Tuesday tips round-up: SAB Miller, Diageo
9th Jun 2015 16:09
Reports that three Brazilian millionaires might be interested in making a bid for Diageo via their 3G investment vehicle may just be an attempt to force the hand of SAB Miller. Indeed, 3G holds a stake in AB InBev, over which 3G has influence. Then again, the report, although the sourcing was tenuou
Read moreLondon close: Early gains erased as US economic data disappoints
15th May 2015 16:28
UK stocks finished in the red on Friday after erasing earlier gains following some weaker-than-expected economic data from the States. Wall Street stocks were swinging between gains and losses after the open with both the S&P 500 and Dow Jones Industrial Average wavering near record highs. Investor
Read moreFriday broker round-up
15th May 2015 15:12
SAB Miller: Berenberg reiterates buy and 3,920 price target. IMI: Nomura reiterates reduce stance, lowers target to 1,115p from 1,175p. ITV: Barclays downgrades to equal-weight with 260p target. HSBC: Berenberg reiterates buy and lowers target to 750p from 790p. Hiscox: Canaccord Genuity reiterat
Read moreFTSE 100 movers: miners and oil stocks dominate fallers, ITV rebounds
15th May 2015 12:28
The UK blue chip index retreated on Friday as a calmer bond market and favourable British construction data was overpowered by a weaker commodities market. Sector-wise, oil and industrial metal stocks provided the biggest drag on the FTSE, dwarfing the boost provided by real estate and travel. At 3:
Read moreLondon midday: Stocks rise as UK data, Greek news lift sentiment
15th May 2015 11:22
Upbeat corporate earnings and a calmer session on the bond market helped UK equities rise on Friday morning, with sentiment boosted by a rebound in British construction output and improving newsflow from Greece. The FTSE 100 was up 0.38% at 6,999.56 by midday. Analysts also said that trading volume
Read moreLondon open: Stocks edge higher as corporate updates impress
15th May 2015 08:54
UK stocks edged higher on Friday morning ahead of what is expected to be another quiet session, though trading volumes are expected to pick up slightly. The FTSE 100 was up 0.38% at 6,999.81 early on with corporate updates from a number of blue chips being warmly-received by investors. Markets acro
Read moreLondon pre-open: Volumes to pick up but quiet session expected
15th May 2015 07:41
UK stocks are expected to edge higher on Friday morning as trading volumes pick up following a quiet session the previous day. City sources predict the FTSE 100 will open five points higher than Thursday's close of 6,973.04. Volumes were lower than usual on Thursday owing to bank holidays in both F
Read moreSABMiller snaps up London brewer Meantime to tap into craft beer trend
15th May 2015 07:22
SABMiller has agreed a deal to buy London-based craft brewer Meantime Brewing Company for an unspecified sum as it looks to diversify from its mainstream beer brands. Volumes of beer sales at Meantime grew by 58% in 2014, outpacing the UK beer market's 1% growth during the same period and making it
Read moreSector movers: Property and beverages shares keep London market in green territory
14th May 2015 15:12
Property, housebuilders and beverages shares kept the London market broadly in green territory on Thursday, as worries in Greece continued to lurk in the background. At 16:24 BST, the FTSE 100 was trading at 6,964.17 up 0.21% or 14.54 property and housebuilding continuing to trade higher off the bac
Read moreThursday tips round-up: Mondi, SAB Miller
14th May 2015 14:35
Specially corrugated cardboard is the place to be in the paper sector, thanks to the sheer scale of demand from the likes of online retailers such as Amazon.com. Shares of Mondi, which derives about 70% of its sales from packaging, leapt 10% after its latest results. First quarter operating profits
Read moreThursday broker round-up
14th May 2015 14:30
ITV: Numis downgrades to add but nudges target to 290p from 275p, Investec reiterates hold and Credit Suisse reiterates outperform. SAB Miller: Credit Suisse reiterates underperform stance, Nomura reiterates neutral recommendation and Deutsche reiterates its call to hold. GlaxoSmithKline: UBS downg
Read moreLondon close: Stocks rise but weak US data dampens gains
13th May 2015 16:34
UK stocks rose on Wednesday but upside was only modest after data showed that American retail sales growth slowed to a standstill last month. The FTSE 100 finished 0.23% higher at 6,949.63, but settled firmly below the intraday high of 6,989.91. Shares extended gains in morning trade after the Bank
Read moreFTSE 100 movers: Mondi surges on strong profits, Admiral hit by CEO resignation
13th May 2015 13:15
UK stocks rebounded on Wednesday, driven by the Bank of England pushing back rate-hike predictions and a dip in unemployment. Sector-wise, property stocks extended gains, while miners and supermarkets dipped. As of 02:10, the FTSE 100 was trading 9 points, or 0.28% higher at 6,954, with Mondi toppin
Read moreLondon open: Stocks rise ahead of BoE inflation report
13th May 2015 08:20
London stocks rebounded slightly on Wednesday after a steep decline the previous session, as investors geared up for the Bank of England's Quarterly Inflation Report. The FTSE 100 was trading 0.53% higher at 6,970.37 early on, with results from blue chips Mondi, Barratt Developments and SABMiller im
Read moreSABMiller beats forecasts as China returns to growth in fourth quarter
13th May 2015 07:19
Full year profits from brewer SABMiller were higher than market expectations as margins improved in all regions apart from Africa and China returned to growth during the last three months of the year. Adjusted pre-tax profits of $5.64bn was down 1% on the prior year due to currency headwinds but ahe
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