Sector movers: Reckitt recovers
18th Apr 2011 14:09
Reckitt Benckiser is boosting the household goods sector higher, recovering from last week's sell-off. The group - which owns the Cillit Bang brand - saw its share price take a beating on Thursday after it announced the retirement of chief executive officer Bart Becht. Meanwhile, the health care
Read moreFTSE 100 movers: Resolution unwanted after downgrade
18th Apr 2011 13:43
Insurance giant Resolution is the worst performer on the FTSE 100, after being downgraded from 'buy' to 'neutral' by UBS. The broker cuts its rating given the weak operational performance, mixed valuation picture and strong recent share price performance. The share price is left at 300p. Also lowe
Read moreFTSE 100 movers: Banking shares head south
15th Apr 2011 12:37
The banking sector is heading lower today as sentiment sours after credit rating agency Moody's cut its rating for Ireland's sovereign debt by two levels to Baa3 from Baa1, while retaining its negative outlook. RBS, Lloyds and Barclays are among the worst performers. Also in the red are the blue ch
Read moreWeek Ahead: BoE minutes, Reckitt Benckiser, Tesco
15th Apr 2011 12:01
In a week shortened by the Easter break, the big event is likely to be the release on Wednesday of the minutes of the March meeting of the Monetary Policy Committee (MPC), the team that determines the Bank of England's interest rate policy. The inflation trend finally headed down in March, a develo
Read moreLondon close: Retail rise fails to boost Footsie
14th Apr 2011 16:40
There were big movements in both directions on Thursday, but stocks finished lower in spite of a strong showing from the retail sector. Shares in Reckitt Benckiser took a sharp dive after the FTSE 100-listed maker of household products announced the retirement of its chief executive Bart Becht. The
Read moreFTSE 100 Movers: Becht bows out at Reckitt
14th Apr 2011 14:47
Shares in Cillit Bang maker Reckitt Benckiser took a sharp dive after the FTSE 100-listed maker of household products announced the retirement of its chief executive Bart Becht. The Dutchman, who has been at the helm of the firm since it was formed from the merger of UK company Reckitt & Colman and
Read moreSector movers: Reckitt dampens household goods sector
14th Apr 2011 14:27
The departure of chief executive officer Bart Becht has sent the share price of Cillit Bang owner Reckitt Benckiser lower, resulting in the household goods sector being the worst performing sector of the day. The Dutchman, who has been at the helm of the firm since it was formed from the merger of
Read moreBroker snap: Still positive at Reckitt despite CEO departure
14th Apr 2011 12:57
Reckitt Benckiser's share price took a beating Thursday after the group announced the retirement of chief executive officer Bart Becht. Japanese broker Nomura says that while this isn't ideal, "we stay the course" and keeps its positive stance on the household products group. "We are not surprised
Read moreLondon midday: Reckitt and PZ Cussons lead declines
14th Apr 2011 12:11
Shares are moving in both directions on a busy day for company announcements, but the trend is firmly downwards. Shares in Reckitt Benckiser took a sharp dive after the FTSE 100-listed maker of household products announced the retirement of its chief executive Bart Becht. The Dutchman, who has bee
Read moreReckitt shares dive as Becht steps down
14th Apr 2011 11:00
Shares in Reckitt Benckiser took a sharp dive after the FTSE 100-listed maker of household products announced the retirement of its chief executive Bart Becht. The Dutchman, who has been at the helm of the firm since it was formed from the merger of UK company Reckitt & Colman and Dutch firm Benck
Read moreWednesday newspaper round-up: North Sea oil, Opec, supermarkets
30th Mar 2011 06:06
The industry revolt over George Osborne's North Sea tax raid intensified yesterday as a leading oil company warned that £6.25bn of investment in two fields was now under threat. Norway's Statoil said that it was freezing investment decisions on the Mariner and Bressay fields as it reviewed its spend
Read moreLondon close: Footsie back at 5,900
25th Mar 2011 17:19
Blue chips closed the week just above 5,900 with decent gains across a range of sectors helped by a smattering of broker recommendations. Reckitt Benckiser is wanted after Bank of America Merrill Lynch upgraded the stock of the Cillit Bang maker to "buy" from "neutral", while Autonomy is in the red
Read moreLondon afternoon: Gaming firms in demand
25th Mar 2011 14:07
Leading shares are mixed after the strong opening prompted traders to bank some profits at the end of a week which has seen the top share index advance by around 170 points. Broker commentary is behind the share price movements of the Footsie's best and worst performers. Reckitt Benckiser is wante
Read moreLondon midday: Footsie clings on
25th Mar 2011 12:08
Footsie just about kept its head above water in the morning session but index heavyweight BP was a major drag after last night's news about the blocking of its $16bn joint venture with Rosneft. Broker commentary is behind the share price movements of the Footsie's best and worst performers. Reckit
Read moreWednesday newspaper round-up: Jaguar, Wm Morrison, Gold...
2nd Mar 2011 06:35
The manufacturing recovery was in full swing yesterday as four leading exporters reported booming profits, while confidence in the sector remained at record high levels. However, one of Britain's leading industrialists has warned that the Government must do more to boost the sector or risk stifling
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