Broker tips: Lloyds, Britvic, Airlines...
19th Sep 2011 12:29
Evolution Securities has reiterated its buy recommendation on banking giant Lloyds, following the departure of its finance director Tim Tookey. "Tim Tookey's departure represents a de facto clean sweep of the executive team inherited by new chief executive officer Antonio Horta Osorio when he arriv
Read moreBroker snap: Catalysts limited at Britvic, says UBS
19th Sep 2011 12:28
UBS has cut its target price from 380p to 325p for soft drinks group Britvic, saying that despite the undemanding valuation, catalysts are limited. The target price downgrade is to reflect the following headwinds: "(1) further pressure on cost of golds sold (COGS) into 2012 despite high single digi
Read moreTuesday tips round-up: Spirit, Berkeley, Britvic...
6th Sep 2011 06:53
Long before the pub group's demerger at the start of August, the City had largely labelled the managed operation Spirit Pub Company as a far more attractive proposition than the leased pub group Punch Taverns, says the Investment Column in the Independent. The maiden results from the two de-merged c
Read moreBroker tips: Antofagasta, Premier Oil, Britvic
25th Aug 2011 12:55
UBS has cut its target price for Antofagasta by 110p after the South America-focused copper (Cu) miner's first half earnings came in below forecasts. "We are attracted by ANTO's low cost position/ strong management, but remain cautious on Cu prices near-term [...] We expect ANTO to focus more on gr
Read moreBroker snap: Wet weather dampens Britvic's prospects
25th Aug 2011 12:39
It may be coincidence that the streets of London were soaked with rain this morning, but Nomura has chosen today to revise ts earnings estimates for soft-drinks firm Britvic, to factor in Europe's miserable weather. The Japanese broker thinks Britvic's fourth quarter (to September) will be weak, gi
Read moreBroker tips: Kingfisher, Mitchells & Butlers, Britvic
21st Jul 2011 12:48
Singer Capital Markets said that despite DIY retailer Kingfisher reporting broadly weaker-than-expected trading over the last ten weeks, full-year forecasts are likely to remain intact. "KGF was slightly ahead of plan after Q1 and although the UK has been weak, this is not bad enough to more than
Read moreBroker snap: Prime Markets keeps sell rating on Britvic
21st Jul 2011 12:32
After a sharp fall in both sales and value recently for Britvic, broker Prime Markets maintained its sell rating for the soft drinks firm. "Britvic [...] this morning provided an update on Q3 trading, and said that despite weakening consumer spending the soft drinks market performed in line with ex
Read moreLondon midday: Stocks give up gains ahead of summit
21st Jul 2011 12:03
This morning's bright start seems a distance memory, with stocks are deep in the red ahead of the EU summit on the sovereign debt crisis. Latest reports say Germany and France intend to let Greece default temporarily as part of a programme of buying back bonds. They have also ruled out bank levies.
Read moreLondon open: Stocks give up gains
21st Jul 2011 08:39
Stocks are moving in both directions today, but bears have the edge now with the top share index a few points lower, giving up earlier gains. In the FTSE 100, Kingfisher, the FTSE 100 DIY retailer, is flying high even after it saw sales down 0.5% in the second quarter of 2011 compared to the same p
Read morePoor summer weather hurts Britvic
21st Jul 2011 07:56
Another summer of disappointing weather has hit trading at Britvic, which makes orange juice and has the licence to sell Pepsi in the UK. Drinks sales had been holding up until below average weather resulted in a sharp contraction in the four weeks to 21 July. "Total soft drinks market volume was
Read moreBroker tips: Punch, Rank, Britvic
8th Jun 2011 13:00
Matrix has kept its 'hold' rating and target price of 78p on Punch Taverns, despite the pub operator reporting third quarter figures ahead of expectations. The broker says that while shares should tick up on Wednesday after the results, the valuation of Punch is more dependent on the shape of the b
Read moreBroker snap: UBS more optimistic on Britvic's costs
8th Jun 2011 12:59
Britvic has had its target price raised by UBS, who notes that there is less input cost variability in the current year and cost-cutting measures are now in place for next year. The broker said that the drinks group's 2011 full year (FY) input costs were now 90% hedged, and it confirmed its 2011FY
Read moreFTSE 250 movers: Miners track metals prices higher
27th May 2011 14:37
Russia-focused gold miner Petropavlovsk and Finland-focused nickel and zinc miner Talvivaara Mining Company are tracking metals prices higher. They are among the best performing stocks on the FTSE 250 on Friday afternoon. The consumer confidence index for the UK unexpectedly jumped in May, accordin
Read moreLondon midday: Banks provide a boost
27th May 2011 12:05
The Footsie is around 1% higher at the midday point, holding on to early gains. The banking sector is performing well today after positive comments from Citigroup. The US bank upped its rating on European banks to 'overweight', saying that the recent decline in the share prices provides a good entr
Read moreLondon open: Miners and banks head a strong start
27th May 2011 08:28
The Footsie has started strongly, rising over 1% as the index climbs above the 5,900 level. The miners are in demand, with Lonmin, Rio Tinto, Xstrata and Kazakhmys heading higher. The latter announced this morning that it's proposed listing on the Hong Kong stock exchange will not involve the issu
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