Sector movers: Beverages gain as Diageo's results impress
31st Jul 2013 15:34
Strong gains for Diageo helped push the beverages sector higher on Wednesday as investors toasted a solid set of results from the maker of Guinness, Baileys and Smirnoff . The company delivered a 5.0% increase in net sales in the year to June 30th from £10.76bn to £11.43bn, in line with expectatio
Read moreFTSE 100 movers: Investors toast solid annual results from Diageo
31st Jul 2013 15:11
Diageo, the beverages company behind the Guinness, Baileys and Smirnoff brands, was a high riser on Wednesday after delivering a solid five per cent increase in full-year net sales, driven by strength in the North American and spirits markets. Drinks company SABMiller was also making gains. Centric
Read moreLondon midday: Markets celebrate fall in Eurozone unemployment
31st Jul 2013 12:03
A fall in unemployment in Europe and some well-received corporate earnings pushed the FTSE 100 into positive territory on Wednesday morning, as traders showed optimism ahead of a policy announcement by the Federal Reserve later this evening. Some 24,000 fewer people were without a job in the Eurozo
Read moreLondon open: Markets flat as investors await FOMC, economic data
31st Jul 2013 09:06
Markets in the UK opened broadly flat on Wednesday morning as investors adopted a wait-and-see approach ahead of a policy announcement from the Federal Reserve. All eyes will be on the Federal Open Market Committee as its two-day meeting comes to a close this evening. While few actually think that
Read moreSales growth at Diageo strengthened by US, spirits
31st Jul 2013 08:06
Diageo, the beverages company behind the Guinness, Baileys and Smirnoff brands, achieved solid growth in sales in the year to June 30th but said trading still remained depressed in Western Europe. Net sales, which is total revenue minus excise duties, rose 6.0% from £10.76bn to £11.43bn during the
Read moreLondon pre-open: Flat start expected ahead of Fed decision
31st Jul 2013 07:30
Markets are expected to open broadly flat on Wednesday as investors adopt a cautious approach ahead of the money policy decision at the Federal Reserve. City sources predict the FTSE 100 will open down six points from yesterday's close of 6,571. All eyes will be on the Federal Open Market Committ
Read moreLondon midday: FTSE 100 lifted by Sage, mining stocks
23rd Jul 2013 11:38
A well-received trading update from Sage Group and strong gains in the mining sector lifted the FTSE 100 into positive territory on Tuesday morning, with sentiment lifted by reassuring comments about Chinese economic growth. Chinese Premier Li Keqiang is reported to have stood by the government ta
Read moreLondon open: Miners jump on hopes over Chinese growth
23rd Jul 2013 08:17
Fading hopes of a 'hard landing' in China lifted stocks in the heavyweight mining sector on Tuesday, meaning that the FTSE 100 opened with solid gains early on. Chinese Premier Li Keqiang assured that economic growth would not fall below the bottom line this year of 7.0%. He called for the governme
Read moreDiageo raises stake in Chinese spirits firm
23rd Jul 2013 08:04
Beverages group Diageo has been given the all clear to buy up the remaining stake in SJF HoldCo, lifting its indirect holding in Chinese premium spirits maker Sichuan Shuijingfang. Chinese authorities have given their approval for Diageo to acquire the remaining 47% interest for £233m. SJF HoldCo w
Read moreLondon open: Stocks fall after gloomy figures from Microsoft, Google
19th Jul 2013 08:13
The FTSE 100 pulled back from a seven-week high on Friday morning after disappointing results from some Wall Street heavyweights last night. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th when it closed at 6,657. Both the S&P 500 and
Read moreWednesday broker round-up UPDATE
3rd Jul 2013 09:16
Aberdeen Asset Management: Bank of America reduces target price from 410p to 360p maintaining an underperform rating. ARM Holdings: UBS upgrades to buy from neutral, keeps target price at 970p. Cineworld: Investec ups target price from 347p to 360p and keeps a buy recommendation. N+1 Singer moves
Read moreFriday broker round-up UPDATE
28th Jun 2013 08:32
BAE Systems: Deutsche Bank increases target price from 375p to 400p, while downgrading to hold. Barclays: Bank of America moves target price from 430p to 410p, while its buy recommendation remains unaltered. Booker Group: Investec shifts target price from 140p to 141p and keeps its buy recommendat
Read moreBroker tips: Diageo, Afren, Chemicals stocks
26th Jun 2013 11:20
Nomura has trimmed its target price for beverages group Diageo from 2,400p to 2,250p ahead of its results next month, but has kept its 'buy' rating for the stock, saying that the Guinness maker has strong defensive attractions in uncertain markets. "With its wide portfolio of emerging markets (none
Read moreBroker snap: Nomura cuts Diageo target but keeps 'buy' rating
26th Jun 2013 10:27
Nomura has trimmed its target price for beverages group Diageo from 2,400p to 2,250p ahead of its results next month, but has kept its 'buy' rating for the stock, saying that the Guinness maker has strong defensive attractions in uncertain markets. "With its wide portfolio of emerging markets (none
Read moreWednesday broker round-up UPDATE
26th Jun 2013 07:30
ACM Shipping Group: Espirito Santo increases target price from 150p to 185p keeping a buy recommendation. Afren: Canaccord Genuity moves target price from 210p to 220p and keeps a buy recommendation. Aggreko: Deutsche Bank cuts target price from 2250p to 2100p, while its buy recommendation remains
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