London midday: New highs for FTSE 100
6th Jan 2011 12:12
The top share index is posting gains for the third day in a row and is trading at levels not seen since May 2008. Gold miner Randgold leads the mining sector higher as the price of gold stabilises. Vedanta Resources and Xstrata are the other stand-out stocks in the sector. It is chip designer ARM
Read moreNichols to beat expectations as sales fizz
6th Jan 2011 07:44
Nichols, the soft drinks group behind the fruity beverage Vimto, expects profitability for the full year to be ahead of current market expectations after the strong performance of the first half continued into the second. Full year 2010 revenues are once again well ahead of internal plans, with op
Read moreLondon close: Rally falls short
4th Aug 2010 16:50
The FTSE 100 briefly made it into positive territory in the afternoon session but that only lured out more sellers and the blue-chip index closed slightly down on the day. Shares in Next remained in the doghouse all day, not so much because of the performance in the first half of its financial yea
Read moreLondon midday: Stocks start to recover
4th Aug 2010 12:08
Leading share prices have come off the bottom but the FTSE 100 remains in arrears, following mixed news on the corporate front. Shares in Next are sharply lower. The fashion retailer has noticed a 'cooling' in consumers' demand in recent months, but still expects profits this year to rise by betwee
Read moreNichols profits fizz as sales soar
4th Aug 2010 11:52
Soft drinks group Nichols saw profits climb by 39% in the half year to June 30 as sales stayed strong despite uncertain economic conditions. The Vimto maker posted a pre-tax profit of £6m, up from £4.3m in the same period the previous year, as revenues jumped to £44.2m from £37.5m. 'Our very stron
Read moreMARKET TALK: Britvic Reports A Robust Update - Shore
23rd Jul 2010 08:06
0706 GMT [Dow Jones] Britvic's (BVIC.LN) trading statement shows a resilient performance and is a robust update, says Shore Capital. Says underlying British, international and Irish businesses see revenue growth for the quarter of 6.9% against the prior year. Notes that management remains cautious a
Read moreSector movers: Miners buck the downward trend
21st May 2010 14:07
Unusually for a day that has seen the FTSE 100 sliding more than 100 points, miners are in demand. The sector has been helped by a slight improvement in metals prices, which comes after a week of sharp declines. FTSE 100 mining stalwarts such as Xstrata, Fresnillo and Rio Tinto are wanted. But sh
Read moreNichols boss to raise a glass to strong trading
20th May 2010 12:39
Soft drinks group Nichols' chief executive John Nichols is bullish on the company's prospects for 2010 following a strong start to the year. Following a strong year in 2009, momentum at the Vimto maker has continued into the current year. 'Sales in the new financial year, despite strong comparativ
Read moreLondon close: Market unmoved by Budget
24th Mar 2010 16:49
The blue-chip index finished marginally higher after a Budget that was light on bells and whistles While there was little in the Budget to excite anyone other than first-time buyers, cider drinkers and British occupants of Dominica, Grenada and Belize, the corporate news scene was busy, with half
Read moreNichols profits jump as sales fizz
24th Mar 2010 12:35
Nichols, the soft drinks maker behind Vimto, raised a glass to an 'exceptional' year as it posted a sharp rise in revenues and profits in 2009. Pre-tax profits climbed by 22% to £12.2m from £10m the previous year, as turnover jumped by 29% to £72.4m from £56.2m. Nichols said it invested heavily in
Read moreNichols makes Tim Croston new FD
20th Nov 2009 09:42
Drinks group Nichols has named Tim Croston, currently finance and operations boss of the Vimto soft drinks division, as its new finance director. Croston, 46, will start his new role on 1 January, filling the gap left by Taylor Purkis who stepped down as FD at the beginning of September. Brendan H
Read moreProfits fizz at Nichols
5th Aug 2009 08:59
Soft drinks group Nichols anticipates profits for the year will exceed current expectations after a strong first half. The Vimto maker posted a pre-tax profit of £4.3m compared with £3.2m over the same period the previous year as revenues climbed to £37.5m from £29.1m. It lifts the interim dividend
Read moreComment: Core brands keep drinks groups fizzing
20th May 2009 18:10
The exotic array of soft drinks offered to consumers has probably never been wider, but judging by two company updates today, thirsty but cash-strapped drinkers are turning back to the fizzy favourites they know and love. Britvic, which makes Tango and distributes Pepsi and 7UP in the UK, saw pre-t
Read moreStrong Vimto sales boost Nichols
20th May 2009 15:20
Soft drinks group Nichols said trading in the new financial year has started ahead of expectations, helped by strong sales of its core Vimto brand. Sales of the fruity carbonated drink were up by 11.8% in the 12 weeks to 18 April, against a total soft drinks market increase of 0.6%. Nichols intend
Read more