Broker snap: Investec still a buyer of Diageo despite strong run
7th Aug 2012 11:05
Investec has hiked its target price for Diageo from 1,700p to 1,900p ahead of its preliminary results later this month, saying that the wine, spirits and beers group is set to deliver on year one of its three-year plan. "Diageo were well on track to meet their new guidance targets as at Q3 and look
Read moreTuesday broker round-up
7th Aug 2012 09:22
AB Foods: Nomura cuts target from 1,400p to 1,380p, buy rating kept. BBA Aviation: Jefferies keeps buy rating and 250p target. Big Yellow: Goldman Sachs upgrades to conviction buy, target lifted from 360p to 390p. Devro: Investec keeps buy rating and 355p target. Diageo: Investec lifts target fr
Read moreThursday broker round-up
28th Jun 2012 10:24
3i Group: Citigroup upgrades to buy, target lifted from 215p to 220p. Abcam: Investec upgrades to buy, target lifted from 349p to 466p; Peel Hunt raises target from 440p to 480p, buy rating unchanged. bwin.party: UBS cuts target from 165p to 125p, neutral rating unchanged. Cookson: UBS cuts targe
Read moreSector movers: SABMiller lifts beverage stocks higher
27th Jun 2012 15:34
SABMiller and C and C were making decent gains on Wednesday, lifting the beverages sector to the top of the pile. SABMiller, the beer giant famous for its Peroni-, Foster- and Miller-branded lagers, was up nearly 3% in afternoon trade after some upbeat comments from Galvan Research. "SABMiller inv
Read moreLondon close: All eyes turn to Greece
15th Jun 2012 16:52
London's top-share index peaked at 5,523 shortly after 10:00 and even fell into the red in the afternoon session just after 15:00 before rallying to close with a modest gain. The fast start was prompted by two things, both relating to banks. The first was reports that central banks stand ready to
Read moreLondon midday: More QE could be on the way
15th Jun 2012 12:12
After a bright start on the back of the initiative announced last night to get British banks lending, equities have moved into consolidation mode ahead of this Sunday's big election in Greece. Meanwhile, the failure of last week's Spanish banking hand-out to put an end to the Eurozone crisis appear
Read moreDiageo ups Vietnam vodka stake
15th Jun 2012 07:28
Drinks giant Diageo said it had raised its stake in Vietnam's Hanoi Liquor, the country's leading vodka supplier. The company has spent £14m, taking its ownership of Hanoi, Vietnam's leading domestic branded spirits producer, up to 45.5%. Diageo said that the move demonstrated its commitment to wo
Read moreSunday newspaper round-up: Vodafone, Tesco, BP
10th Jun 2012 17:11
Britain's banking regulator is to be handed major powers to influence the way the country's largest lenders are run as part of a reform package to be announced this week by George Osborne. The Chancellor will effectively drop the case for major reform of the UK's largest banks and say that much of t
Read moreDiageo to invest to meet rising demand for whisky
6th Jun 2012 12:00
Diageo, the FTSE 100 alcoholic drinks giant, has unveiled plans to substantially boost its whisky production by between 30 and 40 per cent to make the most of soaring global demand for Scotch. The Johnnie Walker and Bell's whisky owner will spend £1.0bn on a new malt distillery and expand its bott
Read moreMonday broker round-up
28th May 2012 09:26
888 Holdings: Panmure Gordon reiterates buy rating and 93p target. Aggreko: AlphaValue upgrades from sell to add, target kept at 2,206.5p. Aveva: Panmure Gordon cuts target from 1,670p to 1,590p, hold rating unchanged; Merchant Securities keeps buy rating and 1,800p target. Britvic: UBS cuts targ
Read moreLondon open: Stocks rise on Greek hopes
28th May 2012 09:00
- Support for New Democracy increases - Some European, US markets closed today - Miners gain on increased risk appetite London's blue-chip index advanced in early trading on Monday as sentiment improved on the back of the polls in Greece which showed that the pro-bailout party was in the lead. Sev
Read moreLondon pre-open: FTSE up on Greek austerity support
28th May 2012 07:32
City sources predict the FTSE 100 will open up 35 points from Friday's close of 5,352, boosted by reports of greater support for Greece to keep its place within the euro following recent polls which indicated pro-austerity parties may secure enough voters to form a coalition. Rolls-Royce, the glo
Read moreDiageo to acquire Brazilian rum brand
28th May 2012 07:03
Drinks giant Diageo is set to buy Ypioca, one of Brazil's largest cachaca brands in Brazil, the company announced on Monday. Diageo, which already owns well-known brands such as Smirnoff and Guiness, said it has reached an agreement with Ypioca Agroindustrial Limitada to purchase its white rum bran
Read moreMonday newspaper round-up: Break-up, France, Bailouts
21st May 2012 07:16
When it comes to contingency planning for a Eurozone break-up, it is typically a German company that has been ahead of the game. Industrial conglomerate Siemens acquired a banking licence in December 2010. That allowed it to access directly European Central Bank funds, so cutting its exposure to swi
Read moreFTSE 100 movers: Smith and Nephew beat expectations
3rd May 2012 14:36
Shares in technology group Smith and Nephew marched ahead after profits and margins at medical beat both analysts' and management forecasts in the first quarter of 2012. Alcoholic drinks maker Diageo's was also on the up following its announcement that growth in the third quarter of its fiscal yea
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