Monday broker round-up
19th Sep 2016 09:52
(ShareCast News) - Lloyds: Jefferies reiterates buy with a target price of 67p. Astrazeneca: UBS reiterates buy, 5480p target. Britvic: JP Morgan keeps at underweight with a 590p target. Unilever: UBS reiterates neutral with a 3380p target. IHG: HSBC starts coverage at reduce with a 2900p target.
Read moreSector movers: Beverage stocks pace gains
13th Sep 2016 16:39
(ShareCast News) - Defensive issues took over from cyclicals, with beverage stocks climbing to the top of the leaderboard on the back of positive broker commentary. Analyst Charles Pick at Numis bumped up his recommendation on shares of AG Barr from 'hold' to 'add' ahead of the company's next set of
Read moreBroker tips: AB Foods, Britvic, Purplebricks
13th Sep 2016 14:45
(ShareCast News) - Associated British Foods shares fell on Tuesday as Numis downgraded its rating on the stock to 'hold' from 'add' and cut its target price to 2,942p from 3,016p following a trading update from the Primark owner. The company on Monday said it predicted full year earnings to be sligh
Read moreJefferies starts Britvic at 'hold'
13th Sep 2016 10:49
(ShareCast News) - Jefferies initiated coverage of Britvic at 'hold' with a 650p price target. The bank said that over the medium term, its see a robust earnings outlook driven by benefits from the Business Capability efficiency programme on both Britvic's top and bottom line. "From full-year 2018
Read moreUK sugar tax to be imposed on soft drinks in 2018, government confirms
18th Aug 2016 08:42
(ShareCast News) - The government has confirmed it will introduce a soft drinks industry levy across the UK as part of its plan to tackle childhood obesity. The Department of Health will launch a "broad, structured sugar reduction programme" that will aim to remove sugar from the products children e
Read moreFriday broker round-up
12th Aug 2016 09:36
(ShareCast News) - Britvic: Berenberg reiterates buy with a target price of 775p. RSA Insurance: Deutsche Bank maintains hold with a 525p target. GlaxoSmithKline: JP Morgan reiterates neutral with a 1900p target. Amec Foster: Goldman Sachs stays at buy with a 691,1p target. A.G. Barr: Berenberg d
Read moreBritvic sees cost hit from weak pound after Brexit vote
21st Jul 2016 08:12
(ShareCast News) - Soft drink maker Britvic has reported third quarter revenue of £346.3m, up 5.3% on last year despite a wet summer, but warned the decision by the UK to leave the European Union had created a double whammy of consumer uncertainty and input cost pressure. Chief executive Simon Lithe
Read moreJP Morgan upgrades Coca Cola HBC, hikes target
19th Jul 2016 20:47
(ShareCast News) - Analysts at JP Morgan bumped up their recommendation on shares of Coca Cola HBC, pointing out how the European Beverages sector had proved more resilient than competitors beer or spirits to the volatile macroeconomic backdrop. Indeed, in the opinion of the broker bottlers's shares
Read moreTuesday broker round-up
24th May 2016 14:41
(ShareCast News) - Standard Chartered: Macquarie reiterates to outperform with a 440p target. Britvic: Goldman Sachs stays at buy with a 838p target. Premier Oil: JP Morgan keeps at neutral with a target price of 61p. RBS: Deutsche Bank reiterates hold with a target of 239p. BT: Macquarie reitera
Read moreBritvic interim profit up, on track to deliver on FY earnings guidance
19th May 2016 09:25
(ShareCast News) - FTSE 250 soft drinks company Britvic posted an increase in interim profit amid growing revenue, and said it was on track to meet its earnings guidance for the year. In its interim results for the 28 weeks ended 10 April, the company said pre-tax profit rose 7.3% to £54.5m on reven
Read moreOsborne stands by sugar tax, tells drinks companies to 'bring it on'
24th Mar 2016 11:35
(ShareCast News) - Chancellor George Osborne stood by his decision to introduce a sugar tax on Thursday. When questioned about reports that some drinks makers were planning a legal challenge against the new policy, Osborne told the Treasury Select Committee the government would defend it "robustly"
Read moreSunday newspaper round-up: Rolls-Royce, Whitbread, Britvic, LSE
20th Mar 2016 16:56
(ShareCast News) - Rolls-Royce has put forward detailed proposals to the government to fill some of the UK's power shortage with a fleet of small reactors built around the company's expertise in generating power for Royal Navy submarines. With the escalating costs and timing of the £18bn Hinkley Poi
Read moreUK Budget: Govt to introduce sugar levy on soft drinks by 2018
16th Mar 2016 13:28
(ShareCast News) - Soft drink makers will be forced to pay a new government levy under plans announced by Finance Minister George Osborne in his annual Budget on Wednesday. He told parliament the levy would be used to fund school sports and help to fund extending school days for wider activities tha
Read moreBroker tips: Burberry, Lloyds, Britvic
26th Feb 2016 12:48
(ShareCast News) - Nomura upgraded Burberry to 'buy' from 'neutral' and lifted the price target to 1,500p from 1,450p. It said since the company announced a review of the global market, its initiatives, efficiency programmes, productivity and capital allocation, expectations have risen in anticipati
Read moreBritvic appoints SuperGroup boss and SABMiller MD to board
9th Feb 2016 09:03
(ShareCast News) - Britvic has appointed Euan Sutherland and Sue Clark as independent non-executive directors. The appointments, which take effect at the end of the month, follow the retirement of Bob Ivell which was flagged by the company in January 2015. Sutherland is currently Group Chief Execut
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