Broker tips: SABMiller, Rolls-Royce, C&C
27th Jan 2010 13:23
Credit Suisse recently met with SABMiller's Latin American management team and came away with its bullish perspective of the Peroni brewer reinforced. 'The stock is off 10% from its year-end 2009 peak and the PE [price/earnings] multiple has eroded by 12% from its peak 18x to today's 15.8x. We thin
Read moreBroker snap: Mixed pub trade news for C&C
27th Jan 2010 12:22
Citigroup has been poring over the sales data for the pub trade and has seen mixed news for Magners cider producer C&C Group. The data, covering the months of October and November last year, show a 'material improvement in the performance of Magners Original and in particular an improvement in Scot
Read moreLondon close: Footsie follows US lower
15th Jan 2010 16:39
Footsie finished the week on a low as a poor performance in the US dragged the leading share index down in afternoon trading. US shares fell after consumer confidence rose less than expected in January. Here, Man Group was the heaviest faller after the hedge fund manager suffered a 4% drop in fund
Read moreLondon afternoon: Flat Footsie
15th Jan 2010 14:27
The blue-chip index is treading water, though there has been some keen interest in the day's big results announcements. Man Group is sharply lower after the hedge fund manager suffered a 4% drop in funds under management during the third quarter, mainly due to the $1.2bn pulled out of its flagship
Read moreLondon midday: Leading shares ease back
15th Jan 2010 12:28
Leading shares are mixed, with the FTSE 100 dipping into negative territory after JP Morgan issued a mixed set of figures. The US banking titan's bottom line was healthier than expected, with fourth quarter earnings per share of 74 cents versus expectations of 60 cents, but net revenues of $25.2bn w
Read moreLondon open: Blue chips flat
15th Jan 2010 08:44
London is going nowhere this morning despite more gains in the US overnight and better than expected fourth quarter results from chip giant Intel, announced after hours. On home soil, Man Group suffered a 4% drop in funds under management during the third quarter, mainly due to the $1.2bn pulled ou
Read moreC&C sees some Christmas cheer
15th Jan 2010 07:48
Christmas brought a little bit of cheer for Magners cider group C&C, with December sales recovering after a weak November and profits to end-February still expected to come in at the top end of guidance. Cider volumes in December were 3% ahead of the same period in the prior year, with a 17% incre
Read moreBroker tips: Cable & Wireless, Premier Foods, C&C
1st Dec 2009 13:13
ING has upgraded Cable & Wireless ahead of the telecom firm's demerger, which the broker reckons makes a bid for one or both parts of the company more likely. According to ING, '65% of recent UK demergers have resulted in subsequent acquisitions.' In justifying its upgrade of the stock to 'buy', IN
Read moreBroker snap: Citi applauds Gaymers deal
1st Dec 2009 12:59
Magners cider maker C&C has had a tough time of it since rivals muscled in on its 'cider over ice' market, but Citigroup thinks the acquisition of The Gaymer Cider Company for £45m could prove a winner. Citi has crunched some numbers and reckons the deal could be earnings enhancing to the tune of 3
Read moreLondon close: Shares drop again in late trading
30th Nov 2009 16:32
London's blue chips recovered most of their losses in late afternoon trading and looked like they could be set for a positive finish before turning down again just before the close. Banks such as Lloyds Banking, Royal Bank of Scotland and Standard Chartered remained nervous about the debt situation
Read moreLondon afternoon: Banks pare losses
30th Nov 2009 14:36
Leading share prices are still holding steady at lower levels as investors await further developments from Dubai. Banks such as Lloyds Banking, Royal Bank of Scotland and Standard Chartered remain nervous about the debt situation in emirate, though the morning's losses have been pared. HSBC defie
Read moreC&C buys Constellation Brands' UK cider assets
30th Nov 2009 14:21
Magners maker C&C has agreed to buy the UK cider assets of Constellation Brands (CB), The Gaymer Cider Company for £45m in cash. The deal will be financed by a new bank facility of £60m. C&C expects that the transaction will be immediately earnings accretive and will generate a return on invested
Read moreComment: Diageo issues a sobering reminder
14th Oct 2009 18:49
Diageo's trading update today should serve as a warning to those who have become intoxicated by the soaring share prices seen in the past six months or so. While many companies have been witnessing green shoots or at least a stabilisation in the decline, the firm behind Smirnoff vodka and Guinness
Read moreSector movers: Economic outlook cheers miners
14th Oct 2009 14:49
Mining stocks are at the forefront of the advance today as metals prices advance, helped by news that China imported more copper in September than in the previous month. Among the risers are big firms such as Fresnillo, which said silver production increased 9.3% during its third quarter and said i
Read moreFriday tips round-up: Ted Baker, Ladbrokes, Carphone Warehouse
9th Oct 2009 06:36
Ted Baker yesterday provided further evidence that its upmarket, and sometimes quirky, clothing is still in fashion with British shoppers. The group's shares, which trade on a forward 2010 price earnings ratio of 14.3 times, are also at a premium to standard high street retailers, although this par
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