Broker tips: Home Retail, Britvic, AG Barr, Shell
2nd Feb 2016 15:36
(ShareCast News) - Home Retail had its 'sell' rating reiterated by Canaccord Genuity on Tuesday after the company agreed on the terms of a takeover bid from J Sainsbury. Sainsbury's has offered £1.3bn for the owner of Argos, equivalent to 161.3p a share. Home Retail shareholders will receive 55p in
Read moreJP Morgan Cazenove initiates coverage of Britvic and AG Barr
2nd Feb 2016 09:48
(ShareCast News) - JP Morgan Cazenove has initiated coverage of soft drink companies Britvic and AG Barr at 'underweight' and 'overweight' respectively. In a note on Tuesday, the investment bank said Britvic's shares have outperformed the sector since 2013. "The 2013 restructuring programme has lar
Read moreFTSE 250 movers: Britvic keeps market bubbling up
27th Jan 2016 14:46
(ShareCast News) - The FTSE 250 was in the black and rising by mid-afternoon Wednesday, up 35.23 points (0.22%) to 16,214.25. Britvic shares were up over 5% after the soft drinks maker reported a rise in first quarter revenue as it reiterated its full year earnings guidance. In a trading update for
Read moreBritvic first quarter revenue rises, reiterates 2016 guidance
27th Jan 2016 07:32
(ShareCast News) - Soft drinks maker Britvic reported a rise in first quarter revenue as it reiterated its full year earnings guidance. In a trading update for the 12 weeks to 20 December, the company said reported revenue rose 4.8% from the previous year to £311.6m. On an organic basis, however, re
Read moreBroker tips: Britvic, Betfair, Zoopla
27th Nov 2015 15:52
(ShareCast News) - HSBC downgraded Britvic to 'hold' from 'buy' and slashed the price target to 700p from 860p. The bank said Britvic's strategy is sound. "The investment in the UK is required, Brazil should be a medium-term growth driver and we continue to see good growth potential from Fruit Sho
Read moreHSBC downgrades Britvic as investment plan puts pressure on FCF generation
27th Nov 2015 09:43
(ShareCast News) - HSBC downgraded Britvic to 'hold' from 'buy' and slashed the price target to 700p from 860p. The bank said Britvic's strategy is sound. "The investment in the UK is required, Brazil should be a medium-term growth driver and we continue to see good growth potential from Fruit Shoo
Read moreSugar taxes and food promotion clampdown could follow PHE obesity report
22nd Oct 2015 16:24
(ShareCast News) - A report by UK public health officials has found sugar taxes are an effective tool to combat obesity and has called for restrictions on food manufacturers and supermarkets offering deals on unhealthy foods and marketing to children. The report, 'Sugar Reduction: The evidence for a
Read moreBritvic completes Ebba deal
1st Oct 2015 11:20
(ShareCast News) - Soft drinks group Britvic has completed the acquisition of Brazilian sector peer Empresa Brasileira de Bebidas e Alimentos SA (Ebba) for £120.8m On 23 July, the FTSE 250-listed company announced the acquisition, though it indicated the deal remained subject to regulatory and share
Read moreBritvic nabs CFO from SABMiller's South African division
30th Jul 2015 10:21
(ShareCast News) - Mathew Dunn has been appointed as Britvic's chief financial officer (CFO), the soft drinks group said in a statement on Thursday. Dunn, who will join the FTSE 250 company later in the calendar year, will replace outgoing CFO John Gibney, who will continue in his current role until
Read moreLondon close: East meets West as Nikkei picks up FT
23rd Jul 2015 17:57
(ShareCast News) - The sale of the FT Group by Japan's Nikkei livened up an otherwise lacklustre day in terms of economic data or news-flow. In an e-mail sent to subscribers Nikkei announced the £837m deal, which analysts saw as a bold bid by the Asian media group to break out of its home market. T
Read moreLondon midday: Stocks little changed as Pearson plots FT sale
23rd Jul 2015 12:49
(ShareCast News) - Despite lingering concerns over the situation in China and Greece corporate chiefs continued to see the current investment climate as favourable for deal-making. That was all too patent on Thursday morning as Pearson confirmed it was in advanced talks to sell the FT Group. As of
Read moreLondon open: Stocks edge higher after Greece approves reforms
23rd Jul 2015 09:42
(ShareCast News) - With inflation set to remain below its target for longer than expected and as the Greek crisis rolls on Barclays now thinks the European Central Bank will be forced to extend its programme of bond buying beyond the expected end date of September 2016. As of 0828 BST, the FTSE 100
Read moreBritvic enters Brazil market with acquisition; third-quarter revenue up 1%
23rd Jul 2015 08:41
(ShareCast News) - Britvic announced the acquisition of Brazilian soft drinks company Empresa Brasileira de Bebidas e Alimentos (Ebba) for around £113.6m. The transaction, which will be partly funded from the proceeds of a placing of new ordinary shares, provides Britvic with immediate access to the
Read moreSunday share tips: Britvic, Tungsten, Optibiotix
19th Jul 2015 17:49
(ShareCast News) - Shares in drinks maker and Wimbledon tennis sponsor Britvic are worth buying ahead of its third-quarter trading statement next Thursday, advised Questor in the Sunday Telegraph. The sunny weather in the UK and France should boost performance in the period, with analysts expecting
Read moreFood retailers defend sugar record after SACN report slashes sugar guidance
17th Jul 2015 10:38
(ShareCast News) - A government-backed report on carbohydrates has called for the British recommended daily allowance of sugar to be cut in half, which has forced retailers to robustly defend their efforts to cut the sugar content and calorie counts of their products. As expected, the Scientific Adv
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