Broker snap: Investec downgrades Reckitt after SUBOXONE disappointment
25th Feb 2013 09:17
Investec has downgraded its rating for consumer products giant Reckitt Benckiser from 'hold' to 'sell' after US regulators called time on the company's exclusivity with its SUBOXONE product. Reckitt said on Monday that the US Food and Drug Administration (FDA) has denied its petition aimed at raisi
Read moreLondon open: Stocks gains as market shrugs off UK downgrade
25th Feb 2013 08:19
Markets managed to shrug off the UK ratings downgrade and some disappointing economic data from China on Monday morning, as stocks advanced on the back of optimism surrounding central-bank stimulus. "Signs from the US and Japan indicate they will continue with their monetary policy for some time ye
Read moreReckitt Benckiser 'disappointed' as FDA approves production of generic drug
25th Feb 2013 07:09
The Food and Drug Administration (FDA) has given the green light for two drug manufacturers to produce a generic version of Reckitt Benckiser's SUBOXONE tablets in the US, dealing a big blow to the consumer products giant. Reckitt announced on Monday morning that two unnamed manufacturers had recei
Read moreLondon midday: Stocks sink as Eurozone contracts further in Q4
14th Feb 2013 12:05
After hitting a fresh five-year high the day before, London's benchmark FTSE 100 index slumped on Thursday morning as traders reacted to weaker-than-expected economic growth figures from Japan and across Europe. Overnight, it was announced that Japanese gross domestic product (GDP) contracted by 0.
Read moreLondon close: Footsie hits new five-year high, Sterling slumps
13th Feb 2013 16:36
After a subdued start, London's FTSE 100 index finished with decent gains on Wednesday to set a new five-year high with analysts putting the strong performance down to the weaker pound. Sterling slumped today - down 0.82% against the dollar at 1,5534 - after the Bank of England said that inflation
Read moreLondon midday: Markets subdued as focus turns to the BoE
13th Feb 2013 11:22
London's FTSE 100 index was still in negative territory by Wednesday lunchtime, albeit well off its intraday low, as all eyes turned to the Bank of England (BoE) and the release of its three-monthly inflation report. While Governor Sir Mervyn King admitted that output has been broadly flat for the
Read moreLondon open: Stocks open lower ahead of inflation report
13th Feb 2013 08:27
UK stocks opened moderately lower ahead of the Bank of England's (BoE's) inflation report due out at 10:30, as well as a number of important economic indicators elsewhere. "European stock markets are largely mixed Wednesday, staying in a tight range as traders tread carefully ahead of the G-20 meet
Read moreColds and flu drive growth for Strepsils-maker Reckitt Benckiser - UPDATE
13th Feb 2013 07:09
Consumer products giant Reckitt Benckiser managed to narrowly beat consensus expectations with its 2012 results, as a strong performance in the Health & Hygiene division - responsible for brands such as Durex, Gaviscon and Dettol - helped drive growth. As such, the company said it is now bringing
Read moreLondon close: Barclays leads stocks higher as risk appetite increases
12th Feb 2013 17:00
Strong gains in the banking sector helped push the FTSE 100 one per cent higher on Tuesday afternoon, as markets welcomed news of a turnaround plan at UK lender Barclays. "European stock markets picked up some pace in Tuesday's session as traders upped their exposure to risk following recent weakne
Read moreFTSE 100 movers: Barclays leaps after results
12th Feb 2013 15:16
UK banking group Barclays was performing well today after releasing the details of its strategic review, which includes 3,700 jobs cuts. Meanwhile, the company said that adjusted profits before tax grew 26% to £7.05bn in 2012, helped by a 46% improvement in Corporate and Investment Banking and 52%
Read moreReckitt Benckiser signs collaboration deal with Bristol-Myers Squibb
12th Feb 2013 13:02
Reckitt Benckiser Group, the British consumer goods company, has signed a three-year collaboration agreement with Bristol-Myers Squibb (BMS), under which Reckitt will license a number of Latin American consumer health care brands from BMS. Under the terms of the agreement RB will initially pay BMS
Read moreReckitt Benckiser Group announces retirement of executive
21st Jan 2013 12:15
British consumer goods company Reckitt Benckiser Group announced Monday the resignation of Freddy Caspers as Executive Vice President (EVP) for the Latin America and Asia Pacific area. The FTSE 100 group, the world's largest producer of household cleaning products, said Caspers would step down on J
Read moreLondon midday: Miners gain after upbeat Chinese data
22nd Nov 2012 11:31
- Stocks gains despite Eurozone gloom - Chinese manufacturing figures lift sentiment - Trade expected to be light with US closed Decent manufacturing figures from China ensured that the FTSE 100 was making gains on Thursday with the heavyweight mining sector bolstering the benchmark index. However
Read moreLondon open: Stocks rise after Chinese data
22nd Nov 2012 08:27
- Footsie gains after upbeat Chinese data - Volumes expected to be light with US markets closed - SABMiller and Man Group lead gains on FTSE 350 UK stocks started Thursday's session with moderate gains after some upbeat manufacturing figures from China, though trade is expected to be light with US
Read moreReckitt shakes hands on merger agreement with Schiff Nutrition
22nd Nov 2012 07:45
Consumer goods giant Reckitt Benckiser Group has signed a definitive merger agreement with healthy snack maker Schiff Nutrition International. If Schiff's shareholders agree to the deal, they will tender their shares to Reckitt's previously announced cash offer of $42.00 per share, valuing Schiff
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