BEST OF THE BROKERS December 19, 2011 3i INFRASTRUCTURE JP Morgan Cazenove rates the infrastructure investment company as “overweight”, following a deal announced yesterday that will reduce its cash balances but enhance its dividend yield. The broker says the acquisition of Networks Finland is a core infrastructure deal that differentiates the company from other PFI-focus peers, and one that could offer the [...]
Greece’s latest austerity promise isn’t worth the paper it’s printed on February 13, 2012 LONG-TERM investors could be forgiven for putting their hands over their ears at the mere mention of the Eurozone – at the very least it will better assure their continued sanity. But traders are cut from a different cloth and see opportunities in volatility. Despite the relief following the latest agreement for the Greek government [...]
BEST OF THE BROKERS December 14, 2011 BUNZL JP Morgan Cazenove rates the outsourcing and packaging group “neutral” with a target price of 835p. The broker has raised its estimates by two per cent to account for forex and acquisitions boosting revenues, and now expects earnings per share of 68.4p next year. JP Morgan sees Bunzl’s trading update this week as an [...]
Domino’s US restaurants prosper May 5, 2011 The US business of Domino’s Pizza posted a big quarterly profit yesterday, beating forecasts, as sales at restaurants open at least a year were stronger than expected and costs for commodities like cheese and meats rose less than feared. Net income for the three months to the end of March rose 10.6 per cent to [...]
THE WEEK AHEAD December 11, 2011 COMPANY NEWS ● Betfair Group will announce its interim results tomorrow. The sports-focused online gambling exchange is betting on seeing the numbers in their favour. ● Domino Printing Sciences will announce its preliminary results tomorrow. The company is lasered in on industrial printing equipment. Carpetright, Britain’s largest carpet retailer, will also roll out its preliminary [...]
Domino’s buys franchisee stake April 27, 2011 Domino’s Pizza has bought 75 per cent of the main franchisee for the pizza delivery group in Germany, Intergrowth Enterprises. The other 25 per cent will be retained by Briskas, part of the German hotel operator Grand City Hotels Group. “While the total market size is yet to be determined, the company aims to open [...]
Domino Printing buys US stake April 26, 2011 Britain’s Domino Printing Sciences said yesterday that it would pay $50m (£30.4m) in cash for a 15 per cent stake in a new US-based company to expand its footprint in the egg industry. Domino, whose printers are used for stamping barcodes and best-before dates on food and other products, would form the company with privately [...]
Exchanges cut margins to stop MF Global calls November 6, 2011 TWO major US futures exchanges have cut the initial margin that speculators must hold against futures trades, to avoid market instability as traders scramble to cover positions transferred out of the bankrupt broker MF Global. Exchange owner CME Group said it would set its initial margin upcharge at zero, lowering the risk of widespread margin [...]
Portugal is third EU domino to fall April 6, 2011 PORTUGAL caved in to the unbearable strain on its finances last night as finance minister Fernando Teixeira dos Santos (pictured) admitted that it has asked the EU for a rescue. With the government €10bn (£8.8bn) short of the cash needed to see it through to the end of elections in June, interim Prime Minister Jose [...]
Portugal is third EU domino to fall April 6, 2011 PORTUGAL caved in to the unbearable strain on its finances last night as finance minister Fernando Teixeira dos Santos (pictured) admitted that it has asked the EU for a rescue. With the government €10bn (£8.8bn) short of the cash needed to see it through to the end of elections in June, interim Prime Minister Jose [...]