Broker snap: Charles Stanley ups target for Young & Co's
7th Jun 2011 12:08
Charles Stanley thinks that the brewer, pub and hotel operator, Young & Co's Brewery, can continue to make considerable progress in spite of a difficult consumer environment, and raises the target price from 735p to 800p. Analyst James Dawson says that "A solid set of FY2011 results were reported,
Read moreLondon focus boosts Young & Co
26th May 2011 13:16
London-focused brewer and pub and hotel operator Young & Co's concentration in the capital helped it post higher profits in the 53 weeks to 4 April. Adjusted pre-tax profits were up by 7.2% from the previous year at £20.1m on revenues that rose by 11.8% to £142.6m. "Despite the ongoing backdrop of
Read moreGovernment's low-cost alcohol initiative lacks bottle
18th Jan 2011 14:24
The coalition government is set to announce new measures on Tuesday designed to cut back on the practice of retailers offering deep discounts on alcoholic drinks. Though the new proposals will not prevent shops from selling alcoholic drinks as "loss leaders", it is understood that the government wi
Read moreITE executive raises £6.75m
17th Dec 2010 16:17
Edward Strachan, an executive director of exhibitions organiser ITE, has raised £6.75m by selling more than half of his shareholding. Strachan has sold 3m shares at 225p each. The shares were owned by Kyzyl Tan Consultants, where Strachan is the majority shareholder. Strachan still owns 2.675m sha
Read moreYoung & Co buys Geronimo Inns for £60m
16th Dec 2010 08:58
Brewer Young & Co has bought privately owned Geronimo Inns for £60m in cash as it expands its London focused pubs estate. "The acquisition fits very well with our expansion strategy which is focused on high quality, food-led, managed houses in the London area, a strategy that we will continue to pu
Read moreFriday tips round-up: Afren, Pennon, PayPoint...
26th Nov 2010 06:43
Oil explorer Afren's Okwok appraisal well in Nigeria established that there was a minimum economic field size of 25m barrels of oil equivalent (boe), confirming that the find is commercial. The field may be a standalone operation or it may be a satellite to the company's nearby Ebok field, which is
Read moreNew 3i chairman buys
19th Jul 2010 16:54
3i's new chairman has acquired his first shares in the private equity company since joining the board. Sir Adrian Montague bought 10,000 shares at 279.2p each, for a total cost of £27,920. Sir Adrian joined the 3i board on 1 June 2010 and became chairman of the FTSE 100 company on 7 July. Sir A
Read moreUK SMALLCAP ROUNDUP:Paperchase Sold To Private Equity For $31M
13th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps BORDERS GROUP INC. (BGP), a U.S. bookseller, said Tuesday it has agreed to sell U.K. stationary firm Paperchase Products Ltd to private equity firm Prima
Read moreUK SMALLCAP ROUNDUP: BGlobal Eyes Profitable FY11
13th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps BGLOBAL PLC (BGBL.LN), a metering services company, Tuesday said it expects to move into profit for fiscal 2011 following a first quarter in the black, a
Read moreYoung & Co's Brewery Current Trading In Line With Views
13th Jul 2010 11:38
LONDON (Dow Jones)--Young & Co's Brewery PLC (YNGA.LN), an owner and operator of public houses, announced Tuesday a good start to the current year with trading in line with the Board's expectations. MAIN FACTS: -For the first quarter, managed house sales were up 2.1% in total and up 2.4% on
Read moreUPDATE: Fuller's Cautious On 2011 After Record Full-year
11th Jun 2010 10:41
(Adds chairman comment, detail, background) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Pub and brewery group Fuller, Smith & Turner PLC (FSTA.LN) Friday posted a record set of full-year figures in spite of the recession, and said while looming tax hikes could hit spend
Read moreQueens Speech contains few surprises
25th May 2010 15:24
The coalition government's legislative programme was outlined in the Queen's Speech in the House of Lords on Tuesday, and there was good news for disgruntled Equitable Life policy holders. The government intends to introduce The Equitable Life Bill, which will seek to ensure that "fair and transpar
Read moreYoung's provides winter warmer
20th Nov 2009 00:27
London-focused pub group and brewer Young & Co's Brewery has been encouraged by performance in the first seven weeks of the second half of its financial year. The company said managed house revenue in the first seven weeks of the second half was up 0.9% year on year, compared to a 0.7% like for lik
Read moreYoung & Co is trading in line
14th Jul 2009 14:21
Brewer and pub operator Young & Co said it has made a solid start to the year and is trading in line with expectations. Managed house sales for the 15 weeks to 11 July were up 3.3% and up 0.1% on a like for like basis. "Whilst we continue to be mindful of the broader economic outlook, we are encou
Read moreLondon close: Blue chips close lower
28th May 2009 16:51
UK blue chips closed lower despite a bright start on Wall Street with sentiment knocked by poorly received updates from Wolseley and Man Group. Hedge fund manager Man Group was weighed down by disappointing results. "The past financial year saw extraordinary turmoil in financial markets globally wh
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