Peel Hunt says 'buy' Berendsen despite expected currency hit
19th Dec 2014 11:20
Peel Hunt is advising investors to 'buy' into Berendsen after the textile service company forecast a currency hit to revenue, but said it had improved margins in its key growth businesses. Berendsen, which provides industrial laundry services for hotels, hospitals and work-wear in London and across
Read moreMonday broker round-up UPDATE
3rd Nov 2014 10:47
Aa: Liberum Capital initiates with a target price of 417p and a buy recommendation. Afren: UBS lowers target price from 130p to 115p, keeping a buy recommendation. Anglo American: Nomura reduces target price from 1550p to 1400p, while leaving its neutral rating unaltered. Barclays: Exane ups targe
Read moreFriday broker round-up UPDATE
29th Aug 2014 10:58
Arrow Global: Numis shifts target price from 285p to 287p and leaves its add rating unchanged. Berendsen: Oriel raises target price from 1130p to 1243p keeping a buy recommendation. British Polythene Industries: Investec ups target price from 720p to 750p reiterating a buy recommendation. bwin.pa
Read moreBerendsen H1 profits up but takes hit from currency volatility
29th Aug 2014 09:33
Support services group Berendsen reported lower half-year revenue and warned that currency volatility would continue to affect results. Berendsen, which provides work uniforms and industrial laundry services, said actual revenue in the six months to 30 June fell 1% to £517.3m due to negative curren
Read moreBerendsen hit by FX in first half, but trading "in line"
27th Jun 2014 07:57
Textile maintenance firm Berendsen said that currency movements were to blame for a 1% fall in reported revenues in the first half, but that underlying trading was was "in line with management's expectations". For the first five months of 2014, Berendsen said that interest costs were lower due to s
Read moreBerendsen trading in line with expectations
24th Apr 2014 07:38
- Quarterly trading in line with targets - Economic recovery boosting demand from hotel customers - Expects further progress in the year ahead Textiles group Berendsen said trading in the first three months of the year was in line with management's expectations and it expects to deliver progress
Read moreMonday broker round-up UPDATE
31st Mar 2014 10:41
African Minerals: Credit Suisse cuts target price from 280p to 200p maintaining a neutral rating. Anglo American: Credit Suisse reduces target price from 1900p to 1800p and retains an outperform rating. ARM Holdings: Barclays takes target price from 1125p to 1200p and reiterates an overweight reco
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreBerendsen lifts FY profits on better productivity and new work
28th Feb 2014 14:25
Better productivity at washroom services group Berendsen's workwear plants in the UK helped to drive a 17 per cent rise in annual adjusted pre-tax profit to 136.3m pounds, above analysts' expectations. Berendsen said it had converted its UK plants to a production model it uses in continental Europe
Read moreWednesday broker round-up UPDATE
18th Dec 2013 08:44
Berendsen: Panmure Gordon raises target price from 761p to 917p, while retaining its hold recommendation. British American Tabacco: Nomura cuts target price from 3840p to 3720p, while staying with its buy recommendation. bwin.party: Daniel Stewart reduces target price from 173p to 146p, while its
Read moreLondon pre-open: FTSE 100 to open lower ahead of Fed meeting
16th Dec 2013 07:30
City sources predict the FTSE 100 will open 16 points lower than Friday's close of 6,439.96 as the US Federal Reserve's policy meeting looms. The Fed may announce a scaling back of its monthly $85bn in bond purchases at its December 17th to 18th meeting. Fuelling speculation of a tapering was last
Read moreBerendsen reports progress across the board for 2013
16th Dec 2013 07:08
European textile firm Berendsen said it has traded in line with expectations in the fourth quarter with progress reported across the board. In a pre-close trading update for 2013, the workwear, rental and laundering services company said reported revenues for the first 11 months of the year were up
Read moreTuesday broker round-up UPDATE
5th Nov 2013 08:57
Afren: FinnCap ups target price from 130p to 140p keeping a hold recommendation. African Barrick Gold: Westhouse Securities raises target price from 115p to 170p, while downgrading to sell. Associated British Foods: Numis downgrades to reduce with a target price of 1845p. Panmure Gordon ups target
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