TheStreet.com looks at some of the worst positioned stocks from a technical analysis standpoint. For investors looking to buy one of these names, it makes sense to wait for more favorable technical conditions (and a lower share price) before piling in, the writer argues.» Read More
May 2- British American Tobacco PLC:. *Canaccord Genuity raises target price to 3225 p from 3100 p; rating hold. Reuters Station users, click. 1580.
*Sets up Fontem Ventures, may make acquisitions. *H1 earnings fall 3.1 percent, hit by Europe, Russia. LONDON, April 30- Imperial Tobacco, the world's fourth-largest cigarette group by market share, said it had set up a venture to develop electronic cigarettes, as it battles an increasingly tough consumer environment in Europe.
STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 1559 GMT 26 Apr- West African bourse up on telecoms------------------------------------------------------------------. Onatel rises 3,750 CFA francs to 50,000 CFA, while Sonatel adds 800 CFA francs to 17,000 CFA francs, as investors are eyeing the dividend of those companies, traders say.
JOHANNESBURG, April 26- South African stocks ended a touch lower on Friday, as another battering of gold producers such as Gold Fields outweighed a rise in banks and retailers.
April 26- British American Tobacco PLC:. *Natixis raises target price to 3650 p from 3600 p; rating neutral. Reuters Station users, click. 1580.
April 26- British American Tobacco PLC:. *Credit Suisse raises target price to 3800 p from 3600 p; rating outperform. Reuters Station users, click. 1580.
April 26- British American Tobacco PLC:. *Nomura raises target price to 4041 p from 4012 p; rating buy. Reuters Station users, click. 1580.
Shares in British American Tobacco rise more than 2 percent and hit a record high of 36 pounds as the world's second-biggest cigarette maker says its revenues rose 5 percent in the first quarter.
April 25- British American Tobacco PLC:. *Renaissance Capital raises price target by 75 p to 3725 p; rating hold. Reuters Station users, click. 1580.
Shares of South Africa's MTN Group rise about 2 percent after the telecom company says its subscribers increased by 3 percent to 195.4 million in Africa and the Middle East in the first quarter of the year.
Africa's top bullion producer AngloGold Ashanti is up 2.73 percent at 176.85 rand, while smaller rival Gold Fields gains nearly 5 percent to 67.69 rand. Harmony Gold and Sibanye Gold add 3.36 percent and 1 percent, respectively.
0725 GMT 25 Apr13- BAT shares up, confident on earnings outlook. Johannesburg- listed shares of British American Tobacco rise nearly 2 percent after the world's second-biggest cigarette maker says it is confident it would grow earnings this year. The shares are up 1.78 percent at 506.66 rand.
LONDON, April 25- Britain's top share index edged higher on Thursday, setting fresh three-week highs, but gains were likely to be modest ahead of data which could show the UK economy slipping into its third recession in four years.
LONDON, April 25- British American Tobacco. The company, which also makes Dunhill Fine Cut and Pall Mall, said total tobacco volumes fell by 3.4 percent, with cigarette volumes from subsidiaries decreasing by 3.7 percent to 160 billion.
DIARY For South Africa corporate diary, click on For southern and South Africa diary, click on ECONOMIC EVENTS. -The South African Reserve Bank releases its Financial Stability Review at 0800 GMT. -South African Finance Minister Pravin Gordhan gives public lecture on challenges and sustainability in South Africa's economy at 1000 GMT.
WASHINGTON, April 22- The U.S. Supreme Court on Monday declined to hear a tobacco industry challenge to a federal law that expanded restrictions on the advertising and marketing of cigarettes.
Those challenging the provisions of the 2009 Family Smoking Prevention and Tobacco Control Act included companies owned in part or in full by Reynolds American Inc, British American Tobacco Plc, Imperial Tobacco Group Plc and Lorillard Inc..
LONDON, April 22- Prime Minister David Cameron won the support of 500 business leaders on Monday in his campaign to renegotiate Britain's ties with the European Union, a political gamble that has infuriated some of the bloc's biggest members.
*HSBC down on earnings disappointment. LONDON, March 4- Worries over global growth dented the mining sector by midday on Monday, dragging back European equities which were also under pressure after earnings from heavyweight HSBC missed expectations.
*China growth worries hit miners. LONDON, March 4- Worries over the global growth outlook dragged European shares lower on Monday and weaker-than-anticipated earnings from leading bank HSBC did little to ease investors concerns. Meanwhile U.S. budget talks and Italy's political uncertainty is adding to the downbeat tone, "a London- based trader said.