Batmen get thumbs up
Article Abstract:
BAT Industries will merge its insurance activities with those of Zurich Insurance, and analysts see the deal as beneficial. Five analysts from a sample of six rate the company's stocks a buy, and one rates them a sell. The buyers are Societe Generale Strauss Turnbull, Robert Fleming, Charterhouse Tilney, Julius Baer and UBS. Charles Stanley is the seller and is less positive about the chances of extracting value from the planned merger, and is also concerned about regulatory issues affecting the tobacco industry.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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BAT after Liggett
Article Abstract:
BAT Industries shares have been affected by concern about litigation and these fears have intensified with the agreement by Liggett to pay a proportion of its profits to help pay for treatment of smoking-related conditions. Four brokers from a sample of six rate the company's shares a buy, and two rate them a hold. Buyers include SGST which sees concern over US legal action as exaggerated. Schroders, Merrill Lynch and BZW are also buyers. The holders are NatWest Securities and Panmure Gordon.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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BAT puffs away
Article Abstract:
BAT shares have underperformed in the three months to Aug 1995, and four stockbrokers recommend buying the shares from a survey of six brokers in Aug 1995. Two brokers recommend holding BAT shares. The buyers include Charles Stanley which sees cost savings from the integration of American Tobacco, and Panmure Gordon, impressed by tobacco results. SBC Warburg argues for holding the shares while NatWest Securities argues for reducing holdings of BAT shares.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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