British American Tobacco reshuffles regional directors
31st Oct 2012 14:40
Cigarette and tobacco giant British American Tobacco has announced that it is losing two of its Regional Directors at the end of the year, although replacements for both of them have been found. David Fell, the Regional Director of Asia Pacific, who has been with the company for 23 years, will be
Read moreThursday broker round-up - UPDATE
25th Oct 2012 08:20
APR Energy: Seymour Pierce upgrades from reduce to hold, target left at 650p. ASOS: Seymour Pierce raises target from 1,900p to 2,350p, hold rating kept. AstraZeneca: Jefferies keeps hold rating and 3,00p target. Berkeley Group: Goldman Sachs upgrades to conviction buy, target lifted from 1,950p
Read moreLondon close: Stocks rebound despite mixed economic data
24th Oct 2012 16:54
- Boeing, Facebook and SAP lift sentiment - Stocks rebound after heavy losses yesterday - Chinese and Eurozone data paints mixed picture UK stocks finished in positive territory on Wednesday, albeit only just, after some decent corporate earnings offset some mixed economic data from China and the E
Read moreLondon midday: Markets volatile after mixed economic data
24th Oct 2012 11:19
- Stocks react to mixed economic data - FOMC conclusion eyed - ARM extends gains after Q3 results and SAP statement The FTSE 100 was swinging between gains and loss on Wednesday morning as contrasting economic data from China and the Eurozone painted a mixed picture of the global economy. Markets
Read moreBroker tips: BATS, Experian, Gold miners...
24th Oct 2012 11:14
Below-consensus third-quarter results from British American Tobacco (BATS) have led Panmure Gordon to cut its price target for the stock. Nevertheless, a 'buy' rating for BATS has been retained after its 2.5% underperformance against the FTSE All-Share Index. The broker says that the valuation - th
Read moreBroker snap: Panmure pares forecasts for BATS after Q3 miss
24th Oct 2012 10:47
Below-consensus third-quarter results from British American Tobacco (BATS) have led Panmure Gordon to cut its price target for the stock. Revenue growth for the nine months to September 30th came in at 4% in constant currency terms, missing Panmure's assumption that growth would have accelerated fr
Read moreWednesday broker round-up
24th Oct 2012 09:25
African Barrick Gold: Investec raises target from 485p to 530p, hold rating kept. Aggreko: Seymour Pierce maintains buy rating and 2,500p target. AstraZeneca: Panmure Gordon keeps hold rating and 3,000p target. British American Tobacco: Jefferies keeps buy rating and 3,730p target; Panmure Gordon
Read moreLondon open: Markets flat despite Chinese data
24th Oct 2012 08:30
- Earnings and Eurozone concerns weigh on sentiment - BATS and IHG disappoint early on - Miners gain on upbeat Chinese data UK stocks failed to rebound from yesterday's steep sell-off despite some upbeat economic data out from China overnight, as investors continued to digest some disappointing cor
Read moreLondon pre-open: FTSE to get a boost from Chinese data
24th Oct 2012 07:32
City sources predict the FTSE 100 will open up eight points from yesterday's close of 5,798, boosted by stronger-than-expected manufcaturing data from China, which it is hoped will do some damage control on the huge losses seen in the US - particularly on the Dow Jones - last night. US stocks were
Read moreFX a drag on top line at BATS
24th Oct 2012 07:03
Cigarette and tobacco giant British American Tobacco (BATS) managed to keep its underlying rate of revenue growth stable in the third quarter, though volumes fell as expected. Group revenue for the nine months to the end of September at constant currency grew by 4%, in line with first-half growth,
Read moreWednesday preview: Reckitt and BATS to update on third-quarter trading
23rd Oct 2012 16:15
Consumer products giant Reckitt Benckiser is due to report its third-quarter results on Wednesday. The company, whose 'powerbrands' include Vanish, Harpic, Cillit Bang and Finish, is expected to report a 3.8% organic sales growth rate on the guided metric (excluding RB Pharmaceuticals and including
Read moreTuesday broker round-up
23rd Oct 2012 09:23
Aggreko: UBS cuts target from 2,750p to 2,550p, buy rating kept. ARM Holdings: Investec keeps buy rating and 800p target. Avacta: Panmure Gordon keeps buy rating and 1.75p target. AZ Electronic: Canaccord Genuity ups target from 360p to 376p, buy rating kept. Babcock: JPMorgan Cazenove ups targe
Read moreLondon close: Stocks decline after Caterpillar earnings
22nd Oct 2012 16:28
- Caterpillar disappoints with guidance - Kenny-Merkel statement apparently overinterpreted -DPA - BP falls after confirming Rosneft deal After a brief stint in positive territory, UK stocks fell into the red by the close on Monday after some disappointing guidance for US economic bellwether Caterp
Read moreSector movers: British American and Imperial light up tobacco sector
22nd Oct 2012 15:19
Tobacco stocks were performing well on Monday afternoon with sector giants British American and Imperial lighting up the category. The stocks were up 0.74% and 0.79%, respectively, by 15:44 in London. One possible reason for the lift could be a broker note out from Credit Suisse on US peer Philip
Read moreTuesday broker round-up - UPDATE
16th Oct 2012 08:14
Amara Mining: Seymour Pierce keeps buy rating. ASOS: Morgan Stanley initiates coverage with overweight rating and 3,000p target. Bellway: Panmure Gordon raises target from 954p to 957p, hold rating kept; Jefferies keeps hold rating and 1,004p target. British American Tobacco: Nomura keeps buy rat
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