MARKET TALK: Investec Lowers McBride Target Price
30th Jun 2010 12:57
1157 GMT [Dow Jones] Investec Securities lowers McBride (MCB.LN) target price 150p from 250p. Says the market has taken fright at McBride's recent warning on input cost inflation, casting minds back to 2008 when it suffered from the sharp oil price spike. "This present situation looks far less sever
Read moreLondon close: Resource stocks drag Footsie lower
25th Jun 2010 16:42
Weakness in the resources sector ensured that Footsie finished firmly in the red. ENRC, Lonmin and Kazkhmys were big losers in the mining sector as base metal prices retreat. BP resumed its slide following a couple days' respite. Nomura Securities has suggested that the oil giant may have to ra
Read moreFTSE 250 movers: Keller not grounded despite slow US
25th Jun 2010 12:22
Keller, the engineer focused on the preparation of ground that is to be built on, is higher despite saying it has seen no pick-up in its struggling US business. Keller, generates around two-fifths of its revenue in the world's biggest economy, warned six weeks ago of major headaches there and today
Read moreLondon close: Footsie sinks to two-week low
24th Jun 2010 16:42
An afternoon rally fizzled as Wall St opened lower sending Footsie close to its low for the day. Miners were a poor market all day and ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrata were the big losers on fears of a double-dip recession. Elsewhere in the resource sector oil giant BP said the low
Read moreUK SMALLCAP ROUNDUP: Skyepharma Slides On New Flutiform Blow
24th Jun 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SKYEPHARMA PLC (SKP.LN) shares fell to a new low Thursday after the drug developer said its hopes of launching asthma treatment Flutiform in the U.S. wer
Read moreLondon afternoon: Utilities in demand
24th Jun 2010 14:23
Leading shares continued to pare losses over the lunch time session and though the Footsie remains in negative territory, much of that us due to the weakness of mining stocks. ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrataare the big losers in the sector as concerns about Europe's debt crisis resu
Read moreFTSE 250 movers: McBride takes a pasting
24th Jun 2010 12:50
Shares in McBride, maker of such products as toothpaste and toilet cleaner for supermarkets to sell under their own names, have crashed. It said it expects full year revenue growth to be flat after a weak final quarter and as raw material prices continue to rise. Oil explorer Dana Petroleum has ma
Read moreUK SMALLCAP ROUNDUP: Hong Kong's MiLOC Group Plans AIM IPO
24th Jun 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MILOC GROUP, a Hong Kong-based healthcare company, is planning an initial public offering in London to raise funds to establish a network of traditional
Read moreLondon midday: Stocks off the bottom
24th Jun 2010 12:06
Leading stocks are off their lowest levels but the Footsie remains in the red with little hope of a boost in sentiment from Wall Street, where US stocks are expected to open moderately lower. Mining stocks are out of favour after an initially bright start. Early enthusiasm for miners was engendere
Read moreUPDATE: McBride Sees Rising FY 2011 Costs; Shares Down 20%
24th Jun 2010 11:52
(Adds share price, analyst comment, detail.) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--McBride PLC (MCB.LN) Thursday said it expects raw materials costs to rise by up to 6% in fiscal 2011, but it won't be able to pass the rises on to customers straight away. The f
Read moreLondon open: Stocks in the red
24th Jun 2010 08:49
Having posted quick gains at the start, London's top stocks have reversed into the red. Miners are the main instigators for the decline with 9 out of the top ten fallers from the sector. Kazakhmys, Rio Tinto, Eurasian Natural Resources and Fresnillo are the biggest decliners so far. BP said the lo
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
24th Jun 2010 07:57
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0657 GMT [Dow Jones] Shore Capital downgrades McBride (MCB.LN) to hold from buy following the company's subdued update, which
Read moreMARKET TALK: Shore Downgrades McBride To Hold From Buy
24th Jun 2010 07:57
0657 GMT [Dow Jones] Shore Capital downgrades McBride (MCB.LN) to hold from buy following the company's subdued update, which showed flat FY sales. Says the primary sales slowdown has been in Europe, with the group citing weak retail sales across many markets, such as Spain, France and Holland, rath
Read moreMcBride shares slump after weak quarter
24th Jun 2010 07:45
Shares in private label personal care products supplier McBride slumped after it said it expects full year revenue growth to be flat after a weak final quarter and as raw material prices continue to rise. The Buckinghamshire-based firm said fourth quarter revenue is expected to be 3% lower than pri
Read moreMcBride: FY10 Revenue To Be Flat, Starts Further UK Restructuring
24th Jun 2010 07:44
LONDON (Dow Jones)--McBride PLC (MCB.LN), a provider of private label household and personal care products, reported Thursday it expects revenue growth for the year ended June 30, on a constant currency basis, to be flat and said it has initiated a further restructuring project in U.K. MAIN FACT
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