Sugar consumption guide set to halve in government's SACN report
16th Jul 2015 15:21
(ShareCast News) - Sugar producers and sweet food manufacturers are soon to be hit by a halving of the government's recommended sugar intake levels, according to reports. A report on carbohydrate consumption by the Scientific Advisory Committee on Nutrition (SACN), which advises Public Health Englan
Read moreDeutsche Bank initiates coverage of Britvic at 'hold'
2nd Jun 2015 15:12
Deutsche Bank initiated coverage of Britvic at 'hold' with a 750p price target. It said the same three drivers of investment apply now as back in 2005 when the company launched its IPO, noting a top line driven by innovation, strong cost management, and opportunities for international expansion. D
Read moreFTSE 250 movers: Bank of Georgia higher on strong quarter
20th May 2015 12:58
London stocks were trading slightly lower on Wednesday as strong performances from mining and telecommunications stocks were outweighed by weakness in the utility and real estate sectors. As of 3:00, the FTSE 250 was trading 66 points lower at 16,121. Allied Minds topped the fallers on reports that
Read moreBritvic interim earnings sparkle but bubble burst by CFO retirement
20th May 2015 09:49
Although interim earnings at Britvic beat forecasts in the face of UK grocery deflation, the departure of the drinks company's finance director disappiointed investors. Revenues in the six months to 12 April declined 0.7% to £650.3m, only slightly behind consensus expectations of £651m despite chall
Read moreFTSE 250 movers: Tate & Lyle hit by downgrade, energy stocks higher
22nd Apr 2015 13:28
Shares in sugar, sweetener and food ingredients group Tate & Lyle were losing their flavour after analysts at Credit Suisse lowered their rating on the stock from 'neutral' to 'underperform'. Ladbrokes was also trading lower as the bookmaker revealed operating profits were down materially due to cus
Read moreBritvic holds on to guidance despite "challenging" Q1, shares rise
27th Jan 2015 15:50
Soft drinks manufacturer Britvic reassured investors on Tuesday by maintaining its full-year profit guidance in spite of "challenging trading conditions" in core markets during its first quarter. The company, which makes J20, Robinsons and 7up, said that revenues totalled £304.3m in the 12 weeks to
Read moreThursday broker round-up
27th Nov 2014 10:15
Amlin: Numis upgrades to 'buy' with a target price of 535p. Amerisur Resources: PeelHunt lowers target price from 58p to 50p and reiterates a 'hold' recommendation. Associated British Foods: Citi raises target price from 3100p to 3700p and maintains its 'buy' recommendation. Avingtrans: FinnCap up
Read moreBritvic's full-year profits jump, but outlook cautious
26th Nov 2014 07:56
Higher revenue and an effective cost control strategy saw soft drink producer Britvic's operating profit for the year rise almost 18%. The firm reported a 17.6% increase in operating profit to £158.1m for the year ended 28 September, ahead of its own estimate of between £148m and £156m. Revenues fe
Read moreFriday broker round-up UPDATE
24th Oct 2014 10:11
Advanced Medical Solutions: Oriel initiates with a target price of 135p and a buy recommendation. African Barrick Gold: JP Morgan moves target price from 300p to 310p maintaining its overweight rating. Canaccord Genuity reduces target price from 330p to 275p keeping a buy recommendation. Numis moves
Read moreLondon close: Supermarket share slump limits market gains
23rd Oct 2014 16:15
UK supermarkets held back London shares on Thursday after beleaguered Tesco reported lower first half profits and said the hole in its accounts was bigger than thought. Shares in Tesco led the FTSE 100 Index fallers with a 12p slump to 171p as the group said trading profits dropped 39.4% at constant
Read moreBritvic profits to fizz up more than expected
23rd Oct 2014 07:56
Drinks maker Britvic forecast fizzier-than-expected annual profits as a strong international performance made up for weaker weather-hit sales in Europe. Britvic said full year pre-tax earnings before interest would be marginally ahead of the top end of its previous guidance range of £148m-£156m and
Read moreCarpetright gets new chairman as founder Harris steps down after 57 years
21st Oct 2014 08:19
Carpet retailer Carpetright has appointed the chairman of pub group Mitchells & Butlers as its new chairman to replace group founder Philip Harris. Carpetright said Bob Ivell would become its non-executive chairman from 1 November. Harris said he would step down from the board on 31 October. Ivell
Read moreBritvic expects full-year earnings to reach top end of guidance
24th Jul 2014 09:40
Softdrinks giant Britivic said full-year earnings is expected to be at the top end of its guidance after achieving a rise in third quarter revenue across the UK, France and international divisions. UK revenue increased 4.6% in the third quarter, driven by growth in carbonates sales. French revenu
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreSector movers: Diageo-SAB tie-up rumours lift beverages
30th Jun 2014 15:08
A potential tie-up of the beverages sector's two-largest constituents gave the category a boost on Monday, on an otherwise subdued session in London with the wider market in search of direction. Shares in Diageo and SABMiller were on the rise today, up 1.8% and 0.2% respectively, after it was rumou
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