVEVA Group: Invest
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