Wednesday broker round-up
27th Apr 2016 15:32
(ShareCast News) - BP: Barclays reiterates overweight with a 550p target, Credit Suisse keeps at underperform with a target of 330p, Cannacord stays at buy with a 420p target and Exane BNP Paribas reiterates neutral with a target of 350p. Cambian Group: Canaccord downgrades to hold with a 91p target
Read moreBritish American Tobacco increases cigarette volumes, market share
26th Apr 2016 07:53
(ShareCast News) - British American Tobacco reported more smokers puffing on its products on Monday, with increased volumes and market share in the first quarter of 2016. The FTSE 100 firm said cigarette volumes from its subsidiaries increased 3.6% during the quarter to 158 billion, or 2.4% on an or
Read moreFriday broker round-up
22nd Apr 2016 15:08
(ShareCast News) - Acacia Mining: Jefferies reiterates buy with a 390p target and Citigroup stays at neutral with a target price of 340p. ITV: UBS stays at sell with a 230p target. Easyjet: Credit Suisse keeps at outperform with a target price of 2137p. Lloyds: Deutsche Bank keeps at buy with a t
Read moreIn EMs JP Morgan prefers stocks that play on consumer theme
18th Apr 2016 14:54
(ShareCast News) - Emerging markets equities continued to be under-owned by JP Morgan's reckoning, despite the lowest valuation on offer since 2003 and the smallest growth differential between developing and advanced economies since 2001. In the broker's judgement, those two factors argued against "
Read moreSunday newspaper round-up: Interest rates, Tata, Premier Foods, G4S, Centrica
3rd Apr 2016 16:33
(ShareCast News) - The Bank of England will hold interest rates at their current historic low for three more years, according to the market's current predictions. Judging by the overnight deposit rates that banks are charged to hold their cash at the central bank, which indicates market predictions
Read moreSunday newspaper round-up: Rolls-Royce, Whitbread, Britvic, LSE
20th Mar 2016 16:56
(ShareCast News) - Rolls-Royce has put forward detailed proposals to the government to fill some of the UK's power shortage with a fleet of small reactors built around the company's expertise in generating power for Royal Navy submarines. With the escalating costs and timing of the £18bn Hinkley Poi
Read moreFriday broker round-up
26th Feb 2016 14:05
(ShareCast News) - Burberry: Nomura upgrades to buy with a target price of 1500p. Anglo American: Canaccord downgrades to sell with a target price of 350. South32: UBS reiterates neutral with a target price of 67p, Citigroup stays at buy, 75p target and Exane BNP Paribas keeps at outperform, 70p ta
Read moreCurrency headwinds burn BAT's revenue
25th Feb 2016 07:17
(ShareCast News) - Currency headwinds have eroded British American Tobacco's full year revenue for 2015. The FTSE 100 tobacco giant said on Thursday revenue had dropped from £13.9bn in 2014 to £13.1bn, a 6.2% decline, however it had risen 5.4% to £14.7bn at constant currency rates. That has led the
Read moreImperial Tobacco may become a take-over target, Citi says
15th Dec 2015 11:25
(ShareCast News) - There was a "material chance" that Imperial Tobacco would become a buy-out target, more so given its relatively low exposure to risks from emerging markets, Citi said. It also enjoyed rapidly growing dividends and its shares were trading on a low price-to-earings multiple, analyst
Read moreCigarette plain packaging to cost Big Tobacco USD5bn a year, says Goldman Sachs
10th Dec 2015 11:15
(ShareCast News) - Goldman Sachs warned Big Tobacco it sees a $5bn annual profit hit from the impact of plain packaging on cigarettes, which the UK will impose next March and other countries following Australia's lead in the next few years. As a result of the long-term impact, Goldman downgraded
Read moreBig Tobacco to take on plain packaging in court
9th Dec 2015 10:55
(ShareCast News) - A battle of two Goliaths is due to take place this week, as Big Tobacco takes on Westminster and its proposed plain packaging law. The regulation, which would come into force in May 2016, would see the ubiquitous shelves of colourful cigarette brands replaced with graphic pictoria
Read moreRussian parliament to debate raising of smoking age
7th Dec 2015 13:17
(ShareCast News) - Reports that Russia could raise the smoking age to 21 from 18 have hit the shares of some big tobacco companies. London-listed cigarette makers Imperial Tobacco and British American Tobacco have so far remained on the up, while US-listed Philip Morris fell more than 2.4% in pre-ma
Read moreThursday newspaper round-up: Nissan, British American Tobacco, TSB
3rd Dec 2015 07:28
(ShareCast News) - The future of Britain's largest car plant, Nissan in Sunderland, is under threat in an increasingly toxic row between the Japanese company and the French government. More than 7,000 jobs are at risk, as well as hundreds more at Nissan's design facilities in Paddington, central Lon
Read moreBAT signs vapour collaboration with RJ Reynolds Tobacco Co
1st Dec 2015 13:20
(ShareCast News) - British American Tobacco has signed a vapour products technology-sharing agreement with RJ Reynolds Tobacco Company, which is a subsidiary of Reynolds American Inc. The agreement provides a framework for collaboration and mutual cross-licensing of the parties' vapour product techn
Read moreBritish American Tobacco suffers after BBC bribery accusations
30th Nov 2015 16:03
(ShareCast News) - British American Tobacco has been accused of bribing politicians and civil servants in a BBC television documentary, which could leave it open to prosecution and major fines. The Panorama investigation alleged that the company bribed government officials in a number of East Africa
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