MARKET TALK: Panmure Raises Bunzl Price Target
22nd Jun 2010 08:44
0744 GMT [Dow Jones] Panmure Gordon raises Bunzl (BNZL.LN) price target to 769p from 738p following the company's solid trading update. The update confirms further progress in the company's dominant US operations as it wins further growth from existing customers, sys Panmure. It also notes the favor
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
22nd Jun 2010 08:44
0658 GMT [Dow Jones] Whitbread's (WTB.LN) 1Q update is strong, says Shore Capital, with like-for-like sales ahead by 7.6% in the three months to June 3, 2010. Shore says the strong performance reflects excellent like-for-like growth of 10.5% at Premier Inn, 3.6% at Pub Restaurants and the continued
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 08:44
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0744 GMT [Dow Jones] Panmure Gordon raises Bunzl (BNZL.LN) price target to 769p from 738p following the company's solid tradi
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -3-
22nd Jun 2010 08:44
0648 GMT [Dow Jones] Barclays Capital initiates coverage of Centrica (CNA.LN) at underweight, with 295p price target. Says Centrica has outperformed the utilities sector by around 25% over the last 12 months. Says the outperformance has been due to an improving outlook for the company's downstream b
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
22nd Jun 2010 08:16
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0716 GMT [Dow Jones] Seymour Pierce downgrades Bunzl (BNZL.LN) to hold from buy, as the shares have reached its target pri
Read moreMARKET TALK: Seymour Pierce Downgrades Bunzl To Hold
22nd Jun 2010 08:16
0716 GMT [Dow Jones] Seymour Pierce downgrades Bunzl (BNZL.LN) to hold from buy, as the shares have reached its target price. Says the shares have had a strong run and are now trading on 13.1x 2010 earnings. Notes the company's 2Q trading update indicates there has been some progress since 1Q. Says
Read moreLondon pre-open: Budget looms
22nd Jun 2010 07:37
London's top stock look set to open around 40 points lower ahead of the coalition government's eagerly awaited emergency budget which will be revealed around lunchtime. Chancellor George Osborne has been talking tough since taking office, but now he will have to play his hand and analysts will spe
Read moreMARKET TALK: Bunzl Trading Statement In Line - Analyst
22nd Jun 2010 07:30
0630 GMT [Dow Jones] Bunzl's (BNZL) trading statement is in line with expectations, says an analyst. Notes in particularly the company's success in winning business in the US is good news. Also sees better margins in the UK and Ireland, although revenue in the first half is below the same period las
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 07:30
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0630 GMT [Dow Jones] Bunzl's (BNZL) trading statement is in line with expectations, says an analyst. Notes in particularly th
Read moreBunzl Sees FY Trading In Line With Views, Revenue Growth 2%
22nd Jun 2010 07:09
LONDON (Dow Jones)--Bunzl PLC (BNZL.LN), an international distribution and outsourcing Group, said Tuesday that overall, trading is in line with full year expectations with Group revenue growth of 2%. MAIN FACTS: -Group operating margin has improved compared to the same period in 2009 as a r
Read moreBunzl sees revenue growth of 2%
22nd Jun 2010 07:01
Distribution and outsourcing group Bunzl said overall trading is in line with full year expectations with revenue growth of 2%. Operating margin has improved in the six months ending 30 June compared to the same period in 2009 as a result of increases in the UK & Ireland and the Rest of the Worl
Read moreMARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
Read moreRPS boss cashes in
18th May 2010 16:51
Chief executive Dr Alan Hearne has raised nearly £1m by selling shares in environmental consultancy RPS. Dr Hearne has sold 470,000 shares at an average price of 209.588p each. That leaves him with 15,130 RPS shares and £985,000 in cash. In March, Dr Hearne raised £222,434 from a share disposal
Read moreFTSE 100 movers: Ex-dividend adjustments knock market
5th May 2010 16:00
Footsie is making an attempt to recover this afternoon but it remains well down. This is despite a recovery in the BP share price after Panmure Gordon upgraded the oil company from a sell to a buy. BP shares went ex-dividend today so the rise is even more impressive. The quarterly dividend is 9.22
Read moreThursday tips round-up: Bunzl, FirstGroup, Autonomy
22nd Apr 2010 06:09
Bunzl, which distributes a variety of products, including food packaging and catering equipment, posted what read as a rather dull update yesterday. Not that dull is bad: when dull means improving margins following cost reductions, dull is pretty good. Indicators are steadily turning positive, and,
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