Greencore warms up revenue, earnings in first half
17th May 2016 08:17
(ShareCast News) - International convenience food business Greencore Group reported an 8.1% jump in group revenue in its half-year report on Tuesday, to £691.6m. On a constant currency basis, revenue at the FTSE 250 group in the 26 weeks to 25 March was up 7.5%. Its core convenience foods business
Read moreWednesday broker round-up
10th Feb 2016 16:22
(ShareCast News) - Virgin Money: Nomura starts coverage at buy with a target of 445p. Domino's Pizza: Credit Suisse upgrades to outperform with a target price of 1100p. BBA Aviation: Goldman Sachs downgrades to neutral with 181p target. Greencore: Societe Generale reiterates hold with a 386p targe
Read moreConvenience foods drive Greencore growth
26th Jan 2016 08:38
(ShareCast News) - Hunger for convenience foods drove growth at Greencore Group in the first quarter, with the company issuing a trading update on Tuesday morning. The FTSE 250 group recorded revenues of £356m during the 13 weeks to 25 December 2015; an increase of 7.2% on the prior year (6.8% on a
Read moreFTSE 250 movers: Paragon surges on acquisition; DS Smith drops on downgrade
2nd Oct 2015 14:39
(ShareCast News) - London's FTSE 250 was down 0.3% to 16,713.91 as markets nudged lower following the release of weaker-than-expected US non-farm payrolls. Paragon Group of Companies put in a stellar performance after announcing the acquisition of Five Arrows Leasing Group through its subsidiary Par
Read moreGreencore Group ups revenue in third quarter
28th Jul 2015 10:13
(ShareCast News) - Convenience food firm Greencore posted a 6.2% jump in third quarter revenues, but warned of challenges in the UK grocery market. Greencore recorded revenue of £346.5m, off £331.9m in revenue from in its convenience food division. In its core UK market, like-for-like revenue was 4
Read moreFTSE 250 movers: JustEat surges on Munlog offer, miners higher
22nd May 2015 13:15
UK stocks were retained gains on Friday, buoyed by higher commodity prices and data revealing the US remained in deflation last month. Sector-wise gains made by miners, engineers and telecoms stocks outweighed weakness in technology and travel stocks. As of 15:30 BST, the FTSE 250 was trading 68 po
Read moreGreencore first half profit and revenue rise despite difficult UK market
19th May 2015 09:37
Food group Greencore encouraged with news that operating profit had been lifted by growth in the food to go market, despite the difficult retail environment in the UK. First-half operating profits rose 7.8% to £40.1m on revenue of £639.8m, which is up 3.2% from the same period last year. "The UK gr
Read moreFriday broker round-up
5th Dec 2014 09:48
Amino Technologies: N`+1 Singer ups target price from 107p to 141p and keeps a 'buy' recommendation. Barr (AG): Numis upgrades from 'hold' to 'add' with a target price of 659p. Jefferies reduces target price from 678p to 510p and downgrades to 'sell'. Betfair: JP Morgan increases target price from
Read moreThursday broker round-up
27th Nov 2014 10:15
Amlin: Numis upgrades to 'buy' with a target price of 535p. Amerisur Resources: PeelHunt lowers target price from 58p to 50p and reiterates a 'hold' recommendation. Associated British Foods: Citi raises target price from 3100p to 3700p and maintains its 'buy' recommendation. Avingtrans: FinnCap up
Read moreGreencore FY revenue jumps as firm continues US expansion
25th Nov 2014 08:37
Food business Greencore Group revenue rose 6.4% as the company continues its expansion to drive in the US. The firm, which supplies sandwiches to chains such as Starbucks and 7-Eleven, said revenue for the year ended 26 September was £1.27bn, while group operating profit rose 11.4% to £82.9m and adj
Read moreMonday broker round-up UPDATE
29th Sep 2014 09:22
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 430p and stays with its hold recommendation. Numis upgrades from hold to add with a target price of 455p. Balfour Beatty: Westhouse Securities places its target price under review keeping a sell recommendation. Circle Holdi
Read moreBwin.party CEO and chairman show support after losses widen
29th Aug 2014 17:16
Purchases were made by both the chief executive officer and chairman of Bwin.party on Friday after the online gaming group posted wider first half losses. Chief executive Norbert Teufelberger acquired £206,203-worth of shares, paying 82.48p for each of the 250,000 shares. Chairman Philip Yea boug
Read moreGreencore on track to meet EPS expectations after Q3 revenue growth
29th Jul 2014 08:51
- On track to meet EPS growth expectations - Q3 revenue up 6.7% yoy - Revenue lower in I&P division Convenience foods group Greencore said it continued to anticipate earnings per share (EPS) growth in line with market expectations after increasing third quarter revenue by 6.7% year-on-year (YOY).
Read moreMorgan Stanley screens say sell CRH, JD Wetherspoon and many others
10th Jun 2014 15:41
Morgan Stanley has put out a note compiling a list of stocks that its stock screens suggested were worthy of selling, including building materials group CRH and pub operator JD Wetherspoon. The note, entitled 'Stock screens suggest selling small caps', contains the latest in the broker's regular s
Read moreLondon close: Investors ponder merits of TSB float
27th May 2014 16:58
- FTSE 100 catches up after long weekend - Euroscepticism tempered by election results in Italy, Greece - IHG gains on bid interest - Lloyds to float TSB division - Pfizer walks away from AstraZeneca proposal techMARK 2,786.31 +1.03% FTSE 100 6,844.94 +0.43% FTSE 250 15,843.93 +0.88% Equities ende
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