Shore Capital downgrades profit forecast for McBride
30th Jun 2014 14:02
Shore Capital has downgraded its profit forecasts for McBride after the own-label household goods maker announced extra costs as part of a shake-up. Shore has reduced its estimates for 2014/2015 continuing pre-tax profit to £17.6m from £20m and earnings per share (EPS) to 7.2p, which it said reflec
Read moreMcBride cuts 400 jobs in shake-up amid weak UK retail market
30th Jun 2014 07:26
Private label household goods manufacturer McBride is cutting 400 jobs as part of a shake-up in response to weak UK retail trading. McBride, which makes detergents and other products for UK supermarkets, said it would remove un-profitable business and reduce capacity in the UK to improve profit. I
Read moreMcBride refinances banking facilities
9th Apr 2014 09:27
European household and personal care product maker McBride has completed a 205m-euro refinancing of the group's banking facilities. McBride, which makes private label detergent and other cleaning products for supermarkets and discount retailers, said the new arrangement includes €65m of loan notes
Read moreSunday share tips: IPO bubble, McBride, Lifeline Scientific
6th Apr 2014 11:36
There is a bubble in initial public offerings (IPOs) that will cause awful losses for investors, the Sunday Telegraph's Questor column said. Royal Mail, with its monopoly on mail and parcel delivery and prime London property holdings, was the exception to an IPO boom that has seen companies such as
Read moreMattioli Woods co-founder reduces stake with sale of 220,000 shares
4th Apr 2014 16:06
AIM-listed Mattioli Woods, a specialist wealth management and employee benefits business, announced on Friday that its Chairman and co-founder, Bob Woods, had sold 220,000 shares. At 445p per share, the deal raised £979,000. His stake in the group was reduced to 3.07m shares, equal to 15.42% of
Read moreFriday broker round-up UPDATE
4th Apr 2014 10:07
African Minerals: Deutsche Bank reduces target price from 382p to 335p, while its buy recommendation remains unchanged. Arrow Global: Canaccord Genuity moves target price from 309p to 318p and keeps a buy recommendation. Ashmore Group: JP Morgan takes target price from 344p to 351p and maintains a
Read moreMcBride to miss full-year market forecasts
3rd Apr 2014 10:59
Consumer products company McBride said it was unlikely to meet full-year market expectations due to difficult trading conditions. The group reported a 4% fall in group revenue in the three months ended April 2nd, reflecting a weak performance at the Private Label business. Revenue Private Label, w
Read moreThursday broker round-up UPDATE
3rd Apr 2014 09:05
Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig
Read moreTuesday broker round-up UPDATE
11th Feb 2014 09:41
Bellway: Jefferies takes target price from 2085p to 2186p and stays with its buy recommendation. BT Group: Jefferies shifts target price from 435p to 440p and keeps a buy recommendation. Carnival: Jefferies ups target price from 2000p to 2050p, while downgrading to underperform. Deutsche Bank rais
Read moreBroker snap: Panmure sees brighter times ahead for McBride
7th Feb 2014 11:46
Shares in household and personal care products group McBride suffered last month on a profit warning but ahead of its interims next Tuesday broker Panmure Gordon predicts more positive news from the group going forward and rates the shares a 'buy'. In early January, McBride said its operating prof
Read moreTuesday tips round-up: McBride, Genel Energy, Balfour Beatty
15th Oct 2013 07:26
Packaging company McBride's revenues were off by 3 per cent since the start of July, as it is exiting various less profitable business lines. Furthermore, big supermarkets followed their spring promotions with another round of price cuts in the autumn. As a consequence, its private-label revenues, p
Read moreMcBride sticks to full year guidance
14th Oct 2013 07:11
Private label consumables group McBride warned that trading conditions in the UK continued to be challenging, but said that with a combination of new products and cost savings, it remains confident that full year expectations will be reached. The company, which makes home-brand household and person
Read moreFriday broker round-up UPDATE
6th Sep 2013 08:01
Antofagasta: Canaccord Genuity lowers target price from 1035p to 1020p, while leaving its buy recommendation unchanged. Ashmore Group: Canaccord Genuity downgrades from buy to hold with a target price of 380p. Associated British Foods: Societe Generale upgrades to hold with a target price of 1900p
Read moreBurberry non-exec buys as Blinkx director sells up
4th Sep 2013 16:17
Burberry non-Executive Director Matthew Key on Tuesday purchased 1,260 shares in the fashion group. The transaction was made at 1,568.66p a time for a total of £0.2m. Back in July the group said that it was pleased with its first-quarter retail performance which saw underlying revenues rose 18 %
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
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