Tuesday broker round-up
16th Feb 2016 17:53
(ShareCast News) - Mattioli Woods: Canaccord upgrades to buy,640p target and N+1 Singer upgrades to buy with a target of 630p. Connect Group: Shore Capital upgrades to buy. Servelec: invetec reiterates buy with a target of 400p and N+1 Singer keeps at buy, 360p target. Acacia Mining: JP Morgan sta
Read moreTuesday newspaper share tips: Reckitt Benckiser
16th Feb 2016 16:13
(ShareCast News) - Credibility commands a premium, just ask Reckitt Benckiser. The boss of the maker of personal care products, Rakesh Kapoor, sold the market on the idea that he could raise the company's 'core' rate of growth and he has delivered. Full-year sales improved on a like-for-like basis,
Read moreMonday broker round-up
15th Feb 2016 18:27
(ShareCast News) - Hargreaves Lansdown: Shore Capital upgrades to buy. Antofagasta: Peel Hunt Limited downgrades to hold with a target price of 425p. Atkins: Citigroup upgrades to neutral with a target of 1160p, from 1120p. Hays: HSBC upgrades to buy with a 155p target. IAG: Bank of America upgra
Read moreBroker tips: Reckitt Benckiser, IAG, Hays
15th Feb 2016 11:32
(ShareCast News) - Reckitt Benckiser's full-year results were "exceptionally strong", broker Canaccord Genuity said following the company's latest results, but the shares already "full-valuation" meant that it left its 'hold' recommendation on ice. The consumer goods giant's full-year results easily
Read moreLondon open: Stocks jump after China sets higher value for the yuan
15th Feb 2016 08:20
(ShareCast News) - Stocks jumped out of the gate after China's central bank set a higher daily reference value for the country's currency, with central bank chief Zhou Xiaochuan talking about the need for patience in balancing reform, growth and stability, as well as China's need to remain a respons
Read moreLondon pre-open: Stocks to start higher, tracking gain in yuan, Nikkei-225
15th Feb 2016 07:54
(ShareCast News) - The Footsie was being called to start the session sharply higher, with sentiment buoyed by gains in stocks overnight in Tokyo and last Friday, on Wall Street. To many investors' relief, the People's Bank of China set today's fixing for the country's currency, the yuan, 0.3% higher
Read moreReckitt Benckiser revenue up 5% on constant currency basis to £8.87bn
15th Feb 2016 07:09
(ShareCast News) - Reckitt Benckiser saw broad growth in the year to 31 December, despite mixed market conditions. In a trading update on Monday, the FTSE 100 consumer goods giant revealed total net revenue growth of 5% on a constant currency basis to £8.87bn, and like-for-like revenue growth of 6%,
Read moreLondon close: Stocks end lower on slump in commodities
30th Dec 2015 16:19
(ShareCast News) - UK stocks slumped on Wednesday as shares in mining and oil producers declined. Oil prices reversed the previous day's gains on concerns about a supply glut after a report showed an unexpected rise in US crude inventories. The Energy Information Administration said US crude invent
Read moreHarf to leave Reckitt Benckiser board to focus on JAB role
21st Dec 2015 07:44
(ShareCast News) - Reckitt Benckiser Group has announced that Peter Harf will step down from the board to focus on his chief executive role at JAB. It ends his 16-year stint on the board of the FTSE 100 company. Harf said it has been a pleasure to work with the company and is confident it will cont
Read moreReckitt Benckiser ordered to pull Nurofen range in Australia
14th Dec 2015 10:27
(ShareCast News) - Reckitt Benckiser has been ordered to pull part of its Nurofen pain relief range in Australia. On Monday the country's Federal Court ordered the Nurofen Specific Pain products off the shelves after a complaint from the Australian Competition and Consumer Commission (ACCC). The co
Read moreConsumer companies will suffer from exposure to EMEA, says Moody's
7th Dec 2015 14:00
(ShareCast News) - Companies in consumer-facing industries like beverages and clothing with strong exposure to Europe, the Middle East and Africa (EMEA) are going to lag global sales and profit growth in 2016, Moody's has warned. The credit agency said the slowdown in emerging markets, increasing pr
Read moreThursday newspaper share tips: Tough choice over Reckitt Benckiser
22nd Oct 2015 11:11
(ShareCast News) - Reckitt Benckiser is presenting investors with a tough choice, according to The Times' Tempus. The global consumer goods producer has produced some "startlingly strong" numbers according to Tempus, with third quarter revenues in emerging markets up by 10% and health revenues up 14
Read moreLondon close: Stocks struggle to find direction on lack of drivers
21st Oct 2015 16:16
(ShareCast News) - London stocks ended Wednesday's session flat after wavering throughout the day amid a lack of economic drivers. Equities struggled to find direction as there were few data releases apart from UK public finances, Markit's Household Finance Index and Japanese trade data. UK's headl
Read moreLondon midday: Equity markets rebound as public finance figures beat forecasts
21st Oct 2015 11:19
(ShareCast News) - UK equity markets on Wednesday rebounded from earlier declines after better-than-expected public finance figures. The UK's headline public borrowing declined from an upwardly revised £11.6bn to £9.4bn in September, compared with analysts' expectations for a £10.1bn reading, accord
Read moreReckitt Benckiser hikes full-year revenue target
21st Oct 2015 07:27
(ShareCast News) - Consumer goods group Reckitt Benckiser lifted its full-year like-for-like sales growth estimate to 5% from a previous range of between 4% and 5% as it posted better-than-expected third-quarter revenue. The company reported third-quarter LFL growth of 7% to £2.20bn, topping analyst
Read more