Broker tips: Imperial Tobacco, G4S, BAE Systems
20th Nov 2015 14:54
(ShareCast News) - Regardless of whether the speculation swirling around a possible bid for Imperial Tobacco from British American Tobacco pans out or not, the organic story and valuation argument are "compelling enough", Chris Whitman at Whitman Howard said in a research note sent to clients. Whitm
Read moreSunday share tips: BHP Billiton, Card Factory, Santa Rally stock-picks
1st Nov 2015 14:18
(ShareCast News) - Sell shares in BHP Billiton, said the Sunday Times' Inside the City column. A recent $6.5bn fundraising was arranged as a 'hybrid' issue as the company seeks to protect its A+ rating. The mining giant said it will use the cash for working capital and to pay down debt, but some vie
Read moreLondon close: Stocks rally ahead of Fed's interest rate decision
28th Oct 2015 16:14
(ShareCast News) - The London stock market closed higher on Wednesday before the Federal Reserve's decision on interest rates. The FTSE ended up 72.53 points to 6,437.80. The Fed releases its policy decision at 1800 GMT and is expected to keep rates at 0.25% amid low inflation and concerns about th
Read moreFTSE 100 movers: Glaxo jumps on results; Meggitt tumbles after profit warning
28th Oct 2015 13:10
(ShareCast News) - London's FTSE 100 index was up 0.8% to 6,415.65 at 1400 GMT as investors awaited the Federal Reserve's policy announcement, which is due after the European close. Pharmaceuticals giant GlaxoSmithKline was the standout gainer after its third-quarter revenue and core earnings per sh
Read moreBritish American Tobacco revenue hit by currency movements
28th Oct 2015 07:43
(ShareCast News) - British American Tobacco posted a drop in sales for the first nine months of the year as the company was hit by currency movements, which it expects to have an impact on operating profit for the year. Revenue in the nine months ended 30 September was down 6.5% at current exchange
Read moreLondon pre-open: Stocks set to rise sharply at start of trading
16th Oct 2015 07:38
(ShareCast News) - Stocks are expected to start the session comfortably higher thanks to the strong showing put in by Wall Street overnight. The Footsie is being called to rise by as much as 57 points to 6,338.67 at the start of trading. As of 07:24 the Shanghai Stock Exchange's Composite Index was
Read moreBritish American Tobacco poised to take Brazil's Souza Cruz private
16th Oct 2015 07:11
(ShareCast News) - British American Tobacco has purchased the final necessary number of shares in Brazilian subsidiary Souza Cruz, the country's largest cigarette maker, to enable it to take the company private in coming months. An auction launched by wholly owned subsidiary British American Tobacco
Read moreBroker tips: British American Tobacco, Greene King, Mitchells & Butlers, Glencore
23rd Sep 2015 14:37
(ShareCast News) - The medium-term outlook for British American Tobacco is "strong" but the firm is facing earnings downgrades from analysts related to movements in foreign exchange markets and price roll-backs in Australia, one large broker said to clients after the company's Investor Day. Nonethel
Read moreBritish American Tobacco on a roll with innovation, Citi says
23rd Sep 2015 13:34
(ShareCast News) - The medium-term outlook for British American Tobacco is "strong" but the firm is facing earnings downgrades from analysts related to movements in foreign exchange markets and price roll-backs in Australia, one large broker said to clients after the company's Investor Day. Nonethel
Read moreBritish American Tobacco to buy Polish e-cigarette company
22nd Sep 2015 10:21
(ShareCast News) - British American Tobacco has signed a conditional agreement to buy Polish e-cigarette company CHIC Group for an undisclosed sum. The CHIC Group has 800 points of sale in Poland, a dedicated e-liquids production facility, a modern research and development centre and Polish e-cigare
Read moreBroker tips: SSE, British American Tobacco, SABMiller
17th Sep 2015 17:14
(ShareCast News) - Energy company SSE has been downgraded by Credit Suisse due to lower gas prices and recent government moves increasing the risk around renewable subsidies. Credit Suisse cut what it admitted was a "solid performer" to a 'neutral' recommendation, with its target price trimmed to 1,
Read moreMorgan Stanley bumps up BAT price target ahead of investor update
17th Sep 2015 14:26
(ShareCast News) - Morgan Stanley upgraded its price target for British American Tobacco to 3,750p from 3,650p, keeping the stock at 'equalweight' as it took a look at the tobacco sector. MS said improved 2015 results in global tobacco reinforce its confidence in long-term targets and, despite ongoi
Read moreTobacco industry 'looking forward'
17th Sep 2015 12:56
(ShareCast News) - The tobacco industry is looking to the future despite regulation in all its forms. The Global Tobacco and Nicotine Forum is taking place in Bologna, Italy this week. Speakers included chief executives, R&D heads, regulatory experts, World Trade Organisation lawyers and health cam
Read moreBritish American Tobacco makes offer for Souza Cruz
10th Sep 2015 13:17
(ShareCast News) - British American Tobacco's Brazilian-controlled company has launched a public tender offer to buy up to all of the 24.7% of Souza Cruz it does not already own, and to delist the group from the stock exchange. The news comes after the Brazilian regulator approved BAT's offering doc
Read moreBAT signs agreement with Aberdeen on Souza Cruz
20th Aug 2015 14:47
(ShareCast News) - British American Tobacco confirmed on Thursday that it has signed a deal with Aberdeen Asset Management relating to its proposed offer to acquire up to all of the 24.7% of Brazilian tobacco company Souza Cruz shares it does not currently own and to delist the company. Under the te
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