Broker tips: ABF, Poundland, Diageo
6th Aug 2015 13:08
(ShareCast News) - UBS downgraded Associated British Foods to 'neutral' from 'buy' and removed the stock from its 'key call' list, saying the valuation now reflects near-term US upside, but raised the price target to 3,180p from 3,050p as it rolls forward its estimates. It said the success of Primar
Read moreInvestec upgrades Diageo to 'buy' from 'hold'
6th Aug 2015 10:41
(ShareCast News) - Analysts at Investec upped their rating for Diageo to 'buy' from 'hold', and said a "change story" was underway. Investec raised its price target for the stock to 2070p from 1860p. In a note to investors, Investec said drinks maker Diageo was at an inflection point, and was in a
Read moreFTSE 100 movers: Shell rallies on better-than-expected earnings, but Centrica drops after announcing job cuts
30th Jul 2015 15:56
(ShareCast News) - London's top-flight index was up 0.6% at 6,670 by 15:41 BST, as investors waded through a raft of earnings reports. Royal Dutch Shell and BG Group were both sharply higher after Shell's second-quarter results beat expectations. The Anglo-Dutch oil major posted adjusted profits of
Read moreDiageo lifts 2016 guidance after serving up flat annual sales
30th Jul 2015 09:03
(ShareCast News) - Annual sales from Diageo were flat but the drinks giant put some fizz into its preliminary results with a 9% increase in the final dividend and pumped up its guidance for 2016. While reported net sales of £10.8bn were flat on volumes down 1% on an organic basis to £246.2m in the y
Read moreDiageo and Heineken swap South Africa and Namiba joint ventures
28th Jul 2015 09:35
(ShareCast News) - Diageo has agreed to sell all its stakes in joint-owned breweries in Namibia and South Africa to Heineken and take total ownership of a joint venture set up with the Dutch brewer. Diageo will receive a total net cash consideration of 2.5bn South African rand, approximately £128m f
Read moreFTSE 100 movers: Vodafone rallies, but Daily Mail and Diageo lose ground
24th Jul 2015 15:38
(ShareCast News) - London's FTSE 100 index was trading down 0.3% at 6,634 on Friday as investors sifted through a raft of earnings reports. Vodafone was the biggest riser on the FTSE 100 after it said it has made a good start to the year, with organic service revenue up 0.8% in the quarter ended 30
Read moreDiageo shares dip on US SEC's regulatory probe
24th Jul 2015 12:15
(ShareCast News) - Drinks maker Diageo was under the cosh on Friday after the US Securities and Exchange Commission said it has launched an investigation into whether the company has been shipping excess stocks to customers to boost its results. The company said in a statement: "Diageo has received
Read moreFriday newspaper round-up: Diageo, Amazon.co.uk, Russia
24th Jul 2015 07:18
(ShareCast News) - The British distiller of Johnnie Walker whisky and Smirnoff vodka has been asked for information from US financial regulators about the shipping of its drinks in the country. Diageo confirmed that the Securities and Exchange Commission (SEC) had made inquiries regarding its distri
Read moreThursday newspaper round-up: Greece, Chinese margin rules, General Electric
2nd Jul 2015 06:51
Michael Fuchs, a close ally of German Chancellor Angela Merkel, dismissed Greece's latest bailout proposal and said Germany would not "pour money" into a government that refused to change, The Telegraph reports. "China's securities regulator has moved to curb downward pressure on the country's tumbl
Read moreDiageo CFO to be president of North American business
30th Jun 2015 14:10
Diageo said on Tuesday that its chief financial officer Deirdre Mahlan is to be appointed as the president of its North American business. She will replace Larry Schwartz who, as previously announced, is due to retire by the end of this calendar year. The company said Mahlan's replacement will be a
Read moreTuesday share tips: Sky, BG Group, Vodafone
30th Jun 2015 12:02
Sky´s decision to dedicate one of its channels solely to Formula 1 fits in well with its strategy as a content distributor, but a theoretical purchase of the franchise whole does not. Speculation has surfaced it might do just that, with Liberty Global and a group backed by the Qatari government also
Read moreDiageo down on reports of no interest from 3G
25th Jun 2015 14:57
Shares in drinks group Diageo fell 2.2% on Thursday after CNBC anchor David Faber said on his TV show that private equity firm 3G had categorically no interest in the company. Earlier this month, Brazilian weekly news magazine Veja reported that 3G, which was founded by Jorge Paulo Lemann was mullin
Read moreLondon close: Stocks rise for fourth day on continued Greek optimism
23rd Jun 2015 16:40
UK stocks closed with small gains on Tuesday but finished higher for the fourth straight day as hopes over Greece continued to support markets. The FTSE 100 rose 9.2 points (+0.13%) to 6,834.87, its highest finish since 11 June, as broker upgrades lifted shares of blue chips Sports Direct, Smith & N
Read moreSector movers: Engineering, oilfield service companies keep London market in the green
23rd Jun 2015 16:32
Industrial engineering and oilfield services stocks kept the London market in positive territory on Tuesday as fears of Greece defaulting on its debt appeared to be receding. At 1545 BST, the blue chip FTSE 100 was trading up 0.34% or 23.22 points at 6,848.890 as the headline Markit/HSBC Chinese man
Read moreBroker Tips: Johnson Matthey, Vodafone, Greene King, Sports Direct, Diageo
23rd Jun 2015 14:12
Johnson Matthey rose 2.4% on Tuesday, topping the FTSE 100 leader board after Citigroup upgraded the stock to 'buy' from 'neutral' and raised the price target to 3,600p from 3,200p. Citi pointed out that 50% of the company's earnings before interest and tax is based on emission catalysts for light d
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