Monday broker round-up UPDATE
27th Oct 2014 10:05
Aquarius Platinum: Deutsche Bank shifts target price from 28p to 30p and maintains a buy recommendation. Dechra Pharmaceuticals: FinnCap ups target price from 800p to 840p and reiterates a buy recommendation. easyJet: Morgan Stanley moves target price from 1650p to 1665p leaving its overweight rati
Read moreLondon close: Supermarket share slump limits market gains
23rd Oct 2014 16:15
UK supermarkets held back London shares on Thursday after beleaguered Tesco reported lower first half profits and said the hole in its accounts was bigger than thought. Shares in Tesco led the FTSE 100 Index fallers with a 12p slump to 171p as the group said trading profits dropped 39.4% at constant
Read moreShorecap reviews Premier Foods after profit warning
23rd Oct 2014 13:52
Shore Capital is reviewing its advice to investors to buy Premier Foods shares after the Mr Kipling and Ambrosia rice group warned the City to expect profits at the lower end of hopes. Premier said shoppers' increasing preference for discount supermarkets over the established "Big Four" had hit thir
Read moreLondon midday: UK stocks decline after Tesco, Tullow and Unilever disappoint
23rd Oct 2014 10:34
Poorly-received updates from heavyweights Tesco, Tullow Oil and Unilever and a profit warning from Foxtons were weighing on UK markets on Thursday, though trading was choppy after some better-than-expected data from the Eurozone. The FTSE 100 was down 0.6% at 6,359 by noon, pulling back after reachi
Read moreLondon open: Tesco leads UK stocks lower as first-half profits drop
23rd Oct 2014 07:45
UK stocks fell sharply on Thursday morning, led by poorly-received updates from blue chips Tesco, Tullow Oil and Unilever and a profit warning from Foxtons. London's FTSE 100 index was down 0.7% at 6,355 in early deals, with ex-dividend stocks also providing a drag. Markets were also giving a mixed
Read moreRising popularity of discounters hits Premier Foods
23rd Oct 2014 07:21
The switch by UK shoppers to discounters has forced Mr Kipling and Sharwoods curry sauce maker Premier Foods to report lower sales and to warn that annual profits would be towards the bottom end of hopes. Premier said a loss of market share by the major supermarkets to price-cutters such as Lidl and
Read moreBroker tips: Airlines, Rolls-Royce, Premier Foods, Spectris
20th Oct 2014 12:15
Liberum has highlighted UK-listed IAG, Ryanair and Easyjet as its top picks across the European airline sector, saying it sees "opportunities for the brave" despite sentiment remaining fragile across the industry. "Amidst concerns over Ebola, Eurozone recession and excess capacity, we believe there
Read morePremier Foods update makes ShoreCap nervous but shares look undervalued
20th Oct 2014 09:41
Previewing Premier Foods' third quarter results on Thursday, broker Shore Capital reiterated its 'buy' recommendation in light of the "truly awful" performance of the shares since March's refinancing despite the "much good work" done by management this year. The food producer, owner of Bisto gravy a
Read moreSunday share tips: Premier Foods, Rare Earth Minerals, Bunzl
19th Oct 2014 16:41
It could be the a good time to buy shares of Premier Foods, Danny Fortson argued in his Sunday Times column, Inside the City. The company, whose brands include Oxo and Mr Kipling, took on too much debt before the financial crisis but Chief Executive Gavin Darby has fixed its structural problems. He
Read morePetra Diamonds expects 3% increase in production this year
18th Aug 2014 08:11
Petra Diamonds has guided to a 3% improvement in diamond production this year as it reiterated its target to produce 5m carats a year by 2019. The company said last month that production in the year to 30 June 2014 increased 17% to 3.11m carats, ahead of the market guidance of 3m carats. This is f
Read moreInternational Personal Finance NED buys as market blinded by risks
7th Aug 2014 16:13
After shares of International Personal Finance fell by around £1 in recent weeks, after a solid set of interim results slightly soiled by admission of increased regulatory burden and a reduction in guidance due to higher expansion investment, senior independent director Cathryn Riley has taken the o
Read moreWednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read morePremier Foods non-exec makes show of faith
19th Jun 2014 15:58
Pam Powell, a non-executive director of Premier Foods, has acquired 74,369 shares in the group one day after it warned that sales of its key brands were set to fall short of expectations this year. Powell paid 53.5p for each of the shares, spending a total of £39,787. The modest show of faith ca
Read moreLondon pre-open: FTSE to rise ahead of BoE and FOMC releases
18th Jun 2014 07:40
Gains are expected on the top tier index this morning, driven by a decent performance in the US ahead of both the minutes of the most recent Bank of England (BoE) meeting and the conclusion of the latest policy meeting of the US Federal Open Market Committee (FOMC). City sources predict the FTSE 1
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