FTSE 250 movers: Lonmin leads miners higher
6th Sep 2012 15:51
South Africa-focused platinum miner Lonmin rose strongly on Thursday on reports that it has reached a 'peace accord' with its striking miners following a wave of protests over the last few weeks. ?? The mining sector as a whole was firmly higher today on hopes over the global economy after the Euro
Read moreThursday broker round-up - UPDATE
6th Sep 2012 09:00
Abcam: Canaccord Genuity keeps hold rating and 370p target. AG Barr: Societe Generale upgrades ot hold, target lifted from 370p to 440p. ASOS: Nomura ups target from 1,660p to 1,700p, neutral rating kept. Barclays: Credit Suisse downgrades to neutral, target cut from 215p to 200p. BG Group: Gold
Read moreLondon close: Footsie at five-week low ahead of ECB decision
5th Sep 2012 16:17
- FTSE 100 closes at lowest level since late July - Eurozone newsflow mixed ahead of ECB meeting - Global slowdown fears weigh on sentiment Mixed remarks from Eurozone officials prompted a volatile day of trade on London's stock market on Wednesday as eyes remain fixed on tomorrow's policy rate dec
Read moreFTSE 250 movers: Britvic, AG Barr surge on merger speculation
5th Sep 2012 15:56
Investors of Britvic and AG Barr today celebrated the news that the companies are in discussions about an all-share merger which would create 'one of the leading soft drinks companies in Europe'. "The combination would have compelling industrial logic and represents an opportunity for both companie
Read moreLondon midday: Markets nervous ahead of ECB decision
5th Sep 2012 11:38
- All eyes on ECB meeting - Concerns about China, Japan and Australia weigh on sentiment - Britvic in merger talks with AG Barr The FTSE 100 was well off its intraday low by Wednesday lunchtime but still firmly in the red as investors continued to fret about the upcoming policy decision in Europe t
Read moreBritvic and AG Barr in merger talks
5th Sep 2012 09:35
FTSE 250 drinks companies Britvic and AG Barr have announced that they are in discussions about an all-share merger which would create 'one of the leading soft drinks companies in Europe'. The companies confirmed press speculation on Wednesday morning by saying that AG Barr, the Scottish manufactur
Read moreThursday broker round-up
19th Jul 2012 09:43
Afren: JP Morgan Cazenove reiterates overweight. Avocet: Westhouse Securities upgrades to buy. Barclays: Goldman Sachs upgrades to neutral, target cut from 250p to 220p. BG Group: Credit Suisse downgrades from outperform to neutral, target cut from 1,660p to 1,500p. British American Tobacco: Inv
Read moreRain and recall erode Britvic sales
19th Jul 2012 07:21
Soft drinks firm Britvic said third quarter revenue fell 5.1 per cent at constant currency after it was hit by wet weather and the product recall of Fruit Shoot and Fruit Shoot Hydro. The recall, as a precautionary measure due to a packaging safety issue, shaved around 2% off third quarter revenue.
Read moreLondon close: Global stocks surge as China concerns ease
13th Jul 2012 16:38
- Stocks surge on Chinese data - JPMorgan reports profit despite big trading loss - Moody's downgrades Italian credit rating Better-than-expected growth data from China and well-taken quarterly results from JPMorgan Chase & Co sent global stock markets soaring on Friday, as investors shrugged off a
Read moreFriday tips round-up: Rolls-Royce, AB Foods, Britvic
13th Jul 2012 07:00
Garry White from the Questor column in The Telegraph has labelled engineering giant Rolls-Royce as a 'buy', following its recent wins at the Farnborough Airshow. "Questor likes the Rolls-Royce model because the company continues to make money out of its engines after they have been sold, through it
Read moreLondon close: Footsie flat ahead of FOMC minutes, Glencore up
11th Jul 2012 17:06
- Investors await FOMC minutes - BarCap cuts US growth estimates - Burberry disappoints; 'Glenstrata' in demand - Some say Glencore could benefit from rising grain prices The Footsie had pared early losses to trade broadly flat by the close as markets remained cautious ahead of the release of minu
Read moreFTSE 250 movers: Britvic dives after recall cost soars
11th Jul 2012 15:11
Soft drinks group Britvic plummeted after saying the recall of its Robinsons Fruit Shoot and Fruit Shoot Hydro drinks could cost the company up to 25m pounds. Added to this, poor weather conditions and weak consumer sentiment means the group now expects to deliver a full-year results at the bottom e
Read moreBroker tips: Burberry, Britvic, Balfour Beatty
11th Jul 2012 12:04
Nomura has reduced its target price for luxury brand Burberry after a slower first quarter, though the broker maintained its 'buy' recommendation for the stock. Given the recent pull back in the sector and its reduced estimates, the broker has lowered its price target from 1,530p to 1,450p. Invest
Read moreLondon midday: Footsie pares losses but still in the red
11th Jul 2012 11:33
- Burberry leads stocks lower after Q1 update - Johnson Matthey, Lloyds, Centrica, SSE fall after broker downgrades - FOMC minutes due out later The FTSE 100 had pared some of its earlier losses but was still trading firmly in the red by Wednesday lunchtime with a disappointing trading update from
Read moreBroker snap: Panmure downgrades Britvic after Fruitshoot recall
11th Jul 2012 10:30
Panmure Gordon has downgraded its recommendation for soft drinks group Britvic from 'hold' to 'sell' and slashed its target price from 350p to 250p after Wednesday's trading update which saw the stock drop by 15 per cent. Britvic has said the recall of its Robinsons Fruit Shoot and Fruit Shoot Hydr
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