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 [...]
A rally in commodities gives a rare fillip to the FTSE 100 September 6, 2011 A RALLY by hard-pressed commodity issues hauled Britain’s top share index higher yesterday as investors fished choppy waters for bargains after sharp falls in the past two sessions. At the close, the FTSE 100 index was up 54.26 points, or 1.1 per cent, at 5,156.84, having hit a peak of 5,190.2 in the morning and [...]
A rally in commodities gives a rare fillip to the FTSE 100 September 6, 2011 A RALLY by hard-pressed commodity issues hauled Britain’s top share index higher yesterday as investors fished choppy waters for bargains after sharp falls in the past two sessions. At the close, the FTSE 100 index was up 54.26 points, or 1.1 per cent, at 5,156.84, having hit a peak of 5,190.2 in the morning and [...]
BAT earnings up thanks to hike in prices July 27, 2011 BRITISH American Tobacco yesterday reported an increase in earnings after it raised its prices to counter a tough sales environment. Cigarette volumes were down to 344bn in the six months to June, from 348bn year-on-year. But profit before tax was $2.8bn (£1.7bn) over the same period, up from $2.3bn. Revenue edged up by two per [...]
BEST OF THE BROKERS July 11, 2011 BRITISH AMERICAN TOBACCO Jefferies rates BAT a buy with £33.51 target price, as it believes its geographical exposure and market positions favour it over its main competitor Imperial Tobacco. Its strong emerging market bias will provide fast volume growth and pricing improvements, with a lower level of regulation. It also holds the number one position [...]
BEST OF THE BROKERS July 11, 2011 BRITISH AMERICAN TOBACCO Jefferies rates BAT a buy with £33.51 target price, as it believes its geographical exposure and market positions favour it over its main competitor Imperial Tobacco. Its strong emerging market bias will provide fast volume growth and pricing improvements, with a lower level of regulation. It also holds the number one position [...]
Falling financial stocks drag FTSE lower amid euro fears August 17, 2011 Weaker financial stocks led British shares lower yeterday as the outcome of a Franco-German summit left investors still anxious about the Eurozone debt crisis and concerned about the impact of plans for a new tax on the industry. The FTSE 100 index closed down 0.5 per cent at 5,331.60, having at one stage dropped back [...]
Upbeat US outlook lifts FTSE but Eurozone worries linger August 16, 2011 BRITAIN’S top shares ended a shade higher yesterday, notably banks, after a better than forecast report on industrial output in the United States and as Fitch confirmed that nation’s top credit rating with a stable outlook. The UK benchmark index ended up 7.05 points, or 0.1 per cent, at 5,357.63, having spent much of the [...]
Imperial says profits will fall in Spain June 13, 2011 IMPERIAL Tobacco, the world’s fourth-largest cigarette maker, yesterday warned a price war in Spain could wipe hundreds of millions of pounds off its profits in the region. The firm, which makes the popular Spanish Fortuna brand of cigarettes, said adjusted operating profits in the region could be up to £110m lower than previously expected. It [...]
Price war sees earnings go up in smoke June 13, 2011 WHAT’S this? Have the Spanish decided to kick the habit? A 16 per cent underlying decline in cigarette volumes during the first half certainly suggests so. The ban on smoking in public places, higher duties and a weak economy appear to have taken their toll. Now Imperial Tobacco has warned that a price war is [...]