Stock Spirits Group profits plunge due to Polish competition
20th Aug 2015 14:13
(ShareCast News) - Spirits producer Stock Spirit Group (SSG) blamed aggressive Polish competition for its profit woes as it posted a 98.8% decline in first half profit. The central and eastern Europe-focused branded group posted profits down by €0.2m from €16.8m. Basic earnings per share were down
Read moreStock Spirits predicts 'return to normal' in Poland after tough 2014
12th Mar 2015 15:29
Shares in Stock Spirits jumped on Thursday after the Central and Eastern European branded spirits producer said it expects a return to "more normal trading patterns" in Poland this year after a difficult 2014. The group's annual results showed declines across the board from the previous year followi
Read moreSector movers: Stock Spirits, Diageo and SABMiller boost beverage stocks
12th Mar 2015 15:07
Investors were holding up a glass to Stock Spirits on Thursday after annual results impressed, while upbeat broker comments boosted Diageo and SABMiller, giving the UK beverages sector a lift in afternoon trade. Stock Spirits shares were up 8.4% at 206.75p after the Central and Eastern European bran
Read moreStock Spirits first-half profits go down due to alcohol duty changes
28th Aug 2014 13:48
Drinks seller Stock Spirits Group saw its revenues drop by 10% in the first-half of the year due to policy changes in Poland and adverse foreign exchange rates hitting its Czech business. Revenue dropped 10% to €137.7m in the period ending in June, against €153.1m same time last year. Operating pr
Read moreLondon midday: UK stocks retreat on rate-hike uncertainty
20th Aug 2014 12:00
- MPC split on rate decision for first time since 2011 - FOMC minutes due out after the close - Ex-dividend stocks, Balfour Beatty weigh on market - Beverage shares hit by Carlsberg results techMARK 2,798.96 -0.07% FTSE 100 6,752.88 -0.39% FTSE 250 15,794.83 -0.63% UK equities retreated from a thr
Read moreWednesday broker round-up UPDATE
13th Aug 2014 09:55
Caledonia Mining: Numis lowers target price from 100p to 90p retaining a buy recommendation. Chemring Group: Panmure Gordon initiates with a target price of 328p and a buy recommendation. CLS Holdings: Liberum Capital raises target price from 1551p to 1647p and keeps a buy recommendation. CSR: Je
Read moreSector movers: Diageo-SAB tie-up rumours lift beverages
30th Jun 2014 15:08
A potential tie-up of the beverages sector's two-largest constituents gave the category a boost on Monday, on an otherwise subdued session in London with the wider market in search of direction. Shares in Diageo and SABMiller were on the rise today, up 1.8% and 0.2% respectively, after it was rumou
Read moreSector movers: Diageo and Remy Cointreau hit beverage stocks
17th Apr 2014 15:26
The beverage sector was hit hard on Thursday by disappointing updates from global drinks groups Diageo and Remy Cointreau. Year-to-date organic revenue growth at London-listed Diageo was held back by sales declines in the third quarter due to weakness across many emerging markets, the company said
Read moreMonitise Chairman acquires first round of shares
11th Apr 2014 16:02
Monitise on Friday said that its Non-Executive Chairman, Peter Ayliffe, had acquired 250,000 shares in the payment solutions company. Ayliffe, who paid 57.13p a share and spent £142,825 altogether, was appointed to his current role in October last year, having previously been a non-executive for n
Read moreSector movers: Defensive stocks gain as markets retreat
27th Mar 2014 14:54
Most defensive stocks were performing well on Thursday as more cyclical sectors bore the brunt of profit-taking after markets rose to a two-week high the previous session. Heightened geopolitical tensions in Crimea were pulling the FTSE 100 back from its highest closing level since March 12th after
Read moreStock Spirits toasts strong maiden results
27th Mar 2014 08:26
Central and Eastern European spirits and liqueurs group Stock Spirits beat market expectations with double-digit revenues and earnings increases in its first full-year results since its London flotation in October. The results beat market expectations as earnings before interest, tax, depreciation
Read moreThursday broker round-up UPDATE
13th Mar 2014 09:07
Advanced Medical Solutions: FinnCap ups target price from 75p to 114p retaining its hold recommendation. Antofagasta: Investec cuts target price from 764p to 753p and retains a sell recommendation. Barclays: Numis shifts target price from 274p to 280p upgrading from hold to add. BBA Aviation: JP
Read moreTuesday broker round-up UPDATE
11th Feb 2014 09:41
Bellway: Jefferies takes target price from 2085p to 2186p and stays with its buy recommendation. BT Group: Jefferies shifts target price from 435p to 440p and keeps a buy recommendation. Carnival: Jefferies ups target price from 2000p to 2050p, while downgrading to underperform. Deutsche Bank rais
Read moreWednesday broker round-up UPDATE
29th Jan 2014 08:54
African Barrick Gold: Canaccord Genuity ups target price from 180p to 205p keeping a hold recommendation. Antofagasta: Westhouse Securities takes target price from 1000p to 1060p and maintains its buy recommendation. BG Group: Liberum Capital reduces target price from 1475p to 1280p downgrading to
Read moreStock Spirits says Polish tax hike to hit 2014 profits
28th Jan 2014 08:09
A hike in tax on strong alcohol in Poland is set to cut 2014 sales and profits at Central and Eastern European spirits producer Stock Spirits. Stock, which sells Keglevich Dry vodka, Tullamore D.E.W. Irish whiskey and Napoleon Ambassador brandy, said the 15% increase that came in on January 1st wou
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