Sector movers: Redrow and Reckitt give household sector a lift
11th Feb 2015 14:51
Well-received results from builder Redrow and consumer products group Reckitt Benckiser meant the household goods and home construction sector was the best performer in London on Wednesday. Redrow's share price had surged over 12% to 333p by the afternoon session after the company impressed with a s
Read moreFTSE 100 movers: Tullow plummets on suspended dividend, BT higher on Premier League rights
11th Feb 2015 14:03
Tullow Oil topped the fallers after deciding to suspend its final dividend for 2014, as the exploration and production company swung to a loss of over $2bn on the back of hefty impairment charges and exploration write-offs. "2014 was a difficult year for our industry and a challenging one for Tullow
Read moreLondon open: Markets subdued as investors await Greek developments
11th Feb 2015 08:25
UK stock markets opened slightly lower on Wednesday, falling for the fourth straight day as investors awaited news flow from Greece. London's FTSE 100 was down 0.15% at 6,819 early on. All eyes will be on the emergency meeting of Eurogroup finance ministers on Wednesday, where Greece's Yanis Varouf
Read moreLondon pre-open: Stocks to edge higher ahead of Greek meeting
11th Feb 2015 07:53
UK stocks are expected to open slightly higher on Wednesday after three straight days of losses, though upside will likely be limited as investors await news flow on Greece. City sources predict the FTSE 100 will open eight points higher than Tuesday's close of 6,829.12. All eyes will be on the eme
Read moreReckitt Benckiser expects 'nice' margins in 2015 after beating sales targets
11th Feb 2015 07:47
In the first results after offloading its drugs business, Reckitt Benckiser delivered fourth quarter net revenue growth comfortably ahead of forecasts and said it expected "moderate to nice" margins for 2015 despite its new Supercharge cost-saving project. Net sales excluding Reckitt Benckiser Pharm
Read moreWednesday preview: Greece in focus as Eurozone finance ministers meet
10th Feb 2015 15:13
All eyes will be on the emergency meeting of Eurogroup finance ministers on Wednesday, where Greece's Yanis Varoufakis will make his debut appearance as he attempts to persuade his peers of the benefits of his bridging programme. The EU is thought likely to propose a six-month extension of the exist
Read moreFTSE 100 movers: CRH and Reckitt rise, while commodity stocks feel the pinch
23rd Jan 2015 13:15
Irish cement maker CRH jumped on Friday after news emerged it was leading the race to buy assets from rivals Holcim and Lafarge. Both firms are offloading businesses to ensure their proposed merger is approved and CRH has reportedly bid as much as €6bn for the assets. The firm confirmed it is in dis
Read moreFriday newspaper round-up: IAG and Aer Lingus, North Sea oil, Unilever and RB...
19th Dec 2014 06:55
The Times has printed a story on British Airways owner IAG's revelation that a secret €1bn-plus takeover of Aer Lingus was rejected by the Irish carrier's board. According to the new source, a takeover by IAG would have seen the airline seize even more highly prized take-off and landing slots at cap
Read moreReckitt chief officer buys stake in company
4th Dec 2014 14:55
Adrian Hennah, the chief financial officer of Reckitt Benckiser Group, on Thursday bought 13,222 shares at a price of 5,177p each. The £0.8m purchase increased his holding to 26,851 shares in the company. The consumer products giant last month announced the demerger of its RB Pharmaceuticals busine
Read moreTuesday tips round-up: Reckitt Benckiser, MITIE Group
18th Nov 2014 16:59
Reckitt Benckiser has opted for the simplest of formulas to de-merge Reckitt Benckiser Pharmaceuticals, which is laudable. Investors will get one share in the new Indivior for each Reckitt Benckiser share previously held. Yet that does not necessarily mean that much value will be generated. The comp
Read moreFTSE 100 movers: Broker comment provides drag
17th Nov 2014 15:57
Standard Chartered dropped into the red after Canaccord Genuity reiterated its 'sell' rating and lowered its target price to 850p from 1,000p. Tesco declined after Goldman Sachs stuck with its 'sell' rating on the stock and shrunk its target price cut to 155p from 250p. Credit Suisse and JP Morgan
Read moreMonday broker round-up UPDATE
17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read moreLondon open: Weak Asian data weighs on Footsie
17th Nov 2014 08:47
UK stocks began the day slightly lower, weighed down by negative references out overnight from Asia, despite which miners were registering the largest gains early on. Japan´s GDP contracted at a 1.6% annualised rate in the third quarter, a far weaker outcome than the 2.2% rate of expansion which ana
Read moreLondon pre-open: FTSE to fall after Japan falls into recession
17th Nov 2014 07:35
News of Japan falling into a recession is expected to provide a drag on the FTSE and other European markets on Monday morning. City sources predict the FTSE 100 will open around 30 points lower than Friday's close of 6,654.37. "The trading week got off to a woeful start in Asia overnight as news th
Read moreReckitt Benckiser unveils details of plan to demerge RB Pharmaceuticals
17th Nov 2014 07:05
Consumer products giant Reckitt Benckiser Group (RB) has unveiled the proposed timetable for the demerger of its RB Pharmaceuticals (RBP) business, which will have a separate UK listing under the name of Indivior. Under the move by the maker of Cillit Bang and Nurofen, RB investors will receive one
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