Wednesday tips round-up: DS Smith, Anite, Talvivaara
4th Jul 2012 06:58
Questor in the Telegraph continues to bat for recycled packaging firm DS Smith, which has now completed its takeover of Swedish giant SCA Packaging. The firm's European footprint is now huge, making it very useful for companies like Marks and Reckitt Benckiser to use. Trading at 10.2 projected 2012
Read moreFriday broker round-up
29th Jun 2012 09:13
Barclays: Oriel Securities downgrades to hold, target cut from 285p to 200p. Barratt Developments: JPMorgan Cazenove downgrades to neutral, target raised from 135p to 155p. BG Group: UBS cuts target from 1,785p to 1,730p. Corin: N+1 Brewin upgrades to add. Debenhams: HB Markets downgrades to sel
Read moreFriday tips round-up: Ladbrokes, DS Smith, Pursuit Dynamics
29th Jun 2012 06:56
In The Telegraph, Questor weighs up the odds on Ladbrokes, which issued a profit warning for its digital business yesterday, resulting in a 12 per cent drop in the share price. The problem is, it is taken an inordinately long time to get the new website up and running, while some big sporting events
Read moreFTSE 250 movers: Ladbrokes dives on profit warning
28th Jun 2012 15:19
Betting firm Ladbrokes dropped significantly after it issued a profit warning for its Digital division, blaming increased technology investment, marketing spend and a poor sportsbook margin in the second quarter of 2012. Peel Hunt downgraded the stock from 'buy' to 'hold' this morning. Hotels grou
Read moreThursday broker round-up
28th Jun 2012 10:24
3i Group: Citigroup upgrades to buy, target lifted from 215p to 220p. Abcam: Investec upgrades to buy, target lifted from 349p to 466p; Peel Hunt raises target from 440p to 480p, buy rating unchanged. bwin.party: UBS cuts target from 165p to 125p, neutral rating unchanged. Cookson: UBS cuts targe
Read moreDS Smith rises as SCA deal nears completion
28th Jun 2012 09:20
Recycled packaging group DS Smith says sales volumes of corrugated boxes helped push revenues and profits, while its takeover of Swedish outfit, SCA Packaging, is due for completion by the end of this month. In 2011/12 DS Smith's revenues grew by 12% on 2010/11, and 8% excluding the impact of acqui
Read moreLondon open: Stocks slip ahead of EU summit, Barclays under fire
28th Jun 2012 08:44
The Footsie opened lower on Thursday morning as investors remained cautious ahead of what is likely to be a closely watched EU summit in Brussels that kicks off today. European leaders are expected to discuss specific steps towards a cross-border banking union, closer fiscal integration and the po
Read moreThursday preview: EU summit, Greene King, DS Smith
27th Jun 2012 17:24
Final results from Greene King and DS Smith will be out on Thursday morning and a ton of economic indicators are also due for release at home and abroad, however the focus for the markets will likely be on the crucial two-day EU summit which kicks off tomorrow. At the summit in Brussels, European l
Read moreTuesday broker round-up
26th Jun 2012 09:38
Advanced Medical Solutions: Peel Hunt upgrades to buy. Cairn Energy: UBS cuts target from 365p to 275p, neutral rating kept. Carnival: Jefferies maintains buy recommendation and 2,400p target. Carpetright: Peel Hunt keeps hold rating and 600p target. Cookson: Exane BNP Paribas cuts target from 7
Read moreDS Smith confirms completion of SCA deal
18th Jun 2012 07:14
The recycled packaging firm, DS Smith, says it has cleared all the hurdles needed to complete its reverse takeover of Swedish giant SCA Packaging. SCA is by some measures Europe's second largest packaging company and the deal is expected to cost FTSE 250 player DS Smith a cool €1.7bn. To get the d
Read moreWednesday broker round-up
25th Apr 2012 09:08
ARM Holdings: Investec maintains buy rating and 800p target; Natixis upgrades from neutral to buy, target lifted from 600p to 625p; JP Morgan Cazenover maintains neutral rating and 540p target; Barclays Capital reiterates overweight recommendation and 725p target; Jefferies upgrades from underperfor
Read moreDS Smith says big deal going according to plan
25th Apr 2012 07:59
DS Smith, which supplies recycled packaging for consumer goods, said it was on track with its planned acquisition of Europe's second biggest packaging business, SCA Packaging. Smith announced in January that it would pay €1.6m for the Swedish firm. Application was made to the European Commission f
Read moreWednesday broker round-up - UPDATE
29th Feb 2012 09:11
ITV: Nomura maintains neutral recommendation and 88p target; Prime Markets gives buy rating and 95p target; Peel Hunt ups target from 83p to 88p, hold rating kept. Standard Chartered: Nomura keeps buy rating and 1,800p target. CRH: UBS ups target from 1,150p to 1,300p, neutral rating kept. Schrod
Read moreSector movers: Rexam, DS Smith boost industrials higher
22nd Feb 2012 16:24
The general industrial sector was performing strongly today after a strong rise from FTSE 100 heavyweight consumer packaging firm Rexam provided a boost to the sector. Shares surged nearly 7% after underlying profits raced ahead of sluggish sales on the back of a better than expected performance in
Read moreDS Smith up on successful rights issue
22nd Feb 2012 11:07
DS Smith, the recycled packaging company, has completed a successful rights issue, raising the money it needs to pay for its purchase of Swedish firm SCA Packaging. By the deadline at 11:00 yesterday it had received acceptances for 98.61% of the offered shares in the nine-for-eight cash raising exe
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