London midday: Updates fail to move Footsie
26th Jul 2010 12:13
Footsie is still seeking direction despite a stream of company news updates that have moved share prices Banks Lloyds, Royal Bank of Scotland and Barclays are all strongly ahead after they sailed through the tests last week. BP is ahead after the oil giant confirmed it will t will hold a board me
Read moreBroker snap: Respectable performance from Reckitt
26th Jul 2010 11:37
Second quarter results from household goods maker Reckitt Benckiser beat expectations but there remain 'underlying weaknesses that are niggling the market', Panmure Gordon avows. Europe was one of those niggling worries, with sales declining by 1% in the second quarter when Panmure Gordon had been
Read moreLondon open: Solid start to week
26th Jul 2010 08:49
Relief at the relatively benign results of the European banking system stress test has encouraged buyers into the market. Lloyds, Royal Bank of Scotland and Barclays are all strongly ahead after they sailed through the tests last week. Tony Hayward, the embattled BP chief executive, will collect
Read moreUPDATE: Reckitt Benckiser Leaves Full-Year Targets Unchanged
26th Jul 2010 08:39
(Adds comment from the CEO, CFO and an analyst) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Reckitt Benckiser PLC (RB.LN) posted further growth in both sales and profit Monday, despite declining sales in Europe, but failed to issue its customary upgrade to full-year gui
Read moreMARKET TALK: Reckitt Benckiser 2Q Beats Expectations - Shore
26th Jul 2010 08:02
0702 GMT [Dow Jones] Reckitt Benckiser (RB.LB) 2Q "slightly ahead" of Shore Capital's forecast, says analyst Darren Shirley. Says the core business has modestly outperformed, driven by emerging markets. Europe is still suffering from increased competition, particularly from Proctor & Gamble (PG). Se
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
26th Jul 2010 08:02
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0702 GMT [Dow Jones] Reckitt Benckiser (RB.LB) 2Q "slightly ahead" of Shore Capital's forecast, says analyst Darren Shirley.
Read moreReckitt reiterates target as profit grows
26th Jul 2010 07:31
Reckitt Benckiser posted a rise in half-year profit and confirmed its full-year target after agreeing a £2.5bn bid for foot care and condom firm SSL last week. However, shares in the Anglo-Dutch household goods firm dropped after the group warned that growth in its European markets had virtually di
Read moreReckitt Benckiser Sales, Profit Grows, Targets Unchanged
26th Jul 2010 07:19
By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Reckitt Benckiser PLC (RB.LN) posted further growth in both sales and profit Monday but once again failed to issue its customary upgrade to full-year guidance. The household and personal care products group said its operating
Read moreLondon pre-open: No decision made on Hayward yet
26th Jul 2010 00:19
Relief at the relatively benign results of the European banking system stress test looks set to encourage buyers into the market at the outset, with the FTSE 100 expected to open around 30 points higher. Tony Hayward, the embattled BP chief executive, will collect a pay and pension package worth £1
Read moreEARNINGS PREVIEW: Europe's Consumer Goods Cos Face Tough 2H
23rd Jul 2010 14:40
TAKING THE PULSE: Results from Europe's food and consumer products companies are expected to show a continuation of the previous quarter's trends, as emerging markets drive higher volumes but pricing remains difficult and Western Europe proves challenging. All eyes will be on the companies' outl
Read moreWeek Ahead: BP, Reckitt Benckiser, ARM
23rd Jul 2010 11:20
More than one-fifth of the constituents of the FTSE 100 index are set to make trading statements in the last week of July so there is heavy competition for attention, but there is little doubt that the second quarter update from oil giant BP is the one the market and the press are most eagerly antic
Read moreLondon close: Footsie back above 5,300
22nd Jul 2010 16:39
London rose again to climb above 5,300 and close at its highest for over two months. A strong start on Wall Street got the afternoon session off to a good start, with buyers staying interested right to the end of the trading day. Rolls-Royce was best performer, on the back of the orders placed at t
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING -2-
22nd Jul 2010 10:58
0658 GMT [Dow Jones] HSI reverses morning's losses (intraday low 20,384.73), +0.1% at 20,514.99, as A-shares again come to rescue, with Shanghai Composite last +0.9%. Taifook Securities says A-shares "ripe for bottom-fishing," tips HK-listed mainland index-linked exchange traded funds or ETFs offer
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
22nd Jul 2010 10:58
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0958 GMT [Dow Jones] Panmure Gordon upgrades Reckitt Benckiser (RB.LN) to buy from hold and lifts the target price to 3800
Read moreMARKET TALK: Panmure Upgrades Reckitt Benckiser To Buy
22nd Jul 2010 10:58
0958 GMT [Dow Jones] Panmure Gordon upgrades Reckitt Benckiser (RB.LN) to buy from hold and lifts the target price to 3800p from 3650p, following the company's move to acquire SSL International (SSL.LN) for 1171p per share. "We regard this as an excellent strategic fit," says Panmure. SSL's two key
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