All Analysts articles – Page 38
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NewsFrench raises M&B Target Price
Leading analyst Simon French has reiterated his Sell recommendation for Mitchell’s & Butlers (M&B) but increased his target price from 301p to 365p, saying the company is “potentially a compelling turnaround story”
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Jack issues Hold for Punch after Q1 IMS
Leading analyst Douglas Jack has issued a Hold recommendation for Punch Taverns following its Q1 trading update this morning, saying he expects that the valuation gap to its peers should narrow on successful bond restructuring
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NewsCollyer reiterates Buy for Greene King
Leading analyst Geof Collyer has reiterated his Buy recommendation for Greene King ahead of its half-year results next Tuesday (3 December), saying that the company remains his favourite in the sector
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Improved margins at M&B to cover-up weak sales growth
A leading analyst has said that improved margins at Mitchells & Butlers (M&B) should help cover-up for weak sales growth in FY’13
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NewsFrench: Marston’s strategy “relatively risky”
A leading analyst has said that he believes Marston’s strategy of accelerating disposals of bottom-end wet-led pubs whilst allocating more capital to new build food-focussed managed pubs remains relatively risky given the step up in industry supply
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Collyer: premium and destination key at Marston’s
A leading analyst has forecast that full-year group revenue at Marston’s will have increased 4.8% with the top end of its retail division being the major driving factor (+7.9%)
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NewsAnalyst corner
Simon French at Panmure Gordon looks ahead to the full-year results for Mitchells & Butlers (M&B) next Tuesday (26 November) and says he expects “few surprises”
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Jack upgrades PBT Fuller's estimates for 2015 and 2016
Leading analyst Douglas Jack has upgraded his pre-tax profit estimates for 2015 and 2016 for Fuller’s following the London-based brewer and pub operator’s H1 results this morning
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NewsFuller's H1 EBITDA grows 4%
Fuller’s, the London-based brewer and pub operator, has reported a 4% rise in EBITDA to £28.1m in the six months to 28 September as like-for-likes in its managed estate grew 7.9%
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Jack: Conditions right for sector expansion
Current conditions provide a “favourable backdrop” to expansion for a number of leading pub and restaurant groups, according to leading analyst Douglas Jack
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Collyer: End of an era, start of a new era
A leading analyst has said that the market should take the retirement of Enterprise Inns chief executive Ted Tuppen as a sign that the period of difficult trading over the past six years is coming to an end
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NewsRollo expects solid Q3 from Whitbread
A leading analyst said he expects Whitbread to report solid like sales growth of 3%, in line with H1 when it updates the market on 10 December, but that growth across its restaurants will be flat due it being underrepresented in London
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French: Good growth expected for Fuller’s in Q3
A leading analyst has said he expects Fuller’s to report a period of good progress with c7% growth in earnings to £18.3m PBT when it announces its H1 results for the 26 weeks to 28 September on 22 November
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Openings to aid Young’s performance
A leading analyst has said that he expects a raft of new openings to have provided momentum to the performance of Young’s, which will release its H1 results for the six months ended 30 September on 21 November
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NewsM&C20 large caps have a bad week
The M&C20 Index suffered one of its biggest reverses this week to finish down 2.3% at 1,127, the leisure sector badly underperforming the market as the FTSE All-Share index advanced a point to 1,036
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NewsAnalyst corner
Simon French at Panmure Gordon looks ahead to Enterprise Inns’ full-year results next Tuesday (19 November), saying that he believes it will have struggled to reach its Q4 like-for-like target for profitability
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NewsEnterprise FY lfl net income 'to fall c3%'
Leading analyst Douglas Jack has predicts that Enterprise Inns will report a c3% fall in like-for-like net income at its full-year results on Tuesday, and predicted its shares are “likely to have a flat year” in 2014 if like-for-like net income growth does not occur
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Jack predicts Fuller's H1 PBT of £18m
Leading analyst Douglas Jack has forecast that Fuller’s will report a pre-tax profit of £18m in H1, up from £17.1m in the first half of 2012
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NewsAnalyst corner
Jamie Rollo at Morgan Stanley looks at the upcoming full-year results from Mitchells & Butlers (M&B) (26 November) and says he expects solid current trading, following a disappointing Q4
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NewsWetherspoons and Spirit lead the leisure charge
The leisure sector strongly outperformed the wider equities market by three percentage points this week as the M&C20 Index rose 2.2% to 1,175