Berendsen reports rise in quarterly revenue
1st Nov 2013 07:58
European textile service business Berendsen said revenue in the three months through September rose 9 per cent compared to last year, driven by core growth and improved margins. Excluding the benefit of foreign currency exchange translation and acquisitions made last year, underlying revenue was u
Read moreSports Direct CEO and FD net 6.4m pounds after selling shares
3rd Oct 2013 07:43
Sports Direct International's Chief Executive Dave Forsey and Finance Director Bob Mellors have each netted 6.4m pounds after selling shares from a bonus plan. The sportswear retailer said the pair had exercised options granted to them under the company's executive bonus scheme to buy 1m shares in
Read moreMonday broker round-up
16th Sep 2013 12:13
AEC Education: WH Ireland places both its target price (prev.: 11p) and its recommendation under review. Aggreko: Citi reduces target price from 2100p to 2000p leaving its buy recommendation unaltered. Allergy Therapeutics: Panmure Gordon lowers target price from 18p to 16p, while keeping its buy
Read moreThursday broker round-up UPDATE
12th Sep 2013 09:01
African Minerals: Deutsche Bank cuts target price from 550p to 450p and retains a buy recommendation. Citi lowers target price from 380p to 320p keeping a buy recommendation. Aggreko: Deutsche Bank reduces target price from 2100p to 1870p, while staying with its buy recommendation. ARM Holdings: G
Read moreWednesday broker round-up
28th Aug 2013 08:09
African Barrick Gold: Nomura takes target price from 155p to 250p and reiterates its buy recommendation. Antofagasta: Deutsche Bank cuts target price from 1050p to 1035p and retains a hold recommendation. JP Morgan reduces target price from 1005p to 975p, while its neutral rating remains unchanged.
Read moreTuesday broker round-up UPDATE
27th Aug 2013 09:14
Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.
Read moreBroker tips: Berendsen, Afren, Kazakhmys
23rd Aug 2013 12:47
Berendsen's reported a "solid set of interim numbers" after the textile company posted a higher-than-expected rise in pre-tax profit for the first half, according to Investec. Investec recommended a 'buy' rating, citing an encouraging outlook statement and in-line trading. Canaccord Genuity, recom
Read moreBroker snap: Berendsen's outlook encouraging, says Investec
23rd Aug 2013 12:25
Berendsen's reported a "solid set of interim numbers" after the textile company posted a higher-than-expected rise in pre-tax profit for the first half, according to Investec. Pre-tax profit was up 21% to £60.2m on a 7% increase in revenues of £521.5m, boosted by improved operating margins in the
Read moreBerendsen's first half profits grow on back of higher revenues
23rd Aug 2013 07:22
Berendsen's pre-tax profit rose 21 per cent to 60.2m pounds in the first half as the textile company's revenues rose on the back of a strong margin improvement in workwear. The group posted adjusted earnings per share of 26.2p, up 21% on the previous year. Adjusted operating profit increased 13%
Read moreFTSE 250 movers: Inmarsat hit by concerns over delays to GX launch
2nd Jul 2013 14:07
Satellite group Inmarsat was a heavy faller today after negative readacross from a failed rocket launch by one of its partners. ILS, the launch partner for Inmarsat's Global Xpress (GX) airline broadband project, was involved in an explosion of a Proton rocket, the third failure over the last year r
Read moreBroker tips: Persimmon, Berendsen, PZ Cussons
2nd Jul 2013 11:10
Jefferies has kept its 'hold' rating and 1,162p target price for UK house builder Persimmon despite an upbeat second-quarter trading update, saying that the stock's valuation looks 'full'. Analyst Anthony Codling said that the statement was "robust" and backed up its view that the government's stim
Read moreBroker snap: Investec upgrades Berendsen to 'buy' after H1 beat
2nd Jul 2013 10:39
Investec has lifted its recommendation for European textile business Berendsen from 'add' to 'buy' after the firm issued a positive first-half trading update on Tuesday morning in which revenue growth came in ahead of expectations. The company, which is involved in workwear, laundry and cleanroom m
Read moreBerendsen achieves hike in revenues
2nd Jul 2013 09:15
Berendsen said it has been trading in line with expectations as revenue in the first five months of the year grew seven per cent ahead of the prior year. The European textile maintenance services company achieved higher revenues, partly thanks to a 3.0% benefit from foreign currency exchange and a
Read moreTuesday broker round-up UPDATE
2nd Jul 2013 08:24
Amara Mining: Westhouse Securities raises target price from 60p to 90p and stays with its buy recommendation. Canaccord Genuity lowers target price from 50p to 40p maintaining its buy recommendation. Anite Group: Panmure Gordon shifts target price from 171p to 177p and reiterates a buy recommendati
Read moreBerendsen trading in line
25th Apr 2013 07:40
Work-wear and wash-room facilities provider Berendsen said trading in the first three months of the year was in line with expectations and it expects to achieve good progress during the remainder of the year. Revenue increased 5% from the start of January to date and rose 8% at its Core Growth busi
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