Dairy Crest reports 19pc rise in first half profits
10th Nov 2016 07:49
(ShareCast News) - Dairy Crest reported a 19% increase in adjusted pre-tax profit to £19.1m in the first half as the company underwent a restructuring. Revenue fell 7% to £190m in the six months ended 30 September, reflecting deflationary pressures in its markets. Despite a challenging market, the
Read moreTuesday newspaper share tips: Dairy Crest, Mitie
20th Sep 2016 15:21
(ShareCast News) - Dairy Crest shares are still a buy, despite the most recent concerns surrounding increases in two of the key commodities which the company relied upon, The Times's Tempus said. Indeed, at least to an extent the drop in the stock after the company warned about the potential negativ
Read moreDairy Crest churns out flat first quarter
19th Jul 2016 07:10
(ShareCast News) - Dairy Crest said first-quarter trading was in line with full year expectations as combined sales volumes of key brands Cathedral City, Clover, Country Life and Frylight were in line with the same period last year. The FTSE 250 group said the relaunch of Cathedral City with new pac
Read moreDairy Crest sales bounce back but disposal proceeds disappoint
11th Feb 2016 08:07
(ShareCast News) - In its first quarterly results since offloading its dairy business on Boxing Day, Dairy Crest said its cheese and spreads brands were riding out the stormy markets and remained in line to hit full year targets. Final net proceeds from the disposal are now expected to be around £30
Read moreFriday broker round-up
29th Jan 2016 16:47
(ShareCast News) - Experian: Exane BNP Paribas upgrades to outperform with a 1350p target. Mitchells & Butlers: JP Morgan downgrades to neutral with 370p target, down from 420p Dcc: Exane BNP Paribas promotes to outperform with 6200p target. Lonmin: HSBC upgrades to buy, target 76p; Deutsche reite
Read moreLondon pre-open: Stocks seen a little higher amid holiday-thinned volumes
29th Dec 2015 07:02
(ShareCast News) - London stocks are expected to open 14 points higher at 6269, with little due in the way of market-moving news and many traders still away from their desks for the Christmas holiday. There are no major UK data releases scheduled for release, but in US, the goods trade balance is
Read moreDairy Crest takes full ownership of Promovita joint venture
21st Dec 2015 08:00
(ShareCast News) - Dairy Crest took full ownership of its galacto-oligosaccharide business on Monday. The FTSE 250 dairy company confirmed it had taken the remaining 50% share in Promovita Ingredients, which was held by Fayrefield Foods, for a cash consideration of £6m. Dairy Crest said it was fund
Read moreJefferies downgrades Dairy Crest on valuation
10th Nov 2015 08:31
(ShareCast News) - Jefferies downgraded Dairy Crest to 'hold' from 'buy' on valuation grounds, following confirmation of the Dairies unit sale and last week's first half results. "DCG is on course to be a more profitable, faster growing, cash-generative business. Against which, the shares are up 45%
Read moreDairy Crest profit drops on lower cheese sales
5th Nov 2015 10:06
(ShareCast News) - Dairy Crest Group has posted a first half drop in profit as it struggles with lower selling prices across the business and reduced product volumes. The FTSE 250 company released its interim results for the six months to 30 September on Thursday. Revenue dipped by 5% on the previo
Read moreTuesday broker round-up
20th Oct 2015 11:15
(ShareCast News) - Domino's Pizza Group: Citigroup upgrades to buy, bumps up target price to 1,170.00p. Randgold Resources Ltd: Deutsche upgrades to buy, raises target price to 5,050.00p. Aveva Group: Berenberg Bank upgrades to buy, lifts target price to 2,450.00p. Dairy Crest Group: HSBC reiterat
Read moreCMA approves Dairy Crest disposal to Muller
19th Oct 2015 15:13
(ShareCast News) - Dairy Crest's disposal of its dairy business to Germany's Müller has been given the green light by the UK competition regulator. The Competition and Markets Authority (CMA) accepted remedies suggested by Müller to resolve competition concerns and said that the deal, which was firs
Read moreSunday newspaper round-up: HSBC, bank charges, ITV, Dairy Crest
18th Oct 2015 16:00
(ShareCast News) - HSBC has swung back in favour of keeping its headquarters in the UK, after some placatory watering down of planned reforms within the banking industry. The bank, which had threatened to move out of Britain, has been placated by Chancellor George Osborne's decision to reduce the ba
Read moreCMA to accept Müller's undertakings in Dairy Crest deal
30th Sep 2015 15:55
(ShareCast News) - Dairy Crest said Britain's Competition and Markets Authority (CMA) will accept the ratified proposal by Müller UK & Ireland Group for the purchase of Dairy Crest's dairies business. On 6 November last year, the FTSE 250 group agreed to sell its dairies operations to Müller UK & Ir
Read moreLondon pre-open: Investors to focus again on comments from central bankers
22nd Sep 2015 07:29
(ShareCast News) - Traders were expecting a slightly lower open despite the late gains seen on Wall Street overnight. The top flight index was being called to start the day two points lower from Monday's close of 6,108.71. The main US equity averages ended the session on the up as gains in financia
Read moreDairy Crest sees lower first half profits from core products
22nd Sep 2015 07:14
(ShareCast News) - Dairy Crest said first quarter total sales of it four key brands, Cathedral City, Clover, Country Life and Frylight, were in line with the same period of last year, but added that profits in the first half would be lower before an expected second half improvement. The company said
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