FTSE 250 movers: Imagination Tech plummets on cautious outlook
11th Dec 2013 16:17
The share price of chip group Imagination Technologies sank sharply on Wednesday after the firm said that shipment growth from its partners for the second half would be at a "slightly lower rate than previously seen", due to slowing growth in the higher-end smartphone market. Oxford Instruments was
Read moreBroker tips: StanChart, Wolseley, Imagination Tech, PZ Cussons
11th Dec 2013 15:12
Investec has lowered its target price for Standard Chartered from 1,900p to 1,700p but has retained its 'buy' recommendation, saying that it doesn't see any capital issues at the emerging markets-focused lender. Analyst Ian Gordon said that the recent debate about capital which has weighed on the s
Read moreBroker snap: FX pressures build but PZ Cussons delivers solid H1, says Panmure
11th Dec 2013 10:34
Panmure Gordon has reiterated its positive stance on consumer products group PZ Cussons, saying that the stock continues to trade at a discount to others in the sector after its in-line first half. A trading update on Wednesday showed that the Imperial Leather owner traded in line with forecasts du
Read moreWednesday broker round-up UPDATE
11th Dec 2013 08:35
Afren: Goldman Sachs lowers target price from 280p to 270p, while leaving its strong buy recommendation unaltered. Canaccord Genuity takes target price from 190p to 205p and keeps a buy recommendation. Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 44
Read morePZ Cussons reports first-half progress, but FX limits growth
11th Dec 2013 07:43
- Revenues up four per cent, operating profits up six per cent - Currency weakness in Asia limits growth Consumer products group PZ Cussons has said that first-half trading was in line with expectations despite 'challenging' market conditions. The company said that a decent performance in its two
Read moreWednesday broker round-up
13th Nov 2013 12:33
AMEC: Credit Suisse downgrades from outperform to neutral with a target price of 1250p. Antofagasta: Alphavalue lowers target price from 1000.6p to 999.5p, while upgrading from add to buy. Associated British Foods: Credit Suisse raises target price from 1850p to 2250p and keeps a neutral rating.
Read morePZ Cussons Chairman raises stake above 54,000
30th Sep 2013 16:34
The Chairman of consumer products company PZ Cussons has acquired just over 3,000 shares, increasing his stake above 54,000. Richard Harvey purchased the shares at 411p a piece for a total spend of £12,371, just a few days after the company said its results for the last quarter were in line with ex
Read moreWednesday broker round-up UPDATE
25th Sep 2013 09:46
Amec: JP Morgan reduces target price from 1301p to 1243p and stays with its neutral rating. Amlin: UBS ups target price from 400p to 450p upgrading from neutral to buy. BAE Systems: UBS takes target price from 450p to 490p and maintains a buy recommendation. BHP Billiton: Alphavalue shifts target
Read morePZ Cussons' quarterly results driven by product launches
25th Sep 2013 07:24
Consumer products company PZ Cussons said its results for the last quarter were in line with expectations. In a trading update for three months ended September 24th, the group reported a strong performance driven by the launch of new products and brand extensions. The company re-launched its Impe
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read morePZ Cussons returns to profitable growth
23rd Jul 2013 09:17
Consumer products group PZ Cussons reported a return to profitable growth for the year to end of May, driven by an increase in revenue across all regions. Pre-tax profit was up 16.5% year-on-year to £107.5m, while operating profit climbed 16.1% to £108.4m and revenue jumped 2.8% to £883.2m. Chairm
Read moreTuesday preview: PZ Cussons unveils full-year results
22nd Jul 2013 13:39
Consumer products giant PZ Cussons will on Tuesday unleash its preliminary results for the full-year to end of March. Last month in a trading update, the company said its annual earnings were in line with expectations as it delivered a return to profitable growth for the year. Without providing an
Read moreLondon close: Political uncertainty hits stocks hard
3rd Jul 2013 16:44
The UK market suffered steep falls on Wednesday as risk appetite was hit by disappointing economic data from China, political uncertainty in Portugal and fears of a military coup in Egypt. Nerves were also on edge ahead of policy decisions from the Bank of England and European Central Bank tomorrow
Read moreFTSE 250 movers: PZ Cussons, Countrywide, Spirent, Domino's
3rd Jul 2013 13:45
PZ Cussons continued to rise after the consumer products group announced on Tuesday it would buy Australian baby food company Rafferty's Garden. Wholesale food service distributor Countrywide advanced after recruiting Covea's Keith Svendsen for a newly created position as Segment Manager. Telecom
Read moreWednesday broker round-up UPDATE
3rd Jul 2013 09:16
Aberdeen Asset Management: Bank of America reduces target price from 410p to 360p maintaining an underperform rating. ARM Holdings: UBS upgrades to buy from neutral, keeps target price at 970p. Cineworld: Investec ups target price from 347p to 360p and keeps a buy recommendation. N+1 Singer moves
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