Broker 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
Read moreWednesday preview: BoE minutes, BHP, Booker, Fuller's
17th Jul 2012 15:56
The big event on Wednesday is the release of the minutes from the July meeting of the Bank of England's Monetary Policy Committee. The major point of interest will be the vote on the decision to beef up the bank's asset purchase programme, and whether it was unanimous. The minutes are due for relea
Read moreFriday tips round-up: Thomas Cook, Tate and Lyle, Fuller's
1st Jun 2012 06:57
Questor in The Telegraph is not keen on Thomas Cook, despite its 87 per cent share-price slide tempting a few analysts into a buy recommendation. Yes, the firm has restructured its massive debts and increased revenues (through acquisitions), but losses are growing and Eurozone headwinds are awful -
Read moreThursday broker round-up
31st May 2012 09:26
Aviva: Nomura cuts target from 600p to 540p, buy rating unchanged. Babcock: Panmure Gordon downgrades from buy to hold, target left at 940p. BG Group: Jefferies reiterates buy stance and 2,000p target. BHP Billiton: Credit Suisse maintains outperform rating and 2,460p target. BT Group: Nomura ke
Read moreFuller's serves up a little extra
31st May 2012 07:50
London brewer and pubs group Fuller, Smith and Turner served up a full measure in its full year results, with sales and profits both ahead of expectations. Revenue in the 52 weeks ended March 31st rose 5% to £253.0m from £241.9m the year before, topping market expectations of £246.8m. Adjusted pr
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