Industrial supplies and services distributor Brammer has agreed to be bought by US private equity firm Advent International for 165p in cash per share, or around £221.5m.
Industrial supplies and services distributor Brammer issued an update on its trading and financial position on Friday, reporting group sales per working day at constant currency as down 2% in the third quarter.
Brammer scrapped its dividend on Thursday as it said it swung to a loss in the first half.
Industrial products distributor Brammer has warned it will be close to breaking its debt covenents and is reviewing whether to pay an interim dividend as profits for the year are likely to fall short of expectations.
Zoopla Property Group (wi): Berenberg Bank reiterates to buy, reduces target price to 300.00p.
Brammer posted a 19.4% drop in first-half pre-tax profit, dented by a weak euro, although the company said it remains on track to deliver on its full-year expectations.
Shares in Brammer plunged over 10% on Friday, after the industrial maintenance products distributor warned first half profits will be lower.
RBS: Nomura reiterates reduce but lifts target price to 370p from 360p.
Industrial products distributor Brammer has reduced its full-year guidance after UK sales were affected by reduced sales spend across customers in the four months to 31 October.
AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation.
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p.
Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold recommendation. Investec raises target price from 1630p to 1760p and keeps a hold recommendation.
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review.
Some analysts are wondering whether the agreement reached by RBS with the government so as to be able to resume dividends will actually bring forward the date of shareholder payments. The Times' Tempus is not so sure. In essence, the bank needs to rebuild its capital reserves - so as to receive regulatory approval to resume pay-outs - while at the same time generating sufficient funds to pay the government for its dividend access share. For that to happen, it must return to profitability and pull off the flotation of its US subsidiary, Citizens.
WS Atkins, the 14th largest global design company in the world, may be seeing the first sign of an upturn, judging by the fact that it has increased its annual intake of graduate trainees in Britain for the latest financial year, to 330 from 250. The underlying assumption, naturally, is that projects such as HS2 and Crossrail will generate more than enough work to keep them busy. Just as important, it has disposed of underperforming assets in both the UK and the US, which should feed through into improved margins this year.
Aberdeen Asset Management: RBC Capital moves target price from 485p to 495p and maintains an outperform rating.
Aeorema Communications: Cantor Fitzgerald initiates with a target price of 90p and a buy recommendation.
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy.
European industrial maintenance company Brammer has acquired Lonne from Credo Invest and Terje Lonne.
Aggreko: Liberum Capital initiates with a target price of 1500p and a hold recommendation.