Monday broker round-up
28th May 2012 09:26
888 Holdings: Panmure Gordon reiterates buy rating and 93p target. Aggreko: AlphaValue upgrades from sell to add, target kept at 2,206.5p. Aveva: Panmure Gordon cuts target from 1,670p to 1,590p, hold rating unchanged; Merchant Securities keeps buy rating and 1,800p target. Britvic: UBS cuts targ
Read moreThursday broker round-up - UPDATE
24th May 2012 09:27
ARM Holdings: Jefferies reiterates buy recommendation and 485p target. ASOS: Investec keeps hold rating and 1,250p target. AstraZeneca: AlphaValue upgrades to BUY from add. Booker: Panmure Gordon upgrades from hold to buy. Bowleven: UBS slashes target from 105p to 70p, neutral rating unchanged.
Read moreDairy Crest swings to full year loss
24th May 2012 07:16
Cheese and milk producer Dairy Crest reported a £10.1m loss compared to a £77.8m profit the year earlier, after it incurred impairment charges at its dairies business. For year ended 31 March 2012 revenue increased 2% to £1.6bn while adjusted pre-tax profit was unchanged at £87.4m. Exceptional non-
Read moreLondon close: Stocks tank after US payrolls disappointment
4th May 2012 17:00
- US payrolls data sinks global markets - Eurozone services PMI revised lower - Miners lead fallers in London, RBS erases gains The early sell-off for the FTSE 100 accelerated in afternoon trade after the increase in US payrolls came in well below expectations fuelling a sell-off in global stock ma
Read moreFriday broker round-up
4th May 2012 09:21
AstraZeneca: UBS raises target from 3,400p to 3,500p, buy rating unchanged. BG Group: Nomura cuts target from 1,950p to 1,850p, buy rating kept. British Land: Jefferies upgrades British Land from hold to buy, targetupped from 517p to 543p. Dairy Crest: Jefferies initiates coverage with a buy reco
Read moreFTSE 250 movers: Afren in pole position
17th Apr 2012 15:27
Afren rose into the top spot after announcing that it thinks it might have struck it big in the Kurdistan region of Iraq with its Simrit-2 exploration well. "The scale of the oil column that has been intersected suggests that the Simrit structure and surrounding prospects elsewhere on the Ain Sifn
Read moreLondon midday: Gains cemented by Spanish auction, ZEW index
17th Apr 2012 11:39
- Spain sees strong demand at debt auction - German ZEW surprises to the upside - Barclays leads banks higher after BofA note Gains for London's blue chip index had been extended by Tuesday lunchtime after some positive newsflow from Europe and a rebound in the banking sector. Spain issued €3.18bn
Read moreLondon open: Stocks rise ahead of Spanish auction
17th Apr 2012 08:38
- Burberry, M and S tumble after trading updates - Banks in demand after yesterday's fall - Eyes on Spanish bond auction UK blue chip stocks opened broadly higher on Tuesday morning, as a rebound in the banking sector offset some poorly received trading updates from Burberry and Marks and Spencer.
Read moreTuesday broker round-up - UPDATE
17th Apr 2012 08:36
BHP Billiton: Jefferies reiterates buy rating and 2,500p target. Burberry: Merchant Securities downgrades from buy to hold; Investec maintains buy recommendation and 1,690p target. Dairy Crest: Numis upgrades from add to buy. Daily Mail & General Trust: Investec maintains buy rating and 578p targ
Read moreDairy Crest to close two dairies after Tesco cuts ties
17th Apr 2012 07:47
Milk, cheese and spreads group Dairy Crest is looking to close two of its dairies and has revealed that a Tesco contract will not be renewed. The company said it has proposed to consult on the closure of its dairies at Aintree (Liverpool) and Fenstanton (Cambridgeshire) later this year as part of i
Read moreFoods strength outweighs dairy weakness at Dairy Crest
29th Mar 2012 07:12
Cheese and milk producer Dairy Crest said trading in its fourth quarter has remained in line with company expectations as a strong performance from its foods businesses compensates for headwinds at its dairies division. Sales volumes of its five key brands Cathedral City, Country Life, St Hubert Om
Read moreLondon close: Stocks rise as Greece secures bailout
9th Mar 2012 16:43
- 85.8 per cent of private creditors accept Greek bond-swap - Juncker says that bailout conditions have been met - Aggreko leads the rise after results After a subdued start, the Footsie jumped into the blue in afternoon trade on Friday, after Eurogroup President Jean-Claude Juncker said that the G
Read moreFTSE 250 movers: LSE advances after winning LCH.Clearnet's hand
9th Mar 2012 13:07
The board of the London Stock Exchange (LSE) and the top brass at clearing house LCH.Clearnet have thrashed out the terms under which the clearer will become part of the LSE group, sending the latter's shares soaring. Dairy foods group Dairy Crest was another big riser, after announcing that it is
Read moreFriday broker round-up
9th Mar 2012 10:00
ITV: Goldman Sachs raises price target to 137p from 102p, keeps at buy. Admiral: UBS hikes target from 890p to 1,085p, neutral rating unchanged. Bank of America-Merrill Lynch downgrades to underperform from neutral. AGA Rangemaster: Merchant Securities reiterates buy rating and 102p target. Ca
Read moreDairy Crest could be saying au revoir to French spreads division
9th Mar 2012 07:29
FTSE 250 dairy foods group Dairy Crest is shaking up its French branded spreads business and considering a possible sale of its St Hubert division. St Hubert, bought by Dairy Crest in 2007, manufactures Cholegram, Le Fleurier and Omega 3, the top selling spreads in France which account for 36% of t
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