Hints and tips:
...Job moves Superdry named as its new chair Peter Sjölander, formerly a Nike executive and chief executive of Scandinavian fashion label of Helly Hansen....
...● Food ingredients maker Chr Hansen dropped on a sales warning....
...Alpha Financial Markets rated new “outperform” at Macquarie; Antofagasta cut to “neutral” at Macquarie; Babcock raised to “neutral” at Citigroup; Central Asia Metals Cut to “neutral” at Macquarie; Chr Hansen...
...Hansen also flagged unexpectedly weak demand for food colourings in Latin America, but maintained full-year targets....
...The broker also downgraded Bakkavor from “overweight” to “underweight” and gave positive ratings to ingredients makers Tate & Lyle and Chr Hansen....
...Chr Hansen of Denmark was under pressure after results showed adverse currency movements holding back margins at its food cultures and enzymes business....
...Deutsche Bank cuts Rentokil to “hold”; Sage downgraded to “neutral” at JPMorgan; Credit Suisse cuts Asos to “underperform”; Ageas cut to “neutral” at Credit Suisse; HSBC cuts Carl Zeiss Meditec to “hold”; Chr Hansen...
...Note also that Sobi’s outgoing chairman Bo Jesper Hansen sold 8m shares on May 4, which would be an odd thing to do while in takeover talks....
...Hansen Transmissions soared by 91 per cent after German engineer ZF Friedrichshafen made a bid that valued it at £444.8m ($730.3m) – nearly double its previous valuation....
...“With 38 per cent soft irrevocable acceptance, a counter-bid is possible since Hansen is a quality name and the bid is a 10 per cent discount to book value....
...It also argued demand remained weak in Europe, making Hansen’s outlook on 2012 “challenging”....
...But Hansen Transmissions , the wind turbine gearbox maker, advanced by 4.3 per cent to 49p after Peel Hunt started coverage with a “buy” recommendation....
Basel III relief and fresh bid hopes lift banks sector
...Wind turbine parts maker Hansen Transmissions lost 14.5 per cent to 43p after cutting sales guidance and taking extra headroom on its debt covenants....
...Macquarie also mooted moves by Vestas Windsystems, Hansen’s key customer, to use other suppliers, and an industry-wide move to develop gearbox-free turbines....
...HSBC set a 135p target on Hansen stock, though it highlighted that a lock-up agreement restricting 26 per cent shareholder Suzlon from selling shares ends on Thursday....
FTSE 100 records another new 2009 high
International Edition