The Jerky Group and Cruga merge to create £24m beef snacks empire August 3, 2015 The Jerky Group has struck a deal to merge with biltong and meat snacks-maker Cruga to create the largest beef snack manufacturer in Europe with a combined turnover of around £12m. Founded in 2000, The Jerky Group’s brands include Wild West Jerky, Hogbites pork crackling and BullOx Biltong. It also produces Dragon’ Den entrepreneur Joe Walters’ [...]
Magna Carta 2015: Where you can enjoy beer deals in London with #CheersBDB June 15, 2015 On 15 June 1215, King John finally agreed to sign the Magna Carta – a deal that meant monarchs were finally subject to the law, just like everyone else. But not only that. It also gave birth to the humble pint, thanks to the inclusion of an article that demanded "a single measure for ale". [...]
St Modwen hails record profits as New Covent Garden Market scheme boosts net asset value June 30, 2015 St Modwen posted a 21 per cent surge in net asset value (Nav) in the first half of the year thanks to its New Covent Garden Market scheme in Nine Elms, which achieved unconditional status in April. The developer reported an Nav per share of 394p after its planned overhaul of the UK’s biggest fruit [...]
Best of the Brokers for 3 June 2015 June 2, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BRITVIC Deutsche Bank initiated coverage of Britvic at “hold” with a 750p price target. The broker said the same three drivers of the investment case in 2005 apply in 2015: a top line driven by innovation, strong cost management and some hope on [...]
National Grid boss Steve Holliday preparing to step down in 2016 June 21, 2015 National Grid boss Steve Holliday is to leave the company in early 2016, after 14 years with the company and nine as chief executive. Holliday previously worked at US oil major Exxon and was a non-executive director of Marks & Spencer until July last year. The FTSE 100 company may be considering a number of [...]
Best of the Brokers for 7 October 2014 October 6, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com MODERN WATER Numis reiterated its “buy” rating with a target price of 62p. Modern Water announced its largest ever contract yesterday, as preferred bidder to design and build a wastewater treatment plant in Gibraltar. The broker said this was “clearly a very important [...]
Best of the Brokers for 22 May 2015 May 21, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com MARKS & SPENCER Numis reiterated its “hold” rating on the retail group, following a positive full year results presentation. The broker noted that while the 2015 financial year “clearly did not progress according to plan”, the company’s strategy is looking “increasingly robust and focused [...]
From Sir Mike Rake, John Dixon and Martin Wheatley’s shock departures to Apple Pay: Here’s what got us talking this week July 17, 2015 There was some golf. There was cheese (with our burgers) in London. And throughout the country's railway stations, there was a quiz that got us scratching our heads. Here's what got us talking this week 1. The City was overrun with ejecting chairs Fresh from Antony Jenkins' sacking last week, this week it was the [...]
John Lewis Christmas advert 2014: Monty the Penguin is likely to sell out and Tom Odell’s cover of John Lennon’s Real Love is a contender to top the festive charts November 6, 2014 Monty the penguin has been released into the wild… but it looks like he won’t be there for long. The cute character and star of John Lewis’ highly anticipated Christmas ad, which will either bring a tear to your eye or make you feel nauseous depending on your disposition, is proving popular already. Merchandise featuring [...]
Marks & Spencer finance boss Alan Stewart joins Tesco two months early following £250m profit overestimate September 23, 2014 Alan Stewart will assume his new role as chief financial officer of Tesco from today – over two months earlier than originally planned. Yesterday, the troubled retailer reported it had overstated its first-half profit expectations by £250m, leading to its biggest share price fall in 11 years. In July Stewart announced his plan [...]