LONDON, July 8, 2014 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Earnings Review released its analysts' notes regarding Associated British Foods plc (LON: ABF), Ted Baker plc (LON: TED), Diageo plc (LON: DGE), De La Rue plc (LON: DLAR) and Imperial Tobacco Group PLC (LON: IMT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/4545-100free.
Associated British Foods plc Analyst Notes
On July 3, 2014, the stock of Associated British Foods plc (AB Foods) continued its upward journey for the second consecutive session, closing at 3,098 pence, up marginally by 0.03% from its previous day's close. The Company's stock opened at 3,108 pence, and fluctuated within the range of 3,078 pence - 3,112 pence during the trading session. The stock also made a new 52-week high of 3,141.00 pence during the session. The Company's stock gained 2.68% over the past one month of trading, while the FTSE 100 witnessed an increase of 0.42% over the same time period. The full analyst notes on AB Foods are available to download free of charge at:
Ted Baker plc Analyst Notes
On July 3, 2014, Ted Baker plc (Ted Baker) continued its upward journey for the fourth consecutive session, closing at 1,866 pence, up 1.41% from its previous day's close. The Company's stock opened at 1,846 pence, and fluctuated within the range of 1,839 pence - 1,877 pence during the trading session. The Company's stock has declined by 4.31% over the past one month of trading, underperforming the FTSE 100, which gained 0.42% during the same time period. The full analyst notes on Ted Baker are available to download free of charge at:
Diageo plc Analyst Notes
On July 2, 2014, Diageo plc (Diageo) announced that its subsidiary, Relay B.V., has accepted the tender of 37.8 million shares, representing 26.0% stake in United Spirits Limited (USL), at a price of INR 3,030 per share or a total consideration of INR 65.7 billion. Diego, which already had a stake of 28.78% in USL prior to this transaction, now holds 54.78% in USL and will fully consolidate the results of USL with immediate effect. Commenting on the transaction, Ivan Menezes, CEO of Diageo, said, "Our announcement today is significant for Diageo. India has now become one of Diageo's largest markets and will be a major contributor to our growth ambitions. USL is the leading player in the attractive Indian spirits market. We can now combine that strong platform with Diageo's strengths to create a compelling future in India for Diageo, USL and the Indian spirits industry." The full analyst notes on Diageo are available to download free of charge at:
De La Rue plc Analyst Notes
On May 28, 2014, De La Rue plc (De La Rue) announced its preliminary results for FY 2014 (year ended March 29, 2014). While the Company's revenues grew 6.1% YoY to £513.3 million, underlying profit before tax increased to £77.3 million, from £51.3 million in FY 2013. Underlying EPS too increased significantly by 57.7% YoY to 60.7 pence. Commenting on the financial results, Philip Rogerson, Chairman of De La Rue, said, "We entered the new financial year with a good order book albeit reflecting the recent more difficult pricing environment in the Currency market. The Board's expectations for 2014/15 remain unchanged." The Company has proposed a dividend of 42.3 pence per share payable on August 1, 2014 to shareholders of record July 4, 2014 (ex-dividend date of July 2, 2014). The upcoming Annual General Meeting on July 24, 2014 will take a final call on the dividend. The full analyst notes on De La Rue are available to download free of charge at:
Imperial Tobacco Group PLC Analyst Notes
On June 26, 2014, Imperial Tobacco Group PLC (Imperial Tobacco) announced the price range for the IPO of Compania de Distribucion Integral Logista Holdings, S.A.U. (Logista) following the receipt of approval from the Comision Nacional del Mercado de Valores (CNMV) related to the IPO prospectus. The final price is expected to be announced around July 10, 2014 and may be outside the price range of €12.50 - €15.50. The Company stated that its indirectly wholly-owned subsidiary, Altadis S.A.U., is expected to sell up to 30% of its shares in Logista to institutional investors in the IPO, in which 39.8 million shares are on offer, assuming full exercise of the over-allotment option. The full analyst notes on Imperial Tobacco are available to download free of charge at:
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] earnings-review.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] earnings-review.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] earnings-review.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Earnings Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Earnings Review in this article or report according to the procedures outlined by Earnings Review. Earnings Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Earnings Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Earnings Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Earnings Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Earnings Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Earnings Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Earnings Review