Broker tips: BP, Hikma, Kingfisher, Berkeley Group, PZ Cussons
19th Jun 2015 11:32
RBC Capital Markets downgraded BP to' sector perform' from 'outperform' and kept the price target at 500p, following the stock's significant outperformance versus its closest peer Royal Dutch Shell. "We continue to see potential upside to BP's cost reduction potential, but feel the risk reward oppor
Read morePZ Cussons cut to 'neutral' by Goldman on valuation
19th Jun 2015 11:15
Goldman Sachs downgraded PZ Cussons to 'neutral' from 'buy', noting that the stock has outperformed the sector by 14% in the year to date. Since being added to Goldman's buy list on 12 November 2013, the shares are down 5.4% versus a flat FTSE World Europe, the bank said. Still, GS said that Cusson
Read morePZ Cussons on track to meet annual expectations
11th Jun 2015 08:10
PZ Cussons, the maker of bath products Imperial Leather and Original Source, said its full-year performance was in line with expectations. The FTSE 250 group said its brands delivered a strong performance in the UK market, driven by a renovation and innovation programme, while trading was in line wi
Read morePZ Cussons downgraded by Panmure on Nigerian currency concerns
27th May 2015 09:36
Broker Panmure Gordon has downgraded its rating on PZ Cussons to 'sell' as the surging shares in the personal healthcare and consumer goods group no longer reflect likely currency headwinds. Shares in PZ Cussons have risen around 20% to almost 370p since the start of the calendar year and though Pan
Read moreLondon pre-open: UK stocks set for higher open on split FOMC
9th Apr 2015 07:53
UK stocks are headed for a higher start on Thursday as investors this side of the Atlantic react to the minutes of the latest Federal Reserve meeting, which showed that policymakers were divided on the right time to hike rates. City sources predict the FTSE 100 will open 28 points higher than Wednes
Read morePZ Cussons says Q3 in line as FX rates in Nigeria stablise
9th Apr 2015 07:14
Consumer products group PZ Cussons has said that trading over the third quarter was in line with its expectations. In a brief statement on Thursday, the Imperial Leather, Original Source and Carex owner said its outlook has not changed since interim results in January. However, one positive was tha
Read moreThursday preview: BoE unveils latest policy decision amid concerns of low inflation
8th Apr 2015 14:18
The Bank of England (BoE) is on Thursday widely expected to keep interest rates at the record low of 0.5% and the asset purchase programme at £375bn. The central bank's chief economist Andy Haldane last month suggested the possibility of a rate cut to address low inflation but Governor Mark Carney h
Read morePZ Cussons buys out partner in Nigerian milk business
1st Apr 2015 07:58
Consumer products group PZ Cussons has spent £21m in cash to buy out its partner Glanbia in their Nigerian joint venture Nutricima. The move, ending a joint venture that was formed in 2003, will give the FTSE 250 outfit full ownership and control of the evaporated milk, milk powder and UHT business.
Read moreUnrest in Nigeria hurts PZ Cussons' H1 profit and revenue
27th Jan 2015 15:09
Political tension in Nigeria and the devaluation of the local currency hit first half profit of soap maker PZ Cussons. The company, which produces Imperial Leather soaps, said in the six months to 30 November profit fell 8.2% from the corresponding period a year ago, while revenue declined 10% to £3
Read moreSunday share tips: PZ Cussons, Finsbury Food Group
25th Jan 2015 18:29
Sell shares of PZ Cussons, Danny Fortson recommended in the Sunday Times. The maker of Imperial Leather soap has been hit by economic problems in Nigeria, its biggest market, and pressure applied to suppliers by the UK supermarkets. Cussons' Chief Executive Alex Kanellis will struggle to meet foreca
Read moreLondon pre-open: FTSE to track modest recovery in China
10th Dec 2014 07:45
London-listed stocks are expected to recover somewhat from Tuesday's sell-off, with City sources predicting the FTSE 100 will open around 25 points higher than its closing level of 6,529.47. That comes as Chinese markets experienced a modest lift following a significant decline the previous session,
Read morePZ Cussons takes hits from weak trading in Africa, depreciation in Naira
10th Dec 2014 07:08
High levels of disruption in the northern region of Africa and the 8% depreciation in the Nigerian Naira continued to negatively impact sales at PZ Cussons, dragging half-year group operating profits 4% below those for the same period last year. The toiletries and beauty products manufacturer said t
Read moreFTSE 250 movers: Tate & Lyle slides after profit warning
23rd Sep 2014 14:55
Sweetener maker Tate & Lyle led the downside after issuing a profit warning. It blamed severe US weather and the temporary shutdown of a plant in Singapore for higher costs, but did also say that sales of its flagship Splenda sucralose sweetener were ahead of last year. It admitted that the first ha
Read moreTuesday broker round-up UPDATE
23rd Sep 2014 09:36
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged. African Minerals: Credit Suisse reduces target price from 120p to 25p, while leaving its neutral rating unchanged. Aviva: Goldman Sachs ups target price from 490p to 515p and reiterates a neutr
Read moreStrong UK performance boosts PZ Cussons
23rd Sep 2014 07:43
Imperial Leather maker PZ Cussons said it was trading in line with hopes after a strong performance in its UK washing and bathing division during the late summer. Cussons said its UK division, which makes soap and shower gel, had traded well despite tough trading conditions driven by the relaunch of
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