S&P keeps Tesco at BB+, but outlook unchanged at 'stable'
1st Feb 2017 16:13
(ShareCast News) - Analysts at Standard&Poor's hailed Tesco's announcement of an imminent cash and shares merger with food wholesaler Booker. Nonetheless, the grocer's high pension deficit and intention to resume paying dividends in the fiscal year ending February 2018 meant its quality as a debtor
Read moreBooker LFL sales up 3.2% in third quarter, on track for full year
12th Jan 2017 08:26
(ShareCast News) - FTSE 250 food wholesaler Booker Group posted a 3.2% increase in third-quarter group like-for-like sales on Thursday and said it remains on course to meet expectations for the year to 24 March. In the 16 weeks to 30 December, total sales were up 2.9%%, with tobacco sales down 1.3%
Read moreMonday broker round-up
9th Jan 2017 17:00
(ShareCast News) - Reckitt Benckiser: Berenberg reiterates hold with a target price of 7300p. EnQuest: Jefferies upgrades to buy with a 64p target. Booker: HSBC stays at buy with a 220p target. Anglo American: Barclays reiterates overweight with a 350p target. ICAP: HSBC upgrades to buy with a 52
Read moreWednesday broker round-up
14th Dec 2016 17:55
(ShareCast News) - Hargreaves: Barclays reiterates overweight with a target price of 1560p. Barclays: Exane BNP Paribas downgrades to neutral, 245p target. Domino's Pizza: Berenberg reiterates buy with a 425p target. Booker: Goldman Sachs reiterates buy with a 200p target. Paysafe: Barclays keeps
Read moreFriday newspaper share tips: Booker, Premier Oil, Hargreaves Lansdown
14th Oct 2016 15:19
(ShareCast News) - Shares in Booker are worth holding onto notwithstanding the high multiple on which they are trading, The Times's Tempus said. Since company boss Charles Wilson took the helm in 2005, the shares arrested a decline that saw them drop to less than 8p in 2007 to then recover to 185p a
Read moreFriday broker round-up
14th Oct 2016 09:46
(ShareCast News) - Acacia: Jefferies keeps at buy with a target price of 610p. Tesco: HSBC reiterates hold, 195p target. Weir: UBS downgrades to neutral with a 1830p target. Sky: HSBC reiterates hold with a 820p target. Playtech: UBS keeps at buy with a 1060p target. Jupiter: JP Morgan keeps at
Read moreBooker interim sales and profit up, on track for FY
13th Oct 2016 07:54
(ShareCast News) - FTSE 250 food wholesaler Booker, which owns Londis and Budgens, reported a jump in interim sales and profit as it hiked its dividend and expressed confidence in achieving its full-year expectations. In the 24 weeks to 9 September, total sales were up 13% to £2.5bn, with pre-tax
Read moreTuesday broker round-up
20th Sep 2016 15:46
(ShareCast News) - Petra Diamonds: Citigroup reiterates buy with a target price of 120p; JP Morgan reiterates overweight with a 139p target. Bovis Homes: UBS upgrades to neutral, 910p target. Electrocomponents: Credit Suisse keeps at underperform with a 300p target. Easyjet: HSBC keeps at reduce w
Read moreBooker sales speed up in second quarter helped by Budgens and Londis
15th Sep 2016 07:40
(ShareCast News) - Sales accelerated in the second quarter for wholesaler and retailer Booker, keeping the company on course to meet full year targets. Total sales excluding tobacco grew 15.5% in the 12 weeks to 9 September, compared to the same period last year, speeding up from the growth of 11.7%
Read moreWednesday broker round-up
10th Aug 2016 10:11
(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with
Read moreFood price deflation hits Booker Group sales growth
6th Jul 2016 07:39
(ShareCast News) - Investors in food wholesaler Booker Group were preparing for their annual general meeting on Wednesday morning, with chief executive Charles Wilson releasing his trading update ahead of the event. The FTSE 250 firm saw total group sales rise by 10% in the 12 weeks to 17 June, in w
Read moreGoldman takes down price targets on UK General Retailers
27th Jun 2016 12:49
(ShareCast News) - Goldman Sachs cuts its target prices on General Retailers in the UK on expectations for lower non-food retail spending in 2017, to reflect movements in foreign exchange rates and on the basis of a now higher estimated UK equity risk premium. Combined, those three factors drove an
Read moreFriday broker round-up
10th Jun 2016 15:10
(ShareCast News) - Poundland: HSBC reiterates hold with a target price of 160p. Glencore: JP Morgan keeps at neutral with a 150p target. Home Retail: HSBC stays at hold with a target price of 165p. Booker: HSBC keeps at buy with a target of 230p. Safestore: Berenberg stays at buy with a target pr
Read moreFriday broker round-up
27th May 2016 16:29
(ShareCast News) - B&M European Value: Retail Jefferies reiterates buy with a 330p target and Citigroup keeps at buy with a target of 345p. Standard Life: Jefferies stays at buy with a 403p target. United Utilities: JP Morgan reiterates overweight with a target price of 1020p and Exane BNP Paribas
Read moreBooker full year profits up on strong sales
19th May 2016 08:27
(ShareCast News) - Full year pre-tax profits at food wholesaler Booker Group rose 9% to £150.8m on the back of a 5% increase in revenues to £4.9bn. Non-tobacco sales were up 6.3% and tobacco sales up 2.2%. Like-for-like total sales fell 1.9%. Basic earnings per share were 7.24 pence, up from 6.73 p
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