FTSE 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
Read moreTuesday broker round-up UPDATE
5th Aug 2014 11:02
Acal: FinnCap initiates with a target price of 322p and a buy recommendation. Afren: UBS reduces target price from 200p to 135p and stays with its buy recommendation. Aggreko: WH Ireland ups target price from 1800p to 1850p and stays with a buy recommendation. Alent: Numis increases target price
Read moreMonday broker round-up UPDATE
4th Aug 2014 10:10
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation. Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation. BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Sant
Read moreFTSE 250 movers: RPS continues to slide, Direct Line lifted by special divi
1st Aug 2014 14:20
RPS, which provides consultancy services to the natural resources, land and property sectors, continued to fall one day after the group posted a fall in revenue from £280.9m to £279.4m. Broker Jefferies on Friday reduced its target price from 385p to 320p. Hedge fund manager Man Group announced hig
Read moreFriday broker round-up UPDATE
1st Aug 2014 10:33
AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f
Read moreCussons buys Australian yoghurt maker for £44.1m
1st Aug 2014 07:47
Imperial Leather maker PZ Cussons is buying an Australian organic yoghurt maker to expand its food and nutrition business. Cussons said it was buying Five:am for £44.1m with an extra £7.7m due if the business meets targets in the year to 30 June 2015. The group said Five:am was one of the most su
Read moreFTSE 250 movers: Elementis lifted by resilient H1, increase in divi
29th Jul 2014 15:34
A "resilient" first-half performance and a 5% increase in the interim dividend helped lift shares in Elementis during today's session. The speciality global chemicals company, which posted a 3% rise in sales and a 7% increase in profit, said that it had been able to achieve growth despite weather is
Read moreCussons does well in Europe despite currency headwinds
29th Jul 2014 08:06
A good performance in Europe helped Imperial Leather soap maker PZ Cussons to froth up annual profits despite the strong pound. Cussons said its UK washing and bathing division performed strongly with all four of its brands doing well. The group is relaunching Imperial Leather this year and said i
Read moreSunday share tips: Whitbread, Petra Diamonds, Empiric Student Property
15th Jun 2014 12:28
Whitbread looks like a reliable investment despite the imminent departure of Chairman Anthony Habgood, Matthew Goodman said in the Sunday Times's Inside the City column. The company was a mess when Habgood took over in 2005 but he has sold peripheral businesses to focus on Premier Inn and Costa Coff
Read moreFriday broker round-up UPDATE
13th Jun 2014 09:23
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation. Atkins: Numis ups target price from 1650p to 1700p and keeps a buy recommendation. JP Morgan reduces target price from 1619p to 1548p and reiterates its overweight rating. Ferrexpo: Deutsche Ba
Read moreTuesday broker round-up UPDATE
12th Jun 2014 08:50
Afren: Oriel downgrades from buy to hold with a target price of 145p. Aggreko: RBC Capital downgrades to neutral with a target price of 1700p. Betfair Group: Morgan Stanley raises target price from 1150p to 1260p and keeps an overweight rating. BG Group: Nomura downgrades to neutral with a target
Read moreLondon pre-open: Modest gain expected on FTSE
12th Jun 2014 07:40
UK-listed stocks are expected to move slightly higher early on today, reversing some of Wednesday's losses as investors gear up for what is set to be a somewhat heavier session in terms of macro data. City sources predict the FTSE 100 will open around five points higher than yesterday's close of 6
Read morePZ Cussons' profit growth held back by FX
12th Jun 2014 07:13
- Sterling profits up 6% on last year's £107.5m - FX movements have £12m adverse impact - Company highlights "continuing macro challenges" Consumer products group PZ Cussons said that annual profits will be ahead of last year but adverse currency movements will have a big impact on growth. The com
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