Shorecap sees Bunzl 2014 earnings upgrade of up to five per cent
24th Feb 2014 09:39
Shorecap said it plans to upgrade its 2014 forecasts by up to five per cent for Bunzl after the company's 2013 profits came in above expectations. The broker maintained its 'buy' stance on the stock with a target price of 1483p. "A strong performance was delivered in all metrics. Revenues at £6.1
Read moreLondon open: Chinese data pushes stocks into the red
24th Feb 2014 08:20
- Rate of Chinese property price growth slows - Carney dismissed banks' capital requirement concerns - Bunzl jumps on strong results techMARK 2,898.44 +0.14% FTSE 100 6,823.97 -0.21% FTSE 250 16,449.66 -0.07% Disappointing data out from China overnight pushed the FTSE firmly into the red this mor
Read moreMonday broker round-up UPDATE
24th Feb 2014 08:15
Associated British Foods: Numis downgrades from reduce to sell with a target price of 2240p. Panmure Gordon raises target price from 2500p to 2760p and maintains a hold recommendation. Jefferies increases target price from 2450p to 2600p and keeps a hold recommendation. Aviva: JP Morgan shifts targ
Read moreBunzl profits boosted by acquisitions
24th Feb 2014 08:00
Global outsourcing and distribution group Bunzl said it lifted 2013 operating profit by 18 per cent to 414m pounds boosted by acquisitions, but warned that adverse exchange rate movements could hit future earnings if they remained at current levels. Pre-tax profits rose to £372.2m, an increase of 1
Read moreLondon pre-open: FTSE drops after Chinese property data disappoints
24th Feb 2014 07:20
- Chinese property growth slower than predicted - Focus on Eurozone CPI reading - Additional 2trn dollar target set by G20 for economic growth The FTSE is set to register a decline early on, dragged by a drop seen in Asia stocks overnight after Chinese property data showed a slower-than-expected ri
Read moreBunzl strengthens position in Europe with multiple acquisitions
24th Feb 2014 07:00
Bunzl, the FTSE 100 distribution and outsourcing giant, has acquired businesses in Germany and the Czech Republic. The group purchased German firm Bäumer GmbH and its related company Protemo GmbH, which are focused on the distribution of cleaning and hygiene and healthcare supplies to end users in
Read moreFootsie flat as MPC raises GDP forecasts sharply
12th Feb 2014 17:26
- Stocks track mixed performance on Wall Street - Sterling and long-term yields rise after Inflation Report - Market commentary divided on outlook for Bank Rate - Insurers and miners lead gains techMARK 2,831.18 -0.18% FTSE 100 6,675.03 +0.04% FTSE 250 16,079.18 +0.01% Stocks underperformed equity
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreBunzl expands safety division with three acquisitions
9th Jan 2014 08:01
Bunzl, the FTSE 100 international distribution and outsourcing group, unveiled three new acquisitions which it made towards the end of last year. The company made the acquisitions in the safety sector across three different business areas and took its total acquisition spend for the year to around
Read moreLondon pre-open: Flat start ahead of BoE and ECB decisions
9th Jan 2014 07:24
City sources predict the FTSE 100 will open unchanged from yesterday's close of 6,721.78 as investors await fresh direction after the US ended last night's session mixed. Today will see the Bank of England most likely leave its monetary policy unchanged this month, which, as Craig Erlam, analyst a
Read moreFriday broker round-up UPDATE
13th Dec 2013 09:36
African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered. Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell. Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Mor
Read moreThursday tips round-up: FirstGroup, Bunzl
12th Dec 2013 10:31
Sometimes acquisitions can go terribly wrong. That's what happened after First Group's debt-financed purchase of US outfit Laidlaw, in 2007. That has been reflected in the company's share price, which has been off by 80 per cent since then, while rival Stagecoach has seen its stock price appreciate
Read moreBunzl confirms numbers on track for full year
11th Dec 2013 07:12
Distribution group Bunzl confirmed full-year revenue and margins figures were still in line with recent guidance, as it approached its year end. As at its October third-quarter results, the FTSE 100 company said annual revenue growth at constant exchange rates is expected to be around 12%, with un
Read moreThursday broker round-up UPDATE
5th Dec 2013 08:15
AMEC: Canaccord Genuity raises target price from 1125p to 1300p upgrading from hold to buy. AZ Electronic Materials: Canaccord Genuity increases target price from 354p to 404p, while downgrading from buy to hold. BAE Systems: Deutsche Bank takes target price from 415p to 425p keeping a hold recomm
Read moreWednesday broker round-up UPDATE
4th Dec 2013 09:21
Afren: FinnCap lowers target price from 170p to 165p and downgrades to hold. Amlin: Espirito Santo upgrades to buy with a target price of 509p. Betfair: Citi raises target price from 1150p to 1225p maintaining a buy recommendation. Brewin Dolphin: Canaccord Genuity increases target price from 285
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