McBride lowers profits guidance
15th Oct 2012 09:18
Own label goods maker McBride has reduced full year profits guidance as the rate of decline in its contract manufacturing business has accelerated. The firm, which last month announced an unexpected cut in its dividend last month, indicated trading profit in the year to the end of June 2013 will be
Read moreWife of Admiral CEO spends 2.12m pounds on shares in one week
7th Sep 2012 17:16
The wife of Henry Engelhardt, the Chief Executive Officer of car insurance group Admiral, topped up the family stake in the car insurance group again on Thursday, taking her investment in this week alone to over two million pounds. Diane Briere de l'Isle bought 45,500 shares at yesterday at a price
Read moreMcBride hit after unexpected dividend cut
4th Sep 2012 14:27
Private label product maker McBride said it was positive on the upcoming year with consumers increasingly turning to 'own brand' labels. However, it said it would cut the full year dividend to 5.0p per share from 6.8p the year before. The firm said this was necessary "to maximise the cash availabl
Read moreSales for both Ffastfill and National Grid directors
18th Jun 2012 16:25
The Corporate Development Director of Ffastfill, has sold 1.383m shares in the firm just a fortnight after the company posted a drop in pre-tax profits. Nigel Hartnell ditched the shares for 13.50p a pop, pocketing £186,705 in the process. Revenue for the full year rose from £15.5m to £17.2m, bu
Read moreTuesday broker round-up - UPDATE
21st Feb 2012 09:00
Admiral: Nomura reiterates buy recommendation and 1,100p target; Credit Suisse upgrades to outperform from neutral, lifts target from 1,100p to 1,300p. Morrison: Goldman Sachs adds to conviction sell list. Petropavlovsk: Nomura upgrades from reduce to neutral, target upped from 860p to 910p. Aber
Read moreMcBride profits dive
9th Feb 2012 12:20
Own brand household and personal care products supplier McBride made a 4% rise on revenue, but saw operating profits dive 86%, for the six months ended December 31st. Operating profit fell from £18.8m to £2.7m, which after rising costs led to a pre-tax loss of £0.4m, compared to a profit of £15.5m
Read moreThursday broker round-up - UPDATE
9th Feb 2012 09:16
Homeserve: Credit Suisse raises target price to 275p from 250p, stays at neutral. Reckitt Benckiser: Credit Suisse reiterates outperform. BHP Billiton: Credit Suisse retains outperform. Tate & Lyle: Panmure Gordon raises target from 645p to 690p, hold rating kept; JP Morgan reiterates underweigh
Read moreMcBride expects profit to fall further
5th Jan 2012 08:34
Own brand household and personal care products supplier McBride said while revenue grew 2% in the last six months trading profit is expected to be lower than last year, in line with expectations. McBride saw profits halved in the year to end of June amid rising costs and a tough retail environment.
Read moreUPDATE: Friday broker round-up
23rd Sep 2011 09:42
Tesco: Evolution upgrades from sell to neutral. Tesco: Nomura keeps its buy recommendation. Kingfisher: Nomura reiterates buy rating. Carnival: Charles Stanley keeps accumulate rating. HSBC: Evolution Securities maintains sell rating. Euromoney Institutional Investor: Investec retains buy rati
Read moreWednesday tips round-up: Greene King, McBride, Johnson Service
7th Sep 2011 06:33
Greene King raised £200m in May 2009 to fund expansion. Greene King has spent £70m to £80m a year out of earnings on doing up its existing estate. Much of the rights issue cash went on premium pubs in London and food-led outlets elsewhere. The shares, not far from where they were a year ago, sell on
Read moreLondon close: Higher finish after late rally, RBS and Barclays lag
6th Sep 2011 16:44
London's leading share index rediscovered its earlier buoyancy to close with good gains after another choppy day. Shares had given up early gains after a weak start on Wall Street, but rallied in late trading, though banks RBS and Barclays were left behind. Company updates were the main cause for
Read moreBroker tips: Betfair, Fenner, McBride
6th Sep 2011 12:47
Evolution Securities has said that while Betfair's revenue fell in the first quarter, the result was better than expected. "Despite the revenue decline, we think this is a solid performance against difficult comps," said analyst James Hollins. However, the broker maintains its neutral stance, due
Read moreBroker snap: Panmure confirms hold rating on McBride
6th Sep 2011 12:45
While McBride reported in-line full-year results, Panmure Gordon has kept its hold rating on the own label goods maker, saying that it remains cautious in regards to the following year. The firm - which manufactures household and personal products for retailers to sell under their own names - regis
Read moreLondon midday: Lloyds leads banking rally
6th Sep 2011 12:13
The top share index is posting big gains now as banks recover and company updates get the thumbs up. Lloyds Banking leads banks higher after a bad day for the sector yesterday amid talk that ratings agency Moody's is set to downgrade the sector. Company updates are the main cause for excitement th
Read moreLondon open: Whitbread leads the rise
6th Sep 2011 08:29
The Footsie opened moderately higher in early trading, helped by strong gains by coffee shop, restaurant and hotel owner Whitbread. Whitbread was the high riser on the blue chip index, gaining over 5%, after it was able to accelerate revenue growth during the first half, posting a 12.9% improvement
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