London midday: Footsie stabilises at lower level
28th Jan 2011 12:19
London fell sharply in early dealings on the back of weak overseas markets but it has spent most of the day around the 5,920 mark. S&P's decision to cut its credit rating for Japan and some poor company results hurt the Nikkei in Tokyo on Friday and this has spilled over into London. The market i
Read moreLondon open: Poor start as miners slip
28th Jan 2011 08:54
London has slipped back in early dealings after a dull day on Wall Street and weak showing in Asia overnight. S&P's decision to cut its credit rating for Japan and some poor company results hurt the Nikkei in Tokyo on Friday and this has spilled over into London. Miners are dragging Footsie lower.
Read moreLondon pre-open: Another step back for Footsie
28th Jan 2011 07:40
Weakness in the Far East and a close below 12,000 in the US last night are set to point London lower in early action. S&P's decision to cut its credit rating for Japan and some poor company results hurt the Nikkei Friday, while mixed results and disappointing data capped gains on Wall Street. It co
Read moreInflation not snow bothers Fuller's
28th Jan 2011 07:15
There were few problems with snow in December for London-based pub owner and brewer Fuller's. Like for like sales in core Managed Pubs and Hotels business grew by 3.7% over the 10 weeks to 22 January, bringing the like for like sales growth for the 43 weeks to 3.5%. Like for like profits in the Te
Read moreFriday preview: Pub owners discuss winter trade
27th Jan 2011 15:58
The weekend starts early for two of the pub sector's biggest names when they bring the market up to speed on developments. Snow before Christmas in the Midlands and North West is expected to have stopped drinkers getting to pubs run by Marston's, though the weather cleared up in time for New Year w
Read moreGovernment's low-cost alcohol initiative lacks bottle
18th Jan 2011 14:24
The coalition government is set to announce new measures on Tuesday designed to cut back on the practice of retailers offering deep discounts on alcoholic drinks. Though the new proposals will not prevent shops from selling alcoholic drinks as "loss leaders", it is understood that the government wi
Read moreFuller's cushioned by south-east base
19th Nov 2010 07:35
London-based pub group and brewer Fuller's shrugged off the economic gloom with progress in all divisions but especially its hotels and managed pubs arm over the past six months. Profits in the half year to September rose by 11% to £16.8m, on sales up 4% at £121.5m. The dividend rises by 6% to 4.75
Read moreFriday preview: Fuller Smith and Turner, Rotork
18th Nov 2010 17:01
The end of the week appropriately enough sees the focus switch to beer, and London brewer and pubs group Fuller Smith & Turner, which brings out interim figures. Broker KBC Peel Hunt is forecasting profit before tax of £14.8m and earnings per share of 18.9p, which would represent year on year growt
Read moreCapital reinvestment by chief exec
9th Aug 2010 16:40
Ian Hawksworth has used cash raised from the sale of options exercised in Capital Shopping Centres to reinvest in Capital & Counties Properties. Hawksworth, who is chief executive of Capital & Counties, bought 87,840 shares at 112.99p each. That cost just over £99,000 and took his stake in the cen
Read moreFuller Smith & Turner Buys Back 42,000 A Ordinary Shares
29th Jul 2010 16:08
LONDON (Dow Jones)--Fuller Smith & Turner PLC (FSTA.LN) said Thursday it purchased for holding in treasury 42,000 A ordinary shares at a price of GBP5.51 per share on July 28. -Shares at 1505 GMT unchanged at 535 pence. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.pa
Read moreUPDATE: Fuller, Smith & Turner: Sunshine Boosts Start To FY11
23rd Jul 2010 10:39
(Adds detail, analysts' comments.) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Pub and brewery group Fuller, Smith & Turner PLC (FSTA.LN) Friday announced a solid start to the 2011 fiscal year, as people flocked to its beer gardens to enjoy a drink and food outside in t
Read moreMARKET TALK: KBC Upgrades Fuller, Smith & Turner To Buy
23rd Jul 2010 10:20
0920 GMT [Dow Jones] KBC Peel Hunt upgrades Fuller, Smith & Turner (FSTA.LN) to buy from hold and raises price target to 630p from 540p following the company's 1Q update. Says: "Increasingly, Fuller's growth trend and its geographical advantage in London and the South East argue for an additional va
Read moreFuller, Smith & Turner Makes Solid Start To FY11
23rd Jul 2010 08:59
LONDON (Dow Jones)--Pub and brewery group Fuller, Smith & Turner PLC (FSTA.LN) Friday said it had a solid start to the 2011 fiscal year, with sales at its managed pubs and hotels up 4.1% in the first 16 weeks, but said trading is likely to remain unpredictable. Fuller's said during the same 16 w
Read moreFuller's going well as sun shines on London
23rd Jul 2010 07:49
Hot weather in the south-east helped Fuller's, the London-based brewer and pub group, trade well over the past 16 weeks. Fuller's Inns saw like for like sales in its managed pubs and hotels increase by 4.1% in the 16 weeks to 17 July, while tenanted like-for-like profits were up 1%. Brewing arm Ful
Read moreMARKET TALK: S Pierce Ups Fuller, Smith & Turner Target Price
21st Jun 2010 11:55
1055 GMT [Dow Jones] Seymour Pierce raises Fuller, Smith & Turner (FSTA.LN) price target to 675p from 630p following the group's impressive FY results. It increases FY'11 pretax profit estimate to GBP27.6M from GBP25.4M and EPS to 34.4p from 320p. Notes the company's strong balance sheet, adding tha
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