FTSE 100 movers: Vedanta retreats into last place
22nd Feb 2012 14:16
Vedanta Resources fell into the bottom spot, pulling back after yesterday's 7% surge on the back of speculation that it is looking to merge its two Indian subsidiaries, Sterlite and Sesa Goa. Credit Suisse has said today that "any progress on restructuring or minority buy-outs would be a strong po
Read moreLondon midday: Stocks fall as Fitch downgrades Greece
22nd Feb 2012 11:47
- Fitch downgrades Greece from 'CCC' to 'C'. - MPC divided on level of QE. - Vedanta pulls back after yesterday's strong surge. UK stocks fell further into the red by midday after Fitch downgraded Greece's sovereign debt rating. While the decision was unarguably crucial to help the heavily-indebted
Read moreLondon open: Footsie slips as ex-div stocks provide a drag
22nd Feb 2012 08:35
- Shell makes near-£1bn bid for Cove Energy. - Markets digest Greek bailout, China data. - Ex-div stocks provide a drag. The FTSE 100 slipped slightly into the red in the opening hour on Wednesday as investors continue to digest the Greek bailout approved on Monday night. Meanwhile, Chinese manufac
Read moreSunday share tip round-up: James Fisher, Reckitt Benckiser
12th Feb 2012 13:31
The shipping industry has been in the headlines recently as freight rates have plunged, but James Fisher's specialist expertise is in demand. Last week, Fisher unveiled a new five-year contract with BP Angola to provide export tanker support services off the coast of the West African country. Fisher
Read moreThursday broker round-up - UPDATE
9th Feb 2012 09:16
Homeserve: Credit Suisse raises target price to 275p from 250p, stays at neutral. Reckitt Benckiser: Credit Suisse reiterates outperform. BHP Billiton: Credit Suisse retains outperform. Tate & Lyle: Panmure Gordon raises target from 645p to 690p, hold rating kept; JP Morgan reiterates underweigh
Read moreLondon close: Stocks slip as Greek talks commence
8th Feb 2012 16:37
- Greek talks now underway in Athens. - Investors await policy decision by BoE tomorrow. - Reckitt leads risers after full-year results. The earlier optimistic mood in global equity markets soon faded as talks between Greek leaders commenced on Wednesday afternoon. The Footsie slipped towards the e
Read moreFTSE 100 movers: Reckitt Benkiser rises on results
8th Feb 2012 14:41
Moving into the afternoon trading session, Cillit Bang maker Reckitt Benckiser maintained its position as the leading riser among blue-chips. The consumer products group said it exceeded its full year targets in 2011, as it announced a strategy for 'continued out-performance'. Net revenue in 2011 ro
Read moreBroker tips: Reckitt, SuperGroup, HomeServe
8th Feb 2012 11:50
Cillit Bang maker Reckitt Benckiser reported better-than-expected headline earnings per share (EPS) and good top-line growth momentum in its full-year results today, according to Nomura which reiterated its buy recommendation on the consumer products giant. "The company is guiding for 3-4% organic
Read moreLondon midday: Stocks up as investors await news from Greece
8th Feb 2012 11:46
- Reckitt, miners and banks provide a lift on the FTSE 100. - Big movers on the FTSE 250 drag index into the red. - Markets await news from Greek meetings. Stocks pared gains by midday but were still trading in positive territory as investors awaited developments from Greece with leaders still grap
Read moreBroker snap: Solid results from Reckitt, says Nomura
8th Feb 2012 10:08
Cillit Bang maker Reckitt Benckiser reported better-than-expected headline earnings per share (EPS) and good top-line growth momentum in its full-year results today, according to Nomura which reiterated its buy recommendation on the consumer products giant. Fourth quarter EPS came in at 74.2p, 2% a
Read moreWednesday broker round-up - UPDATE
8th Feb 2012 09:22
Reckitt Benckiser: Nomura maintains buy rating and 3,900p target. BP: UBS ups target from 500p to 525p, buy recommendation unchanged; Nomura keeps neutral rating and 500p target. Xstrata: UBS lifts target from 1,450p to 1,500p, buy rating kept. BSkyB: AlphaValue upgrades from reduce to add, targe
Read moreLondon open: Stocks rise with Greece in focus
8th Feb 2012 08:42
- Greek leaders scheduled to discuss draft deal. - Reckitt rises strongly after beating full-year targets. - Miners, financials provide a lift. Stocks opened higher on Wednesday following two days in the red, with banks and resource stocks providing a lift. Worth noting, the FTSE All-World equity i
Read moreLondon pre-open: FTSE 100 to take lead from US
8th Feb 2012 07:35
City sources predict the FTSE 100 will open up 13 points from yesterday's close of 5,890, taking its cue from the Dow Jones industrial average, which last night closed at its highest level since May 2008, as hopes rose that Greece is close to agreeing austerity measures. Mining giant BHP Billiton's
Read moreReckitt identifies 16 'power markets' - UPDATE
8th Feb 2012 07:04
Cillit Bang maker Reckitt Benckiser said it exceeded its full year targets in 2011, as it announced a strategy for 'continued out-performance'. Net revenue in 2011 rose to £9.49bn from £8.45bn the year before and just a tad higher than market expectations of £9.45bn. Profit before tax climbed to £2
Read moreWednesday preview: BHP Billiton, Reckitt, Dunelm ...
7th Feb 2012 15:56
The market will be distracted on Wednesday from the teething pains of the creation of a new mining giant (Glencore Xstrata International) by the results from a mining conglomerate created in a merger from a different era, BHP Billiton. The broking community thinks the figures covering the second ha
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