Tuesday broker round-up UPDATE
14th May 2013 08:04
Babcock International: Jefferies increases target price from 1080p to 1250p and maintains a buy recommendation. Barratt Developments: Bank of America takes target price from 265p to 325p, while downgrading to neutral. Belgravium Technologies: WH Ireland places both its target price and its neutral
Read moreCranswick acquires pig breeder
30th Apr 2013 09:25
Cranswick, the FTSE 250 meat processor, has acquired East Anglian Pigs (EAP), a firm which breeds and rears British pigs and is one of the group's key suppliers. EAP, which at the end of March has gross assets of £11.8m, will continue a separate operation with its own management team. In a state
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreCranswick keeps bringing home the bacon
4th Apr 2013 07:28
UK food supplier Cranswick said underlying full year sales increased by five per cent as robust demand for bacon, sausages and cooked meat products continues. Total sales for the year to March 31st 2013 climbed 7% after taking into account the contribution from Kingston Foods which Cranswick bought
Read moreWednesday broker round-up UPDATE
6th Feb 2013 10:12
ARM Holdings: Investec ups target price from 900p to 940p, maintaining its hold recommendation. JP Morgan increases target price from 540p to 625p and retains a neutral rating. UBS moves target price from 900p to 930p, while its neutral rating is reiterated. Espirito Santo raises target price from 8
Read moreFriday tips round-up: Royal Dutch Shell, BTG, Cranswick
1st Feb 2013 07:07
Royal Dutch Shell's fourth-quarter results were a mixed bag. In the final quarter of last year, profits on a current cost of supply basis - which strip out the effect of movements in the oil price on inventories - rose 15 per cent to 5.58bn dollars (3.5bn pounds), lower than a consensus view of 6.2b
Read moreCranswick serves up sizzling sales
31st Jan 2013 07:14
Strong demand for bacon, sausages and cooked meat products fuelled third quarter growth at UK food supplier Cranswick. Total sales for the three months to January 31st rose 8% from the same period last year, including the contribution from Kingston Foods, which was acquired in June 2012. Underlyi
Read moreThursday broker round-up UPDATE
31st Jan 2013 07:07
Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant
Read moreWednesday broker round-up UPDATE
28th Nov 2012 07:26
ARM Holdings: Barclays Capital raises target price from 750p to 820p, overweight rating kept. Assura Group: Oriel Securities starts with an add recommendation. Espirito Santo moves target price from 37p to 37.50p, buy recommendation unchanged. Britvic: Deutsche Bank raises target price from 370p t
Read moreTuesday tips round-up: GlaxoSmithKline, Cranswick,SDL
27th Nov 2012 08:37
Last month, GlaxoSmithKline (GSK) announced a review of its European operations as sales fell 5 per cent in the third quarter, to 6.53bn pounds, a decline which could lead to significant job cuts. The drugs group said continued pressure on drug prices in austerity-hit Europe, together with lower dem
Read moreFTSE 250 movers: SDL plunges on profit warning
26th Nov 2012 15:52
Business, translation and communications software company SDL plunged after it said it expects a profit shortfall, following a review of the firm, as its struggles against poor sales and marketing execution, as well as the tough economic environment. 'Management forecasts for the year are now consid
Read moreLondon midday: Stocks dip lower ahead of Eurogroup meeting
26th Nov 2012 12:06
- Market eyeing Eurogroup meeting tonight - Inconclusive election results in Catalonia - Qatar to sell warrants on Barclays UK equities had fallen slightly lower by midday, despite what appeared like relatively positive news-flow on a number of fronts. To a certain extent however, stocks may be t
Read moreLondon open: Markets start week on a weak footing
26th Nov 2012 08:37
- Market eyeing Eurogroup meeting tonight - Inconclusive election results in Catalonia - Qatar to sell warrants on Barclays UK equities began the week with light losses despite what appears like relatively positive news-flow on a number of fronts. Thus, the easiest explanation for the above contra
Read moreCranswick ramps up profit
26th Nov 2012 07:31
Bacon and sausage supplier Cranswick served up a hefty increase in half year profit, but warned higher pig prices during the period was an ongoing concern. Pre-tax profit rose 21% to £22.5m for the six months ended September 30th, while revenues climbed 6.0% to £418.6m. Cranswick's Chairman, Marti
Read moreMonday broker round-up UPDATE
19th Nov 2012 07:34
Aquarius Platinum: Nomura raises target price from 35p to 95p and upgrades from neutral to buy. Associated British Foods; Societe Generale upgrades to buy from hold. Atkins: Jefferies reduces target price from 850p to 800p, buy recommendation reiterated. Aveva: Panmure Gordon reduces target price
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