Tuesday preview: Tesco, CVS, Service Sector
4th Oct 2010 16:21
Britain's largest retail group, Tesco, releases interim figures on Tuesday. The group is famed for driving hard bargains with its suppliers but it announced in the middle of last month that it would start paying its milk suppliers an extra 1.28p per litre from the beginning of October. The move is
Read moreMARKET TALK: Panmure Downgrades CVS Group To Hold From Buy
30th Jun 2010 10:56
0956 GMT [Dow Jones] Panmure Gordon downgrades CVS Group (CVSG.LN) to hold from buy and cuts target price to 109p from 200p following the company's profit warning. "With LFLs yet to recover we now feel we are in unchartered territory and believe it will take some time for confidence to return." Brok
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
30th Jun 2010 10:56
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0956 GMT [Dow Jones] Panmure Gordon downgrades CVS Group (CVSG.LN) to hold from buy and cuts target price to 109p from 200p f
Read moreCVS crashes on new warning
29th Jun 2010 14:06
Shares in veterinary services group CVS tumbled 34% on a warning sales for the last year to June will be £85m, £1m below forecasts. Trading conditions have remained tough in recent months it added, though overall the group will still record modest like-for-like growth for the year as a whole adjust
Read moreMARKET TALK: KBC Peel Hunt Downgrades CVS To Hold From Buy
29th Jun 2010 10:49
0949 GMT [Dow Jones] KBC Peel Hunt downgrades CVS Group (CVSG.LN) to hold from buy and target to 150p from 250p. Notes year end sales are expected to come in at around GBP85M, vs KBC's estimate of GBP87.5M, after a disappointing May and June. KBC cuts it '10 pretax profit forecast to GBP9.1M from G
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
29th Jun 2010 10:49
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0949 GMT [Dow Jones] KBC Peel Hunt downgrades CVS Group (CVSG.LN) to hold from buy and target to 150p from 250p. Notes ye
Read moreCVS Group: FY Turnover To Be GBP85M, Completes 3 New Buys In June
29th Jun 2010 07:16
LONDON (Dow Jones)--CVS Group PLC (CVSG.LN), a veterinary services provider, said Monday turnover for the year will be in the region of GBP85 million, net of inter company sales of GBP2 million. MAIN FACTS: -The expected turnover is in the region of GBP1 million below the board's expectation
Read moreCvs Group Plc Trading Update & Acquisitions
29th Jun 2010 07:00
TIDMCVSG RNS Number : 3866O CVS Group plc 29 June 2010 ? Trading update and Acquisitions The Board announced on 19 May 2010 that it expected results for the year to be below market expectations. Trading conditions have remained tough throughout the rest of the group's financial year which will
Read moreWednesday tips round-up: BP, Segro, Dunelm
28th Apr 2010 06:36
The tragic situation in the Gulf of Mexico has taken the shine off what was an excellent performance from BP in the first quarter of the year says the Telegraph. The shares are trading on a December 2010 earnings multiple of 9.2 times, falling to 7.9 next year. They were first recommended at 487½p
Read moreTuesday tips round-up: Witan, Supergroup, DTZ
16th Mar 2010 06:49
Witan is by nature at the more pedestrian end of the investment trust scale ? it will never provide the volatility of a 3i or Candover. Its share buyback policy also means that it never falls to a wide discount to NAV, such as is periodically the case at Alliance Trust, its FTSE 100 peer. But its
Read moreSunday tips round-up: Animalcare, CVS, Amec
7th Mar 2010 10:44
Animalcare is ideally placed to take advantage of this trend. Formed in 2008 from the merger of a pet drugs business and a farm animal enterprise, the firm has three main divisions --medicines for pets, medical products for pets (such as injections, bandages and drips) and identity tags for pets and
Read moreWednesday tips round-up: Imperial Tobacco, JD Sports, Synchronica
23rd Sep 2009 06:46
Imperial Tobacco yesterday issued a full-year update that reassured the market on various points. In particular, there was some concern at the half-year results that the company would not raise the full-year dividend by as much as everyone had expected. The shares stands at just over 11 times forec
Read moreLondon close: Shares end up but down from highs
22nd Sep 2009 16:39
London's leading shares finished with slight gains but were well below earlier highs as miners eased back slightly. Eurasian Natural Resources, Lonmin, Xstrata and Vedanta Resources still posted healthy gains, while precious metals miners Fresnillo and Randgold Resources were also on the climb. R
Read moreLondon afternoon: Shares off the top
22nd Sep 2009 14:07
Shares drifted lower over the lunchtime session but are still up on the day, helped in no small part by the strength of miners, which are rising in line with firmer metals prices. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of
Read moreLondon midday: Rio's assets sale continues
22nd Sep 2009 12:10
Miners continue to lead the market higher as investors return to the market after yesterday's pause for breath. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of the Alcan Engineered Products division, to Swiss firm Schweiter Tec
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