BEST OF THE BROKERS July 12, 2011 BRITVIC RBS rates the soft drinks maker a “buy” with a £5 target price as it believes Britvic has now hedged against 95 per cent of its input cost inflation – expected to be 9-11 per cent in the UK this year – leaving it protected against further shocks. RBS expects third-quarter trading to be [...]
BEST OF THE BROKERS July 12, 2011 BRITVIC RBS rates the soft drinks maker a “buy” with a £5 target price as it believes Britvic has now hedged against 95 per cent of its input cost inflation – expected to be 9-11 per cent in the UK this year – leaving it protected against further shocks. RBS expects third-quarter trading to be [...]
Britvic says it’s on target for year January 27, 2011 Soft-drinks giant Britvic has been hit by a decline in pub sales but this was offset by a strong performance in other areas. The company saw a 20 per cent rise in first-quarter sales to £288m, with Mountain Dew Energy drinks proving popular. The group was helped by the acquisition of French business Fruite Enterprises, [...]
Britvic December 2, 2010 THE Irish crisis drained the fizz out of drinks manufacturer Britvic’s share price yesterday, although it recovered to close at 476p, down only 2.9 per cent after what many viewed as drastic overselling in the morning that saw it dip down to a low of 449p. Although the firm’s Irish exposure demands some caution, its [...]
BEST OF THE BROKERS June 30, 2011 PIRELLI Citi initiates coverage of the auto parts manufacturer as a “buy” at medium risk, and with a target price of €9 (£8.14). The brokers sees Pirelli as a good access point to the premium tyre space at a time when demand for replacement tyres has lessened in the NAFTA region (US, Canada and Mexico). [...]
Britvic hit by Ireland crisis December 2, 2010 DRINKS maker Britvic wrote down the value of its struggling Irish business and raised guidance on raw materials cost inflation, reducing the impact of a 22 per cent increase in underlying full-year profit yesterday. Britvic made a pre-tax profit of £109m in the year to 3 October, which was in line with expectations and led [...]
Britvic hit by Ireland crisis December 2, 2010 DRINKS maker Britvic wrote down the value of its struggling Irish business and raised guidance on raw materials cost inflation, reducing the impact of a 22 per cent increase in underlying full-year profit yesterday. Britvic made a pre-tax profit of £109m in the year to 3 October, which was in line with expectations and led [...]
CITY MOVES | WHO’S SWITCHING JOBS July 14, 2011 Towry The wealth adviser has appointed Gerald Corbett as a non-executive director, adding to his chairmanships of Britvic and Moneysupermarket.com and his non-executive directorship of Numis Securities. Corbett’s previous non-exec roles include Greencore Group, Burmah Castrol and MEPC; he is also a former chairman of SSL International and the Woolworth Group. During his executive career, [...]
CITY MOVES | WHO’S SWITCHING JOBS July 14, 2011 Towry The wealth adviser has appointed Gerald Corbett as a non-executive director, adding to his chairmanships of Britvic and Moneysupermarket.com and his non-executive directorship of Numis Securities. Corbett’s previous non-exec roles include Greencore Group, Burmah Castrol and MEPC; he is also a former chairman of SSL International and the Woolworth Group. During his executive career, [...]
BEST OF THE BROKERS June 9, 2011 RESOLUTION Citi rates the insurance company a “buy” and has a target price of 367p. The broker has raised its earnings per share forecasts to 30p from 27.8p for the year as a result of the firm’s share buyback, and believes that Resolution will continue to deliver up to £600m capital returns due its over-capitalisation. [...]