Sector movers: Food stocks binned after Tate & Lyle profit warning
6th Feb 2015 14:49
Tate & Lyle was dampening the food sector in London on Friday after the sweeteners maker disappointed investors with its second profit warning in just four months. Tate & Lyle said it now expects adjusted pre-tax profits for the year ending 31 March to be below previous guidance of £230m-245m. The
Read moreDairy Crest delivers "robust" results despite challenging market conditions
5th Feb 2015 10:05
Milk products producer Dairy Crest said its dairies business continued to make losses during the nine months to December, but its cheese and spreads divisions performed "robustly" against a challenging environment. In a bid to fight low milk prices and shift its attention on spreads and cheese, the
Read moreFTSE 250 movers: Kaz Minerals surges after hitting annual targets, energy stocks fall
29th Jan 2015 15:20
Kaz Minerals topped the risers after revealing it met its annual production target for 2014 with an output of 83,500 tonnes. Kaz's new gold and copper mine at Bozymchak, Kazakhstan, made its first shipment of concentrate at the end of 2014. Dairy Crest was also trading higher after signing a thre
Read moreDairy Crest not sour after Morrisons skims supply agreement
20th Jan 2015 14:50
Milk products producer Dairy Crest Group has lost a third of its fresh milk supply contract with WM Morrison Supermarkets as the deal was extended for a further three years. The firm, which owns Country Life butter and Cathedral City cheese, said it had agreed a three-year extension with Morrison to
Read moreFTSE 250 movers: Premier Farnell drops after warning on operating margin
14th Nov 2014 16:05
Shares in technology products distributor Premier Farnell took a hit after the group warned that its full-year operating margin would be "slightly" below prior year levels. The group experienced softer market conditions in Asia and Europe, which dragged the gross margin 0.5 percentage points lower.
Read moreBroker tips: Aggreko, SABMiller, Dairy Crest
14th Nov 2014 13:17
Third-quarter results from Aggreko were well-received by the market on Friday, but analysts at Peel Hunt chose to keep a 'hold' rating on the temporary power and temperature control group due to a cautious outlook. Peel Hunt analyst Andrew Nussey said that the statement was in line with expectations
Read moreCredit Suisse upgrades Dairy Crest, sparks M&A speculation
14th Nov 2014 12:32
Shares in Dairy Crest received a boost from Credit Suisse on Friday as the broker raised its rating for the cheese, spreads and dairy-products group and speculated about a potential takeover offer from a larger food group. The bank upgraded the stock from 'underperform' to 'neutral' and hiked its ta
Read moreMarket overview: US data boosts stocks
14th Nov 2014 09:14
1630:Close Shares of Aggreko led gains on the top flight index after pleasing investors with its trading update. Tesco and Sainsbury also did well, with the former having received an upgrade out of HSBC. Large gains were also to be seen in Petrofac and Aberdeen Asset Management. Boosting stocks on F
Read moreWednesday broker round-up UPDATE
12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read moreDairy Crest sells milk operations to Müller for £80m
6th Nov 2014 08:36
Milk and butter group Dairy Crest is selling its dairy operations to German group Müller for £80m to focus on its cheese and spread business. Dairy Crest said the sale to Müller's UK and Ireland business would include its milk delivery operations, its Frijj milk shake brand and cream, bulk butter an
Read moreTuesday broker round-up UPDATE
21st Oct 2014 08:50
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating. Anglo American: JP Morgan raises target price from 1240p to 1310p, while leaving its underweight rating unchanged. Investec increases target price from 1573p to 1603p and stays with its buy reco
Read moreTuesday tips round-up: Dairy Crest, Graphene Nanochem
7th Oct 2014 07:33
The drop in commodity prices is hurting dairy processor Dairy Crest, piling the pressure on the farmers which supply it. The company has been forced to cut its payments to them thrice since July - with another reduction expected in November. Cream and skimmed milk powder prices, for example, fell by
Read moreTuesday broker round-up UPDATE
30th Sep 2014 09:50
Aberdeen: Goldman Sachs ups target price from 540p to 560pp retaining a buy recommendation. African Barrick Gold: Deutsche Bank moves target price from 270p to 280p and reiterates a hold recommendation. Investec lowers target price from 260p to 258p, while upgrading to buy. African Minerals: Invest
Read moreFriday broker round-up UPDATE
26th Sep 2014 08:38
Balfour Beatty: Deutsche Bank ups target price from 245p to 270p upgrading to buy. Betfair: JP Morgan raises target price from 1050p to 1175p leaving its neutral rating unchanged. British Land: Societe Generale upgrades to buy with a target price of 780p. Dairy Crest: Investec cuts target price fr
Read moreThursday broker round-up UPDATE
25th Sep 2014 08:48
Amec: UBS raises target price from 1100p to 1215p upgrading from neutral to buy. Aquarius Platinum: Citi lowers target price from 26p to 22p maintaining a neutral rating. Arrow Global: Panmure Gordon ups target price from 335p to 360p and keeps a buy recommendation. Barr (AG): Numis ups target pri
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