At the close: FTSE 100 bulldozes over Brexit concerns as oil and metal prices climb June 6, 2016 The FTSE 100 managed to kick off the week with a rise today, finishing up one per cent at 6,273.40 points. A jump in commodity prices managed to offset fears of Brexit that dragged down house builders. A flurry of recent polls have put the leave campaign neck-and-neck with remain as the 23 June vote draws nearer. The news [...]
FTSE 100 narrowly avoids fourth consecutive week of decline May 13, 2016 The FTSE 100 reversed early losses on Friday, but was held back by losses at Inmarsat and Coca Cola HBC. That's not bad for a Friday 13th. The FTSE 100 before today had closed lower on eight out of the past 11 of them. The UK's benchmark index closed at 6,138 points, with Inmarsat one of the largest fallers. While the FTSE [...]
Best of the Brokers for 09 November 2015 November 8, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com S&P Capital has maintained its “sell” rating on Coca-Cola HBC, despite healthy volume growth of 5.4 per cent reported in its third-quarter results. Negative currency impact led to a revenue decline in the third quarter year-on-year. Weakness in Russia has been noted as [...]
FTSE levels out on better news from Beijing – London Report August 14, 2015 BRITAIN’S top index ended flat yesterday as easing concerns over China’s economy helped to offset the impact of falling oil prices and a large number of ex-dividend companies. The blue-chip FTSE 100 index closed down 2.86 points – effectively flat in percentage terms – at 6,568.33, trimming the gains seen earlier in the session and [...]
Coca-Cola HBC shares shoot up as profit fizzes August 14, 2015 COCA-COLA Hellenic, a leading bottler of the iconic beverage, beat forecasts yesterday to send its shares fizzing higher. The company sold just over one billion unit cases in the first six months of the year, it said yesterday. This marked growth of 3.8 per cent compared with the same period last year. It lifted its [...]
Joblessness data and retail figures focus of quiet week – London Report August 9, 2015 THE CORPORATE results season has past its peak, but the week ahead is due to see some big financial news nonetheless, including UK unemployment figures on Wednesday. Tomorrow retail sales data will be published, while on Friday construction industry output figures will be out. Prudential is reporting its half-year interims tomorrow after chief executive Tidjane [...]
Best of the Brokers for 19 May 2015 May 18, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com SMITHS GROUP (SMIN) Panmure Gordon reiterate its “Sell” rating on the group, with a target price of 880p. Smiths outlook statement will detail higher-than-expected decline in John Crane and Interconnect and a reversal in Flex-Tek, offsetting expected improvement in Medical and Detection. BOVIS [...]
Bank of England to reveal interest rate and inflation report – London Report May 10, 2015 THE BANK of England (BoE) will announce the latest Bank rate today, with economists expecting it to remain at its historic 0.5 per cent low. On Wednesday the BoE will announce its widely-watched inflation report. Employment and unemployment figures are also due that day and are expected to show a strong market. The corporate calendar [...]
Coke bottler hit by exposures in foreign markets February 18, 2015 BEVERAGE bottler Coca-Cola HBC faces tough challenges in 2015, analysts have warned, after the firm reported a 5.3 per cent drop in sales revenue for 2014, from €1.57bn (£1.16bn) to €1.51bn. Volumes of unit cases sold also fell, by 2.8 per cent from 2.06bn in 2013 to 2bn, while net profit plunged by 11.4 per cent, [...]
FTSE stalls on route to record high after Greek talks falter – London Report February 18, 2015 After touching a 15-year peak yesterday morning, the FTSE 100 ended the trading day unchanged. London’s blue-chip index hit 6,921.3 at one point, but then fell back to close at 6,898.08 – just 0.05 points down on the previous day. The index’s record closing high of 6,930.2 was reached in December 1999, while the record [...]