Friday broker round-up
30th Mar 2012 10:12
Cranswick: Investec lifts target to 870p and remains a buyer; Peel Hunt ups target from 750p to 800p, hold rating kept. Electrocomponents: Peel Hunt raises target from 180p to 225p but maintains sell recommendation. ENRC: Nomura slashes target from 750p to 700p and keeps reduce stance. FirstGroup
Read moreCranswick says trading on a streak
30th Mar 2012 07:38
Bacon and sausage supplier Cranswick enjoyed a sizzling end to its financial year, with a positive contribution from all product categories. The group said it was pleased with trading in the three months to the end of March which will leave underlying like-for-like sales up 10% in the full year nu
Read moreThursday broker round-up
16th Feb 2012 09:36
Anglo American: AlphaValue upgrades to buy from add and raises its price target to 3,331.4p from 3,340.2p; Nomura resumes coverage with neutral rating and 3,300p target. Kingfisher: Panmure Gordon maintains buy rating and 350p target. Reed Elsevier: Peel Hunt keeps hold rating and 556p target; Pan
Read moreWH Smith Chief sells 40% of her shares in the firm
2nd Feb 2012 15:31
Kate Swann, Chief Executive of WH Smith, the books and stationary retailer, has sold a sizeable chunk of her stake in the firm to raise capital to buy herself more property, according to a company spokesperson. Swann, who is widely held responsible for turning the company around since her arrival
Read moreTuesday newspaper round-up: Eurozone, US savings, pork,IPOs
31st Jan 2012 07:04
European leaders agreed on a permanent rescue fund for the Eurozone, and 25 out of 27 EU states backed a fiscal pact for stricter budget discipline in the Eurozone, while a deal on Greek debt is expected in "days". Only Britain and the Czech Republic refused to agree to the fiscal compact, due to be
Read moreLondon close: Euro worries drag Footsie down 1.1%
30th Jan 2012 17:13
Just nine stocks in the FTSE 100 finished above water on Monday as the Eurozone crisis weighed heavily on sentiment. With the borrowing rate of Portuguese debt surging, Greek talks still unresolved and an EU summit taking place, a risk-off attitude swept across the market today with resource stocks
Read moreLondon midday: Stocks fall ahead of EU summit
30th Jan 2012 11:55
London's blue chip index had fallen close to its lowest levels of the day by lunchtime ahead of the EU summit in Brussels. Meanwhile, markets were still digesting the downgrade of five Eurozone nations on Friday and the talks between the Greek government and private creditors that are still ongoing.
Read moreLondon open: Banks weigh on Footsie lower early on
30th Jan 2012 08:18
The FTSE 100 slipped towards the 5,700 level in early trade, with the banks providing a drag as investors digested the downgrade of five Eurozone nations and the ongoing talks in Greece. Fitch announced late on Friday to downgrade the ratings of five Eurozone nations - Italy, Spain, Belgium, Cyprus
Read moreSales growth speeds up at Cranswick
30th Jan 2012 07:11
Meats and 'foods-to-go' producer Cranswick saw sales growth accelerate to 10% in the third quarter ended December 31st, from just 3% in the first half. The good performance was helped by a particularly strong quarter for bacon and fresh pork products as well as positive contribution from all other
Read moreLondon open: Banks lead modest advance
14th Nov 2011 08:42
Stocks edge higher, with banks to the fore, though sentiment has been dampened by a gloomy prognosis on the UK jobs market from the Chartered Institute of Personnel and Development (CIPD). The CIPD predicts that "the employment situation will get worse for the rest of the year, while medium-term pr
Read moreCranswick cost pressures eat into profit
14th Nov 2011 07:07
UK pork products supplier Cranswick served up a 3% increase in half year revenue while profits succumbed to input cost pressures. East Yorkshire-based firm said it remains cautiously optimistic about the remainder of the year in what has been and remains a "testing economic and consumer environment
Read moreUPDATE: Thursday broker round-up
6th Oct 2011 09:28
Intermediate Capital: RBS cuts target from 405p to 360p, buy rating maintained. EasyJet: Credit Suisse upgrades to overperform from neutral. RyanAir: Credit Suisse upgrades to overperform from neutral. Tesco: Credit Suisse reiterates overperform with target at 500p. Tesco: Evolution Securities
Read moreCranswick sees half-year sales rise
6th Oct 2011 07:54
Meat producer Cranswick, which warned in July that full-year results would be below expectations due to rising raw material costs, said that trading over the last few months has been as anticipated. The firm did not enclose any information on the profit front, but said that underlying turnover in t
Read moreCroda boss Flower's stake grows
28th Jul 2011 17:36
Croda's chief executive Martin Flower spent more than £56,000 on shares in the speciality chemicals company - only to see the value of the shares fall on the back of its interim results. He took 3,000 shares at 1,892.2p a time and now has nearly 26,000. Shares in the company, which supplies chemica
Read moreFTSE 250 Movers: Provident Financial sees sharp rise
27th Jul 2011 13:42
Shares in Provident Financial jumped after the doorstep lender lifted half year profits on the back of higher customer numbers. Pre-tax profits in the half year to 30 June climbed to £62.3m from £54m as customer numbers increased to 2.4m from 2.3m. Pork products supplier Cranswick saw its share
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