Premier Farnell returns to growth in August
13th Sep 2012 07:29
Electronics components supplier Premier Farnell saw the year-on-year decline in its top line slow in the second quarter, as it sacrificed margin to protect market share. In the second quarter of a financial year which runs to February 3rd, 2013, Premier Farnell's revenue eased 1.6% to £238.2m from
Read moreTuesday broker round-up
11th Sep 2012 09:29
3i Group: Oriel Securities downgrades to hold. AB Foods: HB Markets upgrades to buy. ARM Holdings: UBS raises target from 645p to 750p, buy rating kept. ASOS: Investec upgrades from hold to buy, 2,450p target kept. Bunzl: Goldman Sachs downgrades to sell, target cut from 978p to 965p. Burberry:
Read moreLondon pre-open: Stocks cautious after Moody's lowers EU outlook
4th Sep 2012 07:32
London's Footsie is expected to open just a few points lower than yesterday's close of 5,758 after Moody's lowered the European Union's outlook. Credit ratings agency Moody's last night maintained the EU's 'Aaa' rating but lowered its outlook for the region from 'stable' to 'negative' to reflect "t
Read moreWhitbread poaches bean counter from Premier Farnell
4th Sep 2012 07:02
Nicholas Cadbury is defecting from electronic components supplier Premier Farnell to become the new Group Finance Director of Whitbread, the Costa Coffee and Premier Inns owner. Cadbury will succeed Christopher Rodgers as chief bean counter at Whitbread, with Rodgers moving on to become Managing Di
Read moreTuesday broker round-up
21st Aug 2012 08:18
African Barrick Gold: Canaccord Genuity cuts target from 440p to 380p, hold rating kept. Amlin: Morgan Stanley keeps overweight and 414p target. Chemring: Citigroup downgrades to neutral, target lifted from 360p to 430p. CRH: Bernstein cuts target from 1,264p to 1,179p. Electrocomponents: Jeffer
Read morePremier Farnell in bolt-on Chinese buy
5th Jul 2012 12:56
Electronics components supplier Premier Farnell has completed the acquisition of Shenzhen Embest Technology, a Chinese provider of embedded system development boards and tools, as well as design engineering services. Financial terms of the acquisition were not divulged but Premier Farnell did revea
Read moreMonday broker round-up - UPDATE
18th Jun 2012 08:20
Anglo American: UBS cuts target from 3,260p to 3,100p, buy recommendation maintained. Barclays: AlphaValue downgrades from buy to add, target kept at 230.2p; Nomura keeps neutral rating and 268p target. British American Tobacco: Citigroup retains buy rating. Essar Energy: Citigroup initiates cove
Read moreFTSE 250 movers: Petropavlovsk rises after target boost
14th Jun 2012 15:01
Shares in Petropavlovsk, a Russia-focused gold group, leapt over 10 per cent after the company increased its production target to 700,000oz and reduced its cost expectations. Gold production has jumped 29%, while the average realised gold sales price has soared 15% and total gold sold during the f
Read moreLondon midday: Markets calm as Italian yields rise
14th Jun 2012 11:50
Markets have reacted positively in the main to the outcome of the Italian bond auction on Thursday morning, which saw yields rise fairly steeply. Italy issued a total of €4.5bn of debt in three, seven, and eight-year bonds. It matched its issuance target but had to pay higher yields than on the pr
Read moreLondon open: Sweet FA deal batters Sky and BT
14th Jun 2012 08:45
You would have thought that the market had become used to sovereign debt downgrades by now, but the decision by Moody's to take Spain's rating down three notches to a level adjacent to 'junk' status has ratcheted up tension ahead of Italy's debt auction this morning. Italy is set to auction €4.75bn
Read moreLondon pre-open: Eurozone fears to spark lower start for FTSE
14th Jun 2012 07:31
City sources predict the FTSE 100 will open down 18 points from yesterday's close of 5,484, tracking losses seen in both the US and Asia as concerns over the Eurozone persist, made worse by disappointing data from the US. Royal Dutch Shell is ploughing on with its bid for Cove Energy, extending th
Read morePremier Farnell finds it tough to match last year
14th Jun 2012 07:14
First quarter revenues and profits were down at electronics components supplier Premier Farnell, but the group said sales are stabilising. Total revenue in the February to April quarter was down 5.0% at £241.0m from £252.5m the year before. Both Europe and Asia Pacific showed strong sequential grow
Read moreWednesday broker round-up
30th May 2012 09:31
Aberdeen: UBS cuts target from 340p to 300p, buy rating unchanged. Ashmore: UBS cuts target from 420p to 380p, buy rating unchanged. AVEVA: Merchant Securities raises target from 1,800p to 1,850p, buy rating unchanged. Centrica: Nomura cuts target from 355p to 320p, neutral rating kept. Drax: No
Read morePremier Farnell's CEO heading to Thomas Cook
24th May 2012 07:08
Harriet Green, who has been the Chief Executive at electronic components supplier Premier Farnell since 2006, has announced her - some might say brave - decision to leave the company and take over at the helm of embattled travel company Thomas Cook. Green will step down from her current role after
Read moreThursday broker round-up
3rd May 2012 09:15
Afren: finnCap downgrades from buy to hold. Carnival: Shore Capital upgrades from hold to buy. CSR: Jefferies reiterates buy rating and 290p target. Fenner: Credit Suisse downgrades from outperform to neutral, target cut from 540p to 480p. Ferrexpo: Renaissance Capital upgrades from hold to buy.
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