Broker tips: British American Tobacco, Greene King, Mitchells & Butlers, Glencore
23rd Sep 2015 14:37
(ShareCast News) - The medium-term outlook for British American Tobacco is "strong" but the firm is facing earnings downgrades from analysts related to movements in foreign exchange markets and price roll-backs in Australia, one large broker said to clients after the company's Investor Day. Nonethel
Read moreHSBC downgrades Greene King, Mitchells & Butlers
23rd Sep 2015 12:24
(ShareCast News) - HSBC cut its stance on Greene King and Mitchells & Butlers as it took a look at the UK pubs sector. The bank downgraded Greene King to 'reduce' from 'hold' and cut its price target to 780p from 830p saying it was concerned about like-for-like sales growth. "We assume 2%, which is
Read moreWednesday newspaper share tips: Taking a look under the AA's hood
23rd Sep 2015 11:16
(ShareCast News) - The mechanics are in at the AA doing what they can to fix it up for investors, but Wednesday's newspaper tippers said there's a bit of work to be done before it will pass a financial MOT. As the newly listed company clocks up the miles, Tempus in The Times said yesterday's interim
Read moreFTSE 250 movers: IG rallies on well-received update, Kaz Minerals tumbles
22nd Sep 2015 15:43
(ShareCast News) - London's FTSE 250 was in the red on Tuesday. At 1600 BST, the index was down 1.9% at 16,569.59, in line with the broader market, as mining stocks took a hit. IG Group was the standout gainer after the trading firm posted an increase in revenue in the first three months of the year
Read moreCEO replaced at Mitchells and Butlers
22nd Sep 2015 07:41
(ShareCast News) - Phil Urban has been appointed chief executive of Mitchells and Butlers. The board confirmed in a statement Tuesday that Alistair Darby will step down as chief executive of the pub and restaurant operator and will retire from the board and leave the FTSE 250-listed company entirely
Read moreMitchells & Butlers third-quarter revenue underpinned by food sales
29th Jul 2015 11:30
(ShareCast News) - Branded pub company Mitchells & Butlers said third-quarter revenue grew as strong food sales offset a softer drinks performance at its pubs but warned the Chancellor's proposed new national living wage will hit costs from April next year. For the 11 weeks to 25 July, total sales w
Read moreFTSE 250 movers: Mitchells and Butlers surges on upgrade, miners lower
22nd Jul 2015 14:40
(ShareCast News) - Mid-caps edged lower on Wednesday, as gains in the construction and insurance sectors were eclipsed by weakness from technology, mining, engineering and oil stocks. As of 1600 BST, the FTSE 250 was trading 0.5% lower at 17,660. Mitchells & Butlers topped the risers after Numis ra
Read moreBroker tips: Ashtead, Tate & Lyle, Mitchells & Butlers, Croda
22nd Jul 2015 12:14
(ShareCast News) - Ashtead took a hit on Wednesday after a double downgrade by Bank of America Merrill Lynch, which cut the stock to 'underperform' from 'buy' and slashed its price target to 1,000p from 1,300p, pointing to a "triple whammy" of worrying trends. "We have become increasingly concerned
Read moreMitchells & Butlers rallies on Numis upgrade
22nd Jul 2015 11:34
(ShareCast News) - Mitchells & Butlers rallied 5% after Numis raised its stance on the stock to 'add' from 'hold' following an 18% decline in the share price. "Following around 13% downgrades to our 2017E pre-tax profit forecasts to reflect the National Living Wage, there should be limited downside
Read moreFTSE 250 movers: Mitchells & Butlers hit by double downgrade, miners lower
16th Jul 2015 14:48
(ShareCast News) - Mid-caps edged higher on Thursday, as an expected interest rate hike from the federal reserve was tempered by strength in the construction, automobile and banking sectors. As of 15:30 BST, the FTSE 250 was trading 0.7% higher at 17,759. Pub group Mitchells & Butlers topped the fa
Read moreBarclays downgrades Mitchells & Butlers to 'equalweight' on valuation
23rd Jun 2015 10:45
Barclays downgraded Mitchells & Butlers to 'equalweight' from 'overweight' and kept the price target at 500p, saying the move was primarily a valuation call. "We have argued over the past few years that the quality of the M&B estate has been inconsistent with the valuation. With the shares edging up
Read moreSector movers: Property and beverages shares keep London market in green territory
14th May 2015 15:12
Property, housebuilders and beverages shares kept the London market broadly in green territory on Thursday, as worries in Greece continued to lurk in the background. At 16:24 BST, the FTSE 100 was trading at 6,964.17 up 0.21% or 14.54 property and housebuilding continuing to trade higher off the bac
Read moreMitchells & Butlers posts strong first half on improved consumer confidence
14th May 2015 10:45
Pub group Mitchells & Butlers, operator of Harvester, All Bar One, Nicholson's and O'Neill's, reported strong sales during the first half of the year, helped by a more favourable UK consumer environment. Revenues rose 9.5% to £1.11bn and profits before tax were up 4% to £75m. The results were helped
Read moreTuesday broker round-up
12th May 2015 12:59
HSBC: Macquarie downgrades to underperform and lowers target to 520p from 600p. StanChart: Macquarie downgrades to underperform and lowers target to 850p from 950p. easyJet: Panmure Gordon reiterates buy with 2,000p target, Numis stays at buy with 2,100p target. Mitchells&Butlers: JP Morgan Cazeno
Read moreMitchells & Butlers sales fattened by food volumes but margins undercooked
29th Jan 2015 08:08
Pub group Mitchells & Butlers, operator of such chains as Harvester, All Bar One, Nicholson's and O'Neill's, served up stronger sales since its September year-end but at the expense of margins. The UK's largest pub and restaurant operator delivered more than 200,000 meals on Christmas day and report
Read more