BEST OF THE BROKERS April 7, 2011 BRITVIC Goldman Sachs has downgraded the soft drinks firm to “sell” and cut its target price by 77p to 384p. The broker thinks the firm’s sales mix will continue to suffer as UK and Irish customers look for better value. It also expects Britvic’s management to admit rising input costs during interim results next month [...]
BEST OF THE BROKERS March 31, 2011 SAFESTORE Citi initiates coverage of Safestore with a “buy” rating. It forecasts that the self-storage company will provide investors with a three-year earnings compound annual growth rate of 15 per cent, and sees further potential for an earnings boost from its conversion to a real estate investment trust. Citi sets a 185p target price for [...]
The knock-on cost of pricey commodities February 27, 2011 Inflation is the word on everyone’s lips at the moment. RPI inflation – the measure that best reflects the true rise in the cost of living in the UK – is now at 5.1 per cent a year as producers raise prices to protect their profits. But even the biggest brand owners are struggling to [...]
BEST OF THE BROKERS December 6, 2010 HSBC Seymour Pierce rates HSBC a “buy” with a target price of 800p. Its buy case is built on the value of customer deposits and revenues from the circulation of global trade flows. It says the group has a competitive advantage in its international retail banking customer proposition and should benefit from trends in global [...]
BEST OF THE BROKERS December 6, 2010 HSBC Seymour Pierce rates HSBC a “buy” with a target price of 800p. Its buy case is built on the value of customer deposits and revenues from the circulation of global trade flows. It says the group has a competitive advantage in its international retail banking customer proposition and should benefit from trends in global [...]
THE TIPSTER December 5, 2010 THE Scottish oil producer, Cairn Energy, has seen its share price knocked thanks to a fruitless drilling operation off Greenland back in October, but last week’s award of a new exploration license is injecting a degree of life back into the stock. That, in addition to the painfully slow ongoing attempt to dispose of part [...]
Energy stocks rally but RBS leads the FTSE downwards February 24, 2011 UNREST in the Middle East and North Africa hit Britain’s top shares again yesterday, though rising crude prices and upbeat comment from oil major BP on its Indian activities lifted energy stocks. The FTSE 100 closed down 3.55 points, or 0.1 per cent, at 5,919.98, pinned just below a seven-month technical support level of 5,920. [...]
What the other papers say this morning February 16, 2011 FINANCIAL TIMES OAKTREE RETURNS INVESTOR’S CASH Oaktree Capital’s distressed investment fund has returned $3bn of the $10bn it raised from investors, reflecting its difficulties in finding opportunities as the economy improves, people familiar with the matter say. The fund, run by Bruce Karsh, was among the most aggressive buyers of distressed debt after the failure [...]
What the other papers say this morning February 16, 2011 FINANCIAL TIMES OAKTREE RETURNS INVESTOR’S CASH Oaktree Capital’s distressed investment fund has returned $3bn of the $10bn it raised from investors, reflecting its difficulties in finding opportunities as the economy improves, people familiar with the matter say. The fund, run by Bruce Karsh, was among the most aggressive buyers of distressed debt after the failure [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2011 FINANCIAL TIMES BARCLAYS FORCED TO ADAPT COCOS BONUS PLAN Barclays has been forced to adapt its plans to pay bonuses for staff with a new financial instrument that has been hailed by regulators as a key tool for rebuilding the capital strength of banks. Bob Diamond, the UK bank’s new chief executive, had hoped to [...]