ANALYST VIEWS: DOES BRITVIC’S TRADING UPDATE QUENCH YOUR THIRST? July 14, 2009 SIMON HALES NUMISGood weather conditions have helped market growth, especially in June, but importantly Britvic continues to significantly outperform the market in Great Britain. Ireland has deteriorated but the cost savings programme remains on track. Ireland remains a relatively small part of the business, but it will become increasingly part of the company. We hope [...]
Britvic sales fizzing due to sports deals July 14, 2009 SOFT drinks company Britvic yesterday reported a 5.9 per cent jump in revenues for the three months to 5 July, boosted by a summer of sports sponsorship deals. The group reported a three per cent rise in still drink volumes and an 8.3 per cent jump in revenues, largely thanks to its squash brand Robinsons, [...]
Britvic slumps on stake sale May 27, 2009 SHARES in soft-drink maker Britvic yesterday fell by 5.3 per cent to 275p after it emerged its biggest shareholder Permira had dumped its 14 per cent stake in the company. Broker UBS placed the 30.2m shares at 265.5p yesterday – a discount to Tuesday’s closing price – netting Permira around £81.5m. Permira said: “Our strategy [...]
Britvic slumps on stake sale May 27, 2009 SHARES in soft-drink maker Britvic yesterday fell by 5.3 per cent to 275p after it emerged its biggest shareholder Permira had dumped its 14 per cent stake in the company. Broker UBS placed the 30.2m shares at 265.5p yesterday – a discount to Tuesday’s closing price – netting Permira around £81.5m. Permira said: “Our strategy [...]
Britvic profits fizz in spite of Ireland gloom May 20, 2009 SHARES in Tango-to-Robinsons beverage maker Britvic soared yesterday to their highest point in almost a year, after the firm posted a 16.3 per cent hike in half-year profits and said the UK soft drinks market had turned a corner. The group’s pre-tax profit before exceptionals rose to £20m for the six months to 12 April, [...]
THE TIPSTER BAINTERIMS WILL CLARIFY ITS POSITION October 4, 2009 SHARES in Legal & General fell by more than 5 per cent on Friday after National Australia Bank moved to dampen talk of a takeover bid. The firm’s share price had risen to highs of the year of more than 95p before the fall. Will the price drop lower? ShortsandLongs.com has a rolling spread of [...]
THE TIPSTER November 23, 2009 ASIAN markets have been struggling to keep up with the likes of European and US indices, which have continued to mark new highs for 2009. The Japanese Nikkei has failed around the 10,500 level a few times between July and October but its weakness could provide a buying opportunity ahead of the seasonal rally higher [...]
BEST OF THE BROKERS August 31, 2009 BRITVICUBS said that Britvic shares are still undervalued and reiterated its “buy” rating. The broker believes that, as the economy and soft drinks market recovers, Britvic can still increase sales. It increased its target price on the stock to 400p, up from 330p. UBS also noted that Britvic’s commitment to innovation is a source of [...]
BEST OF THE BROKERS May 26, 2009 PREMIER FOODSInvestec upgrades Premier Foods to “buy”, in spite of only recently downgrading it to “hold”. It says the drop in the share price following its recent trading update, together with likely better news on bread, makes it a more attractive proposition once again. Maintains 40p target price. “The foundations are in place for better [...]
THE TIPSTER May 25, 2009 RETAIL sales might have been under pressure during the downturn but last week’s bigger-than-expected rise and a flurry of good corporate results have boosted the outlook. Picks of the sector are Mothercare, Britvic and online retailer ASOS. Mothercare came out with some great results on Wednesday and although the shares look relatively expensive at a [...]