London close: FTSE mixed as Unilever flies after rebuffed Kraft Heinz bid
17th Feb 2017 17:15
(ShareCast News) - London stocks closed mixed after a Friday session that saw blue-chip consumer goods giant Unilever fly higher after it slapped away a $143bn offer from Kraft Heinz, which has indicated it will return to the table. The rebuffed offer -- $50 a share in a mix of cash and shares -- wa
Read moreAnalysts weigh in on Kraft's offer for Unilever
17th Feb 2017 13:48
(ShareCast News) - As it emerged that London-listed consumer goods group and Marmite owner Unilever has rejected a $143bn offer from Kraft Heinz, analysts weighed in with their views. Jefferies: "KHC's approach for ULVR comes both as a surprise and a seismic shock to both ULVR and the broader Europe
Read moreUnilever surges to multi-year highs as it rejects Kraft Heinz offer
17th Feb 2017 12:15
(ShareCast News) - Unilever shares surged on Friday after the London-listed consumer goods giant rejected a $143bn offer from Kraft Heinz. Kraft noted recent speculation about a deal between the two and said it has made a "comprehensive proposal to Unilever about combining the two groups to create a
Read moreUnilever sales rise but miss forecasts, expects 'slow start' to 2017
26th Jan 2017 08:16
(ShareCast News) - Unilever reported that revenue grew but missed expectations as the Anglo-Dutch consumer goods giant was affected by economic woes in Brazil and demonetisation in India, two of its largest markets, and expects the difficult market conditions to continue in 2017. Unilever, which mak
Read moreThursday preview: Unilever finals, UK GDP, Brexit bill
25th Jan 2017 13:09
(ShareCast News) - Consumer goods giant Unilever reports its annual results on Thursday with analysts expecting an increase in pre-tax profits on the back of like-for-like sales growth. The owner of Marmite, Ben & Jerry's and Vaseline products is anticipated to report pre-tax profit of €7.7bn in 201
Read moreBarclays downgrades Unilever after recent outperformance
23rd Jan 2017 14:48
(ShareCast News) - Analysts at Barclays downgraded their recommendation and target price on the shares of global consumer goods giant Unilever. They lauded the company´s agility and demonstrated ability to combine global scale with local market knowledge, which had resulted in market share gains and
Read moreWednesday broker round-up
11th Jan 2017 13:32
(ShareCast News) - Burberry: Barclays upgrades to Overweight and lifts target price from 1450p to 1760p. AstraZeneca: UBS maintains Buy, keeps target price of 5,000p. Spectris: Bank of America Merill Lynch upgrades to Buy with a target price of 2600p. Unilever Plc: UBS maintains Buy with a target
Read moreTuesday broker round-up
13th Dec 2016 13:12
(ShareCast News) - British Land: Barclays reiterates overweight with a target price of 740p. GlaxoSmithKline: UBS reiterates neutral, 1600p target. Reckitt Benckiser: Jefferies reiterates buy with a 7750p target. GB Group: Berenberg reiterates buy with a 340p target. Great Portland Estates: Barcl
Read moreJefferies zigzags by upgrading Unilever on strong cashflow guidance
13th Dec 2016 11:12
(ShareCast News) - Jefferies has upgraded Unilever to 'buy' from 'hold' and raised its price target from 3,400p to 3,700p, saying that while other analysts "zig... we choose to zag". New guidance from the consumer goods giant amounts to what Jefferies said was one of the strongest combinations of
Read moreSector movers: Industrial Engineers up despite tough end markets
1st Dec 2016 17:19
(ShareCast News) - Another day of solid gains for crude oil futures boosted the oil patch again. Close behind were Industrial Engineers, with shares in Rotork, IMI and Weir Group pacing gains. Commenting on the messages delivered by the three companies at the latest biannual Valveworld trade show i
Read moreUnilever to appeal Brazilian court ruling
25th Nov 2016 12:13
(ShareCast News) - Unilever plans to appeal an adverse ruling by the Brazilian Supreme Court. The household goods giant had advised in its third-quarter trading statement that within its estimated total contingent liabilities there was a risk adjusted amount in respect of a claim for €565m for indir
Read moreFriday broker round-up
14th Oct 2016 09:46
(ShareCast News) - Acacia: Jefferies keeps at buy with a target price of 610p. Tesco: HSBC reiterates hold, 195p target. Weir: UBS downgrades to neutral with a 1830p target. Sky: HSBC reiterates hold with a 820p target. Playtech: UBS keeps at buy with a 1060p target. Jupiter: JP Morgan keeps at
Read moreUnilever takes 3.4% currency hit in third quarter as Tesco Marmite row erupts
13th Oct 2016 07:20
(ShareCast News) - As supermarkets pulled Marmite and several of its other brands from their shelves over a pricing dispute, Unilever posted forecast-beating underlying sales and a 28.9p dividend amid tough third-quarter conditions. With sterling's collapse post-Brexit, the price of imported commodi
Read moreMonday broker round-up
10th Oct 2016 13:30
(ShareCast News) - Easyjet: Societe Generale downgrades to sell with a target price of 820p. BP: Barclays reiterates overweight, 600p target. Lloyds: Citigroup keeps at sell with a 48p target. Unilever: Jefferies reiterates hold with a 3530p target. Royal Dutch Shell: Barclays keeps at overweight
Read moreMonday broker round-up
19th Sep 2016 09:52
(ShareCast News) - Lloyds: Jefferies reiterates buy with a target price of 67p. Astrazeneca: UBS reiterates buy, 5480p target. Britvic: JP Morgan keeps at underweight with a 590p target. Unilever: UBS reiterates neutral with a 3380p target. IHG: HSBC starts coverage at reduce with a 2900p target.
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