FTSE 100 movers: Engineers hammered, IAG takes off
17th Sep 2015 14:05
(ShareCast News) - The FTSE 100 lost some ground as nerves and indecision showed ahead of the US Federal Reserve's mighty rate decision. London's benchmark index was 0.6% lower at 6,191.95 by 1450 BST on Thursday, with a phalanx of engineers and oil services groups leading the way down. Engineers S
Read moreReckitt Benckiser gets a boost from Exane upgrade
16th Sep 2015 11:31
(ShareCast News) - Reckitt Benckiser got a boost after Exane BNP Paribas upgraded the stock to 'outperform' from 'underperform' and lifted its price target to 6,600p from 5,800p. The bank said its 'underperform' rating had been based on the belief that Reckitt would struggle to execute material near
Read moreReckitt Benckiser rallies on JPMorgan upgrade
3rd Sep 2015 11:56
(ShareCast News) - JPMorgan Cazenove upgraded Reckitt Benckiser to 'overweight' from 'neutral' and raised its price target to 6,300p from 6,025p. The bank said accelerating margin and sector-best top-line growth mean it expects the company to deliver the sector's strongest organic earnings before in
Read moreLondon close: UK stocks decline after labour market data disappoints
12th Aug 2015 16:16
(ShareCast News) - UK stocks ended Wednesday lower as investors processed disappointing UK jobs data and another devaluation of the yuan by China's central bank. The number of people employed in the UK in the three months to June fell 63,000 to 31.035m, more than the 55,000 drop expected by analysts
Read moreLondon midday: Stocks drop on UK jobs data, China woes, Greek concerns
12th Aug 2015 11:32
(ShareCast News) - Worse-than-expected UK jobs data and another devaluation of the yuan by China's central bank sent London-listed stocks lower on Wednesday at midday. The number of people employed in the UK in the three months to June fell 63,000 to 31.035m, more than the 55,000 drop expected by an
Read moreGoldman Sachs cuts Reckitt to 'neutral' on share price outperformance
12th Aug 2015 11:19
(ShareCast News) - Goldman Sachs has downgraded Reckitt Benckiser to 'neutral' from 'buy' and cut its price target to 6070p from 6390p, noting the 11% share price outperformance versus the consumer staples sector year-to-date. It said that since being added to the 'buy' list on 12 February 2014, the
Read moreReckitt forced to license K-Y brand as UK regulator approves deal
12th Aug 2015 10:38
(ShareCast News) - Reckitt Benckiser has been given clearance from the UK's competition regulator to buy the K-Y lubricants brand from Johnson & Johnson, but the consumer goods company will be forced to license out the brand to a UK competitor to alleviate concerns over competition. The Competition
Read moreTuesday tips round up: RyanAir, Reckitt Benckiser
28th Jul 2015 12:25
(ShareCast News) - RyanAir's shares fell 2.25% after it posted its first quarter results, partly because management voiced concerns over fuel prices, the Financial Times' Lex writes. The airline hedges most of its fuel purchases so its profits aren't sensitive to price movements, and next year's fue
Read moreFTSE 100 movers: Reckitt Benckiser, Randgold, Centrica
27th Jul 2015 18:48
(ShareCast News) - Reckitt Benckiser bumped up its target for like-for-like revenue growth and investors did the same with stock in the consumer goods giant. Pre-tax profit for the six months ended 30 June came in at £912m from £838m in the same period last year, on net revenue of £4.36bn, up 4% fro
Read moreLondon open: Stocks start lower, weighed down by losses in China
27th Jul 2015 09:28
(ShareCast News) - A sharp drop in Chinese stocks overnight weighed on risk sentiment early on as investors prepared themselves for the US central bank's policy announcement on Wednesday and a wave of corporate results in the UK, US and over on the continent this week. As of 08:33 BST, the FTSE 100
Read moreReckitt Benckiser gains after posting rise in first-half profit
27th Jul 2015 08:32
(ShareCast News) - Shares in consumer goods company Reckitt Benckiser rose after it raised its like-for-like revenue growth target for the full year, as it posted a jump in first-half pre-tax profit amid broad-based growth across its businesses.. Pre-tax profit for the six months ended 30 June came
Read moreThursday broker round-up
9th Jul 2015 16:22
Ashmore: RBC keeps at underperform. Aggreko: Exane reiterates underperform recommendation and 1,250p target. Anglo American: Investec stays at hold on the miner's South African-listed shares. Associated British Foods: Credit Suisse stays at outperform and sets a target price of 3,250p. Barclays:
Read moreBroker tips: Pearson, French Connection, Reckitt Benckiser
24th Apr 2015 17:44
Publishing and education group Pearson has been downgraded by broker Numis on valuation grounds, despite a first-quarter statement that was in line with forecasts. The broker noted no surprises in the trading update, which is a "very small" quarter in the context of the strongly second-half-weighted
Read moreCanaccord raises target for Reckitt Benckiser after better-than-forecast Q1
24th Apr 2015 10:15
Reckitt Benckiser Group rallied as the maker of Dettol handwash and Durex condoms reported a rise in first-quarter revenue that exceeded analysts' estimates, with broker Canaccord raising its target price by 100p. The group's first quarter rose 1% to £2.22bn in the first three months of 2015. Chie
Read moreLondon open: Analysts sanguine on Greece, oil forecasts revised higher
24th Apr 2015 09:17
Stocks have begun the morning moving modestly higher on residual optimism over the Greek debt negotiations and on the coat-tails of overnight gains on Wall Street, which saw the Nasdaq Composite close above its previous early 2000 record highs. "Greece is cash-strapped, and the situation is worsenin
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