UK: Merrill Lynch raises Uniq rating
Merrill Lynch has raised its rating on the food group Uniq PLC from "Sell" to "Neutral". The bank's dealers said the company, which specialises in salads and French spreads, had started to make progress with its restructuring plan.
"Critically, it is the elimination of the group's net debt position and solution to the ongoing pension issue that gives us more comfort that management can execute the turnaround of the remaining businesses," Merrill Lynch said.
However, the broker did warn that there still remained substantial execution risk regarding the turnaround of remaining assets.
Convenience food group Uniq has seen a good start to the current financial year, with sales for the first half increasing....
Convenience foods group Uniq has reported a pre-tax loss of GBP21.9m (US$43.1m) for the nine months to 31 December....
In a trading statement issued ahead of its year-end results, UK dairy group Dairy Crest has said that the past financial year had been one of "significant progress"....
Convenience food group Uniq said in a trading update today (15 January) that while UK sales increased during the last three-months of 2006, margins were poorer than anticipated - news that sent the co...
Dairy Crest Group has been given the green light by the French Works Council for its EUR370m (US$488) proposed acquisition of spreads firm St Hubert....
UK convenience food group Uniq said today (21 November) that its operating losses, excluding exceptional items, declined by one third during the first six months of the year as the company's recovery ...
European convenience food group Uniq has announced the unconditional sale of its Belgian salad business, Uniq Belgium NV, to Gilde, the Benelus investment group, for a total of EUR 60m (US$77.02m)....
Dairy Crest yesterday (9 November) posted a 25% increase in adjusted profit before tax, which rose to GBP31.8m (US$60.9m), on an improved performance from its dairies division and key brands. The comp...
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