Tuesday broker round-up - UPDATE
10th Jul 2012 08:18
WPP: JP Morgan upgrades to outperform from neutral. AMEC: BarCap raises target from 1,340p to 1,350p, underweight rating kept. ASOS: Peel Hunt keeps buy rating and 1,800p target. AstraZeneca: BarCap keeps equal weight rating. Betfair: Nomura cuts target from 1,070p to 946p, buy rating unchanged.
Read moreWynnstay in bolt-on acquisition
1st Jun 2012 07:40
Agricultural and retail group Wynnstay has whipped out its wallet and bought PSB (Country Supplies), an independent agricultural merchant, based in Gloucestershire. The expected consideration is £0.5m, of which £0.35m will be paid upfront, with the remainder being tied to the achievement of profit
Read moreAcquisitions boost Wynnstay's figures
25th Jan 2012 10:09
Animal feeder supplier Wynnstay reported its strongest ever annual results after contributions from its two acquisitions Wrekin Grain and Woodheads. Revenues for the year ended 31 October 2011 rose 42% to £346.18m while pre-tax profit increased 17% to £6.94m. Revenues at its agricultural division
Read moreC&W Comms rallies as boss buys
27th Jun 2011 15:51
Shares in Cable & Wireless Communications were in demand Monday after it revealed the telecom company's chief executive Anthony Rice shelled out nearly £1m on shares. Rice bought 2.5m shares at 37.63p a pop. His latest purchase comes on the back of steady falls in the company's share price followin
Read moreWynnstay confident for year ahead
22nd Jun 2011 08:18
Animal feeder supplier Wynnstay Group revealed a 12% increase in half year pre-tax profit and said it remains confident about prospects for the year and beyond. Profit before tax rose to £3.97m in the half-year to 30 April from £3.55m a year earlier. Revenues increased to £164.57m from £120.34m pre
Read moreWynnstay hails agriculture markets as profits rise
26th Jan 2011 10:55
Agricultural products group Wynnstay posted higher revenues and profits in the year to 31 October and said it stands to benefit from higher demand for food and energy as the world's population grows. Pre-tax profits climbed to £5.95m from £5.2m as revenues rose to £243.74m from £214.95m. The rise
Read moreLondon close: Footsie edges higher
16th Jun 2010 16:47
Footsie closed slightly higher on a fairly lacklustre day for the leading share index. Part-nationalised lender Royal Bank of Scotland went well on a day which saw it shed two parts of its sprawling empire. It has reached agreement for the sale of its 99.37% holding in RBS Pakistan to Faysal Bank L
Read moreLondon afternoon: Footsie flat
16th Jun 2010 14:41
Footsie dropped into the red over the lunchtime session before crawling back into positive territory. Little seems capable of getting investors excited, with even the highly volatile BP having a relatively quiet day. Part-nationalised lender Royal Bank of Scotland is the best performing blue chip.
Read moreLondon midday: RBS leads sedate advance
16th Jun 2010 12:18
Leading equities sleepwalked their way through the morning session, with little in the way of corporate news to perk interest. Economic news has been mixed today with the number of people claiming unemployment benefit falling more than expected in May, but the wider unemployment rate continuing to
Read moreLondon open: Early gains for Footsie
16th Jun 2010 08:46
London has made a strong start following last night's 200-point rally on Wall Street. In company news this morning, Sainsbury's has outdone arch rival Tesco in the growth stakes with a 4.6% increase in like for like sales during the first quarter and is apparently doing a roaring trade in Vuvuzela
Read moreWynnstay beefs up H1 profit
16th Jun 2010 08:18
Agricultural products supplier Wynnstay served up a 12% increase in half year profit and said it remained 'very positive about growth prospects, short and long term.' The group's specialist retailing activities performed strongly with its 'Just for Pets' chain continuing expansion of its store netw
Read moreWynnstay 1H Earnings Jump 12% On Lower Costs, Outlook Positive
16th Jun 2010 08:03
LONDON (Dow Jones)--Wynnstay Group PLC (WYN.LN), a manufacturer and supplier of agricultural products, Wednesday posted a 12% jump in pretax profit for the six months ended April 30 after a slight rise in revenue and a sharp drop in finance costs boosted earnings, adding it's positive about prospect
Read moreWynnstay FY profit up slightly
20th Jan 2010 09:15
Welsh agricultural products supplier Wynnstay said annual profit improved slightly while revenue fell but added that it remains very positive about growth prospects. Pre-tax profit improved to £5.12m for the year to 31 October 2009 from £5.1m the year before. Revenue for the period fell to £215m f
Read moreWynnstay raises interim divi
17th Jun 2009 13:57
Welsh agricultural products supplier Wynnstay upped its interim dividend by 10% as it reported a rise in half-year profits. Pre-tax profits increased to £3.16m in the six month ended 30 April compared with £2.96m last time, while revenues rose to £117.70m from £116.46m previously. The group's agr
Read moreSmall caps round-up: GB Group, Mission Marketing, Griffin Mining...
2nd Jun 2009 08:54
Identity management specialists GB Group said it made excellent progress in the year to March as it swung into profits of £1.4m from the loss of £400,000 in the previous year. Group revenue in the year increased by 23% to £23.8m driven by growth across all areas of the business. “We believe that i
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