FTSE 250 movers: Tullow surges on possibility of being a takeover target
26th Jan 2016 15:04
(ShareCast News) - After a poor start to the day, the FTSE 250 had rebounded to be up 3.95 points (0.02%) at 16,150.93 by mid-afternoon Tuesday. Tullow Oil surged as oil prices stayed above $30 a barrel, compounded by a Bloomberg survey of traders that believed the company was a likely takeover targ
Read moreBroker tips: PZ Cussons, Vodafone, UK banks
26th Jan 2016 13:06
(ShareCast News) - PZ Cussons has achieved a "solid" first half given the challenges, according to Investec. The consumer goods company reported a 0.2% dip in reported revenue to £385.9m in the first half due to foreign exchange headwinds. Pre-tax profit fell 3.7% on a reported basis to £42.1m. The
Read morePZ Cussons a 'buy' after solid first half, says Investec
26th Jan 2016 10:16
(ShareCast News) - PZ Cussons has achieved a "solid" first half given the challenges, according to Investec. The consumer goods company reported a 0.2% dip in reported revenue to £385.9m in the first half due to foreign exchange headwinds. Pre-tax profit fell 3.7% on a reported basis to £42.1m. The
Read moreForex hits PZ Cussons' results
26th Jan 2016 07:36
(ShareCast News) - Foreign exchange has hit PZ Cussons' half year results, with a small dip in reported revenue and a 3.7% drop in profit before tax. The FTSE 250 company issued a trading update for the six months to 30 November 2015 on Tuesday. Revenue dropped 0.2% to £385.9m, however on a constan
Read moreFTSE 250 movers: Issues in Africa cause problems for Investec and PZ Cussons
10th Dec 2015 14:33
(ShareCast News) - The FTSE 250 continued to drop on Thursday, with the market down 52.17 points (0.30%) to 17,087.68 by mid-afternoon. Political events in South Arica caused Investec to plummet throughout the day. President Jacob Zuma on Wednesday evening fired the country's finance minister, Nhlan
Read morePZ Cussons profits will be flat as strong UK balances Nigerian weakness
10th Dec 2015 08:29
(ShareCast News) - Personal care and beauty products maker PZ Cussons has maintained a flat performance in the first six months of its financial year but warned that risks remained about its key market of Nigeria. The maker of St Tropez fake tan and Imperial Leather soaps, among numerous other well-
Read moreFTSE 250 movers: Greggs surges on strong update; Acacia tumbles as output disappoints
6th Oct 2015 13:40
(ShareCast News) - London's FTSE 250 index was flat at 17,111.00 at 1400 BST, as investors took a breather following healthy gains in the previous session. Greggs surged after the bakery chain served up a tasty trading update. It said sales in the 13 weeks to October were slightly ahead of its expec
Read moreCussons on track despite foreign exchange headwinds
22nd Sep 2015 07:43
(ShareCast News) - New products and major campaigns have helped PZ Cussons remain on track for the last four months. The consumer products group issued a trading statement on Tuesday ahead of its AGM. It said the financial position of the group remains strong with cash generation also in line with
Read moreBroker tips: Jimmy Choo, Hargreaves Lansdown, PZ Cussons
9th Sep 2015 17:01
(ShareCast News) - RBC Capital Markets has initiated coverage of Jimmy Choo at 'outperform' with a 200p price target. "Jimmy Choo's footwear-focused model is attractive given the early stage of brand development and the defensiveness of the product category on a long term view," the Canadian bank sa
Read morePZ Cussons rallies on Investec upgrade
9th Sep 2015 11:02
(ShareCast News) - PZ Cussons got a boost after Investec lifted the stock to 'buy' from 'hold', noting weakness in the shares since July. "Whilst there remains a risk of further currency headwinds this year, we feel the stock price, at these low levels, is more than discounting a 15-20% devaluation,
Read moreFTSE 250 movers: IG Group buffeted by currency headwinds, miners rebound
21st Jul 2015 14:07
(ShareCast News) - Mid-caps were subdued on Tuesday as strong performances from oil, insurance and technology stocks were offset by losses in the telecommunications, utilities and construction sectors. As of 14:30 BST, the FTSE 250 was trading flat at 17,790. IG Group topped the fallers after repor
Read moreLondon midday: Morgan Stanley calls time on UK-focused stocks
21st Jul 2015 12:49
(ShareCast News) - Investors were keeping their powder dry ahead of a raft of earnings reports from several US tech heavyweights due out after the close on Tuesday while pondering their next move after the bounce seen in stocks over the past fortnight. With expectations building for interest rate hi
Read morePZ Cussons cautions on continued currency headwinds after full year profits hit
21st Jul 2015 08:39
(ShareCast News) - For the 42nd year in a row, PZ Cussons increased its full year dividend, despite revenues and profits being dragged down by the major currency devaluation in Nigeria, its largest business. These challenges are expected to continue in the new year, the company cautioned, as further
Read moreTuesday preview: UK deficit shrinking further, PSNB should show
20th Jul 2015 16:40
(ShareCast News) - A further considerable improvement in UK public finances should be the main item of interest for macroeconomic data hounds on Tuesday, in an otherwise very quiet day for scheduled economic data. The UK public sector net borrowing figures for June will be unveiled by the Office for
Read moreFTSE 250 movers: N Brown higher on stable full-year guidance, PZ Cussons downgraded
19th Jun 2015 13:51
Mid caps gained slightly on Friday as strong performances from construction, telecommunication and retail stocks offset a disappointing end to the Eurogroup meeting on Greece. As of 1545 BST, the FTSE 250 was trading 0.12% higher at 17,700. N Brown, the home shopping group which brands such as Simp
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