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Broker snap: Solid year for British Polythene, says Investec

Tue, 20th Dec 2011 12:21

Investec has maintained its buy recommendation on British Polythene Industries (BPI) after the manufacturing firm revealed this morning that full-year results would come in at the top end of expectations.The broker notes that trading has remained consistent with that described in the group's November trading update. "The group has benefited from structural changes effected in the UK in recent years and a strong European performance," said analyst John Lawson.Investec predicts that BPI can generate around £18.5m in full-year pre-tax profits, a 17% rise on last year's £15.8m.A 400p target price is kept.Shares were trading 1.09% higher at 323.5p by 12:20 on Tuesday.BC
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2 Jul 2014 08:11

British Polythene sees improved H1 despite American losses

British Polythene Industries forecast first half results ahead of last year's despite losses in North America. BPI said the upbeat performance would come in the face of a loss in the group's North American operation, which took a hit from a delay in delivery and installation of a replacement extrus

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2 Jul 2014 07:36

British Polythene Industries First Half Results To Be Up On Year

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15 May 2014 15:57

Wife of Beazley CEO sells 200,000 shares

The wife of David Horton, the Chief Executive Officer of Beazley, has sold 200,000 shares in the global specialist risk insurance and reinsurance business, thereby reducing his interest to 1.58m shares. Sophie Horton sold the shares at 244.50p a piece, giving the deal a trade value of £489,000.

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15 May 2014 11:38

DIRECTOR DEALINGS: British Polythene Divisional Manager Sells Shares

LONDON (Alliance News) - British Polythene Industries PLC Thursday said Andrew Green, a divisional manager, sold 20,235 shares at a price of 665 pence per share Wednesday. Following this transaction, Green holds 63,653 shares in total. Shares in the packaging manufacturer were up 0.8%

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15 May 2014 10:33

DIRECTOR DEALINGS: British Polythene Non-Executive Buys Shares

LONDON (Alliance News) - British Polythene Industries PLC Thursday said Non-Executive Director Ronald Marsh bought 35,000 shares at a price of 669.15 pence per share, which represents his only holding in the company. Shares in the packaging maker were up 0.7% at 671.62 pence Thursday mornin

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13 May 2014 15:30

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