Monday newspaper round-up: Greece, Barclays, Britvic
12th Nov 2012 07:08
Greek lawmakers approved the country's 2013 austerity budget early Monday, an essential step in Greece's efforts to persuade its international creditors to unblock a vital rescue loan installment without which the country will go bankrupt. The budget passed by a 167-128 vote in the 300-member Parlia
Read moreLondon open: Stocks rise but Barclays limits gains
31st Oct 2012 08:44
- Barclays falls after unveiling two new US probes - US stock market expected to open today - Asian data lifts the mood UK stock markets edged higher in early trading on Wednesday despite some poorly-received third-quarter figures from Barclays and Next early on, The New York Stock Exchange is ex
Read moreLondon pre-open: FTSE to drop ahead of US re-opening
31st Oct 2012 07:26
City sources predict the FTSE 100 will open down 14 points from yesterday's close of 5,850, as investors await the re-opening of trade in the US after two days of unexpected closure in the wake of Hurricane Sandy. Nevertheless, and as the Chief Executive Officer of NYSE-Euronext commented last night
Read moreBarr & Britvic merger deadline extended again
31st Oct 2012 07:08
The deadline for the conclusion of merger talks between soft drinks makers AG Barr and Britvic has been extended again. The Takeover Panel has consented to an extension of this deadline until 17:00 on November 28th 2012. JH
Read moreSector movers: SABMiller and Britvic drag beverage stocks lower
18th Oct 2012 14:41
Beverage stocks were in negative territory on Thursday afternoon with drinks groups SABMiller and Britvic providing a drag. Lager group SABMiller was trading 1.5% lower despite seeing good growth in lager volumes shipped across most regions in the first half of its financial year. Weighing on the s
Read moreThursday broker round-up - UPDATE
18th Oct 2012 09:24
Ashtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t
Read moreBritvic Fruit Shoots itself in the foot - UPDATE
18th Oct 2012 08:54
Talks with Scottish soft drinks rival AG Barr are still in progress, Britvic said in a trading statement which revealed the impact of the Hertfordshire firm's Fruit Shoot product recall earlier this year. Revenue in the year to the end of September fell 2.6% from the year before to £1,256.4m, altho
Read moreLondon pre-open: FTSE set for modest rise following strong US data
18th Oct 2012 07:31
City sources predict the FTSE 100 will open up 10 points from yesterday's close of 5,911, boosted by the release of much stronger than forecast US data on construction starts, which showed a rise to a four-year high. Housing starts rose 15% in September to an annualised rate of 872,000 units, comf
Read moreBritivic counts cost of Fruit Shoot recall
18th Oct 2012 06:08
Britvic, the soft drinks firm in merger talks with Irn Bru maker AG Barr, saw full year underlying revenue decline a touch, primarily because of the recall of its Fruit Shoot products. Revenue in the year to September 30th totalled £1,256.4m, down 0.8% on a constant currency (CC) basis and 2.6% on
Read moreWednesday broker round-up - UPDATE
3rd Oct 2012 09:06
African Barrick Gold: Westhouse Secuirites raises target from 464p to 495p. AG Barr: Panmure Gordon keeps hold rating and 440p target. AstraZeneca: Panmure Gordon downgrades from buy to hold, target cut from 3,100p to 3,000p. Barclays: UBS downgrades from buy to neutral, 235p target unchanged. B
Read moreDeadline extended in AG Barr/Britvic merger talks
3rd Oct 2012 07:13
Britain's two major independent soft drinks makers, AG Barr and Britvic, have asked the Takeover Panel for more time to discuss their potential merger. The pair had been obliged to make an announcement about whether they will or won't tie the knot by 17:00 on Wednesday, October 3rd, but this deadli
Read moreWednesday newspaper round-up: First Group, Nuclear Reactors, AG Barr
3rd Oct 2012 06:34
FirstGroup's contract to run the West Coast Mainline has been cancelled by the Government due to "significant technical flaws" in the bidding process, which will be re-run. Transport Secretary Patrick McLoughlin said that the flaws "stem from the way the level of risk in the bids was evaluated". "Mi
Read moreSecond half off to strong start at AG Barr
24th Sep 2012 07:58
Irn-Bru maker AG Barr saw first half profits decline but bucked the market trend in increasing volumes during the period. Profit before tax and exceptional items slipped to £14.9m in the six months ended July 28th, from £16.2m in the corresponding period of last year. Broker Panmure Gordon had fore
Read moreSector movers: Miners man the barricades
20th Sep 2012 16:33
Mining stocks were under the cosh after data released overnight in China revealed that manufacturing activity in the People's Republic had contracted for the eleventh month in succession. China´s manufacturing sector Purchasing Manufacturers' Index (PMI) for the month of September came in at 47.8 o
Read moreLondon close: Markets celebrate ECB bond-buying plan
6th Sep 2012 16:41
- ECB unveils bond-buying details - Stocks surge in afternoon trade, helped by US data - BoE maintains rates and QE Global stocks markets rocketed higher on Thursday afternoon after European Central Bank (ECB) President Mario Draghi revealed details of the bank's bond-buying plan. London's Footsie
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