BBA Aviation boss jettisons incentive plan shares
3rd Apr 2012 16:02
Shares in aviation support service group BBA Aviation are a few pence off their 52-week high, so it was not a bad time for Group Chief Executive Simon Pryce to get shot of a pile of shares awarded under the firm's long term incentive and bonus plans. Pryce jettisoned 323,613 shares at 215.55p each
Read moreFriday broker round-up
23rd Mar 2012 09:23
Aviva: UBS raises target from 380p to 450p, buy rating unchanged. British American Tobacco: Jefferies ups targets from 3,340p to 3,600p, buy recommendation maintained. Bunzl: Jefferies reiterates underperform rating and 845p target. Imperial Tobacco: UBS raises target from 2,545p to 2,745p, buy r
Read moreFriday broker round-up - UPDATE
16th Mar 2012 10:27
4imprint: Peel Hunt keeps buy rating and 345p target. Aegis: Nomura reiterates buy rating and 210p target; HB Markets upgrades from sell to hold. Antofagasta: Jefferies keeps hold and 1,214p target. Bunzl: Goldman Sachs downgrades from neutral to sell, target lifted from 940p to 988p. Diageo: Je
Read moreCable and Wireless Comms CEO stocks up
12th Mar 2012 15:33
Tony Rice, the Chief Executive Officer of Cable and Wireless Commnutications, has bought up a chunk of shares in the firm, taking advantage of the stock's ongoing decreased share price. Rice, who last year earned $1.08m in a basic pay, cash bonuses of $466,000, and $2.6m from the firm's five-year
Read moreFriday tips round up: Bunzl, Man, Xchanging, Psion
2nd Mar 2012 06:50
Questor, in The Telegraph, ponders Bunzl, which supplies things like food packaging and paper plates. It has an odd history, beginning life in modern day Slovakia back in the 1850s as a haberdashery. It's now in the FTSE 100 and going well, up 29% since February last year. Questor says hold as the f
Read moreTuesday tips round-up: Bunzl, Staffline, Microgen...
28th Feb 2012 06:52
In the Times, Tempus is tempted by a scoop of non-food products goliath, Bunzl, whose plastic spoons, bags and cleaning products are in high demand in the US, Brazil and Australia. The company likes to grow by making small acquisitions of family owned companies, the strategy seems to be working, w
Read moreLondon close: Stocks rally after Germany approves Greek bailout
27th Feb 2012 16:57
- Germany approves Greek bailout. - Oil prices threaten to derail economic recovery. - Essar drops 15% after full-year results. UK stocks rallied in afternoon trade after the German parliament voted in favour of the €130bn bailout for Greece. The FTSE 100 surged by over 50 points in the final two h
Read moreFTSE 100 movers: Essar Energy drops on results
27th Feb 2012 14:32
Leading the way lower was India-focused power generation and oil and gas group Essar Energy, after reporting a sharp drop in profits in the 12 months ended December 31st. When accounting for the reversal of a sales tax benefit - due to the Indian Supreme Court ruling against a sales tax deferment -
Read moreLondon midday: Essar, HSBC drag Footsie down 0.85pc
27th Feb 2012 12:04
- Essar, HSBC provide a drag in London. - G20 urges Europe to take action first - Vedanta among the few risers after consolidation plans. London's blue chip index sank to its lowest levels of the day by lunchtime, with banks and miners providing a drag, while Eurozone debt concerns continued to we
Read moreBunzl shrugs off UK lethargy
27th Feb 2012 07:49
Profits at acquisitive distribution and outsourcing firm Bunzl were comfortably ahead of expectations in 2011, with the new bits and the old bits of the company all chipping in with strong performances. Revenue rose 6%, or 7% using constant exchange rates, to £5,109.5m in 2011 from £4,829.6m in 201
Read moreLondon close: Stocks finish lower on macro concerns
14th Feb 2012 16:24
-Banks, miners weigh on Footsie. -Markets digest sovereign downgrades from Moody's. -Investors await Eurogroup meeting tomorrow. UK stocks finished in the red on Tuesday as concerns over the state of the Eurozone continued to weigh on sentiment. Trade was volatile as mid-morning gains on the back o
Read moreFTSE 100 movers: Bunzl in top spot after rating upgrade
14th Feb 2012 13:47
Distribution and outsourcing firm Bunzl was the top of the risers list after JP Morgan upped its recommendation from neutral to overweight on valuation grounds. "We believe that the recent relative underperformance could be a good entry point ahead of FY results on 27 February," the US broker said.
Read moreLondon midday: German ZEW survey provides a boost to UK stocks
14th Feb 2012 11:48
- German ZEW expectations index swings into positive territory. - Moody's downgrades six nations, cuts outlook for three others to negative. - Bunzl, Barclays higher after broker upgrades. After an initial slump on the back of a mass downgrade of European sovereigns by Moody's, a sharp rise was rec
Read moreLondon close: Muted reaction to S&P as Footsie rises 0.4%
16th Jan 2012 16:29
The market reaction to S&P's mass downgrade of nine Eurozone nations was fairly muted on Monday, with the Footsie finishing at its highest levels of the day, as many argue that the downgrades of France and Austria (both rated AAA previously) were already priced in. Meanwhile, the results of the late
Read moreFTSE 100 movers: Carnival falls after cruise ship crash
16th Jan 2012 14:22
Big news on the FTSE 100 today was cruise operator Carnival, which fell 17% after one of its ships grounded off the coast of Italy at the weekend. The company said that the cost of not having the Costa Concordia in service will be between $85m and $95m. The stock was not helped by a downgrade from M
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