Reckitt H1 profit drops, FY outlook reaffirmed at bottom end of range
29th Jul 2016 07:35
(ShareCast News) - FTSE 100 consumer goods group Reckitt Benckiser posted a drop in first-half pre-tax profit but a rise in revenue, as it reaffirmed its full-year net revenue target at the lower end of its guidance range Pre-tax profit came in at £751m, down from £921m in the first half of last yea
Read moreBroker tips: Centrica, Travis Perkins, Reckitt Benckiser
30th Jun 2016 17:08
(ShareCast News) - Centrica's 'outperform' rating was left unchanged by RBC Capital Markets on Thursday but the British Gas owner's target price was cut to 250p from 280p. RBC said it advocates Centrica's strategy, announced last July, to put customers at the centre of growth ambitions and to scale
Read moreJP Morgan downgrades Reckitt Benckiser after strong run in share price
30th Jun 2016 13:51
(ShareCast News) - Analysts at JP Morgan downgraded their recommendation on shares of Reckitt Benckiser, arguing that the boycott on its goods in South Korea would weigh on the group´s rate of growth in like-for-like sales. To take note of, the broker shifted its stance following a strong run in the
Read moreSocGen outlines post-referendum trade ideas
22nd Jun 2016 09:57
(ShareCast News) - Remain is the central scenario in Societe Generale's equity allocation model and the FTSE 100 is one of its preferred indices, the bank said as it outlined its equity trade ideas for both outcomes. In the event of a Brexit, SocGen expects that on 24 June and the following days, th
Read moreMonday newspaper round-up: Brexit warning, Rosengren, BT, Reckitt
23rd May 2016 06:59
(ShareCast News) - Britain will be plunged into a year-long recession if it votes to leave the EU, according to a bleak analysis of the short-term economic shock of a Brexit vote published on Monday by the Treasury. The Treasury analysis suggests that growth could be 3.6% lower after two years if Br
Read moreFriday newspaper round-up: Brexit, Philip Green, Tata Steel
6th May 2016 07:20
(ShareCast News) - Three-quarters of EU citizens working in the UK would not meet current visa requirements for non-EU overseas workers if Britain left the bloc. The rate would rise to about 81 per cent once new rules, due to come into force in April, take effect, according to research carried out f
Read moreTuesday newspaper round-up: Data leaks, UK confidence, Barclays, BT
3rd May 2016 06:33
(ShareCast News) - US investors may be profiting from leaked economic data releases that allow them to front-run market-moving news, according to a research paper published by the European Central Bank. Macroeconomic news announcements can move markets, as traders watch for indications about how the
Read moreSunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read moreFriday newspaper round-up: Apple, BHS, executive pay, Reckitt
29th Apr 2016 07:21
(ShareCast News) - Billionaire investor Carl Icahn, who was among Apple's largest outside shareholders, said on Thursday that he no longer held a position in the technology company. "We no longer have a position in Apple," he said on CNBC, a US business news television network, adding that he still
Read moreLondon pre-open: Stocks seen lower as oil skids on failed Doha meeting
18th Apr 2016 07:35
(ShareCast News) - London stocks were set to open lower on Monday as oil prices slid in the wake of the failed Doha meeting over the weekend. The FTSE 100 was seen starting 64 points lower than Friday's close at 6,279. "A failed attempt to agree an output freeze by some of the world's largest oil p
Read moreStrong start to year for Reckitt Benckiser
18th Apr 2016 07:11
(ShareCast News) - Consumer products firm Reckitt Benckiser described its first quarter as "good" on Monday, despite a number of challenging trading conditions, with sales growing 5% on a like-for-like basis and 4% on an actual basis to £2.3bn. The FTSE 100 group said the results were in line with i
Read moreWednesday newspaper round-up: Retailers, Tata, Reckitt, BP
13th Apr 2016 07:17
(ShareCast News) - Many leading UK retailers have websites that require "serious attention" to make them safe against cyber attacks, according to new research that reveals how well stores are dealing with the rising threat from hackers and online criminals. Matalan faced particular criticism over
Read moreTuesday broker round-up
12th Apr 2016 19:38
(ShareCast News) - Vesuvius: Jefferies downgrades to sell with a target price of 255p. Ashtead: HSBC downgrades to hold with a target price of 970p. Cairn Energy: Canaccord reiterates hold with a target price of 215p. Just Eat: JP Morgan keeps at outperform with a target of 775p. Vedanta: Jefferi
Read moreBroker tips: Anglo American, Rolls Royce, Reckitt Benckiser
17th Feb 2016 12:38
(ShareCast News) - Anglo American surged as Deutsche Bank and Credit Suisse lifted their target prices on the stock following the company's full year results. On Tuesday, Anglo outlined its promised "radical" overhaul as it announced a pre-tax loss of $5.5bn after $3.8bn of write-down since the half
Read moreInvestec upgrades Reckitt after full year results
17th Feb 2016 09:30
(ShareCast News) - Investec upgraded Reckitt Benckiser to 'hold' from 'sell' and lifted the price target to 6,600p from 5,210p following the company's full year results. It said the 2015 numbers were comfortably ahead of both its forecasts and consensus expectations, led by another quarter of innova
Read more