European Commission clears Premier Farnell's Avnet deal
7th Oct 2016 11:53
(ShareCast News) - The European Commission has cleared US-based Avnet's takeover offer for London-listed electronics maker Premier Farnell. The EC said the companies' activities overlap in most European Economic Area countries. However, it concluded that the transaction would raise no competition co
Read morePremier Farnell fizzles as Dätwyler refuses to top Avnet offer
18th Aug 2016 12:17
(ShareCast News) - Premier Farnell shares sank on news that Swiss suitor Dätwyler Holding was refusing to improve its offer for the electronic components distributor. At the end of last month Premier abandoned its recommendation on an offer by Datwyler's Technical Components UK arm in favour of a ri
Read morePremier Farnell quits Datwyler offer to recommend Avnet's tilt
28th Jul 2016 11:45
(ShareCast News) - UK mini-computer maker Premier Farnell has abandoned its recommendation on an offer by Datwyler Technical Components UK Ltd in favour of a rival and richer bid stumped up by Avnet, Inc. The Avnet offer -- at premium 185p a share in cash -- valued Premier Farnell's issued share cap
Read moreHSBC downgrades Premier Farnell as it lifts target price to reflect Daetwyler offer
21st Jul 2016 10:33
(ShareCast News) - HSBC downgraded Premier Farnell to 'hold' from 'buy' as it lifted the price target from 145p to 165p, which is the price Swiss conglomerate Daetwyler is paying per share to buy the technology company. With the new target price now implying 0.3% upside, the bank has decided to down
Read moreWednesday newspaper share tips: Premier Farnell and FirstGroup
15th Jun 2016 13:50
(ShareCast News) - Premier Farnell shareholders should accept a decent price for a fading business, opines the Financial Times' Lex column after yesterday's recommended bid by Daetwyler. The Leeds-based outfit made most of its money by distributing electronic components and rivalry in the market has
Read moreRBC downgrades Premier Farnell, says Daetwyler deal looks a good price
14th Jun 2016 12:02
(ShareCast News) - RBC Capital Markets downgraded electronic component distributor Premier Farnell to 'sector perform' from 'outperform' but lifted the target price to 165p from 155p following its agreement to be bought by Swiss-based Daetwyler Holding AG for 165p per share. "Given our view that thi
Read morePremier Farnell rockets on Daetwyler deal
14th Jun 2016 07:04
(ShareCast News) - Shares in Premier Farnell rocketed on Tuesday after the electronic component distributor agreed to be bought by Swiss-based Daetwyler Holding AG for 165p per share in cash. The price represents a premium of around 51% to Premier's closing price on Monday and gives an enterprise va
Read moreLondon pre-open: Stocks seen a little lower amid growth, Brexit concerns
14th Jun 2016 07:01
(ShareCast News) - London stocks were seen opening a little lower on Tuesday amid ongoing concerns about global growth and the possibility the UK might vote to leave the EU in next week's referendum. Investors were also likely to be cautious ahead of rate announcements from the FOMC and the Bank of
Read morePremier Farnell profits softer as forecast but outlook disappoints
17th Mar 2016 08:41
(ShareCast News) - Final results from Premier Farnell were largely in line with expectation but reminders of the unrelenting challenges ahead for the refocused electronics distributor left investors disappointed. In the year to 31 January, adjusted profit before tax slumped 23% to £57.3m on revenue
Read moreHSBC upgrades Electrocomponents, sees more value at Premier Farnell
17th Feb 2016 13:42
(ShareCast News) - HSBC upgraded Electrocomponents to 'buy' and reiterated the same recommendation on fellow electronic distributor Premier Farnell, though it acknowledged the trading environment will continue to be weak in the short run. Electrocomponents, lifted from its prior 'hold' rating, was g
Read morePremier Farnell to sell Akron Brass business
5th Feb 2016 12:17
(ShareCast News) - Technology distributor Premier Farnell has agreed to sell its life-safety products unit Akron Brass to IDEX Corporation for $224.2m (£154m) in cash. Premier said the deal will enable it to focus on executing the initiatives identified as part of its operational review to restore g
Read moreBroker tips: Tate&Lyle, Asos, Premier Farnell
24th Sep 2015 17:14
(ShareCast News) - Tate & Lyle was the standout gainer on the FTSE 250 after Liberum upgraded the stock to 'buy' from 'sell' and lifted its price target to 670p from 505p. "While history is disappointing - four profit warnings and a collapse of around 40% in pre-tax profits since full-year 2014 - we
Read moreCitigroup downgrades Premier Farnell, notes structural challenges
24th Sep 2015 12:32
(ShareCast News) - Premier Farnell was under pressure after Citigroup downgraded the stock to 'sell' from 'neutral' and cut its price target to 90p from 140p following the company's profit warning last week. The bank said it was downgrading its full-year 2016 earnings before interest and amortisatio
Read moreFriday newspaper share tips: Premier Farnell and Kier Group
18th Sep 2015 11:45
(ShareCast News) - Premier Farnell is in a bit of a mess at the moment, according to The Times' Tempus, after a 13.7% fall in interim pre-tax profits, and a warning second half operating profits could be lower than forecasts. Tempus said the stock is a good indicator of global economic trends, but i
Read moreLondon close: Stocks fall ahead of FOMC interest rate decision
17th Sep 2015 16:26
(ShareCast News) - London stocks dropped on Thursday as investors turned their attention to the Federal Reserve's announcement on interest rates due after the close. The market sees a less than 25% chance that the Fed will raise rates. The Federal Open Market Committee publishes its decision at 1900
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