Wednesday broker round-up UPDATE
23rd Oct 2013 09:28
Abcam: Numis downgrades to add with a target price of 570p. ARM Holdings: Deutsche Bank increases target price from 1080p to 1130p and maintains a buy recommendation. JP Morgan raises target price from 625p to 750p and leaves its neutral rating unaltered. Societe Generale ups target price from 640p
Read moreFTSE 250 movers: QinetiQ rises on possible sale of US arm
21st Oct 2013 15:15
QinetiQ, the defence technology and security firm, was a high riser today on weekend reports that it is putting its US division up for sale. The firm announced back in May that it was launching a strategic review into the unit. Provident Financial was given a boost by JPMorgan Cazenove after it rei
Read moreFriday tips round-up: BSkyB, Britvic
18th Oct 2013 07:48
Pay-TV provider British Sky Broadcasting (BskyB) is facing the rising cost of content as competition for viewers heats up. This can be seen in the eight per cent fall in operating profits for the quarter ended in September to 285m pounds. BSkyB's outlays should be worth it if revenue per customer
Read moreSector movers: Beverage stocks rise as investors toast company results
17th Oct 2013 15:34
Well-received updates from rivals SABMiller, Diageo and Britvic gave the beverages sector a boost on Thursday. Brewing giant SABMiller, which owns several beer brands including Coors and Miller, was up 3.67% at 3,151.5p in afternoon trade after saying that strong volume growth at its African busine
Read moreHot weather boosts Britvic fourth-quarter revenue
17th Oct 2013 10:48
- Q4 revenues up 12.8 per cent - Income boosted by warm weather - Growth experienced in volume and pricing Soft drinks giant Britvic posted 12.8 per cent growth in fourth-quarter revenue, driven by warm weather in July and full availability of Fruit Shoot compared to this time last year. Quarterl
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
Read moreMonday broker round-up UPDATE
7th Oct 2013 07:58
Abcam: Investec raises target price from 504p to 552p and retains a buy recommendation. Britvic: Nomura raises target price from 630p to 680p maintaining its buy recommendation. Cranswick: Panmure Gordon reduces target price from 1200p to 1140p and maintains a hold recommendation. First Group: Je
Read moreFriday broker round-up UPDATE
9th Aug 2013 07:29
Aquarius Platinum: Deutsche Bank lowers target price from 63p to 60p keeping a buy recommendation. Ashmore Group: HSBC ups target price from 400p to 435p, while keeping overweight rating. ASOS: UBS raises target price from 4600p to 6000p staying with its buy recommendation. Aviva: Bank of America
Read moreSector movers: Beverages gain as Diageo's results impress
31st Jul 2013 15:34
Strong gains for Diageo helped push the beverages sector higher on Wednesday as investors toasted a solid set of results from the maker of Guinness, Baileys and Smirnoff . The company delivered a 5.0% increase in net sales in the year to June 30th from £10.76bn to £11.43bn, in line with expectatio
Read moreAG Barr-Britvic merger falls through at last minute
11th Jul 2013 15:16
After months of waiting for the Competition Commission (CC) to grant the all-clear to the proposed merger between soft-drinks groups AG Barr and Britvic, the deal has now fallen through with Britvic rejecting an improved offer from AG Barr at the last minute. AG Barr has now announced its intention
Read moreTuesday broker round-up UPDATE
9th Jul 2013 07:53
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
Read moreLondon pre-open: Strong start expected early on
9th Jul 2013 07:33
A good start to US corporate earnings season and a deal in Greece was lifting sentiment on Tuesday morning, with the FTSE 100 expected to open with strong gains early on. City sources predict London's benchmark index will open up 40 points from yesterday's close of 6,450. Wall Street stocks fini
Read moreBritvic and AG Barr get green light from competition watchdog
9th Jul 2013 07:23
Soft drinks maker Britvic confirmed that the Competition Commission has formally approved its possible merger with Scottish rival AG Barr. "The CC's final decision is that the possible merger is not expected to result in a substantial lessening of competition," Britvic confirmed in a company state
Read moreLondon close: FTSE 100 down one per cent as volatility continues
11th Jun 2013 16:41
Rising government bond yields, falling commodity prices and an underwhelming statement from the Bank of Japan (BoJ) saw some heavy falls on equity markets on Tuesday. The FTSE 100 closed down 60 points at 6,340, but finished well off its intraday low of 6,283 as US bond yields pared earlier gains.
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