Broker tips: BAE Systems, Tesco, Dairy Crest
22nd Sep 2014 15:38
Analysts at UBS believe BAE Systems is in the right segments of the defence industry – aerospace and high-end technology – to capitalise on the increased emphasis on higher technology military operations. That is manifestly the case when one looks at the recent 50 nations for Air Power
Read moreFTSE 250 movers: Mining stocks drag after comments from China
22nd Sep 2014 15:38
The mining sector dragged the FTSE lower on Monday after China's finance minister over the weekend squashed speculation that the government would boost stimulus. China's Finance Minister Lou Jiwei said the government will not make any major policy changes in response to weak economic data and downwa
Read moreJP Morgan cuts target on Dairy Crest but keeps at overweight
22nd Sep 2014 15:30
Despite the losses incurred at its Dairies division during the first half of fiscal year 2015, resulting from declines in milk prices and cream prices, Dairy Crest has the opportunity to drive growth over the medium-to-longer-term through the management and development of its flagship brands. Hence,
Read moreLondon midday: Miners down after remarks from Chinese finmin, Tesco lower
22nd Sep 2014 12:23
Come midday London´s Footsie was by the far worst performer in Europe following a profit warning from troubled food retailer Tesco and remarks from China´s finance minister which may have dashed hopes of further policy stimulus. Worries over global growth prospects in China and the Eurozone weighed
Read moreMonday broker round-up UPDATE
22nd Sep 2014 11:28
Avation: WH Ireland shifts target price from 200p to 206p and maintains a buy recommendation BAE Systems: UBS raises target price from 460p to 505p and reiterates a buy recommendation. Centrica: Goldman Sachs ups target price from 385p to 396p leaving its buy recommendation unchanged. Chariot Oil
Read moreDairy Crest to close two sites and sees flat H1 profits
22nd Sep 2014 07:38
Milk products group Dairy Crest announced the closure of two plants with the potential loss of 260 jobs as it forecast that first-half profits would be flat due to tough markets. Dairy Crest said it was closing a glass bottling dairy in Hanworth, West London and a specialist cream potting facility i
Read moreLondon pre-open: FTSE to open lower ahead of Draghi speech
22nd Sep 2014 07:27
The UK's blue chips are set for a negative start on Monday morning, following a weaker finish in the US on Friday. City sources predict the FTSE 100 will open around 32 points lower than Friday's close of 6,837.92. "Global indices are looking to start the week on a somewhat softer tone, with the As
Read moreLondon pre-open: Stocks expected to rise ahead of FOMC meeting
17th Sep 2014 07:30
UK stocks were expected to track gains on Wall Street to push higher on Wednesday as investors took an optimistic approach ahead of the Federal Open Market Committee (FOMC) meeting in the States. City sources predict the FTSE 100 will open around 16 points higher than Tuesday's close of 6,792.24. T
Read moreDairy Crest appoint new chairman
17th Sep 2014 07:17
Britain-based Dairy Crest Group has appointed Stephen Alexander as its new chairman. Alexander replaces Anthony Fry, who was taken ill earlier this year and has left the group’s board with immediate effect. Having been appointed as non-executive director in 2011, Alexander was nominated chair
Read moreWednesday tips round-up: Carr's Milling, Dairy Crest
16th Jul 2014 08:15
Investors should 'buy' shares of Carr's Milling Industries, according to the Questor column in The Telegraph, which believes that the stock is "overlooked and undervalued". The paper explained that Carr's Milling is often overlooked by the market given that analysts struggle to put a value on the c
Read moreDairy Crest reliant on property sales for first half profit
15th Jul 2014 08:33
- Three of four brands grow sales - Dairies profits to be H2-weighted - Property sales to make the difference In the face of continued challenging market conditions in the first quarter, Dairy Crest still grew sales at three of its four key brands and said it remained confident of hitting full year
Read moreFTSE 250 movers: Mining stocks weaken, Hays extends losses
11th Jul 2014 15:26
Mining stocks were dominating the fallers list on the FTSE 250 on Friday as risk appetite weakened ahead of the weekend. Kazakhmys, Centamin, Polymetal and African Barrick Gold were all suffering heavy losses by the afternoon. UK recruitment company Hays was extending losses made yesterday after it
Read moreLondon midday: UK stocks rebound after four-day losing streak
11th Jul 2014 12:07
- FTSE 100 rises after hitting lowest since April 17th - Tobacco stocks lead gains after four-day sell-off - UK construction output declines techMARK 2,777.53 +0.27% FTSE 100 6,684.40 +0.18% FTSE 250 15,487.07 +0.31% Equity and bond markets across Europe were calmer on Friday morning after concern
Read moreLondon open: Tobacco gains help UK stocks snap four-day losing streak
11th Jul 2014 08:56
- M&A speculation gives tobacco sector a boost - Housebuilders rise, miners fall - FTSE 100 rebounds from lowest in nearly three months techMARK 2,779.11 +0.33% FTSE 100 6,690.42 +0.27% FTSE 250 15,518.58 +0.51% Strong gains from tobacco and construction stocks outweighed a decline in the heavywei
Read moreDairy Crest signs deal with world's leading dairy exporter
3rd Jul 2014 08:40
FTSE 250-listed Dairy Crest has signed a strategic partnership with Fonterra, the world's leading dairy exporter, which will market and sell two Dairy Crest products to the infant formula market for a minimum of five years. Dairy Crest explained that Fonterra will receive a commission to sell all
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