SABMiller and AB InBev froth higher on potential tie-up
16th Sep 2015 10:08
(ShareCast News) - Shares in brewer SABMiller surged on Wednesday after it responded to recent press speculation by confirming that Anheuser-Busch InBev has informed the company that it intends to make an offer. "No proposal has yet been received and the board of SABMiller has no further details abo
Read moreLondon open: Stocks climb ahead of UK jobs data
16th Sep 2015 08:30
(ShareCast News) - London stocks climbed on Wednesday before the release of the UK labour market report and the Bank of England's testimony before the Treasury Select Committee. The UK jobs report at 0930 BST is expected to show the employment change for the three months to July grew by 18,000 jobs,
Read moreSABMiller appoints Philip Hodges as director of Integrated Supply
7th Sep 2015 12:01
(ShareCast News) - SABMiller has appointed Philip Hodges to the newly-created role of group director of Integrated Supply and as a member of the Executive Committee with effect from 1 December 2015. He succeeds Tony van Kralingen, whose planned retirement was announced in April. Hodges was most rec
Read moreSABMiller gears up for possible bid from AB InBev
30th Aug 2015 11:58
(ShareCast News) - Brewing and beverage group SABMiller has reportedly called on the services of advisory firm Robey Warshaw to help defend itself against a possible takeover offer from AB InBev. According to City sources cited by the Sunday Times, Simon Robey and Simon Warshaw have been providing a
Read moreSABMiller's deputy chairman buys £37,343 in shares
3rd Aug 2015 16:38
(ShareCast News) - Deputy chairman of SABMiller Guy Elliot has bought shares in the brewing company worth a total of £37,343. Elliott, who is also a senior independent director, bought 895 shares for £33.56 each. He also purchased 219 shares for £33.49. The announcement came amid reports SABMiller
Read moreLondon close: East meets West as Nikkei picks up FT
23rd Jul 2015 17:57
(ShareCast News) - The sale of the FT Group by Japan's Nikkei livened up an otherwise lacklustre day in terms of economic data or news-flow. In an e-mail sent to subscribers Nikkei announced the £837m deal, which analysts saw as a bold bid by the Asian media group to break out of its home market. T
Read moreLondon midday: Stocks little changed as Pearson plots FT sale
23rd Jul 2015 12:49
(ShareCast News) - Despite lingering concerns over the situation in China and Greece corporate chiefs continued to see the current investment climate as favourable for deal-making. That was all too patent on Thursday morning as Pearson confirmed it was in advanced talks to sell the FT Group. As of
Read moreLondon open: Stocks edge higher after Greece approves reforms
23rd Jul 2015 09:42
(ShareCast News) - With inflation set to remain below its target for longer than expected and as the Greek crisis rolls on Barclays now thinks the European Central Bank will be forced to extend its programme of bond buying beyond the expected end date of September 2016. As of 0828 BST, the FTSE 100
Read moreSABMiller revenue leaks lower as European hangover hits first quarter
23rd Jul 2015 08:05
(ShareCast News) - Sales growth went into reverse in the first quarter at SABMiller as currencies weighed and declines in Europe, Asia Pacfic and North America held back drinks volume growth in Latin America and Africa. Before the impact of several key currency headwinds, group net producer revenue
Read moreSABMiller gets a boost from Nomura upgrade to 'buy'
21st Jul 2015 11:38
(ShareCast News) - Shares in SABMiller were buoyant after Nomura upgraded the stock to 'buy' from 'neutral' and raised the target price to 4,000p from 3,000p. "We think the business could look quite different following the appointment of a heavyweight chairman and new chief financial officer at the
Read moreBroker tips: Aveva, SABMiller, Sports Direct
21st Jul 2015 11:28
(ShareCast News) - UBS raised its price target on Aveva to 2,600p from 2,210p following news that the company has agreed a reverse takeover by Schneider Electric. It said the proposed deal looks sensible and there should be cross-selling opportunities created, although it expects cost saving opportu
Read moreThursday broker round-up
16th Jul 2015 18:10
(ShareCast News) - Aveva Group: Panmure Gordon reiterates buy and 1,420p target. BP: JP Morgan Cazenove reiterates overweight. Centrica: Berenberg Bank reiterates underperform and ups target to 1,060p from 1,000p. Dixons Carphone: Canaccord Genuity ups target to 530p from 500p while reiterating bu
Read moreSABMiller appoints De Lorenzo as permanent CFO
8th Jul 2015 09:53
SABMiller's acting chief financial officer Domenic De Lorenzo will become executive director and permanent CFO from 23 July. De Lorenzo has been acting as CFO since 19 February 2015. Chairman John Manser said: "The board considered a number of high quality internal and external candidates, and conc
Read moreSAB Miller gets Moody's upgrade with 'stable' outlook
25th Jun 2015 08:09
Moody's has upgraded the long-term senior unsecured rating of SABMiller to A3 from Baa1, with a stable outlook for the drinks giant. The ratings of the company's medium-term note programme and the senior unsecured ratings of its guaranteed subsidiaries were also upgraded respectively to (P) A3 and A
Read moreTuesday broker round-up
23rd Jun 2015 08:03
Acacia Mining: Morgan Stanley keeps at equalweight, raises target to 285p from 251p. BHP Billiton: Morgan Stanley stays at equalweight and lifts target to 1,250p from1,150p. Anglo American: Morgan Stanley reiterates underweight and lowers target to 850p from 920p. Antofagasta: Morgan Stanley still
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