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 [...]
Britvic pays £200m for its French rival May 18, 2010 BRITIVIC is taking over French rival Fruité in a €237m (£203m) deal. Fruité makes popular French brands such as Teisseire, which sponsors the Tour de France. The deal will be funded from existing debt facilities and a £100m share placing. Fruité has four factories, all in France, which Britvic says offer a platform to expand [...]
Britvic says growth to slow on cold snap January 27, 2010 SOFT drinks company Britvic yesterday reported an 11 per cent rise in first-quarter revenues but expects to see slower second-quarter growth due to tougher comparisons and recent bad weather. The producer and licensed bottler of brands including Robinsons, Tango, J2O, Pepsi and 7Up, on Tuesday posted first-quarter sales of £243m for the 12 weeks to [...]
Popular Euro brands are a gateway to the emerging world August 23, 2010 THE consumer staples sector is usually considered fairly robust. The types of goods it produces – alcohol, food and household products –?tend to be immune to fluctuations in earnings and during periods of economic uncertainty should continue to perform relatively well. But that was not the case during the second quarter. While 71 per cent [...]
BEST OF THE BROKERS May 16, 2010 BT Citigroup has recommended BT as a “buy” after the telecoms group posted impressive fourth quarter results. Citi said revenue was ahead of estimates and consensus by four to five per cent. Revenue was driven by Global Services which beat consensus by £164m, according to Citi. BRITVIC Credit Suisse has issued Britvic with an “overweight” [...]
Investors cheer as Britvic profits fizz November 25, 2009 SOFT drinks firm Britvic yesterday reported a better than expected 23 per cent rise in full-year profits, helped by market share gains and price rises, and said trade in its new fiscal year had started well. The producer and licensed bottler of drinks under brands including Robinsons, Tango, J2O, Pepsi and 7Up, posted a pre-tax [...]
Take a view on the UK with the FTSE 250 June 27, 2010 INVESTORS in the FTSE 100 have endured a difficult couple of months as heavyweight BP’s tumbling share price dragged the rest of the index down with it. But while the blue-chip index has lost almost 13 per cent since the middle of April, the FTSE 250 has fared a little better. It too has suffered [...]
Britvic reassures on profit as Irish declines hit sales October 15, 2009 SOFT drinks maker Britvic said it was confident of meeting market estimates for fiscal 2009 operating profit, but Irish sales in the fourth quarter were hurt by volume declines amid tough economic conditions. The company, whose brands include Robinsons, Tango and J2O, said the Irish soft drinks market showed no indication of a return to [...]
IHG eyes Asia as business trips return May 31, 2010 BUSINESS travel is making a welcome comeback for the hotels sector while an Asian boom is transforming the business, according to InterContinental Hotels Group finance director Richard Solomons. The executive, speaking to City A.M. at the company’s flagship Park Lane hotel, is ebullient about the prospects for the company which has pumped millions into overhauling [...]
…as pub groups report strong sales January 24, 2010 MITCHELLS & Butlers is unlikely to report significant trading news at its annual meeting, although other companies in the sector will update the market this week. Numis Securities said January trading at M&B is unlikely to have changed after a sales rise since late November. On Wednesday, brewer Greene King is tipped to report a [...]