Best of the Brokers for 29 July 2014 July 28, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com AG BARR PLC Barclays keeps its valuation at “equal weight” despite the ongoing tough competitive backdrop and volatile consumer demand for the Irn Bru maker. Recent good weather and ongoing strong execution should mean AG Barr is set to deliver high single-digit growth. ALLIANCE TRUST PLC Winterflood [...]
London Report: Fall in financials brings London’s market down July 28, 2014 THE FTSE 100 yesterday ended down after weak US housing data discouraged investors in America and Europe during a data-light European day. The blue chip index lost 0.1 per cent to close at 6,788.07. Earlier in the day it had traded as high as 6,809.61, but moved lower together with other markets after pending home [...]
New York Report: Dow in slight rise on spate of mergers July 28, 2014 WALL STREET edged mostly higher yesterday as investors weighed soft housing data against a flurry of deal news, including the takeover of Family Dollar Stores by Dollar Tree. The Dow Jones Industrial Average added 22 points, or 0.1 per cent, to 16,982.59. The S&P 500 ended the day less than a point higher at 1,978.91, [...]
Gemili whets appetite for medals with silver sprint July 28, 2014 SPRINTER Adam Gemili hopes his first senior medal can prove the springboard for future success and a crack at the 2016 Olympic Games in Rio de Janeiro. England’s Gemili claimed the silver medal in the men’s 100m final at Hampden Park last night after clocking 10.10 seconds, behind only Jamaica’s Kemar Bailey-Cole, who took gold [...]
Pochettino set to raid former club for key duo July 28, 2014 TOTTENHAM Hotspur look set to complete a double swoop for Morgan Schneiderlin and Jay Rodriguez as the Southampton exodus shows no sign of ceasing. Teenage defender Calum Chambers became the fifth high-profile player to depart St Mary’s this summer yesterday when he joined Arsenal for a fee believed to be in the region of £16m. [...]
Bell finds batting touch as England turn screw on India July 28, 2014 BATSMAN Ian Bell preferred to focus on how his first century in almost a year contributed to England’s overall dominance of India on day two of the third Test yesterday rather than any personal milestones. Bell struck 167 to pass the 7,000 Test-run mark, sharing century stands with Gary Ballance and debutant Jos Buttler, the [...]
Matthew turns to Plan Z as England win squash 1-2-3 July 28, 2014 ENGLAND’S Nick Matthew admits he was forced to draw on all of his natural stubbornness in order to beat team-mate James Willstrop and retain his Commonwealth Games squash singles title yesterday in Glasgow. World champion Matthew saw off his rival 11-9, 8-11, 11-5, 6-11, 11-5 after Peter Barker had taken bronze, as England ensured a [...]
Iconic Didcot cooling towers demolished July 27, 2014 THREE historic cooling station towers at the disused Didcot A power plant in Oxfordshire were demolished yesterday. The event was live-streamed and hundreds of people gathered to watch. The coal-fired power station went offline in March last year after 40 years in production.
Diageo to write down Chinese spirits business July 27, 2014 DRINKS giant Diageo is set to write down the value of its stake in Shui Jing Fang, its baiju white spirits business, after the Chinese government’s anti-extravagance measures and aggressive price cuts by rivals have caused sales to slump. Analysts expect the company to announce a sizeable write-off when it publishes its full-year results on [...]
Best of the Brokers for 28 July 2014 July 27, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com AG BARR Investec has kept its “add” rating, but upped the target price to 661p from 645p. Investec thinks AG Barr continues to outperform the UK soft drink market, forecasting that interim profits will grow in advance of the revenue line, and expects [...]
