Tuesday broker round-up
7th Aug 2012 09:22
AB Foods: Nomura cuts target from 1,400p to 1,380p, buy rating kept. BBA Aviation: Jefferies keeps buy rating and 250p target. Big Yellow: Goldman Sachs upgrades to conviction buy, target lifted from 360p to 390p. Devro: Investec keeps buy rating and 355p target. Diageo: Investec lifts target fr
Read moreMondi in recovery mode as sales pick up
7th Aug 2012 07:55
Mondi, the Anglo-South African paper and packaging firm, has managed to turn around disappointing results at the back end of last year as demand picks up in 2012. Underlying profits before tax for the first six months of 2012 were €223m, against €157m seen in the six months to the end of December,
Read moreMondi says profit ahead of first quarter but below last year
26th Jul 2012 10:38
Mondi, the paper and packaging company, has confirmed that its underlying operating profit for the second quarter of 2012 is expected to be higher than that of the first quarter, but below that the 175m euros achieved in the comparable prior year period. As as result, underlying operating profit f
Read moreMondi acquires consumer packaging supplier
11th Jul 2012 08:35
Mondi Group, the paper and packing company, has bought a controlling stake in Nordenia, a supplier of consumer packaging and hygiene components. Mondi has agreed to acquire 93.4% of the outstanding share capital of Nordenia International for a total cash consideration of €240m, on top of which Mond
Read moreWednesday broker round-up
11th Jul 2012 08:10
ASOS: HSBC downgrades to neutral, target lifted from 1,780p to 1,950p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Aviva: Morgan Stanley upgrades to overweight. Balfour Beatty: UBS downgrades to neutral, target cut from 340p to 310p. BTG: Jefferies downgrades from buy
Read moreMonday broker round-up
9th Jul 2012 08:13
BAE Systems: Jefferies reiterates buy recommendation and 350p target. Britvic: Societe General cuts target from 450p to 400p, buy rating unchanged. Filtrona: Citigroup downgrades to neutral, target lifted from 470p to 515p. Genel Energy: Oriel Securities initiates with buy recommendation. Halfor
Read moreMondi Group takes control of Mondi Swiecie
21st May 2012 07:58
Mondi Group, the paper and packing company with dual listings in London and Johannesburg, has acquired a remaining stake in Mondi Swiecie to take full control of the Polish subsidiary. On May 18th, Mondi bought the remaining 3,407,257 shares in Mondi Swiecie that it did not already own, following t
Read moreFTSE 250 movers: Betfair leaps on German licence
3rd May 2012 15:07
Online betting exchange operator Betfair became the top riser after reporting that it has been awarded a licence to operate its betting exchange in the German state of Schleswig Holstein. The firm intends to pay 20 per cent of its gross gaming revenue to the state in return for the licence. Kesa E
Read moreLondon midday: Investors eye ECB decision as stocks edge higher
3rd May 2012 12:08
- Investors await ECB decision - Successful bond auctions in France, Spain - Mixed reception to barrage of corporate updates The Footsie had traded within a narrow range in morning trade after a strong start ahead of a closely watch interest rate decision from the European Central Bank (ECB) due th
Read moreThursday broker round-up
3rd May 2012 09:15
Afren: finnCap downgrades from buy to hold. Carnival: Shore Capital upgrades from hold to buy. CSR: Jefferies reiterates buy rating and 290p target. Fenner: Credit Suisse downgrades from outperform to neutral, target cut from 540p to 480p. Ferrexpo: Renaissance Capital upgrades from hold to buy.
Read moreLondon open: Stocks rise ahead of ECB decision
3rd May 2012 08:34
- Mixed reception to barrage of blue-chip corporate updates - ECB expected to maintains rates - Kesa in demand after Darty development The FTSE 100 rose strongly on Thursday morning, rebounding after a sharp fall the day before, with investors looking ahead to an interest rate decision from the Eur
Read moreMondi operating profit shrinks
3rd May 2012 07:53
Paper and packaging firm Mondi said its overall performance for the first quarter 2012 was in line with company expectations as underlying operating profit fell. "As anticipated, the generally weaker trading environment seen towards the end of the prior year continued into the early part of the fir
Read moreMonday broker round-up - UPDATE
16th Apr 2012 08:22
AMEC: Investec keeps buy rating and 1,300p target. AVEVA: Merchant Securities maintains buy recommendation and 1,800p target; Invetec cuts target from 1,900p to 1,850p, buy rating kept. Barclays: Investec maintains buy rating and 240p target. BHP Billiton: UBS cuts target from 2,500p to 2,400p, b
Read moreBroker tips: Aggreko, Hays, Mondi
12th Apr 2012 11:06
Prime Markets has reiterated its buy recommendation for temporary power and temperature control solutions group Aggreko, impressed by the firm's strong start the year. "The sheer momentum currently behind Aggreko is so strong, that the trials and tribulations of the Eurozone and subsequent market c
Read moreBroker snap: UBS ups target for Mondi after Swiecie investment
12th Apr 2012 10:50
UBS has raised its tagged for paper and packaging firm Mondi from 550p to 570p after the group yesterday raised its holding in Mondi Swiecie. The acquisition of an additional 27.2% of the issued share capital of Mondi Swiecie has raised the firm's total interest in its subsidiary to 93.2%, and has
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