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Reuters - 2 weeks ago

Four bodies retrieved from Mike Lynch's sunken yacht in Sicily

UPDATE 6-Four bodies retrieved from Mike Lynch's sunken yacht in Sicily Identities of the four victims not yet given Search continues to find two last missing UK entrepreneur's yacht sank in storm on Monday Updates with all four bodies brought ashore and two still missing in paragraphs 1-3 , background in 4 and 6 By Giselda Vagnoni PORTICELLO, Italy, Aug 21 (Reuters) - Four bodies were retrieved on Wednesday from the sunken wreck of a yacht belonging to the wife of British tech magnate Mike Lync
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Reuters - 2 weeks ago

Commodities broker Marex plans more acquisitions; shares surge after results

Commodities broker Marex plans more acquisitions; shares surge after results By Eric Onstad LONDON, Aug 14 (Reuters) - British-based commodities broker Marex Group MRX.O is planning more acquisitions to diversify the company following a U.S. listing, its CEO told Reuters, in the wake of strong interim results that sent shares to a record high. Marex listed on the U.S.
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Reuters - 3 weeks ago

Crest Nicholson, JDE Peet's, L'Oreal

EUROPE RESEARCH ROUNDUP-Crest Nicholson, JDE Peet's, L'Oreal Aug 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Crest Nicholson Holdings, JDE Peet's and L'Oreal, on Wednesday. HIGHLIGHTS * A.P. Moller-Maersk MAERSKb.CO : Deutsche Bank cuts PT to DKK 9217 from DKK 9283 * British American Tobacco Plc BATS.L : Barclays raises target price to 3100p from 2650p * Crest Nicholson Holdings Plc CRST.L : Peel Hunt cuts to hold from add *
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Reuters - 4 weeks ago

Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds HSBC, Danone, Hugo Boss, updates Yandex Aug 6 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Cap
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Reuters - 4 weeks ago

Bakkavor, Drax Group, Greggs

EUROPE RESEARCH ROUNDUP- Bakkavor, Drax Group, Greggs Aug 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bakkavor, Drax Group and Greggs on Monday. HIGHLIGHTS * Bakkavor BAKK.L : HSBC raises target price to 170p from 150p * Drax Group Plc DRX.L : HSBC raises target price to 600p from 500p * Greggs GRG.L : HSBC cuts to hold from buy * Pennon Group PNN.L : Barclays cuts to equal-weight from overweight * United Utilities UU.L : Bar
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Reuters - 4 weeks ago

Street View: Altria's investments, brand performance to benefit in H2 2024

BUZZ-Street View: Altria's investments, brand performance to benefit in H2 2024 ** Shares of Marlboro cigarette maker Altria MO.N up ~1% at $49.63 ** Altria missed expectations for quarterly revenue and profit on Wednesday due to persistent weakness in demand for its cigarette brands ** At least three brokerages raised PT on MO stock; their median PT is $48 - LSEG RESILIENT MARKET PERFORMANCE TO HELP DESPITE Q2 VOLUME DECLINES ** Stifel ("buy", PT: $54) estimates a return to smokeable profit gro
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Reuters - 4 weeks ago

Illicit nicotine pouches on the rise in US, Altria CEO says

Illicit nicotine pouches on the rise in US, Altria CEO says July 31 (Reuters) - Marlboro maker Altria MO.N said on Wednesday it had sent data to the U.S. Food and Drug Administration on growth in illegal nicotine pouches, saying it echoed the early stages of a now massive black market for vapes in the country. Cigarette makers like Altria and British American Tobacco BATS.L have lost substantial U.S.
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Reuters - 1 month ago

Altria posts lower-than-expected quarterly results on muted cigarette demand

Altria posts lower-than-expected quarterly results on muted cigarette demand July 31 (Reuters) - Altria MO.N missed expectations for quarterly revenue and profit on Wednesday, as the tobacco giant contends with persistent weakness in demand for its cigarette brands. Shares of the company, which have risen 25% so far this year, were down 2% in premarket trade.
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Reuters - 1 month ago

Bodycote, Croda, Spectris

EUROPE RESEARCH ROUNDUP- Bodycote, Croda, Spectris July 31 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bodycote, Croda and Spectris, on Wednesday. HIGHLIGHTS * Bodycote Plc BOY.L : HSBC cuts target price to 940p from 950p * Bucher Industries AG BUCN.S : Berenberg cuts target price to CHF 464 from CHF 470 * Croda CRDA.L : HSBC cuts target price to 4400p from 4800p * Spectris Plc SXS.L : JP Morgan raises target price to 2,950p fr
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Reuters - 1 month ago

Greencore, UCB, Unilever

EUROPE RESEARCH ROUNDUP-Greencore, UCB, Unilever July 26 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Greencore, UCB, and Unilever, on Friday. HIGHLIGHTS * Greencore GNC.L : HSBC raises target price to 190p from 160p * Lonza Group AG LONN.S : JP Morgan raises target price to CHF 645 from CHF 600 * Sartorius Stedim Biotech STDM.PA : HSBC cuts target price to EUR 310 from EUR 360 * UCB SA UCB.BR : TD Cowen raises target price to E
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Reuters - 1 month ago

