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Tuesday broker round-up UPDATE

Tue, 18th Mar 2014 08:58

Antofagasta: Investec places its target price (prev.: 753p) under review, while leaving its sell recommendation unchanged.Ashtead Group: Credit Suisse raises target price from 1000p to 1100p and stays with its outperform rating. UBS increases target price from 875p to 1020p retaining its buy recommendation.ASOS: Panmure Gordon raises target price from 6051p to 6126p and leaves its hold recommendation unaltered.BAE Systems: RBC Capital ups target price from 450p to 490p and upgrades to outperform.Berkeley Group: Numis raises target price to 3000p and upgrades from hold to add.Bioquell: Investec lowers target price from 147p to 133p and stays with its hold recommendation.Bunzl: JP Morgan shifts target price from 1516p to 1520p and reiterates a neutral rating.Capital Drilling: Liberum Capital moves target price from 35p to 40p and stays with its buy recommendation.Close Brothers Group: JP Morgan increases target price from 1480p to 1512p and stays with its overweight rating.CSR: UBS raises target price from 580p to 750p, while its neutral rating remains unchanged.Exillon Energy: Investec places both its target price (prev.: 270p) and its buy recommendation under review.Glencore Xstrata: RBC Capital ups target price from 350p to 375p and leaves its outperform rating unchanged.Great Portland Group: UBS raises target price from 670p to 705p leaving its buy recommendation unaltered.Gulf Keystone Petroleum: Cantor Fitzgerald cuts target price from 183p to 154p and maintains a buy recommendation.Hikma Pharmaceuticals: Bank of America raises target price from 1600p to 1750p staying with its neutral rating.IG Group: Canaccord Genuity takes target price from 666p to 711p and retains a buy recommendation.Japan Residential Investment: Liberum Capital lowers target price from 74p to 68p and leaves its buy recommendation unchanged.Mears Group: Investec increases target price from 495p to 520p and retains an add rating.Mecom: Numis shifts target price from 150p to 155p and keeps a buy recommendation. Canaccord Genuity shifts target price from 150p to 158p maintaining a buy recommendation.Pearson: Numis reduces target price from 1189p to 1048p and leaves its hold recommendation unaltered.Pittards: WH Ireland ups target price from 230p to 270p and keeps a buy recommendation.Premier Foods: UBS takes target price from 65p to 115p, but still recommends selling.Redefine International: Deutsche Bank moves target price from 38.3p to 51p, but downgrades to hold.Royal Bank of Scotland: RBC Capital reduces target price from 310p to 250p and keeps its underperform rating.RSA Insurance: Berenberg cuts target price from 112p to 92.6p retaining its hold recommendation.Sainsbury: JP Morgan reduces target price from 340p to 280p and stays with its underweight rating. Panmure Gordon cuts target price from 400p to 320p retaining its hold recommendation.Schroders: Credit Suisse raises target price from 2810p to 2900p reiterating its neutral rating.SDL: Panmure Gordon moves target price from 410p to 421p maintaining a buy recommendation. Canaccord Genuity increases target price from 266p to 325p retaining a hold recommendation.Shore Capital: RBC Capital raises target price from 300p to 450p and maintains its outperform rating.SIG: Deutsche Bank shifts target price from 182p to 190p reiterating its hold recommendation.Spirax-Sarco Engineering: Investec reduces target price from 3425p to 3210p, while keeping its buy recommendation.TUI Travel: Barclays ups target price from 445p to 500p reiterating an overweight rating.UNITE: Jefferies raises target price from 465p to 497p and retains a buy recommendation.
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4 Sep 2023 16:57

IN BRIEF: Pittards confirms appointment of joint administrators

Pittards PLC - Yeovil, Somerset-based leather goods producer - Further to announcement last month, confirms it has appointed Lucy Winterborne and Daniel Hurd, administrators from Ernst & Young LLP, as joint administrators to the company. Says the joint administrators are at an advanced stage of negotiations to sell its business and assets, including its Ethiopian subsidiaries. Says the transaction is expected to formally close no later than Wednesday. Says that if the transaction cannot be concluded, the joint administrators will assess available options to realise value for the Pittards' creditors. Says the joint administrators will be contacting shareholders "in due course" with further information on the administration process and the sale of Pittards' business and assets.

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22 Aug 2023 14:23

IN BRIEF: Pittards files second notice to appoint administrators

Pittards PLC - Yeovil, Somerset-based leather goods producer - Says that on August 21, it filed a second notice of intention to appoint administrators to provide protection against creditors for a further 10 business days whilst a buyer for the business and assets is sought.

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14 Aug 2023 10:20

IN BRIEF: Pittards clarifies it has not yet appointed administrators

Pittards PLC - Yeovil, Somerset-based leather goods producer - Says it has not appointed administrators yet and that it continues to trade. On Sunday, the BBC reported that Pittards had appointed administrators.

