Friday broker round-up UPDATE
18th Jul 2014 07:55
Barclays: Credit Suisse cuts target price from 275p to 235p retaining a neutral rating. Barratt Developments: Liberum Capital reduces target price from 468p to 387p and downgrades to hold. Bellway: Liberum Capital reduces target price from 1900p to 1764p, while leaving its buy recommendation uncha
Read moreBreedon Aggregates execs top up stakes after strong H1
17th Jul 2014 15:27
Three directors at Breedon Aggregates raised their holdings in the company on Thursday, the same day that it impressed the market with a better-than-expected set of interim results. The board members used a recent dip in the stock to snap up the shares at a price of 39p each, after it hit an all-ti
Read moreMonday broker round-up UPDATE
2nd Jun 2014 10:24
Anglo Pacific: FinnCap places both its target price (prev.: 216p) and its hold recommendation under review. Associated British Foods: Berenberg increases target price from 2600p to 3060p, while maintaining its hold recommendation. Barr (AG): Numis moves target price from 612p to 624p retaining a h
Read moreNumis upgrades Breedon on growth prospects after bolt-on deal
2nd Jun 2014 10:14
Numis Securities has upgraded its rating for UK aggregates business Breedon from 'add' to 'buy' after Monday's acquisition of North Cotswolds-based peer Huntsman's Quarries, saying that it is an "attractive deal". "There has been much talk of Holcim-Lafarge of late and Breedon is seen as the natura
Read moreBreedon acquires aggregates peer Huntsman's Quarries
2nd Jun 2014 07:48
UK aggregates business Breedon has bought North Cotswolds-based peer Huntsman's Quarries for £15m in cash, expanding in Gloucestershire and into Worcestershire. Huntsman's, which operates a limestone quarry and two ready-mixed concrete plants in Naunton and Evesham, gives Breedon "access to the aff
Read moreTuesday tips round-up: Breedon Aggregates, Cranswick
8th Apr 2014 09:06
The massive merger announcement from Holcim and Lafarge may have an unexpected beneficiary - in the form of Breedon Aggregates. The competition authorities in the UK are expected to approve the merger between those two European rivals, while at the same forcing them to let go of some assets. One pos
Read moreCement giants Lafarge and Holcim plan 'sizeable' disposals for merger - UPDATE
7th Apr 2014 09:34
The second and third largest cement makers in the world, Lafarge of France and Holcim of Switzerland, have planned sizeable divestments in order to push a merger past competition rules. As both companies are leaders in numerous world markets, the $50bn deal faces the prospect of significant anti-tr
Read moreBreedon Aggregates buys Aggregate Industries
4th Apr 2014 07:55
Breedon Aggregates has bought a ready-mix concrete plant from Aggregate Industries to expand operations at Clearwell, in Gloucestershire, UK. Clearwell was one of four quarries acquired from Marshalls in April last year and is among the largest limestone quarries in the region. Breedon said the ac
Read moreBreedon Aggregates blooms as construction sector blossoms
4th Mar 2014 15:27
As the UK construction sector creaked back to life, crushed stone and asphalt group Breedon Aggregates benefitted with underlying pre-tax profits more than doubling last year. Helped by meaningful contributions from two acquisitions completed during the year, the AIM 100 group sold 6.1m tonnes of
Read moreWatchdog rules Breedon may have to sell some plants
6th Feb 2014 13:26
Breedon Aggregates, the UK largest independent aggregates business, saw its shares fall after it said it may have to sell asphalt and ready-mix concrete plants in three areas of northeast Scotland following a probe by the Competition Competition (CC). The CC's investigation focused on the impact o
Read moreWednesday broker round-up UPDATE
27th Nov 2013 09:14
Aviva: Nomura moves target price from 474p to 489p retaining a buy recommendation. Bellway: Numis upgrades to buy with a target price of 1690p. Breedon Aggregates: Jefferies starts with a target price of 42p and a buy recommendation. Britvic: UBS ups target price from 575p to 600p and keeps a neu
Read moreWednesday share tips: Sveren Trent, Breedon Aggregates
27th Nov 2013 08:09
Tuesday's shares price fall in Severn Trent is a bit of a surprise. Its interim results yielded no negative surprises and the company is by design quite stable financially from an investor's point of view. Hence, it is most likely that markets are already eyeing the year of uncertainty ahead as wate
Read moreBreedon bounces back in first half after rocky start
18th Jul 2013 07:56
AIM-listed Breedon Aggregates has blasted back from a rocky start to lift profits by two thirds in the first half of the year. Pre-tax profits were lifted 69% to £6.6m thanks to cost control and better productivity, with revenues rising 21% to £100.2m thanks in part to two months' contribution fro
Read moreBreedon Aggregates reaches deal to buy quarries from Marshalls
12th Apr 2013 07:51
Breedon Aggregates, the largest independent aggregates group in the UK, has reached an agreement to buy certain assets from landscaping specialist Marshalls. This follows an announcement earlier this week that they were in discussions concerning a number of quarries solely supplying aggregates, san
Read moreSector movers: CRH leads construction stocks higher
13th Feb 2013 15:54
Construction and materials stocks were in demand on Wednesday on the back of ambitious plans by President Barack Obama to invest in infrastructure in North America. CRH was among the highest risers in the category today, up 5.1% at 1,425p (a 52-week high) after Obama unveiled a new 'Fix it First' p
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