Greencore cuts waiting time on acquisition
29th Nov 2016 09:21
(ShareCast News) - Irish food company Greencore has been granted early termination of the applicable waiting period for the company's pending acquisition of Peacock Foods from the US federal Trade commission. The early termination, effective immediately, of the waiting period under the Hart-Scott-Ro
Read moreFTSE 250 movers: Greencore and banks gain while gold miners fall
14th Nov 2016 14:05
(ShareCast News) - The FTSE 250 index was in positive territory, just shy of 17,500, by the late afternoon on Monday. Irish food company Greencore led the risers, gaining on the back of jump in full-year revenue and earnings, a hike in its dividend and the proposed acquisition of Peacock Foods for a
Read moreGreencore FY revenue up 11%, announces proposed acquisition of Peacock Foods
14th Nov 2016 07:13
(ShareCast News) - Greencore reported a jump in full-year revenue and earnings as it hiked its dividend and announced the proposed acquisition of Peacock Foods for an enterprise value of $747.5m. In its preliminary results for the year to the end of September, the company said revenue was up 10.6% t
Read moreWednesday broker round-up
19th Oct 2016 12:06
(ShareCast News) - B&M European value retail: Goldman Sachs keeps at buy with a target price of 274p. Zoopla: Berenberg reiterates buy, 400p target. Bellway: Jefferies keeps at buy with a 2857p target. IAG: Credit Suisse upgrades to outperform with a 469p target. British American Tobacco: JP Morg
Read moreGreencore disappoints as sales growth slows, little effect seen from Brexit
26th Jul 2016 09:17
(ShareCast News) - Convenience food manufacturer Greencore's third quarter revenues increased by 4% driven by the company's Food to Go business while it expects no short-term effects from Brexit. In a trading update the company said revenue increased by 4% to £360.4m for the 13 weeks ending 24 June,
Read moreGreencore acquires The Sandwich Factory from Cranswick
25th Jul 2016 07:25
(ShareCast News) - Greencore has acquired The Sandwich factory from Cranswick for up to £15m, which will be funded from existing debt facilities. The deal is expected to be neutral to earnings in full-year 2016 and modestly accretive thereafter. The Sandwich Factory, which operates from a single fa
Read moreGreencore 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
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