Broker snap: McBride's pricing a concern for Peel Hunt
7th Jul 2011 12:35
As a result of a tougher pricing environment for McBride, Peel Hunt slashed its profit forecasts for the year ending 2012. The firm - which supplies household and personal products for retailers such as Carrefour, Tesco and Metro, to sell under their own names - secured the price increases it expec
Read moreLondon midday: Stocks keep gains
7th Jul 2011 12:05
Stocks remain slightly in the blue although the calm masks some big moves in both directions after a stream of company updates Man Group is setting the pace in the FTSE 100. Funds under management (FUM) at the hedge fund manager rose to $71bn at the end of June from $69.1bn at the end of March as t
Read moreLondon open: Man leads FTSE 100 higher
7th Jul 2011 08:27
Stocks have got off to a decent start as expected, with hedge fund Man Group leading the way in the FTSE 100. Funds under management (FUM) at the hedge fund manager rose to $71bn at the end of June from $69.1bn at the end of March as the group racked up record sales in the quarter of $9.0bn, to pos
Read moreMcBride to stop selling unprofitable products
7th Jul 2011 07:55
McBride, the maker of household and personal products for supermarkets to sell under their own names, is to stop selling products that are now unprofitable due to rising raw material costs. McBride said in April that escalation in commodity prices was likely to push up costs in the following months
Read moreRaw material price increases hit McBride
28th Apr 2011 14:22
Own label goods maker McBride has seen a small uplift in revenue (on a constant currency basis) this year, driven by growth in central and eastern Europe. Revenue in the period from 1 January to 27 April was 1% higher than in the corresponding period of last year, in line with management expectatio
Read moreWednesday tips round-up: Wolfson, BG, McBride...
9th Feb 2011 06:57
Wolfson makes semiconductors that go into a range of electronics products, from tablets to Kindles and smartphones such as the Samsung Galaxy. Indeed, the South Korean electronics group is reckoned to be the unidentified single customer that provides a fifth of all revenues. Revenues should be up b
Read moreLondon close: Late gains for FTSE 100
8th Feb 2011 16:59
The top share index closed with good gains after a late spurt. It was a see-saw day for miners after China raised its key interest rates for the third time since October, with the benchmark one year lending rate hiked by a quarter of a point to 3%. Mining giant Xstrata started the say well after r
Read moreFTSE 250 movers: Beazley on top
8th Feb 2011 16:12
Topping the risers lift is specialist insurer and reinsurer Beazley after pumping up profit by 59% in 2010. Also on the rise is Finnish miner Talvivaara after it signed an agreement with uranium producer Cameco Corporation for the off-take of uranium obtained as a by-product at Talvivaara's mine a
Read moreLondon afternoon: Inmarsat takes flight
8th Feb 2011 14:40
Though miners remain a drag on the index following the Chinese interest rate hike, Footsie struggled back into positive territory over the lunch time session. China raised its key interest rates for the third time since October, with the benchmark one year lending rate hiked by a quarter of a point
Read moreSmall caps round-up: Ark Therapeutics, Hambledon, Nighthawk ...
8th Feb 2011 14:28
Drug developer Ark Therapeutics has sold the majority of its wound care business to Crawford Healthcare for up to £2.7m, comprising £0.77m upfront and up to £1.93m in milestone payments. The value of the gross assets being sold was put at £1,153,000 as at 30 June 2010. The losses on ordinary activi
Read moreLondon midday: China rate rise hits miners
8th Feb 2011 12:10
Shares are slightly under pressure after China's interest rate rise, but stocks move in both directions after updates. China has raised interest rates for the second time in just over a month as the fast-growing east Asian economy continues battling inflation. Mining giant Xstrata is in the red no
Read moreLondon open: Slow start for Footsie
8th Feb 2011 08:56
As expected, London has made a slow start, with the leading index giving back a handful of points after closing at its highest in almost three weeks last night. In company news, BG Group grew fourth quarter profits by 3% thanks to higher energy prices and a lower exploration charge. Operating profi
Read moreMcBride H1 profit slides as material costs bite
8th Feb 2011 07:19
McBride, maker of own label products for retailers, met forecasts with a 29.6% drop in first half profit as it battles with rising raw materials prices and a difficult retail environment, particularly in the UK. The group, which supplies supermarkets such as France's Carrefour and Tesco, said reven
Read moreTuesday preview: BG, Thomas Cook, McBride
7th Feb 2011 15:14
Results from the two giants of the UK oil sector, BP and Royal Dutch Shell, met with lukewarm responses last week which may fill BG Group shareholders with a frisson of foreboding ahead of the oil and gas group's fourth quarter figures on Tuesday. Broker Charles Stanley is expecting fourth quarter
Read moreWeek Ahead: BG Group, McBride, BoE rate decision
4th Feb 2011 11:27
Results from the two giants of the UK oil sector, BP and Royal Dutch Shell, met with lukewarm responses this week which may fill BG Group shareholders with a frisson of foreboding ahead of the oil and gas group's fourth quarter figures on Tuesday. Broker Charles Stanley is expecting fourth quarter
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