Analyst Views: What do you make of Mitchells & Butlers’ results? November 26, 2013 NICK BATRAM PEEL HUNT Full year numbers were slightly ahead of our expectations. It is early days but the start to the current year looks relatively lacklustre. However, the group is moving in the right direction and whilst the share price is about right we would see any significant weakness as a buying opportunity. GEOF [...]
Best of the Brokers for 02 December 2013 December 1, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com DAILY MAIL & GENERAL TRUST UBS keeps its “neutral” rating but hikes its target from 780p to 920p following the media group’s full-year results. The broker thinks the strength of the firm’s Zoopla website will continue to drive the share price, even if [...]
London Report: Retailers reveal where tills rang for Christmas January 12, 2014 RETAILERS are expected to reveal where UK shoppers showed their Christmas cheer, with a round of results in contrast to last week’s gloomy December tidings. Figures out this week from retailers such as Argos, Asos, Dixons, Ocado and Primark are expected to show increased sales. The successes are in contrast to the sales dips seen [...]
Prince Harry got to the Pole – but you can still help December 15, 2013 Last chance to take part in the Walking Home For Christmas appeal to help raise money for wounded troops AFTER four weeks trekking across the Antarctic Plateau, the Virgin Money South Pole Allied Challenge teams arrived at the South Pole just after noon on Friday. Prince Harry described it as an “amazing feeling” to have [...]
O’Neill’s owner Mitchells & Butlers profits rise to £150m November 26, 2013 Pub and restaurant group Mitchells & Butlers profits rose to £150m for the year ended 28 September 2013. The group whose branded bars and restaurants include All Bar One and O'Neill's saw revenue rise 2.2 per cent to £1.2bn with like-for-like sales growth of0.1 per cent in the first eight weeks of the fiscal year [...]
What the other papers say this morning – 05 February 2014 February 4, 2014 FINANCIAL TIMES Deutsche aims to regain lost ground Deutsche Bank has appointed a new New York-based co-head of fixed income trading as the lender adds senior staff and billions in capital to its US business to regain lost ground in the largest investment banking market in the world. Rich Herman has been elevated to the [...]
The ultimate post-Christmas regime January 15, 2014 City A.M. journalist Alex Dymoke tries out a ten week body transformation regime WHEN I was 16, I swapped tennis and football for something altogether less taxing – drinking. Since then, the closest I’ve got to doing any kind of sport was a game of pub golf during freshers’ week. Occasionally I was enlisted as [...]
Greene King serves up healthy profits as sales rise December 3, 2013 Pub retailer Greene King has posted solid profits and rising sales for the six months to 13 October. The company recorded a rise in pre-tax profit of 5.7 per cent to £85.6m while total revenue rose 5.2 per cent to £595.4m. Strong growth in key areas such as food helped drive like-for-like retail sales up 3.5 [...]
New contracts help Mitie post a 9.5pc jump in half-year earnings November 18, 2013 FTSE 250-listed outsourcing group Mitie yesterday posted a 9.5 per cent increase in first-half profits, boosted by a strong performance in its facilities management division. Alongside pre-tax profits of £55.3m, the Bristol-headquartered firm unveiled a 10.5 per cent rise in revenue to £1.05bn. Mitie’s facilities management division has been awarded a number of new contracts [...]
Freezer King bags £542m as AO.com soars February 26, 2014 AO WORLD founder John Roberts is sitting on cash and shares worth around £542m after the online white goods empire he founded 14 years ago made a grand entrance onto the London Stock Exchange yesterday, with shares leaping 32 per cent. Roberts has reduced his 40 per cent stake to 28.6 per cent, the company [...]