UK Stocks-Factors to watch on July 26

UK Stocks-Factors to watch on July 26 July 26 - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.4%. * OIL: Oil prices were up slightly on stronger-than-expected U.S. economic data that raised investor expectations for increasing crude oil demand from the world's largest energy consumer. * GOLD: Gold was on track for a weekly loss , even as prices firmed ahead of a key U.S.
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Reuters - 1 month ago

Unilever, BAT push FTSE 100 higher

UPDATE 1-Unilever, BAT push FTSE 100 higher For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.4%, FTSE 250 off 0.3% Gold miners lead declines, Centamin weighs on sector Unilever surges after H1 profit beat Updated at 1614 GMT By Purvi Agarwal and Roshan Abraham July 25 (Reuters) - Britain's FTSE 100 ended higher on Thursday after upbeat earnings from Unilever and British American Tobacco helped counter losses in precious meta
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Reuters - 1 month ago

Charli XCX, Ghetts and The Last Dinner Party among Mercury Prize nominees

Charli XCX, Ghetts and The Last Dinner Party among Mercury Prize nominees LONDON, July 25 (Reuters) - Singer-songwriter Charli XCX, rapper Ghetts and indie rock band The Last Dinner Party are among the nominees for this year's Mercury Prize, organisers of the British music award said on Thursday, with debut albums making up more than half of the shortlist.
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Reuters - 1 month ago

British American Tobacco rises on HY profit beat

BUZZ-British American Tobacco rises on HY profit beat ** Shares of Dunhill and Lucky Strike maker British American Tobacco BATS.L up 2.5% at 2,640 pence; among top gainers on the FTSE 100 index .FTSE ** Stock at its highest level since September 2023 ** Reports 1.3% rise in HY profit to 169.3 pence per share, above analyst expectations ** Posts 0.8
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Reuters - 1 month ago

UK Stocks-Factors to watch on July 25

UPDATE 1-UK Stocks-Factors to watch on July 25 Adds new items, updates futures July 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Thursday, with futures FFIc1 down 0.6%. * ASTRAZENECA: Anglo-Swedish drugmaker AstraZeneca AZN.L raised its sales and profit forecasts for 2024 and topped analyst expectations for second-quarter revenue, buoyed by demand for its therapies for cancer and rare diseases.
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Reuters - 1 month ago

BAT Sees New Category Revenue Below Its £5 Bln Ambition In 2025

BRIEF-BAT Sees New Category Revenue Below Its £5 Bln Ambition In 2025 July 25 (Reuters) - British American Tobacco PLC BATS.L : BAT - ON TRACK FOR FULL-YEAR 2024 GUIDANCE BAT - EXPECT FURTHER IMPROVEMENT IN REVENUE, PROFITABILITY ACROSS NEW CATEGORIES FOR FULL YEAR BAT - NEW CATEGORY REVENUE IS LIKELY TO BE BELOW OUR £5 BILLION AMBITION IN 2025 B
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Reuters - 1 month ago

British American Tobacco CEO Tadeu Marroco: Unlikely to meet ambition to generate 5 billion pounds of revenue from smoking alternatives by 2025

BRIEF-British American Tobacco CEO Tadeu Marroco: Unlikely to meet ambition to generate 5 billion pounds of revenue from smoking alternatives by 2025 July 25 (Reuters) - British American Tobacco PLC BATS.L : BRITISH AMERICAN TOBACCO CEO TADEU MARROCO: UNLIKELY TO MEET AMBITION TO GENERATE 5 BILLION POUNDS OF REVENUE FROM SMOKING ALTERNATIVES BY 202
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Reuters - 1 month ago

BAT shares climb as first-half results fuel US optimism

UPDATE 3-BAT shares climb as first-half results fuel US optimism H1 adjusted EPS 169.3 pence vs forecast 165.91 pence US market tough, but starting to recover share - CEO Shares rise almost 3% to hit 10 month high Rewrites paragraph 1 with shares; adds investor comments in 10-12; shares in 14 By Emma Rumney LONDON, July 25 (Reuters) - British American Tobacco (BAT) BATS.L shares rose almost 3% in early Thursday trade as it beat first-half profit forecasts and investors latched on to some positiv
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Reuters - 1 month ago

British American Tobacco beats first-half profit forecasts

British American Tobacco beats first-half profit forecasts LONDON, July 25 (Reuters) - British American Tobacco BATS.L reported a 1.3% rise in half-year profit on Thursday, exceeding analyst expectations. The maker of Dunhill and Lucky Strike posted adjusted diluted earnings for the six months to June 30 of 169.3 pence per share, compared with analyst expectations of 165.91 pence.
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Reuters - 1 month ago

UK Stocks-Factors to watch on July 25

UK Stocks-Factors to watch on July 25 July 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Thursday, with futures FFIc1 down 0.2%. * CAR OUTPUT: UK's car output fell for the fourth consecutive month in June, as more manufacturers wound down old models and transitioned towards electric vehicles, industry data showed. * MORTGAGE RATE: Rising mortgage rates in Britain likely pushed around 320,000 people into poverty, almost 100,000 more than suggested by official statistics,
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