London open: Global concerns dent stocks early on
28th Aug 2012 08:39
- Japanese concerns weigh on sentiment early on - G4S slips after first-half results, job cuts - Kingfisher lower after broker downgrade. The FTSE 100 slipped on Tuesday morning following a long weekend on concerns over the Japanese economy and uncertainty in the Eurozone. "Another big factor in t
Read moreBunzl looking a bit toppy, despite solid interims
28th Aug 2012 08:38
Bunzl is not a particularly glamorous firm, but it has been doing well carrying out those tricky but dull activities that companies like to outsource - purchasing, storing and transporting non-food consumable products. The shares hit a 52-week high earlier this month, which may account for why ther
Read moreTuesday broker round-up
28th Aug 2012 08:19
Afren: Credit Suisse downgrades to neutral, target cut from 185p to 170p. BHP Billiton: Morgan Stanley cuts target from 2,280p to 2,180p, overweight rating kept. Bunzl: Seymour Pierce raises target from 1,000p to 1,055p, hold recommendation maintained. Cairn Energy: Credit Suisse cuts target from
Read moreLondon pre-open: Small decline expected in early trading
28th Aug 2012 07:30
City sources predict the FTSE 100 will open down three points from Friday's close of 5,777 following the bank holiday weekend and details which emerged last night in relation to the European Central Bank, which is said to be 'still working' on its bond-buying programme. Casting a downbeat mood acr
Read moreBunzl hungry for more acquisitions
28th Aug 2012 07:07
Bunzl, the international distribution and outsourcing group, saw its North America and Rest of the World divisions lead the way in the first half of the year. Headline profit before tax in the six months ended June 30th rose 9%, or 10% at constant exchange rates, to £151.7m from £138.8m the year b
Read moreBunzl snaps up Swiss distribution firm
4th Jul 2012 15:46
Distribution and outsourcing firm Bunzl has acquired MMH Holding, which trades under the name Distrimondo, the Swiss group involved in the distribution of food-service disposables and cleaning and hygiene products. Distrimondo will be acquired from Markus Meier, Daniel Meier and Reto Hofmann for an
Read moreWednesday broker round-up
27th Jun 2012 09:20
Alliance Pharma: Investec downgrades from buy to hold, target slashed from 34p to 25p. APR Energy: Credit Suisse keeps outperform rating and 1,300p target. Aviva: Jefferies downgrades from buy to hold, target cut from 386p to 281p. Avanti Comms: Jefferies retains buy rating and 600p target. Brit
Read moreBunzl on track and feeling flush
27th Jun 2012 07:20
Bunzl, the international distribution group, said it had been boosted by recent acquisitions and was trading in line with expectations. In a trading update on the last six months, the firm said it had seen revenue grow by around 7% due to underlying revenue growth of about 4%, as well as the impact
Read moreBunzl expands food services with triple purchase
2nd May 2012 07:18
Distribution and outsourcing group Bunzl has completed a trio of acquisitions, for undisclosed amounts, in the US, Israel and Australia. FIrstly, the firm has bought Chicago-based firm FoodHandler, which supplies disposable globs and other food-handling products to the food service sector in the US
Read moreTesco director shows his faith
24th Apr 2012 15:31
Non-Executive Director of Tesco, Stuart Chambers, has shown his support for the supermarket giant just one week after the company said it would pump one billion pounds into a revamp of its UK operations. Chambers, 55, who was appointed to his post in 2010, bought up 19,500 shares at 321.35p each f
Read moreThursday broker round-up - UPDATE
19th Apr 2012 09:44
Afren: UBS raises target from 150p to 160p, buy rating unchanged. African Barrick Gold: Investec cuts target from 562p to 404p, hold kept. APR Energy: UBS downgrades from neutral to sell, target slashed from 1,110p to 860p. BHP Billiton: Credit Suisse reiterates outperform recommendation and 2,46
Read moreLondon midday: Investors show caution after yesterday's strong rise
18th Apr 2012 11:46
- Ex-div stocks weigh on Footsie - MPC minutes: Miles calls for more QE - Eurozone swings to deficit in February - UK jobless rate falls for first time since May 2011 London's FTSE 100 index was trading slightly lower by Wednesday lunchtime following a strong showing from the benchmark yesterday, a
Read moreWednesday broker round-up - UPDATE
18th Apr 2012 09:12
ARM Holdings: Morgan Stanley maintains overweight rating. Ashtead: Jefferies maintains buy rating and 300p target. BHP Billiton: Barclays Capital maintains overweight recommendation and 2,400p target. British American Tobacco: Nomura raises target from 3,360p to 3,390p, buy recommendation maintai
Read moreLondon open: Stocks flat before MPC minutes
18th Apr 2012 08:22
- Supermarkets rise after Tesco's results - BHP, Fresnillo lead miners higher - Markets await MPC minutes London's blue chips opened broadly flat on Wednesday morning despite a strong rise by supermarket and mining stocks. Stocks rose strongly on Tuesday, with the Footsie gaining nearly two per ce
Read moreBunzl on the prowl for more performance-boosting acquisitions
18th Apr 2012 07:25
International distribution and outsourcing group Bunzl said trading in 2012 has been strong, with the group seeing solid top line growth and an improvement in the group operating margin. Revenue in the first quarter of 2012 is up 7%, boosted by recent acquisitions. Organic revenue growth clocked in
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