Euro exuberance pushes the FTSE near three-month high October 27, 2011 BRITAIN’S top share index jumped to a near three-month high yesterday as bullish investors uncorked their champagne bottles and toasted Europe’s plan to tackle its debt crisis. The upbeat news from Europe boosted appetite for riskier assets such as banking and commodity stocks, which helped the UK’s benchmark index surge 160.58 points or 2.9 per [...]
UK dividends jump by 27pc July 24, 2011 DIVIDEND payments by UK companies soared to £19.1bn in the second quarter of 2011, the largest amount paid out since the same period in 2008. UK mining companies were the biggest contributors to the 27 per cent jump in payouts compared to last year, quadrupling their dividends to a total of £1.85bn from just £451m [...]
BAT eyes Bulgarian bid July 17, 2011 BRITISH AMERICAN TOBACCO (BAT) is in ongoing talks to buy Bulgaria’s state-owned tobacco company, in a deal worth in the region of £100m. The world’s second largest cigarette producer, whose brands include Dunhill and Lucky Strikes, is one of three companies that have so far submitted tender offers for Bulgartabac holding, which was put up [...]
BAT eyes Bulgarian bid July 17, 2011 BRITISH AMERICAN TOBACCO (BAT) is in ongoing talks to buy Bulgaria’s state-owned tobacco company, in a deal worth in the region of £100m. The world’s second largest cigarette producer, whose brands include Dunhill and Lucky Strikes, is one of three companies that have so far submitted tender offers for Bulgartabac holding, which was put up [...]
BAT raises prices to boost earnings July 27, 2011 British American Tobacco raised its cigarette prices in the first half of 2011 to offset declining underlying volumes helping the group to beat forecasts on Wednesday with a 10 percent rise in half year earnings. The London-based maker of Kent, Dunhill, Lucky Strike and Pall Mall cigarettes said the price increases helped offset a 1 [...]
BAT raises prices to boost earnings July 27, 2011 British American Tobacco raised its cigarette prices in the first half of 2011 to offset declining underlying volumes helping the group to beat forecasts on Wednesday with a 10 percent rise in half year earnings. The London-based maker of Kent, Dunhill, Lucky Strike and Pall Mall cigarettes said the price increases helped offset a 1 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 31, 2011 FINANCIAL TIMES TOBACCO TRADE GROUP CHIEF QUITS The head of the UK tobacco industry’s main trade body has resigned after failing to persuade the coalition government to rescind anti-tobacco measures introduced under Labour. Christopher Ogden will step down in October following a review of the organisation’s structure initiated by its members, British American Tobacco, Imperial [...]
BEST OF THE BROKERS July 24, 2011 BRITISH AMERICAN TOBACCO Ahead of first-half results on 27 July, Citi rates the tobacco group as a “hold”, and lifts its target price from 2800p to 2890p. The broker also lifts its forecasts three per cent above consensus having upped its estimates for Asia to take into account a boost in the Japanese market, following [...]
BEST OF THE BROKERS July 24, 2011 BRITISH AMERICAN TOBACCO Ahead of first-half results on 27 July, Citi rates the tobacco group as a “hold”, and lifts its target price from 2800p to 2890p. The broker also lifts its forecasts three per cent above consensus having upped its estimates for Asia to take into account a boost in the Japanese market, following [...]
THE WEEK AHEAD in association with GFT July 24, 2011 COMPANY NEWS ● Domino’s Pizza releases its interim results today. The popular take-away pizza chain will be hoping that its results will be sizzling hot rather than a soggy disappointment. ● ARM Holdings is set to release its second quarter results tomorrow. After a successful year when its chips have been used to supply the [...]