FTSE 100 movers: Tobacco stocks drop on Reynolds-Lorillard tie-up
15th Jul 2014 13:49
Share prices of tobacco rivals Imperial and British American both dropped on Tuesday as investors gave a cool reaction to the planned merger between US peers Reynolds and Lorillard, which involves both UK companies parting ways with a lot of cash. As part of the deal, Imperial is to buy a portfolio
Read moreReynolds buys Lorillard for $27.4bn, BAT to invest $4.7bn, Imperial buys $7.1bn assets
15th Jul 2014 12:57
US tobacco giant Reynolds American has agreed to buy rival Lorillard for $27.4bn, meaning Reynolds' 43%-owner British American Tobacco (BAT) will invest $4.7bn to maintain its stake. As a result of the deal, which is expected to complete in the first half of 2015, BAT said on Tuesday that it would
Read moreTuesday broker round-up UPDATE
15th Jul 2014 08:53
Admiral Group: Numis moves target price from 1710p to 1720p, while downgrading from buy to add. African Barrick Gold: UBS initiates with a target price of 260p and a buy recommendation. Ashtead Group: Berenberg initiates with a target price of 1110p and a buy recommendation. British American Taba
Read moreLondon close: Investors watching the Fed as traders focus on M&A
11th Jul 2014 17:00
- FTSE 100 stabilises after hitting lowest since April 17th - M&A activity intense in the UK and on the continent - UK construction output declines Market Movers techMARK 2,782.29 +0.44% FTSE 100 6,690.17 +0.27% FTSE 250 15,451.42 +0.07% Equity and bond markets across the Continent were granted a
Read moreFTSE 100 movers: Imperial Tobacco rises on Reynolds-Lorillard talks
11th Jul 2014 15:25
Shares in Imperial Tobacco rose strongly after the company confirmed it is discussions with US rivals Reynolds American and Lorillard about the potential acquisition of some of their assets and brands. It is thought that Reynolds and Lorillard, the second- and third-largest cigarette makers in the S
Read moreLondon midday: UK stocks rebound after four-day losing streak
11th Jul 2014 12:07
- FTSE 100 rises after hitting lowest since April 17th - Tobacco stocks lead gains after four-day sell-off - UK construction output declines techMARK 2,777.53 +0.27% FTSE 100 6,684.40 +0.18% FTSE 250 15,487.07 +0.31% Equity and bond markets across Europe were calmer on Friday morning after concern
Read moreLondon open: Tobacco gains help UK stocks snap four-day losing streak
11th Jul 2014 08:56
- M&A speculation gives tobacco sector a boost - Housebuilders rise, miners fall - FTSE 100 rebounds from lowest in nearly three months techMARK 2,779.11 +0.33% FTSE 100 6,690.42 +0.27% FTSE 250 15,518.58 +0.51% Strong gains from tobacco and construction stocks outweighed a decline in the heavywei
Read moreImperial Tobacco looking at Reynolds and Lorillard assets
11th Jul 2014 08:18
Imperial Tobacco confirmed it is discussions with Reynolds American, the maker of Camel cigarettes, and Lorillard about the potential acquisition of some of their assets and brands. Reynolds is 42%-owned by FTSE 100-listed British American Tobacco. The potential transaction is reportedly being d
Read moreReynolds buyout possible by British American Tobacco
9th Jul 2014 10:01
British American Tobacco (BAT), famous for its Pall Mall and Lucky Strike cigarettes, could be close to a multi-billion dollar deal to buy out US peer Reynolds American, according to reports. BAT already owns 42% of Reynolds, one of the 'Big Three' tobacco giants in the States whose brands include
Read moreWoodford reveals top 10 holdings dominated by pharma and tobacco
8th Jul 2014 13:21
Highly influential fund manager Neil Woodford has revealed the top 10 stocks in his new £1.6bn Woodford Equity Income fund, including new favourites Imperial Innovations and Rolls-Royce. The university technology spin-out group and the aircraft engine-maker did not feature in the manager's previous
Read moreBAT's Vype e-cigarette ad banned by watchdog
11th Jun 2014 13:51
A poster advert for British American Tobacco's (BATS) Vype e-cigarette that promoted the product as "pure satisfaction for smokers" has been banned by the Advertising Standards Authority (ASA). The poster was designed and published alongside a television advert, which the ASA has evaluated as suit
Read moreSector movers: Beverages slide as SABMiller comes off recent gains
23rd May 2014 15:00
The beverages sector was the biggest faller as SABMiller retreated following yesterday's strong rise, which came on the back of a strong set of annual results. The group posted a 2% rise in adjusted pre-tax profit to $5,712, while the dividend was increase to 105 cents, up from 101 cents a year ea
Read moreBritish American Tobacco lifted by Lorillard merger rumours
22nd May 2014 16:27
US cigarette maker Reynolds American, which is 42 per cent owned by British American Tobacco (BAT), is reported to close to a deal to merge with rival Lorillard. Reynolds is in active discussions to merge with Lorillard, according to the Wall Street Journal. Other than keep a diluted stake or sell
Read moreLondon close: Supermarkets lift FTSE to end week on positive note
16th May 2014 16:59
- FTSE closes up 14.92 points at 6,855.81 - Comments from Asda, Morrison bid speculation, lift supermarkets - Eurozone trade surplus narrows - US consumer confidence falls techMARK 2,745.29 -0.45% FTSE 100 6,855.81 +0.22% FTSE 250 15,397.92 -1.40% Blue chips managed to end the week on a positive n
Read moreFTSE 100 movers: Morrison leads on bid speculation
16th May 2014 15:15
Morrison was today leading the upside, driven by market chatter around a potential bid for the group by a US-led private equity consortium. According to the Daily Mail's market report, such a bid could total around 6.4bn pounds in cash. Sector peers Tesco and Sainsbury were also lifted by the news
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