Sunday newspaper round-up: Tesco, RBS, Morrisons
26th Oct 2014 16:31
Tesco's new Chief Executive Dave Lewis is in talks with the group's board over a new bonus deal because its problems have undermined his original package, the Mail on Sunday reported. "If you are doing a turnaround, then maybe you'd want some shorter-term targets for the leadership team," he said. S
Read moreWednesday broker round-up UPDATE
22nd Oct 2014 09:54
Amino Technologies: N+1 Singer moves target price from 93p to 107p upgrading to buy. Anglo American: Liberum Capital reduces target price from 1300p to 1200p retaining its sell recommendation. ARM Holdings: UBS moves target price from 970p to 980p upgrading from neutral to buy. Deutsche Bank cuts t
Read moreWednesday tips round-up: Reckitt Benckiser, Asos
22nd Oct 2014 06:50
Reckitt Benckiser's high valuation rating and predicted slow progress means that the stock is rated a 'hold', according to Martin Waller from the Tempus column in The Times on Wednesday. The comments come after a trading update from the consumer-products group, in which it reassured investors of its
Read moreFTSE 100 movers: Travel stocks fly higher
21st Oct 2014 14:51
Travel stocks were once again in positive territory as the sector recovered from a recent poor performance amid mounting concerns about the Ebola crisis. A report from Reuters claiming the European Central Bank is considering the possibility of buying corporate bonds on the secondary market, potenti
Read moreLondon midday: ECB stimulus hopes lift stocks, but earnings reports mixed
21st Oct 2014 11:38
Decent gains in the financial, energy and retail sectors helped the FTSE 100 rise strongly on Tuesday, despite some mixed blue-chip earnings and economic data from China. Also helping sentiment were reports that the European Central Bank is considering buying corporate bonds on the secondary market.
Read moreLondon open: UK stocks flat on mixed earnings, Chinese data
21st Oct 2014 08:28
UK stocks fluctuated in early deals on Tuesday as investors gave a mixed reaction to a wave of blue-chip corporate earnings. London's FTSE 100 index was just 0.1% higher at 6,275 within the opening hour, with shares of ARM Holdings and GKN rising strongly and Reckitt Benckiser, Intercontinental and
Read moreLondon pre-open: FTSE to register modest gains after strong US finish, weaker Chinese GDP
21st Oct 2014 07:40
City sources predict the FTSE 100 will open around seven points higher than Monday's close of 6,267.07. At 7.3%, Chinese third quarter GDP came in slightly above expectations, but this was lower than the 7.5% seen in the previous quarter, adding to concerns about the state of the Chinese economy as
Read moreReckitt Benckiser LFL growth held back by 'tougher markets' in Q3
21st Oct 2014 06:57
Consumer-goods giant Reckitt Benckiser missed analysts' estimates slightly in its third quarter on the back of continuing currency headwinds, while like-for-like (LFL) sales growth was held back by "tougher markets". The Anglo-Dutch firm, famous for brands such as Nurofen, Durex and Cillit Bang, sai
Read moreTuesday preview: Reckitt, ARM in focus; much-awaited Chinese data out
20th Oct 2014 14:34
Quarterly reporting season in the UK is expected to get into full swing on Tuesday with a raft of blue-chip companies scheduled to release trading updates. Consumer-goods giant Reckitt Benckiser will be in focus as the company reports on how currency headwinds affected third-quarter trading. The An
Read moreFriday broker round-up UPDATE
10th Oct 2014 09:42
British American Tobacco: Goldman Sachs reduces target price from 3530p to 3250p downgrading to sell. Brown (N) Group: UBS cuts target price from 490p to 445p leaving its buy recommendation unchanged. Diageo: Goldman Sachs reduces target price from 2030p to 1925p and keeps a neutral rating. Dixons
Read moreWoodford sells stake in Reckitt Benckiser
7th Oct 2014 18:12
Woodford Investment Management has added to its core holdings in British American Tobacco and G4S in its portfolio but announced it had sold down its stake in Reckitt Benckiser. Speaking about its decision to sell stakes in the multinational consumer goods company, which had been part of the fund fo
Read moreMorgan Stanley optimistic on Reckitt Benckiser despite valuation
25th Sep 2014 14:54
The risk-reward trade-off inherent in holding shares of consumer goods giant Reckitt Benckiser is tilted to the upside, in the opinion of analysts at Morgan Stanley, given the company's strategic optionality. More specifically, the firm is targeting a shift in its portfolio towards higher growth and
Read moreBroker tips: Reckitt Benckiser, UK Mail, Mitchells&Butlers
25th Sep 2014 13:37
teerngasThe risk-reward trade-off inherent in holding shares of consumer goods giant Reckitt Benckiser is tilted to the upside, in the opinion of analysts at Morgan Stanley, given the company's strategic optionality. More specifically, the firm is targeting a shift in its portfolio towards higher gr
Read moreThursday broker round-up UPDATE
25th Sep 2014 08:48
Amec: UBS raises target price from 1100p to 1215p upgrading from neutral to buy. Aquarius Platinum: Citi lowers target price from 26p to 22p maintaining a neutral rating. Arrow Global: Panmure Gordon ups target price from 335p to 360p and keeps a buy recommendation. Barr (AG): Numis ups target pri
Read moreFTSE 100 movers: Smiths Group drops after results miss forecasts
17th Sep 2014 14:32
Engineer Smiths Group was leading the fallers on the FTSE 100 on Wednesday after missing expectations with a 5% fall in annual revenues to £2.95bn on the back of foreign exchange headwinds and a small disposal. Analysts at Deutsche Bank had expected a figure closer to £3.05bn. Beverage groups SABMil
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