Fuller's has record Christmas but sees more costs this year
30th Jan 2014 08:47
A record Christmas has helped keep pub and brewing group Fuller, Smith & Turner on track to hit annual profit targets, but it said it may incur extra investment costs this year. Fullers, which runs 176 managed pubs and hotels and 208 tenanted pubs in southern England and the Midlands, said food sal
Read moreTungsten Corp non-exec almost doubles stake
9th Jan 2014 16:58
Michael Spencer, a significant investor in Tungsten Corporation, almost doubled his stake in the cloud-based invoicing business this week. Spencer, who is also the founder of ICAP, paid 253p a share, spending £1.9m in total. His stake in the company now stands at 1.83m shares. The transaction
Read moreFriday broker round-up UPDATE
22nd Nov 2013 08:04
African Barrick Gold: Westhouse Securities upgrades to neutral with a target price of 170p. Antofagasta: Investec cuts target price from 737p to 716p and keeps a sell recommendation. Bank of Georgia: Numis raises target price from 2101p to 2662p and maintains a buy recommendation. Canaccord Genuit
Read moreBurberry non-exec buys as Blinkx director sells up
4th Sep 2013 16:17
Burberry non-Executive Director Matthew Key on Tuesday purchased 1,260 shares in the fashion group. The transaction was made at 1,568.66p a time for a total of £0.2m. Back in July the group said that it was pleased with its first-quarter retail performance which saw underlying revenues rose 18 %
Read moreBroker tips: Aberdeen, Sainsbury, Fuller Smith & Turner
7th Jun 2013 12:42
Bank of America Merrill Lynch (BofA) has cut its rating for Aberdeen Asset Management from 'neutral' to 'underperform' following a strong performance so far this year, saying that the stock's premium valuation is unjustified. "We downgrade Aberdeen to 'underperform', as organic inflows could slow s
Read moreBroker snap: Panmure ups target for Fuller, Smith & Turner
7th Jun 2013 11:44
Panmure Gordon has kept a 'hold' rating for pubs and brewery group Fuller, Smith & Turner but has lifted its target price from 755p to 834p on the back of a strong update on current trading on Friday. The company's results for the year ended March 30th were broadly in line with expectations, Panmur
Read moreFuller's pumps up dividend as it enters cider and lager markets - UPDATE
7th Jun 2013 08:16
Brewing and pubs group Fuller, Smith & Turner raised a glass to full year results that showed sales growth across the business by lifting the final dividend 10 per cent. The London Pride group said the market was tipping towards craft brewers such as itself and away from its mass market rivals, but
Read moreFriday broker round-up UPDATE
7th Jun 2013 06:51
Aberdeeen Asset Management: Bank of America cuts target price from 475p to 410p downgrading to underperform. Anglo American: Nomura lowers target price from 1700p to 1650p and stays with its neutral rating. ARM Holdings: UBS moves target price from 950p to 970p, while its neutral rating remains un
Read moreLondon close: Markets subdued in Budget aftermath
20th Mar 2013 16:16
Markets on the whole gave a muted reaction to George Osborne's Budget Statement today, in which he warned that Britain would grow less and borrow more than originally estimated, while traders continued to digest developments elsewhere, including the Cypriot bailout and a meeting at the US Federal Re
Read moreFuller, Smith and Turner enjoys festive cheer
24th Jan 2013 07:31
Cask ale brewer, hotel and pubs group Fuller, Smith and Turner said it traded well over the key Christmas period and, while it remains mindful of the uncertain economic outlook for 2013, it is confident in future trading. In the nine weeks to January 19 2013, like for like (LFL) sales in Managed Pu
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreWeek Ahead: Compass, Johnson Matthey, brewing & pubs groups
16th Nov 2012 12:44
Contract caterer Compass will give investors food for thought on Wednesday when it releases full year results. The market has pencilled in a figure of £16,869m for revenue, which is a lot of sausage rolls and crudités in anyone's language. Profit before tax is expected to break through the billion
Read moreVectura director exercises options after milestone payment
28th Sep 2012 17:17
Shares of Cambridge-based Vectura rose after it confirmed the Japanese government has approved its Seebri inhalation capsules used in inhaler devices. The shares rose 2p to 86.5p, on news that government clearance will trigger a £2.5m milestone payment for Vectura from its partner Novartis. Whethe
Read moreArden Partners COO buys shares after disappointing results
20th Jul 2012 16:20
Steve Wassell, the Chief Operating Officer of stockbroker Arden Partners, purchased 195,000 in the stockbroker through his self-invested personal pension on Thursday. Wassell bought the shares at 43.50p each for a total of £84,825, increasing his stake in the company to 373,743 shares, equal to aro
Read moreFuller's LFL sales hit by wet weather
18th Jul 2012 14:16
Having lots of pubs with beer gardens has proved less of a boon this year than usual for cask ale brewer and pubs group Fuller, Smith and Turner, as England's soggy summer continues. In the period from April 1st to July 18th, total sales for Fuller's Managed Pubs and Hotels were up 8.0% on the corr
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