FTSE 250 movers: Ocado rebounds from yesterday's heavy losses
2nd Jul 2014 15:02
Online grocer Ocado was rebounding strongly after a heavy fall the previous day with analysts at Deutsche Bank providing a lift by upgrading the stock to 'hold'. The company underwhelmed the market with its interim results on Tuesday, but the bank said it now sees limited downside to its target pric
Read moreCranswick non-exec builds stake
23rd Jun 2014 16:27
Non-Executive Director Mark Reckitt has modestly increased his holding in food producer Cranswick with the purchase of 1,300 shares. The £15,795 deal, in which Reckitt bought the shares at 1,215p each, came around one month after the group, which is Britain's largest pork processor, shrugged off r
Read moreHydroDec directors add 4.36m shares, stock value jumps
10th Jun 2014 15:52
A total of 4.36m shares were purchased by seven of HydroDec's board members this week, the oil technology group revealed on Tuesday. The transactions come just a few weeks after the group reported wider losses in the 12 months ended December 31st at $17.45m, compared to $14.20m a year earlier. T
Read moreWednesday broker round-up UPDATE
4th Jun 2014 09:28
Advanced Computer Software: Panmure Gordon ups target price from 139p to 155p and stays with its buy recommendation. Avacta: Numis shifts target price from 1.9p to 2p and retains a buy recommendation. Balfour Beatty: Westhouse Securities reduces target price from 302p to 220p keeping its neutral r
Read moreSunday share tips: United Utilities, TV and telecoms, Cranswick
25th May 2014 10:52
United Utilities faces regulatory wrangling and rising interest rates, making its shares no better than a hold, the Sunday Telegraph's Questor column said. The water company has reported rising profits, strong cash flows and dividend increases linked to inflation. But in future it is up against a re
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
Read moreLondon pre-open: Ukraine elections and BoE remarks in focus
19th May 2014 07:40
Stocks are set to begin this week little changed from the end of last, with just a modest decline of around seven points below Friday's close of 6,855.81. Investors will kick off today's session with AstraZeneca firmly in focus after its board rejected a final offer from US pharmaceutical rival Pfi
Read moreCranswick mitigates record pig prices, full-year profit rises
19th May 2014 07:04
- Lifts annual profit despite record pig prices - Mitigating costs, expanding in pork facilities - Increased dividend payment Britain's largest pork processor Cranswick shrugged off record input prices to report annual growth in most of its product categories and underlined its confidence in future
Read moreTuesday broker round-up UPDATE
8th Apr 2014 09:18
API Group: Numis lowers target price from 90p to 84p, while upgrading from add to buy. Cranswick: Investec increases target price from 1315p to 1390p retaining its buy recommendation. Daisy Group: FinnCap moves target price from 175p to 185p and retains a hold recommendation. DP World: Nomura rai
Read moreTuesday tips round-up: Breedon Aggregates, Cranswick
8th Apr 2014 09:06
The massive merger announcement from Holcim and Lafarge may have an unexpected beneficiary - in the form of Breedon Aggregates. The competition authorities in the UK are expected to approve the merger between those two European rivals, while at the same forcing them to let go of some assets. One pos
Read morePanmure says Cranswick can overcome rising costs
7th Apr 2014 14:25
Panmure Gordon & Co believes sausage maker Cranswick can survive rising pig prices, but it advised investors to hang onto their shares rather than buy more. Cranswick said on Monday that record input prices during the year to March 31st meant operating margins would be slightly below those achieved
Read moreMonday broker round-up UPDATE
7th Apr 2014 10:19
Abcam: Canaccord Genuity lowers target price from 386p to 375p, while upgrading from sell to hold. Aberbdeen Asset Management: Credit Suisse ups target price from 415p to 440p and stays with its neutral rating. AO World: Jefferies initiates with a target price of 410p and a buy recommendation. JP
Read moreRecord input prices to hit Cranswick FY margins
7th Apr 2014 07:07
Sales at sausage maker Cranswick sizzled higher, but the group said increased costs meant operating profit margins would be slightly below those a year ago. Cranswick said underlying sales in the year to March 31st climbed 12% on strong growth in demand for pork, bacon and cooked meats. Pastry sal
Read moreEx-Asos man Williams dips in on arrival at Rightmove
19th Mar 2014 15:57
Peter Williams, a new non-executive director at property website Rightmove, has made a significant statement about his confidence in the company with a 99,463 pounds purchase of shares just over a month after his appointment. Williams filled a similar independent role at online retailer Asos for ei
Read moreFriday broker round-up UPDATE
7th Mar 2014 09:39
AGA Rangemaster: N+1 Singer ups target price from 175p to 192p and maintains a buy recommendation. Aggreko: JP Morgan lowers target price from 1542p to 1536p and maintains a neutral rating. Goldman Sachs increases target price from 1876p to 1950p and keeps a buy recommendation. Numis upgrades to re
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