Unilever prices $1.25bn bond on US market
26th Jul 2016 07:57
(ShareCast News) - Unilever announced on Tuesday that it had priced a dual-tranche $1.25bn bond on the US market on Monday. The FTSE 100 consumer products company said $550m 1.375 % fixed rate notes are due 28 July 2021, with a further $700m 2.0% fixed rate notes due 28 July 2026. It said the bond
Read moreUnilever's underlying growth undimmed in first half despite 'tougher market'
21st Jul 2016 07:05
(ShareCast News) - Unilever maintained its underlying rate of sales growth at 4.7% in the second quarter but first-half turnover fell and the fast moving consumer goods colossus said it was preparing for tougher market conditions as it sees no sign of an improving global economy. Group sales decreas
Read moreUnilever buys Dollar Shave Club
20th Jul 2016 10:12
(ShareCast News) - Unilever has agreed to buy California-based male grooming business Dollar Shave Club for an undisclosed sum. Founded in 2012, the company had turnover of $152m last year and is on track to exceed $200m in 2016. Kees Kruythoff, president of Unilever North America, said: "Dollar Sh
Read moreMonday broker round-up
18th Jul 2016 13:20
(ShareCast News) - Experian: Barclays reiterates overweight with a target price of 1,550p. Rentokil: HSBC upgrades to hold with a 190p target. Card Factory: UBS reiterates buy with a 295p target. Capital & Regional: HSBC starts coverage at buy with a 61p target. Unilever: Goldman Sachs reiterates
Read moreCoca-Cola to acquire Unilever's AdeS business for $575m
1st Jun 2016 15:23
(ShareCast News) - Bottling giant Coca-Cola Co and Mexico's Coca-Cola Femsa SAB said they have agreed to buy Unilever's AdeS soy-based beverage business for about $575m. The boards of all three companies had approved the deal. The deal expands Coca-Cola's sales of non-soda drinks and at the same wi
Read moreLondon pre-open: Stocks seen flat ahead of BoE announcement
14th Apr 2016 07:31
(ShareCast News) - London stocks were set for a broadly flat open on Thursday as investors looked to the Bank of England rate announcement. The FTSE 100 was seen starting three points lower than Wednesday's close at 6,359. "The Bank of England is likely to stay unanimous in its decision to keep int
Read moreVolumes up and turnover down at Unilever
14th Apr 2016 07:12
(ShareCast News) - FTSE 100 consumer goods company Unilever reported growth in underlying sales and volume on Thursday, though its top line declined in its first quarter update. Underlying sales growth was up 4.7%, with emerging markets up 8.3%, while underlying volume grew 2.6% and pricing advanced
Read moreFTSE 100 movers: Investors not happy with Kingfisher's transformation programme
25th Jan 2016 14:05
(ShareCast News) - The FTSE 100 started the week in the red, with the blue chip market down 21.22 points (0.36%) to 5,878.79 by mid-afternoon Monday. Shares in Kingfisher dropped after the B&Q owner announced a five-year transformation programme on Monday, saying it plans to deliver a £500m sustaina
Read moreWednesday newspaper share tips: Unilever, Ocado
20th Jan 2016 19:36
(ShareCast News) - Unilever's plans to buttress its growth prospects in anticipation of weakness in emerging markets paid off last year. In September 2013 the company's boss, Paul Polman, warned of a downturn in emerging markets - from which it derives about half its business. Rivals afterwards issu
Read moreLondon close: Homebuilders lead bounce after Carney's remarks
19th Jan 2016 16:15
(ShareCast News) - Equities bounced back on Tuesday as a slowdown in Chinese economic growth fuelled stimulus hopes in Asia's largest economy and following 'dovish' remarks from the Governor of the Bank of England. The Footsie finished 96.88 points or 1.68% higher at 5,876.80 points, while the secon
Read moreBroker tips: AstraZeneca, BAE Systems, Unilever
19th Jan 2016 10:57
(ShareCast News) - Barclays upgraded AstraZeneca to 'equalweight' from 'underweight' and lifted the price target to 5,000p from 4,400p following a review of the pipeline and the recent Acerta Pharma and ZS Pharma deals. It said the upgrade reflected "an attractive growth outlook balanced by the pote
Read moreUnilever left at 'buy' by Canaccord after full year results
19th Jan 2016 10:35
(ShareCast News) - Unilever's 'buy' rating and 3415p price target were left unchanged by Canaccord Genuity on Tuesday after the company reported better-than-expected fourth quarter results. The consumer goods giant reported a 6% fall in full year pre-tax profit to €7.2bn, despite a 10% increase in t
Read moreLondon pre-open: Stocks set to bounce back after raft of Chinese data
19th Jan 2016 07:30
(ShareCast News) - Stocks are set to jump at the start of trading despite the release of a spate of weaker than expected economic data out of the world's second largest economy, China, with economists sounding a relatively optimistic note on the figures. Acting as a backdrop, speaking on Tuesday eve
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 moreCredit Suisse upgrades more confident Unilever
8th Dec 2015 10:13
(ShareCast News) - A more confident management team is being credited for Credit Suisse upgrading consumer goods company Unilever from 'underperform' to 'neutral'. In a note released by the investment bank on Tuesday, it upgraded the stock and also raised the target price from €39.50 to €41. "We en
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