Thursday paper round-up: Santander, Reckitt Benckiser, Vodafone
22nd Jul 2010 06:18
Santander is gearing up to list its UK operations on the London Stock Exchange as soon as this autumn in a deal that could raise an estimated £3bn (€3.5bn) to fund growth by the acquisitive Spanish bank. The group, which is on the verge of buying a portfolio of 318 UK branches from RBS, needs the mo
Read moreHEARD ON THE STREET: Reckitt's A Hit In The Bedroom
21st Jul 2010 18:51
By Hester Plumridge A DOW JONES COLUMN Not content with dominance in the bathroom and kitchen, Reckitt Benckiser Group PLC (RBGPY, RB.LN) is pushing into the bedroom. Investors welcomed the consumer products group's decision to buy Durex condom manufacturer SSL International PLC (SSL.LN) for
Read morePRESS RELEASE: Moody's Affirms Reckitt Benckiser's A1/P-1 Ratings, Stable Outlook
21st Jul 2010 18:38
The following is a press release from Moody's Investors Service: London, 21 July 2010 -- Moody's Investors Service has today affirmed the A1 senior unsecured issuer rating of Reckitt Benckiser Group plc and Prime-1 short-term rating of Reckitt Benckiser Treasury Services plc following the group's
Read moreLondon close: Good gains for FTSE 100
21st Jul 2010 17:04
Footsie's advance was pared slightly at the close of trading but shares still finished with strong gains. Mining stocks led the advance as copper inventories continue to contract, with Kazakhmys, Antofagasta, Vedanta and Xstrata at the head of the pack. Sticking with the resource sector, mining a
Read moreOn Dow Jones Investment Banker Today: SSL, Private Equity And More
21st Jul 2010 16:47
LONDON (Dow Jones Investment Banker)--The following columns have been published exclusively on Dow Jones Investment Banker in recent days. Many Dow Jones Investment Banker columns contain spreadsheets, video, PDFs and other supporting material. To arrange access to the best of Dow Jones news and opi
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jul 2010 14:55
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] 1355 GMT [Dow Jones] Reckitt Benckiser's (RB.LN) acquisition of SSL International (SSL.LN) makes both strategic and financ
Read moreMARKET TALK: Reckitt Deal Makes Sense - Charles Stanley
21st Jul 2010 14:55
1355 GMT [Dow Jones] Reckitt Benckiser's (RB.LN) acquisition of SSL International (SSL.LN) makes both strategic and financial sense, says Charles Stanley. It will enhance Reckitt's ability to make further value-adding acquisitions in over-the-counter healthcare in the future and make the company's b
Read moreLondon afternoon: Three-digit gain for Footsie
21st Jul 2010 14:10
Footsie's gain burst through the triple digit barrier over the lunchtime session, helped by expectations of a solid start by Wall Street. Mining stocks lead the advance as copper inventories continue to contract, with Kazakhmys, Antofagasta, Vedanta and Xstrata at the head of the pack. Sticking
Read moreBEFORE THE BELL: US Stock Futures Higher Buoyed By Apple Results
21st Jul 2010 14:01
By Polya Lesova U.S. stock futures gained on Wednesday, buoyed by strong results from blue-chip firms including Morgan Stanley and Apple, as investors braced for testimony by Federal Reserve Chairman Ben Bernanke. Futures on the Dow Jones Industrial Average rose 43 points to 10221. Nasdaq 1
Read moreBEFORE THE BELL: US Stock Futures Up Before Bernanke Testimony
21st Jul 2010 13:05
By Polya Lesova U.S. stock futures gained on Wednesday, buoyed by Apple's stronger-than-expected results, as investors braced for testimony by Federal Reserve Chairman Ben Bernanke and another barrage of earnings reports. Futures on the Dow Jones Industrial Average rose 15 points to 10193.
Read moreBroker tips: Johnson Matthey, Reckitt Benckiser, Euromoney
21st Jul 2010 12:39
Charles Stanley remains equivocal about the investment appeal of the shares of Johnson Matthey, despite a generally robust trading performance in the first quarter of the platinum refiner's financial year. The broker believes that Johnson Matthey's prospects are far from certain. "We note that US s
Read moreBroker snap: SSL deal should enhance Reckitt's earnings
21st Jul 2010 12:37
Commerzbank is sticking with its neutral stance on household goods maker Reckitt Benckiser after the company announced the earnings boosting acquisition of foot care and prophylactics maker SSL. "Combining SSL's strong brands (Durex and Scholl) and Reckitt's distribution power should allow paying
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
21st Jul 2010 12:11
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] 1111 GMT [Dow Jones] S&P Equity Research cuts Reckitt Benckiser (RB.LN) price target to 3600p from 3700p following recent dec
Read moreMARKET TALK: S&P Equity Research Cuts Reckitt Target
21st Jul 2010 12:11
1111 GMT [Dow Jones] S&P Equity Research cuts Reckitt Benckiser (RB.LN) price target to 3600p from 3700p following recent declines in peer multiples. It notes the company's proposed acquisition of SSL International (SSL.LN) and says if it is completed, it will re-gear Reckitt and enhance its EPS fro
Read moreLondon midday: Glaxo sales in line
21st Jul 2010 12:05
Equities ended the morning session in consolidation mode, holding on to the gains racked up in the first two hours of trading, when traders were enthused by the Reckitt Benckiser bid for SSL and forecast busting results overnight from Apple. Reckitt will pay SSL shareholders 1,163p per share with a
Read more