CORRECT: =3rd UPDATE: Reckitt Benckiser In GBP2.54B SSL Deal
21st Jul 2010 11:05
("=3rd UPDATE: Reckitt Benckiser Agrees GBP2.54B Offer For SSL," at 0911 GMT, misstated Reckitt's total workforce in the last paragraph. The correct version follows:) (Adds detail and analyst's comment.) By Jason Douglas and Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)-
Read moreBEFORE THE BELL: US Stock Futures Up Before Bernanke Testimony
21st Jul 2010 11:01
By Polya Lesova U.S. stock futures rose 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 31 points to 10210. Th
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
21st Jul 2010 10:37
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] 0937 GMT [Dow Jones] Panmure Gordon lifts its target price for SL International (SSL.LN) to 1163p from 885p, following Reckit
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
21st Jul 2010 10:37
annualized in May vs April's +7.5%, according to Westpac Banking and Melbourne University's Institute of Applied Economic & Social Research. Spot gold at $1,188.40/oz, down $3.80 vs NY close. September Nymex crude oil futures up 3 cents at $77.61/bbl. ([email protected]) 0634 GMT [
Read moreMARKET TALK: Panmure Lifts SSL International Target Price
21st Jul 2010 10:37
0937 GMT [Dow Jones] Panmure Gordon lifts its target price for SL International (SSL.LN) to 1163p from 885p, following Reckitt Benckiser's (RB.LN) cash offer of 1171p/share. Panmure doesn't see a counter offer being made and expects shareholders to accept the offer. The acquisition would represent a
Read moreUK SMALLCAP ROUNDUP: SSL Agrees GBP2.54B Offer From Reckitt
21st Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SSL INTERNATIONAL PLC (SSL.LN), the maker of Durex condoms, said it agreed terms for a GBP2.54 billion takeover by household products maker Reckitt Benck
Read moreLondon open: Bids spur Footsie higher
21st Jul 2010 08:53
Buyers are scrambling to find anything with the slightest chance of being bid for after Reckitt Benckiser snapped up SSL this morning for £2.5bn. Footsie is up by nearly 80 points so far with only Lonmin and Smith & Nephew in red numbers. Reckitt's bid for SSL is a deal that had been rumoured for
Read more2nd UPDATE: Reckitt Benckiser Agrees GBP2.54B Offer For SSL
21st Jul 2010 08:38
(Adds detail.) By Jason Douglas and Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Reckitt Benckiser Group PLC (RB.LN) Wednesday added condoms and insoles to its stable of products, as it continued to reposition itself as a personal care company with the GBP2.54 billio
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
21st Jul 2010 07:59
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] 0659 GMT [Dow Jones] Reckitt Benckiser's (RB.LN) acquisition of SSL (SSL.LN) will accelerate its shift to the faster growing
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
21st Jul 2010 07:59
0604 GMT [Dow Jones] S&P/ASX 200 remains tied to offshore markets, despite the revamp, earlier this month, of the proposed mining tax, after concern about the tax triggered underperformance in May. Northern hemisphere summer holidays appear to be compounding the lack of interest in Australian equiti
Read moreMARKET TALK: Reckitt Benckiser Buy Accelerates Strategic Shift
21st Jul 2010 07:59
0659 GMT [Dow Jones] Reckitt Benckiser's (RB.LN) acquisition of SSL (SSL.LN) will accelerate its shift to the faster growing and higher margin health and personal care sector, says Chas Manso at Evolution. Says deal has been rumored for many years but now Reckitt has the balance sheet to do it. "The
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
21st Jul 2010 07:37
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] 0637 GMT [Dow Jones] The acquisition of SSL International (SSL.LN) by Reckitt Benckiser (RB.LN) is likely to be highly earnin
Read moreMARKET TALK: Reckitt Acquisition Likely To Enhance Earnings
21st Jul 2010 07:37
0637 GMT [Dow Jones] The acquisition of SSL International (SSL.LN) by Reckitt Benckiser (RB.LN) is likely to be highly earnings accretive for Reckitt, says an analyst. Thinks synergies could be in the region of 10%-15% of SSL sales. But questions why Reckitt has waited so long to make a move, as SSL
Read moreUPDATE: Reckitt Benckiser Agrees GBP2.54B Offer For SSL
21st Jul 2010 07:31
(Adds detail.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Household products maker Reckitt Benckiser Group PLC (RB.LN) Wednesday said it agreed a 1,163 pence a share offer for SSL International PLC (SSL.LN), valuing the Durex maker at GBP2.54 billion. Reckitt said th
Read moreLondon pre-open: US to spark early rally
21st Jul 2010 07:26
Late gains in the US and solid results from Apple after Wall Street closed look set to send London back towards 5,200 in early deals. Futures point to an initial 50-point surge for the FTSE 100 this morning, potentially ending a five-day losing streak. In company news, after years of rumour and sp
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