Tuesday newspaper share tips: Vodafone, Rexam
26th Apr 2016 15:43
(ShareCast News) - Vodafone´s upcoming full-year figures should dispel investors´ doubts about the sustainability of its dividend policy and the high rating accorded to its shares, The Daily Telegraph´s Questor team said. Some observers fret that the shares current price-to-earnings multiple of 40 t
Read moreBall and Rexam to sell assets to Ireland's Ardagh Group
25th Apr 2016 08:07
(ShareCast News) - Ball Corp. and Rexam agreed to divest assets to Ireland's Ardagh Group worth $3.42bn in a bid to clinch regulatory approval for their merger. The two companies, which unveiled their intention to merge and create the world's largest manufacturer of food and beverage cans on 19 Febr
Read moreRexam volumes up, earnings down ahead of Ball takeover
18th Feb 2016 07:05
(ShareCast News) - Rexam was looking at a year of positive sales growth on Thursday, but fluctuations in currency and lower prices saw earnings head south in the 12 months to 31 December. The FTSE 100 beverage can manufacturer saw sales increase by 2% over the year, to £3.93bn (from £3.83bn). Its un
Read moreEU clears Ball/Rexam merger, subject to divestments
15th Jan 2016 11:32
(ShareCast News) - The European Commission has approved the acquisition of London-listed drinks can maker Rexam by US rival Ball Corp, subject to the divestment of 12 plants in Europe. The regulator said its investigation showed that the deal, as notified, would have cut competition in the already c
Read moreEU regulators reportedly set to approve Rexam/Ball deal
10th Dec 2015 11:00
(ShareCast News) - EU antitrust regulators are set to approve Ball Corp's bid for drinks can maker Rexam after it improved its concessions, according to reports. European competition regulators announced in July that they had opened an investigation into US-based Ball's bid for Rexam. The European
Read moreRexam on line to meet full year expectations as can volume rises
12th Nov 2015 08:17
(ShareCast News) - Can beverage maker Rexam said an increase in can volume in the third quarter had contributed to keep trading in line with expectations in the second half of the year. In the three months to the end of September, global beverage can volumes rose 3% year-on-year, despite a subdued p
Read moreRexam's first-half profit drops 50% on higher metal premium
30th Jul 2015 09:36
(ShareCast News) - Rexam reported a 50% drop in first-half pre-tax profit as a higher metal premium, the commoditisation of certain specialty cans in North America and higher energy costs in Brazil offset a rise in revenue. The company, which makes drinks cans, said pre-tax profit came in at £82m fr
Read moreBall falls as Rexam takeover probed by EU competition regulator
20th Jul 2015 18:54
(ShareCast News) - European competition regulators on Monday opened an investigation into Rexam's agreed £5.4bn takeover by US rival Ball Corporation. The European Commission will probe the deal over concerns that it may stifle competition in the continent's beverage can and aluminium bottle manufac
Read moreRexam finance director Robbie to take leave of absence due to illness
15th Jul 2015 15:36
(ShareCast News) - Rexam's finance director David Robbie has been granted a leave of absence to undergo medical treatment and chemotherapy, having been recently diagnosed with a serious condition. Kath Kearny-Croft, director of group planning and finance, has been asked to take the role of acting fi
Read moreRexam's first quarter trading in line with expectations
28th Apr 2015 08:02
Beverage can producer Rexam said it was trading in line with expectations, even though a strong performance in Europe was offset by weakness in other markets. The FTSE 250 group said overall beverage can volumes increased 5% year-on-year in the three months to the end of March, boosted by a strong p
Read moreFriday tips round-up: Centrica, Rexam
20th Feb 2015 17:43
In an unexpected move, Centrica's new chief, Iain Coon, decided to cut the dividend pay-out for the first time in the company's history. It was reduced by 30% to its lowest since 2009. At approximately 4.2%, and down from 6.1%, the company's dividend yield is now almost the worst in the sector. That
Read moreLondon close: Greek developments, central bank uncertainty keep UK stocks flat
19th Feb 2015 16:33
It was another subdued finish for London's stocks on Thursday as the market continued to fluctuate at a 15-year high on the back of mixed newsflow about Greece and uncertainty regarding global monetary policy. The FTSE 100 finished the session down just 0.1% at 6,888.90. The index has stayed broadly
Read moreFTSE 250 movers: Petra Diamonds boosted by higher production guidance, Man Group stonger on upgrade
19th Feb 2015 16:00
Petra Diamonds topped the risers after raising its production guidance from 3.2m to 3.3m carats for the 12 months to 30 June. "Our expansion programmes are on track at all operations, and production is expected to grow to about 3.3m carats in 2015 and to about 5m carats by financial year 2019," said
Read moreLondon midday: Stocks recover as Greek hopes outweigh Fed uncertainty
19th Feb 2015 11:39
UK stocks had erased earlier losses by Thursday lunchtime as hopes about Greece outweighed uncertainty arising from the minutes of the latest Federal Reserve policy meeting. The FTSE 100 was up just 0.02% at 6,899.24 by midday, having bounced off an intraday low of 6,858.67 reached early on. The in
Read moreLondon open: Centrica and BAE lead markets lower after FOMC minutes
19th Feb 2015 08:43
Uncertainty surrounding the future of monetary policy in the States was weighing on UK stocks on Thursday morning, after the Federal Reserve showed it was wary of raising rates too soon. The FTSE 100 was down 0.3% at 6,879 early on, with energy provider Centrica and defence contractor BAE Systems le
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