Broker tips: Croda, Ladbrokes, Premier Foods
23rd Jul 2013 11:30
Interim results from Croda International may have just about met consensus forecasts, but Canaccord Genuity said it was slightly disappointed, leaving its 'sell' rating for the stock. "The stock commands a premium that the fundamentals no longer justify. This is now the fourth straight quarter of b
Read moreBroker snap: Premier Foods reports 'very strong' H1, says Investec
23rd Jul 2013 10:24
Investec has reiterated its 'buy' rating for branded food producer and ingredients firm Premier Foods after the company reported 'very strong' first-half results on Tuesday. The company, famous for its Ambrosia, Hovis and Sharwood's brands, said that trading profit for 2013 will now be at the upper
Read moreWednesday broker round-up UPDATE
10th Jul 2013 08:59
Anglo American: Goldman Sachs reduces target price from 1400p to 1100p and retains a sell recommendation. Antofagasta: Goldman Sachs takes target price from 935p to 810p reiterating its neutral rating. Babcock: JP Morgan increases target price from 1230p to 1380p and retains an overweight rating.
Read moreThursday newspaper round-up: Premier Foods, Lloyds, JPMorgan...
25th Apr 2013 06:40
The Guardian says: "Premier Foods, the firm behind Bisto, Hovis and Mr Kipling, is sitting on a pensions timebomb that risks wiping up to a quarter off the value of retirement savings of 60,000 past and present workers if the debt-laden food manufacturer were to slip into insolvency, according to a
Read morePremier Foods first quarter sales up one per cent
23rd Apr 2013 07:28
Hovis bread and Mr Kipling cakes maker Premier Foods said first quarter sales, excluding Milling, increased one per cent as it sticks to full year guidance. Sales, excluding Milling, rose to £327m while Branded sales increased 2.2% in the three months ending March 31st 2013 after a 3.5% increase in
Read moreSunday share tips: Premier Foods, Halfords, Prezzo
21st Apr 2013 21:39
Recently resigned Premier Foods Chief Executive Michael Clarke has left a smell of 'spoilt food' behind him after his 18-month tenure. While he did push through a vital restructuring he left the job half done. In fact, the company's very existence is still in question. Its deficit is expected to dou
Read moreTuesday broker round-up UPDATE
9th Apr 2013 08:10
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Borders & Southern: Sanlam Securites shifts target price from 86.60p to 87.40p and leaves its buy recommendation unchanged. Britvic: Nomura raises target price from 480p to 540p keeping a buy reco
Read moreNew Premier Foods CEO opens account
22nd Feb 2013 16:09
Gavin Darby, the new Chief Executive Officer of Premier Foods, purchased 0.7m pounds-worth of shares on Thursday, the same day the debt-laden food manufacturer posted an increase full year underlying trading profit. The CEO, who was appointed to the role last month, bought 750,268 shares at 93.30p
Read morePremier Foods upbeat after annus horribilis
21st Feb 2013 08:35
Debt laden food manufacturer Premier Foods said it expects to make progress in the year ahead, despite persistently challenging markets, as it posted an increase full year underlying trading profit. Underlying trading profit, which excludes all disposals announced in 2011 and 2012, rose 10.6% to £
Read moreMonday broker round-up UPDATE
11th Feb 2013 07:41
Aquarius Platinum: Deutsche Bank shifts target price from 82p to 83p keeping a buy recommendation. AstraZaneca: JP Morgan cuts target price from 2970p to 2750p and retains an underweight rating. Avation: WH Ireland ups target price from 120p to 140p, while its buy recommendation is kept. Bellway:
Read moreTuesday broker round-up UPDATE
5th Feb 2013 07:14
Alternative Networks: Westhouse Securities downgrades from add to neutral with a target price of 280p. Anite: Northland Capital shifts target price from 153p to 167p leaving its buy recommendation unchanged. Barratt Developments: Liberum Capital raises target price from 165p to 259p and retains a
Read moreTuesday newspaper round-up: Lloyds, RBS, Virgin Media...
5th Feb 2013 06:53
The boss of one of Britain's taxpayer-owned banks is being lined up for a bonus of up to 1.5 million pounds for last year, refusing to follow the example set by his counterparts at RBS and Barclays, who have both waived their rights to a payout. António Horta-Osório, chief executive of Lloyds Bankin
Read moreMan ousted by Vodafone twice is appointed Premier Foods CEO
28th Jan 2013 08:02
The man who was ousted by Vodafone twice has been appointed Chief Executive Officer of Premier Foods. Gavin Darby will take over from Michael Clarke on February 4th as boss of the British food manufacturer. Darby left Vodafone as a Director in 2010 following a difference of opinion with Chief Exec
Read morePremier Foods sees results in line
17th Jan 2013 07:45
UK food producer Premier Foods confirmed that fourth quarter trading for 2012 was in line with company expectations, after solid progress during the final quarter. The maker of Mr Kipling cakes and Hovis bread as well as a solid performance during the fourth quarter, growth momentum continued behin
Read morePremier Foods renews Cadbury cake licence to boost growth
20th Dec 2012 09:10
Premier Foods has renewed its long-standing licence to produce Cadbury?-branded cake products until at least June 2017 as part of a plan to boost growth in the cake category. The new licensing deal, which was negotiated with Cadbury owner Mondelez International, provides a platform to drive growth
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