Osborne 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
Read moreMonday broker round-up UPDATE
12th May 2014 10:06
Atkins (WS): Numis upgrades from add to buy with a target price of 1650p. Barclays: Credit Suisse moves target price from 260p to 275p and retains a neutral rating. Brit: Numis initiates with a target price of 290p and a buy recommendation. British Sky Broadcasting: JP Morgan raises target price
Read moreSector movers: Diageo and Remy Cointreau hit beverage stocks
17th Apr 2014 15:26
The beverage sector was hit hard on Thursday by disappointing updates from global drinks groups Diageo and Remy Cointreau. Year-to-date organic revenue growth at London-listed Diageo was held back by sales declines in the third quarter due to weakness across many emerging markets, the company said
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreNichols toasts full-year profit rise
13th Mar 2014 08:28
- Double-digit profit and earnings per share growth - Growth in UK and international markets - Confident outlook despite cautious UK consumer spending Soft drinks firm Nichols reported double-digit pre-tax profit growth during its financial year as it continues to grow its UK and international mark
Read moreTuesday broker round-up
14th Jan 2014 08:02
AMEC: Nomura ups target price from 1230p to 1280p and retains a buy recommendation. Amerisur Resources: Investec shifts target price from 73p to 75p and keeps a buy recommendation. AVEVA: Investec increases target price from 2500p to 2900p upgrading from hold to buy. BHP Billiton: JP Morgan raise
Read moreLondon pre-open: FTSE to move above 6,700 ahead of payroll numbers
10th Jan 2014 07:30
City sources predict the FTSE 100 will open 25 points higher than yesterday's close of 6,691.34 ahead of today's US non-farm payroll figure. The consensus of analysts expect the Bureau of Labor Statistics data to reveal a 195,000 increase in non-farm payrolls in December, down slightly from the 20
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