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8 Aug 2023 16:44

IN BRIEF: Pittards to appoint Ernst & Young as administrators

Pittards PLC - Yeovil, Somerset-based leather goods producer - Following discussions with its advisors, resolves to file notice of intention appointing Ernst & Young LLP as administrators "as soon as reasonably practicable". Says the board is taking this action "to protect the interests of its creditors". Says the decision to appoint administrators was despite initiating a sale process of the company's business and assets due to financial uncertainty and increased creditor pressure.

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20 Jul 2023 20:06

TRADING UPDATES: Chapel Down sales pop; Serabi output rises

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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11 Jul 2023 15:23

IN BRIEF: Pittards announces fundraise of up to GBP1.9 million

Pittards PLC - Yeovil, Somerset-based leather and leather goods producer - Says it will raise up to GBP1.9 million through management subscriptions and an open offer. Says the open offer is being made to give shareholders the opportunity to subscribe for three new ordinary shares to raise up to GBP1.7 million at 4 pence per share.

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4 Jul 2023 12:42

UK earnings, trading statements calendar - next 7 days

Wednesday 5 July 
AO World PLCFull Year Results
Quiz PLCFull Year Results
Redde Northgate PLCFull Year Results
Rockwood Strategic PLCTrading Statement
Supreme PLCFull Year Results
Topps Tiles PLCQ3 Results
Thursday 6 July 
Currys PLCFull Year Results
Equals Group PLCTrading Statement
Ferrexpo PLCTrading Statement
Jet2 PLCFull Year Results
Naked Wines PLCFull Year Results
PayPoint PLCFull Year Results
Robert Walters PLCTrading Statement
Victrex PLCTrading Statement
Workspace Group PLCTrading Statement
Friday 7 July 
MJ Gleeson PLCTrading Statement
Monday 10 July 
Crushmetric Group LtdFull Year Results
Tuesday 11 July 
Begbies Traynor Group PLCFull Year Results
D4t4 Solutions PLCFull Year Results
Dechra Pharmaceuticals PLCTrading Statement
Pittards PLCFull Year Results
Sosandar PLCFull Year Results
Synectics PLCHalf Year Results
Trifast PLCFull Year Results
Velocity Composites PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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29 Jun 2023 20:15

TRADING UPDATES: Pittards to raise GBP1.5 million as aims to refinance

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Thursday and not separately reported by Alliance News:

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4 Apr 2023 15:45

UK shareholder meetings calendar - next 7 days

Wednesday 5 April 
Celsius Resources LtdGM re election of director and approval to issue AIM dual listing shares
Thursday 6 April 
CloudCoCo Group PLCAGM
Molecular Energies PLCGM re proposed amendments to terms of the IYA Loan
Rio Tinto PLCAGM
Scottish American Investment Co PLCAGM
Friday 7 April 
no events scheduled 
Monday 10 April 
no events scheduled 
Tuesday 11 April 
Aeorema Communications PLCGM re short term loan approval
Apollon Formularies PLCAGM
Hot Rocks Investments PLCAGM
Pittards PLCGM re placing, directors' loan and share reorganisation
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Mar 2023 16:49

Pittards plummets on GBP225,000 discounted placing and poor finances

(Alliance News) - Pittards PLC shares dived on Friday, after it said it plans to raise GBP255,000 though a placing of 1.0 million shares at a price of 25 pence per share.

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23 Feb 2023 18:48

TRADING UPDATES: Pittards profit warning; R&Q premiums rise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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23 Feb 2023 15:22

Pittards FY profit to miss expectations

(Sharecast News) - Pittards slumped on Friday after it said full-year profit was set to miss market expectations after it took a hit from a weakening of the pound and weaker sales in the last quarter of the year.

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24 Jan 2023 14:01

Pittards promotes Finance Director Alan Burgess to CFO

(Alliance News) - Pittards PLC on Tuesday promoted Finance Director Alan Burgess to chief financial officer.

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26 Sep 2022 13:52

Pittards posts higher revenue and profit in "positive" half year

(Alliance News) - Pittards PLC on Monday posted higher half-year revenue and profit, but warned of the continuing impact of global supply chain problems and inflation.

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12 Aug 2022 10:07

IN BRIEF: Pittards signs deal with Yeovil Town Football club

Pittards PLC - Yeovil, Somerset-based leather and leather goods producer - Signs a sponsorship deal with Yeovil Town Football club. Says the deal will see its branding added on the back and sleeves of the team's shirts. "The agreement builds on that philosophy and sets a foundation from which Pittards will continue to forge strong relationships well beyond the workplace and further the company's ongoing commitment to social responsibility," it notes.

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