London pre-open: FTSE to track US and Asia stocks higher
22nd Nov 2012 07:26
City sources predict the FTSE 100 will open up 27 points from yesterday's close of 5,752, tracking gains in the US as sentiment was lifted in the afternoon following reports of a ceasefire deal in the Gaza Strip, announced by US Secretary of State Hillary Clinton and Egyptian Foreign Minister Mohame
Read moreLondon midday: Footsie nears four-month low
16th Nov 2012 11:34
- Footsie near levels not seen since end of July - 'Fiscal cliff' and Greek uncertainty clouds the markets - Melrose drops 13 per cent After a fairly subdued start, UK stocks had sunk firmly into negative territory for the third straight day, owing to some heavy falls from Melrose, the banks and re
Read moreLondon open: Stocks flat ahead of US budget talks
16th Nov 2012 08:27
The UK benchmark index opened flat on Friday morning as investors turn to the US where President Barack Obama is to hold budget talks in Congress to discuss the impending 'fiscal cliff'. The Footsie finished yesterday's session at 5,678, its lowest closing value since September 5th when it finished
Read moreReckitt Benckiser launches a counter offer for Schiff -UPDATE
16th Nov 2012 08:00
Slough based consumer goods giant Reckitt Benckiser has launched a 1.4bn-dollar (882m-pound) non-solicited counterbid for US nutrition specialist Schiff Nutrition International, with the tender offer beginning today. At $44 per share that represents 27% more than German conglomerate Bayer's o
Read moreBroker tips: Anglo American, Reckitt, Standard Life
29th Oct 2012 12:15
South African operation disruptions, production curtailments and a Chief Executive Officer (CEO) exit all add to near-term risks for Anglo American, according to Nomura which has slashed its estates for the mining group. "We have cut our near-term earnings forecasts by ~20% on average and now sit ~
Read moreBroker snap: Reckitt's a 'buy' after third-quarter beat, says Galvan
29th Oct 2012 11:53
Galvan Research has labelled consumer goods giant Reckitt Benckiser as a 'buy' after the company surpassed expectations in the third quarter. "Time and time again the excitement hungry City has downplayed the fundamentals at Reckitt's, only to be surprised when the group goes on to beat expectation
Read moreBroker tips: WPP, Reckitt, ASOS
25th Oct 2012 11:14
Investec has maintained its 'buy' rating for media and advertising giant WPP but has put its 950p target price under review after a disappointing third-quarter trading update on Thursday. "3Q IMS is disappointing with slower US/Europe but also Emerging markets. The latter is expected to bounce bac
Read moreBroker snap: Panmure pleased with Reckitt's developed market growth
25th Oct 2012 11:09
Panmure Gordon has raised its target price for consumer products group Reckitt Benckiser after strong growth in Europe and North America (ENA) helped like-for-like (LFL) sales beat forecasts in the third quarter. Total reported sales, down 1% at £2,422m, were pretty much in line with consensus, how
Read moreThursday broker round-up - UPDATE
25th Oct 2012 08:20
APR Energy: Seymour Pierce upgrades from reduce to hold, target left at 650p. ASOS: Seymour Pierce raises target from 1,900p to 2,350p, hold rating kept. AstraZeneca: Jefferies keeps hold rating and 3,00p target. Berkeley Group: Goldman Sachs upgrades to conviction buy, target lifted from 1,950p
Read moreThursday tips round-up: Reckitt Benckiser, Cupid and Mulberry
25th Oct 2012 06:41
Tempus in The Times says the trading update from Reckitt Benckiser, which has been at the heart of the discounting wars, suggests that in Europe and North America the picture may be improving. Like-for-like growth here in the third quarter was two per cent. This might not seem like much, but it comp
Read moreLondon close: Stocks rebound despite mixed economic data
24th Oct 2012 16:54
- Boeing, Facebook and SAP lift sentiment - Stocks rebound after heavy losses yesterday - Chinese and Eurozone data paints mixed picture UK stocks finished in positive territory on Wednesday, albeit only just, after some decent corporate earnings offset some mixed economic data from China and the E
Read moreFTSE 100 movers: ARM in top spot on yesterday's ace results
24th Oct 2012 14:54
Chip designer ARM Holdings continued to make gains after its impressive third-quarter results yesterday. It was announced yesterday morning that the company beat forecasts in the third quarter and gave a confident outlook for the rest of the year. The semiconductor intellectual property group said
Read moreReckitt Benckiser sees strong growth in emerging markets - UPDATE
24th Oct 2012 11:38
Shares in household products and personal care behemoth Reckitt Benckiser jumped after it produced solid results for the third quarter, with like-for-like net revenue growth of four per cent at constant exchange rates driven by strong growth in emerging markets. It also said it will meet growth expe
Read moreLondon close: Disappointing earnings and growth concerns spark sell-off
23rd Oct 2012 16:41
- 'Risk is officially off', says analyst - Corporate earnings and growth worries sink stocks - Miners drop, while ARM and Experian gain A sell-off on Wall Street and concerns about the Eurozone saw markets across Europe take a hammering on Tuesday, with mining stocks dragging the Footsie lower in L
Read moreWednesday preview: Reckitt and BATS to update on third-quarter trading
23rd Oct 2012 16:15
Consumer products giant Reckitt Benckiser is due to report its third-quarter results on Wednesday. The company, whose 'powerbrands' include Vanish, Harpic, Cillit Bang and Finish, is expected to report a 3.8% organic sales growth rate on the guided metric (excluding RB Pharmaceuticals and including
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