Broker tips: Glencore, WH Smith, Britvic
25th Jan 2012 12:22
UBS has cut its target price for commodities producer and marketer Glencore but has maintained its buy rating, saying it "still expects strong momentum into 2012". The Swiss broker has reduced its earnings per share (EPS) forecasts for Glencore by 19% and 18% for 2011 and 2012 to reflect what it be
Read moreLondon midday: Banks fall as GDP figures disappoint
25th Jan 2012 11:55
- UK GDP contracts in the fourth quarter. - BoE unanimous in decision to maintain rates. - Mortgage approvals rise. In spite of a strong start, London's FTSE 100 experienced a sharp decline in morning trade following some disappointing gross domestic product figures which came in worse than expecte
Read moreBroker snap: Brokers divided over Britvic
25th Jan 2012 11:23
Britvic's first quarter trading statement seems to have pleased investors today with shares trading around 2% higher in mid-morning trade; but two brokers seem divided with Nomura staying a buyer and Collins Stewart maintaining its sell rating. The soft drinks maker and bottler said carbonated drin
Read moreWednesday broker round-up - UPDATE
25th Jan 2012 09:00
Ashmore: Barclays upgrades to overweight from neutral. Glencore: UBS cuts target from 530p to 490p, buy rating unchanged. Vodafone: Nomura reiterates buy rating and 230p target. Britvic: Nomura keeps buy recommendation and 425p target; Collins Stewart gives sell rating and 290p target. WH Smit
Read moreLondon open: Stocks up ahead of economic data
25th Jan 2012 08:39
London's Footsie opened slightly higher on Wednesday morning with the mood boosted by last night's strong showing from US tech giant Apple. In UK news, a raft of economic data is due out this morning, including the minutes from the January meeting of the Bank of England's Monetary Policy Committee
Read moreLondon pre-open: Stocks to rise on Apple results
25th Jan 2012 07:28
City sources predict the FTSE 100 will open up 15 points from yesterday's close of 5,752, boosted by an excellent quarterly report from technology giant Apple, announced after last night's trading close. Newsagent WH Smith said trading in the 21 weeks to January 21st was resilient, with profit gro
Read moreBritvic fizzes on Pepsi market share
25th Jan 2012 07:04
Soft drinks maker and bottler Britvic said carbonated drinks put some fizz into its Christmas trading, led by a strong gain in take-home market share for Pepsi-Cola (which it produces under licence from American giant, PepsiCo). Revenue for the final three months of 2011 rose 2.5% from a year earli
Read moreLondon open: Mining stocks weigh
30th Nov 2011 08:39
London's leading stocks are trimming early losses after the weakness of mining stocks pushed the Footsie below 5,300 at one point. With resource stocks excluded from the picture, the index would be little changed, although downbeat consumer confidence data from market research firm GfK NOP has not
Read moreBritvic sales fizz higher, Ireland drags
30th Nov 2011 07:47
Soft drinks maker Britvic posted a 15% increase in full year revenue and said it remains confident about trading for the year ahead despite the challenging economic backdrop. The group, whose brands include Fruit Shoot, Pepsi, 7UP and Robinsons, said underlying pre-tax profit increased to £105.1m f
Read moreLondon midday: Retail boost but miners suffer
20th Oct 2011 12:02
Retail stocks are on the offensive today, but with the Eurozone situation continuing to stoke fears over global growth, miners are dragging the top share index lower. Franco-German talks regarding the Eurozone rescue fund are not going on as smoothly as some had hoped. The unexpected meeting yeste
Read moreUPDATE: Thursday broker round-up
20th Oct 2011 09:17
Sports Direct: Singer Capital Markets downgrades from buy to fair value, raises target from 232p to 245p. Home Retail: UBS cuts target from 130p to 110p, keeps neutral rating. Home Retail: Nomura cuts target from 130p to 110p, reduce rating maintained. Home Retail: Singer Capital Markets cuts ta
Read moreLondon open: Miners drag Footsie lower
20th Oct 2011 08:33
The Footsie tumbled in the opening minutes on Thursday morning, following a strong day yesterday, with just three stocks making gains. Markets seem to have lost their optimism as Franco-German talks regarding the Eurozone rescue fund are not going on as smoothly as some had hoped. The unexpected me
Read moreBritvic sales lose their fizz
20th Oct 2011 07:42
A significant slowdown in sales at soft drinks group Britvic held back group revenue growth to 14.6% (constant currency) in the year ending 2 October, the group said in its pre-close statement. Full-year group sales rose from £1.139bn to £1.290bn, helped by the first 12-month contribution from Fran
Read moreThursday preview: Britvic not walking on sunshine
19th Oct 2011 18:07
Soft drinks maker Britvic has probably enjoyed Britain's Indian Summer as much as anybody but it may be one of the few bright spots in Thursday's trading update, as discretionary spend of consumers comes under increasing pressure. "We do not feel the current consumer environment bodes well for an e
Read moreUPDATE: Monday broker round-up
3rd Oct 2011 09:03
Antofagasta: Citi upgrades to hold, target cut from 1,230p to 1,010p. Man Group: Citi has kept its hold/high risk rating and 190p target. Lonmin: Citi maintains hold/medium risk recommendation and 1,237p target. Burberry: Nomura reiterates neutral rating and 1,356p target. Cookson: UBS upgrades
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