Broker snap: Canaccord raises concerns with Britvic
22nd May 2013 10:06
Canaccord Genuity has kept its 'hold' rating and 380p target price for soft-drinks group Britvic despite a well-received first-half result, raising concerns ahead of its potential merger with sector peer AG Barr. The tie-up between the two companies was referred by the Office of Fair Trading to the
Read moreWednesday broker round-up UPDATE
22nd May 2013 09:37
Afferro Mining: Panmure Gordon reduces target price from 279p to 100p, while keeping its buy recommendation. Amara Mining: Westhouse Securities cuts target price from 110p to 90p retaining a buy recommendation. Amlin: Westhouse Securities moves target price from 455p to 470p and upgrades to add.
Read moreLondon open: Stocks dip as focus turns to central banks
22nd May 2013 08:38
Markets pulled back from new 13-year highs on Wednesday morning as traders turned cautious ahead of statements from central banks in the UK and US. The FTSE 100 finished at a closing price of 6,803.87 on Tuesday, extending its impressive year-to-date rise to over 15%. The index is now coming close
Read moreBritvic boosts profit despite tough markets
22nd May 2013 07:10
Soft drinks firm Britvic served up a strong set of interim results, after an improved underlying performance across the business, but cautioned market conditions remain challenging. Pre-tax profit rose to £37.5m in the 28 weeks ended April 15th 2013 from £24.8m the same time a year earlier. Revenue
Read moreWednesday preview: Beverage giant Britvic reports
21st May 2013 14:52
Soft drinks producer Britvic will release its second quarter results Wednesday. Analysts at Canaccord Genuity said the company's results are likely to reflect tough trading conditions across most categories, bad weather in the UK, a reduction in promotional activity and the recall of its popular ch
Read moreMonday broker round-up UPDATE
13th May 2013 07:18
Bioquell: Investec shifts target price from 136p to 141p and keeps a hold recommendation. blinkx: Canaccord Genuity moves target price from 125p to 135p reiterating its buy recommendation. Britvic: Panmure Gordon increases target price from 380p to 460p and retains a hold recommendation. BT Group
Read moreFriday broker round-up UPDATE
10th May 2013 07:14
Afren: Westhouse Securities initiates with a target price of 160p and a buy recommendation. Ashmore Group: Credit Suisse raises target price from 375p to 440p upgrading from underperform to neutral. Barratt Developments: Citigroup increases target price from 245p to 315p leaving its neutral rating
Read moreTuesday broker round-up UPDATE
9th Apr 2013 08:10
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Borders & Southern: Sanlam Securites shifts target price from 86.60p to 87.40p and leaves its buy recommendation unchanged. Britvic: Nomura raises target price from 480p to 540p keeping a buy reco
Read moreMonday broker round-up UPDATE
25th Mar 2013 07:12
Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreLondon midday: German sentiment data buoys stocks
19th Feb 2013 11:22
A better-than-expected reading of German confidence pushed stock markets firmly into positive territory by Tuesday lunchtime. The ZEW Institute's index, which measures economic sentiment in the Eurozone's largest economy, surged to 48.2 in February, ahead of last month's reading of 31.5 surpassing
Read moreBroker tips: Reed Elsevier, Ladbrokes, Britvic
19th Feb 2013 11:04
UBS has raised its target price for Reed Elsevier from 770p to 790p and reiterated its 'buy' rating for the stock ahead of the publishing and exhibitions group's full-year results later this month. The broker said that cash returns are "accelerating" and there could be an announcement of an ongoing
Read moreBroker snap: Britvic could see upside from US franchising, says Nomura
19th Feb 2013 10:15
Nomura has resumed coverage of soft drinks group Britvic with a 'buy' rating, saying it sees upside from US franchising and if the AG Barr merger is revisited. The broker said that while the macro outlook in key Great Britain market "looks challenging for 2013", the first quarter has got off to a g
Read moreLondon close: Stocks flat as caution sets in ahead of G20 statement
15th Feb 2013 16:43
Better-than-expected economic data from the States helped the Footsie erase its earlier losses on Friday afternoon, though the mood on markets was still cautious ahead of an announcement from the Group of 20 meeting in Moscow. Market analyst Craig Erlam from Alpari said that "traders opt[ed] to wai
Read moreFTSE 250 movers: Tullett Prebon 'dragged into LIBOR scandal'
15th Feb 2013 16:06
Interdealer broker Tullett Prebon sank after being drawn into the LIBOR scandal. Reports suggest that an individual at the firm was part of conversations about rigging the yen LIBOR rate, according to the Financial Times. Gold miner Petropavlovsk was lower after Citi downgraded its recommendation
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