Moody blues: Tories forced to abandon controversial welfare cuts as Iain Duncan Smith lashes out March 21, 2016 The government will perform a screeching U-turn today as ministers scramble to repair the damage caused by controversial plans to cut disability payments. Prime Minister David Cameron will aim to draw a line under a blistering row prompted by the resignation of former party leader Iain Duncan Smith, who stepped down as welfare secretary at [...]
Budget 2016: Chancellor George Osborne warns drinks companies not to “waste time and money” by launching legal challenge to the new sugar tax March 24, 2016 Chancellor George Osborne warned drinks companies against wasting time and money by launching a legal challenge to the new sugar tax. It comes as firms are gearing up to go to war with the government over his controversial sugar tax, and are considering fighting the new levy in the courts. Speaking before the Treasury select committee, [...]
After the government’s volte-face on the sugar tax, will marketeers be left with a crashing low? March 22, 2016 Should the announcement of a sugar tax in last week’s Budget have marketeers worried? It certainly represents a volte-face on the part of the government. In October, when the advisory group Public Health England (PHE) released a report recommending measures to tackle childhood obesity, including a sugar tax of 10 to 20 per cent, a [...]
Best of the Brokers for 28 October 2015 October 28, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BRITVIC Shore Capital has reiterated its “buy” rating with a target price of 695p. It said: “We believe the soft drinks market in the fourth quarter of Britvic’s financial year – July to September 2015 – was a particularly challenging period for the [...]
Britvic share price rebounds despite falling revenues January 27, 2015 Investors shrugged off last quarter’s declining revenues at Britvic yesterday as the company reported a 0.4 per cent drop in group revenue to £304m compared to a year earlier. Despite the decline, shares rebounded by 6.58 per cent as the company said it would still hit profit targets. Its stock has endured a difficult [...]
Earnings season tails off as City awaits Osborne – London Report November 22, 2015 THE WEEK will be dominated by the chancellor’s Autumn Statement on Wednesday as companies wait on tenterhooks to see how expected cuts to the budget could affect them. In the meantime there are still plenty of companies reporting results as we near the end of the third quarter earnings season. This morning FTSE 250 outsourcer [...]
Best of the Brokers for 16 July 2015 July 15, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BRITVIC Shore Capital reiterated its “buy” rating on the drinks firm, ahead of its trading update for the third quarter. The broker said Britvic has “an attractive investment case based on strong earnings growth underpinned in part by its ongoing cost-savings programme and [...]
Britvic sweetens UK with launch of French syrup November 26, 2014 BRITVIC is planning to launch its French-based syrup brand Teisseire in the UK next year as it steps up its exposure to the premium drinks market and targets adults with a sweet tooth. The Robinsons and Fruit Shoot maker said it would launch the drink on supermarket shelves as well as in coffee chains, bars [...]
Britvic share price tumbles despite fizzing profits November 26, 2014 Britvic’s share price fell as much as 3.6 per cent in early morning trading, even after the soft drinks company recorded revenue growth in its preliminary results for the year. The producer of Robinsons and J2O said operating profit for the year had risen by 17.6 per cent to £158.1m, beating its own predicted [...]
Best of the Brokers for 3 June 2015 June 2, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BRITVIC Deutsche Bank initiated coverage of Britvic at “hold” with a 750p price target. The broker said the same three drivers of the investment case in 2005 apply in 2015: a top line driven by innovation, strong cost management and some hope on [...]