Booker gets final green light on Makro deal
19th Apr 2013 07:25
Investors at food wholesaler Booker breathed a sigh of relief on Friday morning after the Competition Commission (CC) finally gave the all-clear to its acquisition of cash-and-carry peer Makro. The CC had "provisionally decided" to approve the purchase back in March but the company was waiting on a
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreBooker lifts sales
4th Apr 2013 07:41
UK cash and carry chain Booker said total fourth quarter sales increased, despite a challenging environment, as strong demand from independent convenience stores, caterers and restaurants continues. Total sales, excluding Makro, for the 12 weeks to March 29th 2013 rose by 2.3% on the same period
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreLondon close: US labour data boosts stocks late on
14th Mar 2013 16:33
Global stock markets registered decent gains on Thursday as US labour-market figures continued to beat forecasts, pushing the S&P 500 in New York close to an all-time high. The S&P 500 was trading around 1,560 by the close of trade in London (12:30 in New York), just a few points from the record-hi
Read moreFTSE 250 movers: Ocado rises on potentional tie-up with Morrison
14th Mar 2013 16:12
The market celebrated Ocado's news of a potential partnership with Morrison. Richard Curr from Prime Markets said that the deal could be a 'game changer' for the firm. The online grocer also revealed 14.4 per cent rise in first-quarter sales in a separate statement. After signalling higher-than-ex
Read moreLondon midday: Stocks make gains ahead of EU summit
14th Mar 2013 11:34
Strong gains from Aggreko, Morrison, Ocado and Home Retail pushed UK stocks higher on Thursday morning offsetting weakness in the heavyweight mining sector, as traders awaited the start of the EU summit and economic data from the States later on. US banking giant Goldman Sachs yesterday hiked its n
Read moreLondon open: FTSE 100 rises early on as Morrison jumps
14th Mar 2013 08:36
Strong gains for Prudential, Morrison and Aggreko helped push London's benchmark index into positive territory on Thursday morning, as traders showed optimism following recent bullish forecasts. US banking giant Goldman Sachs hiked its near-term target prices for the FTSE 100, saying that the index
Read moreBooker finally secures cash-and-carry chain Makro
14th Mar 2013 08:12
Wholesale group Booker is to finally get its hands on cash and carry chain Makro after the Competition Commission (CC) gave the green light on the acquisition which completed in July last year. Though the final report on the investigation is not expected until April 24th, the CC "provisionally dec
Read moreThursday broker round-up UPDATE
14th Mar 2013 07:11
Amara Mining: After having been under review, Cantor Fitzgerald reinitiates coverage with a price target of 81p and a buy recommendation. Antofagasta: Citigroup shifts target price from 990p to 1000p, but retains its sell recommendation. Ashtead Group: Investec raises target price from 475p to 700
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreFriday broker round-up UPDATE
1st Feb 2013 07:55
Afren: HSBC shifts target price from 190p to 200p, while reiterating an overweight rating. Antofagasta: Exane BNP reduces target price from 1500p to 1350p maintaining an outperform rating. Antrim Energy: Westhouse Securities lowers target price from 70p to 65p and reiterates a buy recommendation.
Read moreBooker lifts third quarter sales
17th Jan 2013 07:28
UK cash and carry chain Booker reported an increase in third quarter sales and added that the outlook for profits and net cash for the year remains in line with expectations. Total sales, excluding Makro, rose by 3.1% for the 16 weeks to January 4th 2013 compared to the same period last year. T
Read moreFriday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreBooker drops on OFT referral
8th Nov 2012 16:27
The UK's biggest cash and carry chain, Booker Group, has seen its share price suffer after revealing that the Office of Fair Trading has decided to refer the company's completed acquisition of Makro UK to the Competition Commission. In a statement the firm said: "Booker looks forward to working wi
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