Broker snap: London focus a positive for Fuller's
20th Nov 2009 21:20
Pre-tax profits at London Pride brewer Fuller, Smith & Turner were higher than KBC Peel Hunt had expected, prompting the broker to upgrade the pub chain owner to 'buy'. 'Fullers is making the most of its Punch acquisitions as well as its excellent beer branding,' KBC Peel Hunt analyst Paul Hickman
Read moreLondon close: Volatile Footsie closes lower
20th Nov 2009 16:34
Footsie ended slightly in the red after a topsy-turvy day which saw UK shares at the mercy of the US dollar. Shares in miner Antofagasta resumed their position near the top of the leaderboard after a brief dip into negative territory that came as commodity prices slipped in line with strength in th
Read moreLondon midday: Holiday firms in the shade
20th Nov 2009 12:11
Leading shares lack direction, with Footsie's early advance turning into a retreat, as early gains on mining stocks are pared. The outlook for package tour operators Thomas Cook and TUI Travel is as miserable as London's weather, according to US bank Morgan Stanley, which has cut its rating on both
Read moreLondon open: Miners lift Footsie again
20th Nov 2009 08:51
After yesterday's shake-out, London's leading shares have started on a bright note. Miners are leading the way. They are essentially proxies for movements in the dollar at present. The US currency falls, miners go up and vice versa. The miners are up today as the dollar has dropped back from yester
Read moreLondon pre-open: Stocks set to bounce back
20th Nov 2009 07:41
After yesterday's shake-out, London's leading shares look set to start the final day of the week on a bright note, with the FTSE 100 expected to open around 17 points higher at 5,284. Product quality and safety tester Intertek is in talks to buy the business assurance division of Det Norske Veritas
Read moreFullers strong but cautious
20th Nov 2009 07:12
London-based pub group Fullers lifted underlying first half profits by 18% as it shrugged off the recession, though it is more cautious going forward. "Our first half performance has defied the recession but it has been boosted by factors that may not repeat or may even reverse: incremental earning
Read moreFriday preview: Fullers, Lo-Q
19th Nov 2009 17:33
London-based pub group Fullers has been consistently bullish in recent months despite the woes affecting its bigger rivals in the pub sector. Earlier this year the group announced it would deliver results at least in line with expectations for the current financial year, a comment it made after onl
Read moreBroker tips: Pub groups, Aviva, Debenhams
22nd Oct 2009 12:26
The decision by the Office of Fair Trading (OFT) not to investigate the beer tie which forces pub tenants to buy their beer from their landlords has prompted a surge in the share prices of the pub groups, and this presents a good opportunity to reduce exposure to cash-strapped Enterprise Inns, Charl
Read moreBroker snap: Enterprise still a sell, despite OFT verdict
22nd Oct 2009 11:44
The decision by the Office of Fair Trading (OFT) not to investigate the beer tie which forces pub tenants to buy their beer from their landlords has prompted a surge in the share prices of the pub groups, and this presents a good opportunity to reduce exposure to cash-strapped Enterprise Inns, Charl
Read moreLondon close: Rally continues
21st Jul 2009 16:44
Footsie finished just shy of the 4,500 mark after another day of gains as the rally continues. Wm Morrison led the way after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implementation of its cost cutting pla
Read moreEnterprise Inns finance boss sells shares
21st Jul 2009 16:21
David George, finance boss of Enterprise Inns, and his wife Joy sold a combined total of nearly £380,000 in the tenanted pub operator to 'part fund a family project.' He sold 200,000 shares for 126.4p, and his wife sold 100,000 at the same price. The sales leave George with just over 2m shares in
Read moreComment: Sales sizzle in sweltering summer
21st Jul 2009 15:59
Conventional wisdom has it that hot weather is bad news for clothing shops but fashion retailer Next begged to differ on Tuesday when it said sales of summer clothing have benefited from much better weather than last year. The clothing chain said warm temperatures have improved sales at its High S
Read moreLondon afternoon: Advance gathers speed
21st Jul 2009 14:11
London kicked on over the lunchtime session, with risers outnumbering fallers by four to one among FTSE 100 constituents. Wm Morrison leads the way after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implement
Read moreBroker tips: Morrisons, Next, Fuller's
21st Jul 2009 12:59
Supermarket chain Wm. Morrison has sent members of the investment analyst community scurrying to upgrade their full-year profit forecasts after releasing an upbeat trading statement. Merrill Lynch is a buyer of the shares and is predicting pre-tax profit of £750m for the year to 31 January, 2010. P
Read moreBroker snap: Fuller's worth buying after recent dip
21st Jul 2009 12:58
Broker Charles Stanley has developed a taste for Fuller's the real ale brewer and pub group, but that has more to do with recent share price weakness than Tuesday's trading update. The broker has retained its price target at 575p but given the shares were trading almost a pound below that level bef
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