Nichols beats forecasts with 2013 sales growth
10th Jan 2014 07:13
Nichols, the soft drinks company behind Vimto, Sunkist and Panda, said it finished 2013 strongly with sales growth gaining momentum in the second half. The company, which has a market capitalisation of around £440m, said that sales grew at a year-on-year rate of 4% in the second half, pushing full-
Read moreWednesday broker round-up UPDATE
13th Mar 2013 08:28
Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreNichols beats expectations
7th Jan 2013 10:47
Soft drinks maker Nichols, which owns the Vimto brand, said its full year figures would beat expectations, pushing its shares up in morning trading. The firm said total sales for the year ended 31st December had increased by 9% to £108m, with export sales increasing by 8%. It expects group profit
Read moreThursday broker round-up
26th Jul 2012 10:41
ARM: UBS ups target from 630p to 645p, buy rating kept. Bodycote: Investec cuts target from 410p to 355p, buy rating kept. BSkyB:Jefferies keeps hold rating and 700p target; Investec keeps hold rating and 680p target. Capita: Jefferies ups target from 750p to 795p, buy rating kept. Capital & Cou
Read moreFriday tips round-up: Morrisons, Balfour Beatty, Clarkson...
9th Mar 2012 06:52
In the Telegraph the Questor column hands out a rather brutal judgement on supermarket chain Morrisons. It's got an enthusiastic Chief Executive, is experimenting with convenience store formats and has launched lots of new ranges but its market share is still around 12.2%. To make matters worse the
Read moreNichols posts profit after tough year
8th Mar 2012 12:41
Soft drinks maker Nichols, which owns the Vimto brand, has posted a profit for 2011 despite the fact that 'the UK trading environment in 2011 turned out to be every bit as challenging as anticipated'. Pre-tax profit rose from £14.8m to £18.1m, on revenues of £98.9m (2010: £83.9m). Basic earnings p
Read moreLondon close: Footsie finishes below best levels
6th Jan 2012 17:17
London closed comfortably below its best levels of the day despite better than expected US jobless data which had some market commentators crying 'foul'. US non-farm payrolls grew by 200,000 during the month of December. The consensus estimate was for a reading of 155,000. Morgan Stanley has sugges
Read moreNichols's cup runneth over
6th Jan 2012 14:42
Vimto-maker Nichols issued a bubbly update in which it said 2011 figures will be ahead of market expectations. The group enjoyed a strong 2011 in which its brands had outperformed the soft drinks market in the UK. Sales for 2011 rose 18% on the previous year and exceeded the board's own expectat
Read moreSector movers: AMEC, Hunting drag oil services sector lower
25th Aug 2011 15:41
Underwhelming results from sector giants, AMEC and Hunting, meant that the oil equipment, services and distribution sector was the worst performing sector on Thursday afternoon. FTSE 100 firm AMEC, which provides engineering and project management services to the oil and gas markets, fell nearly 4.
Read moreLondon midday: Stocks back in the red as Lloyds gives up gains
4th Aug 2011 12:05
Stocks are back in the red now after giving up this morning's partial recovery. Investors have turned sour on Lloyds Banking's results having earlier applauded them. The headline items are a £3.2bn provision for potential claims relating to the mis-selling of payment protection insurance, and under
Read moreNichols predicts strong improvement as sales fizz
4th Aug 2011 11:28
Shares in Nichols were fizzing after the maker Vimto and other soft drinks predicted full year profits would be "significantly ahead" of the previous year after a strong first half. Pre-tax profits in the six months to 30 June rose to £7.2m from £6m on revenues that climbed to £50.5m from £44.2m.
Read moreNichols fizzing despite raw material concerns
10th Mar 2011 13:51
Fizzy drinks group Nichols is confident on 2011 prospects after an "outstanding" 2010, though rising raw materials prices did warrant a brief mention in the company's statement. The Vimto maker saw pre-tax profits jump to £14.8m from £11.9m in 2009 on revenues that rose to £41.7m from £36.2m. Nicho
Read moreLondon close: Snow deluge buries Footsie
6th Jan 2011 16:43
Footsie succumbed to the growing list of businesses hit by the snow over the Christmas holidays and closed lower for the first time this week. December's snowfalls cost British Airways about £50m in the third quarter and a little more at the start of January. BA, due to complete its £5.7bn merger w
Read moreLondon afternoon: Winter woes fail to hold back FTSE 100
6th Jan 2011 14:51
It's three out of three days of gains so far this year for the top share index, with the impact of snow on retailers and other businesses over the Christmas failing to hurt overall sentiment. Miners such as gold group Randgold and industrial metals specilists Vedanta Resources and Xstrata are wante
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