Tuesday broker round-up - UPDATE
21st Feb 2012 09:00
Admiral: Nomura reiterates buy recommendation and 1,100p target; Credit Suisse upgrades to outperform from neutral, lifts target from 1,100p to 1,300p. Morrison: Goldman Sachs adds to conviction sell list. Petropavlovsk: Nomura upgrades from reduce to neutral, target upped from 860p to 910p. Aber
Read moreMonday broker round-up - UPDATE
13th Feb 2012 09:08
SAB Miller: Credit Suisse initiates at outperform and with a price target of 2,900p. Lloyds: Nomura downgrades from neutral to reduce, cuts target from 40p to 35p. Royal Bank of Scotland: Nomura downgrades from neutral to reduce, cuts target from 34p to 26p. Barclays: Nomura downgrades from buy
Read moreDairy Crest hit by Quadra collapse
13th Feb 2012 07:16
Dairy Crest, the food company behind the Utterly Butterly and Cathedral Cheddar brands, says it will have to increase its bad debt provision as a result of one of its customers, Quadra, going into administration. The company will increase its bad debt provision by up to £4m, as that is the total a
Read moreThursday broker round-up
2nd Feb 2012 09:15
AstraZeneca: Panmure Gordon maintains buy rating and 3,600p target. Imperial Tobacco: Nomura upgrades from reduce to neutral, 2,150p target unchanged. Compass Group: Panmure Gordon maintains buy rating and 675p target. Smith & Nephew: Panmure Gordon reiterates buy stance and 640p target. Unileve
Read moreLondon open: Stocks pull back but Xstrata soars
2nd Feb 2012 08:35
Stocks opened slightly lower on Thursday, pulling back from the +100 point gain for the Footsie yesterday as markets celebrated positive global macroeconomic data with manufacturing indices in the UK, Eurozone, US and China all showing an improvement in January. In other news, ratings agency Standa
Read moreDairy Crest trading in line
2nd Feb 2012 07:12
Cheese and milk producer Dairy Crest said group sales increased by 2% in the first nine months of the year on a like for like basis as it battles against a challenging business environment. The group, which produces Cathedral City cheese, Clover and Frijj, said it has coped well in difficult tradi
Read moreFriday broker round-up -UPDATE
20th Jan 2012 09:17
Pearson: Credit Suisse raises target price to 1,210p from 1,175p. Polymetal: Credit Suisse downgrades to neutral from outperform; cuts target to 1,040p from 1,180p. William Hill: Credit Suisse raises target price to 227p from 214p. Man: Deutsche Bank upgrades to hold from sell. Petrofac: JP Mor
Read moreBroker tips: Premier Foods, Electrocomponents, Dairy Crest
14th Nov 2011 13:28
UBS has downgraded struggling food manufacturer Premier Foods from neutral to sell, saying it's "difficult to see a way back from here". "Acknowledging the banks' understandable reluctance to take outright control of Premier via a debt/equity swap, it is our belief that they are now in a position t
Read moreBroker snap: Little attraction to Dairy Crest, says Credit Suisse
14th Nov 2011 11:19
Due to "far from encouraging" interim results, Credit Suisse has cut its target price for Dairy Crest from 400p to 350p and reiterated its underperform rating for the cheese and milk group. The firm announced on Thursday that adjusted pre-tax profit rose 9% to £43.7m in the six months ended 30 Sep
Read moreMonday broker round-up - UPDATE
14th Nov 2011 09:19
Barclays: Goldman Sachs cuts to sell from neutral. BG Group: Evolution Securities keeps buy recommendation and 1,800p target. BG Group: Nomura maintains buy and 1,750p target. ITV: Peel Hunt retains buy and 73p target. ITV: Investec maintains hold rating and 55p target. Cairn Energy: UBS cuts
Read moreDairy Crest confident despite price pressures
10th Nov 2011 07:32
Cheese and milk producer Dairy Crest served up a robust set of half year figures and issued an upbeat full year outlook as it offset higher input costs with increased selling prices. The Cathedral Cheese maker said adjusted pre-tax profit rose 9% to £43.7m in the six months ended 30 September 2011
Read moreDairy Crest refinances
14th Oct 2011 07:38
Chilled foods provider Dairy Crest, probably best known for its Cathedral cheese product, has refinanced its debt on slightly more onerous terms. The group has arranged a new bank facility that will mature in October 2016 and has also raised £54.5m through a debt placement. "Key financial covenant
Read moreUPDATE: Tuesday broker round-up
20th Sep 2011 13:38
BAE Systems: Societe Generale upgrades to buy, raises target to 330p from 280p. Kesa Electricals: Espirito Santo downgrades to sell, cuts target from 110p to 75p. Wilmington Group: Peel Hunt upgrades to buy. Moneysupermarket.com: Brewin Dolphin upgrades to buy. Barratt Developments: Citigroup up
Read moreFirst broker round-up of the morning
20th Sep 2011 10:47
Ocado: UBS keeps at Buy, lowers the price target to 150p from 170p. Dairy Crest: UBS keeps at Neutral, lowers price target to 355p from 400p. Tesco: Nomura keeps on Conviction Buy list. AB
Read moreTuesday tips round-up: Ladbrokes, Morrisons, Dairy Crest...
20th Sep 2011 06:52
The clock is now ticking on Ladbrokes' proposed takeover of Sportingbet, says the Tempus column in the Times. Under the new takeover rules that came into play yesterday, the bookmaker has been given until October 17 to "put up or shut up" which, given that the two sides have been in talks since June
Read more