Tuesday preview: BP, ARM, Reckitt Benckiser
26th Oct 2009 15:06
Oil giant BP kicks off the oil majors results season on Tuesday with third quarter figures, where net income is set to tumble to just over $3bn, analysts predict, from $8.9bn in the third quarter last year. Despite recovering throughout the year, oil prices are still not at the inflated levels seen
Read moreBroker tips: Income stocks, miners
23rd Oct 2009 13:13
US bank Citigroup has been casting its eye on income shares and reckons the sectors to focus on are telecoms and insurance, which look cheap when compared to banks and utilities. The US bank says UK equities still look good value on a dividend basis, and highlighted telecoms giant Vodafone and mini
Read moreBroker snap: Look to equities for income, Citi says
23rd Oct 2009 13:11
US bank Citigroup has been casting its eye on income shares and reckons the sectors to focus on are telecoms and insurance, which look cheap when compared to banks and utilities. The US bank says UK equities still look good value on a dividend basis, and highlighted telecoms giant Vodafone and mini
Read moreBroker tips: Tesco, GlaxoSmithKline, Reckitt Benckiser
6th Oct 2009 13:04
JPMorgan Chase reckons there is scope for upward revisions to earnings forecasts at Reckitt Benckiser, driven by increased sales and improved margins. 'We see room for positive earnings revisions from better top line and operating margins for the core business and potentially milder profit erosion
Read moreBroker snap: Cash burning a hole in Reckitt's pocket
6th Oct 2009 13:02
JPMorgan Chase reckons there is scope for upward revisions to earnings forecasts at Reckitt Benckiser, driven by increased sales and improved margins. 'We see room for positive earnings revisions from better top line and operating margins for the core business and potentially milder profit erosion
Read moreReckitt appoints Compass chief to board
23rd Sep 2009 15:07
The boss of caterer Compass is joining Reckitt Benckiser as a non-executive director to replace David Tyler who's leaving for the chairman's role at Sainsbury's. Richard Cousins, who was also on the board of HBOS during the credit crisis, will take up his role at the household products firm on 1 Oc
Read moreLondon close: Stocks pushed lower
5th Aug 2009 17:00
London's top stocks finished in the red as a poor start in the US and ex-dividends eventually ate into the early gains. US shares made a dull start on worse than expected job losses in July according to the private firm ADP. It said 371,000 people were laid-off compared to estimates of 350,000. L
Read moreLondon afternoon: Blue chips hang onto gains
5th Aug 2009 14:27
Footsie is holding its own in the afternoon session with Lloyds soaring despite a massive interim loss. US shares have made a dull start on worse than expected job losses in July according to the private firm ADP. It said 371,000 people were laid-off compared to estimates of 350,000. The survey is
Read moreLondon midday: Lloyds pulls Footsie higher
5th Aug 2009 11:24
Footsie is in the blue now as financials push ahead again on the back of Lloyds Banking, which is motoring forward. Lloyds Banking shares are up over 13% as investors bet that the worst of the bad debts that caused an underlying loss of £4bn in the half year to June are passed. Impairment charges
Read moreLondon close: Upward march recommences
29th Jul 2009 16:47
Footsie was back to winning ways Wednesday as investors digested a stream of company updates. Fund manager Schroders led the way after Morgan Stanley upgraded the firm to "overweight" from "underweight" and raised its price target to 1,045p from 710p. Rexam was the major faller after it launched
Read moreLondon afternoon: Financials lift Footsie
29th Jul 2009 14:33
Risers outnumber fallers by around three to one among FTSE 100 constituents, as the blue-chip index resumes its upward climb following yesterday's pause for breath. Financial stocks lead the advance, with insurers Aviva, RSA and Standard Life to the fore, as is part-nationalised bank Royal Bank of
Read moreLondon midday: Blue-chips advance on broad front
29th Jul 2009 11:50
Having seen its winning streak come to an end yesterday Footsie is back on the rise today despite some mixed corporate news. Rexam is the major faller after it launched its well-flagged rights issue to raise £351m at a big discount to the current share price. The interim dividend has also been scra
Read moreLondon open: Footsie on rise again
29th Jul 2009 08:47
London is back on a rising trend after yesterday's blip that ended the eleven day upward streak. A partial recovery in the US last night that saw Wall Street end with just a small loss has helped the mood. Results have been mixed. Reckitt Benckiser demonstrated again that it lives in a different re
Read moreLondon pre-open: Stocks to pull back again
29th Jul 2009 07:39
London looks set to slip at the start of trade despite a partial recovery in the US last night that saw Wall Street end with just a small loss. Futures are currently indicating an early 10-point drop for the FTSE 100. The slump in oil prices knocked a third off BG Group's second quarter profit, al
Read moreReckitt powers through the downturn
29th Jul 2009 07:23
Swine flu fears sparked a surge in demand for disinfectant Dettol and helped Reckitt Benckiser power through the first half of 2009. The detergent group posted profits and dividends up by a third and raised its full year estimates for both sales and earnings growth. Pre-tax profits for the quarte
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