Broker tips: Dairy Crest, Unilever, ICAP
12th Aug 2015 11:06
(ShareCast News) - Credit Suisse lowered its rating for Dairy Crest to 'neutral' from 'outperform' following a strong run in the company's share price. Analyst Charlie Mills said in a note Credit Suisse had raised its price target to 620p from 580p, after a 17% increase in the share price, triggered
Read moreCredit Suisse downgrades Dairy Crest as shares rise
12th Aug 2015 10:41
(ShareCast News) - Credit Suisse lowered its rating for Dairy Crest to 'neutral' from 'outperform' following a strong run in the company's share price. Analyst Charlie Mills said in a note Credit Suisse had raised its price target to 620p from 580p, after a 17% increase in the share price, trigge
Read moreWincanton shares up on Dairy Crest contract renewal
6th Aug 2015 09:33
(ShareCast News) - Shares in Wincanton were up after the company renewed a contract with milk giant Dairy Crest. The distribution firm's share price rose 1.37% to 192.60p at 0944 BST. Wincanton, which has partnered with Dairy Crest for more than 20 years, said in a statement it would continue to c
Read moreFriday broker round-up
24th Jul 2015 16:19
(ShareCast News) - Aberdeen Asset Management: JP Morgan Cazenove reiterates neutral stance and trims target to 415p from 435p. SocGen stays at hold but lowers target to 410p from 485p. Jefferies keeps at hold with 405p target, down from 460p. Aggreko: Investec keeps at sell. AG Barr: Investec reite
Read moreWednesday share tips: First Group, Dairy Crest
15th Jul 2015 19:22
(ShareCast News) - First Group lost two rail franchises last year and failed to replace them, setting the company up for a tough year. UK Rail was the biggest contributor to the company's top line but it is now expected to be approximately £900m lower as a result. Compounding matters, less expensive
Read moreAnalysts mixed on Dairy Crest update
14th Jul 2015 11:24
(ShareCast News) - Analysts at Numis and Investec have both moved ratings for Dairy Crest, albeit in different directions. Numis upgraded its rating for Dairy Crest from 'hold' to 'add' after the company said it would meet expectations. The broker also raised its price target for the milk, cheese a
Read moreDairy Crest cheese sales remain on target but butter's slide continues
14th Jul 2015 08:31
(ShareCast News) - Sales at Dairy Crest remained broadly in line with forecasts in the second quarter, with higher revenues from Cathedral City cheese and Frylight cooking oil counterbalanced by continuing challenges from a declining butters and spreads market. Ahead of its annual shareholder meetin
Read moreBroker tips: RBS, Tate & Lyle, Dairy Crest
8th Jul 2015 11:19
Charles Stanley has raised its recommendation for Royal Bank of Scotland from 'reduce' to 'hold', saying the stock is now "fairly valued" despite remaining misconduct uncertainties. The broker said RBS has been the standout laggard in the UK banking sector so far this year, falling by 15%. "We belie
Read moreCredit Suisse ups Dairy Crest to 'outperform', assumes sale of dairy division
8th Jul 2015 09:40
Credit Suisse upgraded Dairy Crest to 'outperform' from 'neutral' and raised the price target to 580p from 485p, as it revised forecasts to assume a sale of the dairy division. CS said the conciliatory tone struck by the Competition Markets Authority, together with Muller's desire to find an agreeab
Read moreMüller makes fresh offer to progress Dairy Crest takeover
26th Jun 2015 14:52
Dairy company Müller made a new proposal to address a UK regulator's concerns over its £80m takeover of Dairy Crest Group. The deal was being reviewed by the Competition and Markets Authority (CMA) who had said it would need to go to a stage 2 in-depth investigation if Müller did not address its con
Read moreFTSE 250 movers: JustEat surges on Munlog offer, miners higher
22nd May 2015 13:15
UK stocks were retained gains on Friday, buoyed by higher commodity prices and data revealing the US remained in deflation last month. Sector-wise gains made by miners, engineers and telecoms stocks outweighed weakness in technology and travel stocks. As of 15:30 BST, the FTSE 250 was trading 68 po
Read moreFTSE 250 movers: Booker soars on retail bid, Inchcape hit by weaker revenue
21st May 2015 13:20
London's secondary equity index was inching higher on Wednesday afternoon, buoyed by stronger than expected retail sales and strong performances from mining, telecommunications and pharmaceutical stocks. As of 3:40, the FTSE 250 was trading 4.4 points higher at 18,140. Food wholesaler Booker jumped
Read moreDairy Crest annual profits curdle but company remains confident
21st May 2015 09:19
Dairy food group Dairy Crest annual pre-tax profits plunged, dragged lower by the dairies division. In the year to 31 March, the group's pre-tax profits fell 59% year-on-year to £22.1m, while revenue declined 4% to £1.3bn and adjusted pre-tax profits slid 7% to £60.6m. The drop in profits was drive
Read moreCompetition regulator to review Dairy Crest's dairies disposal to Müller
23rd Mar 2015 07:45
Dairy Crest's proposed sale of its dairies operations to Müller has been referred to the Competition and Markets Authority (CMA), though the branded milk, cheese and spreads maker has said the deal still "remains on track". The sale, first announced in November 2014, will see Dairy Crest offload its
Read moreLondon pre-open: Small gains expected as FTSE extends record
23rd Mar 2015 07:40
UK stocks are set to extend a record high on Monday morning following positive newsflow from Greece and continued bullishness following the Federal Reserve meeting. City sources predict the FTSE 100 will open 13 points higher than Friday's close of 7,022.51. US markets finished strongly on Friday,
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