Investment: View from the City: Brokers Reports

The Independent (London, England), August 24, 2002 | Go to article overview
Save to active project

Investment: View from the City: Brokers Reports


IMPERIAL TOBACCO

UBS Warburg started telling its clients to buy Imperial Tobacco this week, amid expectations the management will continue its great track record in wringing cost-savings from its acquisitions. It has sealed the purchase of Reemstma, a German firm, which gives Imperial a strong presence in central Europe to add to its position as the leading producer of cigarettes in the UK and the world's largest producer of roll-your-own tobacco and papers. With pounds 170m in annual savings expected from next year because of the deal, Imperial's profit growth looks set to outstrip all its rivals.

MFI FURNITURE

Buying MFI shares at this stage of the economic cycle, with consumer spending likely to slow, may seem odd. But Rowan Morgan at KBC Peel Hunt thinks the business is "sleek and consumer- responsive" enough to survive a dip in consumer confidence, and its finances are sound. He reckons people will spend a greater part of their disposable income on home improvement over the next years, and less on eating out and clothing.

PHYTOPHARM

Phytopharm shares have come under pressure because of disappointing new small print in its big deal with Pfizer, the world's largest pharmaceuticals firm developing the little UK biotech's fat-busting drug.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Investment: View from the City: Brokers Reports
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?