GrandMet in slack water
Article Abstract:
Grand Metropolitan shares have underperformed in the four years to Jul 1996 and the company has been affected by overcapacity in the spirit drinks industry. Four brokers of a sample of six rate the company's shares a hold while two rate them a buy. The buyers are Lehman Brothers which emphasises the company's earnings from the US food business, and UBS, which sees a price rise in spirit drinks as likely to persist. Holders include James Capel and Merrill Lynch.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Foods Help GrandMet
Article Abstract:
Grand Metropolitan saw a rise in its share price during 1995, and stockbrokers generally favor GrandMet shares. Credit Lyonnais Laing sees the group's food activities as compensating for depressed sales of drinks. Greig Middleton sees benefits coming from marketing of the company's premium brands. Lehman Brothers sees benefits from the acquisition of Pillsbury. Goldman Sachs is concerned about the problems of the drinks industry such as pressure on prices.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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GrandMet in favour still
Article Abstract:
Grand Metropolitan has seen a rise in its stock price since the announcement of a merger with Guinness. Seven brokers from a sample of eight rate the company's stocks a buy, and one rates them a sell. Buyers include Panmure Gordon and NatWest Securities, both the company's house brokers. Morgan Stanley, Charterhouse Tilney and Merrill Lynch are also among the buyers. The seller is PaineWebber, which is concerned about the growth prospects for the company.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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