Sunday newspaper round-up: UK economy, RBS, Tesco
1st Dec 2013 16:13
The Office for Budget Responsibility (OBR) will say the economy is growing at twice the rate it forecast in March, the Sunday Telegraph and Sunday Times reported. The OBR will say 2013 growth has jumped to 1.4% from the 0.6% it predicted eight months ago. Next year the economy will grow by about 2.3
Read morePremier Food hunting for bread partner
6th Nov 2013 14:21
Branded foods group Premier Foods confirmed press speculation that it was looking to sell a slice of its bread business to private equity groups. The owner of Mr Kipling, Bisto, Oxo and Hovis said it has appointed financial adviser Ondra Partners "to assist in developing investment options for the
Read moreMixed third quarter at Premier Foods
31st Oct 2013 08:35
- Third quarter sales slip - Slower growth at Grocery Power Brands - Reiterates full year guidance Branded food producer and ingredients firm Premier Foods said total underlying sales slipped in the three months ending September 31st as it sticks to its full year expectations. The producer of bran
Read moreFriday broker round-up UPDATE
11th Oct 2013 08:51
Barratt Developments: Deutsche Bank moves target price from 365p to 391p reiterating its buy recommendation. Bovis Homes Group: Deutsche Bank raises target price from 901p to 1001p and keeps a buy recommendation. Croda International: Liberum Capital downgrades to hold with a target price of 2480p.
Read morePremier Foods shares plunge as CFO exits
24th Sep 2013 10:19
Premier Foods confirmed that Chief Financial Officer Mark Moran has decided to leave the company and will be replaced at the end of September by former Dairy Crest Finance Director Alastair Murray. Shares of Premier Foods plunged as much as 8% in early trading on concern about the impact of Moran's
Read moreThursday broker round-up UPDATE
12th Sep 2013 09:01
African Minerals: Deutsche Bank cuts target price from 550p to 450p and retains a buy recommendation. Citi lowers target price from 380p to 320p keeping a buy recommendation. Aggreko: Deutsche Bank reduces target price from 2100p to 1870p, while staying with its buy recommendation. ARM Holdings: G
Read moreWednesday broker round-up UPDATE
11th Sep 2013 08:14
Advanced Medical Solutions: Panmure Gordon moves target price from 90p to 102p and reiterates a buy recommendation. Amara Mining: Numis shifts target price from 40p to 45p retaining its buy recommendation. Anite: Numis cuts target price from 155p to 128p and downgrades to hold. Ashmore Group: Ban
Read moreBroker tips: IAG, M&S, Premier Foods
27th Aug 2013 11:44
Investec has downgraded its rating for British Airways owner International Airlines Group (IAG) from 'buy' to 'hold' after strong gains seen across the airlines sector since the start of the year. "European airlines have benefited from reduced capacity and a flattening of fuel prices in 2013. Stron
Read moreBroker snap: Credit Suisse sees 'substantial upside' at Premier Foods
27th Aug 2013 10:16
Credit Suisse has lifted its recommendation for food manufacturer Premier Foods from 'neutral' to 'outperform' and raised its target price from 100p to 155p. This Swiss bank said that Premier Foods has begun to stabilise and is even beginning to show some signs of growth. It said: "Valuing a busi
Read moreTuesday broker round-up UPDATE
27th Aug 2013 09:14
Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.
Read moreBroker 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 more