Wednesday broker round-up
9th Jan 2019 12:26
(Sharecast News) - Nichols: Numis upgrades to add with a target price of 1,650p.
Read moreNichols' profits grow on the back of 'excellent' UK performance
9th Jan 2019 08:03
(Sharecast News) - Sales at soft drinks company Nichols bubbled up last year on the back of an "excellent performance" by its UK businesses.
Read moreMonday broker round-up
10th Dec 2018 13:19
(Sharecast News) - RSA: Jefferies upgrades to buy with a target price of 606p.
Read moreGrant Thornton fined £3m over audit misconduct
29th Aug 2018 08:36
(Sharecast News) - The accounting regulator has fined Grant Thornton £3.0m for misconduct over the firm's audits of Nichols and Salford University.
Read moreThirst for Vimto sees Nichols revenue rise
10th Jan 2017 08:31
(ShareCast News) - Nichols issued a trading update for the year ended 31 December on Tuesday, with group revenue increased 7.3% over the year to total £117.3m. The AIM-traded company said that growth came from both its UK and international business activities. In the UK, sales increased by 6.9% aga
Read moreThursday broker round-up
4th Aug 2016 11:59
(ShareCast News) - Next: Goldman Sachs reiterates sell with a target price of 4800p. Standard Chartered: JP Morgan maintains overweight with a 800p target. Shire: JP Morgan reiterates overweight with a 6300p target. Genus: HSBC stays at buy with a 2200p target. Nichols: UBS keeps at buy with a ta
Read moreOsborne stands by sugar tax, tells drinks companies to 'bring it on'
24th Mar 2016 11:35
(ShareCast News) - Chancellor George Osborne stood by his decision to introduce a sugar tax on Thursday. When questioned about reports that some drinks makers were planning a legal challenge against the new policy, Osborne told the Treasury Select Committee the government would defend it "robustly"
Read moreUK Budget: Govt to introduce sugar levy on soft drinks by 2018
16th Mar 2016 13:28
(ShareCast News) - Soft drink makers will be forced to pay a new government levy under plans announced by Finance Minister George Osborne in his annual Budget on Wednesday. He told parliament the levy would be used to fund school sports and help to fund extending school days for wider activities tha
Read moreBroker tips: Burberry, Lloyds, Britvic
26th Feb 2016 12:48
(ShareCast News) - Nomura upgraded Burberry to 'buy' from 'neutral' and lifted the price target to 1,500p from 1,450p. It said since the company announced a review of the global market, its initiatives, efficiency programmes, productivity and capital allocation, expectations have risen in anticipati
Read moreNichols full year in line, but UK market still challenging
8th Jan 2016 09:23
(ShareCast News) - Nichols said trading for the year ended 31 December was in line with the previous year and management's expectations. The soft drinks maker said group revenue for the year came in at £109.3m and while the UK market has remained challenging, its international sales grew 1.5% compar
Read moreNichols acquires a 49% equity stake in Noisy Drinks
29th Apr 2015 08:20
Nichols, the UK soft drinks business, has taken an initial 49% equity stake in Noisy Drinks for £2.7m. Noisy Drinks distributes slush drinks under the Starslush brand and had an annual turnover of £6.6m in its last financial year. Nichols portfolio includes Vimto, Levi Roots, Sunkist and Panda and
Read moreNichols confident of reporting higher profit and EPS for 2014
8th Jan 2015 14:44
Soft drinks producer Nichols said faster growth in the Middle East and in the UK in the second half of the year will boost profit and earning per share growth for 2014. The group said full year sales for 2014 are expected to increase 3.4% to £113.6m, while international sales rose 4.3% year-on-year
Read moreNichols beats forecasts with 11% profit growth in first half
24th Jul 2014 13:55
Soft drinks group Nichols anticipates its full-year performance to be in line with expectations after it unveiled a positive trading statement for the first half of 2014. The England-based manufacture, whose portfolio includes Vimto, Sunkist, Panda and Weight Watchers, delivered an 11% advance in i
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreNichols surprised by £9m Vimto damages payout
2nd Jul 2014 14:25
Nichols shares were hit after the High Court ruled that the soft drinks company must pay the equivalent of £8.0m in damages, in addition to costs in the range of £1m-1.5m, following a litigation claim from Gul Bottlers. The amount is significantly above the £2m that the company had set aside for th
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